Sailboat Global Market Report 2024

A sailboat is a watercraft propelled forward by wind power. Unsuch as powerboats, sailboats typically have smaller engines, occupying less space, and resulting in reduced maintenance and fuel costs. Sailboats are commonly used for weekend outings or extended cruises.

The main types of sailboats are monohull and multi-hull. A monohull refers to a watercraft or sailing vessel with a single hull, in contrast to multiple hulls as seen in catamarans or trimarans. Sailboats come in various lengths, categorized as up to 20 ft, 20-50 ft, and above 50 ft. They are utilized for recreational sailing, racing, and sail training.

The sailboat market research report is one of a series of new reports from The Business Research Company that provides sailboat market statistics, including sailboat industry global market size, regional shares, competitors with a sailboat market share, detailed sailboat market segments, market trends and opportunities, and any further data you may need to thrive in the sailboat industry. This sailboat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sailboat market size has grown steadily in recent years. It will grow from $6.25 billion in 2023 to $6.44 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The expansion observed during the historical period can be attributed to robust economic growth in emerging markets, an increase in disposable income, a rise in spending on recreational activities, and an uptick in leisure trips.

The sailboat market size is expected to see steady growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The anticipated growth in the forecast period can be attributed to rising government support, rapid urbanization, a growing population, an increasing number of water sporting events and boat shows, the growing influence of social media, and a rise in the number of high-net-worth individuals showing interest in boating. Key trends expected during the forecast period include the use of artificial intelligence (AI) for advanced navigation, new product developments aimed at achieving higher performance in strong winds, strategic collaborations and acquisitions to enhance product portfolios, the development of solar- and wind-powered boats, and a focus on integrating sustainable materials in boat manufacturing.

The surge in the popularity of marine activities is anticipated to drive the sailboat market. These activities, acting as catalysts for economic growth, encompass a spectrum of functions from providing natural resources and facilitating trade to offering recreational opportunities. The optimistic outlook for future growth in marine activities is contributing to the demand for sailboats, both for commercial and leisure purposes. Sailboats are favored for their efficient aquatic performance, entailing lower fuel and power costs. As per the UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT, maritime trade and transport experienced a notable 4.3% increase in 2021 compared to the previous year. Consequently, the heightened interest in marine activities is poised to elevate the demand for sailboats in the forecast period.

The rising number of water sporting events and boat shows is set to further propel the growth of the sailboat market. Events such as sailing regattas, races, and championships provide a prominent platform for showcasing sailboats to a broad and engaged audience. These occasions attract participants, spectators, sponsors, and media coverage, collectively serving as effective promotional avenues for sailboats and the sailing lifestyle. According to the Watersports Participation Survey in the UK, approximately 13.2 million adults participated in boating activities in 2022, marking a 3% increase from the 2021 figure of 12.8 million participants. Out of this total, over 10 million individuals engaged in boating activities at least once or twice during the year, while approximately 3.2 million participated more regularly, three times or more. Thus, the growing prominence of water sporting events and boat shows is expected to be a driving force behind the global sailboat market.

A prominent trend in the sailboats market is the emphasis on product innovations. The industry is witnessing the integration of new technologies, such as adopting a form-follows-function approach, to enhance operational performance and safety features of sailboats. This approach focuses on meeting technical requirements to achieve optimal performance by minimizing drag and maximizing propulsion, thereby ensuring perfect gliding properties. For example, Aeolos Composites, a UAE-based high-performance yacht designer and producer, launched the Aeolos P30 in January 2022. This conventional series yacht incorporates a twin rudder system and a single rudder system in its design, specifically catering to sailing in strong winds.

Sailboat manufacturers are increasingly harnessing the power of artificial intelligence (AI) to optimize sailboat performance, bolster safety measures, and enhance decision-making capabilities. AI algorithms and machine learning techniques are being applied to various facets of sailing, encompassing hull and sail design, steering optimization, tactics, and weather prediction. SEA.AI, an Austria-based company specializing in marine applications of machine vision and AI, introduced the OSCAR System in August 2022. This navigation equipment combines AI with thermal and low-light cameras to enhance offshore cruising safety. The system utilizes FLIR thermal imaging technology to detect and avoid floating objects that may be challenging to discern. OSCAR's embedded RGB and FLIR thermal camera system, coupled with AI-driven vision and data analyzing algorithms, aids sailors in collision avoidance by identifying and assessing potential risks.

In October 2022, Zodiac Milpro, a France-based manufacturer of inflatable and rigid-hull inflatable boats, acquired Yachtwerft Meyer GmbH, a Germany-based yacht and boat manufacturing company. This acquisition aligns with Zodiac Milpro's strategy, offering complementary technological capabilities and manufacturing capacity to expedite expansion in Germany and Eastern Europe.

Major companies operating in the sailboat market report are Groupe Beneteau, Ferretti S.p.A., Jeanneau, HanseYachts AG, Bavaria Yachtbau GmbH., Catalina Yachts, Fountaine Pajot, Dufour Yachts, Nautor's Swan, Island Packet, Seawind Catamarans, Donghae Shipbuilding Co, Ltd., Ketaki Craft Private Limited, FarEast Boats, Hylas Yachts, Qingdao Dookyu Crown Marine Co., Ltd., Ocean Dream Sailboats (Qingdao) Co., Ltd., Hartley Boats Ltd., Van de Stadt Design, RS Sailing, Gingerboats Racing Ltd., Luna Rossa, Elan Yachts, Wally, Morris Yachts, J/Boats, Hunter, Hinckley, Pacific Seacraft, Sea Ray, Quicksilver, Cal Yachts, Sterling Yachts, Pro Boat, Touchstone Boat Builders, Sayer Yachts, Inace Yacht Division, Schaefer Yachts, Fibrafort, Delta Yachts, MCP Yachts, MultiGlass, Lenzi Yachts, Flexboat, Magellan Abu Dhabi Marine Equipment, Sindbad Marine LLC, Al Suwaidi Marine, Royal Captain Boats, Yacht Manufacturing and Advanced Fiberglass Industries, Robertson and Caine, Knysna Yacht Company, Voyage Yachts

North America was the largest region in the sailboat market in 2023. The regions covered in the sailboat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the sailboat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The sailboat market consists of sales of cruising sailboat, daysailer, motorsailer, racer-cruiser, racing sailboats and sailing dinghies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Sailboat Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sailboat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for sailboat? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sailboat market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Hull Type: Monohull; Multi-Hull
• 2) By Length: Up To 20 ft; 20-50 ft; Above 50 ft
• 3) By Application: Recreation; Racing; Sail Training
• Companies Mentioned: Groupe Beneteau; Ferretti S.p.A.; Jeanneau; HanseYachts AG; Bavaria Yachtbau GmbH.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.