Latin America Leisure Boat Market Size & Outlook
Latin America leisure boat market, 2018-2030 (US$M)
Related Markets
Latin America leisure boat market highlights
- The Latin America leisure boat market generated a revenue of USD 1,991.8 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,991.8 million |
| Market revenue in 2030 | USD 2,552.6 million |
| Growth rate | 3.6% (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, Latin America region accounted for 4.5% 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 90.82% in 2023. Horizon Databook has segmented the Latin America leisure boat market based on new leisure boat, used leisure boat covering the revenue growth of each sub-segment from 2018 to 2030.
The boat and yacht manufactures in the region are increasing their production in the Brazil. For instance, in February 2021, Azimut Yachts announced its plans to increase its production volumes in the company’s Brazilian factory. In South American countries such as Brazil, Chile, and Argentina, federal governments heavily invest in making new dockage and ports.
For instance, recently, Chile has built a new dockage in Puerto Williams, where a superyacht can be accommodated easily. Therefore, it is expected to see a considerable opportunity for yacht manufacturers in the region.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America leisure boat market size, by country, 2018-2030 (US$M)
Latin America Leisure Boat Market Outlook Share, 2023 & 2030 (US$M)
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