Boatim’s strength is its ability to react quickly in ever-changing circumstances and stay ahead of evolving customer needs, this approach will effectively solve problems within the industry for boat sellers. “Recreational boating defies the pandemic crisis according to latest market reports, as we see a tremendous change in consumer behavior that shifts to local and near-home activities,” shares Burkert, resulting in an increase of demand for boats and yachts in the US and Europe—and a compound annual growth rate of almost 4% during the forecast post-COVID period.
While other industries are struggling, the boating industry is experiencing an all-time high—an all-around boating boom. So much so, dealers in the US are reporting inventory shortages and difficulties meeting demand, according to the New York Times. This is validating market signs for Boatim’s approach and ambitious roadmap, as they continue to grow with more investments and talent joining the Miami and Barcelona headquartered tech-company.
About Boatim Inc.
Boatim was founded in 2014 and now employs 21 people in Miami (USA) and Barcelona (Spain). The technology startup provides industry-specific software, aimed at facilitating the process of buying and selling boats online.
On boatim.com the boating industry can sell and promote products and connect with a fast-growing potential customer base, while boat users can explore and buy boats, connect with like-minded and brands. The platform that can be accessed through mobile devices and desktop, generates revenues through listing placements and subscription plans, as well as on-platform ads. Thanks to the great business model scalability, more revenue streams are planned to be added soon.
Since August 2019 the privately funded startup has become a publicly listed entity, trading at the OTCQB Venture Market under the trading symbol BTIM.