£1.2bn
£XX.Xm
12,790
505
£XXX.Xm
Over the five years through 2024-25, the Recreational Boat and Yacht Building industry’s revenue is forecast to fall at a compound annual rate of 0.7% to £1.2 billion. Geopolitical issues, particularly the sanctions placed on certain high-net-worth Russians, have hurt UK yacht manufacturers with a focus on exporting their products. Climbing costs have also been an issue for the industry; high raw material prices, struggles attracting enough skilled labour and a focus on having more domestic suppliers to avoid volatility have driven up boat makers’ expenses, limiting profitability.
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated £1.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Princess Yachts Ltd | 341.4 | |
Sunseeker International Ltd | 324.2 | |
Pendennis Shipyard Ltd | 66.8 |
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Industry revenue is measured across several distinct product and services lines, including Motor boats, Sailing boats and Other vessels. Motor boats is the largest segment of the Recreational Boat & Yacht Building in the UK.
Sanctions on Russia dent motor boats orders, but other overseas markets’ orders rise
Companies in the Recreational Boat and Yacht Building industry manufacture recreational boats and yachts for domestic and export markets. Industry products range from luxurious super yachts to inflatable boats and canoes.
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SIC 30.12 - Recreational Boat & Yacht Building in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Geopolitical tensions cause issues for the industry. Exports to Russia, a key market for UK yacht manufacturers, have dropped significantly due to sanctions, hurting revenue.
Learn about an industry's products and services, markets and trends in international trade.
Sanctions disrupt the luxury superyacht market. UK and EU sanctions on Russian owners have resulted in yacht confiscations, forcing down sales for companies focusing on these...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Coastlines attract major producers. Ease of access to imported inputs and the ability to export final products worldwide make coastal areas ideal for shipyards. Most key comp...
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.
UK superyacht makers dominate the industry. Sunseeker International and Princess Yachts have carved out dominant positions in the superyacht market, with their luxurious prod...
Learn about the performance of the top companies in the industry.
Successful new models drive up Princess Yachts' revenue. The F62 and Y80 have been popular, contributing to a strong order book.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Boat builders face a few regulations. The Recreational Craft Regulations stipulate essential safety measures and registration requirements for recreational vessels measuring ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising costs limit yacht builders’ profit. Inflated input costs, such as high steel prices, combined with volatile payment structures and increased domestic sourcing to tackl...
Including values and annual change:
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Key data sources in the UK include:
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These sources include:
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The market size of the Recreational Boat & Yacht Building in the UK industry in United Kingdom is £1.2bn in 2024.
There are 505 businesses in the Recreational Boat & Yacht Building in the UK industry in United Kingdom, which has declined at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Recreational Boat & Yacht Building in the UK industry in United Kingdom has been declining at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Recreational Boat & Yacht Building in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Recreational Boat & Yacht Building market in United Kingdom are Princess Yachts Ltd, Sunseeker International Ltd and Pendennis Shipyard Ltd
Motor boats and Sailing boats are part of the Recreational Boat & Yacht Building in the UK industry.
The company holding the most market share in United Kingdom is Princess Yachts Ltd.
The level of competition is high and increasing in the Recreational Boat & Yacht Building in the UK industry in United Kingdom.