Taking the helm: Industry firms update popular models in order to support revenue growth

The Recreational Boat and Yacht Building industry manufactures recreational boats, including inflatable boats, as well as canoes and kayaks. The industry mainly focuses on the production of yachts. The major market for the industry is high net worth individuals both domestically and internationally. The industry has performed well over the five years through 2018-19, with industry revenue expected to grow at a compound annual rate of 1.7%.Demand for industry products faltered at the beginning of the period but picked up over the following years. This was initially through an increase in domestic demand followed by a strong increase in international demand subsequent to the depreciation of the pound in 2016-17, which was caused by the EU referendum result...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • The rising number of wealthy individuals in places like China should drive growth
  • Poor conditions at the start of the period caused a number of operators to exit the industry
  • Companies are expected to focus on redesigning popular models over the next five years
  • Industry Report - Industry Locations Chapter

    The South East and the South WestThe Recreational Boat and Yacht Building industry is heavily concentrated in the South Coast, with 50.1% of industry establishments located in the South East and South West. This has increased over the past five years. These regions account for a large percentage of the domestic demand for boats and yachts as both regions have many harbours and marinas that are highly desirable places to keep a boat. The regions are also the most conveniently located for delivery to key European markets. Although the South East is home to the largest number of industry establishments, three of the four largest industry operators, Sunseeker, Princess Yachts and Pendennis Shipyard, are located in the South West. The...purchase to read more.

    Additional Insights for the Recreational Boat & Yacht Building Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Recreational Boat & Yacht Building Industry are

  • Access to highly skilled workforce
  • Undertaking technical research and development
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Expenditure by household income- highest quintile and Average real wage in the Recreational Boat & Yacht Building industry impact industry performance..

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    What's in this report

    What is the Recreational Boat & Yacht Building Industry?

    Firms 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.

    Industry Products
  • Motor boats
  • Sailing boats
  • Other vessels
  • Industry Activities
  • Motor boat
  • Sailing boat
  • Custom boat
  • Other boat
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Expenditure by household income- highest quintile
  • Average real wage
  • Real effective exchange rate
  • Average weekly hours of work

  • Current Performance
  • Making waves
  • Choppy waters
  • Profit margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand conditions
  • EU trade
  • Profit margins
  • Table: Recreational Boat & Yacht Building Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Recreational Boat & Yacht Building Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sea & Coastal Passenger Water Transport
  • Consumers

  • Key Selling Industries
  • Aluminium Production
  • Iron & Steel Manufacturing
  • Measuring, Testing & Navigational Equipment Manufacturing

  • Products & Services
  • Motor boats
  • Sailing boats
  • Other vessels
  • Chart: Recreational Boat & Yacht Building Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • International customers
  • Domestic citizens
  • Domestic commercial users
  • Community, school and sporting groups
  • Chart: Major Market Segmentation for the Recreational Boat & Yacht Building Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Recreational Boat & Yacht Building

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Recreational Boat & Yacht Building Industry

  • Industry Globalization
    Princess Yachts Ltd, Sunseeker International Ltd, Pendennis Shipyard Ltd,
  • Table: Princess Yachts Ltd - financial performance
  • Table: Sunseeker International Ltd - financial performance
  • Table: Pendennis Shipyard Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Recreational Boat & Yacht Building Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Recreational Boat & Yacht Building Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Balloon Payment
  • A payment made to complete the outstanding sum payable for a boat once it has been finished.
  • Hull
  • Watertight external body of a boat or yacht
  • Running Phase
  • Yachts at the delivery stage, where they go through sea acceptance testing.
  • Super Yacht
  • A luxury and generally very expensive private boat with a professional crew.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Recreational Boat & Yacht Building market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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    This report on Recreational Boat & Yacht Building:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Recreational Boat & Yacht Building market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Recreational Boat & Yacht Building, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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