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recreational boating industry statistics

The industries foremost statistical reference for recreational boating. The research report provides insights into the recreational boating market size and forecast, share, industry trends, growth drivers, and vendor analysis. According to the report, the recreational boating industry generated $170.3 billion in economic activity in 2018, supporting more than 35,000 businesses and … It is available for download (PDF). An estimated 262,000 new powerboats were sold in 2017, an increase of 4.7 percent compared to 2016. Get more details on this report - Request Free Sample PDF This annual summary of national statistics from ICOMIA’s Marine Industry Associations (MIAs) includes information from 26 countries, which between them represent the majority of the world’s recreational boating industry. These statistics are indicative of lucrative prospects for recreational boating market’s growth in Europe. Recreational Boating Industry Statistics 2014 ICOMIA brings together national boating federations in one global organisation and represents them at an international level, presenting a strong and united voice when dealing with issues challenging the industry. Foundation and Recreational Boating & Fishing Foundation have teamed up to produce the Special Report on Fishing to provide a comprehensive look at overall trends in participation as well as detailed information on specific fishing categories. The key strategies adopted by major companies to sustain their positio… Outboard boats dominated the product segment The prime goal of the market study is to give a detailed assessment of the recreational boating business based on type, sector as well as geography. The International Council of Marine Industry Associations (ICOMIA) has released the latest edition of its Recreational Boating Industry Statistics. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. Insights include motivations, barriers and preferences of key groups. For a further look at the state of the U.S. recreational boating industry, below are key statistics that provide insights on the industry… ICOMIA Recreational Boating Industry Statistics. The annual ICOMIA Statistics Book provides a wealth of industry intelligence, including key data and analysis from the NMMA and other marine industry associations from around the globe. It also employs about 75,000 people across Canada. The industries foremost statistical reference for recreational boating. Recreational Boating Industry Statistics 2018. It was valued USD 11.4 billion in 2018. The U.S. Coast Guard released its 2018 Recreational Boating Statistics Report last week, revealing that there were 633 boating fatalities nationwide in 2018, a 3.8 percent decrease from 2017. Recreational Boating Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021. NMMA also announced that the recreational boating industry contributes an estimated $170.3 billion in economic activity to the U.S. economy, an increase of approximately $49 billion since the last time the association reported economic impact in 2012. Annual U.S. retail sales of new boats, marine engines and marine accessories totaled $20.1 billion in 2017, an increase of 9.5 percent. This report is produced by the International Council of International … Europe and North America hold the largest recreational boating market share. ICOMIA's Recreational Boating Industry Statistics publication provides a wealth of industry market intelligence across over 20 international marine markets, from industry and sector revenue, and statistics on boat and engine production to trends in boating participation and ownership. … Contents summary. The majority of them — 62 percent — have household incomes under $100,000. It’s the comprehensive, accurate data you need to monitor the marine marketplace and make informed business decisions. Title: Global Recreational Boating Industry Statistics, Analysis & Forecast To 2024 1 Recreational Boating Market Trends, Growth Forecast, 2017 - 2024 2 Key Insights from Recreational Boating Market. Travel and tourism activities have witnessed an upsurge across the globe owing to increased disposable income, majorly contributing to the The global recreational boating market size will reach $57 billion in 2025, growing at a CAGR of 12% during 2020-2025. Recreational Boating Statistics 2019 6 2019 EXECUTIVE SUMMARY In 2019, the Coast Guard counted 4,168 accidents that involved 613 deaths, 2,559 injuries and approximately $55 million dollars of damage to property as a result of recreational boating accidents. The fatality rate was 5.2 deaths per 100,000 registered recreational vessels. Recreational Boating by the Numbers. of recreational boating is among the insights documented in the latest version of Recreational Boating Industry Statistics 2016, produced by the International Council of Marine Industry Associations (ICOMIA). 4.5% CAGR from 2018 to 2024. xThe fatality rate was 5.3 deaths per 100,000 registered recreational vessels. xIn 2015, the Coast Guard counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. The recreational boating industry is a major contributor to the Canadian economy. The industry analysis report recreational boating market, which will help to expand operations in the existing markets. The report foresees a 3.8% CAGR from 2019 to 2025. It is estimated that there are at least 140 million active boaters and watersports participants worldwide, including almost 100 million across the United States and Canada, a further 36 million across Europe and more than 5 million in Australia. Currently, recreational boating industry represents only a small fraction of the global leisure industry; however its share is expected to increase in the coming years. The recreational boating industry is expected to take one-third of the total sales seen in the future, with more than $10 billion and an annualized increase of 8%. U.S. The fatality rate was 5.3 deaths […] Global Market Study on Inflatable Boats: Increase in Recreational Boating Activities Aiding Market Growth July 2020 $ 4900 Recreational Boats Market by Boat Type, Power source, Activity Type, Distribution Channel And Region - Global Forecast to 2027 May 2019 $ 4950 Global Leisure Boats Industry No less than 35 national federations across the world are full members of ICOMIA today. The International Council of Marine Industry Associations (ICOMIA) has released the latest edition of its Recreational Boating Industry Statistics Book, now available at no charge to NMMA members. According to the European Boating Industry (EBI), about 6 million boats were owned by consumers across Europe and nearly 36 million consumers regularly indulged in recreational activities. The 2019 ICOMIA Recreational Boating Industry Statistics Book, as the only product of its kind, provides a wealth of industry intelligence in one useful reference document. Statistics indicate that over 87 million adults participate in recreational boating in the U.S. and engage in travelling by boat, sports activities or fishing. Americans are taking to the water: 141.6 million Americans (adults & … U.S. The average age an individual has their first boating experience is 12 years old. The NMMA said improving safety on the water is a key pillar of NMMA’s mission and works closely with the U.S. Coast Guard to advance these efforts. The 2016 Recreational Boating Participation Study showed that an estimated 142 million Americans went boating in 2016 — that’s 36 percent of households in the United States. This Canadian pastime brings more than 12 million people together on the water every year, generates over $10 billion in revenues and has a GDP impact of $5.6 billion. Choose License. Here is a summary of the findings: In 2015, the Coast Guard counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. Recreational Boating Market size valued at over USD 20 billion in 2017 and is estimated to exhibit approx. When the country was in the grip of a major economic crisis in the last decade, the U.S. recreational boating industry initially took a hard hit. The Canadian Recreational Boating Statistical Abstract is the most complete collection of facts and figures available for the marine industry in Canada. This industry was hit hard during global recession as demand in major markets such as the US and Europe suffered a negative impact during economic slowdown. Latest report by Value Market Research expects the Global Recreational Boating Market to reach USD 14.8 billion by 2025. The trade association’s ever-broadening membership is estimated to represent more than Amusement, Gambling, and Recreation Industries: NAICS 713; Workforce Statistics. The NMMA Statistics and Research Department provides members and industry stakeholders with the latest recreational boating industry forecasts, market data, research and trends. The 2019 ICOMIA Recreational Boating Industry Statistics Book, as the only product of its kind, provides a wealth of industry intelligence in one useful reference document. The global recreational boating market is expected to reach an estimated $ 30.0 billion by 2022 and it is forecast to grow at a CAGR of 3.8% from 2017 to 2022. The U.S. Coast Guard recently released its 2015 Recreational Boating Statistics report. The report also The U.S. Coast Guard released its 2018 Recreational Boating Statistics Report Tuesday, revealing that there were 633 boating fatalities nationwide in 2018, a 3.8 percent decrease from 2017.. From 2017 to 2018, overall recreational boating injuries also decreased 4.5 percent (2,629 to 2,511), and the total number of accidents decreased 3.4 percent (4,291 to 4,145). The recreational boating industry continues to attract large volumes of participants competing strongly with rival luxury leisure pursuits. Canadian Recreational Boating Statistical Abstract. INDUSTRY INSIGHTS. This section provides information relating to employment and unemployment in arts, entertainment, and recreation. NMMA Members receive complimentary access to … Despite this strength, it is important to note that the current boating industry is still only about 65% of what it was in 2006. Total recreational marine expenditures reached a high of $39 billion in 2017, up 6.5% from 2016. The recreational boats market is dominated by Brunswick (USA), Groupe Beneteau (France), Azimut Benetti (Italy), Sunseeker International Limited (UK), Ranger boats (USA), Tracker Boats (USA), Lund Boats (USA), Marine Product Corporation (USA), Bennington Marine LLC (USA), Hobie Cat Company (USA), Ferretti Group (Italy), Bavaria Yachtbau (Germany), Godfrey Pontoon Group (USA), Catalina Yachts (USA), and Mahindra Odyssea (India). To expand operations in the existing markets 262,000 new powerboats were sold in,! Foremost statistical reference for recreational boating market size valued at over USD 20 billion in and... Outboard boats dominated the product segment the industries foremost statistical reference for boating! 5.2 deaths per 100,000 registered recreational vessels ; Workforce Statistics of 4.7 percent compared 2016... Market Research expects the global recreational boating market, which will help expand! 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