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Recreational Boat & Yacht Building in the UK: Market Research Report

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

Recreational Boat & Yacht Building Market Research Report | SIC C30.120 | Dec 2016

Making waves: The depreciating pound is expected to boost an increase in export revenue

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.

Report Snapshot
Market Share of Companies
Princess Yachts International Plc Princess Yachts International Plc market share
Sunseeker International Ltd Sunseeker International Ltd market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
1.7%
Annual Growth 17-22
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Profit
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Employment
11,143
Businesses
475
Industry Analysis & Industry Trends

The Recreational Boat and Yacht Building industry has undergone a volatile period over the past five years. Pleasure and sports boats are expensive discretionary purchases, so consumers are unlikely to make a purchase during times of uncertainty. For the industry's more expensive vessels, a significant portion of revenue is often generated after production is completed. Super yachts can take upwards of two years to finish. As a result, low orders due to the faltering economic recovery led to a decline in 2013-14. Improvements in the domestic economy and key export markets, notably demand from North America has supported growth over the past five years... purchase to read more

Industry Report - Starting a New Business Chapter

There are several barriers to entry that are common across the industry, regardless of the size of operators. The most notable of these are regulatory barriers, with manufacturing and safety standards needing to be met. The highly competitive nature of the industry may also discourage new entrants.

The construction of larger pleasure and sporting boats has substantial infrastructure requirements. The cost of leasing plant space, equipment and marina space can be very high, especially for operators building bigger, more complex vessels. However, the low value of depreciation indicates that these costs vary greatly depending on the type and size of operator.

Super yachts cost millions of dollars and require substantial outlays, not just for equipment but also for materials. Ano.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Recreational Boat & Yacht Building Industry?

Firms in the Recreational Boat and Yacht Building industry manufacture recreational boats and yachts. Industry products range from luxurious super yachts toinflatable boats and canoes.

Industry Products
Motor boatsSailing boatsOther vessels
 
Industry Activities
Motor boatSailing boatOther boat


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