5.6.8.2Vertical

Marine Components & Systems

Manufacturers of marine electronics, navigation equipment, deck hardware, and marine safety equipment.

4
Sub-verticals

Market snapshot

These figures describe Marine & Boat Manufacturing (5.6.8), the segment that Marine Components & Systems sits within. They are not figures for Marine Components & Systems on its own.

Market size
~$17B
Growth
~10.5%CAGR (2017–22, nominal)
Companies
~845 firms
Firms by employee count

70.7% of firms have fewer than 20 employees: 597 micro-businesses, below most mandates.

The investable universe248 firms with 20+ employees
20–99
14659%
100–499
7831%
500+
2410%

The fastest growth here and the clearest cyclical peak: recreational boating demand pulled forward hard through the pandemic, dealer inventories emptied, and builders ran flat out. That has fully reversed. Treat 2022 revenue as a cycle high, not a base.

NAICS 336612. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Business model & economics

Revenue model

Boat sales through dealers plus parts and engines

Key economics

Revenue per firm
$19,917,503
Revenue per employee
$341,074
Employees per firm
56.9
Recurring revenue
Low–Moderate

parts, engines, and service

EBITDA margin
Cyclical, discretionary economics
Capex intensity
Moderate

Characteristics

  • Scale-driven: payroll is only 16% of revenue, so the cost base is assets, not headcount
  • Thin strategic-buyer pool: only 24 firms exceed 500 employees, so exits skew sponsor-to-sponsor
  • Led by recreational-marine majors plus custom builders.
  • Discretionary and cyclical; pandemic boating boom.
  • Electrification and connected-boat tech emerging.

NAICS 336612. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Geographic concentration

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

Maine is nearly fourteen times more concentrated in boat building than the country as a whole, a craft tradition that survived industrialization. Florida and the Carolinas serve the recreational market and Washington the working-vessel one.

MaineWashingtonFloridaNorth Carolina

U.S. Census Bureau, 2022 Statistics of U.S. Businesses (firms 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 Marine Components & Systems acquisition targets

Search Acquisera’s index for companies classified under Marine Components & Systems (5.6.8.2) and build a targeted deal pipeline.

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