
Worldwide markets are poised to achieve continuing growth as small boats markets respond to the advantages brought by using new materials and demand from middle class people seeking safe, fun recreation.
Small boat competitive positioning to achieve competitive advantage is accomplished by successful introduction of new product offerings. The ability to meet customer expectations depends on appropriate feature function packages and effective pricing strategies.
Small boat customers rigorously evaluate manufacturer quality, capability to innovate, and availability of new products when making purchasing decisions.
Figure 1. Small Boat Vendor Competitive Positioning
Source: WinterGreen Research, Inc.
Global small boat market is forecast to grow at 7% through 2024. Some companies and some segments grow significantly faster. A $8.7 billion market worldwide in 2017, the small boats markets market has evolved steadily. It is expected to reach $13.8 billion by 2024.
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Abstract:ÌýSmall Boats Markets are at $8.7 Billion Worldwide, Headed for $13.8 Billion in 2024
Abstract:ÌýSmall Boats Markets are at $8.7 Billion Worldwide, Headed for $13.8 Billion in 2024
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