Friday, December 02, 2016 10:46:04 AM
The original overview highlighted a second complimentary market sector, yacht sales, that was added through an exclusive contract with SYS International, a yacht brokerage firm, bringing the combined market opportunity from just the $5 billion marine management sector to over $40 billion with adding the $35 billion luxury yacht sales market.
KALY’s $56 Billion Market Opportunity
The update today is to reveal three additional sectors that are also complimentary to the marina management sector and combined amount to over $16 billion in additional market opportunity. Between the $5 billion marine management sector, the $35 billion yacht sales sector, and the three sectors added today with an additional $16 billion in value, KALY’s total market sector opportunity encompasses over $56 billion.
Marine Coatings - $7.65 Billion
Transparency Market Research last year released a report titled “Marine Coatings (Anti-Fouling Coatings, Anti-Corrosion Coatings, Foul Release Coatings and Other Marine Coatings) Market for Coastal, Containers, Deep Sea, Leisure Boats, Offshore Vessels and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.” This report states that the global marine coatings market will reach US$11.88 billion in 2020 from US$7.65 billion in 2013 at an estimated growth of 6.5% CAGR between 2014 and 2020.
Marine Lubricants - $5.4 Billion
The report "Marine Lubricants Market by Type (Mineral Oil, Synthetic, Bio-Based, and Grease), Application (Engine, Hydraulic, And Compressor), and Region - Global Forecast to 2021" indicates the global market size of marine lubricants is estimated to be USD 5.40 Billion in 2016 and projected to witness a CAGR of 2.2% to reach USD 6.02 Billion by 2021.
Marine Electronics - $3.2 Billion
Marine Electronics and Communications reported The marine electronics industry has a total market value of around US$3.2 billion according to one of the leading equipment manufacturers. The market value incorporates all sales in one year of marine electronics on bridges on commercial shipping, workboats of various types, fishing vessels, and recreational boats.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM