Skip to main content

NMMA Canada study touts industry’s economic impact

The study’s release coincided with the fifth annual Recreational Boating Day on the Hill in Ottawa.

The National Marine Manufacturers Association Canada said a study showed that the recreational boating industry had estimated revenue of $10 billion in 2016 that generated $5.6 billion in gross domestic product and supported nearly 75,000 jobs in the country.

“This new economic impact data reinforces the importance of recreational boating in Canada and the significant contribution our industry makes to the Canadian economy,” NMMA Canada executive director Sara Anghel said in a statement. “Boating is a favorite pastime of millions of Canadians, and the 8.6 million boats on the water in Canada stimulate jobs, revenue and taxes.”

The study’s release coincided with the fifth annual Recreational Boating Day on the Hill in Ottawa. Day on the Hill is a gathering of leaders from all sectors of the Canadian recreational boating industry on Parliament Hill to advocate for 4,792 Canadian marine companies.

The annual legislative event provides the marine industry with an opportunity to communicate with Parliamentarians on key issues affecting recreational boating.

“Findings from this study provide vital boating data we can deliver directly to Parliamentarians to illustrate the important role recreational boating plays in the Canadian economy and lends further support to our industry efforts to protect and grow recreational boating in Canada,” Anghel said.

The study, The Economic Impact of Recreational Boating in Canada: 2016, defines the core recreational boating industry as boat and accessory manufacturers, boat and accessory dealers, marina operators, repair and maintenance shops, schools and boat clubs and other related companies.

The study was conducted by Hickling Arthurs Low on behalf of NMMA Canada and in cooperation with the recreational boating industry’s national marketing program, Discover Boating Canada and Canada’s regional marine trades associations. The complete study is available for NMMA members at nmma.org and nmma.ca.

Highlights include:

  • The core recreational boating industry was directly and indirectly responsible for $10 billion in revenues in 2016, a 12.4 percent increase from 2012.
  • That revenue contributed $5.6 billion to Canada’s GDP in 2016, a 12 percent increase from 2012.
  • The core boating industry supports about 75,000 jobs, generating $2.9 billion in annual salaries and wages, an 11.5 percent increase from 2012.
  • The economic activity supported by the core recreational boating industry contributes $868 million in annual taxes and subsidies to Canada’s economy, a 12.1 percent increase from 2012.
  • Forty-three percent of Canadians went boating in 2016.
  • Canadians own about 8.6 million boats.

Related

norm

Can Our Customers Get High When They Eat Fish?

A recent study found that dozens of pharmaceuticals are turning up in fish. The culprit: wastewater facilities that can’t remove medicines that the human body doesn’t process.

1_REDSNAPPER

NOAA Announces Two-Day Red Snapper Season

The strict, two-day July season is the result of a “management regime based on guesses that is penalizing the success of this rebuilding stock,” according to the Center for Sportfishing Policy.

1_MERCURYBAILEY

Mercury Hires VP for Electrification

The company said Perissa Millender Bailey will lead its strategy for electric propulsion and the Mercury Avator outboard.

1_PULSEPINGMAY

DEALERS: Tell Us Your Sustainability Practices

The latest Pulse Report survey asks about clean energy and other environmentally friendly policies. Take the survey here.

1_Q&A_KEVINWILLIAMS

Q&A with Kevin Williams

Kevin Williams of the NMMA is helping the recreational marine industry deploy strategies to achieve diversity, and to recognize diversity’s importance to the bottom line.

AdobeStock_184647372

Tax-Planning Considerations for Manufacturers

Tax-planning strategies that manufacturers should be aware for this year

1_PULSEREPORT

Lack of Inventory Frustrates Dealers

Inventory of new and used boats continues to be difficult for dealers