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 Today


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

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

Marine Materials

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Dubai Partners with WOC on Ocean Sustainable Dwevelopment

The Dubai Council on Marine and Maritime Industries (DCMMI) and the World Ocean Council (WOC) have agreed to collaborate on ocean sustainable development and corporate ocean responsibility.

Inspection Features Added to PropCad Premium

It is common practice to inspect marine propellers to ensure the manufactured product meets the thickness and pitch specified by the design. PropCad Premium now

News

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Striking Port Workers Protest Greek Port Sales

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports,

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Marine Equipment

Strategic Marine Building Luxury Crewboat

Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

BigLift Transports Two Siwertell CSU’

Earlier this month, BigLift Shipping’s Happy Dynamic successfully transported two 560 mt Siwertell Continuous Ship Unloaders (CSUs) from Chioggia, Italy, to Liverpool, UK.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage 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: 0.1257 sec (8 req/sec)