The industry had a tumultuous last five years, with falling disposable incomes causing demand for boats to plummet. Smoother sailing is on the horizon, however, as the economic recovery boosts consumer spending on luxury items like watercraft. Furthermore, growing demand for more advanced and custom-made boats will drive profit upward. Boat builders will increasingly target baby boomers, who are generally cash-rich and are nearing retirement, and therefore have the means and time to spend on boats.
This industry builds boats, which are defined as watercraft not built in shipyards and are 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.