The Middle East leisure boats market is expected to grow to US$ 2,947.1 million by 2027 from US$ 1,840.0 million in 2017, growing at a CAGR of 4.9%.
The rise in the popularity of several exciting and extreme destinations around the globe have significantly influenced the growth of leisure boats, and the trend is expected to persist in the coming years. The hastily increasing urban population and propelling buyer confidence in the yacht industry is yet another factor pushing the demand for leisure boats globally. Moreover, the Middle East is currently under the development stage of the market, and therefore all the government and other associated initiatives are expected to have a relatively higher influence on the leisure boats market.
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Germany dominates the . The growing focus toward health-promoting food products is one of the key factors that is boosting the Leisure Boats market. The presence of several manufacturers such as ChengDa PharmaCeuticals Co., Ltd, Maxsun Industries Incorporated, Alpsure Lifesciences Pvt. Ltd, Lonza Group Ltd, Northeast Pharmaceutical Group Co. Ltd, Merck KGaA, and Biosint S.p.A., has bolstered the growth of the European Leisure Boats market. Also, the consumer demand for healthy and nutritious products, without any compromise on taste, is expected to propel the Leisure Boats market in the region.
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NORTH AMERICA LEISURE BOATSMARKET SEGMENTATION
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