Posted 3/6/2024, 2:40:00 PM
Leisure Boats Market Size to Exceed $82 Billion by 2032 amid Rising Disposable Incomes and Boating Culture
- Leisure boats market size to surpass $82.7 billion by 2032 with cruisers and non-motorized boats seeing decent growth
- Increasing number of leisure boating events and economic prosperity driving market demand
- Europe to see robust growth due to extensive coastline, lakes, rivers, and strong boating culture
- Leading companies like Sanlorenzo, Malibu Boats, HanseYachts actively pursuing R&D and strategic partnerships
- Integration of technologies and rising tourism expanding industry in North America, Asia Pacific, Latin America and MEA