Global Leisure Boat Market Size & Outlook, 2023-2030
Global leisure boat market, 2018-2030 (US$M)
Related Markets
Global leisure boat market highlights
- The global leisure boat market generated a revenue of USD 44,210.8 million in 2023 and is expected to reach USD 63,482.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, used leisure boat accounted for a revenue of USD 35,468.4 million in 2023.
- New Leisure Boat is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 44,210.8 million |
| Market revenue in 2030 | USD 63,482.7 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Used leisure boat |
| Fastest growing segment | New Leisure Boat |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | New Leisure Boat, Used Leisure Boat |
Other key industry trends
- In terms of revenue, the North America accounted for 44.0% of the global leisure boat market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 57.2 million by 2030.
Used leisure boat was the largest segment with a revenue share of 80.23% in 2023. Horizon Databook has segmented the Global leisure boat market based on new leisure boat, used leisure boat covering the revenue growth of each sub-segment from 2018 to 2030.
Safety and security are the main concerns of leisure boat owners. At times when the boats are moored and left unattended, particularly during winters there is a risk of boats getting unmoored and drifting away. To deal with these challenges, boat makers are investing in the Internet of Things (IoT) technology that would help curb the instances of boats suffering from internal damage and sinking.
IoT allows appliances, physical structures, vehicles, smartphones, wearable devices, and heavy equipment to connect and share data with each another via the Internet, thereby augmenting the security factor, enhancing the accuracy, and increasing the efficiency by digitizing and optimizing critical functions.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global leisure boat market size, by region, 2018-2030 (US$M)
Top 10 countries: Leisure boat market size, 2023 (US$M)
Global leisure boat market share, by type, 2023 & 2030 (%, US$M)
Leisure boat market: Opportunity assessment by country
Global leisure boat market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,779.8 | 1,823.9 | 1,852.5 | 1,886.8 | 1,936.9 | 1,991.8 | 2,052.0 | 2,117.7 | 2,189.7 | 2,268.5 | 2,354.7 | 2,449.2 | 2,552.6 | 4.5% |
| Europe | 13,793.5 | 14,521.6 | 15,155.7 | 15,860.0 | 16,728.3 | 17,674.7 | 18,709.0 | 19,837.1 | 21,074.1 | 22,431.5 | 23,923.7 | 25,566.0 | 27,377.3 | 6.9% |
| North America | 16,779.3 | 17,317.4 | 17,717.9 | 18,176.6 | 18,794.8 | 19,467.6 | 20,200.3 | 20,998.9 | 21,869.9 | 22,821.6 | 23,861.7 | 24,999.1 | 26,244.8 | 4.4% |
| MEA | 1,084.1 | 1,153.4 | 1,211.9 | 1,272.7 | 1,342.6 | 1,414.3 | 1,488.0 | 1,563.5 | 1,641.0 | 1,720.3 | 1,801.5 | 1,884.4 | 1,968.7 | 6.1% |
| Asia Pacific | 2,986.1 | 3,116.3 | 3,224.1 | 3,344.4 | 3,496.8 | 3,662.4 | 3,842.7 | 4,039.2 | 4,253.6 | 4,488.2 | 4,745.0 | 5,026.6 | 5,339.3 | 6.3% |
| Overall | 36,422.8 | 37,932.6 | 39,162.1 | 40,540.5 | 42,299.4 | 44,210.8 | 46,292.0 | 48,556.4 | 51,028.3 | 53,730.1 | 56,686.6 | 59,925.3 | 63,482.7 | 5.3% |
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