National Marine Manufacturers Association Canada announces support of agreement.
BoatUS Foundation for Boating Safety and Clean Water President Chris Edmonston has been elected chairman.
Effective the end of 2013.
National Marine Representative Association recognized yachtsman for industry contributions.
Breakwater X wins Innovation Award in Boatbuilding Methods and Materials category.
The Boat Village will create the largest and most integrated software solution.
Intention to reduce and eliminate unnecessary regulatory costs and more.
This project won an award in the marine exterior upholstery category.
IFAI received a total of 97 entries from 53 companies in this year's competition.
IFAI announces 2013 IAA winners for design excellence in specialty fabrics applications.
Connecticut lawmakers repealed the .65 percent tax on boats costing more than $100,000.
The Supreme Court refused to hear a challenge against the EPA's E15 waiver.
U.S. Court of Appeals invalidated NLRB rule requiring employers post certain labor laws.
The report focuses on survival strategies for those affected by the industry’s downturn.
Part of the NMMA's annual U.S. Recreational Boating Statistical Abstract.
Fabric suppliers see the marine market in a severe downturn because of the weakening U.S. and world economy, as well as cautious customer purchasing for the remainder of 2009. Until the economy does rebound, the OEM market segment will be sluggish. Price-conscious marine fabricators will continue to seek less expensive imported fabrics. This continued influx of imports (not just from Asia) will erode market shares for the market leaders. If the weather is warmer and sunnier in 2009, the marine fabric market may still face decreases, but not as much as in 2008.
Marine fabricators see the market slowly coming back if the economy begins to improve in 2009. The current slump in boat sales will change how they market their products and services. There will be more use of the Internet, discounting of prices, increasing advertising budgets, and increasing product features as they relate to sustainability trends. Technology will continue to improve, particularly in stitching and hot and dielectric welding. Fabricators see raw material prices remaining high compared to the past (before 2007). Like fabric manufacturers, they see more fabric being sourced outside of the U.S. They also feel that their industry will continue to have a hard time finding skilled craftspeople for custom work.
From the 2009 State of the Industry Report. Purchase a complete report at the IFAI Bookstore.