Europe Leisure Boat Market Size & Outlook, 2023-2030
Europe leisure boat market, 2018-2030 (US$M)
Related Markets
Europe leisure boat market highlights
- The Europe leisure boat market generated a revenue of USD 17,674.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 17,674.7 million |
| Market revenue in 2030 | USD 27,377.3 million |
| Growth rate | 6.5% (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, Europe region accounted for 40.0% 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 80.38% in 2023. Horizon Databook has segmented the Europe leisure boat market based on new leisure boat, used leisure boat covering the revenue growth of each sub-segment from 2018 to 2030.
The significant level of boat and yacht manufacturing activity in the region is a key factor for market growth. Moreover, growing participation of people in leisure activities is propelling the regional market growth. Europe also represents the largest market for yachts across the globe.
Increase in the number of HNWI individuals in region, coupled with the growing popularity of fishing and watersport activities, is bolstering the market growth.The region is also known for holding various trade shows and recreational boating events, which is supporting the growth of the regional market.
However, the region has been adversely impacted due to the COVID-19 pandemic. Labor shortages due to the pandemic has severely affected the boat manufacturing.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe leisure boat market size, by country, 2018-2030 (US$M)
Europe Leisure Boat Market Outlook Share, 2023 & 2030 (US$M)
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