Speed, too: A recovering economy and pent-up demand have improved industry revenue

The Boat Building industry, which manufactures watercrafts generally intended for personal use, has grown significantly over the past five years. Since its products are highly discretionary purchases, the industry benefited from increased wages and consumer spending. However, despite improved demand conditions, total revenue remains drastically lower than the industry's prerecessionary highs, and many operators have struggled to remain profitable. IBISWorld anticipates that continued improvements in the overall economy, including rebounding disposable income and growing consumer spending, will cause industry revenue to grow over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
5.2%
Forecast Growth 17-22
Profit
Employment
35,714
Businesses
850
Market Share of Companies

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
  • Moderate growth during this period will merely reclaim a portion of losses from previous years
  • Industry Report - Industry Analysis Chapter

    The Boat Building industry, which manufactures motorboats, canoes, jet boats and sailboats, is expected to continue recovering from its recessionary losses over the five years to 2017, rebounding at an annualized rate of 5.2% to $9.9 billion; in 2017 alone, industry revenue is expected to grow 0.9%. Economic growth has reinvigorated consumer spending, increasing demand for boats. Moreover, improved operational efficiencies due to facility consolidation have further boosted industry returns. Nevertheless, most boat builders have yet to fully recover from the four consecutive years of declining revenue that occurred before the current five-year period. Many manufacturers are still returning to prerecessionary levels of efficiency. Con...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

  • 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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    What's in this report

    What is the Boat Building Industry?

    This industry builds boats, which are defined as watercraft not built in shipyards, 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 watercraft and other
  • Industry Activities
  • Motorboat building
  • Rowboat
  • Sailboat building
  • Personal watercraft
  • Yacht building
  • Dinghy
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
  • Inboard motorboats
  • Personal watercraft and other
  • Inboard-outdrive boats
  • Chart: Boat Building Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Exports
  • Businesses for end use
  • Government
  • 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
    ProfitPurchasesWagesRent, utilities, depreciation and marketingOther 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
    Brunswick Corporation,
  • Table: Brunswick Corporation - 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)
  • Consumer Spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Boat Building contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    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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