Maritime Business & Industry Insights

Leadership in Tender Market

Vision Marine Technologies Inc. (NASDAQ: VMAR), a trailblazer in high-voltage electric marine propulsion and a multi-brand boat retailer with an extensive dealership network across Florida, today announced a significant expansion of its commercial activities in the global tender market—a dynamic, high-turnover segment where the Company now holds a leading position. Following its June 2025 acquisition of Nautical Ventures Group, honored as Boating Industry’s Top 100 Dealer of the Year in 2024, Vision Marine has emerged as one of the largest U.S. distributors of Highfield Boats, the...

Boating Market Worth $35.4 Billion By 2027

Recreational Boating Market Worth $35.4 Billion By 2027 Industry Dominated By Groupe Beneteau, Polaris Inc, Yamaha Motor Global Recreational Boating Market: Comprehensive Insights and Future Projections The recreational boating market is poised for remarkable growth, fueled by rising consumer interest in water-based leisure activities, technological advancements, and expanding global demand. According to a report by Allied Market Research, the market generated $29.0 billion in 2019 and is projected to reach $35.4 billion by 2027, growing at a compound annual growth rate...