Article

Last week at the Discover Boating® Miami International Boat Show® Industry Breakfast, NMMA President and CEO Frank Hugelmeyer delivered his annual State of the Industry address, outlining both the challenges that shaped 2025 and the opportunities ahead.

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. 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 to view the full video presentation.

Click here for the presentation slides.