I just though some people may find it interesting that I have just yesterday returned from two weeks in Asia and Europe visiting manufacturers to finalise our 2010 product and orders, and speaking to them I was quite alarmed to hear how badly the industry is doing world wide and how, honestly, most of them can simply not afford to attend Dema anymore.
Of the four Asian manufacturers I visited only 2 will attend, and both said had they not paid a deposit they were not keen to forfeit, they would not attend. I visited two manufacturers in Europe, and only one will attend with a skeleton staff compliment and a reduced stand size, they feel they cant justify the cost with sales.
The feeling I got was the USA market, which for most of them was very big, was severely hit by the recession, and sales to this market have plummeted between 50% & 60% especially in the scuba lines (regulators, bc's etc).
Most of the manufacturers (if they are to be believed) are saying they are down between 40% & 50% on OVERALL sales since the start of the meltdown.
Worringly, some of them are saying, if things dont improve, they dont see a future past 12-18 months, and even if things do improve, few are confident the market will ever recover to pre 2006 level, which can only mean further attrition in the market.
I dont want to be all gloomy, but I have to say I was alarmed, none of them had a good sumer season and with the Northern hemisphere (their biggest market) winter about to start, sales are expected to fall further in the normal seasonal cycle, but there is no "fat" anymore, and I honestly found there was not a lot of optimism around either.