Over the past five years, the Boatbuilding and Repair Services industry has struggled significantly. Weak consumer sentiment and discretionary income have limited consumers' expenditure on boats and other luxury vessels in the years following the global financial crisis. These trends contributed to a massive 26.3% drop in revenue in 2009-10. Domestic demand for new boats continued to decrease as customers looked to delay expenditure or cancel non-essential purchases altogether. Overall, industry revenue is estimated to decline at a compound annual rate of 5.1% over the five years through 2014-15, to reach $1.0 billion.
Companies in the industry primarily build or repair small- to medium-sized boats and vessels with a displacement of under 50 tonnes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.