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The boatbuilding market - 2012, signs of recovery

by CompositesWorld.com on 22 Feb 2012
In the span of just three years, the total retail value of new boats dropped from a decade high of $9.578 billion (USD) in 2006 to just $5.670 billion in 2009. But there was evidence in 2011 of cautious optimism, especially in small-boat production, where manufacturers are going forward with new model introductions that were delayed due to the recent recession. Source: Specialty Products Inc. Specialty Products Inc
No other composites end-market suffered more during the recession than marine. Data from the National Marine Manufacturers Assn. (NMMA, Chicago, Ill.) show, for example, that for powerboat dealers, retail sales during the past decade peaked in 2001 at 311,700 units and then hovered around 300,000 units until 2007, when they dropped modestly to 267,300 units.

In 2008, however, there was a more dramatic drop to 203,000 units, and in 2009 the floor fell out as new powerboat sales plunged to 153,550 units. In the span of just three years, shipments of new boats were reduced by almost half. During that period, the total retail value of new boats dropped from a decade high of $9.578 billion in 2006 to just $5.670 billion in 2009.

Full story: http://www.compositesworld.com/articles/the-markets-boatbuilding-2012
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