While this has not been good for the marine industry as a whole, businesses like ours who sell a wide range of marine supply products for the do-it-yourselfer have benefitted greatly, as more boaters choose to do their own boat repairs to save money.
Midland, Ontario (PRWEB) March 02, 2013
JT’s Top Shop (http://www.jtstopshop.com), Canada’s leading supplier of marine upholstery, boat canvas, marine fabrics and hardware, predicts that 2013 will be a good year for the Canadian boating industry and for marine sales in Canada. Strong in store and internet sales, positive economic indicators and increased traffic from the previous few years at the Toronto International Boat Show in January are just a few of the signs that people have more confidence in the economy and are willing to spend more on recreational products like boats, according to Jari Vartiainen, owner and operator of JT’s Top Shop.
At the 2013 Toronto International Boat Show, the National Marine Manufacturers Association (NMMA) released their second annual Canadian Statistical Abstract. The NMMA is the leading recreational boating industry association in North America and in their report for 2012 they state that, “The tide is turning” for Canada’s boating industry. The NMMA Canadian Statistical Abstract is a compilation of statistics on recreational boating retail sales in Canada, boater demographics, imports/exports, the retail market, and economic issues that affect the industry. It states that in 2012, the Canadian recreational boating industry saw a thirteen percent increase in new boat and engine sales totalling $2 billion. Sara Anghel, Executive Director of NMMA Canada, reports that a more stable U.S. economy and increased Canadian consumer confidence helped the Canadian recreational marine industry in 2012, and the thirteen percent increase in sales will create “momentum” in 2013.
“When the recession hit in 2008, new boat sales dropped off considerably. People were staying away from new boat purchases and were buying used boats and fixing them up instead. As well, boat owners who every few years would normally trade in their old boat for a new one, were holding off, and in the meantime, were spending more on repairs and renovations to their old boat. To freshen up their boats they were spending money on replacing the old canvas, biminis, boat covers or repairing the cockpit upholstery. As new boat sales fell and the economy worsened, do-it-yourself boat repair spending increased,” states Vartiainen. “While this has not been good for the marine industry as a whole, businesses like ours who sell a wide range of marine supply products for the do-it-yourselfer have benefitted greatly, as more boaters choose to do their own boat repairs to save money. With all signs suggesting that new boat sales in Canada will continue to increase through 2013, we are expecting an even greater increase in business from last year. After all, when a boat owner trades in his old boat for a new one, there will be someone out there who will buy that used boat. The new owner of that used boat will probably want to make some repairs sooner or later and we will be ready to sell him everything that he needs to do the job,” adds Vartiainen.
About JT’s Top Shop: A one stop shop for marine textiles, boat canvas and marine repair supplies, JT’s Top Shop, a leading Canadian marine supply retailer, serves both the do-it-yourself boat owner and the commercial marine industry. A certified distributor for Sunbrella Canada, they offer a wide range of boat canvas, upholstery and exterior vinyl materials, as well as everything you need for marine textile work and to do your own canvas repairs. Order from JT’s extensive online catalogue or visit their retail store and warehouse located in Midland, Ontario. JT’s Top Shop ships products across Canada. For more information call toll free 1-800-958-5856 or visit their website: http://www.jtstopshop.com.
JT’s Top Shop
PO Box 164
999 William St.
Midland, ON, Canada