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Boat Building Global Market Report 2021: COVID 19 Impact and Recovery to 2030 By TBRC


$34.76 billion in 2020 to
$37.14 billion in 2021 at a compound annual growth rate (CAGR) of
6.8%. The boat industry growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach
$48.36 billion in 2025 at a CAGR of
6.8%.
The marine market size is however expected to still be impacted by the COVID-19 situation and its economic implications. With the majority of countries under government-imposed lockdowns, there has been a severe decrease in boating across the globe as boatyards have been forced to shut down. Operations of boat building companies and related industries, including terminals and ports, have been affected due to personnel having been advised to refrain from traveling or reporting to work ....

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Global Boat Building Market Report 2020: COVID-19 Impacts, Growth and Changes - Market to Recover in 2030 - Forecast to 2030


Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Boat Building Market Report 2020: COVID-19 Impacts, Growth and Changes - Market to Recover in 2030 - Forecast to 2030 - ResearchAndMarkets.com
January 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 8, 2021
Boat Building Global Market Report 2020-30: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global boat building market.
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Major players in the boat building market are Armstrong Marine USA Inc., Brunswick Corporation (BC), Survitec Group, Ancasta International Boat Sales Ltd, Metal Shark, Gulf Craft LLC, Dakota Creek Industries Inc. and Main Iron Works. ....

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YT 808 tugs are Navy's first to meet Tier 4


Photo Credit: Dakota Creek Industries Inc.
The U.S. Navy’s new fleet of six 90 foot by 38 foot 3 inch YT 808-class tugs are its first built to meet the EPA Tier 4 Final diesel engine emission regulations. Each is powered by twin Cat 3512E marine engines, each rated at 1,810 horsepower. The engines drive two Schottel SRP 340 fixed-pitch Z-drive thrusters providing a top speed of 12.5 knots and an expected bollard pull of 40 metric tons.
The tugs are being built by the Dakota Creek Industries shipyard in Anacortes, Wash. The first was launched earlier this year in October after completing the last construction phase. ....

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