China's Yacht Market 2015 Market Report; Launched via MarketResearchReports.com
While North America is globally the largest yacht market followed by Europe, China is the most important emerging yacht market. Even though the current Chinese Government's anti-corruption drive has dampened the market for luxury goods in China, the yacht industry's outlook is bright.It is projected that the number of leisure boats and yachts in the country will reach 100,000 by 2020 from a mere 3,000 in 2012. The market in 2020 will be worth approximately USD 8.16 billion.
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