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

Industry stats show downturn in powerboat sales - MarineBusinessWorld.com North America newsletter

30/10/2024


Industry stats show downturn in powerboat sales - MarineBusinessWorld.com North America newsletter

Trinidad and Tobago - Sail Service Stay

Savvy Navvy 2024

NMMA's 2023 U.S. Recreational Boating Statistical Abstract - photo © National Marine Manufacturers Association


Dear Recipient Name

The latest report on total industry sales by category and state, part of NMMA's 2023 U.S. Recreational Boating Statistical Abstract, is now available for download.

This section provides data on recreational boat and marine engine retail sales by marine segment and geographical location, including unit sales, dollar value, and average retail prices, along with total recreational marine expenditures.

The Powerboat Sales Trends report, part of NMMA's 2023 U.S. Recreational Boating Statistical Abstract, indicates that the U.S. new powerboat market saw a downturn last year due to broader economic pressures and shifting consumer preferences. Total new powerboat unit sales declined 6.8% to 176,643 units in 2023. Notably, new jet boat sales saw a 44.3% increase in unit sales, particularly in Florida, Texas and California, driven by strong demand for fiberglass models.

DAME Design Awards 2024 jury - photo © METSTRADE
DAME Design Awards 2024 jury - photo © METSTRADE

Overseas, METSTRADE has announced that 58 products from 28 countries have been nominated to enter the final rounds of assessment for the 33rd edition of the globally recognised DAME Design Awards. Winners will be announced on the first day of the show, 19 November. Following intensive online scrutiny of entries, the DAME Design Award's international jury - comprising nine leading design and user experts - gathered at RAI Amsterdam for hands-on assessment and discussion. For the first time, the Jury included a sustainability consultant and a master's-level design student, adding fresh perspectives to the team's broad expertise.

Coast Guard Foundation announces 207 scholarships awarded for 2024-2025 Academic Year - photo © Coast Guard Foundation
Coast Guard Foundation announces 207 scholarships awarded for 2024-2025 Academic Year - photo © Coast Guard Foundation

The Coast Guard Foundation, a non-profit organization committed to strengthening the Coast Guard community and service by supporting members and families, announced that it has awarded 207 new scholarships in 2024, totalling $750,000 in support for the 2024-2025 academic year. Since the program's inception in 1990, the Foundation has awarded $8.3 million for more than 2,400 scholarships, ensuring Coast Guard children can build strong futures through a college education or technical school training.

Maritimo 2023 S600 MPU   A+T Instruments BFD 2024 MPU

The Association of Marina Industries has certified 17 new marina personnel from Suntex as Clean & Resilient Marina Professionals. The participants completed an in-person course in Dallas, Texas over 2 days to receive their certification. The intensive course taught federal regulatory requirements, best management practices, and green techniques for operating a marina that places minimal impact on its natural surroundings and sets itself up to be resilient as the environment changes.

NMMA Alan J. Freedman Memorial Leadership Award  - photo © National Marine Manufacturers Association
NMMA Alan J. Freedman Memorial Leadership Award - photo © National Marine Manufacturers Association

Nominations are being accepted for the 2025 Alan J. Freedman Memorial Leadership Award. Recipients of the NMMA's Freedman Award are individuals who have made outstanding contributions to the marine accessories industry through leadership, creativity and personal motivation. The following are categories for consideration: Marine aftermarket or OEM manufacturer, marine representative, member of marine-focused media, boat dealer, marine distributor, marine trade association staff person.

Powerful functionality added to Alpha Performance Displays - photo © Raymarine
Powerful functionality added to Alpha Performance Displays - photo © Raymarine

Product Developments: Raymarine announced this week a free upgrade to its line of award-winning Alpha Performance Displays with the release of the Alpha 3.0 software update. Packed with valuable tools for interacting with instrument data such as new visualizations and autopilot integration, boaters can now get even more from their Alpha displays with an easy-to-install update.

Dockmate Positioning System V2 - photo © Dockmate
Dockmate Positioning System V2 - photo © Dockmate

Dockmate, also announced this week that its revolutionary new feature for their wireless remote-control systems, Dockmate Positioning System (DPS), has been completely redesigned for easy retrofit, increased safety and ease of use.

The magic of DPS V2 is that it is completely self-contained within the Receiver. Because the Dockmate Receiver already handles control of engines/motors and thrusters through its existing integrations, DPS V2 needs less hardware to achieve the same results as much more expensive aftermarket dynamic positioning systems.

Elite FS 10-inch display - photo © Lowrance
Elite FS 10-inch display - photo © Lowrance

Meanwhile Lowrance®, a world-leader in fishing electronics, announced the expansion of its Elite FS ® line with new 10 and 12-inch display sizes, giving anglers access to the full line-up of Lowrance fishfinding tools, including live sonar on a larger screen, at an attractive price point. "We expanded our Elite FS family of units to include two additional sizes that give anglers more choices to upgrade their toolkit with live sonar on a larger, more affordable screen," said Jeremiah Clark, VP and General Manager, Fishing Systems at Navico Group. "Our mission is to empower anglers with gear that drive success on the water. Including our full suite of sonar technology and seamless integration with the boat's entire system, Elite FS is a powerful fishfinder that delivers exceptional value that performance anglers will appreciate."

MarineBusinessWorld encourages news from all marine industry segments to ensure the industry stays ahead of any changes taking place. All submissions are considered on their relevance and should be emailed to the address below for possible inclusion on the marinebusinessworld site:

Marine Business World - North American-based news from the largest boating news network

Stay tuned,
Peter Rendle - peter.rendle@worldmarine.media

Marskeel 2019 600x500   RS Sailing 2021 - MPU


2023 Total Industry Sales Report details adjustments in demand
The latest report on total industry sales by category and state, part of NMMA's 2023 U.S. Recreational Boating Statistical Abstract, is now available for download.

Coast Guard Foundation announces 207 scholarships awarded for 2024-2025 Academic Year
Awards total $750,000 for Coast Guard Children enrolled in College, University Undergraduate Programs and Trade Schools

Raymarine adds powerful functionality to Alpha Performance Displays
Raymarine announced today a free upgrade to its line of award-winning Alpha Performance Displays with the release of the Alpha 3.0 software update.

Cyclops 2024 Live Loads MPU 1   J Composites J/45
AMI certifies 17 Clean & Resilient Marina Professionals
The Association of Marina Industries has certified 17 new marina personnel from Suntex as Clean & Resilient Marina Professionals.

Dockmate elevates user experience with DPS V2
Dockmate announced today that its revolutionary new feature for their wireless remote control systems, Dockmate Positioning System (DPS), has been completely redesigned for easy retrofit, increased safety and ease of use.

Inha Works Ltd signs distribution agreement with Nordic Marine Imports LLC
Inha Works LTD, a Finland-based company owned by Yamaha Motor Europe, is excited to announce the expansion of its boat export operations across the entire United States.

2024 fill-in (side)   Trinidad and Tobago - Sail Service Stay
KenCraft Boats makes brand shift to Bay Rider Boats
KenCraft Boats, an independent boatbuilder with a 50-year history in producing inshore/offshore center consoles, bay boats, and skiffs, will now have its product produced under the Bay Rider Boats brand name effectively immediately.

Making the ocean safer: West Nautical's Superyacht Captain's Command and Control Course
An annual event in West Nautical's busy calendar, every October superyacht captains from all over the world fly to Newcastle upon Tyne to attend the company's world-renowned Captain's Command and Control Course.

Nominations sought for 2025 Freedman Award
Nominations are being accepted for the 2025 Alan J. Freedman Memorial Leadership Award.

Allen 2022 - TiiTAN MPU   Selden ART
Six Atlantic Coast States object to NOAA's Proposed Vessel Speed Rule Expansion
Florida, Georgia, North Carolina, South Carolina, Virginia, and Massachusetts object to NOAA's proposed rule.

2023 U.S. Statistical Abstract: Powerboat Sales Trends report now available
The Powerboat Sales Trends report, part of NMMA's 2023 U.S. Recreational Boating Statistical Abstract, is now available.

Marine Products Corporation reports third quarter 2024 Financial Results
Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024.

Marine Auctions 2019 600x500   North Sails Loft 57 Podcast
Aquila Power Catamarans announces appointment of Alain Raas as Global Brand Director
Aquila Power Catamarans has announced the appointment of Alain Raas as its Global Brand Director to build on Aquila's position as a leader in the power catamaran industry.

Legend Boats announces Jesse Davis as Vice President
Legend Boats is pleased to announce the appointment of Jesse Davis as Vice President of Duhamel and Dewar Inc., effective immediately.

Lowrance expands the Elite FS lineup with 10 and 12-inch display sizes
Lowrance® today announced the expansion of its Elite FS ® line with new 10 and 12-inch display sizes, giving anglers access to the full line-up of Lowrance fishfinding tools, including live sonar on a larger screen, at an attractive price point.

Savvy Navvy 2024   PBW Newsletter Sign-Up
58 products honoured with DAME Design Awards 2024 nominations
METSTRADE is pleased to announce that 58 products from 28 countries have been nominated to enter the final rounds of assessment for the 33rd edition of the globally recognised DAME Design Awards.

BoatBot 2.0 solves boat maintenance woes with AI-Powered Part Identification & Diagnostics
BoatBot, the leading platform designed to simplify boat management and marine service coordination, have introduced BoatBot 2.0 with its patent-pending AI technology.

North Sails Loft 57 Podcast

Maritimo 2023 S-Series FOOTER

This email was sent to the.recipients@email.address by YY Online Services Ltd.
Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW
Registered in England No. 7895890

Our records show that you signed up to receive news from us on 1 January 2000

Please do not reply to this message as this address cannot receive replies.

You can unsubscribe at any time or email us here if you encounter any difficulties
Selden 2020 - FOOTERCyclops Marine 2023 November - FOOTERNorth Sails Loft 57 Podcast