Recreational Boats Market by Type, Material, Application.

Meticulous Research ® –leading global market research company published a research report titled “ Recreational Boats Market by Type (Inboard and Sterndrive Boats, Outboard, Sailboats), Material (Fiberglass, Wood, Inflatable), Application (Fishing, Travel & Tourism, Defense) – Global Opportunity Analysis and Industry Forecast (2017-2023)”. According to this latest publication from Meticulous Research ® , the global recreational boats Market is expected to grow at a CAGR of 8.7% from 2018 to 2023 to reach USD 66.5 billion by 2023, driven by factors such as booming tourism industry, growing economic developments, increasing participation in the boating activities, continuous innovation in boat engine, and rising disposable income. Furthermore, factors such as growing water sports activities and increasing boat import in developing nations offer significant growth opportunities for the market players during the forecast period. However, cyber-attack and the intangibl...