Steel is one of the most popular materials used for boats and has consistently been the material of choice for the past century. its high strength, durability, resistance to abrasion, and relatively low cost are some of the main reasons why steel is widely used in the industry.. It is used in shipbuilding too, typically for minesweepers that need non-magnetic hulls. osmotic problems from which early-generation boats suffered are now a thing of the past with modern epoxy compounds. in the 21 st century, volume grp boat production follows a full industrial production process.. The sailboat is a form of transportation, a type of recreation ranging from simple craft to the most elaborate racing yacht, and even a form of housing. a huge yacht with custom fittings and a crew is a symbol of wealth. a one-person boat with a tiny sail represents freedom..