recreational boating industry statistics

Contents summary. The report foresees a 3.8% CAGR from 2019 to 2025. NMMA Members receive complimentary access to … The 2019 ICOMIA Recreational Boating Industry Statistics Book, as the only product of its kind, provides a wealth of industry intelligence in one useful reference document. The NMMA Statistics and Research Department provides members and industry stakeholders with the latest recreational boating industry forecasts, market data, research and trends. Currently, recreational boating industry represents only a small fraction of the global leisure industry; however its share is expected to increase in the coming years. It also employs about 75,000 people across Canada. ICOMIA Recreational Boating Industry Statistics. It’s the comprehensive, accurate data you need to monitor the marine marketplace and make informed business decisions. The International Council of Marine Industry Associations (ICOMIA) has released the latest edition of its Recreational Boating Industry Statistics Book, now available at no charge to NMMA members. The fatality rate was 5.3 deaths […] Recreational Boating Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021. When the country was in the grip of a major economic crisis in the last decade, the U.S. recreational boating industry initially took a hard hit. According to the report, the recreational boating industry generated $170.3 billion in economic activity in 2018, supporting more than 35,000 businesses and … of recreational boating is among the insights documented in the latest version of Recreational Boating Industry Statistics 2016, produced by the International Council of Marine Industry Associations (ICOMIA). ICOMIA's Recreational Boating Industry Statistics publication provides a wealth of industry market intelligence across over 20 international marine markets, from industry and sector revenue, and statistics on boat and engine production to trends in boating participation and ownership. xThe fatality rate was 5.3 deaths per 100,000 registered recreational vessels. The recreational boats market is dominated by Brunswick (USA), Groupe Beneteau (France), Azimut Benetti (Italy), Sunseeker International Limited (UK), Ranger boats (USA), Tracker Boats (USA), Lund Boats (USA), Marine Product Corporation (USA), Bennington Marine LLC (USA), Hobie Cat Company (USA), Ferretti Group (Italy), Bavaria Yachtbau (Germany), Godfrey Pontoon Group (USA), Catalina Yachts (USA), and Mahindra Odyssea (India). The prime goal of the market study is to give a detailed assessment of the recreational boating business based on type, sector as well as geography. The NMMA said improving safety on the water is a key pillar of NMMA’s mission and works closely with the U.S. Coast Guard to advance these efforts. This annual summary of national statistics from ICOMIA’s Marine Industry Associations (MIAs) includes information from 26 countries, which between them represent the majority of the world’s recreational boating industry. Recreational Boating by the Numbers. The U.S. Coast Guard recently released its 2015 Recreational Boating Statistics report. xIn 2015, the Coast Guard counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. Foundation and Recreational Boating & Fishing Foundation have teamed up to produce the Special Report on Fishing to provide a comprehensive look at overall trends in participation as well as detailed information on specific fishing categories. Recreational Boating Market size valued at over USD 20 billion in 2017 and is estimated to exhibit approx. According to the European Boating Industry (EBI), about 6 million boats were owned by consumers across Europe and nearly 36 million consumers regularly indulged in recreational activities. The majority of them — 62 percent — have household incomes under $100,000. The global recreational boating market size will reach $57 billion in 2025, growing at a CAGR of 12% during 2020-2025. The industry analysis report recreational boating market, which will help to expand operations in the existing markets. Latest report by Value Market Research expects the Global Recreational Boating Market to reach USD 14.8 billion by 2025. Recreational Boating Industry Statistics 2014 ICOMIA brings together national boating federations in one global organisation and represents them at an international level, presenting a strong and united voice when dealing with issues challenging the industry. The trade association’s ever-broadening membership is estimated to represent more than Canadian Recreational Boating Statistical Abstract. Annual U.S. retail sales of new boats, marine engines and marine accessories totaled $20.1 billion in 2017, an increase of 9.5 percent. The recreational boating industry continues to attract large volumes of participants competing strongly with rival luxury leisure pursuits. No less than 35 national federations across the world are full members of ICOMIA today. Statistics indicate that over 87 million adults participate in recreational boating in the U.S. and engage in travelling by boat, sports activities or fishing. This report is produced by the International Council of International … Travel and tourism activities have witnessed an upsurge across the globe owing to increased disposable income, majorly contributing to the This industry was hit hard during global recession as demand in major markets such as the US and Europe suffered a negative impact during economic slowdown. U.S. Recreational Boating Statistics 2019 6 2019 EXECUTIVE SUMMARY In 2019, the Coast Guard counted 4,168 accidents that involved 613 deaths, 2,559 injuries and approximately $55 million dollars of damage to property as a result of recreational boating accidents. Title: Global Recreational Boating Industry Statistics, Analysis & Forecast To 2024 1 Recreational Boating Market Trends, Growth Forecast, 2017 - 2024 2 Key Insights from Recreational Boating Market. The Canadian Recreational Boating Statistical Abstract is the most complete collection of facts and figures available for the marine industry in Canada. This section provides information relating to employment and unemployment in arts, entertainment, and recreation. INDUSTRY INSIGHTS. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. NMMA also announced that the recreational boating industry contributes an estimated $170.3 billion in economic activity to the U.S. economy, an increase of approximately $49 billion since the last time the association reported economic impact in 2012. The 2019 ICOMIA Recreational Boating Industry Statistics Book, as the only product of its kind, provides a wealth of industry intelligence in one useful reference document. The average age an individual has their first boating experience is 12 years old. The key strategies adopted by major companies to sustain their positio… For a further look at the state of the U.S. recreational boating industry, below are key statistics that provide insights on the industry… Get more details on this report - Request Free Sample PDF Outboard boats dominated the product segment Insights include motivations, barriers and preferences of key groups. Americans are taking to the water: 141.6 million Americans (adults & … U.S. The International Council of Marine Industry Associations (ICOMIA) has released the latest edition of its Recreational Boating Industry Statistics. Amusement, Gambling, and Recreation Industries: NAICS 713; Workforce Statistics. The global recreational boating market is expected to reach an estimated $ 30.0 billion by 2022 and it is forecast to grow at a CAGR of 3.8% from 2017 to 2022. The industries foremost statistical reference for recreational boating. The research report provides insights into the recreational boating market size and forecast, share, industry trends, growth drivers, and vendor analysis. Europe and North America hold the largest recreational boating market share. The U.S. Coast Guard released its 2018 Recreational Boating Statistics Report Tuesday, revealing that there were 633 boating fatalities nationwide in 2018, a 3.8 percent decrease from 2017.. From 2017 to 2018, overall recreational boating injuries also decreased 4.5 percent (2,629 to 2,511), and the total number of accidents decreased 3.4 percent (4,291 to 4,145). Choose License. The industries foremost statistical reference for recreational boating. It was valued USD 11.4 billion in 2018. Recreational Boating Industry Statistics 2018. The report also The 2016 Recreational Boating Participation Study showed that an estimated 142 million Americans went boating in 2016 — that’s 36 percent of households in the United States. Total recreational marine expenditures reached a high of $39 billion in 2017, up 6.5% from 2016. This Canadian pastime brings more than 12 million people together on the water every year, generates over $10 billion in revenues and has a GDP impact of $5.6 billion. It is available for download (PDF). Here is a summary of the findings: In 2015, the Coast Guard counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. The recreational boating industry is expected to take one-third of the total sales seen in the future, with more than $10 billion and an annualized increase of 8%. An estimated 262,000 new powerboats were sold in 2017, an increase of 4.7 percent compared to 2016. The fatality rate was 5.2 deaths per 100,000 registered recreational vessels. The annual ICOMIA Statistics Book provides a wealth of industry intelligence, including key data and analysis from the NMMA and other marine industry associations from around the globe. These statistics are indicative of lucrative prospects for recreational boating market’s growth in Europe. Global Market Study on Inflatable Boats: Increase in Recreational Boating Activities Aiding Market Growth July 2020 $ 4900 Recreational Boats Market by Boat Type, Power source, Activity Type, Distribution Channel And Region - Global Forecast to 2027 May 2019 $ 4950 Global Leisure Boats Industry It is estimated that there are at least 140 million active boaters and watersports participants worldwide, including almost 100 million across the United States and Canada, a further 36 million across Europe and more than 5 million in Australia. … Despite this strength, it is important to note that the current boating industry is still only about 65% of what it was in 2006. 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