Leisure Boat Engine Market size was valued at USD 5.25 Bn. in 2021 and the Leisure Boat Engine market revenue is expected to grow at 6.2 % from 2022 to 2029, reaching nearly USD 8.49 Bn.
Leisure Boat Engine Market Overview
Maximize Market Research has published a market intelligence report on the Leisure Boat Engine Market. The report covers manufacturers, regions, types, applications, segments, and forecasts to 2029. It provides a comprehensive analysis of the Leisure Boat Engine market, along with its ever-changing patterns, industry environment, and all dominant aspects of the market.
Leisure Boat Engine Market Dynamics
The tourism sector is booming and people’s disposable money is rising in emerging economies like Brazil and China. These are a few of the main forces behind market expansion. In addition, market expansion is anticipated to be fueled by the rising popularity of recreational and competitive boating activities. Additionally, throughout the projected period, market expansion is anticipated to be fueled by advancements in technology that lead to the creation and widespread adoption of connected boats. Manufacturers of boats and engines, independent dealers, service providers, and equipment suppliers make up the market.
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Leisure Boat Engine Market Report Scope and Research Methodology
The Leisure Boat Engine market report published by Maximize Market Research is a comprehensive analysis of the market, based on primary and secondary data collected through exhaustive research. The qualitative and quantitative data in the report are expected to help decision-makers determine which market segments and variables are driving the market.
The bottom-up approach was used to estimate the global and regional Leisure Boat Engine market size. The report also includes a PESTLE analysis, which can help investors in the Leisure Boat Engine industry develop strategies. Political factors can help investors understand how much a government is expected to influence the Leisure Boat Engine market during the forecast period. Economic factors can help investors analyze the economic performance drivers that have an impact on the Leisure Boat Engine market. Legal factors can help investors understand the impact of the surrounding environment and the influence of environmental concerns on the Leisure Boat Engine market.
The report also provides insights into the competitive landscape of the global Leisure Boat Engine market, so that investors can understand the competition at local, regional, and global levels. It covers all the key aspects of the Leisure Boat Engine market, such as areas of operation, production, and product portfolio
Leisure Boat Engine Market Regional Insights
The Leisure Boat Engine market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Leisure Boat Engine Market Segmentation
Gasoline is predicted to increase with the highest CAGR among all fuel segments throughout the projection period. Gasoline is one of the most widely used fuels today. It is mostly used as fuel in internal combustion engines with spark ignition. Different grades of gasoline have a variety of uses. The octane number is a statistic used to assess how well gasoline performs. Utilizing gasoline greatly enhances the longevity and functionality of engines while lowering pollutants. Recent standards and laws, like BS-IV and Euro VI, have improved gasoline quality and decreased emissions.
Determined by Purpose, During the projection period, the Personal category is anticipated to increase at the greatest CAGR. Small boats used for water activities with personal leisure boat engines allow the user to sit on the boat rather than inside it. Jet skis, water scooters, and specially designed adventure sports boats are a few examples. Most boats provide room for two or more people. A single-rider stand-up boat, which is a second design, is more frequently used for stunts, racing, and water sports competitions around the globe. Most of these vessels can hold one, two, or even four persons and feature inboard motors. Most modern automobiles can cover up to 100 kilometers on a single tank of gas. These boats are small, quick, manageable, and do not have external propellers.
The sector for motor yachts, which is based on boat type, is anticipated to increase at the greatest CAGR during the forecast period. The increasing demand of visitors for luxury vacation, individualized service, and exclusive travel are the primary drivers of motor yacht sales. Manufacturers prioritize luxuries in order to offer customers products with higher performance levels. The procedures utilized to construct boats have also undergone major advancements in recent years. Motor yachts were built using wood and fiber-reinforced polymers. However, due to benefits like corrosion resistance, lower maintenance costs, and better strength-to-weight qualities, the use of composites has grown more popular.
1. Global Leisure Boat Engine Market Size, by Fuel (2021-2029)
• Gasoline
• Diesel
2. Global Leisure Boat Engine Market Size, by Purpose (2021-2029)
• Personal
• Fishing
• Tourism
3. Global Leisure Boat Engine Market Size, by Boat Type (2021-2029)
• Motor yacht
• Powerboat
• Sailboat
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Leisure Boat Engine Key Players
1. Yanmar
2. Volvo Penta
3. Brunswick Corporation
4. Yamaha Motors Co. Ltd.
5. Cummins
6. Barrus
7. Caterpillar
8. Malibu Boats Inc.
9. Mitsubishi Marine Engines
10. Yamaha Motor Company Limited
11. Bavaria Yachts GmbH
12. Johnson Outdoors Watercraft, Inc.
13. Azimut Yachts
14. Malibu Boats Inc.
15. Beneteau Group
16. Ferretti S.p.A.
17. MasterCraft
18. Hyundai Heavy Industries
19. Groupe Beneteau
20. Brunswick Corporation
Key questions answered in the Leisure Boat Engine Market are:
- What are the Leisure Boat Engine market segments?
- What are the factors driving the Leisure Boat Engine Market growth?
- What are the factors restraining the Leisure Boat Engine Market growth?
- Which trends are expected to generate additional revenue for the Leisure Boat Engine market growth?
- Who are the key players in the Leisure Boat Engine industry?
- What growth strategies are the top players considering to increase their presence in the Leisure Boat Engine Market?
Key Offerings:
- A Detailed Analysis of the Market Overview
- Market Share and Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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