Current state of sailing boat racing and yacht sales
by David Sampson, Vicsail 28 Apr 2020 13:50 PDT
Current state of sailing and racing © Vicsail
As Australia and the rest of the world navigate this lonely and strange new way of living with this Coronavirus, we are seeing "everything" effected.
The world of sailing, like all other sports has been turned on its head.
From the local dinghy club on a regional lake to the America's Cup, every sailor has been impacted and, for the time being, we cannot do what we love: Going Racing!!
Not just racing has been affected, many areas of the marine industry are feeling the squeeze...
Major regattas and events such as boat shows have been cancelled or postponed which has put a large dent in the turn-over of this multi-billion-dollar industry.
Here are some boating industry figures which will amaze you:
- In 2018, US$2.9 Billion was spent on Superyacht Sales (yachts over 100 ft in length)
- There are over 12 million registered vessels in the USA
- There are over 1 million registered vessels in Australia
- Australia's Boating industry turns over approx. $8 billion per annum and employs more than 25,000 people
So, what can we do during this period...
Continue reading here...