Industry Analysis & Industry Trends
The Boat Repair and Maintenance industry has experienced ups and downs over the past five years. Total industry revenue has fallen by an annualised 0.9% per annum over the five-year period to be worth £3.01 billion in 2011-12. In 2006-07 and 2007-08 the industry benefited from increased boating and shipping activity. However, the credit crunch and the subsequent recession coupled with lower freight volumes reduced industry revenue in 2008-09. Since then the industry has continued to recover, with revenue increasing 6.1% in 2011-12, however it still remains well below its level in 2007-08.
The revenue for the sea freight market has grown steadily, as has revenue for shipbuilding and the construction of pleasure and sports boats... purchase to read more
Industry Report - Industry Locations Chapter
Businesses in the industry are heavily concentrated in the southern part of the United Kingdom, in the South East and South West regions. This is due to the large number boat and ship builders in the regions. These regions construct large ships as well as pleasure crafts, with a significant proportion of the pleasure boat revenue coming from the construction of super yachts.
One exception is Scotland. Scotland has a large shipbuilding industry (given its proportion of the UK population and economy) generating about 22.5% of the shipbuilding revenue. Scotland builds warships for domestic and export markets. Major company BAE Systems has gained a contract to build two aircraft carriers in Scotland over the next few years, which represents a major shipbuilding project in this region... purchase to read more