Study: Industry to see slow growth through 2015

Original: 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 “In the boating industry there is ongoing shift in product mix toward larger and expensive boats.”

Click here for more on the report.


Iris Innovations Launches Garmin OneHelm Compatible Camera and Alarm Management System

The UK-based company’s new products allow users to manage all onboard cameras and alarms via Garmin MFDs.

Sea Tow International Presents Annual Awards

The company honored superlative members in its on-water network of franchises throughout the U.S. and Caribbean during its virtual annual meeting.

Quick Hits: November 21, 2020

The United Marine Manufacturers Association adds a director of operations, and Parker Boats continues its expansion plans with new equipment.

Chris-Craft Bolsters Sales Team

The 146-year-old builder adds a regional sales director and sales associate.

Suzuki Restructures U.S. Operations

The Japanese marine and motorcycle/ATV divisions will be reorganized as two separate businesses.

Quick Hits: November 20, 2020

NMEA posts 2021 training schedule; ICOMIA issues recreational boating industry book; and GOST grows its tech team.