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OverviewAPI
The global market for boat and ship MRO, ship rudders, and small boats is projected to experience significant growth in the coming years. The boat and ship MRO market is expected to reach $153.19 billion in 2027, driven by product innovation and a CAGR of 5.48%. The ship rudders market is projected to reach $2.42 billion in 2027, with a CAGR of 5.4%, fueled by product innovations and a growing demand for ship rudders in North America and Asia-Pacific. The small boats market is expected to grow at a CAGR of 12.14% to reach $55.60 billion in 2027, driven by the increasing demand for fishing activities and technological advancements like the Internet of Things (IoT).

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