Boat Building in the US - Industry Market Research Report
Boat Building in the US
Boat builders manufacture various watercraft intended mostly for personal use. These products are considered highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and consumer spending levels. Revenue increased each year between 2015 and 2018, but COVID-19 had dire consequences in 2020. Altogether, revenue has fallen at a CAGR of 2.3% to $12.1 billion over past five years, including a 2.3% drop in 2020 and a further 1.6% in 2021. This trend will reverse with industry revenue rising an expected 0.9% in 2023 alone. Industry profit has faltered over the past five years, decreasing as a result of heightened labor competition and volatile input costs.
Operators in this industry build 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).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance