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Boatbuilding and Repair Services in New Zealand Industry Data and Analysis
Over the past five years, New Zealand’s Boatbuilding and Repair Services industry has experienced a modest expansion. Growth in domestic marine tourism and ongoing demand for vessel maintenance and repairs have supported a recovery from pandemic-related disruptions. Industry revenue is set to climb at an annualised 1.6% over the five years through 2025-26 to reach $792.2 million. Revenue growth is anticipated to slow sharply in 2025-26, rising just 0.1%. This near-flat growth reflects the immediate impact of economic pressures like inflation and high interest rates, which are causing many consumers and businesses to delay vessel purchases and repairs. These factors have dampened discretionary spending over recent years, resulting in subdued demand across both recreational and commercial segments.
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What's included in this industry analysis
IBISWorld's research coverage on the Boatbuilding and Repair Services industry in New Zealand includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Boatbuilding and Repair Services industry in New Zealand operates under the ANZSIC industry code C2392NZ. The Boatbuilding and Repair Services industry comprises establishments engaged in the construction of new watercraft, including fibreglass, aluminium and wooden vessels, alongside ongoing maintenance, restoration, refitting and repair services like hull fabrication, engine servicing, painting, rigging and marine equipment installation. Related terms covered in the Boatbuilding and Repair Services industry in New Zealand include hull, refit, fibreglass, slipway, marina services and antifouling.
What's included in this industry?
Products and services covered in Boatbuilding and Repair Services industry in New Zealand include Repair and maintenance services, Small vessels and Medium vessels.
What companies are included in this industry?
The Boatbuilding and Repair Services industry in New Zealand is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Boatbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Boatbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Boatbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Boatbuilding and Repair Services industry in New Zealand. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Boatbuilding and Repair Services industry in New Zealand. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Boatbuilding and Repair Services industry in New Zealand. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Boatbuilding and Repair Services industry in New Zealand. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Boatbuilding and Repair Services industry in New Zealand.
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Frequently Asked Questions
What is the market size of the Boatbuilding and Repair Services industry in New Zealand in 2026?
The market size of the Boatbuilding and Repair Services industry in New Zealand is $792.2m in 2026.
How many businesses are there in the Boatbuilding and Repair Services industry in New Zealand in 2025?
There are 486 businesses in the Boatbuilding and Repair Services industry in New Zealand, which has declined at a CAGR of 2.3 % between 2020 and 2025.
How may import tariffs affect the Boatbuilding and Repair Services industry in New Zealand?
The Boatbuilding and Repair Services industry in New Zealand is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Boatbuilding and Repair Services industry in New Zealand?
The Boatbuilding and Repair Services industry in New Zealand is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Boatbuilding and Repair Services industry in New Zealand grown or declined over the past 5 years?
The market size of the Boatbuilding and Repair Services industry in New Zealand has been growing at a CAGR of 1.6 % between 2020 and 2025.
What is the forecast growth of the Boatbuilding and Repair Services industry in New Zealand over the next 5 years?
Over the next five years, the Boatbuilding and Repair Services industry in New Zealand is expected to grow.
What does the Boatbuilding and Repair Services industry in New Zealand include?
Repair and Maintenance Services and Small Vessels are part of the Boatbuilding and Repair Services industry in New Zealand.
How competitive is the Boatbuilding and Repair Services industry in New Zealand?
The level of competition is moderate and steady in the Boatbuilding and Repair Services industry in New Zealand.
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