More IBI Market News – Page 9
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NewsUS boatbuilders facing shortages “on just about everything”
Covid-19 impacts and rapid surge in demand for boats forcing multiple challenges to global supply chains
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New figures show UK boat sales surged in 2020
Demand for boats and other watersports craft in Britain were up 9% last year; new data from British Marine and Boats Group
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Hugelmeyer presents state of US boating industry by the numbers
Eradicating the EU’s 25% tariff on US boats is a top priority for NMMA going forward
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US wholesale boat shipments down 15% in 2020
Supply chain disruptions and workforce issues are key hurdles for American boat builders as they work through record low inventories and average back orders of up to 6 months, says the NMMA
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Covid-related supply chain disruption has many industries playing catch up
Data shows a growing gap between orders and delivery by suppliers
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Canada outboard engine sales soared in 2020
Last year was a record-breaker in Canada for outboard engine retail sales as Canadians took to the water in unprecedented numbers
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Monaco declares best December yacht sales ever
While 2020 started slow in Monaco, it turned out to be a record year
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Snapshot Malta 2020
Malta saw 708 new boats under 78ft registered in 2020, a 22% increase from 2019. Conversely, yachts over 78ft were down 12% from the previous year, with 432 new registrations.
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“Grow your own” may be answer to filling boating jobs
A company’s ability to attract and retain trade-level talent is particularly important right now
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Study: 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 1st to 3rd, 2021.
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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 ...
