Overview

Murky waters: Increased popularity of grey imports has reduced industry revenue

The Marine Equipment Retailing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2012 - 2017
-1.4%
Annual Growth
2017 - 2022
Profit
Employment
3,372
Business
857

Industry Threats & Opportunities

  • Growth in the volume of grey imports purchased by Australian consumers has constrained revenue
  • Demand for new and second-hand boats has grown strongly over the past five years
  • Stronger consumer sentiment will support demand for luxury industry products

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    Industry Analysis & Industry Trends

    Marine equipment retailers have endured hard times over the past five years. Industry trading conditions have been challenging due to volatile consumer sentiment, which negatively affected spending on discretionary purchases such as boats. Industry performance has also been hindered by the increasing popularity of grey imports, a term for new or used goods legally imported outside traditional supply channels. This has created industry bypass, reducing industry revenue over the past five years. Industry revenue is expected to decline at an annualised 1.4% over the five years through 2016-17, rising by just 0.4% over 2016-17, to total $1.40 billion.

    Growth in the volume of grey imports purchased by Australian consumers has constrained industry revenue over the past five years. A...

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    Industry Report - Starting a New Business Chapter

    The industry has low barriers to entry, and the trend is steady. Industry concentration and competition are low, which is an incentive for new operators to enter the industry. Due to the lack of a major player, there is sufficient space available for new players to gain a share of the industry. Furthermore, external players have little influence on the industry due to the specialised nature of products sold by operators.

    New operators are also encouraged to enter the industry due to its capital intensity and rate of technological change, which are both low. Initial capital requirements include the cost of establishing a new store (cost of fit-out and capital stock) or purchasing an existing business. Whi..

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    Additional Insights for the Marine Equipment Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Marine Equipment Retailing Industry are

  • Membership of an industry organisation
  • Experienced work force
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Marine Equipment Retailing industry impact industry performance..

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    Industry Products

    What is the Marine Equipment Retailing Industry?

    Industry operators primarily sell new and used boats, outboard motors, boat trailers, marine accessories, yachts and sailing or nautical accessories. These products are often purchased from wholesalers and then resold to consumers. Businesses that primarily retail sailboards, canoes or wetsuits, repair boats or hire pleasure crafts are excluded from the industry.

    Industry Products
    New marine equipment
    Used marine equipment
    Industry Activities
    Boat retailing (new and used)
    Boat trailer retailing
    Marine accessory retailing
    Outboard motor retailing
    Sailing or nautical accessory retailing
    Yacht retailing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household discretionary income
  • Cash rate
  • Average weekly hours worked
  • Expenditure on recreation and culture

  • Current Performance
  • Trading conditions
  • Profit and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Trading conditions
  • Profit and competition
  • Table: Marine Equipment Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Marine Equipment Retailing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Police and Firefighting Services
  • Consumers
  • Water Passenger Transport

  • Key Selling Industries
  • Boatbuilding and Repair Services
  • Mining and Industrial Machinery Wholesaling

  • Products & Services
  • New marine equipment
  • Used marine equipment
  • Other
  • Chart: Marine Equipment Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 55 and over
  • People aged 35 to 54
  • Businesses and other organisations
  • People aged 15 to 34
  • Chart: Major Market Segmentation for the Marine Equipment Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Marine Equipment Retailing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Marine Equipment Retailing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Marine Equipment Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Marine Equipment Retailing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Grey Imports
  • New and second-hand goods that are legally imported outside traditional supply channels and are therefore subject to minimal restrictions.
  • Point-Of-Sale (Pos) System
  • Used at checkout points to capture data at the time and place of sale.
  • Sea Change
  • Consumers moving towards coastal townships in search of a more relaxed lifestyle.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Marine Equipment Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Marine Equipment Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Marine Equipment Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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