DUBLIN--(BUSINESS WIRE)--Aug 23, 2018--The "Leisure Boat Market Analysis Report By New Leisure Boat (Motorized, Non-Motorized), By Used Leisure Boat, By Equipment (Monitoring Equipment, IoT Sensors, Telematics Solutions), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global leisure boat market size is anticipated to reach USD 51.37 billion by 2025, registering a CAGR of 4.3% during the forecast period.

The tourism industry has been changing drastically in recent times with increasing popularity of marine and coastal tourism activities. The world economy is experiencing a healthy growth and markets such as U.S. are rapidly recovering from the 2008 economic crisis, which, in turn, has resulted in a rise in consumer disposable income. There is also an increase in number of High Net Worth Individuals (HNWIs) across the globe, which has resulted in a surge in expenditure on leisure activities, thus leading to a boost in demand for recreational boats.

Increasing number of boat shows and water sporting events are attracting a large number of boaters. Top manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats. A large number of people are participating in luxury boating activities, especially in European and North American countries, which is expected to further boost the market in these regions.

Key Market Trends

Rising popularity of connected boats Increase in the spending on recreation and leisure activities Growing population of High Net Worth Individuals (HNWIs)

Companies Mentioned

Avon Marine Azimut Benetti S.p.A. Baja Marine Bavaria Yachtbau GmbH Bombardier Recreational Products (BRP) Inc. Brunswick Corporation Carlisle Paddles Inc. Chaparral Boats, Inc. Farr Yacht Design, Ltd. Ferretti S.P.A. Fountain Powerboat Groupe Beneteau HCB Center Console Yachts Malibu Boats, Inc. Marine Products Corporation Neil Marine (Private) Ltd. Sunseeker International Limited Bay Way Electronics Monnit Corp. Mercury Marine SilverTip Telematics Siren Marine, LLC Sigfox Sentinel

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Related Topics:Maritime

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

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PUB: 08/23/2018 02:22 PM/DISC: 08/23/2018 02:22 PM

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