Dallas - December 14, 2009 - Economic recovery holds the key to global boating industry regaining a positive growth trajectory. There were dramatic changes in the boat market in 2008 and 2009 with prominent regions such as North America suffering double-digit declines in demand in both years due to economic downturn and credit crunch. The European boat market started feeling the burnt of the economic downturn towards the end of 2008 and 2009 is projected to drop by over 30% as recessionary forces fully take effect. Lucintel expects the market to bottom out in 2009 and year 2010 would see a positive growth as stimulus packages in major economies like the US, China and EU nations will bring back growth momentum to the global economy.
Lucintel, a leading global management consulting and market research firm with over 700 clients worldwide has analyzed the global recreational boating industry to develop a comprehensive research report entitled "Global Recreational Boating Industry Analysis and Forecast 2009-2014".
According to Lucintel, the global demand for recreational boat is projected to reach $25.8 billion in annual sales by 2014. On a global basis, North America represents the largest region in terms of unit shipments which has been suffering since 2005. In contrast, Lucintel research reveals that Europe saw the highest relative growth during last 5 years (2003-2008) as European-based boat makers gained market share in large size boats.
This 300 - page report provides a detailed assessment of the demand for the production of recreational boats including inboard boats, outboard boats, stern drive boats, personal watercrafts, sail boats, as well as other types. In terms of specific boat building industry trends, there is an ongoing shift in product mix toward larger and more expensive boats. According to Lucintel, Brunswick ranked number 1 in the global recreational boat market, followed by Groupe Beneteau, Azimut, Ferreti, and Genmar. This market intelligence report provides the ranking of top 10 global leaders with their respective market shares, allowing composites manufacturers to develop marketing and sales strategies that target the largest consumers of composite materials.
This detailed research report includes demand trends and forecasts, market size estimates by boat types, regional analysis, profiles of leading companies, competitive analysis and much additional critical business information.
For a detailed table of contents and pricing information on this timely and insightful report, please contact Helpdesk at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting edge support to help you make critical decisions with greater speed, insight and cost-efficiency. To find out more, visit www.lucintel.com