DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vxp7mg/opportunity) has announced the addition of the "Opportunity Assessment for Composites in the Global Boating Industry 2013 - 2018" report to their offering.
The market for composite materials used in the global boat industry is expected to reach $1.2 billion in 2018 with a CAGR of 4.0% for the next five years, growing from a level of $954 million in 2013. The overall global boat industry is expected to witness a CAGR of 4.5% over the next five years and grow to $23.8 billion in 2018.
The demand for composite materials in the inboard boat market is the greatest followed by the other boat market. North America experienced the highest growth in 2012 followed by the Rest of World (ROW), Asia Pacific (APAC), and Europe regions in terms of composite material value shipment. The trend toward larger, more expensive boats will demand more and better composite materials; these boats tend to be better quality and require more exacting material performance from composites.
In terms of unit shipments, outboard boat is the largest market in the global recreational boating industry, followed by inboard and sterndrive. In terms of dollar shipment, however, the inboard and sterndrive boat market is the largest, followed by outboards.
Rapid growth trends in ROW, APAC, and other areas outside North America and Western Europe will put greater demand on suppliers for global and/or multi-area capabilities in terms of quality and consistency of composite materials, and supply chain breadth and reliability.
This report provides a detailed overview of the boat industry, global boat market analysis, major industry players, trend and forecast in the boat market, evolution of composite applications in the boat market, composite materials market analysis, boat manufacturing process analysis, trend and forecast for composite materials in the boat market, and more.
For more information visit http://www.researchandmarkets.com/research/vxp7mg/opportunity
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