The marine industry has always been an integral part of Queensland’s economic and regional development. The State’s emerging superyacht industry, as a component of the greater marine industry, has been identified as having enormous growth potential. The sector represents an opportunity for Queensland’s marine industry to build further upon its significant global reputation.
Queensland boasts Australia’s largest superyacht industry and has the opportunity to closely align with the international industry, which has experienced a significant period of growth over the past decade in line with strong global economic growth. The sector worldwide is reported to have expanded by a staggering 500 per cent over this period and there are strong indications this growth will continue for the next decade.