PUBLISHER: The Business Research Company | PRODUCT CODE: 1672623
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672623
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 $6.35 billion in 2024 to $6.5 billion in 2025 at a compound annual growth rate (CAGR) of 2.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in disposable income, increase in spending on recreational activities, and a rise in leisure trips.
The sailboat market size is expected to see steady growth in the next few years. It will grow to $7.68 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rising government support, rapid urbanization, a growing population, the increasing number of water sporting events and boat shows, the increasing use of social media, and the increasing number of high-net-worth individuals. Major trends in the forecast period include use of artificial intelligence (ai) for advanced navigation, new product developments for higher performance in strong winds, strategic collaborations and acquisitions to improve product portfolio, development of solar and wind powered boats, and focus on integrating sustainable materials in boat manufacturing.
The rising popularity of marine activities is anticipated to drive the growth of the sailboat market. Marine activities serve as key contributors to economic development, offering access to natural resources, trade, transportation, and recreational opportunities, all of which are expected to expand in the future. As a result of this growth in marine activities, there is a rising demand for sailboats for both commercial and leisure purposes, as they enhance aquatic operations while reducing fuel and power costs. For instance, in June 2024, the Bureau of Economic Analysis, a U.S.-based government agency, reported that in 2022, the marine economy contributed $476.2 billion, or 1.8% of the U.S. gross domestic product (GDP), an increase from $424.2 billion in 2021, representing 1.7% or $776.9 billion of gross output. Therefore, the increase in marine activities is expected to boost the demand for sailboats during the forecast period.
The rising number of water sports events and boat shows is expected to further stimulate the growth of the sailboat market. Events such as sailing regattas, races, and championships provide platforms for showcasing sailboats to a broad and engaged audience. These gatherings attract participants, spectators, sponsors, and media attention, all of which contribute to promoting sailboats and the sailing lifestyle. For instance, in November 2023, the Bureau of Economic Analysis, under the U.S. Department of Commerce, reported that boating and fishing activities reached an estimated $60.86 billion in 2022, an increase from $58.48 billion in 2021. Thus, the growing number of water sports events and boat shows is expected to drive 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 include Groupe Beneteau, Jeanneau, HanseYachts AG, Bavaria Yachtbau GmbH., Catalina Yachts, Fountaine Pajot, Dufour Yachts, Nautor's Swan, Island Packet, Seawind Catamarans, FarEast Boats, Hylas Yachts, Ocean Dream Sailboats (Qingdao) Co., Ltd., Hartley Boats Ltd, Van de Stadt Design, RS Sailing, Elan Yachts, Wally, Morris Yachts, J/Boats, Hunter, Hinckley, Pacific Seacraft, Cal Yachts, Touchstone Boat Builders, Sayer Yachts, Schaefer Yachts, Delta Yachts, MCP Yachts, Knysna Yacht Company, Voyage Yachts
North America was the largest region in the sailboat market in 2024. 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 2025 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.
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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.