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Boat Building in China Industry Data and Analysis
The Boat Building industry has fluctuated over the five years through 2024, with industry revenue generally increasing at an annualized rate of 18.1%. Industry revenue is expected to grow 17.4% to $3.2 billion, when profit is anticipated to be 4.0%. About 92 companies operate in the industry in 2024, employing about 17,713 people with total wages of $206.3 million.Over the five years through 2024, industry revenue has fluctuated with global markets, as industry exports account for higher shares of industry revenue. Improving technologies and designing capabilities also give Chinese products a global competitive advantage. Boating and similar leisure activities are generally more popular in developed countries with higher average household disposable income levels. Exports as share of total industry revenue have increased over the past five years, up from 46.9% in 2019 to an estimated 57.0% in 2024.The industry mainly concentrates in the Yangtze River Delta and the Pearl River Delta, both of which have developed economy and many ports and are coastal areas. These two areas have relatively complete boat building industrial clusters.The government has launched some favorable policies to support the industry development. For instance, in March 2022, the State Council issued the Fourteenth Five Year Plan for Tourism Development. The plan proposes to promote the technical upgrading of tourism equipment, and focus on promoting independent innovation of high-end cruise ships and yachts. Over the next five years, industry revenue is projected to increase at an annualized rate of 9.9% to reach $5.2 billion in 2029. The rapid development of the intelligence yacht segment will have a positive influence on the development of the industry in future years. In addition, with improvement of product performance and high-end development, industry profitability is expected to increase gradually in the next five years.
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What's included in this industry analysis
IBISWorld's research coverage on the Boat Building industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.
About this industry
What's this industry report about?
The Boat Building industry in China operates under the industry code 3752. The Boat Building industry in China is engaged in boat construction activities for the civilian and military sectors. Related terms covered in the Boat Building industry in China include hovercraft, scull and rowboat.
What's included in this industry?
Products and services covered in Boat Building industry in China include Pleasure boats, Recreational boats and Other boats.
What companies are included in this industry?
Companies covered in the Boat Building industry in China include Xianli (Zhuhai) Shipbuilding Co., Ltd., Changzhou Boatbuilding Co., Ltd. and Jianglong Shipbuilding Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Boat Building industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Boat Building industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Boat Building industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Boat Building industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Boat Building industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Boat Building industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Boat Building industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Boat Building industry in China.
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Frequently Asked Questions
What is the market size of the Boat Building industry in China in 2026?
The market size of the Boat Building industry in China is $3.2bn in 2026.
How many businesses are there in the Boat Building industry in China in 2024?
There are 92 businesses in the Boat Building industry in China, which has grown at a CAGR of 3.4 % between 2019 and 2024.
How may import tariffs affect the Boat Building industry in China?
The Boat Building industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Boat Building industry in China?
The Boat Building industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Boat Building industry in China grown or declined over the past 5 years?
The market size of the Boat Building industry in China has been growing at a CAGR of 18.1 % between 2019 and 2024.
What is the forecast growth of the Boat Building industry in China over the next 5 years?
Over the next five years, the Boat Building industry in China is expected to grow.
What are the biggest companies in the Boat Building industry in China?
The biggest companies operating in the Boat Building industry in China are Xianli (Zhuhai) Shipbuilding Co., Ltd., Changzhou Boatbuilding Co., Ltd. and Jianglong Shipbuilding Co., Ltd.
What does the Boat Building industry in China include?
Pleasure boats and Sport boats are part of the Boat Building industry in China.
Which companies have the highest market share in the Boat Building industry in China?
The company holding the most market share in the Boat Building industry in China is Xianli (Zhuhai) Shipbuilding Co., Ltd..
How competitive is the Boat Building industry in China?
The level of competition is moderate and increasing in the Boat Building industry in China.
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