Industry Outlook

88%

of marine manufacturers reported that

business was stable or expanding

in Q4 2019.

 

  • Capital Expenditures

    61%

    of marine manufacturers reported modest to substantial

    investment in capital expenditures

    in Q4 2019.
  • Raw Material Costs

    56%

    of marine manufacturers reported modest to substantial

    increases in the cost of raw materials

    in Q4 2019.
  • Sales

    48%

    of marine manufacturers reported modest to substantial

    growth in sales

    in Q4 2019. Another 24% reported sales were on par with what they were a year ago.
  • Hiring

    38%

    of marine manufactuers reported modest to substantial

    hiring beyond attrition

    in Q4 2019, which was constained by difficulty in sourcing talent.