Industry Analysis & Industry Trends
The Recreational Boat & Yacht Building industry has been volatile in the past five years, with industry revenue growing by 24% in 2007-08 before declining by 10% in 2009-10. The overall trend has been downwards, with industry revenue expected to contract at an annualised 5.8% over the five years through 2012-13. The dramatic rise and fall in fortunes can be directly linked to the recession. Pleasure and sports boats are discretionary purchases. As the industry completed its order book heading into 2008-09, new customers were put off by growing global uncertainty. Revenue fell in the years that followed. Balloon payments for goods completed in 2008-09 masked the true extent of the drop in demand.
In response, the industry has slashed employment and wages to protect profitability... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration is medium, with the top four operators expected to generate 55% of industry revenue in 2012-13. The industry's largest players are concentrated in the super-yacht and luxury markets, with only one equipment supplier among them. As a result of the industry's supply chain, the major players have more power than their revenue suggests. Downstream suppliers of boat equipment, components and labour subcontracting work closely with the major players... purchase to read more