Skip to main content

Water-sports Boats drove 2018 growth

Towboats and PWC dominated 2018 growth.

Towboats and PWC dominated 2018 growth.

Personal watercraft remained the most popular vessel for water sports in 2018, accounting for more than 43 percent of the retail market share, with sales rising 11 percent for the year.

PWC, pontoons and towboats accounted for 96.1 percent of the additional units sold in 2018. Towboat sales rose 11 percent, PWC were up 8 percent and pontoons grew 5 percent, according to the National Marine Manufacturers Association’s U.S. Recreational Boating Statistical Abstract.

Fishing boat sales continued to grow at a moderate rate, up 1 percent. Midsize inboard and sterndrive cruiser sales were flat in 2018, following two years of growth. Trailer sales were up 4 percent.

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.