Pune, India -- (SBWIRE) -- 09/03/2019 -- Global Leisure Boat Market Overview:
The Global Leisure Boat Market is Valued at USD 35.90 Billion in 2016 and will reach USD 54.51 Billion by the end of 2025 and also market is anticipated to grow with a healthy growth rate of more than 4.75% over the forecast period 2018-2025.
Some of the significant factors expected to expand the market are fluctuating economic situations, an ascent in customer discretionary cash flow over the world and blasting the travel industry sector. A Leisure Boat is a boat utilized for individual, family, and some of the time sportsmanlike entertainment. They are likewise utilized for occasions, for instance on a trench, stream, conduit, lake, in an archipelago or coastal area and are typically kept on marinas.
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The Global Leisure Boat Market is segmented on the basis of Boat Type, Technology, and Region. Based on the Boat Type, the Global Leisure Boat Market is classified into outboard boats, inboard boats, sterndrive boats, sail boats, personal watercrafts, and others. Outboard leisure boats have more room for outdoor activities, are easy to maintain, upgrade, and are inexpensive. The outboard boats segment accounts for a large share of the market, as these boats can be customized for multiple engines.
In terms of the Technology, the Global Leisure Boat Market is sub-segmented into engine & engine controls, IoT technologies and electronics, equipment, and others. Rise in digitalization has increased the need for various sensors such as voltage meters, temperature and motion sensors, and water detection sensors. The IoT technologies and electronics segment is projected to expand at a considerable pace during the forecast period.
As per the geographic analysis, North America will represent the biggest Leisure Boat Market share amid the estimated time frame. The developing client commitment towards marina and charter services will drive leisure boat industry development in this district. The appropriation of remote controls and digital dashboards in Leisure Boats will likewise drive market development in this locale.
Top Leading Key Manufacturers in Global Leisure Boat Market: Bavaria Yachtbau GmbH, Avon Marine, Bombardier Recreational Products (BRP) Inc., Azimut Benetti S.p.A., Chaparral Boats, Inc., Baja Marine, Brunswick Corporation, Carlisle Paddles Inc., Groupe Beneteau, Malibu Boats Inc. and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Latest Industry News:
Bombardier Recreational Products (BRP) Inc. (May 1, 2019) BRP to Acquire Telwater, Australian Leader in Aluminum Boats, Reinforcing Marine Portfolio – Bombardier Recreational Products (BRP) Inc. announced today that it has entered into a definitive agreement to acquire 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"), Australia's leading manufacturer of aluminum boats and trailers. Following the closing of the contemplated acquisition, Paul Phelan, Telwater's current owner and Managing Director, will continue to play an important role in the operations of the business and will hold 20% of the company's outstanding shares.
"We are excited to start this new chapter of our journey by joining forces with a global leader like BRP. This acquisition means we can continue our growth here and abroad, and leverage BRP's know-how and capacity to constantly innovate," explained Paul Phelan. "Our local knowledge and expertise will be put to good use by BRP's Marine Group and we are looking forward to being part of the BRP family."
"Telwater was especially attractive to us because of our strong existing relationship with them and the passionate people in Coomera, representing a great opportunity to reinforce our presence in Australia," said José Boisjoli, President and Chief Executive Officer of BRP. ''This is one more piece of the puzzle in our strategy to transform the marine industry and a chance for us to further our goal of becoming a leading global marine company by investing in the current leader in this region," added Mr. Boisjoli.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Leisure Boat in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Leisure Boat Market Report 2019
1 Global Leisure Boat Market Definition & Scope
1.1 Research Objective
1.2 Market Definition
1.3 Scope of The Study
1.4 Years Considered for The Study
1.5 Currency Conversion Rates
1.6 Report Limitation
2 Research Methodology
2.1 Research Process
2.2 Research Assumption
3 Executive Summary
3.1 Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2 Key Trends
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