Boat manufacturing momentum slows in September
The NMMA reports new boat manufacturing activity in September pulled back for the second consecutive month following a summer of elevated growth, according to its latest Monthly Shipment Report (MSR).
However, the NMMA expects shipments to rebound as new parts are delivered to fulfill the demand for new boats.
“While September saw slowdowns in wholesale boat shipments, more than 90,000 boats – up 4% year over year – were built and shipped July through September. This led to lower supply inventories that constrained further output,” noted Vicky Yu, NMMA’s director of business intelligence. “We expect shipments will pick up as supplies are replenished, which reflects initial data coming in for October, showing an easing of supply chain constraints. This is encouraging news, as manufacturers are working to meet the influx of new orders for boats in response to the heightened demand and interest in boating.”
Highlights from the September MSR include:
- New boat manufacturing activity in September pulled back for the second consecutive month, tracking at near normal levels compared to 2019.
- Year to date, new boat shipments are down 13% through September on a seasonally adjusted basis.
Access to the MSR is free to member companies that participate in the MSR program, which represents 82% of the market by NMMA’s control group of manufacturers.
If you’re a boat builder and member of NMMA, you may be eligible to enroll and receive free access to the wholesale shipment data, additional data analytics and the New Powerboat Registrations Report.
