Published on in “Business, Business”, language — English. 3 pages.
The major factor driving the market growth is increasing demand for recreational boats for racing, fishing, and other water sports and pleasure activities. This is driving manufacturers to manufacture small crafts for recreation such as inboard and stern drive, outboard, and sailboat. According to National Marine Manufacturers Association (NMMA), unit sales of recreational boats is expected to increase by 10% to 11% from US$ 8.4 billion in 2016. Therefore, increase in boat sales is expected aid More
