Boat Repairing Market Report 2026

The boat repairing market size has grown strongly in recent years. It will grow from $8.11 billion in 2025 to $8.79 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth of recreational boating, aging commercial fleets, demand for safety compliance, marine tourism expansion, traditional repair practices.

The boat repairing market size is expected to see strong growth in the next few years. It will grow to $12.67 billion in 2030 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increased boat ownership, demand for high-performance coatings, digital diagnostics in marine repair, sustainable maintenance practices, expansion of marina services. Major trends in the forecast period include growing demand for routine maintenance services, expansion of aftermarket marine services, rising refurbishment of aging boats, increased focus on corrosion protection, adoption of advanced repair techniques.

The increasing demand for recreational boats is anticipated to boost the demand for the boat-repairing market. Recreational boating is a popular leisure activity across the globe, with many people participating in activities such as water skiing, fishing, and travel. For instance, in May 2024, according to the Marine Retailers Association of the Americas (MRAA), a US-based non-governmental organization, in 2023 there were 3,844 boating accidents, leading to 564 deaths and 2,126 injuries, alongside $63 million in property damage. These figures indicate a slight decrease of 4.9% in accidents and 11.3% in fatalities compared to 2022. Therefore, the surge in recreational boating is likely to contribute to the demand for the boat-repairing market.

Major companies operating in the boat-repairing and maintenance market are focusing on developing advanced shipyard facilities and lifting technologies to enhance efficiency, safety, and service capabilities. Advanced shipyard facilities and lifting technologies refer to modern infrastructure and equipment, such as dry docks, workshops, and boat lifts like the Croc Lift, that enable safe, efficient, and precise handling, maintenance, and repair of vessels. For instance, in August 2024, Vista Mar Marina, a US-based marina and yacht service provider, launched a new shipyard equipped with the advanced Croc Lift system. The Croc Lift enables rapid, safe, and precise lifting and launching of vessels of varying sizes, significantly reducing turnaround time for repairs, maintenance, and refits. By integrating this cutting-edge lifting technology, Vista Mar Marina aims to improve operational efficiency, expand service capacity for luxury yachts, and strengthen its position in the high-end boat repair and refit market.

In October 2025, Coastal Veterans Repair Group, a US-based boat repair and maintenance service provider, acquired Voyager Maritime for an undisclosed amount. With this acquisition, Coastal Veterans Repair Group aims to expand its service network, enhance its repair and refit capabilities, improve operational efficiency, and strengthen its position in the marine maintenance market. Voyager Maritime is a US-based company specializing in yacht and vessel repair, maintenance, and maritime support services.

Major companies operating in the boat repairing market report include Brunswick Corporation, Groupe Beneteau S.A., Malibu Boats, Inc., Ferretti S.p.A., MasterCraft Boat Company, Inc., MarineMax, Inc., Princess Yachts International Limited, Sunseeker International Limited, Gulf Craft Group, Riviera Australia Pty. Ltd., Viking Yacht Company, Inc., Hinckley Yachts LLC, Hatteras Yachts, Inc., Grady-White Boats, Inc., Regal Marine Industries, Inc., Bayliner Marine Corporation, Azimut Benetti S.p.A., Sabre Yachts, Oy Nautor AB, Outer Reef Yachts Pty. Ltd., Pursuit Boats LLC.

Asia-Pacific was the largest region in the boat repairing market in 2025. North America was the second-largest region in the global boat repairing market share. The regions covered in the boat repairing market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the boat repairing market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The boat repairing market include revenues earned by entities by repairing sport fishing boats, motorboats, sailboats, pontoon boats, bay boats, runabouts, and watersport boats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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