Monohull Sailboat Market Size, Share, Trends, Growth 2030

Monohull Sailboat Industry Prospective:

The global monohull sailboat market size was worth around USD 2,158.14 million in 2023 and is predicted to grow to around USD 3,408.73 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.88% between 2024 and 2032.

Request Free Sample

Monohull Sailboat Market: Overview

Monohull sailboats have a single hull. These boats are different from other boats that have two or multiple hulls. It is the outer body of the boat or a ship’s enclosure with watertight features. A boat hull is designed to protect cargo, passengers, and equipment from any form of physical danger. The most basic application of a boat hull is to protect the structure against flooding, weather, or other forms of damage. The alternative boat designs have multiple hulls connected to one another. The classic sailboats are characterized as monohulls. One of the key advantages of a monohull is the performance of the boat in terms of sailing. Since these structures lead into the wind, they offer stabilizing capacities as compared to their counterparts.

Monohulls are hence considered safer than other types of sailboats. Experts recommend monohulls during single-handed sailing. They are more likely to make a 360-degree turn in case of capsizing due to their structure. The highest application of monohull sailboats can be witnessed during sports events. The demand for the monohull sailboat industry is likely to grow rapidly during the forecast period.

Key Insights:

• As per the analysis shared by our research analyst, the global monohull sailboat market is estimated to grow annually at a CAGR of around 5.88% over the forecast period (2024-2032).
• In terms of revenue, the global monohull sailboat market size was valued at around USD 2,158.14 million in 2023 and is projected to reach USD 3,408.73 million, by 2032.
• The monohull sailboat market is projected to grow at a significant rate due to the rising interest of the general population in sailboating.
• Based on application segmentation, racing was predicted to show maximum market share in the year 2023.
• Based on type segmentation, open cockpit was the leading segment in 2023.
• On the basis of region, Europe was the leading revenue generator in 2023.

Monohull Sailboat Market: Growth Drivers

Rising interest of the general population in sailboating may drive the market growth rate

The global monohull sailboat market is projected to grow owing to the rising interest of several people in sailing activities. A large segment of the population is actively becoming keener to explore sailing activities at a professional level while a significant share enjoys sailing as a recreational activity or as a bonding time with friends and family. As per official reports, sailing was considered as a way of life in the US regions primarily influenced by the extensive presence of water bodies suitable for sailing. Similar trends are also observed in other parts of the world such as tropical nations and Europe.

Monohull sailboats are recommended for sailing activities due to their enhanced safety features provided by the overall design of monohulls. They are compact units and do not require large spaces for accommodation, unlike other forms of sailboats. Hence, they can be easily placed in ports and small marinas.

Growing global tourism to help in augmented growth trend during the projection period

The demand for monohull sailboats is projected to gain higher momentum as global tourism is on the rise. People from across the globe are traveling to distant locations. The majority of world travelers belong to the luxury travel segment. For instance, sailing is a popular choice among international and domestic tourists in Greece. In 2023, more than 20 million tourists visited the region. The statistics trend is common across countries with large water channels and islands thus requiring the use of sailboats to travel from one location to another.

Since COVID-19 several people across the globe have started investing in travel-based life experiences. Monohull sailboats are recommended for such excursions since they can accommodate a significant number of people and offer improved safety.

Monohull Sailboat Market: Restraints

High competition from other forms of sailing may restrict market expansion

The global monohull sailboat market is expected to be restricted to the intense competition the industry faces from the other forms of sailing. Catamarans, for instance, are widely popular among tourists. They offer higher deck space and are preferred for luxury outings. In addition to this, other competing sailboats include classic yachts, daysailers, keelboats, and speedboats.

The increasing inflation rate globally and the rising prices of everyday essentials may limit the adoption of monohull sailboats since these units are expensive and also have higher maintenance costs. The rising prices of fuel further complicate the overall process.

Monohull Sailboat Market: Opportunities

Increasing launch of new offerings and technological advancements may generate high-growth opportunities

The global monohull sailboat industry is projected to register higher growth opportunities due to the increasing technological investments witnessed in the industry. Companies are actively working on improving safety features as well as the performance level which is expected to attract more buyers. In January 2024, Pogo Structures, a France-based boat maker, announced the launch of Pogo RC. It is a 33-foot-long monohull and is considered a true Mini Class 40. The construction of the sailboat has been carried out using sophisticated technology. The overall shape of Pogo RC will make jibing easier and is developed to be used for double-handed and solo applications.

In June 2022, Punta Ala, an Italian town, witnessed the launch of the FlyingNikka project. The new offering is one step ahead of the ship designs used during the last America’s Cup and stands at 19 meters. It can easily sail in full foil mode and is the first of its kind in the new generation of racing boats.

Surging number of international sail-based events may further fuel market demand

The global monohull sailboat market will be driven by the growing number of domestic and international competitions related to sailing. In November 2023, the European Sailing Championship was held in Portugal which featured three Olympic sailing disciplines.

In December 2023, the SailGP sports league announced that it would increase the total prize money to USD 400,000 which will be distributed among the top three performers at the event. The regional governments are working to promote the regional sailing industry since it is a way to attract foreign investments and tourism.

Monohull Sailboat Market: Challenges

Cost of a monohull sailboat and the risks involved in sailing may challenge market demand

The global monohull sailboat industry is expected to be challenged by the high cost of the equipment. Makers must ensure that the sailboats are correctly designed to avoid any unwanted mishaps. However, sailboats are subject to extreme risk when they are in use. Sailboat capsizing is an extremely common event even when being managed by experienced professionals.

Monohull Sailboat Market: Segmentation

The global monohull sailboat market is segmented based on application, type, and region.

Based on application, the global market is segmented into racing and cruising. In 2022, the highest growth was observed in the racing segment. Monohull sailboats are the most preferred types of sailboats for racing events. The growing number of national and international sailing competitions across the globe are projected to help the segmental demand. The cost of a 30 to 40-foot monohull sailboat can be around USD 200,000 to USD 250,000. Furthermore, the growing number of sailing enthusiasts will lead to higher growth in the cruising segment.

Based on type, the global market is divided into enclosed cockpit and open cockpit. In 2022, the highest demand was registered in the open cockpit segment due to higher application during racing events. Such structures allow greater transparency for communication between team members. On the other hand, enclosed cockpits are considered safer and can be helpful in offshore applications. The choice of cockpit type depends on the intended application of the sailboat. Fiberglass sailing boats are seaworthy for more than 30 to 40 years.

Monohull Sailboat Market: Report Scope

Monohull Sailboat Market: Regional Analysis

Europe to register the highest demand during the forecast period

The global monohull sailboat market will be dominated by Europe during the projection period. The growth rate is a result of the wide penetration of sail boating as a professional activity in European countries such as Greece, Spain, France, and Portugal. These nations have extensive coastlines ideal for sailing. Moreover, Greece has been at the forefront of the ship-making industry for centuries. The country owns more than 5000 ships and controls around 21.05% of the global fleet. Moreover, the growing international tourism in European nations especially countries such as Italy and Portugal will drive the demand in the regional market. Europe regularly hosts several sailing and yachting competitions in which participants from across the globe are invited.

North America has a huge market for monohull sailboats. The US is a global tourist destination. Regions such as the Gulf of Mexico are frequently visited by travelers including international tourists. The increasing investments in promoting the regional sailing competition will fuel higher revenue in North America during the forecast period. Asia-Pacific is an important market. Regional countries are home to several extensive ports and a robust shipbuilding industry across China, South Korea, and Japan.

Monohull Sailboat Market: Competitive Analysis

The global monohull sailboat market is led by players like:

• Catalina Yachts
• Beneteau
• Dufour Yachts
• Jeanneau
• Oyster Yachts
• X-Yachts
• Swan (Nautor's Swan)
• Hanse Yachts
• Hunter Yachts
• Bavaria Yachts
• Southerly Yachts
• Hallberg-Rassy
• C&C Yachts
• Tartan Yachts
• J/Boats

The global monohull sailboat market is segmented as follows:

By Application

• Racing
• Cruising

By Type

• Enclosed Cockpit
• Open Cockpit

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa