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How Is COVID-19 Affecting The Yachting Industry?

How Is COVID-19 Affecting The Yachting Industry?

The coronavirus pandemic has affected the global economy and industries across the board. The yachting industry is no different. With travel restrictions in the Caribbean and Mediterranean putting a pause on the season, COVID-19 has had major effects on the industry and those working in it. A few industry professionals and leading influencers have talked about the changes they see happening in the industry due to the global health crisis as well as growing yachting industry concerns.

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Marine Engine Market Outlook

Marine Engine Market Outlook

Between commercial shipping, defense, and leisure maritime ventures, the waterways are primed for major growth in the marine engine outlook. Marine travel is still one of the most popular methods of transportation, shipping, and defense. Global Market Insights anticipate that the global marine engine market will surpass $13 billion USD by 2024, with the US industry size growing to $1 billion USD by the same year.1

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