Skip to main content

British marine industry sees surge in demand

British yacht and leisure boat builders saw a surge in demand from overseas buyers last year, helping the wider U.K. leisure marine industry to post revenue of about $4.75 billion.

Sales of boats built in the United Kingdom and destined for international clients rose 7.9 percent in the 12 months that ended in April of 2013, swinging from an 8.3 percent drop a year earlier, the British Marine Federation told The Guardian.

Revenue in the wider industry — ranging from sales of superyachts to the hiring of pleasure craft and canoes — rose 1.7 percent during the same period.

Trade with Europe and North America was particularly robust and it grew by nearly 10 percent with each region, the British Marine Federation told the paper.

However, there also were signs of a more recent recovery in domestic demand, with 43 percent of the companies experiencing a heavier workload from British clients in the six months to the end of November, compared with a year earlier.

In addition, 38 percent of the companies have seen an increase in the value of domestic orders. The two trends are at their “most positive” since before the recession, the BMF told the publication.

The leisure marine sector supports 31,000 jobs in the U.K.

“The leisure marine industry is in good shape going into 2014,” Howard Pridding, the federation’s chief executive, told The Guardian. “Having exported its way back to growth and increased the delivery of goods and services to international markets to over 1 billion pounds last year, the sector is now poised to capitalize on the improving domestic economy. U.K. boatbuilding is a manufacturing success story with a worldwide reputation, and the London Boat Show this week is a great way to showcase this expertise while also marking the start of a new chapter for the industry.”

The London show wrapped up on Sunday.

Related

01_DROUGHT

Open for Business

Despite drought conditions in the western United States, boating remains popular on Lake Mead and elsewhere.

1_OIL.PRICE

Crude Weakens and Gas Prices Ease

West Texas Intermediate crude oil fell below $100 per barrel yesterday, while gasoline and diesel prices have slipped from their June highs.

1_RFA.NIXON

RFA Hires Executive Director

Robert Nixon brings fishing-policy expertise and lobbying experience to the group’s efforts to preserve anglers’ rights.

Teaser-Graphic-6-29-22_2

2022 Women in the Industry Summit, Leadership Panel, Awards Ceremony & Reception

MONDAY, SEPTEMBER 26, 2022, MARRIOTT TAMPA WATER STREET, TAMPA, FL

DealerOutlook

Seabins Coming to Lake Erie

The devices, deployed as part of a pilot program, skim and collect debris from the water, including microplastics. Meanwhile, MBIA announces scholarship funds.

1_BOATSETTER

Boatsetter Reports Uptick in Rentals

The on-water experience company has seen triple-digit growth in pontoon and party-boat rentals, as well as fishing and yacht charters.

1_SMARTGYRO

Smartgyro Signs Distributors, Hires Sales Manager

The company said the three U.S. distributors, working with Bob Walker, will help expand its dealer network and brand recognition.

1_YEARGIN

The Upside of a Downturn

Economic challenges should push you to develop a strategy that helps you weather the storm and come out stronger on the other side.