Assessment Of The China Yacht Industry 2014: Worldwide Share, Investment Trends, Growth, Strategy and Forecast Research Report

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Assessment Of The China Yacht Industry 2014

(PRWEB) April 29, 2014

While North America is globally the largest yacht market followed by Europe, China is the most important emerging yacht market. 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 demand for small and medium-sized yachts will increase significantly in the country in coming years.

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China has been making news in the global yacht industry. The year 2013 saw two leading global yacht companies being taken over by Chinese business houses. Dalian Wanda Group acquired control of Sunseeker International and the Weichai Group acquired a controlling stake in the Ferretti Group.

Abundant supply of labour and low cost of raw materials is making China the 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 Assessment of the China yacht industry 2014 highlights key drivers of and trends emerging in China's yacht industry. The Initiatives and performance of key international and domestic players including Brunswick Boat Group, Sunseeker International, Ferretti Group, Azimut Benetti, Sunbird Yacht Manufacturing Co. And Cheoy Lee Shipyards Limited has been presented. The current market scenario and future prospects of the sector has also been examined. The report contains latest industry leaders verbatim.

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Research methodology and delivery time

Smart Research Insights 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.

About Smart Research Insights (SRI)

SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.

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Table of Content

1. Overview of the Global Yacht Market

2. Overview of the China Yacht Market

3. Market Statistics

4. Trends & Drivers

5. Industry Challenges

6. Key Player Profiles
6.1 International Players
6.1.1 Brunswick Boat Group
6.1.2 Sunseeker International
6.1.3 Ferretti Group
6.1.4 Azimut Benetti
6.2 China & Hong Kong Based Players

7. Other Asian Yacht Markets

8. Future Outlook

9. Research Methodology

10. About Smart Research Insights

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A leisure boat is also known as pleasure craft or recreational boat that is designed for and capable of moving in water with a maximum length of up to 24 meters, and is meant to be used for recreational or leisure activities only, and is not utilized in any type of business or moneymaking venture. The pleasure craft may also be used as a temporary residence for the owner, and often is equipped with amenities that are like those that are found in a home, albeit on a smaller scale. The very craft could be motorized or non-motorized depending upon the boat type. Now days, several types of pleasure crafts are available with a broad range of variants.

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Specifically, in terms of adult participation, production units, and increased revenues, the leisure boat industry performed on a noteworthy scale over the past 10 years. In addition, factors like increasing participation in the boating activity, rising income and population of HNIs, ameliorating global economy, ardent tourism industry and increasing urban population are further fueling the growth of leisure boat industry. Despite the existence of various growth drivers, there are certain challenges faced by the industry including environmental concerns, impacts of adverse weather conditions like floods, drought, unreasonably hot or cold weather, shortage of boat moorings and contention from other leisure activity sources which can potentially hinder the growth of the industry.

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