According to a recent market study published by Growth Market Reports, titled, “Global Marine Leisure Market by Activity Type, by End User and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 31,570.0 Million in 2021 and is expected to grow at a growth rate of 15.4% by the year 2030.

Marine leisure is an umbrella term for water sports activities. These activities include kayaking, sailing, snorkeling, and scuba diving among others. Marine leisure is increasing in popularity, as it offers health and fitness, recreation, and is a part of many social events. Many domestic and international tourists spend their leisure time in water sports activities. Developing countries such as India, Indonesia, Thailand, Costa Rica, Barbados and others are focusing on increasing coastal tourism by encouraging various watersports activities and social events which can invite people from different parts of the world and enjoy their leisure time. Marine leisure activities facilities have been developed on an ad HOC basis, as an add-on to commercial port or fisheries harbor extension/upgrade projects. In the future, an integrated approach to infrastructure development needs to be used whenever possible to maximize the impact on investments in infrastructure and facilities.

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The Marine Leisure Market has been fragmented based on by Activity Type, by End User. By Activity Type, the Global Marine Leisure Market is categorized sailing, surfing & wind surfing, white-water rafting, kayaking, scuba-diving, snorkeling, and others. In terms of end user, the market is categorized as oversea tourist, domestic tourist and local residential population for sports & recreation. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a high impact on the industry due to the simultaneous restriction in travel and tourism. The COVID-19 pandemic caused a slight slowdown in market expansion. Tourism is one of the most affected industries during the pandemic, affecting economies, livelihoods, public infrastructure, and opportunities across all continents. Every part of its huge value chain has been affected. Strict social distancing, short term travel bans, and extreme quarantine measures such as complete lockdowns have resulted in economic losses. Growing investments by governments and big players in the development of the tourism industry to overcome the crisis and increasing popularity of adventurous activities among the peoples are expected to boost the marine leisure market.

As per growth market reports industry analyst Twinkle Patel, “The expanding tourism and water sports industry is expected to contribute to the growth of the Global Marine Leisure Market. Marine Leisure are is all the water sport activities undertaken by people for leisure and recreations. These activities provide a sense of thrill and adventure.

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Marine Leisure is a service market therefore the companies provide services to the end user such a service provides kayaks to people who are interested in kayaking.

Key Takeaways from the Study

  • The players in the Marine Leisure Market includes Lake Lure Adventure Company, GRG'S ADVENTURE KAYAKING, American Canoe Adventures, Adventure North Wales, CONTOOCOOK RIVER CANOE COMPANY, Jak Water Sports, Lost Earth Adventures, Adventure Unbound, Neptune's cherai water sports, Adventure Tours UK, Peconic Water Sports LLC, Paddle Asia Co., Ltd, and River Runners Incorporated. Lake Lure Adventure Company held a major market share of the Marine Leisure Market in the year 2021.
  • Increasing international tourism around the world, sustainable coastal tourism as marine leisure activities provide various options through which people can explore the natures goodness with different essence and thrilling views. Furthermore, marine leisure activities provide health benefits, and are ease of convenience for people to is expected to drive the global Marine Leisure Market.
  • In terms of activity type, the market is segmented into, categorized sailing, surfing & wind surfing, white-water rafting, kayaking, scuba-diving, snorkeling, and others. The sailing segment is expected to expand at a significant rate during the forecast period.  Sailing is a sport activity, which improves flexibility and agility. Pulling lines, moving around, and staying stable on a moving boat help to enhance the hand-eye coordination and motor abilities. It also helps to reduce hypertension.
  • Based on the basis of end-users, the global marine leisure market is segmented into oversea tourist, domestic tourist, and local residential population for sports & recreation. The oversea tourist segment is projected to expand at a significant rate during the forecast period, owing to the increase in tourism for experiencing cultures and traditions, and promote adventure activities in different countries. Furthermore, globalization has played a major role in increasing international tourisms. Countries rely on domestic tourism as a tool to improving standard of living as it provide employments, generate employment, improve infrastructure and drive economic growth.
  • In terms of regions, the Global Marine Leisure Markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to account for a significant share of the global market during the forecast period. The growth in the region is growing owing to the increasing demand for marine leisure activities and tourism in the region. Moreover, many government policies and local residents are focusing in promoting coastal tourism in their countries. Common activities to do in Asia are Windsurfing in Indonesia, Wakeboarding in Singapore, and River rafting in India

Report Scope

Report Metric

Details

Market Value in 2021

US$ 31,570.0 Million

Market Growth Rate (from 2020 to 2030)

15.4 %

Historical Data

2015 – 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Activity Type, By End User and by region

Key Companies Profiled

Lake Lure Adventure Company, GRG'S ADVENTURE KAYAKING, American Canoe Adventures, Adventure North Wales, CONTOOCOOK RIVER CANOE COMPANY, Jak Water Sports, Lost Earth Adventures, Adventure Unbound, Neptune's cherai water sports, Adventure Tours UK, Peconic Water Sports LLC, Paddle Asia Co., Ltd, and River Runners Incorporated.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer and distributors.
  • Demand Side: Chemical Industry, Pharmaceutical industry,
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies:  CISA, US EPA, REACH.