Will the blissful luxury Yacht Manufacturing Industry All Result in a Chinese Port?

It is well known in the overall aviation business that the manufacturing of small aircraft, corporate Jets, and also airliners is slowly shifting to China. futterrohre is happening in the recreational marine boating business, and they are needs to build luxury cruising yachts in China. Previously, these were making lots of the components, now they’re making entire luxury yachts. But before you complain, realize that China is a huge market for yachts, and the Chinese are simply naturally boat people (remember the Treasure Fleet), especially the ones that live near to the water, or in the major cities and also have accumulated a great deal of wealth.

There was an interesting article recently published in Bloomberg Business Week (May 9 – May15, 2011) titled “China’s Next Port of Call: Luxury Yachts” which stated that the is headed to China, and the luxury yacht makers of Europe, Australia, and the US will slowly see the disappearance of companies making high-end yachts, as there is no way they’ll be able to compete. A couple of reasons things are floating to China as per this article;

1. – Lower Costs and rising wealth fuel growth at mainland boat builders.
2. – They use boats no differently than they might a karaoke lounge.

Okay so not only can the these boats be produced less expensively with low-cost labor, however the Chinese luxury cruising yacht business is booming with many wealthy Chinese seeing this as the ultimate for their wealthy status. The article also stated that the Chinese lack the intensive knowledge to create these yachts, but they are catching on quickly with the aid of foreign partners. In analyzing the situation, I start to see the Chinese as capturing this industry aswell.

No, it doesn’t bode too well for those in Florida who are yacht builders, and employ thousands of people. Each time we discuss manufacturing in the usa, we discuss how jobs have increased, and we are the major manufacturer to the planet, however in reality China is passing us, plus they are creating jobs quicker than we have been, and also if their economy sputters, they will end up as time passes with an excellent chunk of our manufacturing industrial base.

Along with such super specialties as the making of airliners, corporate Jets, luxury yachts, along with other items that Americans currently appear to excel at. Needless to say, there are numerous of yacht manufacturers in the Mediterranean, plus they too may lose those jobs to China. Can you buy a luxurious cruising yacht from China? Even if you say no, what if I said you could buy it for a third of the cost, and even half? You see, even you had to stop and consider that. Please consider all this.