Electric and Hybrid Recreational Boats: Market Opportunities (2024-2031)
The global recreational boat market was valued at USD 32.89 billion in 2023 and is expected to grow to USD 34.88 billion in 2024, reaching USD 55.75 billion by 2031. This expansion reflects a CAGR of 6.93% during the forecast period, driven by rising demand for leisure boating, increasing disposable incomes, and advancements in marine technology enhancing efficiency and user experience. Market...
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