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Boat Repair & Maintenance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Boat Repair & Maintenance Market Research Report | SIC C33.150 | Oct 2016

Rough waters: Demand from the military, households and freight transport is likely to fall

The Boat Repair & Maintenance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Babcock International Group plc Babcock International Group plc market share
BAE Systems plc BAE Systems plc market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Improving economic conditions have supported increased demand for repairs
  • Some ship owners fitted vessels with new sulphur scrubbing technology that boosted demand for industry services
  • Changes in access to the EU single market will limit trade and decrease freight transport activity
  • ... purchase to read more

Industry Analysis & Industry Trends

The industry expanded over the past five years, supported by strong demand conditions at the start of the period. This was mainly due to repairs and maintenance activities that were postponed during the downturn being carried out when economic conditions improved. Revenue declined from 2014-15, as weak demand for freight and passenger transport slowed demand for repair and maintenance. Demand from the military was also subdued as pressure on public spending intensified. Nevertheless, improvements in real disposable income and falling unemployment increased demand from households, because more households could afford leisure boats. In addition, demand for marine coating services grew, which supported industry revenue... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry are moderate for larger players trying to enter the industry due to competition for desirable locations, large set-up costs and the need for well-developed customer relationships. Competition for land in desirable locations is high. There are few locations feasible for market entrants, and without a location that is close to marinas or docks success is unlikely. Dry-dock services must be carried out near to the water, as the transportation of boats and ships can be extremely difficult and expensive (dependant on size of vessel). All other repair and maintenance work is completed with the boat still in the water; therefore, it is essential to be located here to improve efficiency. The high competition for this land increases the price and ultimately the set-up costs. Mea.. purchase to read more

Additional Insights for the Boat Repair & Maintenance Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boat Repair & Maintenance Industry are

  • Access to highly skilled workforce
  • Economies of scale
  • Access to the necessary amount of land/type of property
  • IBISWorld analysts also discuss how external factors such as Demand from sea and coastal freight water transport and Demand from sea and coastal passenger water transport in the Boat Repair & Maintenance industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Boat Repair & Maintenance Industry?

    This industry provides ship and boat repair and maintenance services including dry-dock services or in-water repair, spare part supplying and cleaning. Engine overhaul and the complete refitting of ships and boats are excluded from the industry.

    Industry Products
    Dry-dock servicesRepair and maintenance servicesCleaning servicesNew and replacement parts retailing
    Industry Activities
    Dry-dock servicesShip and boat repairSupplying new and replacement partsShip and boat maintenance and cleaning

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from sea and coastal freight water transport
  • Demand from sea and coastal passenger water transport
  • Government spending on defence
  • Real household disposable income
  • World price of steel
  • Current Performance
  • Downstream demand conditions
  • Regulation
  • Sinking margins
  • Chart: Revenue Growth
  • Industry Outlook
  • Growing uncertainty
  • Regulatory changes
  • Margins shrink
  • Table: Boat Repair & Maintenance Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boat Repair & Maintenance Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Sea & Coastal Passenger Water Transport
  • Sea & Coastal Freight Water Transport
  • Defence Activities
  • Consumers
  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Lifting & Handling Equipment Manufacturing
  • Tool Manufacturing
  • Products & Services
  • Repair and maintenance services
  • Dry-dock services
  • New and replacement parts retailing
  • Cleaning services
  • Chart: Boat Repair & Maintenance Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Commercial customers
  • Military
  • Commercial fishermen
  • Households
  • Other
  • Chart: Major Market Segmentation for the Boat Repair & Maintenance Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Boat Repair & Maintenance
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boat Repair & Maintenance Industry
  • Industry Globalization
    Major Companies
    BAE Systems plc
    Babcock International Group plc
  • Table: BAE Systems plc - financial performance
  • Table: Babcock International Group plc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Boat Repair & Maintenance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Boat Repair & Maintenance Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • The removal of boats from the water for inspection, cleaning, repair or overhaul.
  • Pleasure Boat
  • A boat used for personal and family recreation.
  • Super Yacht
  • A very expensive, privately owned, professionally crewed sailing or motor yacht.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boat Repair & Maintenance:
    • 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 of 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 Boat Repair & Maintenance 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 Boat Repair & Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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