Numerous have watched the marine sector of our economy go by means of some pretty choppy seas in the final few decades, but are there a lot more to comply with? Yes and no, and let me tell you why. 1st, this sector typically gets hammered by the altering financial tides, and of course the occasional financial sector calamity – call it a Hurricane storm surge or Tsunami if you will. There is a definite ebb and flow to the marine and boating sector. Nowhere is this extra evident than in the sport and luxury boat developing sector in the US. Florida is all in when it comes to marine jobs and boat developing, so let’s speak shall we?
The Herald-Tribune had an interesting post posted on July 26, 2013 titled “Boat building industry tends to make a comeback,” by Michael Pollick and I suppose the title sums up the data given nicely adequate, but one has to ask why?
Initial, very a bit of the luxury yacht sector has been siphoned off by Chinese boat builders and also Taiwanese – they have less expensive labor and industrial capacity and they’ve discovered all of our technical know-how. Second, the 2008 economic tragedy was a super storm heard globally. China also has wealthy purchasers to obtain luxury boats and yachts, it is but yet another status symbol, and just as corporate jet sales will rise, that tide will raise all boat sales there too. So, will China sail away with our boating business as they have so quite a few other sectors of our economy?
Tough to say, simply because in medium sized yacht market, it really is a hard job to transport the finished solutions. Large 100-foot plus yachts can be sailed across the ocean, or transported in the hulls of specialized boats and that makes sense for expense. Modest sport boat vessels can be shipped in container kind ships or in auto-transport ships. The labor charges being what they are, give a large benefit, plus fewer regulations on suppliers, worker security troubles, boat painting EPA rules, and so on.
Also plaguing the marine sector boat constructing market in Florida and elsewhere in the USA will be the ObamaCare rules and these insane quickly increasing health care insurance charges. And not to put Boats For Sale Cumbria on a nice summer sailing day, but there are headwinds ahead, so the sector will need to have to be careful how it handles all these future challenges. Also, with an anti-rich, class warfare, populist push by our leadership we can also expect a lot more use taxes on the horizon, luxury tax laws, to resurface as sea mines in the coming years. Please consider all this and feel on it.