Marine equipment retailers have endured hard times over the past five years, with industry revenue projected to decline at an annualised 0.9% over the five years through 2013-14. Industry trading conditions have been challenging due to volatility in consumer sentiment and the subdued retail economy following the collapse of global financial markets. Industry performance has also been hindered by growth in grey imports, which have eroded operators' revenue. Trends in real household discretionary income, leisure time availability and expenditure on recreational activities have also influenced the performance of marine equipment retailers during this period.
Industry operators primarily sell new and used boats, outboard motors, boat trailers, marine accessories, yachts and sailing or nautical accessories. These products are purchased from domestic and international wholesalers. Operators then retail these goods to consumers. Businesses that primarily retail sailboards, canoes or wetsuits, repair boats or hire pleasure crafts are excluded from the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.