Dallas, January 11, 2011 - The global demand for recreational boat is estimated to bottom out in 2010 and is projected to reach $27.8 billion in annual sales by 2015. Given the size of the market and its prospects for further expansion, the recreational boat building industry represents highly attractive opportunities for composite manufacturers targeting selected demand segments. The global demand for composite materials for boat market is expected to reach $703 million in 2010 according to this research from Lucintel. The highest demand for composites is in the inboard boat market followed by the outboard boat market.

Lucintel, a leading global management consulting and market research firm with over 1000 clients worldwide has analyzed the global composites market demand for recreational boat to develop a comprehensive research report entitled "Opportunity Assessment for Composites in Global Boating Industry 2010-2015".

The comprehensive 422 - page report provides a detailed assessment of the demand for composite materials in the production of recreational boats including inboard boats, outboard boats, stern drive boats, personal watercrafts, sail boats, as well as other types. On a global basis, North America represents the largest region in terms of unit shipments which has been suffering since 2005, whereas, Lucintel’s research reveals that Europe saw the highest growth during the last 5 years as European-based boat makers were strategically more aggressive and subsequently increased their market share significantly as compared to 2003. The biggest challenge is the global recession and credit crunch. Also, the industry is highly fragmented, which leads to high competition. The main drivers for the growth of composites are high specific strength and resistance to corrosion attack.

In terms of specific boat building industry trends, there is an ongoing shift in product mix towards larger and more expensive boats. According to Lucintel, Azimut is ranked number 1 in the global recreational boat market, followed by Groupe Beneteau, Ferreti, and Brunswick. The ranking is based on the annual revenues generated by the leaders from selling recreational boats. 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 targeting the largest consumers of composite materials.

This detailed research report includes demand trends and forecasts, market size estimates by boat types, regional analysis, manufacturing trends, composites consumption trends, profiles of leading companies, competitive analysis and many other 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

Contact:

Roy Almaguer, +1-972-636-5056 or via email at helpdesk@lucintel.com.