Miami Boat Show 2018 by the numbers

Miami Boat Show by the numbers|| Courtesy of Miami Boat Show

260,000 new powerboats were sold in 2017

$36 Billion Dollar US Industry

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Ferreti 920

debuts at this year's Show

Ferretti 920 || Photo by Nb 

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U.S. Recreational Boating by the Numbers

• Annual U.S. consumer spending on boats, marine products and services totaled $36 billion in 2016 and are expected to have climbed three percent in 2017 to $37 billion.
• Sales of new powerboats in 2017 are estimated to exceed 260,000 units with continued sales growth of 5-6 percent expected in 2018.
• The recreational boating industry in the U.S. supports 650,000 direct and indirect American jobs and nearly 35,000 small businesses.
• Recreational boats are uniquely American made with 95 percent of the boats sold in the U.S, made in the U.S.
• Leading the nation in sales of new powerboat, engine, trailer and accessories in 2016 were the following states:
  1. Florida: $2.5 billion, up five percent from 2015
  2. Texas: $1.4 billion, up five percent from 2015
  3. Michigan: $868 million, up nine percent from 2015
  4. Minnesota: $710 million, up nine percent from 2015
  5. North Carolina: $689 million, up 11 percent from 2015
  6. New York: $688 million, up 14 percent from 2015
  7. Wisconsin: $622 million, up nine percent from 2015
  8. California: $615 million, up 15 percent from 2015
  9. Georgia: $551 million, up 11 percent from 2015
  10. South Carolina: $544 million, up 10 percent from 2015
• It’s not just new boats Americans are buying; there were an estimated 981,600 pre-owned boats (powerboats, personal watercraft, and sailboats) sold in 2016, totaling $9.2 billion in sales.
• There were an estimated 11.9 million registered/documented boats in the U.S. in 2016.
• Ninety-five percent of boats on the water (powerboats, personal watercraft, and sailboats) in the U.S. are small in size, measuring less than 26 feet in length—boats that can be trailered by a vehicle to local waterways.