Upcoming Trade Shows in for Boats

The year 2023 might turn out to be a pivotal year for the boating industry, which has been having a hard time for the past decade. Boating fell out of favour, but now seems to be recuperating as the consumer climate and attitudes change. Upon a closer look, several larger trends appear to push the industry in a positive direction. One seems to be a focus on safety, which has always been of paramount important for boaters. New advancements in technology now offer more ways to ensure onboard security like never before. Kill switches, which promptly shut off engines during emergencies, are gaining popularity among boat owners. Coupled with ‘man-overboard’ alarms, these devices provide an added layer of safety by automatically cutting power if someone falls overboard, which have significantly minimized accidents and enhancing peace of mind. Boat rental markets are performing exceptionally well as more individuals opt for the convenience and flexibility of renting watercraft. From fishing boats to yachts, a diverse range of vessels are available for rent, catering to various preferences and budgets. With projections indicating continued expansion, the boat rental market is poised to surpass $280.2 million by 2028, offering ample opportunities for industry players. This trend has also led to deep diversification of boaters as more diverse enthusiasts enter the market. While boating has traditionally attracted middle-aged clientele, younger generations are increasingly drawn to boat rental and sharing options. The industry now caters to a broad spectrum of customers in terms of age, race, income and lifestyle. Customer are able to find everything from affordable inflatable rafts to luxurious yachts. However, challenges related to water access pose hurdles for boaters, exacerbated by factors such as global warming and restricted lake access. Shrinking water levels in lakes and regulations limiting boat numbers contribute to congestion and navigation challenges.