Industry Analysis & Industry Trends
The Boatbuilding and Repair Services industry has been affected by so much misfortune in recent years. Industry revenue has taken a beating and has fallen by an annualised rate of 1.7% in the five years through 2012-13. After struggling through cold demand conditions brought about by the global financial crisis, the industry was caught in a literal storm when the Queensland flood hit in 2011. Although the episode wiped away much sentiment for boat purchases, the industry began its restructure and recovered strongly in 2011-12. The industry is expected to grow by 9.1% to reach $1.58 billion in 2012-13 on the back of strong foreign demand.
The industry had enjoyed strong growth prior to 2007 when the global economic downturn hit... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry has experienced a major shakeout period during the past five years. Establishment numbers, profit margins and employment numbers have decreased significantly - displaying classic characteristics of a declining industry. The global economic downturn and various natural disasters are to blame for the dismal performance of the industry in the past five years. Despite that, there are reasons to believe that the industry is in fact still in the mature phase of its life cycle. The boatbuilding market is fragmented with many small players in the industry. Technological breakthroughs are also still evident in the industry - another indication of a growing or maturing industry.
IBISWorld determines the life cycle of an industry based on several proxies... purchase to read more