November 23, 2018

Marine in North America Industry Statistics

The marine industry is one of the many high-risk industries around the world, including North America. Do you keep up with the latest in the marine industry?

Did you know…

  • Recreational boating is a popular leisure activity in the U.S.
  • Over 87 million U.S. adults participate in recreational boating, using a boat for (sports) activities such as fishing and water skiing and/or to travel
  • The total value of recreational boats sold reached over 3.6 billion U.S. dollars in 2016
  • In total, 11.87 million recreational boating vessels were registered in the U.S. in 2015
  • These boats are classified into several categories: sailboats, personal watercrafts, sterndrive boats, inboard boats and outboard boats
  • The number of boats sold annually by brokers in the United States has remained steady at around 30,000 units between 2012 and 2016
  • The pre-own recreational boat market was considerably larger with unit sales of around 950 thousand for the five years preceding 2014
  • Sales of jet boats, sailboats and outboard boats all seen sharp declines in the years 2008 and 2009
  • Although unit sales for these products are increasing, none of them have reached the numbers seen pre 2008
  • Recreational boating was a popular activity among North American campers in 2015
  • 95% of powerboats sold in the U.S. are made in the U.S.
  • 90% of all goods are transported by ships
  • Some of the world’s largest container ships cost over $200 million to construct; but even that seems small compared to the cost of luxury cruise ships, which can be as high as $1.4 billion
  • Water transportation contributed $36 billion U.S. dollars and 64 thousand jobs to the U.S. economy in 2010
  • Vessels carry 53% and 38% of U.S. imports and exports
  • Germany, Mexico, and Saudi Arabia are the other top U.S. import vessel-trading partners

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