IBI Country report
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Europe Round Up | Overview: Slowdown bites but signs of optimism
The slowdown in global markets is impacting Europe’s leisure marine sector as rising inflation and interest rates have caused a cost-of-living crisis across much of the continent. Eurostat data reveals that annual inflation in EU countries averaged 9.2% in 2022 – Estonia saw rates hit 19.4%. Not surprisingly consumer confidence ...
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Lithuania : Unlocking potential
There is water, there is demand, and finally it seems vital infrastructure development is starting to happen. This report was conducted in association with EBI as part of their #MadeInEurope campaign
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China | Electric outboards: Chinese hit full throttle
IBI reviews the latest developments at China’s key electric outboard and inboard manufacturers
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China | Boatbuilder perspective: Latest from Heysea Yacht & Fujian Yihong Yacht’
One of mainland China’s major boatbuilding brands is Heysea Yacht, which builds a range of production and full custom motor, sailing cats and superyachts across three brands at its facility in Jiangmen, Guangdong.
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China | Overview: Road to recovery
The Chinese leisure marine sector is bouncing back post-Covid, as key regions look to build on growing boating interest
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Ireland | Overview: Change for the better
The Celtic Tiger has been slumbering of late, its leisure marine sector long-plagued by short-sighted officialdom, but could all that be changing? The Covid boating boom has given fresh impetus to industry and to a government that shows signs of waking up to boating’s true potential. This report was conducted ...
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Ireland | Marinas: Booming demand choked by red tape. Could that all be about to change?
Marinas in Ireland are experiencing extremely healthy demand for berths, with operators reporting long waiting lists.
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South Korea | Overview: Technology for the win
South Korea has had a leisure boating sector for less than 20 years, but in that time the budding industry has established itself as a global leader in the development of next-generation boating technology
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South Korea | Technology: Off the charts
While South Korea may be a relatively new player in the marine electronics sector, it is rapidly gaining global prominence on the strength of truly eyebrow-raising innovations
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South Korea | Marinas: The more, the merrier
An initial government commitment to develop four marinas has since blossomed into a much broader strategy to create more than 70 first class facilities in all, catering to everything from fishing vessels to superyachts
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South Korea | Exports: Competing on quality
A steadily growing presence at international boat shows and industry trade events like IBEX and METSTRADE confirms South Korea’s growing stature as a developing exporter of marine parts and equipment
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USA | Overview: Back to the future
As the frantic sales environment of the Covid-19 pandemic fades into memory, the US boat market enters that much anticipated new normal that is on one hand familiar, yet on the other hand different as baby boomers slowly cede market dominance to a new generation of buyers
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US | Financing: Readily available, but at what cost?
As boat builders work to rebuild pipelines different approaches to inventory and financial management are beginning to emerge, as some dealers return to pre-pandemic inventory levels and others choose to operate with leaner stock levels and more of a just-in-time approach
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US | Balancing act: A renewed focus on affordability
With younger buyers still looking to engage a boat market that’s been challenged by inflationary pressures and multiple interest rate hikes, US boat builders are innovating to maintain an affordable path to entry