North America Leisure Boat Market Size & Outlook
North America leisure boat market, 2018-2030 (US$M)
Related Markets
North America leisure boat market highlights
- The North America leisure boat market generated a revenue of USD 19,467.6 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, used leisure boat was the largest revenue generating type in 2023.
- Used Leisure Boat is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 19,467.6 million |
| Market revenue in 2030 | USD 26,244.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Used leisure boat |
| Fastest growing segment | Used 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, North America region accounted for 44.0% 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 76.47% in 2023. Horizon Databook has segmented the North 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 U.S. is witnessing the increasing popularity of marine recreational activities, including boating and cruising. From the overall North American market, the U.S. alone held a market share of around 60% owing to the rising boat sales from Florida, California, and New York.
The North America region has a huge number of large- and small-scale boat manufacturers.High demand of various recreational boats in the region is contributing to the regional growth.
The manufacturers/resellers in the region reported a robust increase in boat sales after the second quarter of 2020 and are anticipating a similar trend during 2021 and the next couple of years.
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Leisure Boat Market Scope
Leisure Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America leisure boat market size, by country, 2018-2030 (US$M)
North America Leisure Boat Market Outlook Share, 2023 & 2030 (US$M)
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