DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6bzjrn/assessment_of_the) has announced the addition of the "Assessment of the China yacht industry 2014" report to their offering.
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.
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.
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.
Key Topics Covered:
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
7. Other Asian Yacht Markets
8. Future Outlook
Companies Mentioned
- Azimut Benetti
- Brunswick Boat Group
- Cheoy Lee Shipyards Limited
- Ferretti Group
- Kingship Marine Ltd
- Shanghai Double Happiness Yacht Co.
- Sunbird Yacht Manufacturing Co.
- Sunseeker International
For more information visit http://www.researchandmarkets.com/research/6bzjrn/assessment_of_the
