$2.3bn
$XXX.Xm
2,992
867
$XXX.Xm
The Marine Equipment Retailing industry has faced mixed trading conditions over the past five years. Annual fluctuations in discretionary income and consumer sentiment have led to volatile demand for marine equipment over the period. Increasing competition from the grey import market, a term for new or used goods legally imported outside traditional supply channels, also negatively affected industry revenue over the period. Nonetheless, the industry has benefited from stronger expenditure on recreation and culture and a surge in demand following the COVID-19 outbreak. Overall, industry revenue is expected to rise at an annualised 3.2% over the five years through 2023-24, to $2.3 billion. This includes an anticipated decrease of 3.5% in the current year due to a projected contraction in discretionary income.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $2.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Bargain Boat Bits | 310.0 | |
Super Retail | 255.0 | |
JV Marine World Pty Ltd | 94.0 |
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Industry revenue is measured across several distinct product and services lines, including New marine equipment , Used marine equipment and Other products. New marine equipment is the largest segment of the Marine Equipment Retailing in Australia.
New marine equipment sales shift amid economic and pandemic-related challenges
Industry operators primarily sell new and used boats, outboard motors, boat trailers, marine accessories, yachts and sailing or nautical accessories. These products are often purchased from wholesalers and then resold to consumers.
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ANZSIC 4245 - Marine Equipment Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The primary trend affecting Australia's Marine Equipment Retailing industry is fluctuating demand due to income variations, consumer sentiment and grey import competition. Co...
Learn about an industry's products and services, markets and trends in international trade.
New marine equipment constitutes almost two-fifths of Australia's Marine Equipment Retailing revenue. Despite the COVID-19 pandemic fuelling interest, the share of new equipm...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales and Queensland dominate marine retail due to their prime coastal locations and demand from retiring baby boomers. Drawn to a relaxed seaside lifestyle, these ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Australia's Marine Equipment industry is driven by internal competition on price, range, quality and service. However, rising grey imports – boosted by a strong Australian do...
Learn about the performance of the top companies in the industry.
Bargain Boat Bits and Super Retail Group dominate Australia's Marine Equipment Retailing. Strong annualised growth has supported both businesses enabling them to capitalise o...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Competition and Consumer Act 2010 is of consequence for the industry. The act scrutinizes key procedures including store trading hours and terms of trade, and requires re...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchas costs are industry retailers’ largest expense. This is due to the industry's reliance on both overseas and local suppliers for products like boats and marine accessor...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Marine Equipment Retailing industry in Australia is $2.3bn in 2024.
There are 867 businesses in the Marine Equipment Retailing industry in Australia, which has grown at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Marine Equipment Retailing industry in Australia has been growing at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Marine Equipment Retailing industry in Australia is expected to grow.
The biggest companies operating in the Marine Equipment Retailing market in Australia are Bargain Boat Bits, Super Retail and JV Marine World Pty Ltd
New marine equipment and Used marine equipment are part of the Marine Equipment Retailing industry.
The company holding the most market share in Australia is Bargain Boat Bits.
The level of competition is low and increasing in the Marine Equipment Retailing industry in Australia.