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The NMMA release two vital industry reports - MarineBusinessWorld North America newsletter

01/11/2023


The NMMA release two vital industry reports - MarineBusinessWorld North America newsletter

North Sails Performance 2023 - LEADERBOARD

J Composites 2022 - J99 LEADERBOARD

2022 U.S. Statistical Abstract: Pre-owned Boat Market Sales Trends Report - photo © Kelly Kaylor


Dear Recipient Name

The National Marine Manufacturers Association (NMMA), who continue to substantially contribute to the leisure marine industry, has published the latest sales trends report for the pre-owned boat market, part of their 2022 U.S. Recreational Boating Statistical Abstract, and it is now available for download.

Pre-owned boat sales returned to pre-pandemic levels, down nearly 13% to just below one million units in 2022 following two years of growth. The market value of pre-owned boats fell 7% year-over-year to $13.3 billion in 2022.

Maritimo 2023 MPU S75   Marskeel 2019 600x500

They have also released the latest Sailboat Sales Trends report, again part of the 2022 U.S. Recreational Boating Statistical Abstract. Sailboat production in North America grew an estimated 3% in 2022, reaching 2,710 units. The U.S. remained a net importer of sailboats with both imports and exports rising over the course of the year. NMMA members receive unlimited complimentary access to the digital versions of the annual U.S. Recreational Boating Statistical Abstract. Non-members can purchase the Sailboat Sales Trend Report for $499.

Details of the Boating Infrastructure Grant program has been made available. Does your town or region make it easy for boaters to visit and spend locally? Having safe, protected dockage and offering amenities to these tourists by water can bring boaters in, but how do you pay for it? The Boating Infrastructure Grant (BIG) program, first championed by Boat Owners Association of The United States (BoatUS), has proven effective in attracting boaters and their spending dollars by providing safe transient dockage as well as a range of important boater amenities.

A Tier 1 Boating Infrastructure Grant in Brunswick, Georgia funded installation of dockside power pedestals, giving local utility access to visiting boaters - photo © Scott Meister – USFWS
A Tier 1 Boating Infrastructure Grant in Brunswick, Georgia funded installation of dockside power pedestals, giving local utility access to visiting boaters - photo © Scott Meister – USFWS

Since its inception in 1998, BIG has provided $283 million for safe harbor facilities including infrastructure such as piers, breakwaters, floating docks, bulkheads, mooring buoys, day docks, dinghy docks, slips, bathrooms, showers, laundries, recycling stations, fuel docks, utilities, navigation aids, limited dredging and other services. A key BIG requirement is that grant funds must be designed for use by for visiting transient boats greater than 26 feet in length for stays of up to 15 days.

Class of 2023 NSHOF Inductees: From top left (moving left to right descending): Skip Etchells, Tim Hogan, Peter Holmberg, Sally Honey, John Kolius, Bill Lapworth, John Knox Marshall, Charley Morgan, Bob Perry and Dick Stearns - photo © Erika Holshoe
Class of 2023 NSHOF Inductees: From top left (moving left to right descending): Skip Etchells, Tim Hogan, Peter Holmberg, Sally Honey, John Kolius, Bill Lapworth, John Knox Marshall, Charley Morgan, Bob Perry and Dick Stearns - photo © Erika Holshoe

The National Sailing Hall of Fame have announced that their induction ceremony will be livestreamed on Facebook and YouTube with Tom Ehman, host of "Sailing Illustrated." The livestream will begin on November 4, at 10 a.m. PDT, as the inductees will be formally celebrated over two days in Newport Beach, California.

"With our ceremony involving so many people from various localities and time zones, we are pleased to make it available to everyone to watch from anywhere," said Ashley Householder, executive director of the National Sailing Hall of Fame. "Tom is a huge part of the sailing community, and we're excited to partner with him for this opportunity. We invite anyone interested in the sport of sailing to join us in honoring this year's inductees and their immense contributions to the world of sailing."

Ty Haney spotlights fishing and boating at Forbes Power Women's Summit - photo © Recreational Boating & Fishing Foundation
Ty Haney spotlights fishing and boating at Forbes Power Women's Summit - photo © Recreational Boating & Fishing Foundation

And not forgetting the part fishing plays in our industry, Ty Haney spotlights fishing and boating at Forbes Power Women's Summit. As part of the integrated partnership with Forbes to showcase the benefits of fishing and boating for women, RBFF team members participated in the Forbes Power Women's Summit in late September. Entrepreneur Ty Haney, featured in a Forbes article earlier this summer, joined some mighty women on stage to talk about her journey into building businesses and how fishing helped her succeed.

X40 Electric Outboard - photo © ePropulsion
X40 Electric Outboard - photo © ePropulsion

Further news of electric power. ePropulsion, a global leader and market challenger in marine electric propulsion systems and services, announced the launch of their all-new X40 Electric Outboard, the future of clean, quiet and powerful marine propulsion, at this year's Fort Lauderdale International Boat Show from October 25-29. Weighing 20% less than traditional motors, the X40 offers 40 kW of power with 88.2% total powertrain efficiency.

Using a proprietary algorithm, ePropulsion has also optimized over 20 key variables to achieve unparalleled hydrodynamic efficiency in the X40's propeller, yielding smoother rides and even lower energy consumption.

Georgia Speaker of the House Jon Burns visited Chaparral & Robalo Boats - photo © National Marine Manufacturers Association
Georgia Speaker of the House Jon Burns visited Chaparral & Robalo Boats - photo © National Marine Manufacturers Association

Last week, Georgia Speaker of the House, Jon Burns, visited Chaparral & Robalo Boats to discuss the importance of the recreational marine industry in the Peach State. Recreational boating has a $7.8 billion economic impact in Georgia, and supports more than 670 businesses and 27,000 jobs.

"We appreciate Georgia House Speaker Burns taking the time to visit our factory in Nashville. He was very engaged and interested in learning about our manufacturing processes. He recognized the large economic impact we have on southeastern Georgia and thanked us for our contribution to the local economy," said Ann Baldree, Senior Vice President of Chaparral and Robalo Boats. "It was a wonderful visit, and we appreciate Speaker Burns' dedicated service to the state of Georgia".

More North American boating industry news at www.marinebusinessworld.com/NorthAmerica

Stay Focused!
Peter Rendle - peter.rendle@marinebusinessworld.com

Allen 2022 - PSH Cam Cleat MPU   North Sails Performance 2023 - MPU


2022 U.S. Statistical Abstract: Total Industry Sales by Category and State Report now available
The industry sales by category and state report, part of NMMA's 2022 U.S. Recreational Boating Statistical Abstract, is now available for download

Boat Fix Pro mobile application launched
Boat Fix announced today its upgraded, easy to use Boat Fix Pro mobile application.

National Sailing Hall of Fame to livestream 2023 Induction Ceremony
The National Sailing Hall of Fame (NSHOF) announced today that their induction ceremony will be livestreamed on Facebook and YouTube with Tom Ehman, host of “Sailing Illustrated.”

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Brunswick Corporation reports exceptionally strong sales and share gains during the 2023 FLIBS
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2022 U.S. Statistical Abstract: Pre-owned Boat Market Sales Trends Report now available
The latest sales trends report for the pre-owned boat market, part of NMMA's 2022 U.S. Recreational Boating Statistical Abstract, is now available for download

Mercury Marine's Eric Nelson elected Chair of the NMMA Canada Board of Directors
The Canadian division of the National Marine Manufacturers Association (NMMA) recently announced the election of new officers to its Board of Directors.

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SeaArk Boats celebrates annual dealer meeting with exciting reveals and honors
SeaArk Boats recently convened at the illustrious Chateau on the Lake in Branson, MO, for its Annual Dealer Meeting & In-Water Show, captivating attendees with the theme, "FULL FLEX".

Georgia Speaker of the House visits Chaparral and Robalo Boats
Last week, Georgia Speaker of the House Jon Burns visited Chaparral & Robalo Boats to discuss the importance of the recreational marine industry in the Peach State.

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Raffaele Invrea is the new Managing Director of CMC Marine USA
CMC Marine confirms its intention to grow and invest in the US market with the arrival of a Managing Director for the company's American office, which was opened in 2019 and is now a strategic gateway to the US market.

Hurricane announces new SunDeck 2050 for model year 2024
Hurricane deck boats, legendary innovator in versatile deck boat designs, announced today the launch of a brand-new design for model year 2024 - the SunDeck 2050.

Boating Infrastructure Grants offer funding for docks and visiting boater amenities
Does your town or region make it easy for boaters to visit and spend locally? Having safe, protected dockage and offering amenities to these tourists by water can bring boaters in, but how do you pay for it?

Cyclops Marine 2023 October - MPU   J Composites 2022 - J99 MPU
Ty Haney spotlights fishing and boating at Forbes Power Women's Summit
As part of our integrated partnership with Forbes to showcase the benefits of fishing and boating for women, RBFF team members participated in the Forbes Power Women's Summit in late September.

Marine Resources latest jobs: Let's begin this journey together
Hey there, get ready to dive into this week's newsletter packed with some seriously exciting job opportunities that could be the game-changer you've been waiting for. We're talking about roles that can redefine your future, so get ready to be inspired!

ePropulsion launches X40 Outboard Engine
ePropulsion announced the launch of their all-new X40 Electric Outboard, the future of clean, quiet and powerful marine propulsion, at this year's Fort Lauderdale International Boat Show.

2022 U.S. Statistical Abstract: Sailboat Sales Trends report now available
The latest Sailboat Sales Trends report, part of NMMA's 2022 U.S. Recreational Boating Statistical Abstract, is now available.

Marine Products Corporation reports third quarter 2023 Financial Results
Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2023.

Jury announces nominated products for DAME Design Awards 2023
METSTRADE is pleased to announce that 53 products from 19 countries across four continents have been nominated to enter the final rounds of judgement for the 32nd edition of the DAME Design Awards.

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