Industry Analysis & Industry Trends
The performance of the Recreational Boat and Yacht Building industry has varied over the past five years, but the overall trend has been downwards. Industry revenue is expected to contract at a compound annual rate of 4.5% over the five years through 2013-14. Growth is only anticipated to occur in the current year. During 2013-14, revenue is expected to expand by 2.5% to £902 million. The deterioration in the industry's 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 became wary in the face of growing global uncertainty and revenue fell in the years that followed... purchase to read more
Industry Report - Industry Analysis Chapter
In the past five years, the discretionary nature of the Recreational Boat and Yacht Building industry's products has caused revenue to fall as both Britons and customers overseas have tightened their belts. Industry revenue is expected to decline at a compound annual rate of 4.5% over the five years through 2013-14, to £902 million.
The 2008 financial crisis was one of the worst on record and brought six consecutive quarters of declining GDP. This, combined with continuing uncertainty in the eurozone, tighter credit conditions and falling property values, has resulted in Britons slashing their spending, especially on luxury and discretionary items... purchase to read more