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
1000 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