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:
Florida: $2.5 billion, up five percent from 2015
Texas: $1.4 billion, up five percent from 2015
Michigan: $868 million, up nine percent from 2015
Minnesota: $710 million, up nine percent from 2015
North Carolina: $689 million, up 11 percent from 2015
New York: $688 million, up 14 percent from 2015
Wisconsin: $622 million, up nine percent from 2015
California: $615 million, up 15 percent from 2015
Georgia: $551 million, up 11 percent from 2015
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.