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Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
Indian luxury boats industry outlook to 2020 sample report
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Indian luxury boats industry outlook to 2020 sample report

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The report titled “Indian Luxury Boats Industry Outlook to 2020” provides insight on the market size, segmentation by category and geography, growth drivers and restraints of the industry. The report …

The report titled “Indian Luxury Boats Industry Outlook to 2020” provides insight on the market size, segmentation by category and geography, growth drivers and restraints of the industry. The report entails SWOT analysis, competitive landscape and future outlook of this niche industry. The report finally maps out conservative and optimistic scenario future projections to 2020 on the basis multi-factor regression model.

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  • 1. Indian Luxury Boat Industry Outlook to 2020 May, 2012
  • 2. Table of Contents  Luxury Boats Market Introduction 5 Market Definitions 6 Market Assumptions 7 Industry Stage & Structure 8  Market Size by Value & Volume, FY’2007-FY’2011 9 Slump in Growth in the Market for Luxury Boats in India in the Last 2 Years 10 Why This Small Market Size?: Supporting Facts 11  Drivers & Restraints 14 Unbalanced Industry Growth With Several Unresolved Problems 15 Huge Growth Potential but Need to Clear Major Roadblocks First 16 © This is a licensed product of AM Mindpower Solutions and should not be copied
  • 3. Table of Contents (Contd.)  Market Segmentation By Volume, Value & Geography 17 Pounding Luxury Boats Segment of 55ft+ Driving the Value Demand 18 Mumbai and Kochi – The Epicenter of Boating Industry 19  SWOT Analysis 20 Compelling Opportunities Thriving the Luxury Boats Industry Growth 21  Competitive Landscape 22 Market Centered Around Four Major Dealers 23 © This is a licensed product of AM Mindpower Solutions and should not be copied
  • 4. Table of Contents (Contd.)  Future Outlook and Forecasting Model 24 Unexplored Potential With Stimulative Reforms & Infrastructure 25 Strong Positive Correlation Among Luxury Boats, AMCs & Trained Manpower 26 Multi Factor Regression Analysis 27  Future Projections to 2020 28 Conservative Scenario: Expected Slack in Policy Structure & Infrastructure Development 29 Optimistic Scenario: Expected Amendments in Government Reforms with Marina Development 30  Research Methodology 31 Statistical, Data Collection Methods and Final Conclusion 32  Disclaimer 33 © This is a licensed product of AM Mindpower Solutions and should not be copied
  • 5. Luxury Boats Market Introduction:Industry Stage & Structure  The luxury boat industry in India is at a ~ stage  The Indian luxury boat market is an import driven market. Some of the major Industry Stage countries which export luxury boats in India…  A high percentage of boat owners are from…  A heavy excise duty of nearly ~% is charged on luxury boats…  Mahindra & Mahindra and Honda through its subsidiary Honda Siel India Present (HSIL) are the only players manufacturing 22-30ft boats in India, but they Scenario are yet to produce a luxury boat.  Df  Dfdf Challenges  Dfddf  df… © This is a licensed product of AM Mindpower Solutions and should not be copied 5
  • 6. Market Size:Slump in Growth in the Luxury Boats Market in India in the Last 2 Years Cumulative Boat Sale by Volume  The luxury boat market in India has 240.0 showcased phenomenal growth of ~% 200.0 in the last 5 years 160.0  Market bulged more than ~ times 120.0 from ~ boats in FY’2007 80.0  The last two years have been worst 40.0 effected with a major decline in the sale of luxury boats due to recession 0.0 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11  .....common practices followed in India Cumulative Boat Sale by Value (INR Crore) and there is no support from the..... 800.0  Many boats although purchased by Growth Indian intermediaries are not even..... 600.0 Slumped to ~% in FY’2010-11  Indians tend to register their boat in.... 400.0 200.0 0.0 FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 Source: AM Mindpower Solutions © This is a licensed product of AM Mindpower Solutions and should not be copied 6
  • 7. Why This Small Market Size :Supporting Facts: Restrictive Infrastructural Support in Terms of Marina  The development of marina is one of the basic necessities for boat owners. Marina: A Basic Even though an individual has the capacity to afford a boat, in the dearth of Necessity marinas, he/she will not have the berthing facilities and is unlikely to go ahead with his/her purchase decision.  There is only one marina in India which is functional in Bolgatty Island in Kochi.India’s Sole Marina The marina offers world class facilities in terms of water, electricity, sewage in Kochi pump out locations, pool, gym, golf course and recreational facilities and can hold up to 34 yachts. The marina was built at a cost of nearly USD 1.8 million. No Substantial  Many sites have been proposed for developing a marina near Mumbai such as Development for Mandwa, Belapur, Vasai Creek, Malad Creek and Dharamatar Creek but Proposed Sites nothing significant has come up. Lack of Economic  With the present state of economic and political scenario, the development of and Political more marinas will be a long term goal. Support Key Takeaways: . © This is a licensed product of AM Mindpower Solutions and should not be copied 7
  • 8. Drivers & Restraints:Unbalanced Industry Growth With Several Unresolved Problems © This is a licensed product of AM Mindpower Solutions and should not be copied 8
  • 9. Market SegmentationPounding Luxury Boats Segment of 55ft+ Driving the Value Demand Luxury Boat Market Segmentation by Volume  The Indian luxury boat market is 200 dominated by the 33ft-50ft boat 160 segment in volume terms 120  Presence of 125 luxury boats of 33- 50ft in FY’10-11 (71.4% of total 80 luxury boats) 40  Though less in number, 50ft+ luxury boats contribute 65% to the total INR 0 650 Crore Luxury Boats Market in FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 50ft & above 33ft-50ft FY’10-11  The segment has trebled from the Luxury Boat Market Segmentation by Value (INR Crore) level in FY’06-07 700  Dubai-based Majesty Yachts, UK head- 600 quartered Sun Seeker and Princess and 500 Italy based Azimut and Feretti are 400 major suppliers of luxury boats in India 300  The market has witnessed a growth in 200 the business as several foreign players 100 are eyeing the Indian market with 60- 0 70% reduction in demand for pleasure FY06-07 FY07-08 FY08-09 FY09-10 FY10-11 boats in Europe and the US 50ft & above 33ft-50ft © This is a licensed product of AM Mindpower Solutions and should not be copied 9
  • 10. Market SegmentationMumbai and Kochi – The Epicenter of Boating Industry Indian Luxury Boats Market Segmentation on the Basis of City, Volume, FY’10-11  Mumbai, Kochi and Goa account for 90% of the total luxury boats sold in Number of Boats Sold in Volume of Boats the country the Country Sold  The three regions are surrounded by Mumbai waterfronts and offer the berthing places in a nearby vicinity. Kochi  Other regions such as Chennai, Vishakhapatnam are the Goa upcoming regions in the country. Chennai  Gujarat is regarded as one of the upcoming destinations once it opens Mangalore up its shores for boats docking and berthing Port Blair  The development of marinas would be the biggest factor which will drive Visakhapatnam the sale of boats in the mentioned regions. Total Source: AM Mindpower Solutions © This is a licensed product of AM Mindpower Solutions and should not be copied 10
  • 11. Competitive Landscape:Market Centered Around Four Major Dealers NAME EXPERTISE KEY CONTACTS Brands on Offer Services Offered  Yacht management services  Boat repairing  Silver Craft  Consulting  Oryx Mr. Aashim Mongia  Training  Majesty  Establishing water sports centres and marinas  Azimut  Marina development and management  Atlantis  Boat management services  Nautor’s Swan  Luxury and commercial boating Dr. Malav Shroff  Lagoon Catamarans manufacturing  Mahindra Odyssea  Ferretti 550  Handling of imports  Jeanneau SO 45  Commissioning of boat  GulfCraft Ambassador 36  Warranty service Major General S  SilverCraft Sports-Fisher  Maintenance services and boat Dutta 31 management  Laser Performance  Training services at Mandwa beach  Hobie Cat  Services for school and college going Mr. Shakeel  NeilPryde Windsurfing students Kudrolli  Cabrinha Kites © This is a licensed product of AM Mindpower Solutions and should not be copied 11
  • 12. Future Outlook:Unexplored Potential With Stimulative Reforms & Infrastructure Future View: Future Outlook:  Improvement in the infrastructure such as development of marinas will play a key role for future success of this industry  With the rising population of rich individuals increasing in the country and tropical climate to go along with huge coastline, India will emerge as the favorite destination for foreign players who are targeting this new market.  The luxury boat market is in a embryonic stage but it is expected that the market in the country will enter in the growth stage in the next decade. The state & central government need to play a major role in improving the infrastructure and development of marinas in the country.  The country may also witness local manufactured ships giving competition to foreign products with Mahindra & Mahindra and Honda Siel India entering into the foray.  New avenues for luxury boating could also be seen in the coming years with Chennai and Gujarat expected to emerge as new destinations. © This is a licensed product of AM Mindpower Solutions and should not be copied 12
  • 13. Forecasting Model:Strong Positive Correlation Among Luxury Boats, AMCs & Trained Manpower Pearson Correlation Matrix of the Indian Luxury Boats Industry Pearson Correlation Trained Number of Visitors Attending Number of HNWI Matrix Manpower AMCs Boat Shows Luxury Boats HNWI 1 0.645 0.795 0.776 0.458 Trained Manpower 0.645 1 0.958** 0.969** 0.965** Number of AMCs 0.795 0.958* 1 0.999** 0.864* Visitors Attending Boat 0.776 0.969** 0.999** 1 0.880* Shows Number of Luxury 0.458 0.965** 0.864 0.880* 1 Boats Source: SPSS Analysis Notes: ** Correlation is significant at the 0.01 level (2-tailed) * Correlation is significant at the 0.05 level (2-tailed) Analysis: © This is a licensed product of AM Mindpower Solutions and should not be copied 13
  • 14. Future Projections: Conservative Scenario to 2020Expected Slack in Policy Structure and Infrastructure DevelopmentMajor Industry Factors: Current & ConservativeProjections Conservative Scenario:  Lack of support: In this scenario, it is Major Industry FY’10-11 FY’14-15 FY’19-20 expected current economic and industry Factors conditions will persist in the future with low government involvement. HNWIs1  Low Infrastructure Development: There will be no other marinas being developed tillNumber of Trained Individuals 2020 accompanied with dearth of boarding facilities and trained professionals Number of AMCs  Growing Complexity for Dealers: Many dealers will go out of business due to litigations and tax evasions issues along Visitors Attending Boat Shows with the slack in the increase in the number of AMC’s Number of  In this scenario, the HNWIs are expected to Luxury Boats2 increase at a CAGR of 11.8% till 2020.  The number of cumulative luxury yacht sold CAGR3 till date will increase and reach 245 boats by 2015 and to 377 boats by 2020. Source: Using Regression Model Y= a+bx1+bx2+… CAGR Calculated on the base year of 2010-2011 © This is a licensed product of AM Mindpower Solutions and should not be copied 14
  • 15. Future Projections: Optimistic Scenario to 2020Expected Amendments in Government Reforms with Marina DevelopmentMajor Industry Factors: Current & OptimisticProjections Optimistic Case:  Marina Development: Under the Major Industry FY’10-11 FY’14-15 FY’19-20 optimistic scenario, the conditions are Factors expected to improve in the coming years with at least one more marina being HNWIs1 developed in the country.  Increased Demand for AMCs and Number of Trained Trained Personnel: With the advent of Individuals marina, it is expected that the demand for Number of AMCs trained professionals and AMC’s will also increase in order to support the functioning of a marina. Visitors Attending  The number of trained manpower is Boat Shows expected to reach 391 people by 2020  Stimulative government reforms: TheNumber of Luxury Boats2 government will also amend the obsolete reforms and will introduce a check on tax evasion issues by many individuals. CAGR3  The number of cumulative luxury boats Source: sold till date will increase at a CAGR of Using Regression Model Y= a+bx1+bx2+… 11.36% and will reach 461 yacht by 2020 CAGR Calculated on the base year of 2010-2011 © This is a licensed product of AM Mindpower Solutions and should not be copied 15
  • 16. DisclaimerThe research reports provided by AM Mindpower Solutions are for the personal information of the authorized recipientand is not for public distribution and should not be reproduced or redistributed without prior permission. You arepermitted to print or download extracts from this material for your personal use only. None of this material may beused for any commercial or public use.AM Mindpower Solutions will not accept returns of reports once dispatched due to the confidentiality of informationprovided in our reports. In case, a report qualify for return, we will issue a credit, minus shipping charges, of equalvalue to the original purchase price, toward a future purchase—no refunds. The decision about whether the productreturn can be accepted or not is solely at our discretion. Any dispute will be subject to laws of India and exclusivejurisdiction of Indian Courts.No part of this manual or any material appearing may be reproduced, stored in or transmitted in any other formatwithout written permission of AM Mindpower Solutions. This is purely for the reference of the concerned entity.For more information please refer to the below mentioned link:http://ammindpower.com/report.php?A=268ORContact at: info@ammindpower.com © This is a licensed product of AM Mindpower Solutions and should not be copied 16

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