Please select your home edition
Edition
MBW newsletters (top)

Positive feedback despite world trade disruption - North America MarineBusinessWorld newsletter

by Peter Rendle 26 Feb 08:00 PST
2020 Progressive® Insurance Miami International Boat Show © National Marine Manufacturers Association

As the coronavirus dominates world news and is now having an effect on the stock market, the boating industry is reporting positive feedback from the numerous boat shows that have taken place this year.

The latest report comes from the Miami show. Celebrating 79 years and its fifth year at Miami Marine Stadium Park and Basin, the 2020 Progressive® Insurance Miami International Boat Show, presented by West Marine, drew 82,171 attendees over its five-day run ending on President's Day. The Show kicked off with near record crowds on opening day, Feb. 13. Momentum slowed over the weekend with rainy weather, however early reports from several boat and accessory manufacturers reported strong sales and new buyers in attendance throughout the five-day event. As a result of inclement weather, attendance is down 10 percent compared to 91,518 in 2019. The Miami Boat Show is set to cruise back to Miami Marine Stadium Park and Basin in 2021 over President's Day weekend, Feb. 11-15.

Further north, the nine-day Progressive Insurance New England Boat Show concluded last Sunday, reporting an attendance of 50,726, down 2 percent from last year's record attendance of 51,725, but up 2 percent from the three-year average attendance of 49,728. Even more, exhibitors are reporting strong boat sales and positive conversations with attendees for the second year in a row.

Overseas in Europe, METSTRADE having enjoyed strong growth throughout the last decade, with exhibitor and visitor attendance figures consistently rising, the organisers have announced ambitious plans for the 2020 edition and beyond. They include a significant extension to Hall 5 at the RAI Amsterdam location, layout changes designed to facilitate further growth, and a range of smart solutions for networking and knowledge sharing. METSTRADE 2020 will take place from 17 to 19 November. With three-quarters of the exhibition floor space already booked ten months in advance of the event, the METSTRADE Show's unique role as the annual meeting place for the marine equipment industry has never been more secure.

Further indications of consumer sentiment are reflected in the December new Powerboat registrations for the fourth quarter. NMMA have announced its December New Powerboat Registrations Report showing new powerboat retail unit sales closed the fourth quarter of 2019 up 4 percent on a rolling 3-month year-over-year (R3M YOY) basis and closed 2019 down 1 percent on a rolling 12-month year-over-year basis, marking the second highest level of new powerboat sales in 12 years. "It was encouraging to see new boat sales pick up in the second half of 2019 with demand across a range of boats reaching their highest or near highest year-over-year sales volumes in 10-12 years," said Vicky Yu, director of business intelligence for NMMA. "A pick-up in the second half of 2019 and healthy demand in most powerboat categories offset softness in the smaller freshwater fishing boat segment. From what we're hearing from manufacturers, that sales momentum is carrying through the start of winter boat show season."

If you are planning to attend the American Boating Congress (ABC), registration for the 2020 event) is now open and NMMA is encouraging all stakeholders to reserve their spot now. Early bird pricing discount runs through Friday. ABC 2020 - the recreational boating industry's annual advocacy summit in Washington, D.C. will be held on Tuesday, May 12 through Thursday, May 14. For the first time the event moves to the InterContinental located at The Wharf - a remarkable, mile-long stretch of waterfront property along the Potomac River.

New products this month includes Capria's new dry stacking launching facility that brings speed and efficiency to dry stack launching. HydroHoist Boat Lifts all-new solution to dockside storage, the rugged and innovative 78-inch Rectangular HydroLocker™. And Sika Marine's very fast-setting, polyurethane adhesive for bonding small plastic and metal components.

Awards ceremonies include The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, who announced recently that its 27th annual Tribute to the Eighth Coast Guard District will be held at the National World War II Museum in New Orleans, Louisiana on Friday, March 6, 2020. At the event, the Foundation will recognize Air Station New Orleans for mission excellence and Robert Alario for his long-time support of the United States Coast Guard, the maritime industry and the Coast Guard Foundation.

While the Marine Marketers of America (MMA) recognized MarineMax for outstanding marketing communications efforts in the marine industry at the 2019 Neptune Awards ceremony. The event took place during the Miami International Boat Show in early February, awarding MarineMax Best Sales Promotion for their "Online Yacht Expo."

Keep sending us your industry news and if any of your industry associates or colleagues would like to receive this monthly newsletter they can subscribe for free at www.marinebusinessworld.com/NorthAmerica/newsletter

Peter Rendle - peter.rendle@marinebusinessworld.com

Related Articles

Macau Yacht Show 2020
A bit of luxury boating - for those who can get there! The 10th Anniversary of the China (Macau) International Yacht Show Import & Export Fair (Macau Yacht Show) will bring the boating lifestyle to Macau from 29 October to 1 November 2020. Posted on 16 Oct
Life slowly returning to normal as summer nears
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter As we look toward summer in Australia, our way of life is slowly returning, unless of course you live in Victoria. During the pandemic, sailing participation has been radically reduced, but the powerboat market has seen an upturn in sales in some areas. Posted on 15 Oct
Hong Kong Yacht Show 2020. Maybe.
Hong Kong needs a boat show - but will it get one? Hong Kong needs a boat show. It is quite anomalous that Hong Kong accommodates more registered ‘pleasure vessels' (over 10,000) than anywhere else in Asia except Japan, but has no boat show. Posted on 15 Oct
Boat Shows, no Boat Shows?
Introducing Virtual Boat Shows - but do they work? First show to be postponed was the Singapore Yacht Show in April, quickly followed Sanctuary Cove Boat (Australia), the Japan Boat Show and the Palm Beach International Yacht Show (USA) which was one of the first shows to go ‘virtual'. Posted on 10 Oct
Excellence in adversity to be recognised at METS
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter Entries are now open for a special one-off DAME competition to be awarded at the virtual METSTRADE Connect event. The DAME R&D Excellence in Adversity Award will celebrate the efforts of manufacturers that still developed during the pandemic. Posted on 8 Oct
Boating Industry optimistic ahead of the election
Peter Rendle's latest North American MarineBusinessWorld.com newsletter As the country continues to wrestle with the Covid-19 pandemic our monthly North America Marine Business World newsletter summarises some of the activity in our industry over the past month. Posted on 2 Oct
Industry adapts to shortage of boat show exposure
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter Under current circumstances boat shows around the world have been cancelled or postponed. Nevertheless 'the show must go on' and the Boating Industry of Australia launched National Boating Week which ran across the country this week. Posted on 1 Oct
Waterway development brings some joy to Gold Coast
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter A significant announcement by the Queensland Government will bring some good news to the residents of the Gold Coast whose tourist and hospitality industry has been heavily affected by the Covid-19 border closures. Posted on 24 Sep
Online communications set to continue post-Covid
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter One of the spin-offs from the Covid pandemic is the take up by industry and businesses of digital communication. Organisations used to communicating via traditional means are now embracing the efficiency of multi-view media such as Zoom. Posted on 17 Sep
Thailand opens the door... just a bit
Special Tourist Visa for 90 days, with 14 days mandatory pre-paid quarantine Thai Cabinet approves long-term extendable tourist visa with compulsory quarantine Posted on 17 Sep
MBW newsletters (top)