Boatbuilding and Repair Services in Australia - Industry Market Research Report

Sail away: COVID-19 lockdowns have boosted demand for industry services

Boat manufacturers have ridden a wave of consumer demand for luxury vessels in recent years, as high-income earners purchase small- and medium-sized vessels for recreational activities. Luxury consumer demand has been shielded from the worst economic effects of the COVID-19 pandemic, as domestic boatbuilders maintain steady production of yachts, small motorboats and cabin cruisers. Exports have gained momentum, as manufacturers service consumers and businesses in the United States and New Zealand. Large-scale Australian firms have developed strong international reputations, allowing them to ramp up production and explore untapped export markets. Revenue has climbed at an annualised 1.2% over the past five years, with an expected 4.4% decline in 2022-23, to reach an anticipated $1.4 billion.

Industry firms primarily build or repair small- to medium-size boats and vessels with a displacement of under 50 tonnes.

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.