Yacht Industry Report

Europe and America as principal yacht markets have already accounted for more than 90% and 80% of the world's overall yacht market share in terms of sales and production scale, respectively. However, yacht markets there in recent years has been in decline, mainly due to the high ownership per capita, the yacht industry has been saturated; on the other hand, the global financial crisis since 2008 has exerted a huge impact on the global yacht economy, the United States, France, Italy, Australia, Canada, Japan and other world's corporate giants have been hit hard. The entire yacht industry have suffered from sharp cut-off in orders, serious decline in market consumption, as well as lay-offs, downsizing, shutdown, or even bankruptcy for numerous yacht manufacturers On the contrary, China's yacht market has just started and it is still in the phase of rapid development. Before 2011 there were merely about 3,000 yachts in China, the ownership per capita rema

Original Post China Yacht Industry Report, 2013