NMMA President and CEO and ICOMIA President Frank Hugelmeyer delivered his annual State of the Industry address last week at the Discover Boating® Miami International Boat Show® Industry Breakfast.
Table of Contents
Challenges and Opportunities
Outlining both the challenges that shaped 2025 and the opportunities ahead, there’s cautious optimism.
Economic headwinds and elevated borrowing costs softened new powerboat sales last year, yet participation in boating remains strong and early boat show activity points to steady consumer engagement.
Coordinated Growth and Strategy
Looking ahead, Hugelmeyer struck a tone of cautious optimism, highlighting NMMA’s coordinated growth strategy through the Market Expansion Advisory Group, continued advocacy focused on pro-growth policies and expanded water access.
Click here for the presentation slides.
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