Yachting

Floating Docks Industry Set to Flourish - Global Forecasts to 2029 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 19, 2024
Other Manufacturing, Other Sports, Sports, Maritime, Transport, Specialty, Manufacturing, Yachting, Powerboating, Retail, USD, Research, Tourism

The latest industry analysis highlighting a comprehensive outlook and forecast for the Global Floating Docks Market through the years 2024-2029 has been released and added to our prominent research repository.

Key Points: 
  • The latest industry analysis highlighting a comprehensive outlook and forecast for the Global Floating Docks Market through the years 2024-2029 has been released and added to our prominent research repository.
  • A detailed study has unveiled a promising valuation for the global floating docks market, which stood strong with a market size of USD 670.00 million as of 2023.
  • The industry is ripe with opportunities, primarily steered by the rising preference for modular floating docks and an uptick in water-based recreational, commercial, and industrial activities.
  • On the materials front, concrete floating docks dominated the market, echoing an industry preference for durable, sturdy, and environmentally congenial construction materials.

Global Yacht Market Outlook 2024-2029: Emerging Players from Asia-Pacific Making Waves as Europe Holds the Dominant Spot - ResearchAndMarkets.com

Retrieved on: 
Monday, March 11, 2024
Maritime, Sports, Transport, Manufacturing, Yachting, Other Manufacturing, Culture, Growth, Name, Sunseeker, Perception, Romanticism, Small-waterplane-area twin hull, Burgess, SWATH, System, Ecosystem, USD, Ferretti Group, Engineering, Shipbuilding

The yacht market is marked by intense competition among global and regional players, each vying for a share in the lucrative luxury boating industry.

Key Points: 
  • The yacht market is marked by intense competition among global and regional players, each vying for a share in the lucrative luxury boating industry.
  • Europe holds the most prominent share of the global yacht market, accounting for over 35% in 2023.
  • With its vast maritime history, Europe boasts a captivating market defined by its coastlines and inclination for extravagant living standards.
  • Additionally, emerging players in the yacht industry from the Asia-Pacific region are making notable strides, adding a new dimension to the market's competitive dynamics.

MarineMax Announces New Stock Repurchase Program

Retrieved on: 
Monday, March 11, 2024
Lifestyle, Retail, Sports, Luxury, Consumer, Powerboating, Yachting, HZO

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that its Board of Directors approved a new stock repurchase plan.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that its Board of Directors approved a new stock repurchase plan.
  • Under the plan, the Company is authorized to repurchase up to $100 million of its common stock during the period beginning today and ending March 31, 2026.
  • The new stock repurchase program allows MarineMax to purchase common stock from time to time in the open market or in privately negotiated block purchase transactions.
  • The Company intends to repurchase shares to mitigate the dilutive effect of restricted stock, and shares repurchased may be reserved for later reissue in connection with employee benefit plans and other general corporate purposes.

Yamaha Joins Fuel Cell & Hydrogen Energy Association Supporting Multiple Technology Solutions to Carbon Neutrality

Retrieved on: 
Tuesday, January 30, 2024
Environment, Other Manufacturing, Environmental, Social and Governance (ESG), Fishing, Engineering, Environmental Health, Maritime, Transport, Manufacturing, Other Technology, Other Energy, Sports, Other Science, Research, Alternative Energy, Energy, Climate Change, Technology, Science, Sustainability, Yachting, Sailing, Powerboating, Professional Services, Outdoors, Green Technology, Hydrogen, Multimedia, International Council, Policy, Internet of things, Legislation, Pathway, Yamaha Motor Company, Fuel cell, ICOMIA, Government, GHG, Carbon, Organization, Ship, CO2, United, Ricardo PLC, USCG, Human, EPA, TNO

Yamaha Motor Corporation, U.S.A. joined the Fuel Cell & Hydrogen Energy Association (FCHEA) alongside hydrogen producers, infrastructure providers, engineering firms and other off takers as part of its pursuit of multiple technology solutions to achieve carbon neutrality.

Key Points: 
  • Yamaha Motor Corporation, U.S.A. joined the Fuel Cell & Hydrogen Energy Association (FCHEA) alongside hydrogen producers, infrastructure providers, engineering firms and other off takers as part of its pursuit of multiple technology solutions to achieve carbon neutrality.
  • “Yamaha plans to work diligently with FCHEA to advance hydrogen energy and fuel cell policies,” said Martin Peters, Director, Yamaha Marine External Affairs, who will serve on the organization’s board of directors.
  • FCHEA represents more than one hundred leading organizations advancing production, distribution, and use of innovative, clean, safe, and reliable hydrogen energy.
  • FCHEA educational efforts promote the environmental and economic benefits of hydrogen energy and fuel cell technologies.

 Innovation Takes Center Stage as U.S. Boat Sales Cool Following COVID-Era Demand Surge

Retrieved on: 
Thursday, January 11, 2024
General Sports, Environment, Oil, Gas, Energy, Sailing, Powerboating, Vacation, Automotive, Cruise, Transportation, Destinations, Travel, Men, Fishing, Maritime, Yachting, Other Manufacturing, Transport, Consumer, General Automotive, Sustainability, Automotive Manufacturing, Sports, Manufacturing, Economics, Family, Food, Health, NMMA, Multimedia, Insurance, Friends, Relaxation, Bureau of Economic Analysis, Freedom, Hydrogen, Quality of life, Investment, Water, Marketing, GHG

View the full release here: https://www.businesswire.com/news/home/20240110609636/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240110609636/en/
    Personal watercraft are often a gateway to boating given their entry-level pricing and ease of use.
  • This is specifically driving propulsion technology innovation with boats running on sustainable marine fuels, hydrogen, electric and hybrid propulsion systems.
  • Recreational boating isn’t just for the one percent: 61% of boaters have an annual household income of $100,000 or less.
  • Leading the nation in sales of new powerboat, engine, trailer and accessories in 2022 were the following states:

Volvo Penta Advances Intelligence and Decarbonization at Sea with IPS Professional Platform

Retrieved on: 
Wednesday, January 10, 2024
Software, Sports, Data Management, Consumer Electronics, Technology, Environment, Other Manufacturing, Green Technology, Maritime, Yachting, Transport, Manufacturing, Penta, Volvo Penta, Volvo, IPS, Multimedia, ICE, EVC, Dynamic positioning, Wynn Las Vegas, Glass cockpit, Consumer Electronics Show, Water, CES, Automotive industry

Volvo Penta unveils its new IPS Professional Platform, the industry’s most advanced technology and propulsion platform for superyachts and commercial marine vessels.

Key Points: 
  • Volvo Penta unveils its new IPS Professional Platform, the industry’s most advanced technology and propulsion platform for superyachts and commercial marine vessels.
  • The Volvo Penta IPS Professional Platform builds on the company’s proven Inboard Performance System (IPS) and Electronic Vessel Control (EVC) technology with unique enhancements for larger vessels.
  • Commercially available in 2025, the Volvo Penta IPS Professional Platform was developed with ease of operation, versatility, and efficiency in mind.
  • The Volvo Penta IPS Professional Platform is designed to deliver a seamless and intuitive experience, making operations easier, safer and more enjoyable for even the most seasoned professional.

MarineMax to Acquire Williams Tenders USA, Complementing its Luxury Yacht and Superyacht Offerings

Retrieved on: 
Monday, January 8, 2024
Retail, Luxury, Maritime, Sports, Transport, Yachting, Acquisition, Growth, HZO, Tender

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has entered into a definitive agreement to acquire Williams Tenders USA, Inc.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has entered into a definitive agreement to acquire Williams Tenders USA, Inc.
  • Headquartered in Pompano Beach, Florida, Williams Tenders USA is a premier distributor and retailer for UK-based Williams Jet Tenders Ltd., the world’s leading manufacturer of rigid inflatable jet tenders for the luxury yacht market.
  • “Williams Tenders USA complements our product and service offerings, enhancing the value we provide to yacht and superyacht customers,” stated Brett McGill, Chief Executive Officer and President of MarineMax.
  • Like MarineMax, Williams Tenders USA is a business that is passionate about the boating lifestyle.

Global Yacht (Propulsion, Category, Type, Length, & Region) Market Insights and Forecasts, 2022 and 2023-2026 - ResearchAndMarkets.com

Retrieved on: 
Friday, December 15, 2023
Retail, Luxury, Maritime, Sports, Transport, Yachting, HNWI, Sea Group, Culture, Superyacht, Ecosystem, Composite, COVID-19, UHNWI, Admiral, Ferretti, Growth, Propulsion, Inboard motor, Sailing, Noise, Video game, Shipbuilding, Broker, Super

The global yacht market is expected to reach US$12.36 billion in 2023, growing at a CAGR of 7.02% during the forecast period.

Key Points: 
  • The global yacht market is expected to reach US$12.36 billion in 2023, growing at a CAGR of 7.02% during the forecast period.
  • Some of the variables driving market growth include a rise in income inequality, increased disposable income, and a favourable macroeconomic outlook.
  • By Propulsion: The market report has segmented the global yacht market into three segments in terms of propulsion: Outboard & Inflatables, Inboard, and Sailing.
  • By Type: According to report, the market has been segmented into five segments on the basis of type: Super Yacht, Sport Yacht, Flybridge Yacht, Long Range Yacht, and Others.

Greg Sharrow, CEO and Founder of Sharrow Engineering and Sharrow Marine, Appointed to Board of Directors of the National Marine Propeller Association

Retrieved on: 
Tuesday, December 12, 2023
Engineering, Maritime, Sports, Transport, Manufacturing, Yachting, Machinery, NMPA, Multimedia, Professional, Partnership, Growth, Propeller, Certification, Education, Management, Nursing

Sharrow Engineering and Sharrow Marine, the industry leader in high-performance propeller design, is proud to announce that CEO and Founder Greg Sharrow has joined the National Marine Propeller Association (NMPA) Board of Directors.

Key Points: 
  • Sharrow Engineering and Sharrow Marine, the industry leader in high-performance propeller design, is proud to announce that CEO and Founder Greg Sharrow has joined the National Marine Propeller Association (NMPA) Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20231212877189/en/
    Greg Sharrow, Founder and CEO of Sharrow Engineering and Sharrow Marine and inventor of the Sharrow™ Propeller.
  • “Being named to the National Marine Propeller Association’s Board of Directors is a tremendous honor,” said Greg Sharrow, Founder and CEO of Sharrow Engineering and Sharrow Marine and inventor of the Sharrow™ Propeller.
  • “I’m extremely pleased to welcome Greg Sharrow of Sharrow Marine to the NMPA Board of Directors following the just concluded elections,” said Mike Jones, President of the NMPA.

MarineMax Reports Fiscal 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Thursday, October 26, 2023
Retail, Maritime, Sports, Luxury, Transport, Powerboating, Yachting, Adjustment, IGY, EPS, Acquisition, NYSE, HZO, International, Aquaculture, Video game, Reinsurance, Pharmaceutical industry

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced results for its fiscal 2023 fourth quarter and full year ended September 30, 2023.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced results for its fiscal 2023 fourth quarter and full year ended September 30, 2023.
  • “Fueled by consumer demand for the boating lifestyle, sustained premium-segment momentum and our strategic marketing expertise, we delivered record revenue and generated 8% same-store sales growth in the fourth quarter.
  • Adjusted EBITDA1 for the quarter ended September 30, 2023 was $42.6 million, compared with $68.4 million for the same period last year.
  • MarineMax will discuss its fiscal 2023 fourth quarter and full year financial results on a conference call starting at 10:00 a.m.