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

News

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Marine Equipment

Kalmar 5th Generation Gloria Reachstackers Enter US

Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful

John Deere Expands Tier 3 Engine Line

John Deere Power Systems (JDPS) has introduced new propulsion ratings to its EPAMarine Tier 3 engine offerings. The new PowerTech 4045TFM85 propulsion ratings expand

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Yachts

Pink Lashings Raise Money for Breast Cancer Research

As the first Peters & May Pink Lashings shipment leaves Palma for Fort Lauderdale, the global marine transport company is calling all yacht owners to support its campaign to help raise £25,

Ocean Training Launches Blended Learning Course

Major revisions to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (The STCW Convention) came into force in 2012.

The Hydroptere Flies with Finesse

The hydrofoil trimaran Hydroptere will try for another nautical record with support from biotechnology leader Finesse Solutions After a year resting in Long Beach,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1327 sec (8 req/sec)