$35.5bn
$X.Xbn
145k
98,478
$X.Xbn
The Boat Dealership and Repair industry retails new and used boats, including kayaks, canoes, sailboats, motorboats and boat parts and accessories. Boat dealers also offer repair and maintenance services, and mechanics may be employed by a boat dealer or operate independently. Since boats are considered discretionary items, demand for products and services is influenced by the state of the economy. Volatile economic conditions, highlighted by unstable consumer confidence, have pressured growth. Even so, the post-pandemic economic recovery has supported demand. As demand increases and consumers spend more time on the water using boats, demand for repair services has also swelled because of the normal wear and tear associated with operating a vessel. Revenue ballooned at an expected CAGR of 5.1% to $34.0 billion, including a 1.3% jump in 2023, where profit reached 5.6%.
Industry revenue has grown at a CAGR of 4.2 % over the past five years, to reach an estimated $35.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Marinemax, Inc. | 1,999.7 | 182.3 | 9.1 | |
BPS Direct LLC | 828.4 | 40.6 | 4.9 |
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Industry revenue is measured across several distinct product and services lines, including New boats, Used boats and Parts and repair services. New boats is the largest segment of the Boat Dealership and Repair in the US.
Motorboats lead new boat sales
This industry sells new and used recreational boats such as canoes, sailboats and motorboats (except personal watercraft), boat parts and accessories. This industry also provides repair and maintenance services; boat repairers may be employed by a boat dealer or operate as an independent shop.
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NAICS 441222 - Boat Dealership and Repair 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.
The pandemic supported demand for new and used boats. Boat sales increased in 2020 and 2021 as consumers could participate in boating activities despite social distancing res...
Learn about an industry's products and services, markets and trends in international trade.
Motorboats are the most popular product segment. Motorboats are versatile, creating steady demand from a wide range of consumer and commercial markets.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Population, waterways and income levels attract dealers. Boat dealerships also commonly operate close to major suppliers, like boat manufacturers and wholesalers.
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.
Boat dealers face high internal competition, particularly in regions with nearby boating hubs. Most companies specialize in particular boats to capture certain niches.
Learn about the performance of the top companies in the industry.
Market share remains low. Many boat dealers offer similar products to each other and compete on price and service.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Various trade associations assist dealerships. In particular, the MRAA provides educational, advocacy and business development support for dealerships.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structure segments vary depending on size and scope. Smaller companies often struggle to operate beyond local markets and don't generate strong returns.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Boat Dealership and Repair in the US industry in United States is $35.5bn in 2024.
There are 98,478 businesses in the Boat Dealership and Repair in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Boat Dealership and Repair in the US industry in United States has been growing at a CAGR of 4.2 % between 2019 and 2024.
Over the next five years, the Boat Dealership and Repair in the US industry in United States is expected to grow.
The biggest companies operating in the Boat Dealership and Repair market in United States are Marinemax, Inc. and BPS Direct LLC
New boats and Used boats are part of the Boat Dealership and Repair in the US industry.
The company holding the most market share in United States is Marinemax, Inc..
The level of competition is high and steady in the Boat Dealership and Repair in the US industry in United States.