DALLAS, Nov 12, 2010 (BUSINESS WIRE) -- Economic recovery holds the key to the global boating industry regaining a positive growth trajectory. There were dramatic changes in the boat market during 2009 and 2010 with prominent regions such as North America suffering double-digit decline in 2009 due to economic downturn and credit crunch. The European boat market started feeling the brunt of the economic downturn towards the end of 2008 and dropped significantly in 2009. The year 2010 is projected to remain almost flat on a global basis as the economy is recovering from the recessionary trends. Lucintel expects the global boat market to see a positive growth during forecast years as the market recovers from the slump of 2008 and 2009.
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 2010-2015".
According to Lucintel, the global demand for recreational boats is projected to reach $27.8 billion in annual sales by 2015. On a global basis, North America represents the largest region in terms of unit shipments. Lucintel's research reveals that Europe saw the highest relative growth during last 5 years (2004-2009) as European-based boat makers gained market share in large sized boats.
This 263-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 on a global and regional basis. 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, Azimut-Benetti ranked number 1 in the global recreational boat market, followed by Groupe Beneteau, Ferreti, and Brunswick. This market intelligence report provides the ranking of the top 10 global leaders with their respective market shares.
This detailed research report includes demand trends and forecasts, market size estimates by boat types, regional analysis, profile of leading companies, competitive analysis and much additional critical business information.
Lucintel provides cutting edge support to help you make critical decisions with greater speed, insight and cost-efficiency.
SOURCE: Lucintel CONTACT: Lucintel Roy Almaguer, 972-636-5056 Copyright Business Wire 2010 -0- KEYWORD: United States
Texas INDUSTRY KEYWORD: Powerboating
Sports SUBJECT CODE: Economic News/Analysis