Opportunities for Composites in Boatbuilding

Press Release
Sunday, June 17, 2012

A recent Lucintel report analyzes opportunities for composites in recreational boat industry

Lucintel, the consulting and market research firm, has analyzed the opportunities for composites use in the global recreational boat market and presents its findings in “Opportunity Assessment for Composites in Global Boating Industry 2012-2017.”

The global recreational boat market is expected to grow to US $30.63 billion in 2017 with a CAGR of 8.5% over the next five years.Growth is anticipated to be higher because the boat market bottomed out in 2010 and is in recovery.

The recreational boat industry offers immense opportunities for composite manufacturers given the size of the market. The composite materials market in the boat industry is expected to reach $1,665 million in 2017. The demand for composites in the inboard boat market is expected to be the highest, followed by the outboard boat market.

The Asia Pacific region is expected to drive the boat market due to continued economic growth in China, India, Southeast Asia, and Korea.The growth in the rest of the world is expected to be higher because of progress in the cruiser segment. The market share for the North American boat market anticipates decline in value shipment because of a lower growth rate in that region’s boat market. Shares for the European and ROW boat markets are forecast to grow because higher-than-average growth in the global boat industry is anticipated in those two regions.

To access more information click here.

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Crewman Claims Ferry Captain "Rushed Back To Bridge"

The captain of a South Korean ferry that capsized two days ago rushed back to the bridge after it started listing severely and tried in vain to right the vessel,

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

Marine Equipment

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

GE Gas Turbines Power USS America

GE Marine reports that the United States Navy’s future USS America (LHA 6) amphibious assault ship recently completed successful acceptance sea trials powered by two GE LM2500+ marine gas turbines.

Yachts

USCG Responds to Vessel Fire

The U.S. Coast Guard (USCG) reported it is responding to a report of a vessel that caught fire and became disabled with two men and a dog aboard south of the McCormick

Maersk Line named race partner for the Volvo Ocean Race

The world’s largest container shipping company, Maersk Line, is the official shipping partner for the Volvo Ocean Race, the pre-eminent round-the-world yacht race.

KVH Film Considered for Maritime Safety Award

“The Human Element,” produced by KVH Media Group under the TRAININGlink brand, is a finalist in the “Safety at Sea” category of the Seatrade Awards. KVH Industries, Inc.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1059 sec (9 req/sec)