Poor demand due to the economic recession has challenged Boat Building industry profitability during the past five years. Furthermore, rising steel costs cut into industry margins since the majority of operators were unable to pass on price increases to consumers. However, IBISWorld expects rising consumer confidence to slightly boost industry revenue in the five years to 2020.
This industry is composed of establishments that build boats, which are defined as water-craft not built in shipyards and typically intended for personal use. This does not include establishments engaged in ship building (IBISWorld report 33661aCA).
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.