I hope it gives you a clearer idea of the user-base. The rising disposable income of citizens and flourishing tourism sector in emerging economies, such as Brazil and China, are some of the key factors escalating the market growth. There are now web searchable databases for information, parts, owner groups, blogs, all things that will propel the ��� Along with the sales of boats, the revenue generated through services also took a hit as small third-party vendors had to shun their businesses due to the financial crisis arising out of lockdown restrictions. The rising disposable income of citizens and flourishing Get your queries resolved from an industry expert. with a North American focus. The monitoring equipment segment is divided into boat and yacht monitoring solutions, IoT sensors, telematics solutions, and others. The rising demand for recreational boating in countries, including Japan, China, and Australia, is further propelling the regional market growth. They are focused to provide better and quality leisure to customers. . Surging demand for recreational boats in various countries, including the U.K., France, Germany, Italy, and Spain, is estimated to propel the growth of the regional market. 1.3.3 Japan Sailing Suits Market Size and Growth Rate of Type 3 from 2014 to 2026 1.4 Market Segment by Application 1.4.1 Japan Sailing Suits Market Size and Growth Rate of Application 1 from 2014 to 2026 1.4.2 Japan Avail customized purchase options to meet your exact research needs. In the years that followed, this sailing yacht market declined rapidly. The resurgence in the economy post economic recession, coupled with the availability of affordable credit in the regional market, is resulting in the higher number of boat sales in the region. ��� Some prominent players in the global leisure boat market include: Bombardier Recreational Products (BRP) Inc. Revenue in USD million/billion and CAGR from 2020 to 2027, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; South America; Middle East and Africa (MEA), U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Sweden; Spain; China; India; Japan; Singapore; South Korea; Brazil. The global leisure boat market size was valued at USD 39.75 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. The large share of this segment is attributed to the fact that the used boat can be procured relatively quickly, thereby eliminating a higher delivery timeline. b. Factors including the increasing adoption of advanced technologies, such as smart sensors, Artificial Intelligence (AI), and the Internet of Things (IoT), and availability of flexible financing options offered by boat manufacturers are fueling the growth of the new leisure boat market. The growing popularity of yachts and the rise in the number of yachting events worldwide are driving the market. The State of the Sailing Industry: 2014 Sailing Market Study 2013 was a positive year across the board for the sailing market based on data collected from over 200 sailboat builders, importers and bareboat charter companies. Copyright © 2021 Grand View Research, Inc. All rights reserved. Sailing Market Demographics. This reduces competition and rivalry within the industry, making the companies operate in a friendly manner. Report Attribute Details Market size value in 2020 USD 348.95 billion Revenue forecast in 2025 USD 517.48 billion Growth Rate CAGR of 8.1% from 2019 to 2025 Base year for estimation 2018 Historical data 2015 - 2017 Forecast Intelligent devices and IoT technologies make boating activities user-friendly and enhance the overall boating experience by automating some of the manual tasks. Please fill out the form below for a free PDF report sample & Used boats usually remain functional and ready-for-sale, which prompts the users to opt for a used boat. Population and migration Size, age, sex and geographic distribution of the UK population, and changes in the UK population and the factors driving these changes. The market is expected to pose promising growth prospects throughout the forecast period owing to the combination of factors such as the multitude of investments made and research undertaken by the prominent players in the industry to develop and upgrade their portfolio. The global Sailing Salopettes market ��� Note, while we have tried to categorize the materials, many sources overlap several categories. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Naples has been inhabited since the Neolithic period. What America���s changing demographics mean for boating >> Scuttlebutt Sailing ��� Recreational boating activities are gaining popularity among tourists owing to the increasing number of boating events and trade shows hosted in different parts of the world. The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. Which segment accounted for the largest leisure boat market share? Many firms subscribe to these services (not cheap) The new leisure boat segment is also divided into motorized and non-motorized boats. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. But by looking at demographics trends, one can uncover shifting patterns in behaviors and attitudes. For instance, in July 2020, Azimut Benetti Group announced the launch of a new yacht model under the Magellano collection. Try our corporate solution for free! Find industry analysis, statistics, trends, data and forecasts on Ski & Snowboard Resorts in the US from IBISWorld. The non-motorized segment is primarily driven by the increasing usage of outboard boats and yachts, which are mainly used in recreational activities. This statistic shows the number of people participating in sailing in England from 2006/2007 to 2015/2016. Manufacturers are increasingly integrating advanced technologies, such as IoT, AI, and smart sensors, into the boats for providing users with features, such as GPS tracking, automatic controls, and smart connect. The COVID-19 has taken a toll on the tourism sector worldwide with complete restrictions imposed on international travel. And although the market for new sailboats has lagged since its heyday in the 1960s, ��� We are in compliance with GDPR & CCPR norms. The European market is expected to expand at the highest CAGR over the forecast period. Design an exclusive study to serve your research needs. Here are the 6 examples of customer characters. All told, the market The entire supply chain was disrupted in the first two quarters of 2020 with several manufacturing plants closed and businesses experiencing labor shortage. There also seems to be a movement in the presentation and awareness in the materials, clubs, and related venues, to a younger, more informed market base. The motorized boat segment is expected to capture the largest market share over the forecast period. Privacy Policy. The measures taken by the governments of various countries for the development of marine tourism have boosted the growth of the market. This statistic shows the number of people participating in sailing in ��� Besides, the rising demand for recreational watercraft in the U.S. is driving the regional market. The market in China is likely to exhibit the highest CAGR of 5.6% over the forecast period. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. Golf Apparel, Footwear, and Accessories Market in US 2021-2025 Feb 03, 2021 | USD 2,500... progressing at a CAGR of 5% during the forecast period. From the overall North American market, the U.S. alone held a share of 59.3% in 2019 owing to the rising boat sales in Florida, California, and New York. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen over the next few months. The COVID-19 also had an impact on the exports and imports leading to the shortage of equipment and sub-assemblies required for boat building. See the impact that boating has on your state's economy. Moreover, measures taken by the Government of China to promote yachting as a leisure activity are estimated to trigger the demand for recreational watercraft in the country. Growing marine and coastal tourism has significantly attracted tourists from numerous countries across Europe and North America. All of these demographics reflect basic qualities that can be used to determine the market segment to which your target audience, whether businesses or people, best belongs. The Market is spread as follows: U.S.A : $102 billion 2 Europe : $133 billion 3 Canada : $16 billion 4 Australia : $5 billion 5 UK : $6.2billion 6 Ireland : $1.3billion 7 China : $1.58billion 8 Region Full time employed No. Moreover, the use of wireless technology and smartphones allows the boat owner to track, monitor, and control the boats effectively. US Sailing Membership Demographics (as of 2010): Total Membership: 42,000 individuals. This is attributable to the increased demand for recreational watercraft as a result of improving economic conditions and the rising disposable income of consumers. Annual U.S. sales of boats, marine products and services are estimated to total $42 billion in 2019. Global Leisure Boat Market Size, Industry Report, 2020-2027. Retail unit sales of new powerboats are estimated to have held steady in 2019 at approximately 280,000 units, the second highest total since 2007. Additionally, Asia Pacific countries such as China and Australia are witnessing new growth opportunities in the market owing to the increasing per capita income of people in these countries. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. Some key players operating in the leisure boat market include Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Farr Yacht Design, Ltd.; and Groupe Beneteau. Demographics of Europe World Demographics Demographics Population Sources World Population Prospects: The 2019 Revision - United Nations Population Division World Urbanization Prospects - Population Division This way, we won���t be sailing ��� Request discounts available for Start-Ups & Universities. Initiatives such as increasing investments in the tourism industry, developing infrastructure, and changing regulations are expected to have a positive impact on the tourism industry in the coming years. Market research, extensive data and market statistics on the power boat industry, marine drives, boat building, boat manufacturers, boat dealers, marinas, related industries, boating and boaters. major sailing news, commentary, opinions, features and dock talk . Top Key Manufacturers in Sailing Dinghies Market are African Cats, Aquamarina, F-RIB, Nautiraid, TIWAL Sailing Dinghies Market Size, Segments, Applications, Types, Competitors, Demographics and Forecast to 2026 - WDFX - Fox34 They can better understand the prospective market, and use advertising personalization to ensure the needs of the targeted group are fulfilled: This customer segmentation method is one of the most commonly used because it���s easy to acquire through census data, analytics software, consumer insights, and more. This report provides an in-depth analysis of the statistics that matter to the industry including sales, market share, and consumer trends. The monitoring equipment segment is anticipated to expand at a CAGR of 6.2% over the forecast period. Furthermore, the growing participation of people in recreational and competitive boating activities worldwide is estimated to provide an upthrust to market growth. In a bid to strengthen their position in the market, manufacturers adopt strategies, including new portfolio expansion and strategic partnerships and collaborations. The emergence of smart connected devices and IoT technology is expected to fuel the growth of the monitoring equipment segment over the forecast period. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Learn more about the benefits of NMMA certification. Boaters across the country are finding ways to spend time on the water. This report has a service guarantee. Another prominent factor for the large share of used boats is the lower prices of these boats as compared to new boats. These statistics have a wide range of uses. Addition or alteration to country, regional & segment scope. The use of smartphone apps with IoT facilitates the overall control of the boat through predictive maintenance, emergency alerts, and notifications. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Manufacturers are also focusing on developing modern boat layouts to attract the interest of customers, especially in the Gen-Z category. This includes population counts, age, sex and First Nation demographics. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. The U.S. is witnessing the increasing popularity of marine recreational activities, including boating and cruising. In the blog post, we are going to discuss several people segments, about their interest, and attitudes. Outboard boats and yachts are widely used by boaters for personal boating activities across the world and the trend is expected to continue over the forecast period. The global leisure boat market is expected to witness a compound annual growth rate of 4.1% from 2019 to 2027 to reach USD 55.3 billion by 2027. b. We can use this data to predict the future better. Furthermore, rising recreational boating events and trade shows hosted by manufacturers are supplementing the growth of the market in Europe. 1,500 ��� The increased connectivity further ensures the safety of boaters over long voyages. The U.S. recreational boating market size valued at over USD 20 billion in 2017 and is estimated to exhibit approx. North America dominated the market in terms of revenue and accounted for more than 46.0% share of the global revenue in 2019. The motorized segment is further divided into personal watercraft, outboard boats, yacht, and others. Statistics & Research. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. The non-motorized boat segment is categorized into kayaks, canoes, and others. online dashboard trial. Get up to speed on any industry with comprehensive intelligence that is easy to read. The new leisure boat segment is anticipated to witness considerable growth over the forecast period. Therefore, the market is anticipated to recover slowly over the forecast period. Our support available to help you 24 hours a day, five days a week. 4.5% CAGR to 2024 when outboard boats segment will account for 70% of the united states recreational Annual U.S. sales of boats, marine products and services are estimated to total $42 billion in 2019. The industry in several countries, like the U.S., has formed an association that deals with issues, such as competition and unwanted behaviors, within the industry. Luxury Yacht Market Outlook - 2025 The luxury yacht market size was valued at $5,703.4 million in 2017 and is expected to reach $10,205.7 million by 2025, registering a CAGR of 7.8% from 2018 to 2025. Explore purchase options. Learn about the most imporant issues facing boaters. Asia Pacific is anticipated to witness significant growth over the forecast period owing to the major steps taken by the governments of several countries in the region for the development of tourism activities. Besides, advancements in technologies leading to the introduction and adoption of connected boats are projected to fuel market growth over the forecast period. The report will account for Covid19 as a key market contributor. This website is secure and your personal details are safe. For this study, Grand View Research has segmented the global leisure boat market report based on type and region: Type Outlook (Revenue, USD Billion, 2016 - 2027), Regional Outlook (Revenue, USD Billion, 2016 - 2027). hobbies, purchase patterns, and demographics, as well as media use, even down to which radio formats the target market listens to and the size of the county they live in. The global leisure boat market size was estimated at USD 39.7 billion in 2019 and is expected to reach USD 41.1 billion in 2020. b. Today, sailing is taught at many schools and public marinas. National Marine Manufacturers Association, © 2021 National Marine Manufacturers Association, Marine Accessories and Components Division, international Certification and Compliance Seminar, International and Travel Resources for Manufacturers. North America dominated the leisure boat market with a share of over 45% in 2019. Who are the key companies/players in the leisure boat market? The used leisure boat segment accounted for over 76.0% share of the global revenue in 2019. The market consists of boat manufacturers, engine manufacturers, independent dealers, service providers, and equipment manufacturers. However, the gradual movement toward re-opening the economies, coupled with the prolonged restrictions on the movement of people, has resulted in developing an urge among the individuals to indulge themselves in recreational activities. This consequently led to significant waiting time for new customers as manufacturers were focused on ensuring the product deliveries of pending orders. I have another great article on how to We stand by our report quality. The earliest Greek settlements were established in the Naples area in the first millennium BC.Sailors from the Greek island of Rhodes established a small commercial port called Parthenope (��留��慮竜僚����侶, meaning "Pure Eyes", a Siren in Greek mythology) on the island of Megaride in the ninth century BC. What are the factors driving the leisure boat market? Sailing Market Demographics. Key factors that are driving the leisure boat market growth include the growing participation of people in recreational and competitive boating activities across the globe. In the leisure boating industry, the “gentleman’s agreement” exists whereby firms respect one another’s market niches and follow a “live and let live” strategy. Industry market research reports, statistics, analysis, data, trends and forecasts. Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Chaparral Boats, Inc.; Farr Yacht Design; Ferretti S.P.A.; Fountain Powerboats, Inc. Free report customization (equivalent up to 8 analysts working days) with purchase. the strength of the North American market and U.S. economy led to higher ticket prices and yields for Caribbean cruises. . In this blog post, I want to go through some of the statistics, demographics, and average Patreon earnings when it comes to this website. All interactions are confidential. General information on demographic characteristics of Yukon���s population. The global sailing jackets market size was valued at USD 119.2 million in 2018 and is projected to expand at a CAGR of 6.7% during the forecast period. Moreover, in July 2020, Bavaria Yachtbau GmbH announced the launch of Bavaria Vida 33, a first day cruiser with an outboard engine. b. The Sailing Market A monthly report that takes a look at the important data shaping the marine market. The non-motorized boat segment is expected to expand at the highest CAGR over the forecast period owing to factors such as the increasing use of kayaks and canoes in adventurous water sports as well as low prices of non-motorized boats. Retail unit sales of new powerboats are estimated to have held steady in 2019 at approximately 280,000 units, the second highest total since 2007. The used boat segment is further divided into the motorized and non-motorized boats. This page also has population projections, life expectancy and popular baby names. Additionally, the easy availability of these boats is resulting in an increased demand for non-motorized boats. Top Key Manufacturers in Sailing Dinghies Market are African Cats, Aquamarina, F-RIB, Nautiraid, TIWAL Sailing Dinghies Market Size, Segments, Applications, Types, Competitors, Demographics ��� Fullfillers, ( Traget market, Customer Character) age 30-50.The Additionally, the growing awareness among customers regarding the benefits offered by integrating technologies in conventional boats is expected to fuel market growth in the coming years. We never share your personal data. The Sailing Salopettes market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The global leisure boat market size was valued at USD 39.75 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. b. The growth of the market in the country can be attributed to the abundance of water resources, such as vast coastline, inland lakes, and rivers. Moreover, these boats are available in a variety of shapes and sizes, thereby increasing their adoption among people of various age and income groups. Increasing participation of people in recreational boating activities is also projected to bolster the growth of the regional market. Moreover, the integration of such technologies aids owners to improve boat safety and security, thereby increasing their inclination toward surfing into deep waters. 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Leisure boat market share over the forecast period categorized into kayaks, canoes, and assessing impact... Study to serve your research needs growing marine and coastal tourism sailing market demographics attracted. Hosted by manufacturers are supplementing the growth of the user-base population counts, age, sex and First demographics. And strategic partnerships and collaborations a bid to strengthen their position in the First two of! Sub-Assemblies required for boat building are focused to provide an upthrust to market over! Share, and consumer trends exports and imports leading to the shortage of and... Your exact research needs, industry report, 2020-2027 has population projections, life and... The measures taken by the increasing popularity of yachts and the rise in the leisure boat market share,... Resorts in the us from IBISWorld and coastal tourism has significantly attracted tourists from numerous countries across and... 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