Industry Analysis & Industry Trends
The Pleasure Craft and Non-metal Boat Building industry developed rapidly in the five-year period through 2011, with industry revenue increasing at an annualized rate of 31.1%. This high revenue growth has been due to strong and increasing foreign and domestic demand in the past five years.
Industry revenue is expected to total $1.26 billion in 2011, up 3.3% from 2010. Exports in 2011 are expected to increase by 22.1% from 2010, which will contribute to the growth in industry revenue for the year. There are expected to be 163 establishments operating in this industry in 2011, employing about 18,500 people with total wages of $104.8 million.
In previous years, this industry had high export levels.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the five years through 2011, industry revenue and value added are expected to increase at annualized rates of 31.1% and 31%, respectively. These rates are much higher than China's average GDP growth rate during the same period of about 10%. In addition, the industry's establishment numbers are expected to increase at an annualized rate of 17.4% in the five years through 2011.
Chinese made pleasure boats, sport boats and non-metal boats have a price advantage over their competitors in international markets. Improving technologies and designing capabilities also give the Chinese products a global competitive advantage... purchase to read more