Australian Boating Industry Poised for $20 Billion Expenditure by 2030

BIA CEO Andrew Fielding emphasized Australia's favorable conditions for boating and the industry's production of world-class boats and marine products. However, he highlighted that demand for skilled workers remains a critical challenge that needs to be addressed to sustain growth.

The statement projects that by 2030, more than 2.9 million Australians will hold a boating license, with over one million registered boats on the water. This growth reflects the increasing popularity and accessibility of boating across the nation.

The family runabout remains the nation's favorite boat, most often under 7 meters in length. Personal watercraft (PWC) have seen a 28% increase in registrations over five years, indicating a growing interest in diverse boating experiences. Paddlecraft, sailing dinghies, and hire-and-drive boats are also gaining popularity, showcasing the sector's adaptability to changing consumer preferences.

Fishing continues to dominate boating activities, with almost half of respondents in the National Recreational Boating Survey 2024 identifying it as their primary reason for getting afloat. Beyond fishing, cruising, exploring, and family time are consistently high on the list of boating activities.

Economically, the boating industry contributes over $10 billion in direct annual turnover, supporting more than 2,000 businesses and 35,000 employees. When considering unregistered craft and informal boating, the public's total spend is closer to $15 billion a year. The industry spans various sectors, including boatbuilding, yard services, marinas, retail, tourism, and professional trades, with expenditure per boater averaging around $14,000 annually.

Beyond its economic contributions, boating offers significant social benefits. Research indicates clear links between recreational boating and improved mental health, physical activity, and community connection. Over 90% of surveyed boaters believe that boating has a positive impact on their wellbeing.

Despite its strengths, the industry faces challenges, including skills shortages, aging infrastructure, sustainability concerns, and the need for greater government recognition. Addressing these issues is crucial to ensure the continued growth and success of Australia's boating industry.

As the industry looks towards 2030, the BIA's statement serves as a call to action for stakeholders to collaborate and invest in the future of boating in Australia, ensuring it remains a vibrant and integral part of the nation's economy and lifestyle.