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Beneteau

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uuid000pucz

Namestring
Beneteau
Legal namestring
SPBI SA (Société par Actions Simplifiée)
Websiteurl
beneteau.com
Company typeenum
Public
Founded yearint
1884
Descriptiontext

Beneteau, founded in 1884 in Saint-Gilles-Croix-de-Vie, France, designs, manufactures, and distributes sailing yachts and motorboats under the BENETEAU brand and as the flagship of Groupe Beneteau (which also owns Jeanneau, Prestige, Lagoon, Excess, Delphia, and Four Winns). The company operates 16 production sites worldwide and maintains the largest exclusive professional dealer network in recreational boating, with over 400 dealers across five continents. Its product portfolio spans 11 ranges — including Oceanis and Oceanis Yacht cruising sailboats, First performance sailboats, Figaro racing yachts, Gran Turismo crossover cruisers, Swift Trawler and Grand Trawler trawlers, Flyer dayboats, and Antares outboards — supported by Heritage sub-lines for classic models.

The company's engineering stack relies on computer-aided design (CAD), composite materials, carbon fiber, Kevlar, and Vectran fibers for sails and rigging, with R&D investment in recyclable Elium resin composites, electrification and hybridization (including an Island Cruising Concept), and solar-assisted propulsion. The legal operating entity for the website (SPBI SA) sits in Dompierre-sur-Yon, while the US subsidiary (Beneteau Group America Inc.) operates from Fort Lauderdale; the company is publicly traded on Euronext Paris (ticker: BEN).

Revenue is generated primarily through new boat hardware sales via the dealer network, supplemented by aftermarket parts and services, recurring connected-boat services (maintenance contracts and digital services), and customer financing arranged through a partnership with SGB Finance. Pricing is dealer-determined; maximum recommended retail prices are published but actual transaction prices are set independently within the BENETEAU network. GTM combines dealer-driven channel sales, direct-to-consumer digital tools (online configurator, sea trial booking, dealer locator), and event-driven demand generation at major international boat shows (Cannes, Düsseldorf, Paris, Miami, Chicago) plus owner rendez-vous events. The company exited US manufacturing in 2026, closing its Cadillac, Michigan facility after the earlier 2020 closure of Marion, South Carolina, and now serves the Americas via imports from the Vendée production base.

Short descriptiontext

Beneteau is a 140-year-old French boatbuilder (Euronext Paris: BEN) that designs, manufactures, and distributes sailing yachts and motorboats across 11 product ranges, serving recreational and performance boaters globally through 400+ dealers on five continents.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersDompierre-sur-yon, France
HQ citystring
Dompierre-sur-yon
HQ countrystring
France
HQ regionstring
Europe
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
sailing yacht manufacturing, motorboat manufacturing, recreational boatbuilding, marine dealer network, yacht design engineering
Industry3 codes
1Sailing Yacht Manufacturing
CodeIMAJAEAAPrimaryYes
2Day Cruiser, Bowrider & Runabout Manufacturing
CodeIMAJAEAIPrimaryNo
3Semi-Custom Luxury Yacht Manufacturing
CodeIMAJAMAAPrimaryNo
NAICS code2 codes
  • Boat Building336612
  • Ship and Boat Building3366
SIC code1 code
  • Ship & Boat Building & Repairing3730
Product category
Recreational Boat Manufacturing
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model4 records
1New Boat Sales
TypeHardware Sales
Description

Beneteau generates primary revenue from manufacturing and selling new sailing yachts and motorboats through its global dealer network. The company produces 11 ranges of sailboats and motorboats including Oceanis, First, Figaro, Gran Turismo, Swift Trawler, Grand Trawler, Flyer, and Antares lines.

beneteau-group.com
2Aftermarket Parts and Services
TypeHardware Sales
Description

Beneteau generates revenue from spare parts distribution, after-sales service, and warranty services through its global dealer network. The company operates centralized spare parts service for faster and more efficient interventions.

beneteau-group.com
3Connected Services
TypeSubscription Recurring
Description

Beneteau offers connected boat services including maintenance contracts, contractual warranty services, and digital services for boat owners.

beneteau-group.com
4Financing Solutions
TypeManaged Services
Description

Through partnership with SGB Finance, Beneteau provides boat financing solutions. SGB Finance offers flexible financing solutions and insurance specifically designed for nautical activities, with over 20 years of European expertise.

beneteau.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1New boat retail pricing through authorized dealers
ModelOtherBilling cadenceOne time/ perpetual license
Notes

Boat prices are dealer-determined and not publicly disclosed. Maximum recommended retail prices are indicated on the website but actual prices are set independently by BENETEAU network dealers.

beneteau.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 11 records shown
1Oceanis
Description

Sailing yacht range, celebrating 40 years in 2024

beneteau.com
+10 more records
Core offering1 text field

Beneteau designs, engineers, and manufactures recreational sailing yachts and motorboats across 11 product ranges including Oceanis, First, Figaro, Gran Turismo, Swift Trawler, Grand Trawler, Flyer, and Antares lines. The company sells boats through the world's largest exclusive dealer network of over 400 dealers across five continents and provides aftermarket parts, connected boat services, and financing solutions.

Differentiator
Functional benefit
Problem solved
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-01-18
Description

Two iconic brands of French industry, Alpine and BENETEAU, established a long-term partnership combining expertise and shared vision. The partnership was announced at Boot Düsseldorf 2025 (January 18-26, 2025), with Alpine A110 displayed alongside Gran Turismo 41 at the BENETEAU booth.

Strategic tierCoreTypeOthers
Description

Groupe Beneteau operates multiple recreational boating brands under one parent company. Beneteau is one of seven brands including Jeanneau, Prestige, Lagoon, Excess, Delphia, and Four Winns. Each brand has distinct market positioning while sharing manufacturing, distribution, and service infrastructure.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

German mass-market sailboat and motorboat manufacturer competing head-to-head with Beneteau in the 30-50ft cruiser segment across European and international dealer networks.

TypeDirect peer
Description

Sister brand under Groupe Beneteau producing sailing yachts and motorboats with overlapping product lines (Sun Odyssey, Merry Fisher, NC) directly competing in the same dealer channels and customer segments as Beneteau.

TypeDirect peer
Description

German sailboat group (Hanse, Dehler, Fjord, Moody, Privilège) competing directly in sailing yachts and premium motor yachts, with comparable global dealer reach and product breadth.

TypeDirect peer
Description

French sailboat builder (part of Fountaine Pajot group) producing cruising sailboats in the same size classes and price brackets as Beneteau's Oceanis and First ranges, with overlapping European dealer footprint.

TypeDirect peer
Description

Sister brand under Groupe Beneteau and the global leader in cruising catamarans; competes for charter and bluewater cruising dollars against Beneteau's monohull Oceanis Yacht range.

TypeDirect peer
Description

British luxury motor yacht builder (35-95ft) competing with Beneteau's Gran Turismo and Grand Trawler ranges in the premium European and US motor yacht segment.

TypeDirect peer
Description

British performance motor yacht manufacturer overlapping with Beneteau's premium powerboat lines in size classes from ~50ft upward, with similar global dealer coverage.

TypeBroad incumbent
Description

Italian luxury yacht conglomerate (Azimut, Benetti) competing with Beneteau in the mid-to-large motor yacht segment and a global benchmark for premium European boatbuilding.

TypeBroad incumbent
Description

Italian luxury yacht builder (Ferretti, Riva, Pershing, Custom Line, Itama) now publicly listed in Hong Kong; competes in the upper end of Beneteau's motorboat portfolio and leads global luxury yacht manufacturing.

TypeBroad incumbent
Description

US-based recreational boat brand owned by Brunswick Corp, competing directly with Beneteau's Flyer and Antares dayboat lines in the North American outboard and sterndrive segments.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Beneteau

Recreational Boat Manufacturingbeneteau.com

Beneteau is a 140-year-old French boatbuilder (Euronext Paris: BEN) that designs, manufactures, and distributes sailing yachts and motorboats across 11 product ranges, serving recreational and performance boaters globally through 400+ dealers on five continents.

What Beneteau does

Beneteau, founded in 1884 in Saint-Gilles-Croix-de-Vie, France, designs, manufactures, and distributes sailing yachts and motorboats under the BENETEAU brand and as the flagship of Groupe Beneteau (which also owns Jeanneau, Prestige, Lagoon, Excess, Delphia, and Four Winns). The company operates 16 production sites worldwide and maintains the largest exclusive professional dealer network in recreational boating, with over 400 dealers across five continents. Its product portfolio spans 11 ranges — including Oceanis and Oceanis Yacht cruising sailboats, First performance sailboats, Figaro racing yachts, Gran Turismo crossover cruisers, Swift Trawler and Grand Trawler trawlers, Flyer dayboats, and Antares outboards — supported by Heritage sub-lines for classic models.

The company's engineering stack relies on computer-aided design (CAD), composite materials, carbon fiber, Kevlar, and Vectran fibers for sails and rigging, with R&D investment in recyclable Elium resin composites, electrification and hybridization (including an Island Cruising Concept), and solar-assisted propulsion. The legal operating entity for the website (SPBI SA) sits in Dompierre-sur-Yon, while the US subsidiary (Beneteau Group America Inc.) operates from Fort Lauderdale; the company is publicly traded on Euronext Paris (ticker: BEN).

Revenue is generated primarily through new boat hardware sales via the dealer network, supplemented by aftermarket parts and services, recurring connected-boat services (maintenance contracts and digital services), and customer financing arranged through a partnership with SGB Finance. Pricing is dealer-determined; maximum recommended retail prices are published but actual transaction prices are set independently within the BENETEAU network. GTM combines dealer-driven channel sales, direct-to-consumer digital tools (online configurator, sea trial booking, dealer locator), and event-driven demand generation at major international boat shows (Cannes, Düsseldorf, Paris, Miami, Chicago) plus owner rendez-vous events. The company exited US manufacturing in 2026, closing its Cadillac, Michigan facility after the earlier 2020 closure of Marion, South Carolina, and now serves the Americas via imports from the Vendée production base.

Beneteau firmographics

Firmographics
Name
Beneteau
Legal name
SPBI SA (Société par Actions Simplifiée)
Website
https://beneteau.com
Company type
Public
Founded year
1884
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Beneteau is a 140-year-old French boatbuilder (Euronext Paris: BEN) that designs, manufactures, and distributes sailing yachts and motorboats across 11 product ranges, serving recreational and performance boaters globally through 400+ dealers on five continents.
Ownership category
akta.pro rank

Beneteau industry classification

Industry
Product category
Recreational Boat Manufacturing
NAICS
Boat Building (336612), Ship and Boat Building (3366)
SIC
Ship & Boat Building & Repairing (3730)
akta.pro primary industry
Sailing Yacht Manufacturing (IMAJAEAA)
akta.pro secondary industries
Day Cruiser, Bowrider & Runabout Manufacturing (IMAJAEAI), Semi-Custom Luxury Yacht Manufacturing (IMAJAMAA)

Keywords

  • Sailing yacht manufacturing
  • Motorboat manufacturing
  • Recreational boatbuilding
  • Marine dealer network
  • Yacht design engineering

Where Beneteau is headquartered

Location

Headquarters

HQ city
Dompierre-sur-yon
HQ country
France
HQ region
Europe

Offices4 records

Markets served

Beneteau business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. New Boat Sales: Beneteau generates primary revenue from manufacturing and selling new sailing yachts and motorboats through its global dealer network. The company produces 11 ranges of sailboats and motorboats including Oceanis, First, Figaro, Gran Turismo, Swift Trawler, Grand Trawler, Flyer, and Antares lines.
  2. Aftermarket Parts and Services: Beneteau generates revenue from spare parts distribution, after-sales service, and warranty services through its global dealer network. The company operates centralized spare parts service for faster and more efficient interventions.
  3. Connected Services: Beneteau offers connected boat services including maintenance contracts, contractual warranty services, and digital services for boat owners.
  4. Financing Solutions: Through partnership with SGB Finance, Beneteau provides boat financing solutions. SGB Finance offers flexible financing solutions and insurance specifically designed for nautical activities, with over 20 years of European expertise.

Pricing tiers

ModelBillingPrice
OtherOne time/ perpetual licenseNew boat retail pricing through authorized dealers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Beneteau product offering

Product offering

Core offering

Beneteau designs, engineers, and manufactures recreational sailing yachts and motorboats across 11 product ranges including Oceanis, First, Figaro, Gran Turismo, Swift Trawler, Grand Trawler, Flyer, and Antares lines. The company sells boats through the world's largest exclusive dealer network of over 400 dealers across five continents and provides aftermarket parts, connected boat services, and financing solutions.

Differentiator

Problem solved

Functional benefit

Brands

  • Oceanis: Sailing yacht range, celebrating 40 years in 2024
  • Oceanis Yacht
  • First
  • First SE
  • Figaro
  • Gran Turismo
  • Swift Trawler
  • Grand Trawler
  • Flyer
  • Antares
  • Heritage

Companies that use Beneteau

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Beneteau technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Beneteau partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered flagship and core.

  • Alpine (Renault Group)flagshipStrategic or Co-development Partner · 18 January 2025Two iconic brands of French industry, Alpine and BENETEAU, established a long-term partnership combining expertise and shared vision. The partnership was announced at Boot Düsseldorf 2025 (January 18-26, 2025), with Alpine A110 displayed alongside Gran Turismo 41 at the BENETEAU booth.
  • Groupe Beneteau Brands (JEANNEAU, PRESTIGE, LAGOON, EXCESS, DELPHIA, FOUR WINNS)coreOthersGroupe Beneteau operates multiple recreational boating brands under one parent company. Beneteau is one of seven brands including Jeanneau, Prestige, Lagoon, Excess, Delphia, and Four Winns. Each brand has distinct market positioning while sharing manufacturing, distribution, and service infrastructure.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Beneteau competitors and assessment

Company assessment

Direct peers

  • Bavaria Yachts: German mass-market sailboat and motorboat manufacturer competing head-to-head with Beneteau in the 30-50ft cruiser segment across European and international dealer networks.
  • Jeanneau: Sister brand under Groupe Beneteau producing sailing yachts and motorboats with overlapping product lines (Sun Odyssey, Merry Fisher, NC) directly competing in the same dealer channels and customer segments as Beneteau.
  • Hanse Yachts: German sailboat group (Hanse, Dehler, Fjord, Moody, Privilège) competing directly in sailing yachts and premium motor yachts, with comparable global dealer reach and product breadth.
  • Dufour Yachts: French sailboat builder (part of Fountaine Pajot group) producing cruising sailboats in the same size classes and price brackets as Beneteau's Oceanis and First ranges, with overlapping European dealer footprint.
  • Lagoon Catamarans: Sister brand under Groupe Beneteau and the global leader in cruising catamarans; competes for charter and bluewater cruising dollars against Beneteau's monohull Oceanis Yacht range.
  • Princess Yachts: British luxury motor yacht builder (35-95ft) competing with Beneteau's Gran Turismo and Grand Trawler ranges in the premium European and US motor yacht segment.
  • Sunseeker International: British performance motor yacht manufacturer overlapping with Beneteau's premium powerboat lines in size classes from ~50ft upward, with similar global dealer coverage.

Broad incumbents

  • Azimut-Benetti Group: Italian luxury yacht conglomerate (Azimut, Benetti) competing with Beneteau in the mid-to-large motor yacht segment and a global benchmark for premium European boatbuilding.
  • Ferretti Group: Italian luxury yacht builder (Ferretti, Riva, Pershing, Custom Line, Itama) now publicly listed in Hong Kong; competes in the upper end of Beneteau's motorboat portfolio and leads global luxury yacht manufacturing.
  • Sea Ray (Brunswick Corporation): US-based recreational boat brand owned by Brunswick Corp, competing directly with Beneteau's Flyer and Antares dayboat lines in the North American outboard and sterndrive segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Beneteau social profiles

Digital presence

Beneteau financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Beneteau leadership team

Management profile

Number of profiles

Profiles1 record

Beneteau subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Beneteau funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Beneteau M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beneteau

What does Beneteau do?

Beneteau designs, engineers, and manufactures recreational sailing yachts and motorboats across 11 product ranges including Oceanis, First, Figaro, Gran Turismo, Swift Trawler, Grand Trawler, Flyer, and Antares lines. The company sells boats through the world's largest exclusive dealer network of over 400 dealers across five continents and provides aftermarket parts, connected boat services, and financing solutions.

Is Beneteau a public or private company?

Beneteau is a public company. It is classified as public and is currently operating.

When was Beneteau founded?

Beneteau was founded in 1884. It employs 1,001 to 5,000 people.

Where is Beneteau based?

Beneteau is headquartered in Dompierre-sur-yon, France, in the Europe region.

How does Beneteau make money?

Four revenue lines are on record. New Boat Sales are the primary driver. The others are aftermarket Parts and Services, connected Services and financing Solutions.

Who are Beneteau's main competitors?

Direct peers on record are Bavaria Yachts, Jeanneau, Hanse Yachts, Dufour Yachts, Lagoon Catamarans, Princess Yachts and Sunseeker International. Broad incumbents are Azimut-Benetti Group, Ferretti Group and Sea Ray (Brunswick Corporation).

Does Beneteau have an API?

No public API is recorded for Beneteau.

What industry is Beneteau in?

Beneteau's product category is Recreational Boat Manufacturing. Its primary akta.pro industry code is IMAJAEAA, Sailing Yacht Manufacturing, with a secondary code of IMAJAEAI, Day Cruiser, Bowrider & Runabout Manufacturing. Its NAICS code is 336612 and its SIC code is 3730.

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Live signals
Les EchosNautisme : Beneteau va céder son usine et trois marques américainesBeneteau, the world leader in sailing boats and European leader in outboard motors, has decided to cease production at its Cadillac, Michigan factory by the end of August and sell the facility, which is its last remaining production site in the United States. The closure, attributed to the impact of the Middle East conflict on the group's operations, comes as the company exits US manufacturing entirely. This follows an earlier 2020 decision to shut down its sailboat factory in Marion, South Carolina, after which Beneteau switched to importing boats from Europe, primarily from its Vendée base in France.GlobeNewswireRecreational Boat Market Research Report 2025-2030 - Smart Connectivity, Electrification, and Rising Leisure and Tourism Demand Propel GrowthThe global recreational boat market was valued at USD 37.40 billion in 2024 and is projected to reach USD 55.20 billion by 2030, growing at a CAGR of 6.70%, with key trends including smart technology integration, electrification, and hybridization of boats. North America held the largest market share at over 46% in 2024, while the Middle East and Africa region is expected to show the highest growth with a CAGR of 8.0% during the forecast period. Major vendors identified include Azimut-Benetti Group, BENETEAU, Brunswick Corporation, Ferretti Group, and Yamaha Motor Co., Ltd., with BENETeau planning new boat launches in 2025 and Brunswick Corporation introducing 15 new products in 2024.Business Wire BlogYacht Market Research Report 2025-2030, Exclusive Data on 45 Vendors with Azimut-Benetti, BENETEAU, Ferretti Group, Princess Yachts, Sanlorenzo, and Sunseeker Leading - ResearchAndMarkets.comResearchAndMarkets.com published a global yacht market research report covering 45 vendors, valuing the market at $11.6 billion in 2024 with projected growth to $17.06 billion by 2030 at a 6.65% CAGR. Europe dominates the market with a 44% share, driven by luxury tourism and water sports demand, while key trends include smart technology integration, made-to-measure customization, and sustainability initiatives. Notable industry activity includes Azimut-Benetti's four-year partnership with Rolls-Royce, Ferretti S.p.A.'s launch of the Ferretti Yachts 940, and Sunseeker's unveiling of eight models at the 2025 Miami International Boat Show.YahooSmall Boats Industry Forecast: Trends and Analysis (2025-2034) Featuring Beneteau, Marine Products Corp., Brunswick Corp., Yamaha Motor Co., MasterCraft Boat Co. and MoreThe global small boats market is projected to grow from over USD 31.23 billion in 2024 to more than USD 87.09 billion by 2034, with Europe, North America, and Asia Pacific as key regions. Growth is driven by increasing recreational activities, fishing, and government investments in defence and maritime surveillance.GlobeNewswireStrategies Shaping the $55.2 Billion Recreational Boat Market 2025-2030 - BENETEAU Launching New Boat Series; Redesigned Models to Hit the Market in Q3 2025Beneteau plans to launch a new series of boats and redesign three models of the Gran Turismo range in mid-2025. The global recreational boat market is projected to reach $55.2 billion by 2030, with significant growth driven by technological trends such as electrification and increased water sports activities.TechnavioDeck-Boats Market Growth Analysis - Size and Forecast 2025-2029 | TechnavioTechnavio's deck-boats market forecast projects the market will grow by USD 891.5 million at a 5.7% CAGR during 2025-2019, driven by rising household income and strategic collaborations among industry players. North America is expected to contribute 54% to global market growth, with the US recreational boating industry generating USD 230 billion in 2023. Recent developments include Beneteau's launch of solar-powered boats, Brunswick's partnership with Tesla, and Malibu Boats' acquisition of Crest Pontoons, while safety concerns from rising boat accidents pose challenges to the industry.PR NewswireVirtual Boat Show Launched by Yachting FirmDenison Yachting announced the launch of "A Boat Show From Your Couch," a virtual boat show scheduled for March 27, 2020, designed to allow prospective buyers to experience boat displays remotely amid social distancing requirements. The virtual event will feature hundreds of walkthrough videos, virtual tours, and live chats with yacht brokers, captains, and industry experts, along with exclusive factory incentives from boat brands including Bertram Sportfish, Beneteau Sailing Yachts, Monte Carlo Motoryachts, Swift Trawlers, and XCS Catamarans. The company, which traces its roots to the founding of Broward Marine in Fort Lauderdale in 1948, operates 23 marina offices across the United States and provides yachting services worldwide.PR NewswireThe 24th China (Shanghai) International Boat Show and Shanghai Lifestyle Show 2019 was Successfully ClosedThe 24th China (Shanghai) International Boat Show (CIBS) and Lifestyle Show Shanghai 2019 concluded successfully on June 23, 2019, at the National Exhibition and Convention Center in Shanghai, drawing over 600 exhibitors and 35,000 visitors from 85 countries across a 55,000 square meter exhibition space. Inaugurated in 1996, CIBS is positioned as Asia's most comprehensive and longest-established boat and yacht exhibition, with a stated mission to integrate boats into daily life in China as per capita GDP grows. The event featured both traditional marine brands such as Beneteau, Suzuki, Jeanneau, Honda, Seakeeper, and 3M, as well as Chinese manufacturers showcasing domestically developed technology and patented products.