At 6.1% CAGR, Europe Boat Sails Market is Projected to be Worth US$ 308.38 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Europe boat sails market was valued at US$ 191.83 million in 2023 and is expected to reach US$ 308.38 million by 2031, registering a CAGR of 6.1% from 2023 to 2031. Increasing government investments in water tourism and growing demand for sustainable sailing materials are among the critical factors attributed to driving the Europe boat sails market growth.

The growing government investment in water tourism is expected to emerge as a significant opportunity for the global boat sails market, fueling both short-term and long-term growth prospects. As governments worldwide recognize the economic potential of marine and coastal tourism, they are increasing their investments in infrastructure, policy initiatives, and promotional efforts to stimulate growth in the sector. This heightened focus on water-based tourism is directly driving demand for recreational boats, including sailboats, thus creating a favorable environment for boat sails market expansion. Hence, government investments in water tourism are playing a pivotal role in offering lucrative growth opportunities for the global boat sails market. These efforts help raise the profile of boating activities, increase the number of tourists visiting key coastal and maritime locations, and, consequently, spur the demand for both boat sales and boat rental services.

On the contrary, high initial and ownership costs of boats hamper the growth of the Europe boat sails market.

By type, the Europe boat sails market is bifurcated into mainsail & headsail and downwind & lightwind sails. The mainsail & headsail held 59.4% share of Europe boat sails market share in 2023, amassing US$ 114.02 million. It is projected to garner US$ 185.96 million by 2031 to register 6.3% CAGR during 2023–2031.

By application, the Europe boat sails market is bifurcated into cruising and racing. The cruising held 62.3% share of Europe boat sails market share in 2023, amassing US$ 119.47 million. It is projected to garner US$ 194.02 million by 2031 to register 6.3% CAGR during 2023–2031.

Based on country, the Europe boat sails market is categorized into Germany, France, the UK, Russia, Italy, and the Rest of Europe. Our regional analysis states that the UK captured 20.7% share of Europe boat sails market in 2023. It was assessed at US$ 39.71 million in 2023 and is likely to hit US$ 67.69 million by 2031, registering a CAGR of 6.9% during 2023–2031.

Key players operating in the boat sails market are North Sails GmbH; Doyle Sails International Ltd; Elvstrom Sails AS; Ullman Sails International Inc; Quantum Sails Design Group LLC; Wilfer Sails Technology (Heyuan) Co Ltd; OneSails International; Hyde Sails Ltd; Rolly Tasker Sails (Thailand) Co. Ltd.; and CHEONG LEE SAILMAKERS LTD, among others.

• In 2024: North Sails Apparel entered a partnership as an official clothing supplier to the Royal Ocean Racing Club.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com