The 2019 Ship and Boat Building Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
This industry group includes companies primarily engaged in operating shipyards or boat yards (i.e., ship or boat manufacturing facilities). Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. Boats are defined as watercraft typically suitable or intended for personal use. Activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.
Highlights from the 2019 Ship and Boat Building Market Research Report:
INDUSTRY SIZE & ATTRACTIVENESS
In 2018, industry sales were $34.5 billion
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Over the past 3 years, the industry has grown at an annual rate of 0.2%
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There are 1,397 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company was $24.7 million
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INFLATION & PRICING
2019 forecasted inflation is 1.9%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 3.4
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Employee productivity is $243,311
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3.3% of expenses are spent on health insurance
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In 2018, industry operating expenses grew 4.5%
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In 2018, payroll per employee was $57,463
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PAYROLL BY STATE
California averages $44,777 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
3.3% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $24.67
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The above highlights represent a small fraction of what you will find in this report.
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