Car Loan Finance Online :: News
SHARE

Share this news item!

Australian Boating Industry Maintains Strong Performance in 2025

Insights from the BIA's Latest State of the Industry Data Report

Australian Boating Industry Maintains Strong Performance in 2025?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Boating Industry Association (BIA) has published its State of the Industry Data Report for 2025, revealing a national turnover of $10.2 billion for the 2024-25 period, matching the previous record year.
This stability underscores the resilience and sustained growth of Australia's marine sector.

Key findings from the report include:

  • Employment: The industry directly employs 24,500 individuals, with an additional 10,000 engaged as contractors. Over 1,200 individuals are in formal training roles, supporting future workforce needs.
  • Business Composition: The sector comprises over 2,000 businesses nationwide, with 75% being small, family-owned enterprises contributing significantly to local economies, particularly in regional areas.
  • Boating Participation: Australia boasts more than 2.5 million licensed powerboat operators and nearly 1 million registered vessels. Notably, 67% of these boats are under 6 metres in length, and 60% of boating trips last up to 4 hours.

BIA CEO Andrew Fielding emphasized the industry's role in supporting local communities and economies, highlighting the importance of small businesses in the sector. The report also notes the fastest-growing segment being personal watercraft, accounting for 10% of registered vessels.

For a comprehensive overview of the industry's performance and trends, the full report is available on the BIA's website.

Published:Wednesday, 25th Mar 2026
Author: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Carconnect's Administration: Impact on Australian Car Buyers
Carconnect's Administration: Impact on Australian Car Buyers
25 Mar 2026: Paige Estritori
In early March 2026, Australian car-buying platform Carconnect entered voluntary administration, leaving approximately 200 customers without the vehicles they had paid for. This unexpected development has raised significant concerns about consumer protection within the online car purchasing sector. - read more
ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices
ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices
25 Mar 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant concerns regarding lending practices. This examination has highlighted issues such as exorbitant establishment fees and a troubling rate of early loan defaults, raising questions about the adequacy of current lending standards. - read more
Australian Car Buyers Postpone Finance Decisions Amid Market Uncertainty
Australian Car Buyers Postpone Finance Decisions Amid Market Uncertainty
25 Mar 2026: Paige Estritori
Recent research from carsales has revealed a notable shift in the timing of car finance decisions among Australian buyers. The study indicates that only 71% of buyers have decided how they will pay for their car before beginning their search, down from 77% in previous years. This trend suggests that more consumers are postponing financing decisions until later in the purchasing process. - read more
ASIC Calls for Improved Consumer Safeguards in Car Finance Sector
ASIC Calls for Improved Consumer Safeguards in Car Finance Sector
25 Mar 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that adversely affect consumers. This investigation was initiated in response to a surge in complaints regarding high costs associated with car financing. - read more


Car Loans Articles

Unlocking Savings: The Benefits of Refinancing Your Car Loan
Unlocking Savings: The Benefits of Refinancing Your Car Loan
Refinancing your car loan can be a game changer for your financial health. But what exactly does it mean? In simple terms, refinancing involves replacing your current car loan with a new one, usually to secure better interest rates or more favorable terms. - read more
Smart Saving Strategies for First-Time Car Buyers
Smart Saving Strategies for First-Time Car Buyers
Welcome to a beginner's guide to saving for your first car! Buying a car for the first time is an exciting journey, filled with anticipation and, sometimes, a bit of anxiety. Rest assured, you are not alone on this path. Many Australians have taken these steps before you, and with the right strategies, you can turn this experience into a rewarding achievement. - read more
Understanding Business Car Loans: What You Need to Know
Understanding Business Car Loans: What You Need to Know
Welcome to our comprehensive guide on business car loans! Whether you're an entrepreneur or a small business owner in Australia, understanding the ins and outs of vehicle loans can be immensely beneficial. Our goal is to provide you with practical insights and tips to navigate the financial landscape with ease. - read more
How Credit Scores Affect Your Car Loan Options
How Credit Scores Affect Your Car Loan Options
In the world of personal finance, a credit score plays a pivotal role in determining your borrowing power. But what exactly is a credit score? Simply put, it's a numerical representation of your creditworthiness, based on an analysis of your credit files. This score helps lenders assess the risk of lending you money or extending credit. - read more


Free Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Collateral:
An asset that a borrower offers as a way for a lender to secure the loan.