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Boat Building in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN33661b

Boat Building in Minnesota industry analysis

The Boat Building industry in Minnesota is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x% during the same period. Industry establishments stagnated an annualized x% to xx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Boat Building in Minnesota Market Research Report

What’s Included in the Boat Building in Minnesota Market Research Report

Definition of the Boat Building in Minnesota?

Manufacturers in this industry build boats, defined as watercraft not built in shipyards, intended for personal, commercial and government use. This industry does not include shipbuilding (IBISWorld report 33661a).

What’s included in the Boat Building in Minnesota?

The Boat Building in Minnesota includes motorboat building, rowboat manufacturing, sailboat building, personal watercraft manufacturing, yacht building and dinghy manufacturing. Related terms covered in the Boat Building in Minnesota industry report includes a recreational watercraft that the rider sits or stands on, rather than inside of, such as a boat, a process used to make boat hulls stronger against collision and exposure, mid-sized boats powered by an attached engine located inside the hull, small- to medium-sized boats powered by a self-contained detachable engine and propulsion system attached to the transom, framework that forms the back of a boat vessel and small boats commonly used as lifeboats or to connect larger boats to land.

Industry Performance of the Boat Building industry in Minnesota

Benchmark the Boat Building in Minnesota industry performance with all MN county and national performance.

Boat Building in Minnesota

#7 in Highest Revenue 3.7% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Boat Building in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Boat Building industry in Minnesota

See how key industry drivers, such as population, private investment in non-residential construction, gross state product, per capita disposable income, households earning more than $100,000 and consumer confidence index are impacting Boat Building in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Non-Residential Construction
Gross State Product

View more economic information in MN State Economic profile

US Key External Drivers

Per capita disposable income
Households earning more than $100,000
Consumer confidence index

For the full list of industry drivers, see report purchase options.

County Data of the Boat Building industry in Minnesota

Access proprietary data on county in the Boat Building in Minnesota, such as St. Louis County, Winona County and Pine County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Boat Building industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Boat Building industry in Minnesota in 2025?

The market size of the Boat Building industry in Minnesota is $640.3m in 2025.

How many businesses are there in the Boat Building industry in Minnesota in 2025?

There are 12 businesses in the Boat Building industry in Minnesota, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Boat Building industry in Minnesota grown or declined over the past 5 years?

The market size of the Boat Building industry in Minnesota has been growing at an average annual rate of 1.1% from 2020 to 2025.

How many employees in the Boat Building industry in Minnesota in 2025?

There are 1,390 employees in the Boat Building industry in Minnesota, which has been growing at an average annual rate of 2.8% from 2020 to 2025.