Boat Market Size, Share, Growth Report 2030

Boat Market

Boat Market By Type (Pleasure Boat, Fishing Boat, Commercial Boat, And Military Boat): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Category: Consumer Goods Report Format : PDF Pages: 153 Report Code: ZMR-2717 Published Date: Jun-2021 Status : Published

The Global Boat market accounted for USD 30,786.3 Million in 2020 and is expected to reach USD 66,106.8 Million by 2028, growing at a CAGR of around 10% between 2021 and 2028.    

Market Overview

The global boat market accounted for USD 30,786.3 Million in 2020 and is expected to reach USD 66,106.8 Million by 2028, growing at a CAGR of around 10% between 2021 and 2028.     

Global Boat Market SizeRequest Free Sample

Boats are watercraft that have historically been used to travel by sea, river, and lake. The boating industry has advanced significantly over the years, expanding the range of boat uses in fields such as military, tourism, fishing, and import-export. A boat is a category of watercraft that comes in a variety of shapes and sizes, but it is usually smaller than a ships, which is differentiated by its greater scale, form, freight or passenger capacity, or ability to transport passengers. The boats are divided into two categories: unpowered and man-powered. Fishing boats are designed specifically for fishing and can be used in both salt and freshwater. Pleasure craft, which include ski boats, pontoon boats, and sailboats, are designed for pleasure boating. Houseboats have the comfort of being able to live on the water.

With the evolution in technology, the shipping industry has seen an increase in the demand for technologically innovative features in various boat types. Over the forecast years, the global boat industry is predicted to rise significantly. During the forecast era, the global boat market is expected to expand at a healthy pace. Various growth factors are supporting the industry, including the increased use of boating as a leisure sport, an increase in the number of high net worth individuals, an improved consumer satisfaction index, and government interventions in major countries to stimulate interest in boating among the masses.  

Global Boat Market: Report Scope:

Report Attributes Report Details
Report Name Boat Market Research Report
Market Size in 2020 USD 30,786.3 Million
Market Forecast in 2028 USD 66,106.8 Million
Compound Annual Growth Rate CAGR of 10%
Number of Pages 153
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner AS, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, and PALFINGER among others play an important role.
Segments Covered By Product Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2017 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization


To know more about this report, request a sample copy.

COVID-19 Impact Analysis

The global Boat market has witnessed a slight decline in the sales for short term due to the lockdown enforcement placed by various governments of emerging nations in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain which in turn affected tourism, fishing and transport industry. However, the global markets are slowly opening to their full potential and tourism industry is getting back on track, which will make the market remain bullish in upcoming year.

The significant decrease in the global Boat market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

Over the projected time-frame, the global boat industry is predicted to rise significantly. Increasing disposable income, the rising trend of leisure activities, and creative trends in the global tourism industry are driving the sector. But apart from that, there are certain limitations on the boat industry, such as labor-intensive production practices, government environmental laws and regulations, and rising raw material costs.

The technological advancement in the products manufacturing is expected to sight critical growth opportunity during the forecast period.

Report Scope:

Product Type Segment Analysis Preview

The global boat market has been divided into four categories based on product type: pleasure, fishing, commercial, and military. In 2020, the pleasure boat category accounted for 72.3 % of the total industry in terms of sales. Another important segment is fishing boats, which is expected to rise at a CAGR of 9.77% over the forecast period.

Global Boat Market ShareRequest Free Sample

Key Market Players & Competitive Landscape

Major market players of Boat market comprise Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner AS, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, and PALFINGER among others play an important role.

Global Boat Market IndustryRequest Free Sample

The global Boat Market is segmented as follows:

By Product Type

  • Pleasure Boat
    • Cuddy
    • Deck
    • Pontoons
    • Others                    
  • Fishing Boat
    • Convertible Fishing Boat
    • Bass Boat
    • Bay Boat
    • Bowrider
    • Others 
  • Commercial Boat
    • Charter Boats
    • Airboats
    • Houseboats
    • Others
  • Military Boat

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Boat Market was valued at USD 30,786.3 Million in 2020.

The global Boat Market is expected to reach USD 66,106.8 Million by 2028, growing at a CAGR of 10% between 2021 to 2028.

The global boat industry is predicted to rise significantly. Increasing disposable income, the rising trend of leisure activities, and creative trends in the global tourism industry are driving the sector. But apart from that, there are certain limitations on the boat industry, such as labor-intensive production practices, government environmental laws and regulations, and rising raw material costs.

North America boat market is the fastest growing market globally and accounted for 28.80% share in terms of value in 2020 and will continue to dominate the market in coming years. While Europe, Asia Pacific will be having significant role in driving the market.

Some of the major companies operating in boat market are Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner AS, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, and PALFINGER. 

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