NMMA REPORTS: BOAT BUILDERS FACING HURDLES AS THEY WORK TO FILL BACKORDERS

Manufacturing Backorders

Apr 6, 2021

In their March 26th newsletter, the NMMA reported that 2020 was both a historic year for retail boat sales and a disruptive year for boat builders working to meet the heightened demand and replenish record low inventories amid challenges caused by the COVID-19 pandemic. According to NMMA’s latest Monthly Shipment Report, wholesale shipments of new powerboats during December gained momentum compared to November to close out 2020 down 15% for the year compared to 2019.

Of note in the December Monthly Shipment Report, manufacturing of personal watercraft, outboard boats, jet boats and sterndrive boats ramped up in December, boosting powerboat wholesale shipments up 17% compared to November. However, current inventory levels are tracking 20%-60% below normal levels.

“Boat builders are shipping approximately 20,000 new boats monthly and operating at 13% above normal levels to restock anemic inventories ahead of peak selling season,” said Vicky Yu, NMMA’s Director of Business Intelligence. “Continued supply chain disruption and workforce issues, combined with an average order backlog of up to six months, will challenge manufacturers to keep up with new orders through at least 2021.”

ITR Economics’ January 2021 forecast on boat building production is also available on NMMA.org. The latest report projects that by the end of 2021, boat production in the U.S. will steadily rebound through 2021 and remain at near 2019 production levels through 2023.

“Wholesale shipments of new powerboats are currently outpacing growth in ITR Economics latest forecast an average of 12% with an encouraging uptick in shipments in December,” noted Yu. “We expect production levels to ebb and flow this year as manufacturers work to get back up to speed and supplier deliveries stabilize. A lot will depend on what type of buying activity we see this spring and summer as things start to open up.”

Related Posts





Four Winns’ new H9 is stunning!

CMRA

As of July 1st, 2024 the embargo is lifted on the photos and information about Four Winns’ new H9 model and it is stunning!

About a month ago, I traveled to Charlevoix, MI for a special press event to introduce the H9 to a small group of journalists. The water and the weather were a bit cool but the sun was out and Lake Charlevoix was calm and the Four Winns H9 was very impressive. This is a 29-foot 11-inch luxury day boat with a 9- foot 2-inch beam and it features a fabulous expansive flat floor all the way from the bow rider area to the transom and the swim platform.

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.



KingFisher Boats Introduces Next-Generation 3025 XRS and 2725 XRS Offshore Models

KingFisher Boats, renowned for their rugged and versatile adventure boats, proudly announces the launch of their latest models – the 3025 XRS and 2725 XRS. These new additions to the Offshore Series epitomize innovation, performance, and luxury, setting a new benchmark in the world of welded heavy-gauge aluminum boats. 

Read More


Accessories keep portable sealer in peak working order

Hubbell-Marine Stainless steel outlet covers

The ultra-light ROAM 18-V Portable Vacuum Sealer revolutionized how fishermen, hunters and outdoorsmen preserve the flavors of wild-caught and harvested food. Now, PacBak offers replacement bags, a spare battery and a performance refresh kit to keep the innovative device in peak working order.

Read More