The global leisure boat market is expected to witness significant growth over the projected period owing to surges in demand for leisure boat and other recreational activities. The growth of recreational and tourism activities is on a rise owing to high promotion of tourist places. This consecutively is expected to impel market growth. The boating industry is considered to be a highly dynamic and competitive sector. It contributes largely to the overall tourism sector. The leisure boat market comprises trade & services providers and boat, engine, and equipment manufacturers. The market is driven by rising urban population and high net worth population. Globally improving economic conditions, improving disposable incomes, and escalating GDP levels are the key factors that have accelerated market growth. High participation in leisure boat activities is expected to drive market growth. In addition, a remarkable increase in inbound and domestic tourists has impelled growth in this market.
http://www.grandviewresearch.com/industry-analysis/global-leisure-boat-market
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