Positive Outlook for 2015 at CWM FX London Boat Show
There has been a real positive atmosphere at CWM FX London Boat Show over the last few weeks as the UK leisure marine industry looks forward to the year ahead.
Ben Caddick of Val Wyatt Marine said “everyone’s positive, there's a real positive vibe going on at London Boat Show at the moment and people are selling boats and there’s good interest.”
Watch the video below to see what a variety industry experts predicted for the marine industry in 2015 whilst at the CWM FX London Boat Show.
The general feeling of positivity has been supported by British Marine Federation’s (BMF) recent figures showing significant industry growth despite challenges. Over the last three years the marine industry has reported positive growth and the new statistics state that in 2013/14 the UK leisure, superyacht and small commercial marine industry generated a total revenue of £2.9bn, showing a 1% increase on 2012/13. Richard Hewett from Clipper Marine told us: “we’ve had a very good year, we’ve had a record 8 months. Business is up in both new boats, brokerage boats has doubled this year, service and spare parts are up and it feels much better.”
As we found speaking to industry experts at the London Boat Show, 90% of surveyed BMF members in 2014 said they were feeling positive about future prospects. Keith Saynor from Northern Powerboats said: “I think the industry is starting to come round and we’ll start getting busier and busier this year, and then it will go forward.”
The main obstacle currently facing the industry is a lack of prosperity in the Eurozone economy, causing a disappointing 8.7% decrease in exports over the last year. However, international trade is still creating 32% of the marine sector’s total revenue, suggesting improvements to the Eurozone economy would have a significant boost to the entire industry in the UK. This situation has not been helped by the UK coalition government’s decision to withdraw ‘enhanced funding’ to the BMF, which had been promised earlier in the year. This extra funding would have assisted the BMF to support smaller marine businesses to begin exporting and help bigger businesses break new markets.
Despite these drawbacks, employment within the industry has become a real success story. Industry employment grew 2.7% in 2014 with 31,500 full-time jobs now supported by the marine industry. The industry has also been awarded ‘Trailblazer’ status for its support of apprenticeships, most notably in the boat building trade.
A general theme that occurred when speaking to experts at the boat show was that they believe that more and more people will be looking online to buy boats and accessories. Thomas Wills from Sunseeker Torquay said: “More and more, people are finding what they want on the websites, I think the mobile interface is very important. I do think that once people have found a boat on a mobile device, they want to look at it on a proper computer as I would call it.”
Many agreed that BoatsandOutboards is playing an increasingly important role in helping boat brokers sell boats and also encouraging a new generation of boating enthusiasts.
Find out just what the industry experts are talking about by exploring thousands of boats for sale here.