This US 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.
Introduction
Sailing towards smooth seas!
This industry has braved many rough seas and while the waves will not smooth out completely, the next five years will see smoother sailing. Disposable income levels are forecast to increase over the forecast period, influencing consumers to set sail and spend more on items such as boats. Boat builders are estimated to likely target the cash-rich Baby Boomers demographic over the outlook period as this group is expected to retire with larger pension funds.
