Pleasure / Leisure Boat Market Growth Driven by Rising International Tourism
The boating industry is segmented in commercial boating and leisure boating. The commercial boating includes exports and imports of goods and commercial fishing while leisure boating is a luxurious industry constituting of water sports activities. Thus, at the time of recession, leisure boating industry is likely to be affected adversely. However post 2011, boating industry saw an upswing with an increase in sales of equipment and other accessories as sales of new boats increased.
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