Rising Disposable Incomes and Tourism Give Fresh Impetus to Global Leisure Boat Market

Published Date : May 02, 2016

Albany, New York, May 02, 2016 – MarketResearchReports.biz has recently added a new research report to its ever-increasing repository. The research report, titled “Global Leisure Boat Market Report: 2016 Edition,” analyzes the complex web of trends and dynamics shaping the future of global leisure boat market. The researchers have used Porter’s five forces reports to highlight the threat of new entrants, the bargaining power of customers, the bargaining power of suppliers, the intensity of competitive rivalry, and the threat of substitute products or services. Furthermore, it also assesses the market using SWOT reports to determine the strengths, weaknesses, opportunities, and threats influencing the segments of this market. The thorough segmentation allows readers to understand the market drivers and restraints specific to the segments of the global leisure boat market.

A leisure boat is a recreational vessel that caters to various classes of people. It is essentially a motorboat with an attached cabin and other amenities that make it a livable space. Leisure boats are primarily used for holidaying on water bodies such as canals, lakes, backwaters, rivers, or waterways. The recession of 2009 severely impacted the leisure boating industry. However, as economies are reviving from the recession, the global leisure boat market is slowly gaining momentum.

Geographically, Europe and North America are the biggest shareholders in the global leisure boat market in terms of both consumers and producers. Croatia, Belgium, Czech Republic, and Germany are leading the European region, whereas the U.S. holds a significant share in the North American recreational boat market. According to research analysts, the recreational boating market is anticipated to grow at a faster pace in Europe in comparison to North America in the near future.

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The factors supporting the growth of the global leisure boat market in these regions are the burgeoning industrial sectors and the rising GDP levels. Additionally, a sudden spurt in tourism due to improving disposable incomes and rising interest amongst adults to be a part of recreational activities is boosting the global leisure boat market. Furthermore, dropping prices of fuel are also likely to augment this market in the coming years.

The growth drivers defining this market are stymied by challenges such as growing environmental concerns, increasing consumption of fuel that is leading to calamities such as adverse weather conditions, floods, drought, and unreasonably hot or cold weather. As all of this is culminating into a shortage of boat moorings, the industry is witnessing strong contention from other leisure activities, which is adversely impacting the market.

Some of the top players operating in the global leisure boat market are Marine Products Corporation, Malibu Boats, Inc., and Brunswick Corporation. The researchers have profiled these players and provided a complete reports of the competitive landscape of the global leisure boat market. Furthermore, the report also presents an assessment of financial overview, investment outlook, business and marketing strategies, expansion plans, and strategic mergers and acquisitions of these key players in the global leisure boat market.

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