NMMA REPORT: Tide Turning for U.S. Boating Industry

Recreational boating industry reports ten percent increase in new power boat sales in 2012, sees first signs of healthy growth since recession; Small, versatile boats leading the recovery.

CHICAGO – January 3, 2013 – The U.S. recreational boating industry began to see the tide turn for new power boat sales with an estimated ten percent increase in 2012, according to the National Marine Manufacturers Association (NMMA). Early projections indicate the industry will see additional increases in 2013 by as much as 5-10 percent. This level of growth in 2013 will depend on a number of factors including continued improvement in economic conditions that impact recreational boating—namely consumer confidence and the housing market—and sustained increases in Americans’ participation in outdoor recreation.

 

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