Please select your home edition
Edition




The industry expands despite economic clouds - MarineBusinessWorld.com North America newsletter

by Peter Rendle 16 Oct 2024 14:00 PDT
2023 U.S. Statistical Abstract: Cruiser, Watersport, Fishing Boat and Trailer Sales Trends Report © National Marine Manufacturers Association

NMMA's Recreational Boating Industry Monthly Data Summary for October 2024 is now available to download. The monthly summaries include performance indicators on wholesale and retail sales of new powerboats and outboard engines, economic metrics, and interactive graphs illustrating historical trends, making them a powerful tool to inform strategic decisions and keep industry stakeholders up to date on the economic trends shaping consumer demand.

There is also the latest sales trends report for cruisers, watersports, fishing boats and trailers, part of National Marine Manufacturers Association's 2023 U.S. Recreational Boating Statistical Abstract. The report examines retail unit sales for each category and by application, serving as the industry's go-to resource for historical data.

Mack Boring & Parts Co. announced today its partnership with Dutch manufacturer WhisperPower to exclusively distribute their full line of products in North and Central America. "We are very pleased to be bringing WhisperPower's compact generator technology to a wider recreational and commercial consumer base in the Americas," said Scott DuBrow, Director of Sales & Marketing, Mack Boring & Parts Co. "Our customers have been asking us for these products and we are confident they will be excited by the innovation and great value that WhisperPower provides."

Sialia Yachts is pleased to appoint the experienced team at Yacht Sales International as its dealer and distributor in the USA. The two companies will debut their collaboration at the upcoming Fort Lauderdale International Boat Show, held from October 30th to November 3rd, where they will showcase, among other models, the flagship vessel from the Sialia Yachts portfolio - the Sialia 57 Deep Silence.

Fortescue Zero has today announced its plans to begin operations at its U.S. Advanced Manufacturing Center in Detroit, by producing a HV Marine Battery Pack, made using its Scalable Battery Module technology. The standardised subpack has been designed, engineered and will be used by EVOA, a leader in the field of advanced marine propulsion, to power a range of luxury marine vessels, including wake boats and tenders.

TEMO has announced the creation of its subsidiary "TEMO USA Inc." in the United States (Delaware) with an operational unit in Portland, Maine. With a logistics center to manage goods and after-sales service, as well as sales offices with a dedicated team, the company is fully operational to accelerate the development of its brand in North America.

Taiga Motors Corporation announced this week that, in connection with the proceedings initiated in July under the Companies' Creditors Arrangement Act (Canada), the Superior Court of Québec has issued an order approving the acquisition of substantially all of the business of Taiga and its subsidiaries by Stewart Wilkinson.

To support the next generation of offshore Canadian sailors, the Canada Ocean Racing Be Water Positive Sailing Team proudly launched its inaugural Pathway Program on Georgian Bay, Ontario, Canada, from September 27-29. The program brought together four young sailors under the mentorship of Scott Shawyer, president/skipper, Ryan Barkey, boat captain, and Nick Moloney, CEO. Scott is currently training to compete in the solo non-stop round the world race, the Vendée Globe, in 2028.

WATCHIT's mission is clear: to prevent boating accidents, so that loss of lives and irreparable damage become things of the past. Their patented Smart Collision Prevention System gives boaters an unprecedented level of peace of mind while on the water. By seamlessly integrating with existing sensors and leveraging advanced AI algorithms, WATCHIT constantly scans the surroundings, identifies potential hazards, and provides real-time alerts to prevent collisions. This innovative solution eliminates the stress of sailing, allowing boaters to fully enjoy their recreational activities without compromising safety.

Midwest Women's Sailing Conference organisers are looking for a cover photo for 2025 conference materials. Do you have one you would like to share? The ideal picture shows faces and active sailing. Please send your photos by November 15.

More marine industry news at www.marinebusinessworld.com updated daily.

Stay energetic,
Peter Rendle - peter.rendle@worldmarine.media

Related Articles

Sydney and Melbourne show exhibitor updates
A summary of news relevant to businesses across Oceania Due to overwhelming demand, the organisers have unlocked additional outdoor space within Riverina Avenue for the Sydney Boat Show, taking place 14-17 August. If you've been waiting to come on board now is your chance. Posted on 10 Jul
Legislation passed supporting US industry growth
A summary of news relevant to marine businesses across North America On Friday, President Trump signed what he referred to as "one big beautiful bill": legislation that preserves key provisions from the 2017 Tax Cuts and Job Act (TCJA). These provisions will continue to support growth. Posted on 9 Jul
Excitement builds for Sydney Boat Show
A summary of news relevant to businesses across Oceania The ultimate indoor boating experience, Sydney Boat Show, will take over Sydney Showground, Sydney Olympic Park from 14 to 17 August for the first time. It is presented by the Boating Industry Association (BIA). Posted on 3 Jul
Letter aims to reduce harm to U.S. Manufacturing
A summary of news relevant to marine businesses across North America NMMA joined 29 leading industry associations in a letter to U.S. Commerce Secretary Howard Lutnick advocating for revisions to the Department of Commerce's implementation of Section 232 tariffs on steel, aluminum and related derivative products. Posted on 2 Jul
Despite world politics industry remains resolute
A summary of news relevant to marine businesses across North America As part of NMMA's continued advocacy efforts following the 2025 American Boating Congress (ABC), a group of NMMA leaders visited Capitol Hill last week to meet with Congressman Mike Collins (GA-10). Posted on 25 Jun
Sydney Boat Show indoor exhibitor space sold out
A summary of news relevant to businesses across Oceania With two months to go, indoor exhibition space for the 2025 Sydney Boat Show is sold-out, as brands and businesses secure their spot at the new look event, which is set to offer a comprehensive indoor marine showcase. Posted on 19 Jun
Boat Lagoon Yachting appoints Richard Allen CEO
Allen aims to "enhance client service, and deepen engagement with long-term yacht owners" Boat Lagoon Yachting has announced the appointment of Richard Allen as the new Chief Executive Officer of the company. Posted on 19 Jun
Major industry event updates in the USA and Europe
A summary of news relevant to marine businesses across North America The International BoatBuilders' Exhibition and Conference (IBEX), North America's premier technical trade event for the recreational marine industry announced today that registration for visitors is now open for this year's Show. Posted on 18 Jun
Awards to industry members dominate the news
A summary of news relevant to businesses across Oceania Andrew Chapman CMM, President of the Marina Industries Association (MIA), has been appointed as a Member of the Order of Australia (AM) in the King's Birthday Honours in recognition of his significant service to youth and the marina industries. Posted on 12 Jun
Room for industry optimism for the rest of 2025
A summary of news relevant to marine businesses across North America Despite varying economic factors across all states, the latest data from NMMA's Monthly Recreational Boating Industry Data Summary report offers a tempered view of the recreational boating market. Posted on 11 Jun