Ship and Boat Building – 2024 U.S. Market Research Report

Publish Date: May 2024

This 63-page market research report provides a comprehensive analysis on the $43.8 billion ship and boat building industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the ship and boat building industry.

This report has the in-depth industry insights you are looking for as it covers sales & expense trends, detailed breakdown on 26 expenses, financial ratio benchmarks, 100+ forecasts, inventory trends & analysis, 31 balance sheet benchmarks, numerous industry segmentations, competitive intensity analysis, material costs benchmarks, profitability analysis, state statistics, plant utilization, organizational breakdown, inflation statistics, compensation analysis, employee productivity benchmarks, and numerous other data sets.

Ship and Boat Building Report


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Report Format


The 2024 U.S. Ship and Boat Building Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. Professionals leverage this report to develop a deep factual understanding of the market for business planning, forecasting, OPEX benchmarking, industry analysis, growth initiatives, financial analysis, plant capacity planning, market analysis, business valuations, organizational benchmarking, sales & marketing analysis, productivity benchmarking, identifying operational efficiencies, wage and pay analysis, and more.

Below are a few page images from the report and check out the table of contents for a complete overview.

ship and boat building market size chart

Operating expense chart for ship and boat building

Ship and Boat Building Profit

ship and boat building BCG Matrix

Ship and Boat Building Factory Capacity Utilization Trend

Ship and Boat Building Organizational Breakdown Chart


Industry Definition


This industry group includes companies primarily engaged in operating shipyards or boat yards (i.e., ship or boat manufacturing facilities). Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. Boats are defined as watercraft typically suitable or intended for personal use. Activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.

NAICS Code: 3366

Total # of Companies: 1,337

Total # of Factories / Facilities: 1,479

Industry Employees: 137,760

Market Size: $43.8 billion

Product Lines Covered


Ship building and repairing
Boat building

Table of Contents


Review the table of contents of the Ship and Boat Building Industry Report to appreciate why thousands of professionals, bankers, consultants, accountants, and other executives rely on Kentley Insights for data-rich industry insights.


1-2 – Report Overview & Table of Contents

3 – Industry Overview
– Methodology
– Industry Definition & Examples

4 – Industry Snapshot – Revenue & Growth

5 – Industry Snapshot – Costs & Profitability

SECTION ONE
REVENUE & GROWTH BENCHMARKS

7 – Industry Growth Details
– Industry Revenues
– Companies
– Facilities
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

8 – Growth Benchmarks
– Revenues per Company
– Revenues per Facility
– Facilities per Company
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

9 – Breakdown of Product Lines
– Percentage of Revenue from Product Lines

10 – BCG Matrix – Net Income vs. Revenue Growth
– Manufacturing Subsectors vs. Industry

11 – Total Industry Revenue by Month & Year
– Revenue per Month for 2019-2023

12 – Inventory Value by Month & Year
– Inventory Value per Month for 2019-2023

13 – Months of Inventory
– Months of Inventory per Month for 2019-2023

14 – Industry Revenue by Segments
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships

15 – Industry Market Size by State
– Industry Revenue by State and Rankings

16 – Revenue as a % of State GDP
– Sales as a Percentage and State Rankings

17 – Industry Revenue as a % of State Manufacturing
– Sales as a % of Income and State Rankings

18 – Industry Segmentation by Business Size
– Sales as a % of Income and State Rankings

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies
– Market Share & Total Revenue for 2017 versus 2022

22 – Subsector Market Share of Top 50 Companies
– Market Share & Total Revenue for 2017 versus 2022

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Sales per Company by State
– Sales per Company and State Rankings

25 – Sales per Company by Segments
– Concentration, Business Size, & Business Structure

26 – Sales per Facility by State
– Sales per Facility & State Ranking

27 – Sales per Facility by Segment
– Concentration, Business Size, & Business Structure

28 – Manufacturing Subsector Growth
– Sales and 5-Year CAGR

29 – Manufacturing Subsector Statistics
– Sales per Company & Facility, and 5-Year CAGR

30 – Consolidation Analysis
– 5-year CAGR of Companies & Locations

31 – Employment Consolidation Analysis
– 5-year CAGR of Employee Statistics

32 – Manufacturing Subsector Consolidation Analysis
– Number of Companies
– Number of Facilities
– 5-Year CAGR

33 – Manufacturing Subsector Consolidation Analysis
– Facilities per Company
– Employees per Company
– 5-Year CAGR

SECTION TWO
COST, CAPITAL & PROFIT BENCHMARKS

35 – Profitability & Financial Ratio Analysis
– Percent of Companies that are Profitable
– Average Net Income as a Percent of Revenue
– Financial Ratios – 10 ratios, Total Asset Turnover, Fixed Asset Turnover, Fixed Assets to Total Assets Ratio, Total Assets to Total Liabilities Ratio, Return on Sales, Return on Total Assets, Return on Net Worth, Total Liabilities to Net Worth Ratio, Fixed Assets to Net Worth Ratio, Solvency Ratio

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– Current & Non-Current Assets: Cash, Notes & Accounts Receivable, Allowance for Bad Debts, Inventories, Treasuries & Securities, Other Current Assets, Loans to Shareholders / Mortgage, Other Investments, Depreciable Assets, Accumulated Depreciation, Land, Intangible Assets (Amortizable), Accumulated Amortization, Other Assets
– Short-term, Long-term Liabilities, & Net Worth: Accounts Payable, Mortgages, Notes, Bonds due in less than 1 Yr., Other Current Liabilities, Loans from Shareholders, Mortgages, Notes, Bonds > 1 Yr., Other Liabilities, Capital Stock, Additional Paid-in Capital, Retained Earnings, Cost of Treasury Stock

37 – Operating Expenses
– Industry Operating Expenses
– Industry Revenue vs. Operating Expense Growth
– Operating Expense as a Percent of Revenue
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

38 – Operating Expenses by Company & Facility
– Operating Expenses per Company
– Operating Expenses per Facility
– Revenue vs. Expenses Growth per Facility
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

Page 39 – Operating Expense Detail
– Employee Expenses: Annual Payroll, Health insurance, Defined benefit pension plans, Defined contribution plans, Other fringe benefits, Temporary staff
– Cost of Materials: Cost of materials, parts, containers, packaging, etc., Cost of resale, Cost of electricity and fuels, Cost of contract work
– Buildings and Equipment: Capex for machinery and equipment, Rental or lease for machinery and equipment, Capex for buildings and structures, Rental or lease for buildings and structures, Repair and maintenance of buildings and machinery
– Other Operating Expenses: Professional and technical services, IT software and hardware, Data processing and communications, Advertising, Refuse removal, Taxes and license fees, All other operating expenses
-Inventory Breakdown: Inventory (as a % of total receipts), Finished goods inventory, Work-in-progress inventory, Materials and supplies inventory

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– Annual PPI – Indexed to 2006
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2019-2022 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

45 – Employee Productivity by Segments
– Concentration, Business Size, & Business Structure

46 – Employee Productivity by State
– Revenue per Employee and State Rankings

47 – Manufacturing Subsector Sales & Payroll per Employee
– Absolute & 5-year CAGR

48 – Industry Payroll
– Payroll per Employee
– Payroll per Company
– Payroll per Facility
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

49 – Payroll per Company by Segments
– Concentration, Business Size, & Business Structure

50 – Payroll per Facility by Segments
– Concentration, Business Size, & Business Structure

51 – Payroll per Employee by Segments
– Concentration, Business Size, & Business Structure

52 – Payroll per Employee by State
– Payroll per Employee and State Rankings

53 – Workforce Composition
– % of Employees for 27 Job Categories
– Management & Finance
– Sales & Marketing
– Technology, Engineering, Science
– Service, Support & Training
– Operations

54 – Job Categorization Pay Ranges
– Management & Finance
– Sales, Service & Marketing
– Operations
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown
– Percent of Total Employees

56 – Top 20 Jobs Pay
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

57 – Employees per Company by Segments
– Concentration, Business Size, & Business Structure

58 – Employees per Facility by Segments
– Concentration, Business Size, & Business Structure

59 – Facilities per Company by Segments
– Concentration, Business Size, & Business Structure

60 – Total Employment by State
– Number of Employees and State Rankings

61 – Population to Every Employee by State
– Number of Residents to Industry Employee
– State Rankings

62 – Employees per Facility by State
– Average Number of Employees per Facility
– State Rankings

63 – Overview of Kentley Insights


Methodology & Data Sources


The sources for the report data include federal and private surveys completed by the majority of companies in the industry covering extensive financial and operational topics for the ship and boat building industry. Our analysts develop the forecasts utilizing econometric models based on historical statistical analysis, industry trends and dynamics, macroeconomic analysis & forecasts.

Sample Report Download


Click on the image to download a full sample report. The 2024 Ship and Boat Building Industry Report has the same layout and data sets as the sample report.

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Report Details


Report: Ship and Boat Building Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

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Industry Jobs Analyzed


Miscellaneous Assemblers and Fabricators
Welding, Soldering, and Brazing Workers
Pipelayers, Plumbers, Pipefitters, and Steamfitters
First-Line Supervisors of Production and Operating Workers
Structural Metal Fabricators and Fitters
Electricians
Painting Workers
Miscellaneous Installation, Maintenance, and Repair Workers
Machinists
Carpenters
Production, Planning, and Expediting Clerks
Miscellaneous Metal Workers and Plastic Workers
Laborers and Material Movers, Hand
Inspectors, Testers, Sorters, Samplers, and Weighers
First-Line Supervisors of Construction Trades and Extraction Workers
Miscellaneous Production Workers
Sheet Metal Workers
Drafters
Stock Clerks and Order Fillers
Maintenance and Repair Workers, General

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Cost of all other materials and components, parts, containers, and supplies consumed
Gas engines (excluding aircraft, automobile, and marine); diesel, semidiesel; and piston-type natural gas engines, and parts
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Nautical and navigation equipment
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Hardware (builder’s, vehicle, furniture, luggage, etc.), excluding aircraft metal hardware
Aluminum and aluminum-base alloy sheet, plate, foil (including packaging products), and welded tubing
Electric motors, generators, and parts
Mechanical speed changers, gears, and industrial high-speed drives
Thermoplastic and thermosetting resins and plastics materials
Construction machinery and parts (including shipwinches, cranes, derricks, and capstans)
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Fluid power hose, tube fittings, valves and assemblies (hydraulic and pneumatic)
Textile bags and canvas
Glass and glass products
Misc. aluminum-base alloy shapes and forms, including powder
Motor vehicle electrical and electronic equipment
Fluid power pumps, motors, and hydrostatic transmissions (hydraulic and penumatic), including parts

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