More IBI Market News
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NewsStudy: Covid-19 deals hammer blow to recreational inland boating in EU
The Renew Europe Group is urging the European Commission to draft an inland waterway crisis plan to deal with Covid-19
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Latest stats reveal Covid impact on Spain’s boating sector
Nearly 20% of all new boat registrations in Spain were from the Balearic Islands last year
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Kiwi boat ownership rockets
The latest marine industry data shows that boat sales are up significantly in New Zealand due to Covid-19
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US boat sales hit 13-year high in 2020; boom to continue
With heightened interest in outdoor recreation and ways to social distance, consumer demand for new boats is expected to carry over into 2021 and beyond
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US RV shipments expected to jump by near 20% this year
Full-year wholesale sales expected to eclipse 500,000 units in 2021
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Indian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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Yacht sales driving south Florida real estate values
High net-worth clients snapping waterfront property simply to have somewhere to park their new yacht
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US powerboat sales up 18% in October
The National Marine Manufacturers Association (NMMA) is reporting that sales of new powerboats in the US gained momentum in October, up 18% compared to September, and up 30% year-over-year on a seasonally-adjusted basis.
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Shanghai Boat Show news; 2021 prospects for China’s market
“After five years of dormancy, the market is now gaining momentum,” says Helena Gao, assistant general manager of Sinoexpo Informa Markets, in an interview with IBI. The company organises the forthcoming China International Boat Show to be held in Shanghai from April 1 st to 3 rd , ...
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Palma moves to capitalise on yacht maintenance boom
Palma de Mallorca in the Balearics is ripe for international promotion as a yacht maintenance centre, according to its Institute of Business Innovation. While virtually every business sector in Mallorca has been devastated by the coronavirus pandemic, Palma’s shipyards have been thriving with vessels requiring maintenance, with three yachts ...
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NZ boat importers report strong sales boom
Austrailian, US and Italian brands are among those finding success in New Zealand’s boat sales surge
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Wells Fargo: US small business owners cautiously optimistic
US bank survey of small business owners highlights expectations for economic recovery in 2021
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Connecticut takes issue with Federal economic analysis
The state of Connecticut is taking issue with US Bureau of Economic Analysis reporting that Connecticut trails other New England states in the share of the economy spent on outdoor recreation, prompting one state official to claim, “The report misses the forest for the trees.” Mason Trumble, deputy commissioner ...
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Cyber security top of the agenda for superyacht market
The increase in cyber security attacks – not only over past years but especially through the Covid-19 pandemic – means that protection against this threat is now ’top of the agenda’ for the operators and managers of superyachts. London, UK-headquartered Lloyd’s Register (LR), one of the world’s largest classification ...
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GMBA offers key market insights as part of ‘Export Webinar Week’
Global Marine Business Advisors offer practical insight into key boating markets in two-day boating industry up-date
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Malta claims to have world’s largest superyacht register
In a press conference given by Maltese Minister for Transport, Infrastructure and Capital Projects Ian Borg, it was stated that Malta now has the largest superyacht register worldwide. There are 850 vessels over 24m (78.5ft) on the Maltese register, a 7% increase since the end of 2019.
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EU: Covid-19 vaccines may be available in Europe as of December 15
The first Covid-19 vaccines may become available in Europe in the second half of December if the European Medicines Agency issues a conditional approval. EU Commission President Ursala von der Leyen said: “in the beginning, small amounts become available” for health care and other essential services workers and the ...
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ICOMIA publishes latest Statistics Book
The International Council of Marine Industry Associations (ICOMIA) has released the latest edition of its Recreational Boating Industry Statistics.
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Rescue statistics suggest increase in UK boating
The Royal National Lifeboat Institution attributes growth in watersports to Covid-19
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US posts second highest monthly boat sales in 10 years
After a brief respite in July and August, US new boat sales took off again in September, nearly beating the highest monthly sales in more than a decade.
