The Progressive Miami International Boat Show, the world’s premier boat show, arrives in the Magic City Feb. 13-17, 2014, bringing more than 3,000 boats and 2,000 companies from across the globe to three locations – Miami Beach Convention Center, Sea Isle Marina & Yachting Center and Miamarina at Bayside – for five days of nautical fun.
From the newest luxury yachts, powerboats, sailboats, engines, electronics and marine gear, to dozens of attractions and on-water workshops, the Miami Boat Show provides attendees an all-access pass to enjoy the boating lifestyle and shop the newest in recreational boats and marine accessories. Coined as the largest event in boating each year, the boat show draws more than 100,000 boating enthusiasts from around the world to explore the best of boating and generates big business in Florida and for the U.S. recreational boating industry.
From the newest luxury yachts, powerboats, sailboats, engines, electronics and marine gear, to dozens of attractions and on-water workshops, the Miami Boat Show provides attendees an all-access pass to enjoy the boating lifestyle and shop the newest in recreational boats and marine accessories. Coined as the largest event in boating each year, the boat show draws more than 100,000 boating enthusiasts from around the world to explore the best of boating and generates big business in Florida and for the U.S. recreational boating industry.
Highlights of the 2014 Progressive Insurance Miami International Boat Show include:
– Three locations to climb aboard and explore – New Yacht & Power Boat Show at Sea Isle Marina, Strictly Sail Miami at Miamarina at Bayside, and the Miami Beach Convention Center; each show venue features a variety of interactive activities and education for boaters of all ages and experience levels;
– Complimentary on-the-water sailing and power boating workshops through the Discover Boating Hands-On Skills Training series;
– Hundreds of hourly on-land clinics for seasoned captains and new boaters covering sailing, big game fishing, Boating 101 and DIY for boaters;
– Fun from deck to dock with free sailboat rides along the bay and live music;
– Celebrity appearances, including National Geographic’s Shark Men Chris Fischer and Brett McBride
The National Marine Manufacturers Association (NMMA) announced that the U.S. recreational boating industry will continue its post-recession climb with an estimated 5 percent increase in new powerboat retail sales. The increase comes on the heels of the industry’s 2012 rebound when new powerboat retail sales increased 10 percent—the industry’s first sign of recovery. In 2014, NMMA expects the recreational power boat sales will continue to grow another 5-7 percent.
What’s more, retail dollar sales of new powerboats are expected to be up 8 percent in 2013, signaling that the mix of boats being purchased includes higher priced boats and that Americans are investing more in boating.
“The housing market has improved, consumer confidence has steadily increased the last two years, and consumer spending is on the rise—all factors that are helping to fuel stable growth for the U.S. recreational boating industry and further sales in 2013. In addition, we’re seeing more and more Americans take to the water, as our participation numbers are at an all-time high—88 million Americans went boating in 2012. This indicates that with experience on the water comes an interest in life on the water and the subsequent purchase of a boat,” noted Thom Dammrich, president of NMMA. “If economic growth persists and the recreational boating industry continues gaining participants, we anticipate sustained growth in 2014 and into 2015 and 2016.”
Leading the industry’s growth are small fiberglass and aluminum outboard boats 26 feet or less in size, which continued their upward climb in 2013 with a 6.7 percent increase in the number of new boats sold; and ski and wakeboard boats, with an 11.7 percent increase in sales.
U.S. recreational boating facts and figures (source: NMMA)
American Made
Recreational boating in the US is a $35 billion industry and creates 338,526 marine industry jobs (manufacturing, dealers/wholesalers, services) at 34,833 marine industry businesses.
93 percent of the boats sold in the U.S. are made in the U.S.
Recreational boating retail expenditures (new and pre-owned boats and engines, trailers, accessories and services including fuel, repair, storage, insurance, taxes) increased 10 percent in 2012 to $35.6 billion.
Retail sales of new powerboats increased 10.1 percent in 2012.
Retail sales of new power and sailboats increased 10.7 percent in 2012 to 163,245 boats, demonstrating the first significant sign of a post- recession recovery for the industry.
It’s not just new boats Americans are buying. There were an estimated 969,000 pre-owned boats (power, PWCs, and sail) sold in 2012, an increase of 6 percent from 2011.
Americans are taking to the water in record numbers: Of the 232.3 million adults in the US in 2012, 37.8 percent, or 88 million, participated in recreational boating at least once during the year. This is a 6 percent increase from 2011 and the largest number of US adults participating in boating since NMMA began collecting the data in 1990.
There were an estimated 12.1 million registered boats (power, sail, and some canoes/kayaks and other non-powered boats) in the U.S. in 2012.
Fishing remains the number one (63 percent) boating activity current participants engaged in while boating in 2012; 20 percent went tubing, 17 percent went waterskiing and 9 percent went wakeboarding for a total of 46 percent who participated in watersports (tubing, waterskiing, wakeboarding).
95 percent of the boats on the water are 26 feet or less.
76 percent of boat owners have a household income less than $100,000.
