Recreational Boating Industry Remains Significant To Canadian Economy
Retail Sales Of Boats And Engines Reach More Than $3 Billion
February 1, 2016
Sales of personal watercraft and pre-owned boats see surge and boater participation rises, demonstrating Canadians' ongoing interest in boating.
TORONTO - (January 12, 2016) The Canadian recreational boating industry's leading trade group, the National Marine Manufacturer's Association (NMMA), announced today the release of its annual Canadian Recreational Boating Statistical Abstract for 2015, which reveals the Canadian recreational marine industry remains steady as sales increase in certain categories and boater participation rises.
The NMMA reports that retail sales of new boats and engines reached $2.1 billion in 2015, a 3.8 percent increase over 2014 while pre-owned boat sales totaled $1.06 billion, maintaining the industry's healthy contribution to the Canadian economy. In addition, personal watercraft, including brands such as Jet Ski, SeaDoo and WaveRunner, experienced a sales surge in 2015 with unit sales of new personal watercraft jumping ten percent from 2014. The pre-owned category also experienced a strong increase in 2015, rising seven percent. What's more, Canadians' participation in recreational boating has remained stable at 43 percent of the adult population, up from 35 percent in 2011-2012, the last time it was recorded.
"The data confirm that recreational boating remains a significant part of the Canadian economy, delivering more than $3 billion in new and pre-owned retail sales, while providing us with insights on how we can continue to grow as an industry," notes Sara Anghel, executive director of NMMA Canada. "Pre-owned boats and personal watercraft tend to be points of entry for new boaters and with sales of these categories seeing healthy increases, alongside rising boater participation, this signals that boating continues to be an attractive recreational activity to Canadians."
There were 38,000 new boats sold during 2015 with an estimated retail value of $2.1 billion. These figures represent a 5.4 percent decline in new unit sales and a 3.8 percent increase in retail dollar sales from 2014.
Canadians purchased 64,312 pre-owned boats in 2015 totaling $1.06 billion in retail dollar sales. These figures represent a 7percent increase in unit sales and a21.2 percent increase in dollars from 2014.
While there were declines in new boat sales across nearly all categories, sales of new personal watercraft units were up 10.5 percent. New boat unit sales declines were spread across nearly all provinces in 2015 except Manitoba, which saw a slight increase of 0.7 percent over 2014.
Meanwhile, in 2015, outboard engine unit sales increased in nearly all provinces/territories that had significant volume except Quebec (down 3.1%), Saskatchewan (down 9.6%), and the Northwest Territories (down 28.1%). The declines in these three parts of the country offset growth in others. Subsequently, national outboard engine sales were relatively unchanged from 2014 (both units and dollars down 0.1%).
"The decrease the industry saw in sales of new boat units in 2015 is estimated to largely be a result of the exchange rate, which currently favors Canadians buying recreational boats in the U.S.," noted Anghel. "Despite any decreases, the increases we're seeing in entry point categories and participation, combined with Canada's immense access to water and Canadians' passion for the outdoors, boating remains a top recreational activity, attracting people from all parts of the country."
Boating Participation and Boater Demographics
It is estimated that 43 percent of Canadian adults went boating at least once during 2015, which translates to 12.4 million boaters.
The data also reveal that compared to non-boaters, current boating participants tend to be married, have children living at home, a combined household income of less than $100,000, be university educated, and work full time.
NMMA reports that 75 percent of boaters had some post-secondary education (compared to 69 percent of non-boaters), 68 percent were employed at least part-time (compared to 56 percent of non-boaters) and 62 percent were married (compared to 54 percent of non-boaters). Additionally, 59 percent of boaters have combined household incomes of less than $100,000.
For more information about NMMA, please visit http://www.NMMA.ca.
About the National Marine Manufacturers Association (NMMA):
National Marine Manufacturers Association (NMMA) is the leading association representing the recreational boating industry in North America. NMMA member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters and anglers throughout the U.S. and Canada. The non-profit association is dedicated to industry growth through programs in public policy advocacy, market statistics and research, product quality assurance and promotion of the boating lifestyle. For more information visit http://www.nmma.org for the U.S. and http://www.nmma.ca for Canada.