Publish date:

NMMA’s Dammrich gives state of the industry address to Congress

NMMA president Thom Dammrich told politicians that the marine industry is maintaining a growth phase.

NMMA president Thom Dammrich told politicians that the marine industry is maintaining a growth phase.

Americans bought $9 billion of new boats in 2016, and another $9 billion of preowned boats.

“The total amount of money Americans directly spent on recreational boating reached all-time high in 2016 of $36 billion,” said National Marine Manufacturers Association president Thom Dammrich in a state-of-the-industry address he gave last week on Capitol Hill.

That includes the $18 billion on boats themselves, another $6 billion for accessories, and the balance on insurance, finance, storage, and all the other things that go along with the boating industry, Dammrich said in a video taken of the address.

The industry is in its sixth year of growth, increasing by 6 percent last year, and the NMMA expects the growth to continue for another couple of years despite the traditional cycle lasting around five years.

Check out the whole video here.

“The industry today is doing very well, and sales are beginning to accelerate,” Dammrich said in another video of the talk.

Generally Dammrich gives the state-of-the-industry address at the Progressive Miami International Boat Show’s Innovation Breakfast, but this year is taking a new approach as he welcomes Department of the Interior Secretary Ryan Zinke, according to the NMMA.

Check out his slide deck here.


‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Held This Weekend

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.

NMMA Announces Hall of Fame Inductees

Regulator Marine’s Joan Maxwell and Bill Watters of Syntec Industries will be honored at IBEX.

Brunswick Acquires SemahTronix

The supplier of wiring harnesses and other electrical assemblies will be part of Brunswick’s growing Advanced Systems Group.