Sailboat Market to Grow by $811.18 Million into 2027

05-09-23

The sailboat market is estimated to grow at a CAGR of 2.38% between 2022 and 2027. The market size is forecasted to increase by USD 811.18 million, according to Technavio - The increase in recreational tourism is a key factor driving market growth. Recreational boating, the hobby of individual boating enthusiasts, has increased their engagement with marina and charter services. The US and Canada are the main markets for sailboats in North America.

Boating is a major recreational activity in the US. Furthermore, the expanding economy, growing consumer confidence, and technological advances by sailboat manufacturers are driving the US sailboat market. Manufacturers and stakeholders hold boat shows in every state and use them to showcase their latest products. Hence, the increasing recreational tourism is expected to drive market growth during the forecast period.