NMMA CANADA RELEASES FIRST TWO SECTIONS OF 2017 RECREATIONAL BOATING STATISTICAL ABSTRACT, REPORTS 4.7 PERCENT INCREASE IN NEW BOAT UNIT SALES

NMMA Canada

 

May 1, 2018

The National Marine Manufacturers Association (NMMA) Canada plans to release on May 2, 2018, the first two sections of the 2017 Canadian Recreational Boating Statistical Abstract – Economic Facts and Retail Markets (New Boats); the remaining sections will be released as the data becomes available. The reports are complimentary to download by NMMA members on NMMA.ca, and are also available for purchase by non-NMMA members.

“The Recreational Boating Statistical Abstract is one of the most significant member benefits NMMA offers and an important data resource for any industry stakeholder, as it provides critical insights and statistics year over year for Canada’s recreational boating industry,” noted Sara Anghel, president of NMMA Canada. “We are continuing to release the Abstract by section, so that data is more timely and valuable for those who reference it when assessing the Canadian recreational marine market and making critical business decisions.”

NMMA’s annual Canadian Recreational Boating Statistical Abstract is the most comprehensive collection of statistics on the Canadian recreational boating industry, containing thousands of data points and insights on the recreational boating industry. Of note in the 2017 edition, outlined in the Retail Markets’ section, is that total unit sales of new boats increased by 4.7 percent in 2017.

Other highlights from the Statistical Abstract’s first two sections include:

• Estimated retail dollar sales for new boats and outboard engines totaled about $2.3 billion in 2017, remaining about the same as 2016.
• In 2017, unit sales were up for the following boat categories: personal watercraft (up 12.8 percent), outboard boats (up 4.3 percent), sport jetboats (up 3.4 percent), and sailboats (up 2.0 percent).
• Outboard engine unit sales totaled 40,826 in 2017, up 2.8 percent from the previous year. Corresponding dollars were up 8.5 percent to $321.6 million.
• Outboard engine sales were up in nearly all provinces with growth led by Manitoba (up 6.7 percent), Ontario (up 5.4 percent) and British Columbia (up 5.2 percent). Together, these provinces accounted for 57.1 percent of outboard engine unit sales in 2017.
• Consumer confidence, which closely correlates to new boat sales, rose to 123.1 in December 2017, compared to 103.8 during the same month in 2016.
• Disposable income, a key economic indicator for new boat sales, was up a seasonally adjusted 4.4 percent through the fourth quarter of 2017.

The release schedule for the remaining sections of the 2017 Canadian Recreational Boating Statistical Abstract is:
• May: Pre-Owned Boat Market; Exports/Imports (Trade)
• June: Full Report (A compilation of all four sections)

As each 2017 Canadian Recreational Boating Statistical Abstract section is released, reports can be downloaded here within the Statistics section of nmma.ca. NMMA members receive unlimited complimentary access to the digital versions of each section as they’re available, in addition to the full compilation report, which will be released in June. The print edition of the full report can be pre-ordered here.

Please visit http://www.nmma.ca/statistics/ or contact curtilescu@nmma.org for more information.

Related Posts





Vote for Dorothy, BC’s Iconic Sailing Yacht, in the Classic Boat Awards 2024

CMRA

You are invited to support an historic, recently restored and refitted BC sailboat, Dorothy, by voting for her in a contest, the Classic Boat Awards 2024, run by the UK’s prestigious Classic Boat Magazine. The Maritime Museum of BC (MMBC), owner of this sleek, wooden vessel built in 1897, believes she’s the oldest sailboat in Canada. As she isn’t the only classic yacht in the running, you’re urged to go online and vote for her in the category of Restored Sailing Vessel under 40ft.

Read More




Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.



Even more BALIs at BALI

CATANA GROUP launches its 14th BALI CATAMARANS model, the BALI 5.8, for the brand’s 10th anniversary! Always bigger, always more powerful, always more… BALI!

This time, the new BALI 5.8 is completing the range from the top down.

Read More


Water heater offers dynamic heat source choices

Hubbell-Marine Stainless steel outlet covers
Hubbell-Marine Stainless steel outlet covers

After a long day on the water, having ample supplies of hot water for multiple showers and meal preparation is a welcome luxury. The 1700 Series Marine Water Heater from Raritan Engineering was created specifically for marine use. With a proven long-life design, it’s available with a 115V AC or 240V AC heating element, and the option to include an innovative heat exchanger that uses the vessel’s hot engine coolant.

Read More