Missing the boat: Profitability has declined due to weaker domestic demand for luxury vessels

The Boatbuilding and Repair Services industry has struggled over the past five years. Industry revenue is expected to fall at an annualised 0.9% over the five years through 2017-18. Industry players manufacture a range of boats, including yachts, rowing boats, runabouts, cruisers and catamarans. Many smaller players also provide repair services across Australia's vast coastline. The industry relies on new boat sales, which has proven challenging for industry players over the past five years. Domestic demand declined over the period, as consumers have delayed expenditure or cancelled non-essential purchases. Despite this, industry revenue is expected to increase by 2.1% in 2017-18, to $1.1 billion...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Exports to countries such as New Zealand, the United States and France have risen
  • A depreciating Australian dollar has provided some relief for industry players
  • Domestic demand for boats and other vessels is expected to continue its long-term decline
  • Industry Report - Industry Key Buyers Chapter

    The industry displays a low market share concentration. In 2017-18, the four largest players are estimated to account for less than 40% of total revenue. Riviera Australia is the industry's only major player, with an estimated market share of 14.6% in 2017-18. Over the past five years, market share concentration has remained at a low level.Many small-scale enterprises operate in the industry. According to the ABS, in 2015-16 only 1.9% of industry firms employed 20 or more staff, while only 6.8% of enterprises generated more than $2 million in revenue. In addition, many firms that provide boat repair services are non-employing sole-proprietors, which further contributes to the industry's fragmented structure...purchase to read more.

    Additional Insights for the Boatbuilding and Repair Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boatbuilding and Repair Services Industry are

  • Access to the latest available and most efficient technology and techniques
  • Production of goods currently favoured by the market
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from marine equipment retailing and Real household discretionary income in the Boatbuilding and Repair Services industry impact industry performance..

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    What's in this report

    What is the Boatbuilding and Repair Services Industry?

    Industry firms primarily build or repair small- to medium-size boats and vessels with a displacement of under 50 tonnes.

    Industry Products
  • Small vessels
  • Medium-sized vessels
  • Repair and maintenance services
  • Other vessels
  • Industry Activities
  • Boat repairing
  • Boatbuilding
  • Canoe
  • Dinghy
  • Inflatable boat
  • Jet boat building
  • Motorboat building
  • Powerboat building
  • Sailboat
  • Yacht construction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from marine equipment retailing
  • Real household discretionary income
  • US dollars per Australian dollar
  • Average weekly hours worked
  • World price of aluminum
  • Consumer sentiment index

  • Current Performance
  • Demand factors
  • Profitability
  • Sinking imports
  • Rising exports
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand factors
  • Profitability
  • Ageing population
  • Rising exports
  • Industry participation
  • Table: Boatbuilding and Repair Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boatbuilding and Repair Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Marine Equipment Retailing
  • Defence
  • Fishing
  • Consumers
  • Water Passenger Transport

  • Key Selling Industries
  • Aluminium Rolling, Drawing and Extruding
  • Fabricated Wood Manufacturing
  • Natural Rubber Product Manufacturing
  • Plastic Bottle Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing

  • Products & Services
  • Small vessels
  • Repair and maintenance services
  • Medium-sized vessels
  • Other vessels
  • Chart: Boatbuilding and Repair Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers and retailers
  • Commercial and government markets
  • Export markets
  • Consumers
  • Chart: Major Market Segmentation for the Boatbuilding and Repair Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Boatbuilding and Repair Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boatbuilding and Repair Services Industry

  • Industry Globalization
    Riviera Australia Pty Ltd,
  • Table: Riviera Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boatbuilding and Repair Services 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 Boatbuilding and Repair Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The weight of water that a ship or boat displaces when it floats.
  • Runabouts
  • Small motorboats that can carry up to eight people.
  • Yacht
  • A large, usually motor-driven craft used for pleasure cruising or a sailboat used for racing.
  • What Our Customers Say

    Why buy this report?

    The Boatbuilding and Repair Services 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.

    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 Boatbuilding and Repair Services:
    • 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 Boatbuilding and Repair Services 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 Boatbuilding and Repair Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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