Boating Industry Staff

Are we at the bottom of it ? That ’ s the question surrounding much of the recreational boating industry as we move from 2024 to the new year . During last year ’ s forecast , we kept

Newton ’ s Law of “ what goes up , must come down ” in mind following the unprecedented sales numbers brought on following the Covid-19 pandemic . “ This past year , I think everyone in the industry can agree , was a year of headwinds and slowdowns ,” Frank Hugelmeyer , president of the National

Marine Manufacturers Association ( NMMA ) told Boating Industry . “ We did have some bright spots with the personal watercraft segment continuing to stay strong , as well as boats in the upper end , but obviously interest rates and inflation has taken its toll on the growth of the industry .”

18 december 2024 / january 2025 www . boatingindustry . com