Retail Sales

Torqeedo Sets Up Direct Distribution in Norway

Electric propulsion and hybrid drives manufacturer Torqeedo said it ha established direct distribution in Norway to address the growing market for its systems in the region.Norway has a long tradition of seafaring and is a world maritime center for shipping, shipyards and maritime infrastructure, commercial fishing, offshore oil/gas, ferries, pleasure boats and a rapidly growing offshore wind industry.“Norway is a world leader in the movement toward electrification of land and water transportation…

NMEA Offers Online Marine Electronics Training Course

The National Marine Electronics Association (NMEA) has introduced a new marine electronics course designed for the boating public. It is intended for technically oriented boaters and end users who would like to apply the NMEA 0400 guidelines to installations that they perform on their own vessels, said Mark Reedenauer, NMEA's President and Executive Director. Called the NMEA 0400 General Overview, the new course provides highlights of NMEA's acclaimed 0400 Installation Standard. This course provides general knowledge and understanding of common marine electronics installation and operational procedures, regardless of equipment manufacturer.

NMMA Estimates 2013 Powerboat Sales Up 5%

The National Marine Manufacturers Association (NMMA) expects that as 2013 comes to a close, 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.

US Leisure Boating a $121-billion Business

The National Marine Manufacturers Association (NMMA) reports that the industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83 billion in annual spending. The NMMA, released these findings as part of its annual U.S. Recreational Boating Statistical Abstract, a collection of data and analysis on the state of the U.S. recreational boating industry. Retail sales of new power and sailboats increased 10.7 percent in 2012 to 163,245, demonstrating a post recession recovery for the industry. •    New powerboat sales increased 10 percent to 157,300 in 2012.

Boatbuilding Booms as More Americans Take to the Water:

New data from The National Marine Manufacturers Association (NMMA) show 88 million Americans expected to take to U.S. waterways this summer. NMMA add that recreational boating in the U.S. has an annual economic value of $121-billion. The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83 billion in annual spending. The NMMA, on behalf of the U.S. boating industry, released these findings as part of its annual U.S. Recreational Boating Statistical Abstract, a collection of data and analysis on the state of the U.S. recreational boating industry.

Recreational Boating: a $121-billion Economic Driver for U.S.

The National Marine Manufacturers Association (NMMA), announced that recreational boating in the U.S. has an annual economic value of $121 billion. The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83 billion in annual spending. The NMMA, on behalf of the U.S. boating industry, released these findings today as part of its annual U.S. Recreational Boating Statistical Abstract, a collection of data and analysis on the state of the U.S. recreational boating industry.

Tide Turning for Canadian Boating Industry

Canadian recreational boating industry reports thirteen percent increase in new boats and engine sales totaling $2 billion. The Canadian recreational boating industry began to see the tide turn for new boat and outboard engine sales with an estimated thirteen percent increase from October 2011 through September 2012 compared to the same period the previous year, according to the National Marine Manufacturers Association (NMMA) second annual 2012 Canadian Statistical Abstract. The Abstract reveals statistics on Canada’s recreational boating retail sales…