Boat Market Overview in the USA
In value terms, boat production fell modestly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by % against the previous year. Boat production peaked at $ in 2018, and then fell modestly in the following year.
The revenue of the boat market in the U.S. fell to $ in 2019, approximately equating 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). The market value increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Boat consumption peaked at $ in 2017; afterwards, it flattened through to 2019.