The Boat Building industry developed rapidly in the five-year period through 2017, with industry revenue increasing at an annualized rate of 15.1%. High revenue growth has been due to increasing foreign and domestic demand in the past five years. There are about 158 companies operating in this industry in 2017, employing about 24,647 people with total wages of $188.2 million.Industry revenue is expected to total $3.8 billion in 2017, up 7.6% from 2016. On December 1, 2009, the State Council of the People's Republic of China issued "Opinions on Accelerating the Development of the Tourism Sector," according to which, transportation manufacturing projects, including boat building are encouraged. This policy has been promoting the rapid development of this industry...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
15.1%
Forecast Growth 17-22
Profit
Employment
24,647
Businesses
158

Industry Report - Industry Locations Chapter

The industry is highly concentrated in Zhejiang, Guangdong, Shandong, Jiangsu and Hunan provinces. In 2017, with an estimated 70.9% of total employment and 64.1% of total industry establishments, these four provinces are expected to account for 71.2% of total industry revenue.Jiangsu province is expected to account for 12.9% of total industry revenue in 2017. With an estimated 14.0% of total employment, Jiangsu is has 12.7% of total establishments. Jiangsu has many modern shipbuilding centers, including Nantong, Jingjiang and Yangzhou. The...purchase to read more.

Additional Insights for the Boat Building Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boat Building Industry are

  • Access to the latest available and most efficient technology and techniques
  • Output is sold under contract - incorporate long-term sales contracts
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Export Market and Exchange Rates - Renminbi per $US in the Boat Building industry impact industry performance..

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    What's in this report

    What is the Boat Building Industry?

    The Boat Building industry in China is engaged in boat construction activities for the civilian and military sectors.

    Industry Products
  • Pleasure boats
  • Recreational boats
  • Other boats
  • Industry Activities
  • Building wooden ships, rubber boats, fiberglass reinforced plastic boats and ships, and yachts
  • Hovercraft construction
  • Building pleasure boats and yachts, specifically for providing commercial services, such as tourism
  • Pleasure boats, sports boats and yachts construction and repair
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Export Market
  • Exchange Rates - Renminbi per $US
  • Industry Systems and Technology - Manufacturing
  • Per Capita Disposable Income
  • Government Purchasing Policy - Transport Equipment

  • Current Performance
    Financial performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Boat Building Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boat Building Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Public Administration and Social Organizations
  • Households

  • Key Selling Industries
  • Clock and Watch Manufacturing
  • Engine Manufacturing
  • Scientific Instrument Manufacturing

  • Products & Services
  • Pleasure boats
  • Recreational boats
  • Other boats
  • Chart: Boat Building Industry Products and Services Segmentation

  • Demand Determinants
  • Boat quality
  • Exchange rates
  • National defense spending
  • Household disposable income levels
  • Boat prices
  • International demand

  • Major Markets
  • Domestic enterprises and households
  • Government
  • Exports
  • Chart: Major Market Segmentation for the Boat Building Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Boat Building

  • Basis of Competition
  • Technology
  • Loyal customer base
  • Price and reputation

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boat Building Industry

  • Industry Globalization
    Xianli (Zhuhai) Shipbuilding Co., Ltd., Jiangyin Xinjiang Fiberglass Reinforced Plastics Co., Ltd., Sunbird Yacht Co., Ltd., Wendeng Minghui Industry Co., Ltd., Qingdao Haoyun Boats Co., Ltd.,
  • Table: Xianli (Zhuhai) Shipbuilding Co., Ltd. - financial performance
  • Table: Jiangyin Xinjiang Fiberglass Reinforced Plastics Co., Ltd. - financial performance
  • Table: Sunbird Yacht Co., Ltd. - financial performance
  • Table: Wendeng Minghui Industry Co., Ltd. - financial performance
  • Table: Qingdao Haoyun Boats Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boat Building Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Boat Building Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Pleasure and Sport Boats Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hovercraft
  • Vehicles capable of moving over water or land on a cushion of air created by jet engines.
  • Rowboat
  • A small boat of shallow draft with cross thwarts for seats and rowlocks for oars with which it is propelled.
  • Scull
  • A long oar mounted at the stern of a boat and moved from side to side to propel the boat forward.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Boat Building market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boat Building:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boat Building market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boat Building, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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