5.6.8.5Vertical

Vessel Repair & Refit Services

Marine yards and service companies performing maintenance, repair, overhaul, and refit of recreational and commercial vessels.

3
Sub-verticals

Market snapshot

These figures describe Marine & Boat Manufacturing (5.6.8), the segment that Vessel Repair & Refit Services sits within — not Vessel Repair & Refit Services on its own.

Market size
~$17B
Growth
~10.5%CAGR (2017–22, nominal)
Companies
~900
FragmentationConsolidatingEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 336612 (boat building); commercial shipbuilding (336611) is tracked under Aerospace & Defense (Naval). 2022 reflects the boating boom.

Business model & economics

Revenue model

Boat sales through dealers plus parts and engines

Key economics

Recurring revenue
Low–Moderate

parts, engines, and service

EBITDA margin
Cyclical, discretionary economics
Capex intensity
Moderate

Characteristics

  • Led by recreational-marine majors plus custom builders.
  • Discretionary and cyclical; pandemic boating boom.
  • Electrification and connected-boat tech emerging.

Geographic concentration

AlabamaAlaskaArizonaColoradoGeorgiaIndianaKansasMassachusettsMinnesotaNew JerseyNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandFloridaMaineNorth CarolinaWashington

Marine and boat manufacturing clusters on the coasts and boating regions — Maine, Washington, Florida, and North Carolina — where building, rigging, and demand concentrate.

MaineWashingtonFloridaNorth Carolina

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 336612. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Recreational-marine strategics
  • PE-backed marine platforms
  • Specialty & custom-builder consolidators

What’s driving deals

  • Consolidation around scaled marine platforms.
  • Outdoor-recreation and boating demand.
  • Marine electrification and technology.

Sub-verticals in this vertical

Find Vessel Repair & Refit Services acquisition targets

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