Industry Statistics and Trends
Recreational Boat & Yacht building in Europe key trends
Import and exports tank over 2022, weighing on revenue growth.
Supply chain stalls meant shipyards struggled to keep production going, with builders having to confront their clients with longer delivery times, weighing on trade volumes and export revenue in 2022.
New model launches will drive overseas orders for luxury yachts.
European yacht makers are expected to invest substantially in developing improved versions of bestselling yachts instead of complete redesigns to ensure current owners upgrade.
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Recreational Boat & Yacht building in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Recreational Boat & Yacht building in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated €12.0bn in 2024.
Trends and Insights
The COVID-19 outbreak puts revenue in choppy waters
- Revenue dropped substantially in 2020 because of the commotion caused by the pandemic and repeated lockdowns, tanking by 8.8%. Sunseeker International and Princess Yachts reported notable drops in revenue and production stopped for much of 2020.
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Recreational Boat & Yacht building in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Customisation will lead the way for boat builders
- Focusing on specialised designs will provide opportunities for European boat makers in the market's luxury segment. Boat makers must choose between mass business or individualisation, with the latter appealing more to the uber-rich.
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Revenue
€12.0bn
Employees
65,132
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Recreational Boat & Yacht building in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Beneteau SA | 1,631.2 | 167.3 | 10.3 | |
Azimut Benetti SpA | 1,339.0 | 267.8 | 20.0 | |
Ferretti SpA | 1,201.5 | 151.2 | 12.6 |
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Recreational Boat & Yacht building in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Recreational Boat & Yacht building industry in Europe in 2024?
The market size of the Recreational Boat & Yacht building industry in Europe is €12.0bn in 2024.
How many businesses are there in the Recreational Boat & Yacht building in Europe industry in 2024?
There are 4,680 businesses in the Recreational Boat & Yacht building industry in Europe, which has declined at a CAGR of 0.5 % between 2019 and 2024.
Has the Recreational Boat & Yacht building industry in Europe grown or declined over the past 5 years?
The market size of the Recreational Boat & Yacht building industry in Europe has been declining at a CAGR of 4.5 % between 2019 and 2024.
What is the forecast growth of the Recreational Boat & Yacht building industry in Europe over the next 5 years?
Over the next five years, the Recreational Boat & Yacht building industry in Europe is expected to grow.
What does the Recreational Boat & Yacht building in Europe include?
Motor Yatchts and Motorboats and Sailing Boats are part of the Recreational Boat & Yacht building industry.
Which countries have the most businesses in the Recreational Boat & Yacht building industry in Europe?
The European country with the most businesses in the Recreational Boat & Yacht building industry is Italy.
How competitive is the Recreational Boat & Yacht building industry in Europe?
The level of competition is moderate and increasing in the Recreational Boat & Yacht building industry in Europe.
Related Industries
This industry is covered in 37 countries
- Recreational Boat & Yacht building in Greece
- Recreational Boat & Yacht building in the Netherlands
- Recreational Boat & Yacht building in Lithuania
- Recreational Boat & Yacht building in Finland
- Recreational Boat & Yacht building in Croatia
- Recreational Boat & Yacht building in Slovenia
- Recreational Boat & Yacht building in Bulgaria
- Recreational Boat & Yacht building in Austria
- Recreational Boat & Yacht building in Romania
- Recreational Boat & Yacht building in Czechia
- Recreational Boat & Yacht building in Belgium
- Recreational Boat & Yacht building in Hungary
- Recreational Boat & Yacht building in Denmark
- Recreational Boat & Yacht building in Malta
- Recreational Boat & Yacht building in Bosnia & Herzegovina
- Recreational Boat & Yacht building in Spain
- Recreational Boat & Yacht building in France
- Recreational Boat & Yacht building in Slovakia
- Recreational Boat & Yacht building in Italy
- Recreational Boat & Yacht building in Sweden
- Recreational Boat & Yacht building in Turkey
- Recreational Boat & Yacht building in Cyprus
- Recreational Boat & Yacht building in Latvia
- Recreational Boat & Yacht building in Portugal
- Recreational Boat & Yacht building in Norway
- Recreational Boat & Yacht building in Poland
- Recreational Boat & Yacht building in Ireland
- Recreational Boat & Yacht building in Estonia
- Recreational Boat & Yacht building in Iceland
- Recreational Boat & Yacht building in Europe
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture recreational boats and yachts for domestic and export markets. Manufactured products range from luxurious superyachts to inflatable boats and canoes.
Related Terms
HOVERCRAFT SUPERYATCH BALLOON PAYMENT HULLRUNNING PHASEWhat's included in this industry?
Motor YatchtsMotorboats and Sailing Boats Other Boats Inflatable BoatsCompanies
Beneteau SAAzimut Benetti SpAFerretti SpAIndustry Code
3012 - Building of pleasure and sporting boats in Europe
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Performance
Key Takeaways
The COVID-19 outbreak puts revenue in choppy waters
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Recreational Boat & Yacht building in Europe industry (2011 -2029)
- Employees in the Recreational Boat & Yacht building in Europe industry (2011 -2029)
- Business in the Recreational Boat & Yacht building in Europe industry (2011 -2029)
- Profit in the Recreational Boat & Yacht building in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Recreational Boat & Yacht building in Europe industry?
Outlook
Analysis
What's driving the Recreational Boat & Yacht building in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Recreational Boat & Yacht building in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Recreational Boat & Yacht building in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Russia sanctions impact super yacht orders while overseas orders climb. Sanctions imposed on Russia over 2022 restricted sales to super-rich Russian Oligarchs. Yet, wealthy Europeans and North Americans and a growing Middle Eastern market mitigated this impact on order volumes.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Recreational Boat & Yacht building in Europe industry's products and services performing?
Analysis
What are innovations in the Recreational Boat & Yacht building in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Recreational Boat & Yacht building in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The boat and yacht building industry faces low concentration. Because of the various types and sizes of motorboats and yacht manufacturers in this industry, it is nearly impossible for boat builders to hold a substantial market share.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 9 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Beneteau SA
- Countries of operation for Azimut Benetti SpA
- Countries of operation for Ferretti SpA
- Countries of operation for Princess Yachts Ltd
- Countries of operation for Sunseeker International Ltd
- Countries of operation for Nimbus Group AB
- Countries of operation for HanseYachts AG
- Countries of operation for Elan d.o.o
- Countries of operation for Astilleros Astondoa SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Most manufacturers have to abide by EU regulations. Most product-related regulations in the industry are based on the EU's Directive 2013/53/EU, the so-called Recreational Craft Directive, which sets out various points that must be tested and observed when building boats and yachts.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Recreational Boat & Yacht building in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Manufacturers can pass on cost increases to downstream clients, protecting profit. Most builders have defended themselves against soaring input inflation in recent years by entering into fixed-priced agreements or offloading high input costs onto high-income clients.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Recreational Boat & Yacht building in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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