The global boat leisure market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). 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.
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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
- Segment Covered-
o By Boat Type
o By Monitoring Equipment
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Boat Leisure Market Report Segment
By Boat Type
- Motorized/Power Boats
o Super Yachts
o Flybridge Yachts
o Sport Yachts
o Long Range Yachts
o Others
- Non-Motorized Boats
o Kayaks
o Canoes
o Others
By Monitoring Equipment
- Boat and Yacht Monitoring Solutions
- IoT Sensors
o Water Detection Sensors
o Voltage Meters
o Temperature & Motion Sensors
- Telematics Solutions
- Others
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