Skip to main content

Study: Industry to see slow growth through 2015

Reportlinker.com announced that a new market research report on the global recreational boating industry shows the global market is expected to slowly grow during the next few years.

According to Lucintel research, in 2009 the global pleasure boat market shipment was $18.21 billion. The market was forecast to drop to $18.16 billion in 2010, a marginal drop attributable to uncertainty and slow recovery in the global economy.

The global boat market is expected to grow to $27.8 billion by 2015, with a compounded annual growth rate of 8.9 percent during the next five years (2010-2015), according to this new research from Lucintel.

“The Europe and Asia Pacific region will provide the future growth for the boat market, as sales will be bolstered by continued economic growth in these regions,” according to a statement from Reportlinker.com. “In the boating industry there is ongoing shift in product mix toward larger and expensive boats.”

Click here for more on the report.

Related

A Tax Incentive for Innovation

A deep dive into the research and development tax credit usually yields savings

ABYC Reschedules Meetings

Postponed due to Covid, the annual meeting goes virtual in February, and the Marine Law Symposium moves to April in Providence, R.I.

Daiwa Appoints Marketing Manager

Marc Mills will handle marketing efforts for North American and South American markets.

VIP Access Available for MIBS

The tickets include admission to the VIP lounges at One Herald Plaza and the Miami Beach Convention Center, along with other perks.

South Fork Wind Farm Gets EPA Approval

The Clean Air Act permit contains pollution control requirements for the construction and operation of the wind farm, which will be located southwest of Martha’s Vineyard.

Dockmate Launches New Technology

The SoftDocking wireless remote control system eliminates the delay between engaging the throttle and the boat beginning to move.

Minneapolis Innovation Award Winners Announced

NMMA and Boating Writers International handed out the awards in four categories during the Minneapolis Boat Show preview yesterday.