Revenue is forecast to grow at a compound annual rate of 0.4% over the five years through 2023-24 to £1.5 billion. Strong competition from alternative means of transport has squashed significant increases in demand for boat and repair and maintenance services, while the pandemic caused significant decreases in asset utilisation rates in 2020-21, reducing overall growth for the period. This industry provides ship and boat repair and maintenance services including dry-dock services or in-water repair, spare part supplying and cleaning. Engine overhaul and the complete refitting of ships and boats do not fall under this industry. 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.Moored up: In 2023-24 inflationary pressures are causing consumers to reduce spending, constraining revenue growth
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BAE Systems plc
- Babcock International Group plc
Methodology
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