Industry Analysis & Industry Trends
Marine equipment retailers are experiencing hard times, with industry sales projected to post annualised growth of just 0.5% over the five years through 2012-13. Sales over this period have been affected by volatility in consumer sentiment and the weak performance of the retail trade sector. The trading landscape for marine equipment retailers has also been affected by the rising impact of grey imports (new and second-hand boats that are privately imported and subject to minimal restrictions), which have continued to erode potential sales for the industry. Trends in real household disposable income, leisure time availability and expenditure on recreation and culture also influenced the performance of marine equipment retailers during this period... purchase to read more
Industry Report - Industry Products Chapter
New boats, outboard motors and boat trailers
New boats, outboard motors and boat trailers account for the majority of products retailed by this industry. The sale of boats is primarily geared to the leisure and recreational market. Sales of new boats, outboard motors and trailers have struggled over the past five years. The collapse of global financial markets in 2008 led to mounting consumer uncertainty regarding the stability of the Australian market, which in turn limited consumer spending on new non-essential items such a boating goods... purchase to read more