Best performance since 2008 crisis

French trade association FIN (La Fédération des Industries Nautiques) has presented its key figures for the 2018 industry season in France.

With a growth rate of 5%, turnover of the marine industry and services reached €5.09bn in 2018 - the best performance since the 2008 crisis.

The increase is mainly due to exports, which reached 76.4% of production in 2018.

“This is undoubtedly good news for the entire leisure marine sector. We stay vigilant though, because uncertainties weigh on the international market,” according to Yves Lyon-Caen, President of the FIN.

The nautical sector places employment at the heart of its strategy. In 2018, the number of employees in leisure marine industries and services increased by 3.6% to 42,930 employees (direct employment). This trend is expected to continue in 2019-2020, according to a FIN survey.

Some 70% of the surveyed companies plan to recruit in the short term, and this for three main reasons: increased production, retirements (especially in the construction sector) and the launch of new activities.

“Over the past two years, job creation in the leisure marine industry has continued at an annual rate of about 1,000 positions,” says FIN. “Today, companies are facing shortage of human resources and are looking for new ways to attract qualified candidates.”

To help meet the companies’ employment objectives, FIN has launched several projects:

Negotiations on the modernisation of the collective labour agreement, in order to strengthen the attractiveness of the sector’s employment offer

Restructuring and strengthening the specific training programs to meet the geographical and skills needs of the companies and the creation of a vocational course for young high school graduates

“The studies we are currently conducting all over the country show that the sector influences directly and indirectly the creation of 140,000 jobs,” says Lyon-Caen. “At the FIN we focus on reforming our collective labour agreement, modernising our training courses, making our job offers more attractive and promoting the professional opportunities within our companies.”