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U.S. Boat Market. Analysis And Forecast to 2030

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Article Publishing Date: Apr 5, 2024

Imports of Watercraft Increase by 14% to $2.9 Billion in the United States for the Year 2023

U.S. Boat Imports

In 2023, supplies from abroad of boats decreased by -9.2% to 340K units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Imports peaked at 633K units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, boat imports rose remarkably to $2.9B (IndexBox estimates) in 2023. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term. U.S. Boat Imports By Country (Million USD)

COUNTRY	Import Value of Boat in U.S. (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Italy	271	249	404	358	335	295	360	392	437	570	683
France	85.1	118	161	193	184	184	177	150	230	254	312
United Kingdom	80.7	132	144	157	182	176	189	160	236	219	261
Taiwan (Chinese)	110	104	173	161	174	122	197	234	174	285	214
Poland	3.0	3.9	4.8	23.4	38.0	45.3	85.1	67.6	102	133	186
Canada	107	80.8	116	129	127	126	126	140	186	152	173
Mexico	44.0	44.6	50.4	64.6	80.0	92.0	98.6	93.1	138	207	164
Australia	28.6	40.9	59.5	56.1	60.7	59.2	66.9	88.4	184	88.9	128
Finland	13.5	3.1	15.5	13.3	10.4	15.7	22.2	28.1	45.5	70.5	103
Netherlands	14.6	34.6	76.2	26.3	71.5	69.4	16.9	68.5	60.6	57.8	94.0
South Africa	15.9	19.6	32.1	23.6	30.1	29.4	46.4	50.0	77.1	74.5	93.8
China	51.4	38.2	91.0	75.5	77.9	84.9	33.7	53.3	64.4	83.8	87.0
Turkey	11.8	11.0	3.9	13.9	24.4	7.6	13.9	30.4	33.9	43.1	81.1
Others	86.7	75.4	255	129	149	174	131	145	189	261	284
Total	922	956	1,586	1,423	1,543	1,481	1,564	1,700	2,158	2,501	2,863

Imports by Country

In 2023, Canada (246K units) constituted the largest supplier of boat to the United States, with a 72% share of total imports. Moreover, boat imports from Canada exceeded the figures recorded by the second-largest supplier, China (41K units), sixfold. The third position in this ranking was held by Mexico (27K units), with an 8.1% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from Canada amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Mexico (+21.6% per year).

In value terms, Italy ($683M) constituted the largest supplier of boats to the United States, comprising 24% of total imports. The second position in the ranking was taken by France ($312M), with an 11% share of total imports. It was followed by the UK, with a 9.1% share.

From 2013 to 2023, the average annual growth rate of value from Italy amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.9% per year) and the UK (+12.4% per year).

Import Prices by Country

In 2023, the boat price amounted to $8,418 per unit (CIF, US), jumping by 26% against the previous year. Overall, the import price posted buoyant growth. The growth pace was the most rapid in 2022 an increase of 96% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($5,967 per unit), while the price for Thailand ($655 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the boat market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

NAICS 336612 - Boat building

Companies mentioned:

Mercury Marine Group
Rec Boat Holdings
Tracker Marine
Marine Products Corporation
Sea Ray Boats
Regal Marine Industries
Cobalt Boats
Boston Whaler
Premier Marine
Lowe Boats
Fishing Holdings
Dometic Corporation
Viking Yacht Company
Delta Marine Industries
Chris Craft Corporation
KCS International
Dakota Creek Industries
Leisure Properties
Christensen Shipyards
Palmer Johnson Yachts
Chaparral Boats
Malibu Boats
The Talaria Company
Kawasaki Motors Manufacturing Corp.
Smoker Craft
Brp US Inc.
McBc Holdings
Beneteau
J&D Acquisitions

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Boat Market. Analysis And Forecast to 2030

Imports of Watercraft Increase by 14% to $2.9 Billion in the United States for the Year 2023

U.S. Boat Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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