|

NEW NMMA STUDY SHOWS RECREATIONAL BOATING CONTRIBUTED $10 BILLION TO CANADA’S ECONOMY IN 2016

NMMA Canada

May 14, 2017

NMMA Canada Touts New Economic Impact Data During Recreational Boating Day on the Hill.

The National Marine Manufacturers Association (NMMA) Canada announced this week, the release of a new study outlining the economic impact of recreational boating in Canada. In 2016, the influence of the recreational boating industry in Canada resulted in revenues estimated at $10 billion that generated $5.6 billion in GDP and supported nearly 75,000 jobs throughout the country. 

“This new economic impact data reinforces the importance of recreational boating in Canada and the significant contribution our industry makes to the Canadian economy,” said Sara Anghel, executive director of NMMA Canada. “Boating is a favourite pastime of millions of Canadians and the 8.6 million boats on the water in Canada stimulate jobs, revenue and taxes.”

The study’s release coincides with the fifth annual Recreational Boating Day on the Hill in Ottawa. Day on the Hill is a gathering of leaders from all sectors of the Canadian recreational boating industry on Parliament Hill to advocate on behalf of the industry’s 4,792 Canadian marine companies. The annual legislative event provides the marine industry an opportunity to communicate with Parliamentarians on key issues impacting recreational boating.

Noted Anghel, “Findings from this study provide vital boating data we can deliver directly to Parliamentarians to illustrate the important role recreational boating plays in the Canadian economy, and lends further support to our industry efforts to protect and grow recreational boating in Canada.”

Highlights from the study include:
• The core recreational boating industry was directly and indirectly responsible for $10 billion in revenues in 2016, a 12.4% increase from 2012
• Those revenues contributed $5.6 billion to Canada’s GDP in 2016, a 12% increase from 2012
• The core recreational boating industry supports approximately 75,000 jobs, generating $2.9 billion in annual salaries and wages, an 11.5% increase from 2012
• The economic activity supported by the core recreational boating industry contributes $868 million in annual taxes and subsidies to Canada’s economy, a 12.1% increase from 2012
• Forty-three per cent of Canadians went boating in 2016
• Canadians own approximately 8.6 million boats

The study titled, The Economic Impact of Recreational Boating in Canada: 2016, defines the core recreational boating industry as boat and accessory manufacturers, boat and accessory dealers, marina operators, repair and maintenance shops, schools and boat clubs, and other related companies.

The study was conducted by Hickling Arthurs Low on behalf of NMMA Canada and in cooperation with the recreational boating industry’s national marketing program, Discover Boating Canada Canada, and Canada’s regional marine trade associations.

“NMMA is a trusted source for recreational boating statistics and we hope our members and industry stakeholders will find the valuable insights in this new economic impact study helpful to their businesses,” added Anghel.

The complete study is now available for NMMA members to download at www.nmma.org and www.nmma.ca.

 

Related Articles





Canada’s Marine Retailers Band Together to Form New Canadian Marine Retailers Association

CMRA

The provincial marine associations from across the country, collectively representing over 80,000 jobs and $9.2B in national annual economic impact, announced the formation of a new national association whose mandate will be to represent the interests of recreational boating including recreational boat retailing and brokering, boat and engine & trailer sales, accessories, slip rentals, service, storage, fuel sales and more. Headquartered in Penetanguishene, Ontario, the newly formed Canadian Marine Retailers Association (CMRA) will focus on national issues facing the sector.

“The formation of a national voice to address the many aspects of our sector that affect the jobs and lives of Canadians from coast to coast is something many of our provincial associations have been calling for, for years,” says Brett Ramsey, President of Boating Ontario. “This is a positive step to ensuring issues facing our sector are represented to decisionmakers in the federal government.” 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.



Just Launched

No posts


Five Impressive Features of the New Marex 440 Cruiser

The Marex 440 Cruiser is a beacon of innovation, representing the newest generation of cruisers embellished with modern design lines and groundbreaking innovations. Spanning a length of 13.70 metres and flaunting a maximum beam of 4.27 metres, this elegant vessel is destined to become the jewel of the Marex brand. Here, we explore five key aspects of the Marex 440 that redefine the cruising experience.

1. Diverse Modifications: The Marex 440 is available in two distinctive modifications: the 440 Gourmet Cruiser, boasting a vast U-shaped kitchen layout, and the 440 Scandinavia Version, featuring an additional enclosed salon for dining. These modifications are meticulously designed to offer a versatile cruising experience, whether you prefer an expansive kitchen or an additional dining space, catering to diverse preferences and lifestyle needs. READ MORE


Stainless steel outlet covers built for harsh weather

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

Stainless steel combines long-lasting corrosion resistance with an attractive, classic appearance to enhance any deck. That’s why Hubbell Marine uses it in its premium Stainless Steel Flip Covers to protect electrical terminals from impacts, weather, even curious children and pets.

Both styles of Hubbell Marine Stainless Steel Flip Covers, and associated hinge pins, springs and mounting hardware, are built from heavy-duty polished 316 stainless steel. The easy-to-clean covers are enhanced by durable elastomer base gaskets and EVA back gaskets for weatherproof reliability. READ MORE