Analysis sees steady increase in boat demand

Author:
Updated:
Original:

The latest analysis from the Cleveland-based market research firm Freedonia Group predicts an industry rebound from depressed 2009 boat sales with demand rising 9.3 percent annually to $10.1 billion in 2014.

Gains will come from a combination of increased consumer spending and disposable income coupled with a recovery in financial markets and a loosening in credit access, according to The Freedonia Group.

Click here for the full release.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.