Global Leisure Boat Market Analysis and Forecasts 2020-2027, by Type, Region and Segment
December 31, 2020 07:08 ET
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Research and Markets
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The global leisure boat market size is expected to reach USD 55.27 billion by 2027. It is expected to expand at a CAGR of 4.1% from 2020 to 2027. The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market. Although the ongoing Covid-19 pandemic has proved to be a major hindrance for the market, the gradual re-opening of the economies and upliftment of restrictions is paving the way to bring the market back on track. Besides, the growing urge among masses to involve in leisure activities in the post-lockdown period further presents bright opportunities for the market over the forecast period.