Boat Industry 2012 Growth Forecast 'Robust'

Press Release
Thursday, June 14, 2012

The global recreational boat market is expected to witness high growth during 2012 according to a recent Lucintel report

According to the Lucintel report the market is expected to witness a CAGR of 8.5% over the next five years and grow to $30.63 billion in 2017. Inboard and sterndrive boats are expected to have the highest market share in 2012 and continue to lead through 2017.

In terms of ranking, the US ranks first, followed by Italy, the UK, Germany, and France in terms of dollar shipments. The market share for the North American boat market is expected to decline in terms of value shipment because of the lower growth rate in North American boat market relative to the average for the global boat market.

The shares for the European and the ROW boat market are expected to grow since their boat market is expected to witness higher than average growth in the global boat industry. APAC is expected to provide future growth for the boat market, as sales are likely to be bolstered by continued economic growth in China, India, Southeast Asia, and Korea.

This report provides a detailed assessment of the demand for the production of recreational boats including inboard boats, outboard boats, stern drive boats, personal watercrafts, sail boats, and others on a global and regional basis.

The US-based company Brunswick Corporation captured the leading position in the global boat industry in terms of revenue in 2011.Lucintel forecasts that Brunswick should occupy number one position in the near future. European boat builders moved up in ranking because of the demand for luxury boats. This market intelligence report provides the ranking of the top 10 global leaders with their respective market shares.

The Lucintel Report is available at this link.




 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Paragon Offshore to File for Bankruptcy

Paragon Offshore Plc said it will file for Chapter 11 bankruptcy on or before Feb. 14, becoming the first U.S. energy-related company to seek court protection from

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Vessels

Nordana Sea Delivered to Symphony Shipping

After successful sea trials, M.V. Nordana Sea was delivered to Symphony Shipping on February 11, 2016. Constructed by builder Ferus-Smit in the Netherlands (yard number 419),

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

Video: Catapult Testing on Aircraft Carrier Abraham Lincoln

U.S. shipbuilder Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has begun testing the updated catapult systems aboard the U.S. Navy aircraft

Yachts

Volvo Penta Debuts Innovative Glass Cockpit

The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application,

Honda Marine, BRIG USA Ink OEM Deal

Honda Marine, a division of American Honda Motor Co., Inc. and marketer of a complete range of outboard marine 4-stroke engines, announced today a new OEM agreement with BRIG USA.

Peak Shipping Season Is Approaching For United Yacht Transport

Spring is the busiest season for United Yacht Transport, the North American leader in boat transport. The international boat transporters are set to complete various shipments in the upcoming months.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0977 sec (10 req/sec)