British Marine reported strong sales figures and continued industry growth at the recent 62nd London Boat Show, with hundreds of important meetings taking place throughout the duration of the marine event, taking place this year between the 8th and 17th January.
British Marine released the new figures on Monday demonstrating that the UK marine industry is continuing to grow for a fourth consecutive year. Many of the show’s exhibitors also reported an increase in sales completed at the show when compared to last year’s figures, including numerous multi-million pound deals.
The statistics show that industry revenue stands at £2.97bn for 2014/15, up 1.1% from 2013/14 with the domestic market continuing to grow, expanding from 68% of total revenue (2013/14) to 70% (2014/15). Particularly strong performances in the consumer sector emerged, led by boating tourism, brokerage and insurance and financial services, reinforcing the UK’s position as a global hub for marine consumer and business services.
Howard Pridding, chief executive of British Marine commented, “We are pleased to report that the UK marine industry continues to show growth, yet again demonstrating its value to the UK economy.
“Whilst some in the industry are feeling the effects of difficult trading conditions across the Eurozone and some of the BRIC countries, we are seeing strong demand across the world for UK expertise in consumer services, which is testament to the industry’s heritage in these areas.
“UK consumer spending in leisure activities and tourism also continues to rise, buoyed by low inflation and rising wages, and our industry, and particularly our members are seeing the benefits. We look forward to lots of business being done in 2016, beginning at the London Boat Show, and further growth across the industry in the year ahead.”
The 2016 show saw close to 400 boats showcased with several new member brands, including Adidas Sailing and Bainbridge International exhibiting for the very first time.
The London Boat Show 2017 has already been scheduled and will take place from 6th to 15th January 2017 at ExCeL London.
For more information visit London Boat Show