- July 18, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business’ Jeff Flock speaks with Sailtime member John Palmer on the boating boom.
More boaters than ever are hitting the water this summer, and the demand is being propelled by first-time boat owners.
Last year, the market for boat and marine product sales surged to $47 billion, up 9% year-over-year, while it’s already up another 30% this year. According to the National Marine Manufacturers Association (NMMA), new boat sales remain at elevated levels, and dealers are selling new boats as fast as they receive them at the start of peak boating season.
US BOAT SALES CRUISE TO 13-YEAR HIGH AMID CORONAVIRUS PANDEMIC
“Coronavirus was the perfect venue for boating because you could be off on your own, protected and socially distanced,” FOX Business’s Jeff Flock told FOX Business’ “Varney & Co.”
Part of what’s driving the growth within the recreational boating industry is the surge in first-time boat buyers of new and pre-owned boats. New data…