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          1. Marinas Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/20/2020
            SIC Codes: 4493
            NAICS Codes: 71393
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Marinas Industry Profile

            Companies in this industry are engaged primarily in offering docking or storage facilities for pleasure boats. Major US companies include IGY Marinas, Safe Harbor Marinas, Suntex Marinas, and Westrec Marinas. Outside the US, major marinas include Hong Kong-based Gold Coast Yacht and Country Club, Dubai Marina Yacht Club, and Mulpha Australia's Sanctuary Cove.

            Global spending on leisure boats, an indication of demand for marina services, is projected to grow from approximately $38.5 billion in 2018 to $56.3 billion by 2026, according to market intelligence firm Fior Markets. The US and Europe are the world's two largest recreational boating regions, accounting for about 80% of the global market, according to the National Marine Manufacturers Association. The Middle East is a growing market for the marina industry, led by new major waterfront projects in Dubai.

            The US marina industry includes about 3,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by ownership rates for power boats and sailboats. The profitability of an individual marina depends on location and good marketing. Large companies have the resources to advertise and negotiate better prices with suppliers, builders, and maintenance firms. Small companies can compete by offering customized services or preferred locations. The US industry is highly fragmented: the top 50 companies account for 20% of industry revenue. More than 90% of US marina operators have ...

             
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