The global boat leisure market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. The rising cruise tourism will propel the boat leisure market during the forecast period. India has immense potential for cruise tourism with its 7,516 km long coastline and 1,382 islands. Additionally, more than 400 rivers are floating in different parts of the country in which a huge crowd of domestic tourists comes for spiritual rituals that generate huge opportunities for boat leisure.
As per the data released by the Indian government, 4.5 lakh tourists enjoyed the cruise services during FY 2019-20. This tourist count was raised from 1 lakh in 2014 to this level. The government of India had planned to build six international cruise terminals on both the coastlines including the west coast (Mumbai, Goa, and Kochi) and the east coast (Visakhapatnam, Kolkata, and Chennai). Such initiatives will further attract foreign tourists to the country which will give significant growth to the boat leisure market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Boat Type
- By Monitoring Equipment
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Mahindra Marine Pvt. Ltd., Malibu Boats, Inc., Marince Products Corp., MasterCraft, Yamaha Motor Co. Ltd., Baja Marine, Johnson Outdoors Watercraft, Inc., and others.
Boat Leisure Market Segmentation
Boat Leisure Market by Boat Type
- Motorized/Power Boats
- Super Yachts
- Flybridge Yachts
- Sport Yachts
- Long Range Yachts
- Others
- Non-Motorized Boats
- Kayaks
- Canoes
- Others
Boat Leisure Market by Monitoring Equipment
- Boat and Yacht Monitoring Solutions
- IoT Sensors
- Telematics Solutions
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AB Volvo
- Avon Boats
- Azimut Benetti Group
- Baja Marine
- Bavaria Yachtbau
- Beneteau Group
- Bennington Marine LLC,
- Bombardier Recreational Products (BRP) Inc.
- Brunswick Corp.
- Catalina Yachts
- Chaparral Boats Inc.
- Farr Yacht Design, Ltd.
- Ferretti S.P.A.
- Fountain Powerboats, Inc.
- Godfrey Pontoon Group
- Groupe Beneteau
- Johnson Outdoors Watercraft, Inc.
- Mahindra Marine Pvt. Ltd.
- Malibu Boats, Inc.
- Marince Products Corp.
- MasterCraft
- Ranger Boats
- Sunseeker International Ltd.
- The MasterCraft Boat Co.
- TRACKER BOATS
- Yamaha Motor Co. Ltd.
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