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Old 31-01-2008, 04:27   #1
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Europe tops US in boating market growth

A new report published by Lucintel, a global market research and consulting firm in the US, states that the recreational boating market in Europe reached a record high in 2007, surpassing US growth in terms of dollar value for the first time ever. At the end of calendar year 2007, the total size of the global boat industry reached an estimated $25 billion. The global demand for recreational boats is projected to reach $38.3 billion in annual sales by 2013.
Goto “Global Recreational Global Boating Industry Analysis and Forecast 2008-2013":
Lucintel for Market Reports, News and Business Solutions
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Old 31-01-2008, 09:43   #2
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<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….>

Doubtless it will not be the U.S., and not because the sky is falling… we’ve been in a period of relative (recreational) market stability for some years… U.S. growth probably won’t really explode until the next baby-boom hits their peak earning years, which could be generations… Europe, has been about a decade and a half behind us in saturating the adult toy market, but they too will probably see a leveling of the growth curve relatively quickly… Asia (and parts of the middle east), on the other hand, is awash in cash and only just beginning to get it’s adult toy antennae tuned up as it begins to develop something of a business/professional class with upper middle-class appetites…
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Old 31-01-2008, 10:09   #3
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The EUR being strong against the USD is also a factor. Their materials are less relatively speaking.
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Old 06-06-2008, 18:58   #4
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Can't see the US boating market increasing until there is space created to put the boats. Talking about boats that need slips, don't know anywhere where there is a significant amount of vacant slips so there is just no place to put any new boats. The law of supply and demand is making the slips that are existing ever more expensive. When slip fees go much over $10 a foot, it seriously starts to bite into the affordability of a boat. Add $400 a month slip fees onto the $200,000+ cost of a 40' boat and there just aren't that many people who can afford a new boat.

Add the gas crunch onto the cost of operating power boats, don't think you're going to have all that many in the US rushing out to buy a new boat. From what I hear, there is virtually no market for used power boats at this time. That's got to make used prices very attractive for anyone looking to buy a power boat.

The downturn in realestate has dried up a a ready source of cash for luxury items. The relatively cheap and available home improvement loans made it really attractive to borrow against people's homes to buy things like boats. With appreciation dried up, interest rates rising, and qualifying for loans getting tighter, there just isn't the capital to buy discretionary items now.

Couple the shortage of buyers with the dearth of slips and the down turn in realestate and you've got a pretty dismal market for toys.

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