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Positive feedback despite world trade disruption - North America MarineBusinessWorld newsletter

26/02/2020


Positive feedback despite world trade disruption - North America MarineBusinessWorld newsletter

Maritimo 2019 HEADER

RS Sailing 2019 - Leaderboard

2020 Progressive® Insurance Miami International Boat Show - photo © National Marine Manufacturers Association


Dear Recipient Name

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.

Marine Auctions 2019 600x500   Marskeel 2019 600x500

Progressive® Insurance New England Boat Show® - photo © FayFoto / Boston
Progressive® Insurance New England Boat Show® - photo © FayFoto / Boston

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.

Overview METSTRADE 2019 - photo © METSTRADE
Overview METSTRADE 2019 - photo © METSTRADE

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.

NMMA Powerboat Registrations Report - photo © National Marine Manufacturers Association
NMMA Powerboat Registrations Report - photo © National Marine Manufacturers Association

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."

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Register for the American Boating Congress - photo © American Boating Congress
Register for the American Boating Congress - photo © American Boating Congress

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.

Capria brings speed and efficiency to dry stack launching - photo © Martin Flory Group
Capria brings speed and efficiency to dry stack launching - photo © Martin Flory Group

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.

Bob Montgomery, Coast Guard Foundation Board Member Presents Morale Funds to Lieutenant Nicholas Martin, Commanding Officer of the Daniel Tarr - photo © Coast Guard Foundation
Bob Montgomery, Coast Guard Foundation Board Member Presents Morale Funds to Lieutenant Nicholas Martin, Commanding Officer of the Daniel Tarr - photo © Coast Guard Foundation

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.

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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

Melges IC37 2019 MPU   Rooster GETSEASMART 300x250


USA Pavilion registration now open for METSTRADE 2020
The NMMA organizes and operates the U.S.A. Pavilion, one of the largest country pavilions at the show, offering cost-effective, turn-key exhibition packages in a prime location.

Introducing the Friendship 50 RHIB designed by Ted Fontaine
The mandate was to design and build a high-quality, aesthetically-pleasing, multi-purpose exploration vessel: a boat that would perform equally; as well as a support vessel for a professional yacht racing program and as a weekend cruiser.

METSTRADE launches into new decade with added space and value
Having enjoyed strong growth throughout the last decade, with exhibitor and visitor attendance figures consistently rising, the organisers of METSTRADE have announced ambitious plans for the 2020 edition and beyond.

PBW Newsletter Sign-Up   Maritimo 2019 MPU
New England Boat Show reports strong attendance and boat sales
The nine-day Progressive® Insurance New England Boat Show®concluded on 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.

2020 Miami Boat Show boost for boating industry, 2021 dates set for Miami Marine Stadium
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.

Xantrex Vice President Gaudet promoted to President of Marine Power at Mission Critical Electronics
Xantrex Vice President and General Manager Richard Gaudet is now the President of Marine Power at Mission Critical Electronics, Xantrex's parent company. Gaudet assumed his new responsibility on January 02, 2020.

RS Sailing 2019 - MPU   upffront 2018 GFM 300x250
Capria brings speed and efficiency to dry stack launching
Dry stacking is a highly organized and cost-effective method of storing boats. But traditional launching methods are often chaotic and hazardous. With Frontal, Lateral or Rotary Launchers from CAPRIA S.A., the process is fast and efficient.

Cobalt Boats celebrates 1 million hours without a lost-time injury
Premium luxury manufacturer Cobalt Boats has announced that in 2019 it achieved the distinction of compiling more than one million hours worked without a lost-time injury.

New South Atlantic dealer for J/Boats
Sailing Inc., headquartered in Cleveland, Ohio, is proud to announce it is expanded its premier boat brokerage services by adding a J/Boats dealership in Charleston, South Carolina.

Coast Guard Foundation to honor USCG in New Orleans
The Coast Guard Foundation announced today 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.

Marine Marketers Association recognizes MarineMax for marine marketing excellence
The Marine Marketers of America (MMA) recognized MarineMax for outstanding marketing communications efforts in the marine industry at the 2019 Neptune Awards ceremony.

Register for the American Boating Congress - Take advantage of early bird pricing today
Registration for the 2020 American Boating Congress (ABC) is now open and NMMA is encouraging all stakeholders to reserve their spot today. Early bird pricing discount runs through Friday.

Two Golden Globe Race sailors honoured by the Cruising Club of America
The Cruising Club of America awarded GGR 2018-2019 winner Jean-Luc Van den Heede with the 2019 Blue Water Medal for his achievements in single-handed sailing, notably six solo circumnavigations.

NMMA December Powerboat Registrations Report: Retail unit sales finish 2019 nearly on par with 2018
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

18 products receive 2020 Innovation Awards, honored during Miami Boat Show's Innovation Breakfast
The NMMA and Boating Writers International (BWI) honored today winners of the 2020 Progressive Insurance Miami International Boat Show Innovation Awards, recognizing exceptionally groundbreaking new consumer marine products.

ACR Electronics ResQLink View Personal Locator Beacon wins Miami Innovation Award
ACR Electronics' next-generation ResQLink™ View Personal Locator Beacon (PLB) has won the 2020 Progressive Insurance Miami International Boat Show Innovation Award in the Consumer Safety Equipment category.

MasterCraft Boat Holdings innovates at record speed with Aviara
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) modernized the luxury day boat category with the premiere of a new brand, Aviara in 2019.

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