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STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY Thom Dammrich, President, NMMA

STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Page 1: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

STATE OF THE U.S. RECREATIONAL

BOATING INDUSTRY

Thom Dammrich, President, NMMA

Page 2: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

2

WELCOME!

Page 3: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Page 4: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Page 5: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Page 6: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Page 7: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 8: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

8

MIAMI 2016

Page 9: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

9

WHAT’S HAPPENING?

Page 10: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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• 3 billion boating exposure hours

• More than 300 million boating trips in 2012

Source: USCG

BOATING IS PERVASIVE

Page 11: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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%

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

Mil

lio

ns

of

Bo

ate

rs*

Pa

rtic

ipa

tio

n R

ate

*

Millions of Boaters Participation Rate

Page 12: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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.

Page 13: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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Engines

Boats

ManufacturersAccessories

DealersBrokers

Boaters

INDUSTRY ECOSYSTEM

Retailers

Marinas

Service providers

Page 14: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 15: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 16: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 17: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 18: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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BOAT BUILDING PRODUCTION INDEX

ITR Economic Boat Building Production Forecast

Source: ITR Economics

Page 19: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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INDUSTRY OPPORTUNITIES

Page 20: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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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

Page 21: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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2015 ADVOCACY SUCCESSES

Page 22: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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2016 ELECTIONS

www.BoatPACinsider.com

Page 23: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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ADVOCACY OPPORTUNITIES

• Better coordination• Regular co-host calls• Stronger advocacy

May 9-11 Washington, D.C.

Renaissance Hotel

Page 24: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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CONSERVATION OPPORTUNITIES

Page 25: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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MOVING FORWARD

Page 26: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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NEW BEGINNINGS

Page 27: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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THANK YOU, CATHY

Page 28: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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GREAT WEEKEND

Page 29: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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MIAMI 2016

Page 30: STATE OF THE U.S. RECREATIONAL BOATING INDUSTRY...• $300 million in annual sales • Connects 500+ international buyers • Supports 6,500 full time jobs. 8 MIAMI 2016. 9 ... Bellwether

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THANK YOU!