Leisure boat engines are internal combustion engines used to power leisure boats (also known as pleasure crafts) such as power boats and yachts. The engine is a primary system for any self-propelled boat. Leisure boat engines may be powered by gasoline, diesel, or other alternative fuels. Each type of fuel offers a specific advantage over another, depending upon the applications and boat type. Leisure boats are widely popular for family outings, personal use, fishing, and recreational sports. These boats are usually used in and around lakes, bay areas, local rivers, and other water bodies.
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Market forecast of leisure boat engine
1. Leisure boat engines are internal combustion engines used to power leisure boats (also known as
pleasure crafts) such as power boats and yachts. The engine is a primary system for any self-
propelled boat. Leisure boat engines may be powered by gasoline, diesel, or other alternative fuels.
Each type of fuel offers a specific advantage over another, depending upon the applications and boat
type. Leisure boats engines market are widely popular for family outings, personal use, fishing, and
recreational sports. These boats are usually used in and around lakes, bay areas, local rivers, and
other water bodies.
Advancement in technology, rise in public spending, increase in disposable income, growth in
economies, and expansion in the tourism industry are expected to propel the demand for leisure
boats, thus directly creating substantial opportunities for leisure and recreational boat engine
manufacturers. Furthermore, the rise in usage of leisure boats for offshore fishing activities, family
outings, and adventure boating is anticipated to boost the demand for leisure boat engines.
However, implementation of stringent regulations on emissions and pollutants, which emanate from
these engines, is hampering the market. Furthermore, safety is another key factor that influences
the market dynamics. Fuel storage and handling on board is also of major concern. Thus, renewable
alternatives such as hybrids are in the development phase.
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Based on the boat type, the leisure boat engine market can be segmented into powerboats, power
yachts, sailboats, and other motorized leisure boats. The powerboats segments is anticipated to
account for substantial share, especially in coastal regions of the U.S. and Europe. In terms of fuel
type, the market can be divided into gasoline, diesel, and other fuels. The gasoline variant is largely
used is smaller sized boats, while diesel is preferred in larger boats. Based on the position of engine,
the leisure boat engine market can be bifurcated into inboard engine and outboard engine.
Outboard engine is widely used as it is easy to steer. It can also be completely lifted out of water
when not in use. Based on the engine power output, the leisure boat engine market can be classified
into up to 30 HP, 30 to 60 HP, 60 to 150 HP, and 150 HP & above. In terms of volume i.e. number of
units, the up to 30 HP segment is anticipated to hold substantial market share; however, in terms of
revenue, the other segments are anticipated to offer better growth opportunities in the global
market.
In terms of geography, the global leisure boat engine market can be classified into Asia Pacific,
Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the
major markets for leisure boat engine, led by the presence of key leisure boat manufacturers such as
Bayliner, Brunswick Boat Group, and Everglades Boats. Asia Pacific is also a prominent region of the
leisure boat engine market owing to the rise in disposal income and spending, which has led to the
production of new leisure boats in the region. Demand for leisure boats in tourist destinations of the
world such as Dubai, Thailand, Australia, and South Africa is anticipated to increase significantly in
the near future.
Major players operating in the global leisure boat engine market include Brunswick Corporation,
Yanmar, Volvo Penta, PCM Engines, Cummins, Barrus, and Caterpillar. These companies hold
significant share of the leisure boat engine market. Thus, the leisure boat engine market is highly
consolidated and experiences intense competition.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the global market by
breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
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