Small Boat Market will exhibit a CAGR of 14.8% during the forecast period, 2020 to 2027 and reach USD 56,199.1 million by the end of 2027, and the Market value as per 2019 was USD 18,653.5 million.

Fortune Business Insights titled, “Small Boats Market Size, Share & COVID-19 Impact Analysis, By Product (Sail Boat, Powered Boat, Personal Watercraft Boat, and Others), By Application Type (Pleasure, Fishing, Defense and others), and Regional Forecast, 2020-2027.”

Small Boat Market Drivers and Restraint:
Rapid Growth in the Fishing and Pleasure Riding to Propel the Growth of the Market
Rapid increase in fishing and pleasure riding activities is anticipated to boost the growth of the market. According to the National Marine Manufacturers Association, entertainment and pleasure boating generates over $100 billion to the United States economy. There is rapid growth in the small boats industry, as there is an increasing funding from various associations and organizations into the fishing industry. Moreover, companies are targeting the younger generation as there is a rise in new forms of outdoor activities that are thrilling and adventurous. Introduction of such activities is encouraging the younger generation to actively choose boating & nbsp; Furthermore, with hundreds of foreign and domestic boat manufacturers competing for a share of the United States market, the competition is very tough.

List of Key Players Covered in the Small Boat Market Report:
• Group Bénéteau (France)
• Marine Products Corporation (Georgia, United States)
• Brunswick Corporation (Illinois, United States)
• MasterCraft Boat Company, LLC (Tennessee, United States)
• Sunseeker (UK)
• Azimut-Benetti (Italy)
• Ferretti (Italy)
• Bavaria Yachtbau (Germany)
• Malibu boats inc. (Tennessee, United States)
• Yamaha (Shizuoka, Japan)
• Boats inc. (Florida, United States)
• Other Players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/small-boats-market-103622

Some of the key industry developments in the Small Boat Market Include:
June 19, 2020- Mercury Marine, company has entered into a contract with Frydenb to become the favored engine partner of the boat brands Nordkapp and Sting in all global markets.
May 01, 2020- Brunswick Corporation Company's Brands Won Seven Boating Industry Products Awards, which is expected to fuel the global small boat sales during forecast period.