Overview

Bailing out: Weak demand for luxury boats causes many builders to exit the industry

IBISWorld’s Boatbuilding and Repair Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Exports to countries such as New Zealand, the United States and Spain 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

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    Industry Analysis & Industry Trends

    The Boatbuilding and Repair Services industry has struggled over the past five years. Revenue is expected to fall by an annualised 1.9% over the five years through 2016-17. 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. This trend is expected to contribute revenue declining by 6.9% in 2016-17, to $1.02 billion...

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    Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry, which have remained steady over the past five years. Barriers to entry are generally higher if prospective entrants target the mass-produced segments. High start-up costs, capital expenditure on machinery and equipment, and acquiring other technology can restrict new firms from manufacturing boats on a large scale.

    Customised builders typically cater for the high-end market and generally require highly skilled staff. Entry into the built-to-order boat segment tends to be far less difficult, as the flexibility of labour and material requirements is greater, and manufacturers can vary their stock and labour supply to suit demand. Nev..

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    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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    Industry Products

    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

    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 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
  • Sinking imports
  • 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Riviera Australia Pty Ltd
  • Table: Riviera Australia Pty Ltd - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Boatbuilding and Repair Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Displacement
  • 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.
  • 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 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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