Please select your home edition
Edition
Vaikobi 2021 FlexForce - LEADERBOARD

Marine CEOs – Q3 Sentiments optimistic following season of strong new boat sales

by National Marine Manufacturers Association 15 Nov 2020 09:11 PST
Discover Boating © National Marine Manufacturers Association

NMMA's Q3 2020 Marine CEO Sentiment Report, a quarterly survey to assess the state and needs of U.S. recreational boat, engine and marine accessory manufacturing businesses, is now available. The Q3 survey was fielded in October, and data shows marine CEO sentiment was overwhelmingly upbeat with 96% of CEOs reporting stable or expanding business conditions following the increase in new boat sales during the summer and early fall.

Key findings from the Q3 2020 Marine CEO Sentiment Report include:

  • Overall, marine manufacturing is near its normal operating capacity, yet supply chain disruptions, like slowed deliveries, remained a challenge for 70% of marine manufacturers in Q3, especially among boat builders.
  • New boat sales are strong. 72% of marine manufacturers reported Q3 sales were up either substantially or modestly compared to Q3 2019. Furthermore, 76% of manufacturers reported new orders are up compared to the same time period a year ago.
To read more please go to the original article.

Related Articles

2020 U.S. Boating Statistical Abstract
Sailboat sales trends now available This report includes production and retail unit sales data, export unit sales by length, import unit sales by length, estimated total annual retail sales, and retail sales by length. Posted on 22 Jul
Media nationwide shine spotlight on boating
NMMA summer PR efforts continue to make waves in the news NMMA summer PR efforts continue to make waves in the news, raising awareness about the benefits of boating and shining a spotlight on the U.S. recreational boating industry. Posted on 21 Jul
NMMA hire Kevin M. Williams
To oversee the industry's Discover Boating campaign In this new role created in support of the NMMA's strategic plan to expand the market for recreational boating, Williams will oversee the industry's Discover Boating campaign and the integration of the Discover Boating brand with boat shows. Posted on 16 Jul
ABYC Educator Training Conference dates announced
Anyone involved in the marine tech space is encouraged to attend Designed for high school and post-secondary instructors, as well as boating industry leaders that want to get more involved in creating a strong future workforce, anyone involved in the marine tech space is encouraged to attend. Posted on 14 Jul
NMMA accepting nominations for Hall of Fame Award
The Association's most prestigious recognition Nominations are being accepted for the 2021 NMMA Hall of Fame Award through August 4th. Posted on 8 Jul
2020 U.S. Boating Statistical Abstract
Boat and engine exports and imports now available The Boat and Engine Exports and Imports section of NMMA's 2020 U.S. Recreational Boating Statistical Abstract is now available on NMMA.org. Posted on 7 Jul
Michigan DNR approves $4 million in grants
Funding will be awarded to 23 communities throughout the state The Michigan Department of Natural Resources recently announced that more than $4 million in grant funding will be awarded to 23 communities throughout the state to boost recreational boating. Posted on 4 Jul
Registration open for IBEX 2021
Returning in-person to Tampa Sept. 28-30 The International BoatBuilders' Exhibition and Conference (IBEX) announced today that registration is now open for the 30th Anniversary of IBEX, to be held September 28-30, 2021, in the Tampa Convention Center. Posted on 2 Jul
New Powerboat sales remain strong through April
According to the latest New Powerboat Registrations Report The NMMA reports new boat sales remained strong through April, according to the latest New Powerboat Registrations Report. Posted on 1 Jul
2020 U.S. Boating Statistical Abstract
Cruiser, fishing boat & trailer sales trends now available The Cruiser, Watersport, Fishing Boat & Trailer Sales Trends section of NMMA's 2020 U.S. Recreational Boating Statistical Abstract is now available on NMMA.org. Posted on 25 Jun
J Composites 2020 - FOOTERGet My Boat 2021 FOOTERMaritimo 2021 - M600 - FOOTER