The small boats market is experiencing rapid growth, reflecting an increasing demand for recreational activities, leisure cruising, and the expanding use of small boats in various industrial and commercial applications. As of 2024, the market for small boats is valued at over USD 31.23 billion, and this figure is projected to grow at a compound annual growth rate (CAGR) of 10.8% during the forecast period of 2025-2034, reaching a value of over USD 78.91 billion by 2034.
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