Sailboat Market size is expected to reach USD 7.03 billion by 2028
Sailboat Industry Overview The global sailboat market size was valued at USD 5.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2021 to 2028. The growth can be attributed to continuous research and development initiatives and a rise in the number of virtual trade shows. Companies are focused on the development of innovative, new yachts developed using ultra-modern production techniques and materials. The latest innovations and technological advancements made on the boats and boat engines help in increasing the demand for sailboats and help market players to maintain their market positions. The COVID-19 pandemic has contributed to digitalization in the industry. The prospects of virtual shows and live-streaming in near future are anticipated to create growth opportunities for the market. Gather more insights about the market drivers, restrains and growth of the Global Sailboat Market The COVID-19 pandemi...