Boat Market Set to Sail into 2025 with a ‘Return to Normalcy’ Ahead of Miami International Boat Show

Miami, FL  – As the Miami International Boat Show approaches, industry experts are highlighting an optimistic trend in the boat market for 2025, signaling a ‘Return to Normalcy’ after years of fluctuations influenced by the pandemic. With data from 2012 to 2024 now reflecting a stabilization, both buyers and sellers can expect a more predictable and enjoyable experience in the coming year.

From 2012 to 2019, the boat market enjoyed a period of consistent growth, boasting an average annual increase of 5%. During this time, the average days on the market for new boats hovered around 178 days, and the well-known 80/20 rule—where 80% of a boat model is in use while 20% is for sale—was a reliable benchmark. However, the market was transformed in 2020 and 2021 due to the pandemic, which saw an unprecedented surge in demand. This surge was followed by a downturn in 2022, 2023, and the first half of 2024, leading to uncertainty for both buyers and sellers.

As we entered the latter half of 2024, promising signs began to emerge. Recent data suggests that the boat market is aligning more closely with historical trends, marking a significant shift back to normalcy. Inventory levels are stabilizing, prices are returning to traditional ranges, and the brokerage market is poised for a resurgence.

According to the National Marine Manufacturers Association (NMMA), “Looking to 2025, NMMA anticipates sales of new powerboats to begin to show signs of a return to growth driven by innovative new products, changes in U.S. economic policies, and consistent consumer demand for on-water experiences.” This sentiment reflects a growing confidence in the market as it transitions back to its pre-pandemic stability.

“This is great news for everyone involved in the boating community,” according to industry analysts for the IYBA. “For buyers, it means more options and fairer prices. For sellers, it indicates a return to a market where they can expect reasonable time frames for selling their vessels.”

The implications of this return to a stable market extend beyond economics. For those looking to purchase a boat, 2025 presents an excellent opportunity to realize long-held dreams. Whether it’s reeling in a trophy catch, exploring new diving spots, or enjoying weekend getaways along Florida’s stunning coastline, the upcoming year promises to be filled with adventure and memorable experiences.

“Boating allows us to escape the hustle and bustle of daily life and connect with our loved ones in a serene environment,” said a recent client. “With the market settling down, it’s the perfect time to dive in and make those dreams a reality.”

As the Miami International Boat Show kicks off, attendees can expect a vibrant showcase of vessels, gear, and innovations that will inspire both seasoned mariners and newcomers alike. With a more normalized market landscape, the enthusiasm surrounding boating is palpable, setting the stage for an exhilarating year ahead.

In summary, 2025 is shaping up to be a promising year for the boat market, providing both buyers and sellers with the confidence to navigate their next steps. As the waves call and the sun shines on Florida’s waterways, the boating community can look forward to a season of joy, exploration, and cherished memories.