Asia Pacific Leisure Boat Market Size & Outlook, 2023-2030
Asia Pacific leisure boat market, 2018-2030 (US$M)
Related Markets
Asia Pacific leisure boat market highlights
- The Asia Pacific leisure boat market generated a revenue of USD 3,662.4 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, used leisure boat was the largest revenue generating type in 2023.
- New Leisure Boat is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,662.4 million |
| Market revenue in 2030 | USD 5,339.3 million |
| Growth rate | 5.5% (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 |
| Key market players worldwide | Azimut Holding SPA, BRP Inc Shs Subord.Voting, Brunswick Corp, Marine Products Corp, Baja Marine Corporation, Bavaria Yachtbau GmbH, Ferretti Group, Fountain Powerboats, Avon Marina |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 8.3% of the global leisure boat market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 27,377.3 million by 2030.
Used leisure boat was the largest segment with a revenue share of 88.93% in 2023. Horizon Databook has segmented the Asia Pacific leisure boat market based on new leisure boat, used leisure boat covering the revenue growth of each sub-segment from 2018 to 2030.
The COVID-19 pandemic has negatively impacted the market. Various countries and regions were put on lockdowns by the government to contain the spread of the virus. Moreover, the emergence of various strains of coronavirus further disrupted the growth of recreational sector.
The government of various countries in the region are taking initiatives to develop and boost the tourism sector. The boat dealers in the region are turning to various other markets such as Indonesia, Vietnam, Thailand, among others, to increase their business.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific leisure boat market size, by country, 2018-2030 (US$M)
Asia Pacific Leisure Boat Market Outlook Share, 2023 & 2030 (US$M)
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