$3.2bn
$XXX.Xm
17,713
92
$XXX.Xm
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.
Industry revenue has grown at a CAGR of 18.1 % over the past five years, to reach an estimated $3.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Xianli (Zhuhai) Shipbuilding Co., Ltd. | 242.4 | |
Changzhou Boatbuilding Co., Ltd. | 216.6 | |
Jianglong Shipbuilding Co., Ltd. | 203.1 |
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Industry revenue is measured across several distinct product and services lines, including Pleasure boats, Recreational boats and Other boats. Pleasure boats is the largest segment of the Boat Building in China.
Pleasure boats make up the largest product segment
The Boat Building industry in China is engaged in boat construction activities for the civilian and military sectors.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry revenue has fluctuated with global markets. Despite volatility and variation in import quantity, industry exports account for a higher share of industry revenue.
Learn about an industry's products and services, markets and trends in international trade.
Pleasure boats make up the largest product segment. With development of yachting tourism and assistance policies, this segment is expected to increase.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry is mainly distributed in coastal provinces. Total sales revenue in Guangdong, Jiangsu, Shandong and Zhejiang is expected to account for 58.9% of total industry r...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Enterprises of price advantages usually could develop fast. Owning largely loyal customer base benefits the steady development of the enterprise.
Learn about the performance of the top companies in the industry.
Regional advantages are important for the industry enterprises. Many Companies are located in the Yangtze River Delta and the Pearl River Delta and have regional advantages.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Increasing consumers’ income level promotes industry growth. With China's increasing per capita disposable income levels, people can spend more money on entertainment activit...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry profitability will increase. Introduction of advanced foreign technologies and management strategies to continually improve quality and design will promote growi...
Including values and annual change:
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Key data sources in China include:
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These sources include:
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The market size of the Boat Building industry in China is $3.2bn 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.
The market size of the Boat Building industry in China has been growing at a CAGR of 18.1 % between 2019 and 2024.
Over the next five years, the Boat Building industry in China is expected to grow.
The biggest companies operating in the Boat Building market in China are Xianli (Zhuhai) Shipbuilding Co., Ltd., Changzhou Boatbuilding Co., Ltd. and Jianglong Shipbuilding Co., Ltd.
Pleasure boats and Sport boats are part of the Boat Building industry.
The company holding the most market share in China is Xianli (Zhuhai) Shipbuilding Co., Ltd..
The level of competition is moderate and increasing in the Boat Building industry in China.