The market is dominated by domestic suppliers, as imports account for 1.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 64.7% of total demand in 2023. The US has the largest market size for ships and boats across the top 20 developed countries, with demand reaching USD112 billion in 2023. Huntington Ingalls Industries Inc is the largest company in the US, generating 15.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 36.8% of total production value in 2023. The total number of companies increases in 2023, to 3,718 units. The costs of the industry increase by 4.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.1% of production value in 2023, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 4.4% of total production output. With production value of USD73.2 billion, the US accounts for 97.3% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Ships and Boats in the US: ISIC 351. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Ships and Boats in the US: ISIC 351 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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