Sep 22, 2020   SOURCE: PR NewsWire

Worldwide Leisure Boats Market Analysis and Forecasts to 2027

DUBLIN, Sept. 22, 2020 /PRNewswire/ -- The "Leisure Boats - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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Amid the COVID-19 crisis, the global market for Leisure Boats estimated at US$38.4 Billion in the year 2020, is projected to reach a revised size of US$46.7 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027. Motorized/Power Boats, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$28.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Motorized Boats segment is readjusted to a revised 2.5% CAGR for the next 7-year period.

The Leisure Boats market in the U.S. is estimated at US$10.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

This report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

    --  Avon Marine
    --  Azimut - Benetti Group
    --  Baja Marine
    --  Bavaria Yachtbau GmbH
    --  Bay Way Electronics
    --  Bombardier Recreational Products, Inc.
    --  Brunswick Corporation
    --  Chaparral Boats, Inc.
    --  EnVue Telematics, LLC.
    --  Farr Yacht Design
    --  Ferretti SpA
    --  Fountain Powerboats
    --  Groupe Beneteau
    --  HCB Center Console Yachts
    --  Malibu Boats Inc.
    --  Mercury Marine
    --  Monnit Corporation
    --  Neil Marine (Private) Ltd.
    --  Sentinel d.o.o
    --  Sigfox SA
    --  SilverTip Telematics
    --  Siren Marine, LLC
    --  Sunseeker International Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

    --  Global Competitor Market Shares
    --  Leisure Boat Competitor Market Share Scenario Worldwide (in %): 2019 &
        2028
    --  Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/47e3j1

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