Boat-Yacht-Ship Accessory 2; #12183

Total Value of the Boating-Yacht-Ship Industry (Various Sources):

Recreational Boating Market size surpassed USD 35 billion in 2020 and is anticipated to grow at over 6.5% CAGR between 2021 and 2027. Rising consumer expenditure on leisure boating activities owing to increasing disposable income in Europe and North America is driving the industry growth. Source: Global Market Insights, www.gminsights.com.

Total recreational marine expenditures reached a high of $39 billion in 2017, up 6.5% from 2016. An estimated 262,000 new powerboats were sold in 2017, an increase of 4.7 percent compared to 2016. Annual U.S. retail sales of new boats, marine engines and marine accessories totaled $20.1 billion in 2017, an increase of 9.5 percent. Americans are taking to the water: 141.6 million Americans (adults & children under the age of 18) went boating in 2016. Boats are made in America: 95 percent of powerboats sold in the U.S. are made in the U.S. There were an estimated 12 million registered boats in the U.S. in 2017. 95% of boats on the water (powerboats, personal watercraft, and sailboats) in the U.S. are small, towable boats under 26 ft. It’s not just new boats Americans are buying; there were an estimated 988,200 pre-owned boats (powerboats, personal watercraft, and sailboats) sold in 2017, an increase of 0.7. Boating is primarily a middle-class lifestyle as 62% of American boat owners have an annual household income $100,000 or less.

Source: National Marine Manufacturers Association, 2017 U.S. Recreational Boating Statistical Abstract, 2016 Recreational Boating Participation
Study. See: b2b.discoverboating.com

Recreational Boating Market – Segmentation:

• The global outboard boat market expects to reach USD 22.92 billion by 2026. Outboard boats are one of the largest selling boats in the North American region. With technological improvements, the demand for high-performance outboard boats has grown considerably.
• In terms of unit shipment, the global engine-powered boat market is likely to reach 882,365 units by 2026, growing at a CAGR of 10.98%. The growing demand for small and medium-sized vessels for fishing and recreational activities would support the market growth of outboard engines during the forecast period. Outboard motors allow boat manufacturers to offer customers ample interior space on boats along with enhanced engine power.
• The global cruising market expects to reach USD 54.41 billion by 2026, growing at a CAGR of 11.05%. Developing economies such as APAC have emerged as critical regions witnessing a significant increase in the passenger base. For instance, Mainland China dominates the Asian market, accounting for close to 56% of the Asian passenger volume in 2019. Most source markets in Asia observed YOY gains in 2019, except for Mainland China and Malaysia.
  Source: www.prnewswire.com.

In 2017, there were an estimated 30 million recreational boats in the world. These are boats and ships dedicated to leisure, whatever their size. This figure does not include cruise ships. This includes fishing vessels with and without GPS system. Source: www.scmo.net.

For information on other statistics including registered boats in foreign countries please see: www.godownsize.com for more information.

Requirements For National, Regional, or Global Commercialization:

1) Global Intellectual Property Cooperative Development Agreements. (To Be Discussed.)

2) Patent Litigation & Defense Fund/Insurance Cooperative Agreements. (To Be Discussed.)

3) Engineering, Development & Prototyping Cooperative Agreements. Estimated time required = 6 months to a year. (To Be Discussed.)

4) Key Executive & Project Commercialization Team Agreements, Employee Agreements, Recruiting Firm Agreements, Third-Party Operations Management Agreements, Installation & Service Technician Agreements, Warranty Services Agreements, and other Third-Party Consulting Agreements. (To Be Discussed.)

5) Production Manufacturing & Tooling Agreements. (To Be Discussed.)

6) Internal and External Marketing & Sales Agreements. (To Be Discussed.)

7) Website Development & Management Agreements; Social Media Development & Management Agreements; Online Advertising & Public Relations Agreements; E-commerce & E-Store Development & Management Agreements. (To Be Discussed.)

8) Distribution, E-Store, Manufacturing Rep, and Channel Partners Alliance Partner Agreements. (To Be Discussed.)

9) Equity Crowd Funding Platform Agreements; Fund-Raising Agreements; Loan, Credit Line, or other Financing Agreements; Business Broker Agreements, Merger & Acquisition Advisory Agreements, and or other related Agreements. (To Be Discussed.)

*NOTICE: Further Agreements or Other Agreements may be required for National, Regional, or Global Commercialization that may pertain to the project above. The Agreements shown above are only general requirements. Please further note that Uriel Corporation® (DBA: Epic Ventures™) reserves the right to cancel, abandon or withdraw, edit, amend, or replace this project for another project at its sole discretion. Uriel Corporation® (DBA: Epic Ventures™) reserves the right to remove this project from its activities, from its commercialization interests and from its pursuits. Please note that a listing on this site does not guarantee that this project will be commercially available, nor does a listing on this website guarantee that Uriel Corporation® (DBA: Epic Ventures™) will pursue any actual or potential collaborations with third parties. A project listing on this site does not guarantee that third parties will be able to participate in the commercial pursuit of this project or related ventures. Collaborations that might result from this listing are not guaranteed to succeed. Collaborators that wish to work with Uriel Corporation® (DBA: Epic Ventures™) on this project do so entirely at their own risk. Collaborators are urged to perform their own proper due diligence and they are urged to seek their own counsel to determine whether they should participate in this commercialization venture. All information, documents, designs, plans or other materials that may be obtained or communicated from Uriel Corporation® (DBA: Epic Ventures™) that may pertain to this project are the property of Uriel Corporation® (DBA: Epic Ventures™) and may be used by the recipient only for the purposes specifically intended by Uriel Corporation® (DBA: Epic Ventures™). The information that may be transmitted, including any emails, attachments, phone communications, faxes, snail mail, virtual meetings, physical meetings, or communications otherwise, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, re-transmission, dissemination, or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. All collaborators shall agree to enter into NDAs/Non-Compete Agreements that will be required before any collaborations related to this project are further formalized in writing.