China Yacht Industry Analysed in New Cutting-edge CRI Research Report Available at MarketPublishers.com08 Jul 2014 • by Natalie Aster
LONDON – The Chinese yacht market continued to grow notwithstanding the financial crunch in 2008. The domestic yacht market size was estimated at close to USD 1.45 billion as of 2013, up by 30% YoY. Market demand for yachts in China shows upward trend due to the fast-paced economic development and residents' increased buying power. On the one hand, imports of luxurious yachts increases in volume as demand for luxury products from the rich surges. In China, there are about 5-10 million high-net-worth-individuals (those with financial assets worth more than USD 1 million). This group’s interest in luxury items shifts from luxurious automobiles, watches and villas to private jets and luxurious yachts, with the latter being a more realistic choice as their price and maintenance are not so high in comparison with private jets. On the other hand, the sales of medium and budget-friendly yachts in volume terms increase rapidly in the country. As not everybody can afford luxurious yachts, the middle-class population chiefly focuses on purchasing medium and low-cost yachts.
The national yacht market is expected to keep on posting an annual growth rate of over 20% in the next few years, offering a host of opportunities for producers, trading and service enterprises in the industry.
New cutting-edge market research report “Research Report on Yacht Industry in China, 2014-2018” prepared by China Research and Intelligence (CRI) provides comprehensive and impartial insights into the Chinese yacht industry. It presents a detailed overview of the yacht production and consumption in the country, sheds light on China’s imports and exports of yachts, places a special emphasis on an all-round analysis of the yacht market for official business; describes the status of yacht clubs in the country; lays bare a slew of investment opportunities in the domestic yacht marketplace. Furthermore, the leading yacht manufacturing enterprises in China are profiled, and exhaustive market forecasts through 2018 are provided in the research study.
Major yacht producers in China discussed: Sunbirds Yacht Co, Ltd.; Shanghai Bestway Marine Engineering Design Co., Ltd.; Shanghai Double Happiness Yacht Co., Ltd. (DHS); and others.
Research Report on Yacht Industry in China, 2014-2018
Published: July, 2013
Price: US$ 2,400.00
More new market research reports by the publisher can be found at CRI page.