Boating industry had $33.6-billion impact on U.S. economy

CHICAGO, Ill. – The National Marine Manufacturers Association (NMMA) reported in its 2008 Recreational Boating Statistical Abstract, released this week, that there are more than 17 million recreational boats on the water, of which nearly 95 percent are less than 26 feet in length.

In addition, the abstract suggests 76 percent of boat owners have a household income less than $100,000 per year.

Other highlights from the NMMA’s data include:

  • The U.S. recreational boating industry contributed $33.6 billion to the U.S. economy in 2008
  • The average price of a new outboard boat, engine and trailer package in 2008 was $29,388
  • May, June and July were the most active months for boat sales in 2008
  • Adult participation in boating increased six percent to an estimated 70.1 million from 66.4 million
  • There were 704,820 new boats sold in 2008 (including powerboats, sailboats, canoes, kayaks and personal watercraft)
  • There were 203,00 new powerboats sold in 2008 for a dollar value of $7.6 billion
  • The abstract highlights boating sales and participation data compiled on behalf of the recreational boating industry throughout calendar year 2008.

    “The 2008 Recreational Boating Statistical Abstract is one of our industry’s most comprehensive summaries of statistics and provides an in-depth look at boating trends, how the industry fared in 2008 as well as its impact on the national economy,” said James Petru, NMMA director of industry statistics and research. “We expanded this year’s Abstract to include the Boating Access Surveillance and Indexing System (BASIS) which measures changes in boating access and will be crucial data for us to continue analyzing moving forward.”

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