Marine Dragon Consulting says Chinese boating industry still buoyant

by Marine Dragon Consulting on 11 Mar 2009 Two months before China International Boat Show, analysts Marine Dragon Consulting are releasing their 2008 figures for the China boating industry. They report: “Both exports and imports are up in value compared to 2007, with respectively USD 250 million and USD 72 million. Despite the pronounced slow down of the North American market, China has strengthened its role of strategic industrial and commercial partner for most leading yacht and equipment makers.”

They say:

The search of new market outlooks and the need of trimming manufacturing costs are even more obvious in 2009, making Asia a key place in which to invest.
The network of marinas in China keeps growing, with another 15 projects “approved” in 2008.

With a GDP growth estimated a +7% for 2009, wealth and life style keep spreading around a larger upper class.

With tremendous reserve of cash, China is going to be a major player in M&A deals within this industry.

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