Recreational boats sales continue to grow globally and motor boats are growing at a faster pace.  The recreational boat market is projected to grow from USD 26.7 billion in 2019 to USD 33.8 billion by 2027, at a CAGR of 3.02%. Changes in technology, increase in boat size, increase in high net worth population, rising economy, and growing tourism are some of the major factors for the growth of recreational boats market.