New Leisure Boat Market Research during 2021-2025 | COVID-19 Market Impact Analysis |Technavio

×

Error message

  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

The new leisure boat market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, January 21, 2021
Information
Tags: 
Cruise, Retail, Luxury, Travel, Leisure, Quality of life
Geotags: 
NORTH AMERICA, US, SOUTH AMERICA, EUROPE, APAC, CANADA
⚠generated by AI ↴
Summary
Key Points: 
  • The new leisure boat market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
  • View the full release here: https://www.businesswire.com/news/home/20210121005698/en/
    Technavio has announced its latest market research report titled Global Leisure Boat Market 2021-2025 (Graphic: Business Wire)
    Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the leisure boat market.
  • As the markets recover, Technavio expects the leisure boat market size to grow by $ 30.01 bn during the period 2021-2025.
  • The leisure boat market is segmented by product (Leisure boat accessories, Leisure boat motors, and Leisure boat building) and geography (North America, Europe, APAC, South America, and MEA).


The new leisure boat market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210121005698/en/

Technavio has announced its latest market research report titled Global Leisure Boat Market 2021-2025 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Leisure Boat Market 2021-2025 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the leisure boat market.

Get FREE report sample within MINUTES

"One of the primary growth drivers for this market is the increasing customer engagement in marinas and recreational boating activities,” says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the leisure boat market size to grow by $ 30.01 bn during the period 2021-2025.

Leisure Boat Market Segment Highlights for 2020

  • The leisure boat market is expected to post a year-over-year growth rate of 8.11%.
  • Based on the product, the leisure boat accessories segment saw maximum growth in 2020. The demand for accessories such as seat covers, traction mats, dry bags, and cases will increase with the growth of personal watercraft (PWC) sales.
  • The demand for leisure boat accessories will also be fueled by the growth of new boats and used boat sales.

Regional Analysis

  • 59% of the growth will originate from the North America region.
  • Recent technological innovations such as the adoption of remote controls and digital dashboards in leisure boats will facilitate the leisure boat market growth in North America over the forecast period.
  • The US and Canada are the key markets for leisure boats in North America. Market growth in this region will be faster than the growth of the market in Europe.

Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related Reports on Industrials Include:

Global Truck-Mounted Aerial Work Platform (AWP) Market- The truck-mounted aerial work platform (AWP) market is segmented by end-user (utility sector, construction sector, and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors. Click Here to Get an Exclusive Free Sample Report

Global Mining Truck Market- The mining truck market is segmented by product (90-150 tons, 154-255 tons, and 290-363 tons) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The leisure boat market size is expected to accelerate at a CAGR of over 8% during the forecast period.
  • The leisure boat market is segmented by product (Leisure boat accessories, Leisure boat motors, and Leisure boat building) and geography (North America, Europe, APAC, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including AB Volvo, Azimut Benetti SpA, Bavaria Yachtbau GmbH, BENETEAU SA, Bombardier Recreational Products Inc., Brunswick Corp., Chaparral Boats Inc., FERRETTI SpA, Iconic Marine Group, and Yamaha Motor Co. Ltd.

Register for a free trial today to access 17,000+ market research reports using Technavio's SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Copyright: 
Copyright Business Wire 2021