Global Recreational Boats Market Report 2021-2027: Opportunities in Innovation in Boat Engines and Integration of IoT & Sensor-Based Technologies
Share this article Share this article ResearchAndMarkets.com's offering. The recreational boats market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach $54.9 billion by 2027 The growth of this market is mainly attributed to the booming tourism industry, growing economic development, growing participation in boating activities, innovation in boat engines, and increasing disposable income. These trends and the rising adoption of boating in Asian countries, including China, Japan, and Australia, offer manufacturers with new markets to capture over the forecast timespan. However,...
Source: prnewswire.com