IBI Country report – Page 2
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SpainDespite market cooling, Spanish industry remains optimistic for 2024
With the market returning to pre-Covid levels, Spain’s legion of niche builders are still managing to carve out sales
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SpainConfidence holds as big boat sector proves resilient
While Spanish boat registrations have increased year-on-year in the first eight months of 2023, many local dealers say the looming economic downturn in Europe could lower the demand for smaller craft. However, demand for mid- and large-sized boats is likely to remain strong.
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ElectrificationElectric boating on a roll, but significant hurdles remain for boatbuilding sector
While exact figures are unavailable, an estimated 30,000 electric vessels are already present on Dutch waters – and the mood these days is jubilant
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SpainDealers remain confident 2024 will deliver despite rate rises
Despite more protracted sales negotiations and rate rises forcing a wait-and-see attitude from some buyers, Spanish dealers are quietly confident 2024 will deliver
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NetherlandsSuperyacht builders collaborating for the greater good
Dutch superyacht sector targets fast tightening deadlines to deliver genuinely green vessels
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NetherlandsSuperyacht sector boost as firms diversify and adapt
Dutch manufaturers back innovation and new eco-friendly product offerings to keep one step ahead of the market
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Deck hardwareProfile | Vetus: New products, new partnerships
Veteran manufacturer on the success of its edgy new brand targeting young, active watersports enthusiasts
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Product Launch
Profile | DMS: Targeting global expansion
At the end of the year, DMS plans to launch its latest development, the AiO, which it believes will give the company an enormous boost
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LithuaniaUnlocking potential as vital infrastructure work gets underway
It is early days for sure, but the country appears finally to be opening up to leisure boating
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Asia PacificRoad to recovery as China looks to build on boating interest post Covid
The Chinese leisure marine sector is bouncing back post-Covid, as key regions look to build on growing boating interest
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Asia PacificChinese hit full throttle with electric outboard development
IBI reviews the latest developments at China’s key electric outboard and inboard manufacturers
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Asia PacificChina boatbuilders: 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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IrelandCovid boom stirs the Celtic Tiger
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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IrelandBooming 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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Asia PacificHow South Korea established itself as a next gen boating tech leader
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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Asia PacificAutonomous navigation development puts South Korea in driving seat
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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Asia PacificSouth Korea turbocharges marina infrastructure development plans
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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Asia PacificSouth Korea punching above its weight in export markets
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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ReportWelcome to Asia's fastest growing boating market
South Korea has emerged as a significant market for luxury goods and a formidable partner for boat builders looking to expand into the Asia-Pacific market
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USAWhat a difference a year makes
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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