In a new video, National Marine Manufacturers Association president and CEO Frank Hugelmeyer shares his take on the state of the industry, including consumer behavior and demand in 2023, and how they are shaping challenges and opportunities in 2024.
“While new-boat sales are expected to remain relatively flat in 2024, boating expenditures are likely to remain strong as the industry approaches spring and summer boating activity,” NMMA said in a statement. “With the surge in boat sales during the pandemic, it’s expected Americans will continue to take to the water in large numbers this year, given the unique social and wellness benefits boating delivers.”
The organization added that it wants to ensure that there is proper access to the water and provide support for boaters with educational resources, and timely service and maintenance.
Click here to watch the “Marine Minute” video.
