The 13th China International Boat Show (CIBS) took place from the 10th to 13th of April 2008 at Shanghai Exhibition Center. CIBS occupied all six main halls and four outdoor areas of the Shanghai Exhibition Centre. With up to 400 participants, CIBS 2008 hosted about 50 exhibitors more than its previous edition..
China represents one of the most promising markets for recreational boats in the world. China's recreational boat industry grew 40% from 2005 to 2006. With a GDP of USD $1.3 billion, China expects a demand of 550,000 boats. CIBS 2008 provided the industry with an exhibition with more real boats on display and more suppliers of equipment, a larger area and more brands.
CIBS represents the entire manufacturing chain of the industry, from basic materials to ready-to-sail luxury boats. About half of the exhibitors, mostly luxury yacht-builders but also high-end equipment and technology providers for domestic boat yards, will came from overseas. Local exhibitors showed small to mid-sized boats, and mid-range technology and supplies, creating an ever increasing market for international sourcing experts.
CIBS is recognised by the world’s best builders of pleasure boats and luxury yachts as a driver of the newly developing market. Over 350 builders, brokers, suppliers and service providers have joined the show to create the biggest event for the yachting industry in Asia. Located in China’s trend-setting city of Shanghai, the show welcomes over 23,000 buyers from China’s richest provinces. Visitors at CIBS represent the rapidly growing middle- and upper-class, keen to adopt new lifestyles.
17 countries and regions were represented including Europe, USA, Southeast Asia & Australia. Few of the major brands that participated were Ferretti, Benetti, Princess, Sunseeker, Farline, Auzimut, Volvo Penta etc.
Interest in yachting and increasing boat ownership have not only sparked a boom in marina construction, but have become beneficial for marinas and charter companies in Southeast Asia, welcoming an increasing amount of Chinese looking for maritime pleasure. Increasing skills in manufacturing at over 150 boatyards have led to additional business opportunities, be it for manufacturers who are shifting production to China, be it for suppliers selling their products..!
Apr 24, 2008
China International Boat Show 2008
Posted by Paul Hyde at 2:18 PM
Labels: boat show, China International Boat Show
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