NMMA Confirms Industry Growth
Mar 5, 2021
The National Marine Manufacturers Association’s virtual State of the Boating Industry address yesterday featured an overview of the marine market and the presentation of awards.
NMMA president Frank Hugelmeyer announced that the boating industry grew 12 percent during the last year, with more than 300,000 new boats sold and 100,000 first-time buyers accounting for a 13-year high in sales.
Hugelmeyer said the marine sector accounts for $778 billion in gross economic output, supports 5.2 million jobs, and that the boating/fishing segment is a $170 billion contributor to the outdoor-recreation economy.
“The boating industry has been extremely fortunate,” he said. “For the most part, the wind has been at our back.”
The March 4 State of the Industry webinar includes the presentation of the Marine Industry Customer Satisfaction Index Awards and the Alan J. Freedman Award.
It Takes Two to Tango
The boom in boat sales weâre enjoying is a result of the combined efforts of the National Marine Manufacturers Association and the Recreational Boating and Fishing Foundation.
Author:
Feb 25, 2021
When the pandemic hit a year ago, with boat plants shutting down and dealerships closing, anyone who would have predicted the subsequent increase in boat sales would’ve been asked,
What are you smokin’?
Some might believe it was dumb luck that Covid-19 triggered the CDC’s recommendations to get outdoors and recreate. There’s no question that played a role. But why would people think of boats? What drew so many first-timers to dealerships, draining inventories?
NMMA to Hold State of the Industry Webinar tradeonlytoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradeonlytoday.com Daily Mail and Mail on Sunday newspapers.
The American Fly Fishing Trade Association and the AFFTA Fisheries Fund (jointly AFFTA) on Thursday released a report, “Recommendations to Improve the Health and Sustainability of America’s Marine Fisheries.”