Numerous have watched the marine sector of our economy go through some fairly choppy seas in the last couple of decades, but are there extra to stick to? Yes and no, and let me tell you why. First, this market frequently 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 industry. Nowhere is this additional evident than in the sport and luxury boat constructing sector in the US. Florida is all in when it comes to marine jobs and boat building, so let’s talk shall we?

The Herald-Tribune had an fascinating short article posted on July 26, 2013 titled “Boat developing sector tends to make a comeback,” by Michael Pollick and I suppose the title sums up the data provided well sufficient, but one has to ask why?

Initially, really triple axel trailers of the luxury yacht sector has been siphoned off by Chinese boat builders and also Taiwanese – they have more affordable labor and industrial capacity and they’ve learned all of our technical know-how. Second, the 2008 financial tragedy was a super storm heard globally. China also has wealthy buyers to buy luxury boats and yachts, it is but a different status symbol, and just as corporate jet sales will rise, that tide will raise all boat sales there also. So, will China sail away with our boating business as they have so many other sectors of our economy?

Challenging to say, due to the fact in medium sized yacht market place, it really is a complicated job to transport the finished solutions. Massive 100-foot plus yachts can be sailed across the ocean, or transported in the hulls of specialized boats and that makes sense for price. Little sport boat vessels can be shipped in container form ships or in auto-transport ships. The labor fees becoming what they are, give a massive advantage, plus fewer regulations on makers, worker safety concerns, boat painting EPA guidelines, and so on.

Also plaguing the marine sector boat creating industry in Florida and elsewhere in the USA will be the ObamaCare guidelines and these insane rapidly rising well being care insurance charges. And not to place dark clouds on a nice summer season sailing day, but there are headwinds ahead, so the sector will have to have to be cautious how it handles all these future challenges. Also, with an anti-wealthy, class warfare, populist push by our leadership we can also count on extra use taxes on the horizon, luxury tax laws, to resurface as sea mines in the coming years. Please take into account all this and assume on it.