Frequently Asked Questions
The COVID-19 pandemic has significantly affected the global leisure and defense powerboat market. The pandemic caused extensive lockdowns, travel restrictions, and economic uncertainty, resulting in a drop in demand for powerboats.
Which is the leading region of the market for leisure and defense power boats?
In 2022, North America held the largest revenue share of the global leisure and defense power boats market.
The main drivers for the growth of the leisure and defense power boats market are rising recreational boating demand, growing global defense and security investments, increasing adoption of advanced technologies and materials, and expanding the tourism and travel industry.
The above 500 HP segment had a major global market share in 2022.
The defense segment had a major share in the global market.