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

Finance

Scorpio Bulkers books Net Loss

USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.

Diana Containerships in Red, Suspends Dividend

Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier.   The shipping

DP World Eyes Taiwan Port

Global marine container terminal operator DP World  will help to expand the development of Kaohsiung Port’s Terminal 7, which is owned by the state run Taiwan International Ports Corporation (TIPC),

Vessels

CNCo Orders Remote Monitoring for 35 Vessels

Radio Holland, a global NavCom and service company in the maritime industry, said it has concluded  a maintenance and remote monitoring agreement with The China

Baltic Index Down as Rates for Large Vessels Stay Weak

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.

NASSCO Delivers Garden State to APT

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.

Yachts

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Blohm+Voss Strengthens Team

Blohm+Voss has appointed Jean-Gabriel Tridon as General Manager and Dieter Pladeck as Finance Director for its new maintenance and refit facility in La Ciotat in the south of France.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators 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: 0.0860 sec (12 req/sec)