Boat-building production forecasts were upwardly revised in the third quarter of 2016 to reflect accelerating growth, according to ITR Economics. The ITR forecast puts third quarter growth up 12 percent and annual growth up 10.9 percent. Forecasts indicate growth to continue through June 2019, decelerating toward the end of 2018.
The 2016 ITR Economics Forecast for Boat Building Production is available to download on NMMA.org and is free to National Marine Manufacturers Association members. The report includes forecasts through mid-2019 on wholesale shipments as well as historical data trends and rates of change in the U.S.