$14.6bn
$XXX.Xm
43,307
849
$X.Xbn
Boat builders manufacture various watercraft intended for personal, commercial and government use. These products are highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and spending. Poor performance during the pandemic and due to high interest rate have bracketed otherwise torrid expansion from boat builders. Overall, revenue has expanded at an expected CAGR of 2.7% to $14.6 billion through the current period, including a 1.8% jump in 2024, where profit will reach 5.1%.
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $14.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Brunswick Corporation | 1,531.0 | 171.8 | 11.2 |
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Industry revenue is measured across several distinct product and services lines, including Outboard motorboats, Inboard motorboats and Boat Parts and Repair. Outboard motorboats is the largest segment of the Boat Building in the US.
Outboard motorboats are the bestselling product
Manufacturers in this industry build boats, defined as watercraft not built in shipyards, intended for personal, commercial and government use. This industry does not include shipbuilding (IBISWorld report 33661a).
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NAICS 336612 - Boat Building in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising inflation has stymied boat-building demand. As a highly discretionary purchase, skyrocketing interest rates have discouraged buyers from taking out loans to purchase b...
Learn about an industry's products and services, markets and trends in international trade.
Outboard motorboats continue to be the most popular product. Outboard motorboats are the most affordable product and are in demand across all markets.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most manufacturers operate close to coastal regions. Most boat builders have operations in the Southeast, Great Lakes and West regions.
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.
Competition is on the rise. Consolidation among boat builders will grow as larger producers attempt to improve their market share and expand into new, more lucrative markets.
Learn about the performance of the top companies in the industry.
Brunswick remains the sole major player. Brunswick has increased its market share concentration through strategic acquisitions and research and development.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulation focuses on safety and environmental sustainability. Regulatory policies ensure product safety and environmental friendliness. Small, personal watercraft such as ca...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases remain the largest expense. The price of materials has risen significantly through the current period, contributing to profit volatility.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Boat Building in the US industry in United States is $14.6bn in 2024.
There are 849 businesses in the Boat Building in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Boat Building in the US industry in United States has been growing at a CAGR of 2.7 % between 2019 and 2024.
Over the next five years, the Boat Building in the US industry in United States is expected to grow.
The biggest company operating in the Boat Building market in United States is Brunswick Corporation
Motorboat building and Rowboat manufacturing are part of the Boat Building in the US industry.
The company holding the most market share in United States is Brunswick Corporation.
The level of competition is moderate and steady in the Boat Building in the US industry in United States.