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Leisure boat market: Leading players include Beneteau SA, Brunswick Corporation and Marine Products Corporation
Global Leisure Boat Market Report: 2013 Edition - a new market research report on 2014-03-06 18:33:03
The global leisure boat market is a relatively consolidated industry with only a handful of large players in the market including Beneteau SA, Brunswick Corporation and Marine Products Corporation. The top players in this industry are all vying to capture market share.
The leisure boats industry represents only a small part of the global leisure industry. However, over the last ten years, in terms of aduly participation, production units and increased revenues from boat sales, the leisure boat market performed relatively strongly. The recessionary period during 2008 and 2009 impacted heavily on the leisure boat industry as income levels declines and people avoided extravagant, big purchase items. The largest regions for the leisure boat market are United States and Europe and so the recession and uncertainty of the economic fortunes of these developed markets impacted heavily on the sales of leisure boats.
This report offers a comprehensive analysis of the global leisure boat market with focus on regions like the US, the UK, Italy, China and India. Furthermore, the ongoing trends of boat replacement cycle and innovations are discussed in depth. In addition, factors like increasing participation in the boating activity, rising income and population of HNIs, ameliorating global economy, better employment scenario, ardent tourism industry and increasing urban population which are fueling the growth of leisure boat industry are explained. Despite the existence of various growth drivers, there are certain challenges such as environmental concerns and contention from other leisure activity sources which can potentially hinder the growth of the respective industry.
A leisure boat is also known as pleasure craft or recreational boat. According to the Norwegian legislation, the leisure boats are defined as any floating device that is designed for and capable of moving in water with a maximum length of up to 24 meters, and is meant to be used for recreational or leisure activities. Generally it is a type of craft with (without) a cabin and plumbing and other amenities required for living on board. The very craft could be motorized or non-motorized depending upon the boat type.
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