Recreational Boating Market Set to Rise Significantly
The boat building industry received good news this week as a report by Persistent Market Research predicts a steady upward trend for the recreational boating market between 2015 and 2021.
A particularly popular pastime in the U.S. and Europe, recreational boating is still considered a leisure industry, and during the Great Recession beginning in 2008, the boating market suffered a hard hit along with many other leisure industries as people had less to spend on recreation. The recent report indicates that not only is the market recovering from the losses of several years back, but is now set to thrive over the next several years. Factors driving the growth include the improving economy, increased incomes, a rise in recreational travel and technological innovations in boat design.
While this comes as welcome news for shipyards and boat builders, it also strikes a note of caution as tightening EPA standards for the boatbuilding industry are making environmental compliance an ongoing challenge. Without strict monitoring and regulation in place, boat builders run the risk of losing their increased profits by facing hefty fines for noncompliance, often caused unintentionally due to such issues as faulty record-keeping, inaccurate readings or simple ignorance of the changes in the rules.
As the boating industry continues to surge forward, it’s more important than ever for companies involved in maritime design and manufacturing to self-regulate and monitor their own compliance with EPA rules. While this complicated process often makes businesses prone to mistakes and infractions, technological software advances now make it simpler to track and maintain compliance.
ProComplianceWare is a cost-effective software solution ideal for boatbuilding industries, providing a centralized system for identifying best practices for compliance management, tracking deadlines, keeping accurate records and more-all accessible from any computer, smartphone or tablet. At a reasonable cost of $250 per month, ProComplianceWare virtually eliminates the added complications of keeping up with environmental requirements so boat builders can focus more attention on keeping up with increased demands for their products-translating to greater profits and growth overall.
With a growing recreational boating market, there’s no reason to waste increased profits on fines and penalties. To find out how ProComplianceWare can simplify your compliance management needs, contact us at 1-800-832-8508 or contact us here.