The global leisure market is composed of several industries. The primary goal of the sector is to meet the growing demand for recreational activities and experiences in the world. This industry is characterized by the high demand for cultural activities, sports, and entertainment. It also includes products, services, and facilities for sports, betting, and gaming. The global leisure market is estimated to grow at a CAGR of 6.7% from 2015 to 2021. During this time period, the global leisure market is expected to grow at a CAGR of 9.8%.
The Global Leisure Market Report provides an in-depth analysis of global trends, development, marketing channels, and investment feasibility. The report focuses on global major industry players. The research includes their company profiles, product picture, and capacities. The report includes a downstream demand analysis. It provides guidance on emerging industries and new investment opportunities. The report covers all segments of the leisure market. It provides a comprehensive analysis of the global industry, its trends, and competitive landscape.
The growth of water leisure activities is anticipated in the coming years. It is a popular activity among all age groups, from young children to senior citizens. Increasing water locations and facilities are fueling the growth of the water leisure industry. With this demand, vendors are aiming to increase comfort levels and develop innovative products to make their customers happy. But negative weather conditions and other factors will also affect the leisure boating industry. So, it is imperative for the industry to consider the effects of adverse weather conditions on its growth and profitability.
As a result, the growth in the leisure market is expected to remain steady or even increase over the next few years. This industry caters to all age groups and includes both younger and older people. The growing consumer base has led to a large increase in water leisure facilities and locations, and this in turn has led to a strong demand for water leisure products. The industry is constantly evolving, and vendors are working hard to increase their comfort levels and develop new products to satisfy consumers’ needs.
The slow world economy has had a negative impact on the leisure industry. However, the market is expected to continue growing at a reasonable rate. By 2026, the global leisure industry will reach $97 billion. By 2025, motorboats are expected to represent 75% of the industry. In addition, adverse weather conditions may affect the leisure boating industry. There is a high demand for sailing and other recreational activities. The global recreational boating industry has been steadily growing.
The global leisure market is split into several distinct segments. The digital sector is the largest, and is divided into categories based on location and type of product. The interactive and digital segments of the market are complementary and seek to multiply synergies. But this differentiation also drains advertising budgets, which make the leisure industry a more specialized industry. The report contains the latest data and forecasts to guide the business. For example, the global recreational boating industry has increased by nearly 30% in the last five years.
The leisure industry is divided into various segments. There are many types of leisure. They are divided into cultural, interactive, and digital. The three sectors work together to create a diverse range of products. Throughout the report, the authors identify the different segments of the market and their respective characteristics. They also offer insights into how to reach these segments. They offer over 2,000 links to websites and information. The study is designed for all sectors of the industry, from small local businesses to large multinational corporations.
The global leisure industry is split into segments based on the type of product. The digital and interactive sectors provide entertainment for the family. The leisure industry also offers a variety of products. This segmentation enables it to cater to a diverse audience. The digital sector is the fastest-growing segment of the leisure industry, accounting for about 80% of the total market size. It is a highly competitive market, and competition between companies is fierce.
The global leisure market is further segmented based on the type of boat. Non-motorized boats and super yachts are the largest leisure markets in the world. Other types of boats are popular for recreational purposes. Then, the monitoring equipments are used to monitor and maintain them. These devices include IoT sensors, voltage meters, and temperature & motion sensors. Further, telematics solutions are becoming more popular. The overall global leisure market is expected to reach $1.1 billion by 2025.