March 3, 2014 10:11 UTC

Research and Markets: The Yacht Market in China is Expected to Grow at a Compound Annual Growth Rate of Over 13% During 2012-2017

DUBLIN--(BUSINESS WIRE)-- Research and Markets ( has announced the addition of the "China Yacht Market Forecast & Opportunities, 2017" report to their offering.

North America is the largest yacht market in the world followed by Europe. However, the market for yachts in Asia Pacific is the fastest growing. The market for yachts holds good future prospects in the Asia pacific region and within the region, China is witnessing maximum growth as a result of continuously increasing demand for yachts. China is turning out to be a preferred destination for yacht manufacturing because of easy availability of labor and low cost of raw materials. The manufacturing cost for yachts in China is 20-30% more economical than European and North American countries. Increasing number of High Net Worth Individuals in the country, rising international demand of yachts, favorable policies aimed at easy registration of yachts are likely to drive the market for yachts in China over the coming years.

China Yacht Market Forecast & Opportunities, 2017 report elaborates the following particulars:

- Global Yacht Market Outlook

- China Yacht Market Size, Share & Forecast

- China Yacht Market Segmental Analysis

- Policy & Regulatory Landscape

- Changing Market Trends & Developments

- Competitive Landscape & Strategic Recommendations

Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with yacht manufacturers, distributors and industry personnel. Secondary research included an exhaustive search of more than 3000 paid databases such as newspapers, websites, company annual reports and proprietary databases.

Companies Mentioned:

- Changzhou FRP Shipyard

- Guangdong Jianglong Shipbuilding Co. Ltd.

- Jet Tern

- Kingship Marine

- Longkou Conglin Aluminum Alloy Boat Co.

- Raffles Yacht

- Shanghai Double Happiness Yacht Co. Ltd.

- Sunbird Yachts Co. Ltd.

- Weihai Zhongfu Xigang Ship Co.

- Xiamen Hansheng Yacht Company Limited

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Research and Markets
Laura Wood, Senior Manager
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Sector: Maritime

Source: Research and Markets