U.S. Boat Sales Reached 13-Year High in 2020, Recreational Boating Boom to Continue Through 2021

CHICAGO–(BUSINESS WIRE[1])–With heightened interest in outdoor recreation activities and ways to social distance, consumer demand for new boats surged across the country in 2020. The National Marine Manufacturers Association[2] (NMMA), representing North American recreational boat, engine and marine accessory manufacturers, reports that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12 percent compared...

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2020 Is a Banner Year for Boat Sales

Outdoors related industries have seen a big boom in business during the global COVID-19 pandemic. People have been searching for ways to get out of their homes without being in stuck in masses at airports, bus stations, and cruise ships. We’ve already covered how RV manufacturers have had to balance shutting down plants while trying to meet the demand for increased...

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Boatim Inc. announces the launch of Smart Connected Inventory for boat dealers as worldwide demand for boats and yachts continues to grow

MIAMI, Aug. 31, 2020 /PRNewswire/ — Boatim Inc. Boatim Inc (OTCQB: BTIM[1]), a global marketplace and online community for buying and selling boats and yachts, announces today the launch of their Smart Connected Inventory. The company’s latest product as part of its vision to build the next generation of digital maritime marketplaces. This first product in a line of upcoming...

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MarineMax Further Expands Worldwide Yacht Services with Acquisition of Northrop & Johnson

CLEARWATER, Fla.–(BUSINESS WIRE[1])–MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, today announced that it has acquired Northrop & Johnson, one of the largest superyacht brokerage and services companies with offices across the globe. The acquisition is expected to be accretive in its first full year. This transaction will be highly complementary to MarineMax’s 2019 acquisition of...

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