Recreational Boat & Yacht Building in the UK - Industry Market Research Report

International waters: Strong orders at international boat shows drive export revenue

The Recreational Boat and Yacht Building industry has registered a mixed performance due to pandemic-related disruptions. The most important market for the industry is high-net-worth individuals, both domestic and international. The weak pound in 2018-19 caused foreign clients to bring forward purchases, bolstering order books. In 2020-21, the COVID-19 outbreak deiminated revenue as production was stopped and orders dried up because of lockdowns. Revenue is projected to fall at a compound annual rate of 0.4% to £1.2 billion over the five years through 2023-24, including growth of 2.3% in 2023-24. Firms in the Recreational Boat and Yacht Building industry manufacture recreational boats and yachts for domestic and export markets. Industry products range from luxurious super yachts to inflatable boats and canoes. 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.