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Survey shows growth in boating

May 1st, 2013 / By: / Industry News

A recent forecast indicates a 2013 growth of 8 percent in the American boating industry.

In light of an improving consumer outlook, more than half (51 percent) of survey participants said the best time to increase inventory levels is right now to be fully stocked for the spring selling season, according to results released by GE Capital, Commercial Distribution Finance.

When asked which trend will have the largest impact on the boating industry this year, 32 percent of respondents pointed to the popularity of low-cost or “base” models, up from 23 percent last year, and 30 percent expect long production lead times, compared to 21 percent last year. Aluminum boats, fiberglass fishing boats and recreation boats are the top three types, respectively, that the industry believes will be in demand this year.

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