Gayle Falkenthal for Communities Digital News recently highlighted some eye-opening statistics on the role recreational boating plays in the United States economy.
“Recreational boating in the United States alone is a $35 billion industry and creates 338,526 marine industry jobs in manufacturing, dealers/wholesalers, services and supplies at 34,833 marine industry businesses,” Falkenthal notes.
Positive trends in the boating industry are an indication of a recovering economy and good news for the manufacturing industry as a whole.
“The housing market has improved, consumer confidence has steadily increased the last two years, and consumer spending is on the rise—all factors that are helping to fuel stable growth for the U.S. recreational boating industry and further sales in 2013,” said Thom Dammrich, president of the National Marine Manufacturers Association (NMMA).
Perhaps the most promising numbers Falkenthal shares are that three-quarters of all boat owners have a household income of less than $100,000 and those boat owners are buying mostly U.S. made products as 93 percent of boats sold in the U.S. are U.S. made.
Boat show attendance serves as another gauge of growth. The Progressive International Miami Boat Show reported 102,000 attendees in 2013 and expect even more for the upcoming show February 13 through 17.
Read the full article in Communities Digital News.