The Latin America, Middle East and Africa Leisure Boat Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030).
The market is expected to expand during the projected period due to adequate boat infrastructure and the rising popularity of water sports & other water activities worldwide. The leisurely boat market is expanding due to rising living standards, peoples' preferences for comfort and elegance, and the growing popularity of vacation places near water bodies. Also, different measures are being done by the government and private organizations to promote recreational boating and the development of marine & coastal tourism.
One of the most popular recreational activities among customers around the region is leisure boating, which is rising quickly. The HNWI population is anticipated to increase over the projection period. As these customers generally can afford recreational boat activities, large expenditures are anticipated to enter the market in the upcoming years.
The development of peer-to-peer boat-sharing services has considerably aided in the growth of the market. Anyone who declines to spend money on boat ownership might use these platforms to find affordable alternatives. By renting out their boats to individuals, boat owners can earn extra money through the service. The peer-to-peer boat-sharing industry is increasing due to the growing popularity of digital platforms for registration and payment processes, which significantly benefits the expansion of the market.
By 2030, Saudi Arabia expects to accommodate more than 100 million tourists yearly, according to the International Trade Administration. To accomplish this, it has carried out many regulations, such as establishing an electronic visa system for residents of 49 nations, opening its UNESCO World Heritage Sites, constructing resorts along its Red Sea coast, and launching a cruise line. The Ministry of Tourism will launch the new Tourism Development Fund in 2020 with a $4 billion initial investment. The Ministry added that it will actively collaborate with investors in the manufacturing sector to take advantage of new growth prospects in the next years as tourism moves into a post-COVID pandemic recovery phase. The market is anticipated to witness significant growth due to the booming tourism sector across LAMEA region.
The Brazil market dominated the LAMEA Leisure Boat Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,172.2 Million by 2030. The Argentina market is showcasing a CAGR of 9.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.9% during (2023 - 2030).
Based on Product, the market is segmented into Motorized (Yacht, Personal Watercraft, Outboard Boats, and Others), and Non-Motorized. Based on Type, the market is segmented into Used, and New. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Leisure Boat Market is Projected to reach USD 61.7 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bombardier Recreational Products (BRP) Inc., Brunswick Corporation, Marine Products Corporation (Chaparral Boats, Inc.), Ferretti S.p.A., Avon Marina, Azimut Benetti Group, Fountain Powerboats Group (Iconic Marine Group), Bavaria Yachtbau, Farr Yacht Design Ltd. and Sunseeker International (Wanda Group).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Motorized
- Yacht
- Personal Watercraft
- Outboard Boats
- Others
- Non-Motorized
By Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bombardier Recreational Products (BRP) Inc.
- Brunswick Corporation
- Marine Products Corporation (Chaparral Boats, Inc.)
- Ferretti S.p.A.
- Avon Marina
- Azimut Benetti Group
- Fountain Powerboats Group (Iconic Marine Group)
- Bavaria Yachtbau
- Farr Yacht Design Ltd.
- Sunseeker International (Wanda Group)
TABLE 1 LAMEA Leisure Boat Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Leisure Boat Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 4 LAMEA Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 5 LAMEA Motorized Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Motorized Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 8 LAMEA Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 9 LAMEA Yacht Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Yacht Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Personal Watercraft Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Personal Watercraft Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Outboard Boats Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Outboard Boats Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Non-Motorized Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Non-Motorized Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 20 LAMEA Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 21 LAMEA Used Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Used Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA New Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA New Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Leisure Boat Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Leisure Boat Market by Country, 2023 - 2030, USD Million
TABLE 27 Brazil Leisure Boat Market, 2019 - 2022, USD Million
TABLE 28 Brazil Leisure Boat Market, 2023 - 2030, USD Million
TABLE 29 Brazil Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 30 Brazil Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 31 Brazil Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 32 Brazil Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 33 Brazil Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 34 Brazil Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 35 Argentina Leisure Boat Market, 2019 - 2022, USD Million
TABLE 36 Argentina Leisure Boat Market, 2023 - 2030, USD Million
TABLE 37 Argentina Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 38 Argentina Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 39 Argentina Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 40 Argentina Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 41 Argentina Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 42 Argentina Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 43 UAE Leisure Boat Market, 2019 - 2022, USD Million
TABLE 44 UAE Leisure Boat Market, 2023 - 2030, USD Million
TABLE 45 UAE Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 46 UAE Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 47 UAE Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 48 UAE Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 49 UAE Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 50 UAE Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 51 Saudi Arabia Leisure Boat Market, 2019 - 2022, USD Million
TABLE 52 Saudi Arabia Leisure Boat Market, 2023 - 2030, USD Million
TABLE 53 Saudi Arabia Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 55 Saudi Arabia Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 57 Saudi Arabia Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 59 South Africa Leisure Boat Market, 2019 - 2022, USD Million
TABLE 60 South Africa Leisure Boat Market, 2023 - 2030, USD Million
TABLE 61 South Africa Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 62 South Africa Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 63 South Africa Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 64 South Africa Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 65 South Africa Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 66 South Africa Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 67 Nigeria Leisure Boat Market, 2019 - 2022, USD Million
TABLE 68 Nigeria Leisure Boat Market, 2023 - 2030, USD Million
TABLE 69 Nigeria Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 70 Nigeria Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 71 Nigeria Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 72 Nigeria Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 73 Nigeria Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 74 Nigeria Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 75 Rest of LAMEA Leisure Boat Market, 2019 - 2022, USD Million
TABLE 76 Rest of LAMEA Leisure Boat Market, 2023 - 2030, USD Million
TABLE 77 Rest of LAMEA Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 79 Rest of LAMEA Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 81 Rest of LAMEA Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 83 Key Information – Bombardier recreational products (brp) inc.
TABLE 84 Key Information – brunswick corporation
TABLE 85 Key Information – marine products corporation
TABLE 86 Key Information – Ferretti S.p.A.
TABLE 87 Key Information – avon marina
TABLE 88 Key Information – Azimut benetti group
TABLE 89 Key Information – Fountain Powerboats Group
TABLE 90 Key Information – Bavaria yachtbau
TABLE 91 Key Information – Farr Yacht Design Ltd.
TABLE 92 Key Information – Sunseeker international
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Leisure Boat Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Leisure Boat Market
FIG 4 Porter’s Five Force Analysis: Leisure Boat Market
FIG 5 LAMEA Leisure Boat Market share by Product, 2022
FIG 6 LAMEA Leisure Boat Market share by Product, 2030
FIG 7 LAMEA Leisure Boat Market by Product, 2019 - 2030, USD Million
FIG 8 LAMEA Leisure Boat Market share by Type, 2022
FIG 9 LAMEA Leisure Boat Market share by Type, 2030
FIG 10 LAMEA Leisure Boat Market by Type, 2019 - 2030, USD Million
FIG 11 LAMEA Leisure Boat Market share by Country, 2022
FIG 12 LAMEA Leisure Boat Market share by Country, 2030
FIG 13 LAMEA Leisure Boat Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT ANALYSIS: Bombardier recreational products (brp) inc.
FIG 15 Recent strategies and developments: Brunswick Corporation
FIG 16 SWOT ANALYSIS: brunswick corporation
FIG 17 SWOT ANALYSIS: marine products corporation
FIG 18 SWOT ANALYSIS: FERRETTI S.P.A.
FIG 19 SWOT ANALYSIS: Azimut benetti group
FIG 20 SWOT ANALYSIS: FOUNTAIN POWERBOATS GROUP
FIG 21 SWOT ANALYSIS: Bavaria yachtbau
FIG 22 SWOT ANALYSIS: Farr Yacht Design Ltd.
FIG 23 SWOT ANALYSIS: Sunseeker international