not sunny

The NMMA releases its first 2019 Statistical Abstract for the sailboat sector

While the global marine industry awaits the full impact of the COVID-19 pandemic and the International Council of Marine Industry Associations (ICOMIA) reports the US is expecting a 50% reduction in sales for 2020, the National Marine Manufacturers Association (NMMA) has released its first 2019 Statistical Abstract for the sailboat sector.

Final 2019 data shows 4,800 new sailboats were sold last year, a 16% decrease from 2018, but level with 2017 sales. Sailboats accounted for 2% of total new boat unit sales in the US last year.

“The sailboat category tends to have some volatility from year-to-year and in 2019 we saw a dip in the high-volume segment under 20ft which comprises 87% of total sailboat unit sales,” said Vicky Yu, NMMA’s director of business intelligence, in a statement from the trade group.

Yu said that sales of vessels over 46ft were up some 25%. “However, we expect COVID-19 will have a dampening effect on sales in 2020,” she said. Read on, courtesy of IBI.