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Boat Dealership and Repair in the US - Industry Market Research Report

  • March 2017
  • 30 pages
  • Ibisworld
Report ID: 198893

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All aboard: Higher disposable incomes will keep industry demand afloat

Abstract
Boat Dealership and Repair in the US
Over the five years to 2017, revenue for the Boat Dealership and Repair industry is anticipated to trend higher. Prior to the five-year period, consumers opted to delay discretionary purchases, such as new boats, as unemployment levels were high and disposable income levels were weak. Difficulty in obtaining credit further strained already weak consumer demand for new boats.

However, as disposable income and consumer spending reversed course, industry revenue has rebounded considerably. Industry profit is expected to remain decrease slightly in the five years to 2022. As operators within the highly fragmented industry compete for contracts with manufacturers and for a share of the money-conscious consumer market, many companies will be forced to keep prices low to stay afloat.

This industry sells new and used recreational boats like canoes, sailboats and motorboats (except personal watercraft), boat parts and accessories.

This industry also provides repair and maintenance services; boat repairers may be employed by a boat dealer or operate as an independent shop.

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.

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