With the easing of COVID-19 restrictions, recreational boating surged in popularity as people preferred outdoor recreation and quality time with loved ones. With the shift persisting since then and the arrival of summer, major boating company Marine Products Corporation (MPX) is set to thrive.
According to the National Marine Manufacturers Association (NMMA), recreational boating saw a 36% increase in annual economic activity from 2018’s $170 billion to $230 billion in 2023. Moreover, the organization anticipates healthy boating participation, with more than 85 million people estimated to participate in water-based activities in the U.S. this summer.
