Speeding up: A recovering economy and pent-up demand have improved industry revenue

IBISWorld’s Boat Building market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • The growing green movement and subsequent demand for fuel-efficient boats will drive sales
  • A combination of rising demand and consolidation has improved industry profitability
  • The moderate growth during this period will merely reclaim a portion of losses from previous years

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    Industry Analysis & Industry Trends

    Volatile demand conditions have significantly altered the Boat Building industry over the past decade. Since boats are a highly discretionary purchase, reduced consumer confidence and disposable income during the recession encouraged many consumers to hold off on major purchases. Despite these improved demand conditions, revenue is well below prerecessionary highs, and many operators have struggled to remain profitable. IBISWorld anticipates that continued gradual improvements in the general economy, including returning disposable income and growing consumer confidence, will strengthen revenue. Additionally, demand for fuel-efficient boats will further drive boat sales...

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    Industry Report - Starting a New Business Chapter

    The Boat Building industry has medium barriers to entry and success for new entrants is difficult given the high number of existing operators. Barriers to entry are expected to increase as competition grows along with capital intensity and required investment. Success for those looking to enter the industry will rely on location and boat type.

    Location plays a primary role in transportation, competition and capital costs. Consumers are typically located near major bodies of water, where many companies operate to reduce transportation costs. Areas with dense populations, however, experience high levels of competition and higher capital costs. For instance, the Southeast region's market has a high number of existing companies and premium marina costs. Sta..

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    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

  • Undertaking technical research and development
  • Financial structure of the company
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Households earning more than $100,000 in the Boat Building industry impact industry performance..

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    Industry Products

    What is the Boat Building Industry?

    This industry builds boats, which are defined as watercraft not built in shipyards and are typically intended for personal use. This industry does not include ship building (IBISWorld report 33661a).

    Industry Products
    Outboard motorboats
    Inboard motorboats
    Inboard-outdrive boats
    Personal watercrafts
    Industry Activities
    Motorboat building
    Sailboat building
    Personal watercraft
    Yacht building

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Households earning more than $100,000
  • Price of plastic materials and resin
  • Trade-weighted index
  • Time spent on leisure and sports

  • Current Performance
  • Increased spending and rising imports
  • Recovering profit
  • Changing tides
  • Chart: Revenue Growth

  • Industry Outlook
  • Consolidation and rising trade
  • Going green and R&D
  • Table: Boat Building Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Fishing
  • Boat Dealership and Repair
  • Ocean & Coastal Transportation
  • Inland Water Transportation
  • Sightseeing Transportation

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Glass Product Manufacturing
  • Millwork
  • Navigational Instrument Manufacturing
  • Paint Manufacturing
  • Wind Turbine Manufacturing

  • Products & Services
  • Outboard motorboats
  • Other
  • Inboard motorboats
  • Inboard-outdrive boats
  • Personal watercrafts
  • Chart: Boat Building Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Household consumers
  • Exports
  • Businesses for end use
  • Government
  • Chart: Major Market Segmentation for the Boat Building Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities, depreciation and marketing
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Boat Building

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Brunswick Corporation
  • Table: Brunswick Corporation - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Boat Building Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Consumer Spending (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Advanced Composite Process (Acp)
  • A process used to make boat hulls stronger against impact and exposure.
  • Dinghies
  • Small boats commonly used as lifeboats or to connect larger boats to land
  • Inboard Motorboats
  • Mid-size boats powered by an attached engine located inside the hull.
  • Outboard Motorboats
  • Small to medium-size boats powered by a self-contained detachable engine and propulsion system attached to the transom.
  • Personal Watercraft (Pwc)
  • A recreational watercraft that the rider sits or stands on, rather than inside of (as in a boat).
  • Transom
  • Framework that forms the back of a boat vessel
  • Why buy this report?

    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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