Global Marine Leisure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Marine Leisure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

More and more people are spending their leisure time at the coast, or at sea. Marine Leisure product include leisure boat, swimming rings, toys, surfing equipment and accessories, diving equipment and accessories, etc.

Market Overview:

The latest research study on the global Marine Leisure market finds that the global Marine Leisure market reached a value of USD 34278.9 million in 2022. It’s expected that the market will achieve USD 43543.16 million by 2028, exhibiting a CAGR of 4.07% during the forecast period.

Influence of COVID-19 Outbreak on Marine Leisure Industry Development

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Marine Leisure industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Marine Leisure Market Challenges

With the extensive use of natural resources, a large number of reports on negative impacts on the earth and communities, and information provided by social media and mobile applications, consumers' understanding and awareness of sustainable development issues are constantly increasing. The enhancement of consumers' awareness leads to the increased demand for product sustainability. For example, the engine room and layout of superyachts should meet the new IMO Tier lll regulations. And the consumption of energy and fuel, the reuse of heat and water, and the choice of materials that won't harm workers or the environment are all important topics today. The problem of sustainable development will challenge Marine Leisure industry.

As greenhouse gases absorb more energy from the sun, the ocean absorbs more heat, which leads to the rise of sea surface temperature and sea level. The change of ocean temperature and ocean current caused by climate change will lead to the change of climate patterns around the world. For example, warm waters may promote the development of stronger storms in tropical areas, which may lead to property damage and loss of life. Impacts related to sea level rise and stronger storm surges are particularly relevant to coastal communities. Climate change will affect the development of marine leisure industry.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Beneteau Group is one of the major players operating in the Marine Leisure market, holding a share of 3.58% in 2022.

Beneteau Group is a worldwide market leader for boats and a European one for leisure homes. With its international production capacities and global sales networks, the Group employs 8,300 people in France, the US, Poland, Italy and China.

Azimut Benetti Group is the largest network producing megayachts and the world's leading private group in the luxury yachting industry.

The Company operates in 68 countries with a network of 138 sales and assistance offices.

The Group consists of Azimut Yachts and Benetti, each of which is dedicated to a different segment of the market. Yachtique is also part of the Group.

The services of this division are reserved exclusively for boat owners and includes Fraser Yachts, specialists in brokerage and chartering.

Segmentation Overview:

Among different product types, Leisure Boat segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Adult segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Marine Leisure market covered in Chapter 3:

Lürssen
Yamaha Motor Company Limited
Beneteau Group
Azimut Benetti Group
Johnson Outdoors Inc.
Sunseeker
Boardriders
Bavaria Yachtbau GmbH
White River Marine Group
Aqua Lung International
Ferretti S.P.A.
Rip Curl. Ltd.
Princess Yachts
MasterCraft Boat Hldgs
Brunswick Corporation
Amels|Damen
Sanlorenzo
Iconic Marine Group
Marine Products Corporation
Bombardier Recreational Products (BRP) Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Marine Leisure market from 2018 to 2029 is primarily split into:

Leisure Boat
Swimming Ring
Toys
Surfing Equipment and Accessories
Diving Equipment and Accessories
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Marine Leisure market from 2018 to 2029 covers:

Underage
Adult

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)