Unlocking Opportunities in the Boat Building Market: 2025-2034 Forecast Report

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Boat Building Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for boat building has seen substantial growth. The market, which is projected to escalate from $37.84 billion in 2024 to $40.62 billion in 2025, will have a compound annual growth rate (CAGR) of 7.4%. The significant growth during the historic period is associated with factors such as population increase, a surge in demand for recreational boats, low-interest rates, and robust economic expansion in emerging markets.

How Will the Boat Building Market Size Evolve and Grow by 2029?
In the coming years, the boat building market is projected to experience significant growth, expanding to a value of $51.55 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.1%. Technological innovation, swift urbanisation, and increased maritime industry investment are driving the predicted growth within this timeframe. The forecast period is set to be characterized by predominant trends such as autonomous boats, the use of 3D printing and robotics, and the implementation of cutting-edge composite materials in the boat building process.

View the full report here:
https://www.thebusinessresearchcompany.com/report/boat-building-global-market-report

What Drivers Are Propelling the Growth of Boat Building Market Forward?
The rise in popularity of boating for recreation is expected to stimulate the growth of the boat manufacturing industry. Globally, recreational boating serves as a favourite pastime. Numerous individuals engage in activities related to recreational boating, including water skiing, fishing, and travel. The National Marine Manufacturers Association, a U.S-based organization, reported in January 2023 that the recreational boating industry in the U.S. has a worth of $170 billion. The same association accounts for 85% of manufacturers that produce recreational boats, marine engines, and related accessories in the U.S. As such, the increase in recreational boating activities is expected to influence the demand in the boat construction industry positively.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3479&type=smp

Which Emerging Trends Are Transforming the Boat Building Market in 2025?
The boat-making market is witnessing a surge in the production of autonomous boats. Leading enterprises are creating state-of-the-art autonomous boats to stay competitive in the industry. For example, Torghatten ASA, a Norway-based shipping firm, collaborated with Zeabuz, a technology firm from the same nation, to release the first ever emission-free autonomous ferry, MF Estelle, in June 2023. This effort aims to enrich the experiences of its 70 million commuters using revolutionary autonomous technology, simultaneously setting new standards for eco-friendly maritime transport. In a similar endeavor, DNV, Hyundai Heavy Industries (HHI), Avikus, and Liberian International Ship & Corporate Registry (LISCR) agreed upon a memorandum of understanding (MOU) in September 2022 to build autonomous ship technology. As per this multilateral MoU, these parties will conduct a shared study on autonomous ship navigation systems, which will guide the industry and flag states in implementing this technology.

What Are the Key Segments in the Boat Building Market?
The boat building market covered in this report is segmented -

1) By Type: Recreational Boats, Commercial Boats, Military Boats
2) By Propulsion: Motor Boats, Sail Boats
3) By Application: Private Use, Commercial Use, Military Use

Subsegments:
1) By Recreational Boats: Yachts, Sailboats, Motorboats, Personal Watercraft (Jet Skis)
2) By Commercial Boats: Ferries, Cargo Ships, Fishing Vessels, Offshore Support Vessels (OSVs)
3) By Military Boats: Patrol Boats, Naval Vessels, Submarines, Amphibious Assault Ships

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3479&type=smp

Who Are the Key Players Shaping the Boat Building Market's Competitive Landscape?
Major companies operating in the boat building market include Brunswick Boat Group, Groupe Beneteau, Azimut-Benetti Group, Ferretti S.P.A., Correct Craft, Malibu Boats Inc., Mastercraft Boat Holdings, Marine Products Corporation, Smoker Craft Boats, Hyundai Heavy Industries, Mitsubishi Heavy Industries, DSME, Samsung Heavy Industries, Tsuneishi Holdings, Cochin Shipyard Limited, Hindustan Shipyard Limited, General Dynamics, Jiangyin Xinjiang Fiberglass Reinforced Plastics Co. Ltd., Wendeng Minghui Industry Co. Ltd., YaGuang Technology Group Company Limited, Qingdao Haoyun Boats Co. Ltd., Mahindra & Mahindra, SHM, Mazagon Dock Shipbuilders Ltd., Laxmipati Engineering Works Ltd., Garden Reach Shipbuilders & Engineers Ltd., Kawasaki Heavy Industries Ltd., Sumidagawa Shipyard Co. Ltd., Yamato Motor Co. Ltd., Yamaha Amakusa Works Co. Ltd., Naval Yards Kiel GmbH, Lloyd Werft Bremerhaven, Neptune Werft GmbH, Schiffswerft Hermann Barthel GmbH, Meyer Werft, STX, PIRIOU, SOCARENAM, CMN: Chantiers naval de Normandie, CNM: Chantiers Navals de Marseille, Naval Group, A&P Group Tyne Shipyard, Cammell Laird, Parkol Marine Engineering, Yarrow Shipbuilders, Ribcraft, Cockwills, Williams Performance Jet Tenders, Shetlands Boats, Sibriver, Boatyard Varyag, Galeon, Parker Poland, Delphia, Sunreef Yachts, OneWater, Brunswick International Limited, Pelican International Inc., Campion Marine Inc., Neptunus Yachts International Inc, Bombardier Recreational Product Inc., Astilleros Tarrab, BB Barcos, Conserva Bonan, Montoya Gil Diana Carolina, Al-Suwaidi Marine LLC., Marina Factory LLC, Riviera Boat Industrial Investment Company LLC, The Boat House LLC, Al Fajer Marine LLC, Robertson & Caine, Xquisite Yachts, Tuwasco Marine Services, Southern Wind, Voyage Yachts

What Geographic Markets Are Powering Growth in the Boat Building Market?
North America was the largest region in the boat building market in 2024. Asia-Pacific was the second largest market in the global boat building market share. The regions covered in the boat building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3479

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.