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

Published in the September 2012 Issue Published online: Sep 04, 2012 Ask The Expert
Viewed 171 time(s)
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.

You May Also Be Interested In...

September 05, 2013

Q&A: Horsepower to Pull Tubes Behind My 24-foot Pontoon

How much horsepower would I need if I wanted to pull tubes behind my 24-foot pontoon?
September 07, 2012

Make Fast

When you go through the drive thru at the local fast food place and order a dozen burgers off the value menu and the bag is waiting for you before you
September 07, 2012

Multi-tasking Pontoon Boats

Shreveport and Bossier City, La., hosted the 2012 Annual Bassmaster Classic in grand style this year on the Red River, which separates the two cities.
September 07, 2012

The Doodle Boat

My husband, John, and I are not extravagant people.
September 07, 2012

Product Test: Costa Del Mar

You've gotta love a product that is described as the "go-anywhere, do-anything" type of sunglasses.
September 07, 2012

Product Test: Delta Dueler II

During most boating trips, especially on those hot summer days, you tend to find the sandbar sooner rather than later.
Follow us on Facebook!  Follow us on Instagram!  Follow us on Twitter!  Follow us on YouTube!