Boat Building and Repairing Market Report 2026

The boat building and repairing market size has grown strongly in recent years. It will grow from $51.71 billion in 2025 to $54.92 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to marine tourism growth, expansion of fishing activities, demand for private leisure boats, traditional boatbuilding practices, aging vessel fleets.

The boat building and repairing market size is expected to see strong growth in the next few years. It will grow to $71.92 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to sustainable boat materials adoption, growth of electric boats, increased defense spending on naval vessels, marina infrastructure development, demand for modern repair services. Major trends in the forecast period include growth in recreational boat demand, rising maintenance and refurbishment activities, adoption of lightweight materials, expansion of commercial boat fleets, increasing customization in boat design.

The growing tourism industry is expected to boost the growth of the boat-building and repairing market going forward. The tourism industry is a broad and complex sector that includes people traveling to other regions for economic, social, or commercial purposes, locally or globally. Recreational activities such as boating and water sports are becoming increasingly popular as tourism destinations attract more travelers, supporting the boat-building and repair industry. For instance, in April 2024, according to the Sports Events and Tourism Association, a US-based non-profit trade association for the sport tourism industry, in 2023, the sport tourism industry experienced a 7% growth in traveler volume compared to 2022. Furthermore, in 2023, the number of sports travelers in America reached a record high of 204.9 million. Therefore, the growing tourism industry is driving the growth of the boat-building and repairing market.

Major companies operating in the boat-building and repairing market are focusing on developing innovative solutions, such as superyacht services, to enhance customer experience, extend vessel lifespan, improve operational efficiency, and meet the rising demand for luxury and personalized marine services. Superyacht services refer to a comprehensive range of professional services provided to luxury yachts typically over 24 meters (79 feet) in length. For instance, in January 2025, Gibdock Ltd., a Spain-based ship repair and maintenance company, launched Gibdock Yachting, a dedicated division for luxury superyacht refits, in collaboration with BWA Yachting, the world’s largest superyacht agency. Gibdock Yachting provides end-to-end refit solutions, leveraging an experienced team and a network of specialized subcontractors to ensure precision, efficiency, and timely project delivery. Its services cater to a wide range of vessels, particularly benefiting yachts transitioning between Mediterranean and Caribbean cruising seasons, while offering personalized project management and high-quality workmanship. This launch reflects the growing trend of specialized, all-in-one superyacht services in the boat-building and repairing market.

In June 2023, Lone Star Funds, a US-based private equity company, acquired Titan Acquisition Holdings for an undisclosed amount. With this acquisition, Lone Star Funds aims to expand its investment portfolio, strengthen its presence in the industrial and corporate acquisition space, and leverage Titan Acquisition Holdings’ operational capabilities to drive growth and value creation. Titan Acquisition Holdings is a US-based company specializing in strategic acquisitions and operational management of industrial and commercial assets.

Major companies operating in the boat building and repairing market report include Polaris Industries Inc., Fincantieri Società per Azioni, Brunswick Corporation, Bombardier Recreational Products Inc., Daewoo Shipbuilding and Marine Engineering Co Ltd, Groupe Beneteau SA, Azimut Benetti SpA, Malibu Boats Inc., Hinckley Yachts, Chaparral Boats Inc., MasterCraft Boat Holdings Inc., Marine Products Corporation of America, Sunseeker International Limited, Fountain Powerboats Inc., Bavaria Yachtbau GmbH, Ocean Alexander Yachts, Marlow Yachts, Palmer Johnson Yachts, Nautic Global Inc., Ferretti SpA.

Asia-Pacific was the largest region in the boat building and repairing market in 2025. North America was the second-largest region in the boat building and repairing market. The regions covered in the boat building and 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 building and repairing market report include China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The boatbuilding and repairing market include revenues earned by entities by constructing hulls of boats and, for sailboats, the masts, spars and rigging. 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.

This product will be delivered within 1-3 business days.