China Yacht Industry 2014-2018: Market Analysis Report by Researchmoz.us

on Wednesday 9 July 2014
ResearchMoz.us include new market research report " Yacht Industry in China 2014-2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The complete industry chain of yacht economy includes yacht development, design, manufacture, yacht club services, related entertainment, tourism, business activities, training and examination of yacht driving licenses, dock construction, management, yacht maintenance, club construction, operation, management, accessory manufacture, internal environment decoration and professional insurance.

View Full Report with TOC at:  http://www.researchmoz.us/research-report-on-yacht-industry-in-china--2014-2018-report.html

Although global yacht market shrank during the financial crisis in 2008, the yacht market in China kept increasing. Market size of yachts was CNY 9 billion (USD 1.45 billion) in China in 2013, up by 30% YOY. The output value of yacht club, yacht driving training and related tourist industries was far higher than the market size of yachts in China.

As the yacht industry prospers in China in recent years, Chinese people, especially white-collar workers, become increasingly fond of yacht sports. According to CRI, the number of yacht clubs exceeded 100 by the end of 2013 with over 40 of them interviewed by CRI.

Market demand for yachts exhibits upward trend as economy develops and residents' purchasing power increases. On one hand, the import volume of luxurious yachts increases as demand for luxury goods, including luxurious yachts, from the rich grows. In China, the rich population (with the financial assets exceeding USD 1 million) is approximately 5-10 million, including business owners, executives in foreign companies, officials, employees in monopoly state-owned enterprises, and artists. The group's pursuit for luxury goods shifts from luxurious cars, watches and villas to luxurious yachts and private jets. However, the expenditures on purchase and maintenance of private jets are high, while Chinese government takes strict control over private jets. Luxurious yacht is obviously a more realistic choice. On the other hand, the sales volume of medium and low-end yachts grows rapidly in China. As a few groups can afford luxurious yachts, the middle-class group mainly focuses on medium and low-priced yachts.

Browse More related reports to Travel Services at: http://www.researchmoz.us/travel-services-market-reports-154.html

Through this report, the readers can acquire the following information:
  • Yacht Manufacture Industry in China
  • Yacht Consumption in China
  • Import and Export in China Yacht Industry
  • Yacht Market for Official Business
  • Status of Yacht Clubs in China
  • Investment Opportunities in China Yacht Market
  • Development Trend in China Yacht Industry



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