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Market Sector Insights – The Marine Market – March 2021

Market Sector Insights – The Marine Market – March 2021

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Introduction

The marine industry encompasses numerous sectors including marine transportation, marine leisure, marine port and services and marine equipment. All of the sectors within the marine industry have different trends and challenges, with the factors affecting them also varying.

Shifts in global demographics and population growth rates, coupled with long-term economic growth in developing markets will have implications for the marine industry over the course of the next decade. A notable consequence for the industry is a rise in consumer spending in developing markets which will generate long-term growth opportunities for stakeholders in this industry.

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