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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

IBISWorld’s Boat Repair & Maintenance 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.

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
Revenue
£568m
Annual Growth 12-17
2.6%
Annual Growth 17-22
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Profit
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Employment
7,876
Businesses
550
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 - Industry Investment Chapter

Comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies, determines the level of capital intensity. Comparatively high depreciation costs are indicative of a high level of investment in depreciable assets, such as buildings and equipment, indicating a capital-intensive industry. Conversely, comparatively high wage costs are indicative of high labour intensity.

The industry has a medium level of capital intensity with an estimated capital-to-labour ratio of 1:7.09 in 2016-17. This indicates that for every £1.00 spent on capital, £7.09 will be spent on labour. The industry requires significant labour inputs to carry out maintenance and repair activities. The.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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