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NMMA announces optimistic outlook for 2024 - MarineBusinessWorld North America newsletter

24/04/2024


NMMA announces optimistic outlook for 2024 - MarineBusinessWorld North America newsletter

Maritimo 2023 S-Series LEADERBOARD

2024 fill-in (top)

NMMA Marine Minute - photo © National Marine Manufacturers Association


Dear Recipient Name

In a new 'Marine Minute', the National Marine Manufacturers Association (NMMA) President, Frank Hugelmeyer, shares NMMA's take on the current state of the recreational boating industry, including a look at consumer behaviors and demand in 2023 and how that's shaping headwinds and opportunities the association is watching in 2024.

While new boat sales are expected to remain relatively flat in 2024, boating expenditures are likely to remain strong as the industry approaches spring and summer boating activity. With the surge in boat sales during the pandemic, it's expected Americans will continue to take to the water in large numbers this year given the unique social and wellness benefits boating delivers.

Ensuring water access, providing seamless support for boaters with educational resources, and timely service and maintenance, are core to the industry's continued focus on customer retention.

Derecktor Dania achieves back-to-back record-breaking quarterly revenue - photo © Derecktor
Derecktor Dania achieves back-to-back record-breaking quarterly revenue - photo © Derecktor

Meanwhile one company has recorded record breaking quarterly returns. Derecktor Shipyards proudly announces record-breaking quarterly revenues for its Dania Beach shipyard. Derecktor's unwavering commitment to excellence in marine services and customer satisfaction reflects consecutive quarters of exceptional performance.

DealersCircle and Lightspeed announce integration partnership - photo © DealersCircle
DealersCircle and Lightspeed announce integration partnership - photo © DealersCircle

Information technology software continues to assist businesses. DealersCircle, Inc. - the innovative, web-based manufacturing industry provider that conveniently links the manufacturer, dealer and customer together with its state-of-the-art software application - and Lightspeed - a leading Dealer Management Solution company with uniquely-tailored software solutions for dealers in recreational industries - are integrating their respective platforms to provide a more robust, all-inclusive solution for dealer networks in various industries.

MDS Brand launches customizable technology solutions for dealers and boat manufacturers - photo © MDS Brand
MDS Brand launches customizable technology solutions for dealers and boat manufacturers - photo © MDS Brand

More dealer assistance is provided by MDS. MDS Brand, industry-leader in boat builder and dealer technology solutions, announce the launch of its powerful, customizable web design services: MADIS AI content creation tool, integrated CallersIQ CRM software and ModelMixer Boat Configurator for boat builders. The ultimate partner in driving sales for dealers and builders alike, MDS provides a complete suite of tools that streamlines the entire sales process for a better customer experience.

A+T Instruments 2024 MPU   Cyclops 2024 February MPU

We all know that the marine industry is a great place to work. However, MarineMax have taken it to a new level. MarineMax is proud to be Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience working at MarineMax. This year, 85% of employees said it's a great place To Work - 28 points higher than the average U.S. company. Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation.

International Marine Service Technician Week - photo © American Boat & Yacht Council
International Marine Service Technician Week - photo © American Boat & Yacht Council

The American Boat & Yacht Council (ABYC) announced the start of the third annual "International Marine Service Technician Week" on Monday April 22nd. The event, which runs through to Friday April 26th, is dedicated to celebrating the exceptional skills and commitment of marine service professionals.

LALIZAS announces the acquisition of Revere Survival - photo © LALIZAS
LALIZAS announces the acquisition of Revere Survival - photo © LALIZAS

Expansions: LALIZAS is thrilled to announce the successful acquisition of Revere Survival, a US-based manufacturer & distributor of life rafts and other premium survival equipment for the recreational and commercial markets; a move that marks a significant milestone in the company's journey towards continued growth and expansion. #thelalizasforce has already developed a strong presence in the US market since 2018 with the acquisition of LALIZAS/ALEXANDER in Houston, TX & Houma, LA (former Alexander/Ryan Marine & Safety).

DuraBrite lighting solutions - photo © DuraBrite
DuraBrite lighting solutions - photo © DuraBrite

Partnerships: GOST® (Global Ocean Security Technologies), a world leader in marine security, tracking, monitoring and video surveillance systems, announced today a groundbreaking partnership with DuraBrite, a leader in high-reliability lighting solutions with a storied 50-year heritage in designing mission-critical power electronics. This collaboration was unveiled at the recent Palm Beach International Boat Show, marking a significant leap forward in the integration of cutting-edge lighting and security solutions for yachts.

More industry news at www.marinebusinessworld.com/NorthAmerica - and if you have news of your business that you would like to share, email me at the address below.

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

J Composites J/45   Selden ART


Capt. Brian Lee new owner of TowBoatUS locations on Chickamauga, Nickajack, Watts Bar Lakes
Capt. Brian Lee comes from a long line of shrimpers and commercial boatbuilders, and has had a career in recreational boat sales and service as well as marine insurance claims work.

MarineMax expands in the Lone Star State
MarineMax is thrilled to announce its expansion to Rowlett, Texas, with the grand opening of its newest location, MarineMax Lake Ray Hubbard. This exciting addition will be situated at Sapphire Bay Marina.

Luxury Charter Group expands
Independent charter specialists, Luxury Charter Group welcomes experienced charter broker, Emily Mack to their team, taking their team of experienced brokers worldwide to eight.

Marskeel 2019 600x500   Maritimo 2023 S600 MPU
Raymarine standard fit on new flagship 2025 Twin Vee GFX-2
Raymarine recently announced its standard-fit electronics package selected for all model sizes of Twin Vee's 2025 GFX-2 flagship series.

DealersCircle and Lightspeed announce integration partnership
DealersCircle, Inc. and Lightspeed are integrating their respective platforms to provide a more robust, all-inclusive solution for dealer networks in various industries.

Derecktor Shipyard briefing: Important updates for yacht industry
Derecktor's unwavering commitment to excellence in marine services and customer satisfaction reflects consecutive quarters of exceptional performance.

2024 fill-in (side)   Barz Optics 2023 MBW 1
Marine Service Technician Week begins
The American Boat & Yacht Council (ABYC) announced the start of the third annual "International Marine Service Technician Week" on Monday.

VIPCA announces applications for two marine-based educational programs are now open
The Virgin Islands Professional Charter Association (VIPCA) is pleased to announce applications are open now for two marine-based educational programs FREE to USVI public school students and young adults.

Sport Fishing Championship's Rising Son's/Team Verizon wins the catch, powered by Verizon
Rising Son's/Team Verizon, led by Sport Fishing Championship (SFC) Angler Jaselyn Berthelot and NFL players Alvin Kamara and Raheem Mostert, won SFC's The Catch, Powered By Verizon.

North Sails Performance 2023 - MPU   RS Sailing 2021 - MPU
NMMA President talks state of recreational boating, headwinds and opportunities
In a new Marine Minute, NMMA President, Frank Hugelmeyer, shares NMMA's take on the current state of the recreational boating industry, including a look at consumer behaviors and demand in 2023.

MarineMax earns 2024 Great Place to Work Certification™
MarineMax is proud to be Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience working at MarineMax.

Brownell emphasizes safe storage with training course
Brownell Boat Stands & Equipment, now in its 70th year of operation, announce that they have developed an online safety training class to teach users how to properly block and store boats.

Allen 2022 - PSH Cam Cleat MPU   Marine Auctions 2019 600x500
MDS Brand launches customizable technology solutions for dealers and boat manufacturers
MDS Brand announce the launch of its powerful, customizable web design services: MADIS AI content creation tool, integrated CallersIQ CRM software and ModelMixer Boat Configurator for boat builders.

Three 'don't miss' reasons to attend Virgin Islands Boating Expo - the ultimate luxury yacht show
The Virgin Islands Boating Expo (VIBE), set for May 10-12, 2024, at IGY's Yacht Haven Grande St. Thomas, offers a paradise setting for both buying a boat and chartering.

LALIZAS announces the acquisition of Revere Survival
LALIZAS is thrilled to announce the successful acquisition of Revere Survival, a US-based manufacturer & distributor of liferafts and other premium survival equipment for the recreational and commercial markets.

GOST® and DuraBrite announce strategic partnership at Palm Beach International Boat Show
GOST® (Global Ocean Security Technologies), a world leader in marine security, tracking, monitoring and video surveillance systems, announced today a groundbreaking partnership with DuraBrite

J Composites J/99

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