Leisure Boats Market Worth US$ 78.4 Billion by the end of 2032

The global leisure boats market is anticipated to reach a valuation of US$ 78.4 Billion by 2032, with sales growing at a moderate CAGR of 5.8% from 2022 to 2032. Valued at US$ 42.6 Billion in 2021, the target market will likely reach an estimated US$ 44.6 Billion by the end of 2022. Rising adoption of technologically advanced tools like IoT by market manufacturers coupled with growing popularity of electric boats will propel the growth of the leisure boats market during the forecast period.