“Smooth Sailing Ahead: Trends and Insights in the Leisure Boat Engine Industry (2022-2029)”


Leisure Boat Engine Market Overview: 

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “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.

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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.

Leisure Boat Engine Market Scope and Methodology

The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Leisure Boat Engine market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants.  The bottom-up approach was used in the report to estimate the Leisure Boat Engine Market.  The primary and secondary data sources were used to collect data.

Leisure Boat Engine Market Segmentation: 

by Fuel
1. Gasoline
2. Diesel

by Purpose
1. Personal
2. Fishing
3. Tourism

by Boat Type
1. Motor yacht
2. Powerboat
3. Sailboat

Petrol is predicted to increase with the highest CAGR among all fuel segments throughout the projection period. Petrol is one of the most widely used fuels nowadays. It is mostly used as fuel in internal combustion engines with spark ignition. Different grades of petrol have a variety of uses. The octane number is a statistic used to assess how well petrol performs. Utilising petrol 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 kilometres on a single tank of petrol. 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 preference of tourists for luxury travel, individualised service, and exclusive travel are the primary drivers of motor yacht sales. Manufacturers prioritise luxuries in order to offer customers products with higher performance levels. The procedures utilised 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.
Europe’s market is anticipated to expand significantly during the time of the projection.

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Leisure Boat Engine Market 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

For any Queries Linked with the Report, Ask an Analyst@ https://www.maximizemarketresearch.com/market-report/global-leisure-boat-engine-market/72756/ 

Leisure Boat Engine Market Regional Insights: 

The Leisure Boat Engine market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.

Key questions answered in the Leisure Boat Engine Market are:

  • What is Leisure Boat Engine?
  • What was the Leisure Boat Engine market size in 2022?
  • What are the different segments of the Leisure Boat Engine Market?
  • What growth strategies are the players considering to increase their presence in Leisure Boat Engine?
  • What are the upcoming industry applications and trends for the Leisure Boat Engine Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Leisure Boat Engine Market?
  • Who are the key players in the Leisure Boat Engine market?
  • What segments are covered in the Leisure Boat Engine Market?
  • Who are the leading companies and what are their portfolios in Leisure Boat Engine Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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