Upcoming Trade Shows in UK for Boats

The UK’s boat-building industry has always been a global leader, but weathered challenges since the end of World War II. Despite its diminished stature, the industry maintains a sense of pride in its heritage and achievements. Historically, Britain commanded the seas with two-thirds of the world’s ships bearing the British flag a century ago. However, economic downturns, escalating oil prices, inflation and intensified competition abroad led to a decline in the industry during the 1970s and 1980s. Yet, amid adversity, the boat-building sector perseveres. Today, the UK remains a big player in boat-building and ranks as the third-largest shipbuilder in Europe and the fourth-largest in terms of Gross Value Added (GVA). Market conditions may have been generally unfavorable, but the industry witnessed a 4.3% rise in output in 2014 with UK manufacturers constructing over 10,000 boats. Notably, the superyacht sector experienced a 10% growth, which shows the direction the UK has taken within the market. The leisure, superyacht and small marine commercial industry in the UK contribute substantially to the economy as it generates £2.9 billion in revenue annually and employing approximately 30,000 individuals. While Britain may not lead in constructing superyachts by length, but its reputation positions it as a global hub for the industry. Looking ahead, the UK government's growth strategy for the marine industries outlines key themes aimed at driving market opportunities. By 2020, the goal is for the UK marine industries to be well known globally for their high-tech products and services. With nearly 90,000 people employed in the marine industries, there exists immense potential for growth, particularly in naval and leisure export markets, and offshore renewables. These opportunities pave the way for the UK boat-building industry to reclaim its position as a world-class leader, charting a new course for success in the years to come.