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The Recreational Boat & Yacht Building industry has beenvolatile in the past five years with the overall trend beingdownwards. The dramatic rise and fall in fortunes can be directlylinked to the recession as pleasure and sports boats arediscretionary purchases. Since the recession, the industry hasshown signs of recovery but has been subdued, with industry revenueyet to return to pre-recession levels. Over the five years through2017-18, industry revenue is forecast to grow as orders come in andare filled. For these reasons, industry research firm IBISWorld hasupdated its report on the Recreational Boat & Yacht Buildingindustry. The Recreational Boat & Yacht Building industry has beenvolatile in the past five years, with industry revenue growing by24% in 2007-08 before declining by 10% in 2009-10. According toIBISWorld industry analyst Caroline Finch, "the overall trendhas been downwards, with industry revenue expected to contract atan annualised 5.8% over the five years through 2012-13". Thedramatic rise and fall in fortunes can be directly linked to therecession. Pleasure and sports boats are discretionary purchases.As the industry completed its order book heading into 2008-09, newcustomers were put off by growing global uncertainty. Revenue fellin the years that followed. Balloon payments for goods completed in2008-09 masked the true extent of the drop in demand. In response, the industry has slashed employment and wages toprotect profitability. Average industry profits fell sharplybetween 2007-08 and 2009-10. Declining revenue and activity meantthat final payments by mega yacht customers in 2008-09 contributedto a huge profit margin as the industry cut employees andpurchases. Since then, the industry has shown signs of recovery buthas been subdued, with industry revenue yet to return topre-recession levels. Finch adds, "the lull in new ordersmeans that it will take a few years before activity picks upsignificantly, even though segments of the industry haveoutperformed and demand for luxury yachts remains strong". In2012-13, industry revenue is expected to fall by 5.7% to£913.5 million. Over the five years through 2017-18, industryrevenue is forecast to grow as orders come in and are filled. Thegrowth will be skewed towards the end of the period as the next twoyears continue to be marked by subdued demand resulting from anuncertain economy, the drought affecting domestic demand forcanalling and tighter controls on credit. The Recreational Boat & Yacht Building industry has a mediumlevel of market share concentration. The industry's largest playersare concentrated in the super-yacht and luxury markets, with onlyone equipment supplier among them. As a result of the industry'ssupply chain, the major players have more power than their revenuesuggests. Downstream suppliers of boat equipment, components andlabour subcontracting work closely with the major players. Majorcompanies include Sunseeker International, Princess YachtsInternational, Fairline Boats and Raymarine UK. For more information on the Recreational Boat & Yacht Buildingindustry, including latest industry trends, statistics, analysisand market share information, purchase the full report fromIBISWorld, the nation"s largest publisher of industryresearch. IBISWorld industry Report Key Topics This industry manufacturers recreational boats in the UnitedKingdom. This includes the construction of man powered, sail andmotor boats. Industry operators also manufacture small amounts ofsupport equipment such as life jackets and rigging. Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalisation & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios About IBISWorld Recognised as the nation"s most trusted independent source ofindustry and market research, IBISWorld offers a comprehensivedatabase of unique information and analysis on many UK industries.With an extensive online portfolio, valued for its depth and scope,the company equips clients with the insight necessary to makebetter business decisions. Headquartered in London, IBISWorldserves a range of business, professional service and governmentorganisations through more than 10 locations worldwide Last Updated ( Friday, 11 May 2012 ). We are high quality suppliers, our products such as China Rubber Brake Pads , Silicone Rubber Roller Manufacturer for oversee buyer. To know more, please visits Silicone Rubber Plugs.
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