US Marinas Market to Reach $4.3 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a US report on Marinas market. The US market for marinas is projected to reach $4.3 billion by the year 2015, driven primarily by the rising consumer interest in water-related tourism. Increasing income levels and the rise in the number of boat ownerships and boat registrations also contribute to the rising demand for marina berths.

Marinas: A US Market Report

Marina development is closely linked to regional tourism industry. Growing interest in nautical tourism and trends in the yachting industry significantly affect the prospects of marina industry. The demand for marina facilities/berths and services is also dependent on the rise in the ownership and sales of sailboats or powerboats. The strength of the industry is determined by several factors such as rental charges, occupancy rates, and level of competition in the market.

Rising income levels, availability of leisure time, and increased preference for water-based leisure activities are driving the demand for marina berths in the United States, as stated by the new market research report on marinas. Rise in the production of recreational yachts and boats and their growing affordability also enhances the demand for marinas among American consumers. With affluent consumers exhibiting marked preference for large boats, marinas are focusing efforts on modernizing and expanding existing infrastructure facilities so as to provide mooring facilities for larger vessels. Despite the continuous rise in demand for marina berths, shortage of mooring facilities and docking spaces, pollution, and weed growth hamper the market's expansion.

Key players profiled in the report include California Yacht Marina, Flagship Marinas Inc., Seven Kings Holdings Inc., Skipper Marine Development, Vinings Marine Group LLC, and Westrec Marinas.

The report titled "Marinas: A US Market Report" announced by Global Industry Analysts, Inc., provides a review of market trends and developments, and recent industry activity. The study analyzes market data and analytics in terms of annual revenues.

For more details about this market research report, please visit - http://www.strategyr.com/Marinas_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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