Australian Boating Industry Maintains $10.2 Billion Turnover

According to the report, there are now over 900,000 registered boats across the nation, with personal watercraft (PWC) emerging as the fastest-growing segment, accounting for 10% of registered vessels. Over the past five years, the number of registered PWCs has increased by nearly 30%, reflecting a growing interest in this category.

Other notable trends include a 19% increase in boats measuring 6 to 8 meters in length and a 9% rise in vessels exceeding 10 meters. Conversely, the number of registered boats under 4 meters has declined by 6%, indicating a shift in consumer preferences towards larger vessels.

The industry currently employs 24,500 individuals directly, with an additional 10,000 in contractor roles, supporting over 2,000 businesses nationwide. Furthermore, more than 1,200 individuals are engaged in formal training roles, ensuring a steady pipeline of skilled workers for the future.

Andrew Fielding, CEO of the BIA, highlighted the industry's significant contribution to local economies, particularly in regional areas. He noted that 75% of boating businesses are small, family-owned enterprises that play a crucial role in their communities by providing employment and supporting local economies.

The comprehensive nature of the boating industry encompasses a wide range of professions and services, including designers, manufacturers, importers, brokers, insurers, retailers, charter operators, yacht and boat clubs, marinas, tourism operators, surveyors, and various trades such as boat builders and riggers. This diversity reflects the industry's broad impact on the Australian economy and its integral role in the nation's recreational and commercial activities.