The Boat Dealership and Repair industry sells new and used boats, including canoes, sailboats and motorboats (except personal watercraft) and boat parts and accessories. Additionally, industry operators provide repairs and maintenance services. These mechanics may be employed by a boat dealer or operate as an independent shop. Over the five years to 2018, industry revenue has increased, despite some fluctuations in year to year growth. Although the number of boat registrations declined over the past five years, expenditure on boats has actually increased during the period. The strengthening economy has enabled consumers to spend more on leisure activities, such as boating, thereby boosting industry revenue. As consumers increased their spending on boats and boat repair services, profit margins also improved. Over the five years to 2023, the industry is projected to grow at a slightly slower rate than the previous period as consumer confidence is anticipated to decrease, leading to fewer new and used boat sales.
This industry sells new and used recreational boats like canoes, sailboats and motorboats (except personal watercraft), boat parts and accessories. This industry also provides repair and maintenance services; boat repairers may be employed by a boat dealer or operate as an independent shop.
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.