NMMA Industry reports available for member download - MarineBusinessWorld North America newsletter
by Peter Rendle 10 Sep 16:00 BST
NMMA's 2024 U.S. Recreational Boating Statistical Abstract © National Marine Manufacturers Association
The latest report on cruiser, water sport, fishing boat and trailer sales trends, part of the National Marine Manufacturers Association's (NMMA) U.S. Recreational Boating Statistical Abstract, is now available for member download.
The report examines retail unit sales for each category and by application. In 2024, there were more than 238,000 new powerboats sold. In the water sports category, personal watercraft led with 70,704 units, with three-passenger models at the top, while inboard wake sport boats added 8,867 units.
The Boat and Engine Exports and Imports section of NMMA's U.S. Recreational Boating Statistical Abstract is also available for member download, with a comprehensive look at marine trade flows and shifts in global demand for American-made products. The 2024 report examines recent and historical trade data on the different categories of recreational boats and marine engines imported to and exported from the U.S.
The International BoatBuilders' Exhibition and Conference (IBEX), North America's premier technical trade event for the recreational marine industry, announced the esteemed list of judges for the 22nd IBEX Innovation Awards Program. Managed by the NMMA and independently judged by Boating Writers International (BWI), this year's program marks the largest to date, with more than 110 products entered. Product entries can be reviewed along Innovation Way, located on the second-floor rotunda throughout the days of the Show.
BRP and its principal shareholder announce Bought Deal Secondary Offering. The short form base shelf prospectus and preliminary prospectus supplement are, and the final prospectus supplement relating to the secondary offering will be within two business days, accessible through SEDAR+. BRP Inc. (TSX:DOO; NASDAQ:DOOO) announced that Bain Capital Integral Investors II, L.P., and the Company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis. Under the agreement, BMO Capital Markets has agreed to purchase from Bain 1,500,000 subordinate voting shares of the Company.
Palm Beach Motor Yachts is thrilled to continue its 30th anniversary celebrations with the world debut of the Palm Beach GT60 Jet Drive model on display at Newport International Boat Show, September 11-14. The GT60 Jet Drive is a fully bespoke expression of the brand's DNA, a testament to Palm Beach Motor Yachts' continued legacy of competitive offshore ocean racing success and passionate commitment to design and build excellence.
FarSounder, a global leader in 3D Forward Looking Sonar (FLS) technology, continues to push the boundaries of innovation with the release of its new web app with an intuitive user interface. They are setting a new standard for navigation safety and user experience. In the fast-evolving world of marine navigation, staying ahead is not just an advantage; it is essential.
With this release, there is a new era in the FarSounder user experience. The highlight of this release is a powerful and integrative web app compatible with tablets and laptops, with plans to expand compatibility with multi-function displays. This versatility allows captains and officers to access the advanced 3D display from virtually anywhere on board, whether standing on deck or stationed at the helm.
Avikus, HD Hyundai's specialized Autonomous Navigation Technology subsidiary, announced the release of one of the safest and most reliable collision avoidance and route planning navigation systems on the market - NEUBOAT Navi with Control. The new system offers the following revolutionary capabilities: Object Recognition, Collision Avoidance, Adaptive Cruise Control, Smart Autopilot with Route Planning, CAN Bus Integration with Engine and Steering Control.
Peter Rendle - peter.rendle@worldmarine.media