Will the blissful luxury Yacht Manufacturing Industry All Result in a Chinese Port?
It is widely known in the general aviation business that the manufacturing of small aircraft, corporate Jets, and even airliners is slowly shifting to China. The same thing is happening in the recreational marine boating business, and they are beginning to build luxury cruising yachts in China. Previously, they were making lots of the components, now they are making entire luxury yachts. But before you complain, recognize that China is a huge market for yachts, and the Chinese are just naturally boat people (remember the Treasure Fleet), especially those that live close 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 blissful luxury yacht makers of Europe, Australia, and the united states will slowly start to see the disappearance of companies making high-end yachts, as there is no way they’ll be able to compete. A few reasons things are floating over 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 made 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 his or her wealthy status. This article also stated that the Chinese lack the intensive knowledge to create these yachts, but they are catching on quickly through the help of foreign partners. In analyzing the problem, I see the Chinese as capturing this industry as well.
No, that doesn’t bode too well for all those in Florida who are yacht builders, and employ thousands of people. Each and every time we talk about manufacturing in the usa, we discuss how jobs have increased, and we are the major manufacturer to the world, however in reality China is passing us, and they are creating jobs quicker than we are, and also if their economy sputters, they’ll end up as time passes with a good 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. einringdichtung to say, there are many of yacht manufacturers in the Mediterranean, plus they too may lose those jobs to China. Would you purchase a luxurious cruising yacht from China? In case you say no, imagine if I said you could buy it for a third of the cost, or even half? You see, even you had to stop and consider that. Please consider all of this.