Report: U.S. boating industry will exceed $10 billion by 2016

Published in the September 2012 Issue September 2012 Ask The Expert
The U.S. recreational boating industry is finally growing, but those hoping for an eventual return to pre-recession sales numbers will need to adjust to what is commonly called the "new normal," according to a recent report by The Freedonia Group.

The report said a rebound from the depths seen in 2010 has started, but the bounce back will not occur as quickly as seen in past downturns. By 2016, the U.S. recreational boating

industry will grow eight percent to $10.1 billion-approximately $5 billionless than the industry's peak in 2006, the report projects.

Boat sales are projected to grow 9.8 percent from 2011 to 2016 to $6.8 billion. Propulsion system sales are expected to grow 6.2 percent to $2.16 billion. And accessories sales are expected to grow 2.7 percent to $1.14 billion.

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