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    Boat Building Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/5/2021
    SIC Codes: 3732
    NAICS Codes: 336612
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Boat Building Industry Profile

    Companies in this industry manufacture boats intended primarily for consumers' personal use, including inboard and outboard motor boats, sailboats, rowboats, yachts, and rubber and plastic inflatable boats. Major US companies include Brunswick, Malibu Boats, Marine Products, MasterCraft Boat Holdings, and Viking Yacht.

    The US boat building industry includes about 860 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.

    Construction of commercial and military vessels is covered in the Shipbuilding & Repairing industry profile.

    COMPETITIVE LANDSCAPE

    Demand from end users depends on consumer income. The profitability of individual companies is linked to manufacturing efficiencies. Large companies have advantages in marketing and distribution. Small companies can compete by specializing in niche markets. The US industry is concentrated: the largest 50 companies generate about 70% of revenue.

    PRODUCTS, OPERATIONS & TECHNOLOGY

    Major product segments of boat building companies are outboard motorboats; inboard motorboats; and inboard-outboard boats. Other product types include sailboats and canoes. Some boat builders also do repair work, operate marinas, and sell auxiliary equipment and supplies on premises.

    Boat building facilities vary from a few thousand to more than 100,000 square feet, and outside storage areas may extend to several acres. Most manufacturing locations for larger boats are on navigable waterways, as the finished product can't easily be shipped over land. Other boat manufacturers locate as close to primary markets as possible to minimize the cost of transportation by road or rail.

    Manufacturing ...

     
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