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STATE OF THE U.S. RECREATIONAL
BOATING INDUSTRY
Thom Dammrich, President, NMMA
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WELCOME!
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Economic Activity
• $597 million annual economic impact
• $300 million in annual sales
• Connects 500+ international buyers
• Supports 6,500 full time jobs
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MIAMI 2016
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WHAT’S HAPPENING?
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• 3 billion boating exposure hours
• More than 300 million boating trips in 2012
Source: USCG
BOATING IS PERVASIVE
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BOATING PARTICIPATION
Source: Foresight Research, U.S. Census Bureau*Adults 18 years of age and older
36.5% 35.8%
26.0%
35.7%
0
10
20
30
40
50
60
70
80
90
100
0%
5%
10%
15%
20%
25%
30%
35%
40%
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90
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91
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92
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93
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95
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Mil
lio
ns
of
Bo
ate
rs*
Pa
rtic
ipa
tio
n R
ate
*
Millions of Boaters Participation Rate
12Source: USITC, SSI, RMRC
RECREATIONAL BOATING
95% of boats sold in the U.S. are made in the U.S.
97% of U.S boat manufacturers are family owned and operated
small businesses.
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Engines
Boats
ManufacturersAccessories
DealersBrokers
Boaters
INDUSTRY ECOSYSTEM
Retailers
Marinas
Service providers
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BOATING’S ECONOMIC IMPACT
$121.5 Billion annual Economic Impact
Employs 472,593 direct jobs
Sustains 34,833
businesses
Source: Infogroup, RMRC
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$27.7
$32.0 $34.2
$30.2
$33.8 $35.6
$37.6 $35.7
$32.3
$29.6 $29.1 $30.5
$32.6 $33.3 $35.4
$37.5
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
US
D (
Bill
ion
s)
$36B
U.S. RETAIL SPENDING ON BOATING
Source: NMMA
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POWERBOAT, PWC, AND SAILBOAT
RETAIL SALES
466
418 404 397 408 408
394 366
279
207 188 190 202 206
227 243
260
Un
its
(T
ho
usa
nd
s)
* Projected Estimates
source: NMMA, SSI, MIC
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GROWTH IN 2015
source: SSI
15.3%
5.2%6.6%
9.3%
-6.4%
11.2%
27.5%
8.2%
-6.6%-22.2%
PW
C
Oth
er
Alu
min
um
Outb
oard
Oth
er
Fib
erg
lass O
utb
oard
Ponto
on
Fib
erg
lass S
tern
drive
Inboard
Ski
Jet
Deck
Inboard
Cru
iser
Houseboat
11/1
5 Y
TD
YO
Y C
han
ge -
Bellw
eth
er
Reta
il S
ale
s
High Unit Volume Low Unit Volume
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BOAT BUILDING PRODUCTION INDEX
ITR Economic Boat Building Production Forecast
Source: ITR Economics
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INDUSTRY OPPORTUNITIES
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INTERNATIONAL OPPORTUNITIES
Organized by:
Colombia may be Latin America’s best revival story to become the region’s next top boating destination!
Register at ColombiaNautica.com
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2015 ADVOCACY SUCCESSES
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2016 ELECTIONS
www.BoatPACinsider.com
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ADVOCACY OPPORTUNITIES
• Better coordination• Regular co-host calls• Stronger advocacy
May 9-11 Washington, D.C.
Renaissance Hotel
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CONSERVATION OPPORTUNITIES
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MOVING FORWARD
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NEW BEGINNINGS
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THANK YOU, CATHY
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GREAT WEEKEND
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MIAMI 2016
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THANK YOU!