While North America is globally the largest yacht
market followed by Europe, China is the most important emerging yacht market.
Even though the current Chinese Government’s anti-corruption drive has dampened
the market for luxury goods in China, the yacht industry’s outlook is bright.It
is projected that the number of leisure boats and yachts in the country will
reach 100,000 by 2020 from a mere 3,000 in 2012. The market in 2020 will be
worth approximately USD 8.16 billion.
The China anti-corruption campaign which commenced in
November 2012 hit the industry and growth slowed down leading to players
promoting more affordable yacht models to to an upper-middle-class and
high-net-worth as opposed to ultra-high-net-worth crowd.While larger boats will
not see much growth in sales in 2015-2016, smaller boats will maintain the
sales momentum. It is projected that the number of yachts longer than 8 meters
in China will reach 163,510 by of 2030.High investment in the sector and
improving yacht infrastructure is boosting the industry.In 2013 saw two leading
global yacht companies being taken over by Chinese business houses.
Overall, an abundant supply of labour and low cost of
raw materials isinstrumental in making Chinathe new preferred manufacturing hub
for yachts. This supported by increasing number of high net worth individuals
and favourable regulations has spiked global interest in the country’s yacht
market.
Why should the
report be purchased?
The report ‘A
Study of China's Yacht Market 2015’ highlights key drivers of and trends
emerging in China’s yacht industry. The Initiatives and performance of key
global players including Sunseeker International, Sanlorenzo SPA, Ferretti
Group, Azimut Benetti, Princess Yachts International Plc, Gulf Craft Inc. and
Brunswick Corporationhas been presented. The current market scenario and future
prospects of the sector has also been examined.The report contains latest
industry-related opinions.
Research
methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key public industry sources and
publications has been scanned and analyzed impartially to present a clear
picture of the industry. All recent developments which impact the sector
dynamics have been captured and used to support the research hypothesis.
Spanning over 35 pages “A Study of China's Yacht Market 2015” report
covers Global Yacht Market, China Yacht Market, Competitive Landscape, Other
Asian Yacht Markets, Research Methodology. The report covered companies are -
Sunseeker International, Sanlorenzo SPA, Ferretti Group, Azimut Benetti,
Princess Yachts International Plc., Gulf Craft Inc., Brunswick Corporation,
Sunbird Yacht Manufacturing Co., Cheoy Lee Shipyards Limited, Shanghai Double
Happiness Yacht Co.
For more information Visit at: http://mrr.cm/ojq
Find all Machinery
Report at: http://www.marketresearchreports.com/machinery
No comments:
Post a Comment