Boat Dealership and Repair in the US - Industry Research Report

Calm waters: Rising consumer confidence and total recreation expenditure will support revenue growth

The Boat Dealership and Repair industry retails new and used boats, including canoes, sailboats, motorboats and boat parts and accessories. Boat dealers also offer repair and maintenance services, and mechanics may be employed by a boat dealer or operate independently. For most of the past five years, increasing per capita disposable income and a healthy economy have supported industry growth. Since boats are considered discretionary items, demand for products and services is influenced by the state of the economy. As demand increases and consumers spend more time on the water using boats, industry repair services will be required more frequently because of the normal wear and tear associated with operating a vessel. Over the past five years, industry revenue increased at a CAGR of 5% to $35 billion, including an increase of 2.3% in 2023.

This industry sells new and used recreational boats such as canoes, sailboats and motorboats (except personal watercraft), boat parts and accessories. This industry also provides repair and maintenance services; boat repairers may be employed by a boat dealer or operate as an independent shop.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.