Boat Building Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This U.S. industry comprises establishments primarily engaged in building boats. Boats are defined as watercraft not built in shipyards and typically of the type suitable or intended for personal use. Included in this industry are establishments that manufacture heavy-duty inflatable rubber or inflatable plastic boats (RIBs). Illustrative Examples: Dinghy (except inflatable rubber) manufacturing Inflatable plastic boats, heavy-duty, manufacturing Inflatable rubber boats, heavy-duty, manufacturing Motorboats, inboard or outboard, building Rigid inflatable boats (RIBs) manufacturing Rowboats manufacturing Sailboat building, not done in shipyards Yacht building, not done in shipyards
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Boat Building industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Boat Building companies in the United States.

Distribution by Company Size

Company Size	All Industries	Boat Building
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Boat Building Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Boat Building Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Boat building
Motorboats, outboard, including commercial and military
Motorboats, outboard, wood/metal, incl. commercial/military
Motorboats, outboard, runabouts, wood or metal
Motorboats, outboard, utility, wood or metal
Motorboats, outboard, pontoon, wood or metal
Motorboats, outboard, bass, wood or metal
Motorboats, outboard, fish and ski, wood or metal
Motorboats, outboard, other fishing type, wood or metal
Motorboats, outboard, other types, wood or metal

Boat Building Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%
Chief Executives	0%
General and Operations Managers	1%
Architecture and Engineering Occupations	11%
Engineers	8%
Office and Administrative Support Occupations	7%
Construction and Extraction Occupations	15%
Construction Trades Workers	13%
Installation, Maintenance, and Repair Occupations	7%
Production Occupations	46%
Assemblers and Fabricators	16%
Miscellaneous Assemblers and Fabricators	12%
Fiberglass Laminators and Fabricators	6%
Assemblers and Fabricators, All Other, Including Team Assemblers	6%
Metal Workers and Plastic Workers	16%
Welding, Soldering, and Brazing Workers	10%
Welders, Cutters, Solderers, and Brazers	9%
Other Production Occupations	7%

Government Contracts

The federal government spent an annual total of $228,290,942 on the boat building industry. It has awarded 876 contracts to 204 companies, with an average value of $1,119,073 per company.

Top Companies in Boat Building and Adjacent Industries

Company	Address	Revenue ($ Millions)