South East dominates leisure marine industry
New figures show that the South East clearly dominates as the region with the greatest revenue share (36.1%) of the leisure marine industry with a growth of 5% in comparison with last year.
The British Marine Federation recently released the 2006/2007 Key Performance Indicators for the UK Leisure and Small Commercial Marine Industry. Importantly, the total turnover of the UK leisure and small commercial marine industry is £2.952 billion, up 6.5% from 2005/6. Other headline figures include:
- Value added contribution, the principal measure of national economic benefit, is £1.053 billion (35.7% of turnover) - value comparable to 2005/6
- International trade revenue is £1.035 billion - an uplift in value of 12.7% from 2005/6. This revenue now represents 35.1% of total turnover.
- There are around 35,680 employees across the industry (Full Time Equivalent) - an increase of 1.9% from 2005/6.
- In the UK, there are around 4,300 businesses in the UK leisure & small commercial marine market
The figures also reveal clear evidence of the importance of both the service sectors and boat sector including manufacturing and distribution, each accounting for more than a third of revenue of over £1 billion each, with the remainder in engines / systems and equipment. There has also been a significant change in revenue from manufacture to distribution within the UK compared to 2005/6. This is due to a movement towards outsourcing overseas for some companies and more accurate classification by some members.
In addition, some trends are emerging when comparing year-on-year performance in the leisure marine market. Total boat revenue, for manufacture and distribution, has increased by 12% from last year, engines / systems by 3% and equipment by 6%. Services as a whole are at a same size in revenue as last year, with a slight increase in business services.
For further information or to request a copy please contact the Statistics & Market Research Department at the BMF. British Marine Federation, Marine House, Thorpe Lea Road, Egham, Surrey TW20 8BF, Tel: 01784 223615, E-mail: research@britishmarine.co.uk or visit http://www.britishmarine.co.uk
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