The leisure boat industry was hit hard during global recession as demand in major overseas markets such as the US and Europe was impacted by economic slowdown. The United States and Europe are the principle regions for the leisure oat market, which collectively represent a significant share of the global leisure boat trade statistics. Though these markets are on the verge of maturity, there still lies a tremendous growth opportunity in these markets.
Specifically, in terms of adult participation, production units, and increased revenues, the leisure boat industry performed on a noteworthy scale over the past 10 years. In addition, factors like increasing participation in the boating activity, rising income and population of Hon., ameliorating global economy, ardent tourism industry and Increasing urban population are further fueling the growth of leisure boat industry.
Despite the existence of various growth drivers, there are certain challenges faced by the industry including environmental concerns, impacts of adverse weather conditions like floods, drought, unreasonably hot or cold weather, shortage of boat moorings and contention from other leisure activity sources which can potentially hinder the growth of the industry. All Latest Market Research Report @ http://www. Researchers. Us/latest-report. HTML The report, "Global Leisure Boat Market" prudently analyzes the development of the captive market, with a focus on regions Including the US, ELK, Italy and Australia.