More IBI Market News – Page 6
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NewsITR sees declining US boat production over next two years
US boat production expected to decline in next 12 months, but swift recovery predicted
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Sweboat reports stable market
As the Scandinavian boating season comes to an end, Sweboat, the Swedish marine industry association, says its member companies are reporting stable sales and positive growth in certain segments of the market compared to this time last year.
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Small motorboats driving boat sales in Finland
New boat registrations saw a sigificant boost in the first half of the year, helped by warm, early Spring weather
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Wells Fargo: US business owners bullish on current economic environment
New data from US financial services provider Wells Fargo shows US business owners across a broad spectrum of sectors reporting continuing revenue growth while demonstrating little concern that their businesses could be impacted by American trade policies.
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Poland to launch new yacht registration system in 2020
Poland’s law on the registration of yachts and other craft of up to 24m (79ft) is set to enter into force on 1 January 2020, introducing new fees for local yacht owners and capping them based on a percentage of the country’s minimum wage.
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Great Lakes marinas prepare to assess flood damage
Marina operators in one of North America’s premiere boating regions are hopeful that recent declines in water levels could signal the end of months of flooding and record-high water levels. Now, planning for the cleanup begins.
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Boat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
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Leading boatbuilders to benefit from large-scale charter fleet order
The Moorings, Sunsail and Footloose have announced a $130m investment in new charter products by parent company Travelopia Yachts. Jenneau, Beneteau, Lagoon and Robertson Caine are among the brands which will be receiving orders according to the charter operator
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Polboat president delivers Polish industry update
The Wind Water boat show in Gdynia, on the shores of the Baltic Sea in northern Poland, opened yesterday with 100 exhibitors and 200 boats on land and on water. The show was met with glorious sunny weather coupled with a cool breeze – ideal for the show, ...
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US powerboat registrations continue to climb through May
New powerboat registrations in the US were up 3.3% through May on a rolling 12-month year-over-year basis but up just 1% on a rolling 3-month year-over-year scale, according to the latest data from the National Marine Manufacturers Association (NMMA).
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US pontoon, watersport, fishing and trailer boat sales up
NMMA releases latest Statistical Abstract for 2018
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Spanish boat registrations up 6.2%
Spain’s National Association of Nautical Companies (ANEN) has announced that the country’s recreational craft registrations grew by 6.2% year-on-year to 3,489 units in the first half of 2019.
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Superyacht refit 2019
IBI ’s global round-up of the key superyacht refit operators and the work being carried out in 2019
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Healthy 2018 sales for US pre-owned boats
Pre-owned boats represented 71% of all unit sales in America last year – considered a healthy level for the overall market
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US powerboat sales up in 2018
America’s NMMA continues the release of its 2018 US Recreational Boating Statistical Abstract which shows, among other positives, an 11-year high of outboard-powered new boat sales at 177,600 units.
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Vietnam and China: same yacht potential, different yacht approach
In many ways, Vietnam and China mirror each other in stunning and rapid wealth creation, making both prime markets for high-end yacht sales, but the way each country’s government embraces big boats is having opposite effects.
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2018 US boat sales highest in a decade
As the unofficial start of the US boating season gets underway this holiday weekend, the National Marine Manufacturers Association (NMMA) reports that new powerboat sales for 2018 increased 4% over the previous year to 276,000 units, the highest level in 11 years.
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Deloitte Boating Market Monitor highlights continued growth in global boating market
The annual Boating Market Monitor, prepared annually by Deloitte for Nautica Italiana, shows that the global market continued to rise in 2018 and reached a value of €22bn, with the Italian industry accounting for 2%. The findings were presented last week at the Versilia Rendez-Vous in Viareggio, Italy.
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Russia looks to generate $1bn revenues from yachting in the next few years
It might seem ambitious, but a mix of government incentives, restrictions on overseas vacations and an emerging middle class are fuelling potential
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Strong 2018 for Dutch SY sector
Dutch superyacht yards delivered over €1.5bn worth of 30m-plus yachts to owners last year, with a further 60 superyachts in various stages of construction.
