Industry Insight

Once celebrated as Latin America's boating success story, Brazil's marine market has experienced a dramatic reversal of fortune that has left industry veterans stunned by its severity and scope. What was a thriving, vibrant sector just five years ago has transformed into an industry fighting for survival amid the country's worst economic and political crisis in decades. This stark transformation offers valuable...

The UK marine industry continues to demonstrate remarkable resilience and innovation, generating £2.93 billion in revenue in 2014 – a modest but significant 1% increase over the previous year's performance. This growth, while unspectacular, reflects the cautious return of business confidence in a market that has weathered considerable economic and political uncertainty. What makes the UK marine sector particularly interesting is its...

The Gulf Cooperation Council (GCC) region, with its stunning coastlines, year-round sunshine, and wealth of natural harbors, has long been viewed as a promising frontier for the global marine industry. Once heralded as a potential lifeline for boat manufacturers and equipment suppliers during the 2008 global financial crisis, the Gulf marine market has since experienced a series of dramatic ups and downs...

Uruguay's strategic position between Brazil and Argentina, combined with its import-friendly regulations, makes it an attractive gateway for marine businesses looking to expand into South America. Despite being the second smallest country in the region with just over 3.3 million people, Uruguay offers significant potential for marine equipment suppliers due to its growing boating community, extensive waterways, and preference for quality international...

The US marine equipment market is showing promising signs of recovery, with growth in the mid-single digits and aftermarket accessory sales reaching an impressive US$5.6 billion in 2014. While the industry has not fully returned to pre-recession levels, innovation and strategic adaptation have positioned many companies for sustainable growth in this leaner, more efficient marketplace. According to both statistical and anecdotal data,...

The United States marine market has long been a bellwether for the global boating industry, and in 2013, it earned the distinction of being the first major boating market to show meaningful signs of recovery following the devastating global recession. However, this comeback has been anything but uniform, with some segments surging back to pre-recession levels while others continue to struggle. This...