Asia to expand in luxury-boat market

Asia’s economy is growing quickly and some Asian companies are currently looking into ways of getting into the high-luxury-boat market big time. Especially China and Taiwan have been very active in this field in the recent years.

And foreign companies are going to cash in on the growing Asian market, too. Many yacht manageing companies and additional service providers for the yacht industry have opened offices in Asian cities in order to provide value-added services to yacht builders as well as yacht owners.

China International Boat Show continues to expand dramatically - it now accounts for almost a fifth of global super-yacht sales. Surging luxury boat sales have, in turn, generated massive demand for mooring facilities. Regional seafront developers have responded by building one luxury marina after another.

The China International Boat Show, biggest boat show in Asia, is filling more than 23,000 sqm of exhibition space with powerboats, sailing yachts, marinas, related lifestyle goods and services as well as equipment and supplies. The exhibition space makes this boat show become one of the luxurious exhibition events in China.

Over 350 suppliers and shipyards from the matured yachting markets attended this event, such as Italy, France, Australia, New Zealand and etc. In one of the world's most promising markets, this year's show drew more than 21,000 highly qualified attendees according to the press center. Besides, as China’s largest annual boat event, the Show also attracted huge media attention.