Middle East & Africa Leisure Boat Market Size & Outlook
Middle East & Africa leisure boat market, 2018-2030 (US$M)
Related Markets
MEA leisure boat market highlights
- The MEA leisure boat market generated a revenue of USD 1,414.3 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 1,414.3 million |
| Market revenue in 2030 | USD 1,968.7 million |
| Growth rate | 4.8% (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, MEA region accounted for 3.2% 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 92.59% in 2023. Horizon Databook has segmented the Middle East & Africa leisure boat market based on new leisure boat, used leisure boat covering the revenue growth of each sub-segment from 2018 to 2030.
Rapidly rising tourism industry across key countries such as UAE and Saudi Arabia is anticipated to create a massive opportunity in the market. The region started to witness growth in tourism towards the end of 2020.
The strict COVID-19 guidelines imposed by the federal governments, a new mode of transportations through sea gained prevalence among tourists and residents across key countries such as Saudi Arabia and UAE.
Additionally, premium customers' high preference and spending in experiencing luxurious lifestyles across these countries are expected to generate a remarkable opportunity for luxurious yachts over the next seven years.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa Leisure Boat Market Outlook Share, 2023 & 2030 (US$M)
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