Taiwan International Boat Show Industry Summit well attended

By Mike Derrett
Thu Mar 22 2018, 15:41 PM

Over 100 delegates in attendance as speakers outline positives and challenges facing the market

One of the main highlights of the 2018 Taiwan International Boat Show last week was the Industry Summit held on Friday the 16th of March. Over 100 delegates, mainly from the local industry registered for the event which took place alongside the Boat Show.

The summit comprised five presentations from industry specialists with a forum after the presentations moderated by John Kung from Taiwan based manufacturer Monte Fino Yachts.

Keynote speaker was Andrea Razeto vice president of ICOMIA and also of UCINA the Italian Trade Industry Association who presented statistics showing an overview of the global industry. Key points Razeto highlighted to the delegates were;

  • The strong recovery of the US industry since 2011.
  • Europe has been recording positive growth since 2015.
  • The Marine industry Association members of ICOMIA have the highest level of confidence in the industry in 5 years.

Naval Architect Anders Berg from Dixon Yacht Design focussed on the trends in design and the need to work with the client to ensure that designing for efficient production is achieved. Key points Berg outlined as future trends included;

  • Hybrid propulsion, solar power and fuel cell technology.
  • The growth of the catamaran market, both power and sail.
  • Lifestyle focussed boats.

Advanced manufacturing processes in the marine industry were covered by Stephen Leonard-Williams from Composite Integration who covered the latest developments in Resin Transfer Moulding (RTM) and Resin Infusion (RI). Leomard-Williams highlighted the advantages of RTM and RI over conventional open mould laminating procedures. Key points in the presentation were;

  • Increasing health and safety regulations forcing manufactures in the direction of RTM and RI.
  • Very large structures are now being done by RI with examples of a 136ft hull being infused in Taiwan and on the industrial side wind turbine blades over 50 metres in length.
  • The importance of a using computer controlled injection machines in the process.

The developing boating market in South Korea was described by Dr Kim Choong-Hwan Consultant of the Metropolitan Marine Leisure Industry Centre in Seoul South Korea. Dr Kim showed how the Korean leisure boating market has grown rapidly over the last 10 years;

  • Leisure activities have grown strongly over the period with 18 million people from the Korean population of 51 million regularly enjoying golf, skiing, camping, fishing and latterly leisure boating.
  • Th leisure boat population has grown over 6 times in the last 10 years from 5,227 to 30,956 registered leisure boats.
  • The government plan to increase the number of leisure berths over the coming 5 years by 40% from 1,542 to 2,534.

IBI Asia and Middle East Correspondent Mike Derrett gave a presentation showing how changes in consumer behaviour, which started in the early part of the millennium and were accelerated by the 2007 Global Financial Crisis, have been reflected in the global boating markets. He highlighted the trends for foiling power and sail boats, hybrid propulsion and for new boaters - autonomous boats.  Derrett made three key points at the end of his presentation relevant to future trends;

  • The rise of the older adventurer.
  • Young people are travellers not tourists.
  • Millennials are not buying boats because they are not used to getting their hands dirty.

The summit was organised by the Taiwan External Trade Development Council (TAITRA) the Government body for promoting trade and Industry who also co-organised the boat show with sponsorship from Bureau of Foreign Trade and the Kaohsiung City Government. The events were supported by the Taiwan Yacht Industry Association.