Millions of boats are on the water in the United States, providing a great deal of room for continual growth in the boating industry. Most Americans live within 100 miles of some body of water, leaving the choice of a boat dealership location quite open. Boat dealers are able to provide either a specific type of boats or they may provide a wide array of new and used boats for sale.
Boat Dealers and Types of Boats
The many different types of boats available make for a broad array of boat dealerships across the country and around the world. While the boat sales industry growth was already over $8 billion in 2016, it continues to grow approximately 10% each year. That means there is much to gain for boat dealerships who have quality boats to place on the market. Some of these different boat dealers are able to sell the following:
- Pontoon boats
- Fishing boats
- Ski boats
The growth of the boating industry means that the amount of new and used boat sales will increase as well. It is great to know that annual boat sales are already recorded to be at least $37 billion. With the large portion of the American population who live so close to navigable bodies of water, roughly 95%, there is room for many more boat purchases and rentals in the future.
The American Boating Industry
Like the automobiles we drive, we also run a majority of the boats traveling the water powered by engines. There is so much about the boating industry that is powerful, from 95% of small boats that continually make their way up and down our lakes and rivers, and that same amount manufactured here in the U.S. American boating is practically a 100% American industry. Water sports are some of the greatest recreational hobbies in the United States. Whether it includes used boats for sale, sea doo dealers, or other recreational water vehicles, there is much to be seen in the future. Looking at what our nation already has on the water, there is much to see in the industry of boats for sale:
- Over 87 million Americans are involved in recreational boating.
- As of 2016, the recreational boats sold in the U.S. was about $3.6 billion.
- There are also more than 15 million boats currently being used in the United States.
With so many recreational water sports actively played in North America, more than just the United States, there is much to gain from dealers entering the market. For both new and used boats for sale, as well as motorcycle dealers, snowmobile dealers, dirt bike dealers, and ATV dealers, there is much to gain from the recreational market from at least one point. This has the potential of being added to the sale of cars or trucks, or even the sale of RV’s and other outdoor camping equipment. Dealers have the ability to work together with all of these recreational sports combined.