Powerboat Market Report: Trends, Forecast and Competitive Analysis to 2030

Powerboat Trends and Forecast

The future of the global powerboat market looks promising with opportunities in the watersports & cruising, and fishing markets. The global powerboat market is expected to reach an estimated $23.2 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing popularity of water sports, rising demand for luxury powerboats, and increasing disposable income and lifestyle.

A more than 150-page report is developed to help in your business decisions.

Powerboat by Segment

The study includes a forecast for the global powerboat by type, power, application, and region.

Powerboat Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Inboard Boats
• Outboard Boats
• Inflatable
• Sail Boats
• Personal Watercraft

Powerboat Market by Power [Shipment Analysis by Value from 2018 to 2030]:

• Engine Powered
• Man Powered
• Sail Propelled

Powerboat Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Watersports & Cruising
• Fishing
• Others

Powerboat Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Powerboat Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies powerboat companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the powerboat companies profiled in this report include-

• Groupe Beneteau
• Yamaha Motor
• Hobie Cat Company
• Brunswick Corporation
• Marine Products Corporation
• Polaris
• Sunseeker International
• Azimut Benetti
• Mastercraft Boat Holdings
• White River Marine

Powerboat Market Insights

Lucintel forecasts that engine powered is expected to witness highest growth over the forecast period as it is powered by internal combustion engines, which allow them to reach high speeds while ensuring due convenience and improved performance.

Within this market, watersports and cruising is expected to remain the largest segment as these powerboats provides a high level of comfort and performance.

North America will remain the largest region during the forecast period due to rising watersport activities like fishing and wakeboarding along with growing demand for luxury powerboats in the USA.

Features of the Global Powerboat Market

Market Size Estimates: Powerboat market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Powerboat market size by type, power, application, and region in terms of value ($B).

Regional Analysis: Powerboat market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, power, applications, and regions for the powerboat market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the powerboat market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the powerboat market size?

Answer: The global powerboat market is expected to reach an estimated $23.2 billion by 2030.

Q.2 What is the growth forecast for powerboat market?

Answer: The global powerboat market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the powerboat market?

Answer: The major drivers for this market are growing popularity of water sports, rising demand for luxury powerboats and increasing disposable income and lifestyle.

Q4. What are the major segments for powerboat market?

Answer: The future of the powerboat market looks promising with opportunities in the watersports & cruising, and fishing markets.

Q5. Who are the key powerboat market companies?

Answer: Some of the key powerboat companies are as follows:

• Groupe Beneteau
• Yamaha Motor
• Hobie Cat Company
• Brunswick Corporation
• Marine Products Corporation
• Polaris
• Sunseeker International
• Azimut Benetti
• Mastercraft Boat Holdings
• White River Marine

Q6. Which powerboat market segment will be the largest in future?

Answer: Lucintel forecasts that engine powered is expected to witness highest growth over the forecast period as it is powered by internal combustion engines, which allow them to reach high speeds while ensuring due convenience and improved performance.

Q7. In powerboat market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region during the forecast period due to rising watersport activities like fishing and wakeboarding along with growing demand for luxury powerboats in the USA.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the powerboat market by type (inboard boats, outboard boats, inflatable, sail boats, and personal watercraft), power (engine powered, man powered, and sail propelled), application (watersports & cruising, fishing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?