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

IBISWorld’s industry research report on Boat Building can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Investment Chapter

    The Boat Building industry exhibits a moderate level of capital intensity. In 2017, industry operators are expected to invest $0.11 in capital for every dollar spent on labor. The industry is labor intensive, with wages accounting for a high proportion of revenue. While new technologies have been introduced into the boat building process, labor remains an essential component of manufacturing due to high levels of product customization. Products require intricate manual work and employers typically use a high proportion of qualified employees, such as graduates from trade schools, compared to other transport equipment manufacturing industries. These factors yield relatively high wages for workers. In ..

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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, 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
    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
  • 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
    Competitive Landscape
    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
    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 (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
    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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