Report: Global boating industry on path to recovery

Lucintel's "Opportunity Assessment for Composites in Global Boating Industry 2010-2015" says the boat market consumed 365.3 million lb/165.7 million kg of composites valued at $524.3 million in the calendar year 2009.

A new report issued by Lucintel (Las Colinas, Texas, USA) says that in 2009 the boat market was down in every continent of the world due to global recession. Europe suffered the most whereas ROW suffered the least. "Opportunity Assessment for Composites in Global Boating Industry 2010-2015" from Lucintel covers inboard boats, outboard boats, stern-drive boats, personal watercraft, sail boats and others. In terms of unit shipment, North America is still the largest segment.

Based on Lucintel research, the global recreational boat market consumed 365.3 million lb/165.7 million kg of composites valued at $524.3 million in the calendar year 2009. The composite materials market is expected to reach to $842 million in 2015 with a CAGR of 7.8 percent.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. In the boating industry, there is ongoing shift in product mix toward larger and expensive boats.

In terms of specific boat building industry trends, there is an ongoing shift in product mix toward larger and more expensive boats. This market intelligence report provides the ranking of top boat builders with their respective market shares, allowing material and component suppliers to develop marketing and sales strategies that target the largest consumers of composite materials.

Some of the features of the market report are:

  • Global boat market intelligence manufacturing processes and materials used.
  • Market size estimates in terms of dollar value and number of units in various types of boats in the boat industry.
  • Regional analysis: Boat market breakdown (dollar and unit estimates) by regions such as North America, Europe and rest of the World.
  • Competitive analysis: Market shares of the industry leaders in the global boat industry as well as in various regions of the world.
  • Growth trends (2004-2009) delivered for the total boat market and also by types of boats.
  • Composite materials shipment regions and in various types of boats.
  • Raw Materials Analysis: Composite materials shipment by type of reinforcements and resins the boat industry.
  • Manufacturing process analysis: processes in the boat industry.
  • Trends and forecasts in composite materials shipment industry.
  • More than 249 figures/charts and confident business decisions.
  • Addresses and brief description of over major boat builders around the world.