A leisure boat is a recreational boat that is used for tourism, and waterosporting activities. These boats have luxurious infrastructures such as accommodation facilities, cabins, and other amenities. Globalization has remarkably influenced the lifestyle preferences of the majority, particularly in urban cities. Owing to the trend, the pleasure boat market experiences itself at the crossroad, where it is willing to reimagine their offerings to cope up with the novel ways of leisure boats. More such developments are expected to be seen in the coming years, having a unique impact on the Leisure boat market during the forecast period.
MARKET SCOPE
The "Global Leisure Boats Market Analysis to 2028" is a specialized and inodepth study of the Manufacturing and Construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Leisure Boats market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading Leisure Boats market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ?Based on type, the market is segmented as new leisure boats, and used leisure boats. ?The market on the basis of the application is classified as sailboats, dry cargo vessels, runabouts, towboats, jet boats, cabin cruiser, and watercrafts.
Drivers
- ?The development of modern boat layouts to boost the demands for Leisure Boats. ?Technological advancements is bolstering the significant demand for Leisure Boats worldwide.
- ?High initial cost is estimated to be a restraint to the global Leisure Boats market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The Leisure Boats market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Leisure Boats market in these regions.
IMPACT OF COVID-19 ON LEISURE BOATS MARKET
The outbreak of the COVID-19 has severely impacted the Manufacturing and Construction industries, which resulted in lower sales of Leisure Boats based product in the year 2020. The Leisure Boats market players struggled to gain profits by selling their products worldwide. Further, the shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and declined the sale of Leisure Boats for specific periods. Overall, the sales were down in 2020, while the beginning of the 2021 market normalized the sale volume with an increase in manufacturing activities. The growing participation of people in recreational and competitive boating activities is anticipated to boost the Leisure Boats market in the post pandemic era.
MARKET PLAYERS
The report covers key developments in the Leisure Boats market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as power launches, power approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Leisure Boats market are anticipated to provide lucrative growth opportunities in the future with the rising demand for Leisure Boats in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Leisure Boats market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ?Avon Marine?Baja Marine?Bavaria Yachtbau GmbH?Brunswick Corporation?Carlisle Paddles Inc. ?Chaparral Boats, Inc. ?Farr Yacht Design, Ltd. ?Ferretti S. P. A. ?Fountain Powerboat?Sunseeker International Limited