Boat Market Overview in the USA
In value terms, boat production expanded notably to $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Boat production peaked in 2019 and is likely to see gradual growth in the immediate term.
The revenue of the boat market in the U.S. contracted to $ in 2019, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2013 to 2019: its value increased at an average annual rate of +% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2018, and then contracted modestly in the following year.