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The UK marine equipment industry is diverse, ranging from propulsion and navigation equipment to generators and safety equipment. The industry provides equipment for commercial vessels, naval ships and leisure boats. The industry employs 17,000, with a gross value added (GVA) of £2.49 billion. Its annual turnover stands at around £1.7 billion, of which 62% is exported. (Competitive Analysis of the UK Marine Equipment Sector, First Marine International 2001). NOTE: updated figures not yet available.
