sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Recreational Boating is US$121 Billion Economic Driver for US
Recreational Boating is US$121 Billion Economic Driver for US


'Focusing on fun and family time is key to promoting boating.'    MIAA    Click Here to view large photo

The National Marine Manufacturers Association (NMMA) has announced that recreational boating in the US has an annual economic value of US$121 billion. The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates US$40 billion in annual labor income and drives US$83 billion in annual spending.

The NMMA, on behalf of the U.S. boating industry, released these findings today as part of its annual U.S. Recreational Boating Statistical Abstract, a collection of data and analysis on the state of the U.S. recreational boating industry.

Additional data highlights include:
New Boat Sales
• Retail sales of new power and sailboats increased 10.7 percent in 2012 to 163,245, demonstrating a post-recession recovery for the industry.
o New powerboat sales increased 10 percent to 157,300 in 2012.
o New sailboat sales increased 29.2 percent to 5,945 in 2012.
Trends
• Small fiberglass and aluminum outboard boats 26 feet or less in size, continued their upward climb with an 11.3 percent increase in the number of new boats sold. Outboard boats are the most popular type of new powerboat sold, making up approximately 82 percent of the market.
• Ski and wakeboard boats are seeing healthy growth with an increase of 13.4 percent new boats sold in 2012.
• Jet boats, which are small fiberglass boats less than 26 feet in length, are a growing category. Of the 157,300 new powerboats sold in 2012, 4,500 were jet boats. New jet boat sales increased 36.4% in 2012.

What’s Ahead

Sales of new powerboats have remained steady during the first half of 2013 and continued growth is expected with the summer boating season. NMMA anticipates sales of new powerboats to grow five percent in 2013.

'Summer is a peak selling season for recreational boats, accessories and services throughout the U.S. as people look for ways to disconnect from the daily grind and enjoy fun times on the water, ' said Thom Dammrich, NMMA president.

'New boat sales have historically been a barometer for the U.S. economy and the steady sales increases we’re seeing is being reinforced by the slow uptick in consumer confidence, housing and spending. As economic growth continues, we anticipate sustained steady growth through the remainder of 2013.'

Boating Participation

Of the estimated 232.3 million adults in the U.S. in 2012, 37.8 percent, or 88 million, participated in recreational boating at least once during the year. This is a six percent increase from 2011 and the largest number of U.S. adults participating in boating since NMMA began collecting the data in 1990. Recreational boating participation has steadily increased since 2006.

Helping People Discover Boating

Growing participation is a priority for the recreational boating industry as it drives new boat sales. Boat manufacturers, dealers, marinas, and other marine organizations joined together to form Discover Boating, a consumer program to grow participation and create a positive boating experience. The North American effort provides resources to help those interested in boating get started and promotes the fun of the boating lifestyle through a national marketing campaign.

More at NMMA.org.


by NMMA

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=110697

7:23 PM Tue 18 Jun 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World



























A complete recap of the most successful Melges 20 World Championship by International Audi Melges 20 Class Association,




ISAF Santander - Upwards path for Austrian women's 470 crew + video by Luissa Smith, International 470 Class Association,


























2014 Rolex Big Boat Series - Farr 40 Day 4 by William Wagner, San Francisco










Extreme Sailing Series - Istanbul delivers four days of great racing
Extreme Sailing Series: Emirates Team NZ bounces back for series win
Santander 2014 ISAF Worlds - Light winds and current test six classes
ISAF Sailing World Championships - Solid Day 3 for US Sailing Team
ISAF Sailing World Championships - Day 3 images by Jesus Renedo
Marseille One Design 2014 - GC32 Armin Strom blitzes final day
Volvo Ocean Race 2014-15 - Una Etapa 0 complicada para todos
Santander 49ers: Olympic Gold Medallist says two into 90 does not go!! *Feature
GBR aiming for first ever Nacra 17 Games berth at Santander Worlds
Volvo Ocean Race: Man and sail overboard as Leg 0 serves up drama
ISAF Sailing World Championships Santander 2014 – Images by Dan Ibsen
Santander Worlds – already a spectator success
ISAF Sailing World Championships Santander 2014 - Day 3 morning report
Volvo Ocean Race 2014-15 - Tales from the extreme
Volvo Ocean Race: Latest starter wins opening race
2014 J/70 World Championship - Healy, Abdullah, Becker and Borges win
2014 Rolex Big Boat Series - Full-blown, once again
ISAF Worlds - Americans jump up Laser and Laser Radial leaderboard
2014 Rolex Big Boat Series - Farr 40 Day 3
America's Cup: Luna Rossa sailing with two foiling AC45's + Video
Extreme Sailing: Emirates Team NZ retain second overall   
ISAF Sailing Worlds, Santander - Rio Olympic Laser spots snapped up   
Rolex Swan Cup - All set for final showdown   
Upper Midwest sailors need help to take it to the next level   
ISAF Sailing World Championships - RS:X action begins in Santander   
ISAF Sailing Worlds, Santander - Americans rise in Laser and Radial   
Extreme Sailing Series - A remarkable penultimate day’s racing + Video   
Marseille One Design - GC32 GDF Suez unstoppable in the light   
Rolex Swan Cup - Day 3 images by Carlo Borlenghi   
ISAF Sailing World Championships - Images of the leaders in Santander   
Rolex Big Boat Series - Good day for Double Trouble   
Rolex Big Boat Series - Day 2 images by Erik Simonson   
Royal Cup Marina Ibiza - TP52 fleet ready for tricky race tracks   
Rolex Big Boat Series - Plenty maintains lead   
2014 Asia Pacific Student Cup - Count down begins   
Extreme Sailing Series: Live coverage of Day 3 - view here   
Volvo Ocean Race 2014-15 - Going away   
Volvo Ocean Race 2014-15 - Practice makes perfect   
2014 J/70 World Championship - Contrasting conditions on Day 4   
Rolex Big Boat Series - 50 years of big boat racing: a retrospective   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT