Smooth sailing: Rising disposable income will lead to gradual industry revenue growth

Over the past five years, the Marinas industry has experienced sailing along with increased revenue growth and rising profit. As shown by increased boat building activity, consumers have been feeling more financially sound and capable of spending on nonessential activities, such as boating and water sports, over the five years to 2017. Rising recreational spending and declining fuel prices have also created positive conditions for the Marinas industry. While many operators left the industry following the economic downturn, businesses that have stuck it out have experienced considerable revenue growth and will likely expand operations with their increased earnings...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
1.8%
Forecast Growth 17-22
Profit
Employment
35,741
Businesses
12,005
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Consumer conditions have raised demand for boat storage as the number of boat owners has increased
  • The majority of businesses in the industry are local operations with only one establishment
  • The increasing number of boats being built will secure revenue for the future
  • Industry Report - Industry SWOT Analysis Chapter

    The Marinas industry is in the mature stage of its life cycle. Over the 10 years to 2022, industry value added (IVA), which measures the industry's contribution to GDP is expected to increase at an annualized rate of 1.8%, while GDP is forecast to grow an annualized 2.0%. Although, IVA is not in line with GDP, the industry is in the mature stage of its lifecycle. Operators in the industry usually own only one establishment. Long-time marinas are expected to remain in the industry while few competitors enter the market. There will be little technological advancement in the way marinas operate, with most innovation coming from boat manufacturers. Alt...purchase to read more.

    Additional Insights for the Marinas Industry

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

  • Ability to accommodate environmental requirements
  • Easy access for clients
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from boat building in the Marinas industry impact industry performance..

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    What is the Marinas Industry?

    Marinas provide docking and storage for pleasure craft owners. Marinas may also sell fuel and marine supplies and provide services such as repairing or renting boats. Many operators in this industry offer sailing instruction in addition to recreational boat rental. Marinas do not handle large passenger ships or cargo from freighters.

    Industry Products
  • Pleasure craft docking, launching, storage and utilities services
  • Fuel and merchandise sales
  • Repairs and maintenance services
  • Food and beverage sales
  • Industry Activities
  • Boating clubs with marinas
  • Marinas
  • Sailing clubs with marinas
  • Yacht basins
  • Yacht clubs with marinas
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from boat building
  • Households earning more than $100,000
  • Time spent on leisure and sports
  • Consumer Confidence Index
  • World price of crude oil

  • Current Performance
  • Favorable consumers
  • Location, regulation and externalities
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing consumer economy
  • Personalized services are the way forward
  • All hands on deck
  • Table: Marinas Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Sightseeing Transportation
  • Consumers

  • Key Selling Industries
  • Bicycle Dealership and Repair
  • Boat Dealership and Repair
  • Construction
  • Sporting Goods Wholesaling

  • Products & Services
  • Pleasure craft docking, launching, storage and utilities services
  • Fuel and merchandise sales
  • Other
  • Repairs and maintenance services
  • Food and beverage sales
  • Chart: Marinas Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Boat owners aged 48 to 67
  • Boat owners aged 33 to 47
  • Boat owners aged 18 to 32
  • Boat owners aged 67 and older
  • Chart: Major Market Segmentation for the Marinas Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and UtilitiesMarketingDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Marinas

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Marinas Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Marinas 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 Marinas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Demand from boat building (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Berthing
  • The process of securing a boat or watercraft by means of cables, anchors or lines.
  • Boat Slip
  • A ramp on the shore on which boats can be moved to and from the water.
  • Dry Storage
  • A method where boats are stored vertically in rack systems (double, triple or even quadruple) as an alternative to slip storage.
  • Liveaboard
  • A ship that individuals use as their primary residence.
  • Mooring
  • An anchored buoy used to secure a boat down.
  • Powerport
  • A port that includes connections for phone, cable TV and high speed internet, which boats can connect to when they are moored.
  • Why buy this report?

    IBISWorld’s Marinas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Marinas:
    • 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 Marinas 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 Marinas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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