According to China Ship News, China’s yacht market is projected to exceed RMB 10 billion in 2023, with luxury yachts and related components experiencing significant growth. As consumer preferences evolve, manufacturers are increasingly seeking high-performance cooling systems, eco-friendly exhaust equipment, and lightweight FRP (Fiber Reinforced Plastic) materials. Xiamen New Material Technology Co., Ltd. has emerged as a designated supplier for renowned yacht brands, thanks to its self-developed silicone hoses and FRP mufflers, which are praised for their durability and environmental benefits.