Please select your home edition
Edition
Cyclops Marine 2023 November - LEADERBOARD

U.S. Recreational Marine Manufacturing Executives report cautious optimism in Q1 2025 Survey

by National Marine Manufacturers Association 18 Apr 16:10 PDT
U.S. Recreational Marine Manufacturing Executives report cautious optimism in Q1 2025 Survey © National Marine Manufacturers Association

As the recreational boating industry faces shifting economic tides, understanding the sentiments of its leaders has never been more critical. NMMA recently launched the Marine Leadership Barometer, a quarterly survey with the first one fielded for Q1 2025, designed to capture the insights and expectations of its member CEOs and senior executives regarding the industry's current and future state.

Respondents completed the survey between March 10-21, 2025. During this two-week period, which fell ahead of April 2 "Liberation Day" and subsequent tariff announcements, in a cautiously optimistic signal for the U.S. recreational boating industry, 45% of marine manufacturers reported a guardedly positive outlook for the year ahead.

Continue reading the full article here...

Related Articles

EU delays retaliatory tariffs until Aug. 1
Canada and Mexico receive new tariff rates Yesterday, European Commission President Ursula von Leyen announced the European Union (EU) would further suspend its retaliatory tariffs - set to go into effect today - against American products, including recreational boats. Posted on 14 Jul
New tariff announcements continue
Brazil and Copper imports face 50% tariff Yesterday, President Donald Trump announced additional plans to impose new tariff rates on imports from several countries, including Brazil and the Philippines. Posted on 10 Jul
Trump Administration announces new tariffs
Implementation delayed to Aug. 1 President Donald Trump announced plans to impose new tariff rates on imports from several countries starting on Aug. 1, citing what he described as unfair trade practices and persistent trade imbalances. Posted on 8 Jul
President Trump signs the "One Big Beautiful Bill"
The enactment of this pro-growth tax code is critical to supporting small businesses On Friday, President Trump signed what he referred to as "one big beautiful bill" — legislation that preserves key provisions from the 2017 Tax Cuts and Job Act (TCJA). Posted on 7 Jul
April report: New boat sales dip
NMMA's latest Monthly Recreational Boating Industry Data Summary report NMMA's latest Monthly Recreational Boating Industry Data Summary report, covering rolling period from May 2024 through April 2025, points to continued headwinds with new powerboat retail unit sales down 9% year-to-date compared to same period last year. Posted on 7 Jul
Push for advancement of Senate tax provisions
NMMA and several member companies signed a joint industry letter urging leaders to pass the bill The Senate passed the “One Big Beautiful Bill” on July 1, marking a significant step forward for key provisions long championed by the manufacturing sector. Posted on 3 Jul
NMMA supports industry letter
Urging commerce to revise Section 232 implementation process The letter emphasizes the need for a more transparent and targeted approach to avoid unintended harm to U.S. manufacturing Posted on 30 Jun
NMMA Canada hosts successful 2025 Day on the Hill
Building momentum for repeal of luxury tax NMMA Canada wrapped another highly successful Day on the Hill in Ottawa this month, bringing together industry leaders, government officials, and policymakers to advance priorities critical to Canada's recreational boating sector. Posted on 26 Jun
NMMA members meet with Rep. Mike Collins
A group of NMMA leaders visited Capitol Hill last week As part of NMMA's continued advocacy efforts following the 2025 American Boating Congress (ABC), a group of NMMA leaders visited Capitol Hill last week to meet with Congressman Mike Collins (GA-10). Posted on 19 Jun
Soft demand continues with bright spots
Key findings from the March 2025 NMMA Monthly Recreational Boating Industry Data report The latest data from NMMA's Monthly Recreational Boating Industry Data Summary report, covering the rolling period from April 2024 through March 2025, offers a tempered view of the recreational boating market Posted on 6 Jun
North Sails Loft 57 PodcastAllen Dynamic 40 FooterCyclops Marine 2023 November - FOOTER