The performance of the Recreational Boat and Yacht Building industry has been hampered by the economic downturn over the past five years. The deterioration of the industry over the first half of the period was caused by poor economic conditions in the United Kingdom and across the world. Pleasure and sports boats are discretionary purchases. Order books were bare in the years that immediately followed the recession as new customers became wary in the face of growing global uncertainty. As economic conditions have slowly become more buoyant, the industry's fortunes have also perked up. Strong growth in 2012-13 and expected growth of 3.4% in 2014-15 illustrate this.
Firms in this industry manufacture recreational boats and yachts. Industry products range from luxurious super yachts to inflatable boats and canoes.
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.