• Press Releases
  • About Who We Are Why Select Us Careers
  • Services Consulting Other Services Research

Search Result

Yacht market share, size, trends, industry analysis report, 2021 - 2028.

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Non vel laborum, eveniet eos mollitia error in sequi quasi repudiandae libero iure, nemo deleniti, tempore deserunt voluptas eaque debitis quaerat recusandae?

What's Included in Full Report?

  • PDF Format Report

Industry Dynamics

  • Market Size and Share Analysis
  • Industry Trends and Growth Outlook
  • Major Market Players Detailed Analysis
  • Key Driving Factors and Analysis by Segments
  • Regional Analysis (Can be Customized based on Region and Country)
  • Future Commercial Growth Analysis

Request Sample Report

Request a Sample report to know overview of the report's scope and coverage.

Know more about key segmentations and regional analysis during the current and forecast periods. Discover market top players share, their industry performance, and strategies.

Your data is secure and will never be shared with third parties. By providing your details, you consent to receiving communications from us. Feel free to reach out to us anytime if you wish to unsubscribe.

Yacht Market Share, Size, Trends, Industry Analysis Report, 2021 - 2028

Yacht Market Share, Size, Trends, Industry Analysis Report, By Type (Super, Flybridge, Sport, Long Range, Others); By Length; By Propulsion (Motor, Sailing), By Region; Segment Forecast, 2021 - 2028

  • Published Date:Oct-2021
  • Format: PDF
  • Report ID: PM2020
  • Base Year: 2020
  • Historical Data: 2016 - 2019
  • Description

Table of Contents

  • Analysis Type
  • Research Methodology

Request for Sample

Report outlook.

The global yacht market was valued at USD 8.12 billion in 2020 and is expected to grow at a CAGR of 5.1% during the forecast period. The increasing inclination towards recreational or leisure activities on account of growing disposable income, coupled with the increasing preference for personalized services, luxury tourism, and exclusive traveling, are the few prominent factors expected to accelerate the market growth during the forecast period.

Yacht Market Size

As per the survey of the World Tourism Organization UNWTO, in 2018, nearly 75% of the inclusive international travel departures leave from North America, South America, Europe, and comprised these regions accounted USD 263 billion in adventure travel expenditures. As a result, the adoption has shown the growth due to growing consumer interest in adventurous activities thereby, aiding the market growth over the forecast period.

A yacht is a power vessel or sailing utilized for preference, cruising, or racing. However, there is no typical definition, so the term refers to vessels with a cabin with facilities that provide accommodations for overnight use. In addition, factors such as the development of new, lighter, and more fuel-efficient yachts are further contributing to the considerable market demand for end-use.

Yacht Market

Know more about this report :  request for sample pages

Growth Drivers The yacht market has perceived substantial developments since the last few decades supported by the constant advancements in technological yachts, allowing improved flexibilities to contract engines operate at an adjustable speed and considerably reduce noise, emission, and vibration.

Moreover, the development of luxurious amenities and high-tech interiors are delivered by the OEM manufacturers, which is further, predicted to drive the demand in the entire world. OEM vendors have often been witnessed to be continually investing in the research and development activities to provide an exceptional experience, thereby driving the growth outlook for the global yacht market over the foreseen period.

In addition, the rapid rise in tourism across developed and developing economies is further projected to reinforce the demand in the industry. North America is the major contributing factor that shows drastic growth in the tourism market. U.S. is the world's largest travel & tourism economy dominates with around 83% of the direct GDP impact on the region, followed by Mexico (12.6%) and Canada (4.5%). As a result, the adoption of yachts is growing, thereby creating positive growth for the global yacht market.

Report Segmentation

The market is primarily segmented on the basis of type, length, propulsion, and region.

Insight by Type

Based on the type segment, the superyacht is the leading revenue contributor in the global market in 2020 and is likely to keep its dominance in the forthcoming period. The segment is anticipated to observe a healthy growth during 2021-2028, owing to the increasing popularity of superyachts among the wide consumer base, along with the surging affinity for outdoor leisure activities. The sports yacht segment is projected to evolve as the highest CAGR in terms of market share during 2021-2028. This can be accredited to the vigorous participation of adults in sporting events and recreational boating activities.

Further, recreational tournaments are providing employment opportunities. They are emerging as an integral source of revenue generation for clothing outlets, yacht caterers, and boat builders, among others, which are anticipated to reinforce the market growth during the forthcoming period.

Insight by Propulsion

Motor yacht segment is expected to witness large revenue in the foreseen period. A considerable demand has been witnessed for the same on account of its benefits, such as large distance coverage, high speed, and power, among others. Besides, several individuals have extensively preferred it for the advanced equipment and systems deployed in the motor yachts, which have positively impacted the segment’s growth fortune.

The sailing yachts segment is projected to record the second-highest CAGR in the global market, backed by several factors, including increasing focus on leisure activities and the growing technological developments in these ships that make them more attractive options among the buyers.

Geographic Overview

Geographically, Europe is expected to dominate the global market in 2020. The demand in the European countries is mainly driven by the growing number of high net-worth individuals and the increasing popularity of fishing activities and water sports. For instance, in 2018, German residents took almost 142 million trips, which is the largest number of leisure and vacation trips performed in Europe.

However, in the approaching years, passenger traffic in marine tourism is growing dramatically due to the attractiveness of the region and current supportive policies. This is further anticipated to raise the investments in recreational activities, which, in turn, is expected to aid the adoption of the yacht in the region. In North America, the favorable growth in the number of yacht passengers is one of the major factors amplifying the demand for the regional market. Furthermore, the exponential rise in the travel & tourism markets due to rising disposable income, along with the increasing number of international tourist visits, is further augmenting the market growth in the region.

According to the World Bank Group, in 2010, nearly 99.5 million international tourists visited North America, which increased to 137.1 million in 2017. The increased number of international passenger visits is an important driver bolstering the region’s growth. Moreover, Asia Pacific is expected to witness a high CAGR in the global market in 2020. The demand in the region is anticipated to increase over the forecast period favorable government policies such as Swadesh Darshan Scheme and the flagship Incredible India, coupled with a rise in investment by the high-net-worth individuals seeking rich life experience.

By 2030, China including, other Asian countries such as India, Indonesia, and Malaysia expected to have a large proportion of middle-income societies, followed by younger millennials having high disposable income. Thus, many consumers and tourist agencies have now recognized the consumption of yachts for recreational activities, so the market is gaining significant prominence in the Asian economy.

Competitive Landscape

Some of the Major Players operating the global market include Azimut Benetti Group, Baglietto s.p.a, Bavaria Yachtbau GmbH, Damen Shipyards Group, Ferretti S.p.A., Heesen Yachts, Princess Yachts Limited, Sunseeker International, Sanlorenzo Yachts, and Viking Yacht Company.

Yacht Market Report Scope

  • Objectives of the Study
  • Market Scope
  • Assumptions
  • Stakeholders
  • Market Highlights
  • Data Mining
  • Primary Sources
  • Secondary Sources
  • Yacht – Industry Snapshot
  • Increasing high net worth of individuals
  • Growing interest towards luxury tourism
  • High operational costs
  • Bargaining Power of Suppliers (Moderate)
  • Threats of New Entrants: (Low)
  • Bargaining Power of Buyers (Moderate)
  • Threat of Substitute (Moderate)
  • Rivalry among existing firms (High)
  • PESTLE Analysis
  • Yacht Market Industry trends
  • COVID-19 Impact Analysis
  • Key Findings
  • Global Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Super, By Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Flybridge, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Sport, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Long Range, by Region, 2016 - 2028 (USD Billion)
  • Global Other Yacht Market, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Up to 20 meters, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by 20 - 50 meters, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Above 50 meters, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Motor, by Region, 2016 - 2028 (USD Billion)
  • Global Yacht Market, by Sailing, by Region, 2016 - 2028 (USD Billion)
  • Key findings
  • Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion)
  • North America: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • North America: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • North America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • U.S.: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • U.S.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • U.S.: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Canada: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Canada.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Canada: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Europe: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Europe.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Europe: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • UK: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • UK.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • UK: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • France: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • France.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • France: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Germany: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Germany.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Germany: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Italy: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Italy.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Italy: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Spain: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Spain.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Spain: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Netherlands: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Netherlands.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Netherlands: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Austria: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Austria.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Austria: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Asia Pacific: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Asia Pacific.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Asia Pacific: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • China: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • China.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • China: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • India: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • India.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • India: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Malaysia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Malaysia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Malaysia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Japan: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Japan.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Japan: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Indonesia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Indonesia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Indonesia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • South Korea: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • South Korea.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • South Korea: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Middle East & Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Middle East & Africa.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Middle East & Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Saudi Arabia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Saudi Arabia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Saudi Arabia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • UAE: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • UAE.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • UAE: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Israel: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Israel.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Israel: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • South Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • South Africa.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • South Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Latin America: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Latin America.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Latin America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Mexico: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Mexico.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Mexico: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Brazil: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Brazil.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Brazil: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Argentina: Yacht Market, by Length, 2016 - 2028 (USD Billion)
  • Argentina.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
  • Argentina: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
  • Acquisitions
  • Partnerships/Collaborations/Agreements/Exhibitions
  • Company Overview
  • Financial Performance
  • Product Benchmarking
  • Recent Development

List of Tables

Table 1 Global Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 2 Global Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 3 Global Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 4 Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion) Table 5 North America: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 6 North America: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 7 North America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 8 U.S.: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 9 U.S.: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 10 U.S.: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 11 Canada: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 12 Canada: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 13 Canada: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 14 Europe: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 15 Europe: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 16 Europe: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 17 UK: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 18 UK: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 19 UK: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 20 France: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 21 France: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 22 France: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 23 Germany: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 24 Germany: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 25 Germany: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 26 Italy: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 27 Italy: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 28 Italy: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 29 Spain: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 30 Spain: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 31 Spain: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 32 Netherlands: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 33 Netherlands: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 34 Netherlands: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 35 Austria: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 36 Austria: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 37 Austria: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 38 Asia Pacific: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 39 Asia Pacific: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 40 Asia Pacific: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 41 China: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 42 China: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 43 China: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 44 India: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 45 India: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 46 India: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 47 Malaysia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 48 Malaysia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 49 Malaysia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 50 Japan: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 51 Japan: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 52 Japan: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 53 Indonesia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 54 Indonesia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 55 Indonesia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 56 South Korea: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 57 South Korea: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 58 South Korea: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 59 Middle East & Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 60 Middle East & Africa: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 61 Middle East & Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 62 Saudi Arabia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 63 Saudi Arabia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 64 Saudi Arabia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 65 UAE: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 66 UAE: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 67 UAE: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 68 Israel: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 69 Israel: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 70 Israel: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 71 South Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 72 South Africa: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 73 South Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 74 Latin America: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 75 Latin America: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 76 Latin America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 77 Mexico: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 78 Mexico: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 79 Mexico: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 80 Brazil: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 81 Brazil: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 82 Brazil: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 83 Argentina: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 84 Argentina: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 85 Argentina: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)

List of Figures

Figure 1. Global Yacht Market, by Length, 2016 - 2028 (USD Billion) Figure 2. Integrated Ecosystem Figure 3. Research Methodology: Top-Down & Bottom-Up Approach Figure 4. Market by Geography Figure 5. Porter’s Five Forces Figure 6. Market by Length Figure 7. Global Yacht Market, by Length, 2016 & 2028 (USD Billion) Figure 8. Market by Type Figure 9. Global Yacht Market, by Type, 2016 & 2028 (USD Billion) Figure 10. Market by Propulsion Figure 11. Global Yacht Market, by Propulsion, 2016 & 2028 (USD Billion) Figure 12. Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion) Figure 13. Strategic Analysis – Yacht Market

Report Scope

Yacht Market, Type Outlook (Revenue, USD Billion, 2016 - 2028)

  • Super Yacht
  • Flybridge Yacht
  • Sport Yacht
  • Long Range Yacht

Yacht Market, Length Outlook (Revenue, USD Billion, 2016 - 2028)

  • Up to 20 meters
  • 20 - 50 meters
  • Above 50 meters

Yacht Market, Propulsion Outlook (Revenue, USD Billion, 2016 - 2028)

  • Motor Yacht
  • Sailing Yacht

Yacht Market, Regional Outlook (Revenue, USD Billion, 2016 - 2028)

Qualitative Analysis

  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Product benchmarking
  • Latest strategic developments
  • Price Trend Analysis

Quantitative Analysis

  • Market size, estimates, and forecasts from 2016 - 2028
  • Market size and revenue estimates for type up to 2028
  • Market revenue estimates for length up to 2028
  • Market revenue estimates for propulsion up to 2028
  • Regional market size and forecast up to 2028
  • Company financials

We take great pride in "Delivering game-changing business opportunities reports with report customizations", so please don't hesitate to share with us your unique interests and business difficulties in much more detail.

This website is secure and your personal details are safe. Privacy Policy

© 2024 Polaris Market Research and Consulting. All rights reserved

paypal

  • Transportation & Logistics
  • Luxury Yacht Market

"Market Intelligence for High-Geared Performance"

Luxury Yacht Market Size, Share & COVID-19 Impact Analysis, By Type (Motor Yachts and Sailing Yachts), By Size (Up to 50 Meters, 50 to 100 Meters, and More than 100 Meters), By Application (Personal use and Commercial use), and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI105396

  • Segmentation
  • Methodology
  • Infographics
  • Request Sample PDF

KEY MARKET INSIGHTS

The global luxury yacht market size was valued at USD 6.40 billion in 2022. The market is projected to grow from USD 7.67 billion in 2023 to USD 13.67 billion by 2030, exhibiting a CAGR of 8.6% during the forecast period.

A luxury yacht is a high-end recreational vehicle offering exclusive and luxurious amenities along with accommodation. These vessels are loaded with the most advanced features for their users. Luxurious yachts include spacious cabins, staterooms, a pantry facility, multiple decks with entertainment facilities, water sports equipment, such as jet skis, and water toys. They are also equipped with advanced navigation and safety systems. These vessels can be privately or commercially owned. Their demand has increased steadily in recent years. This can be attributed to lifestyle changes, such as increasing wealth, recreation & leisure trends, and growing yacht tourism.

COVID 19 IMPACT:

Growing Need for Seclusion to Surge Private Yachting Demand Post COVID-19 Pandemic

The pandemic had a major impact on the luxury yacht market growth. As the COVID-19 pandemic spread rapidly across the world, several countries closed their borders and restricted travel. This had a major impact on the travel & tourism industry. Initially, the market experienced a slowdown in sales and demand due to global uncertainty and travel restrictions. Many potential buyers postponed or canceled their purchases, causing a decline in sales. Ever since the first case of infection was reported, people grew more sensitive and cautious about protecting themselves from exposure to the virus. One of the steps that people had adopted toward staying safe was refraining from travel. This led to declining charter bookings, revenues, and demand for luxury yachts. Canceled yacht shows and events kept the potential buyer away from the market.

  • For instance, in November 2021, The Ritz-Carlton Yacht Collection luxury cruise line had to postpone its inaugural voyage of its first ship, the Evrima, from November 2021 to May 6, 2022.

As travel restrictions eased and vaccination rates surged, the demand for luxury yachts increased. An increase in the desire for seclusion and social distancing among affluent individuals led to private yachting, creating more demand for yachts. The pandemic prompted a shift in travel preferences as well. Remote and off-beaten paths gained popularity among tourists. Buyers were inclined to customize their yachts to suit their requirements, such as personalized onboard amenities, state-of-the-art entertainment systems, wellness facilities, and eco-friendly features.

Despite initial challenges, the luxury yacht market trends demonstrated resilience and adaptability toward changing scenarios during the outbreak. Luxury yacht manufacturers and brokers adjusted their policies to meet the changing customer demands. The market has been recovering, depending on local economic conditions and has indicated a positive outlook.

LATEST TRENDS

Request a Free sample to learn more about this report.

Electrification of Yachts a Growing Market Trend

Yacht manufacturers are expected to increase the production of electric yachts as they switch to batteries to produce zero-emission products. The prevalence of clean propulsion technology will drive the growth of electric yachts in the future. Electric yachts have few moving parts and do not require engine oil or gas. Additionally, these yachts are quiet and require little maintenance.

Electric luxury yachts produce more torque and efficiently convert stored kinetic energy into electricity. These yachts are environmentally friendly and emit no carbon dioxide, thereby reducing greenhouse gas emissions. A tough regulatory environment for traditional yachts and rising fuel prices will pave the way for the solid growth of electric yachts in the future. Huge investments from various manufacturers and government support measures will accelerate the demand for electric yachts. Moreover, companies are investing in R&D to develop new concepts for electrification. For instance, in June 2023, Porsche and Frauscher Shipyard announced the development of the Frauscher x Porsche 850 Fantom Air, an innovative electric yacht.

This venture marks Porsche's ambition to extend its electric prowess beyond the road and racing cars to promote maritime sustainability. This model combines aesthetics and innovation; the yacht utilizes the Premium Platform Electric (PPE) technology. It is integrated a high-capacity 100 kWh lithium-ion battery , the latest-generation permanently excited synchronous electric motor (PSM), and state-of-the-art power electronics.

DRIVING FACTORS

Increasing Number of UHNWIs to Surge Product Demand

The proportion of Ultra-high Net Worth Individuals (UHNWIs) continues to rise. The superyacht industry has benefited from the proliferation of billionaires and super-rich people. Most, if not all, yacht brokerage firms are reporting record sales at the world's leading shipyards and their backlogs continue to grow.

This positive trend has also spread to the yacht market, with record numbers of first-time charters registered in 2021. New charter customers accounted for around 40% of the luxury charter market in 2021, according to the latest yacht marketing insights from Fraser, one of the world's leading yacht brokerage firms. More ultra-rich people want to make extravagant investments to suit their lifestyle. The rising interest in luxury yachts around the world will drive the market. In addition to this, the number of wealthy individuals around the world continues to grow. The luxury yacht market share is expected to grow at a robust pace during the forecast period owing to the rising interest in luxury cruising and a steady increase in high-net-worth companies, especially in the Asia Pacific region.

RESTRAINING FACTORS 

Environmental Concerns Related to Yachting Activities to Restrain Market Growths

Yachts have a significant impact on marine ecosystems. In busy waterways, the presence of luxury yachts can lead to algae and sedimentation, blocking solar radiation, degrading the water quality, and hampering marine life. In addition, sediments on yachts can change the water chemistry, making it either alkaline or acidic. The chemicals used to wash, operate, and protect yachts often mix with the water and seriously impact the environment, killing and debilitating wildlife. Since freshwater is commonly used for drinking water and fishing, such toxins in freshwater can affect humans as well.

New motor yachts, jet skis, sailing yachts, and other leisure boats have strict limits for nitrogen oxides (NOx), particulate matter, and hydrocarbons (HCs). In September 2021, representatives from the California Air Resources Board (CARB) proposed emission regulations for commercial yachts. Through these regulations, CARB aims to minimize harmful gas emissions. As recreational sailing is popular, protecting marine ecosystems and the environment has become an uphill battle. Regulatory measures and educational programs help raise awareness and reduce yacht-related pollution. But protecting aquatic life and human health requires a concerted effort by yacht manufacturers, consumers, and regulators.

According to the International Maritime Organization, marine tourism resources are subject to various global threats to the oceans and marine systems, mainly due to anthropogenic factors. These include climate change, overfishing, bottom trawling (fishing nets along the seafloor), migration of invasive species, changes in inputs of waste, nutrients, and sediments to coastal and marine ecosystems, coastal urbanization, and loss of resources and natural capital in coastal areas, especially coastal wetlands.

SEGMENTATION

By type analysis.

To know how our report can help streamline your business, Speak to Analyst

Higher Comfort Offered by Motor Yachts to Boost Their Demand

The market, based on type, is fragmented into motor yachts and sailing yachts. Motor yachts are the dominant and fastest growing segment. Motorized yachts provide larger space since they do not rely on winds and can cruise at high speeds, making them suitable for long-distance travels.

Sailing yachts have also showcased a significant growth rate in the market. This growth is due to their eco-friendliness and affordability. Sailing yachts have lesser budgets than motor yachts and are safer and more reliable.

By Size Analysis

Up to 50 Meters to Hold Largest Market Share Due to Affordability and Diverse Use

By size, the market is classified into up to 50 meters, 50 to 100 meters, and more than 100 meters. The up to 50-meter segment accounts for the largest global luxury market share. These yachts can be utilized for both personal activities and commercial use.

The demand for superyachts and megayachts is rising in most developed countries and there has been a notable surge in tourism in these nations. Therefore, the 50-100 meters segment is expected to record the highest CAGR, while the more-than 100 meters segment may exhibit a significant growth rate during the forecast period.

By Application Analysis

Rising Disposal Income to Boost Product Use for Personal Activities

By application, the market is divided into personal use and commercial use.

In 2022, the personal use segment held the largest market share. Rapid urbanization, rising living standards, rising personal disposable incomes, and growing population of high net worth individuals have increased the spending on luxury goods and leisure activities. These factors are anticipated to fuel the growth of the personal use segment. Therefore, luxury yacht services have also seen a significant increase in demand in recent years.

Rising commercial get-togethers, such as corporate events, parties, sailing competitions, and fishing activities have boosted the commercial use segment growth.

REGIONAL INSIGHTS

Europe Luxury Yacht Market Size, 2022 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

Regionally, the market is analyzed across North America, Europe, Asia Pacific, and Rest of the World.

Europe is expected to hold the largest market share. This region has the potential to dominate the market due to the strong growth of maritime tourism and wide range of tourist destinations. Countries, such as Croatia, Greece, France, Spain, and Italy are the region's top tourist destinations and highest income earners. The rise in the popularity of fishing activities and water sports and growing upper-class population are expected to drive the market development in the region during the forecast period. Rising booking of European air tickets, strong online demand for yacht charter service providers, and increased issueance of vessel permits are expected to drive market growth in the region. The region's wealthy population is also likely to drive the market growth.

North America holds the second-largest position in the market as the region's diverse coasts have become great cruise destinations. The U.S. dominates this regional market due to the presence of major charter hubs within the country.

Asia Pacific is expected to be the fastest growing region in the next few years. This growth has been credited to rapid urbanization, rising living standards, and rising disposable incomes. Leisure activities, such as fishing and water sports are becoming more popular in Thailand, Malaysia, Singapore, China, Japan, and Australia. Maritime tourism is also rising, presenting significant opportunities for yacht manufacturing companies. In addition, aggressive government initiatives for marine tourism development, especially in countries, such as India and China, are expected to boost the regional market growth.

KEY INDUSTRY PLAYERS

Significant Product Offerings by Azimut Benetti Will Strengthen its Growth Prospects

Azimut Benetti is the first among all key players leading a global private group in the yachting sector, established in 1969 and headquartered in Viareggio, Italy. It has more than 50 years of experience in the sector. The company has achieved 60% growth in the last four years, and has 526,000 sq.m. of a production facility and 138 showrooms in 80 countries globally. It is known for continuous innovation and experimentation; it has been the world’s leading manufacturer of mega yachts and shipyard with the widest range of models for 23 years. The company has 168 projects under construction, totaling 5,991 meters in length, making it rank first, for the 23rd time in a row, in the annual ranking of the largest yacht builders. The company has major brands, such as Azimut, Benetti, Yachtique, and Lusben.

LIST OF KEY COMPANIES PROFILED:

  • Azimut Benetti S.p.A. (Italy)
  • Sanlorenzo S.p.A (Italy)         
  • Ferretti Group (Italy)
  • Feadship (Netherlands)
  • Princess Yachts (U.K.)
  • Sunseeker Yachts (U.K.)
  • Fr. Lurssen Werft GmbH & Co. KG (Germany)
  • ISA Yachts (Italy)
  • Ocean Alexander (Taiwan)
  • Kingship Marine Limited (China)

KEY INDUSTRY DEVELOPMENTS:

  • June 2023: Sanlorenzo launched a 47-meter explorer yacht called Para Bellum. The company’s tenth yacht is in its high-selling 460-500 EXP series. It is powered by twin Caterpillar engines that reach a cruising speed of 13 knots.
  • May 2023: The Kadey-Krogen Group (Florida) acquired American Tugs in LaConner, Washington. American Tugs was founded in 1999 and is a leading builder of high-quality, U.S.-built coastal cruisers with a vast customer base in North America and Europe. The company has delivered over 250 cruising yachts and five commercial vessels from its 2,600 sq.m. facility.
  • April 2023: Ferretti Group launched the Pershing 140. It is the company’s first flagship model entirely built from aluminum in the Ancona facility. The Pershing 140 yacht is equipped with four MTU 16V 2000 M96L engines, each rated at 2,600 hp, providing a cruising speed of 35 knots and a top speed of 38 knots.
  • March 2023: Ferretti Group, a leader in luxury yacht manufacturing, acquired a 70,000-sq.m. production site in Ravenna. The company planned to invest USD 87 million in its new facility to build new production spaces and R&D centers. The company aims that with this new facility, there will be a 20% increase in its production.
  • September 2022: Ferretti Group acquired significant stakes in Masello Srl and Fratelli Canalicchio SpA. Both companies are Italy-based. Masello Srl, based in Fano, Italy, is an expert in wooden furniture for yachts and recently launched an innovative onboard assembly service. Fratelli Canalicchio SpA, based in Narni, Italy, specializes in static exteriors and automatic kinetic systems for yachts.

REPORT COVERAGE

An Infographic Representation of Luxury Yacht Market

Luxury Yacht Market

To get information on various segments, share your queries with us

The market report provides a detailed analysis and focuses on key aspects, such as leading companies, product types, end-users, design, and technology. Besides this, it offers in-depth insights into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth in recent years.

Report Scope & Segmentation

Frequently asked questions.

Fortune Business Insights says that the global market was valued at USD 6.40 billion in 2022. The global market is projected to grow to USD 13.67 billion by 2030.

The market is expected to register a CAGR of 8.6% during the forecast period of 2023-2030.

Increasing number of UHNWIs across the globe is expected to surge the market growth.

Europe led the global market in 2022.

Seeking Comprehensive Intelligence on Different Markets? Get in Touch with Our Experts

  • PUBLISHED ON: Aug, 2023
  • BASE YEAR: 2022
  • HISTORICAL DATA: 2019-2021
  • NO OF PAGES: 200

CHOOSE LICENSE TYPE

Single user license:

  • Allows report access to only one user
  • 3 months of post-purchase analyst support

Multiple user license:

  • Allows report access to up to six users
  • 6 months of post-purchase analyst support

Corporate/Enterprise user license:

  • Allows report access to unlimited users
  • 12 months of post-purchase analyst support

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Request Customization Banner

Automotive & Transportation Clients

Hitachi

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

“I just finished my first pass-through of the report. Great work! Thank you!”

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

Get in Touch with Us

+1 424 253 0390 (US)

+44 2071 939123 (UK)

+91 744 740 1245 (APAC)

[email protected]

  • Request Sample

Sharing this report over the email

Popup Speak to Analyst

The global luxury yacht market size is projected to grow from $7.67 billion in 2023 to $13.67 billion by 2030, at a CAGR of 8.6% during the forecast period

Read More at:-

yacht market

  • Immediate access to statistics, forecasts & reports
  • Usage and publication rights
  • Download in various formats

You only have access to basic statistics.

  • Instant access  to 1m statistics
  • Download  in XLS, PDF & PNG format
  • Detailed  references

Business Solutions including all features.

Other statistics that may interest you

  • Size of the river cruise ship market worldwide 2018-2027
  • Yachts - U.S. monthly exports 2018
  • Yachts - leading builders based on orders 2014
  • England: family memberships in the Royal Yachting Association 2018, by region
  • United Kingdom: number of Royal Yachting Association (RYA) clubs 2016, by country
  • England: share of people who got brought back to boating 2016, by reason
  • Export value of yachts, rowing boats and canoes from Turkey 2011-2022
  • Gross tonnage of new cruise ship orders worldwide 2015-2022
  • Gross tonnage of new cruise ship orders worldwide by region 2022
  • Gross tonnage of cruise ship deliveries worldwide by region 2022
  • Value of various global luxury markets 2022, by market type
  • Superyachts - worldwide fleet size 2014-2016
  • Revenue breakdown of Hermès worldwide 2022, by segment
  • Global number of Hermès stores 2007-2022
  • CAGR of the leading global luxury companies between 2018-2022
  • Share of women working for the L'Oréal Group 2022, by type of position
  • Share of people with disabilities working for LVMH 2017-2020, by geographical region
  • Packaging given to customers by LVMH 2020, by material
  • Share of women working for the LVMH Group 2022, by business category
  • Number of disabled employees at the L'Oréal Group 2015-2020
  • Distribution of Chanel's carbon emissions 2019, by source
  • Luxury goods: tax-free transactions: annual growth in Europe 2017-2018, by country
  • Argentina: luxury goods sales value 2017-2022
  • Millennials: preferences about luxury brand sustainability and ethics in the UK 2017
  • Origin of luxury brands available in Poland 2016, by country
  • Reasons for purchasing luxury goods among Chinese consumers 2019
  • Dolce & Gabbana: EBITDA margin 2017-2022
  • Revenue of the Swiss watchmaking industry 2001-2016
  • Brazil: luxury brands sector growth rate 2016-2018
  • Purchase channels for luxury cosmetics in the U.S. 2018
  • Huntington Ingalls Industries: revenue 2013-2018
  • Huntington Ingalls Industries: R&D expenses 2015-2018
  • Huntington Ingalls Industries: revenue by segment 2018
  • Global shipbuilding order book 2022, by vessel type
  • Gross tonnage of cruise ships in the global order book by region 2022
  • Philly Shipyard - order intake 2014-2022
  • Number of commercial vessels scrapped worldwide by country 2022
  • Number of commercial vessels dismantled worldwide 2013-2022
  • Average age of vessels scrapped worldwide 2013-2022
  • Age distribution of the world merchant fleet by vessel type 2022

Other statistics that may interest you Statistics on

About the industry

  • Premium Statistic Size of the river cruise ship market worldwide 2018-2027
  • Premium Statistic Yachts - U.S. monthly exports 2018
  • Premium Statistic Yachts - leading builders based on orders 2014
  • Premium Statistic England: family memberships in the Royal Yachting Association 2018, by region
  • Premium Statistic United Kingdom: number of Royal Yachting Association (RYA) clubs 2016, by country
  • Premium Statistic England: share of people who got brought back to boating 2016, by reason
  • Premium Statistic Export value of yachts, rowing boats and canoes from Turkey 2011-2022
  • Premium Statistic Gross tonnage of new cruise ship orders worldwide 2015-2022
  • Premium Statistic Gross tonnage of new cruise ship orders worldwide by region 2022
  • Premium Statistic Gross tonnage of cruise ship deliveries worldwide by region 2022

About the region

  • Premium Statistic Value of various global luxury markets 2022, by market type
  • Premium Statistic Superyachts - worldwide fleet size 2014-2016
  • Basic Statistic Revenue breakdown of Hermès worldwide 2022, by segment
  • Basic Statistic Global number of Hermès stores 2007-2022
  • Premium Statistic CAGR of the leading global luxury companies between 2018-2022
  • Premium Statistic Share of women working for the L'Oréal Group 2022, by type of position
  • Premium Statistic Share of people with disabilities working for LVMH 2017-2020, by geographical region
  • Premium Statistic Packaging given to customers by LVMH 2020, by material
  • Premium Statistic Share of women working for the LVMH Group 2022, by business category
  • Premium Statistic Number of disabled employees at the L'Oréal Group 2015-2020

Other regions

  • Basic Statistic Distribution of Chanel's carbon emissions 2019, by source
  • Premium Statistic Luxury goods: tax-free transactions: annual growth in Europe 2017-2018, by country
  • Premium Statistic Argentina: luxury goods sales value 2017-2022
  • Premium Statistic Millennials: preferences about luxury brand sustainability and ethics in the UK 2017
  • Premium Statistic Origin of luxury brands available in Poland 2016, by country
  • Premium Statistic Reasons for purchasing luxury goods among Chinese consumers 2019
  • Basic Statistic Dolce & Gabbana: EBITDA margin 2017-2022
  • Premium Statistic Revenue of the Swiss watchmaking industry 2001-2016
  • Premium Statistic Brazil: luxury brands sector growth rate 2016-2018
  • Premium Statistic Purchase channels for luxury cosmetics in the U.S. 2018

Related statistics

  • Premium Statistic Huntington Ingalls Industries: revenue 2013-2018
  • Premium Statistic Huntington Ingalls Industries: R&D expenses 2015-2018
  • Premium Statistic Huntington Ingalls Industries: revenue by segment 2018
  • Premium Statistic Global shipbuilding order book 2022, by vessel type
  • Premium Statistic Gross tonnage of cruise ships in the global order book by region 2022
  • Premium Statistic Philly Shipyard - order intake 2014-2022
  • Premium Statistic Number of commercial vessels scrapped worldwide by country 2022
  • Premium Statistic Number of commercial vessels dismantled worldwide 2013-2022
  • Premium Statistic Average age of vessels scrapped worldwide 2013-2022
  • Premium Statistic Age distribution of the world merchant fleet by vessel type 2022

Further related statistics

  • Basic Statistic UK cyber security: total software & IT services market size 2010-2017
  • Premium Statistic U.S. value of automotive parts sourced from U.S. located suppliers 2000-2010
  • Basic Statistic Revenue forecast for the U.S. toys and games market 2009-2014

Further Content: You might find this interesting as well

  • UK cyber security: total software & IT services market size 2010-2017
  • U.S. value of automotive parts sourced from U.S. located suppliers 2000-2010
  • Revenue forecast for the U.S. toys and games market 2009-2014

Christmas and New Year Offer : Single User - 20% Discount | Corporate User - 25% Discount | Regional Report - 15% Discount

Yacht Market: Global Industry Analysis and Forecast (2024-2030)

“ Christmas and New Year Offer : Single User - 20% Discount | Corporate User - 25% Discount | Regional Report - 15% Discount ”

  • Request Sample
  • Customization

Yacht Market Overview

Yacht Market

Yacht Market Dynamics

Yacht market regional insights, yacht market segment analysis, yacht market competitive landscape.

Yacht Market1

Yacht Market Scope: Inquire before buying

Yacht market by region, yacht key players are:, about this report.

  • INQUIRE BEFORE BUYING

Related Reports

Our clients, report payment, get call back from us.

  • IT & Telecommunication
  • Electronics
  • Chemical & Material
  • Energy & Power
  • Food & Beverages
  • Automotive & Transportation
  • Aerospace & Defense
  • Life Science
  • Biotechnology
  • Automation & Process Control
  • Mining & Metals
  • Engineering Equipment
  • Medical Devices
  • Consumer Goods & Services
  • Subscription Model
  • Competitive Intelligence
  • Advance Analytics
  • Technologies
  • Go-To-Market Strategy
  • Market Potential
  • Mergers and Acquisitions
  • Pricing Analysis
  • Supply Chain Consultation
  • Press Releases

logo

Yacht Charter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Yacht Charter Market is Segmented by Charter Type (Bareboat, Cabin, and Crewed), Yacht Type (Sailing Yacht, Motorboat Yacht, and Other Yacht Types), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecasts for the Yacht Charter Market in Value (USD Billion) for the Above Segments.

  • Yacht Charter Market Size

Yacht Charter Market Summary

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

Team License

Corporate License

Yacht Charter Market Analysis

The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period.

The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027,

The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic. The impact was clear on the industry, as several companies confronted instabilities with their supply chain. Furthermore, the lack of skilled labor impacted the market growth. The key players are doing their best to counter the situation. Additionally, rising global participation in competitive and recreational boating activities and growing corporate tourism activities are expected to significantly support the demand of the target market.

Over the medium term, the factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of people, and rising disposable income are anticipated to drive the yacht charter market during the forecast period. Seeing the potential of the market, numerous associated businesses, like yacht management, that support the construction of new yachts are also entering the market. Yacht charter companies are currently concentrating on vertical integration with major yacht manufacturers to intensify their revenue.

However, factors like high costs of yacht taxation policies and rentals in certain regions are impeding the market growth.

Asia Pacific is expected to be the fastest-growing region. Rising recreational activity popularity, as evidenced by increased participation in marine recreational activities in countries such as Australia, Indonesia, Thailand, and Singapore, is expected to support regional growth.

  • Yacht Charter Market Trends

Augmentation in Fleet Size by Key Players is Propelling the Market Growth

Numerous yacht charter companies are adding new yachts to remain ahead of their competitors, as several charter companies have contracts with yacht manufacturers to ensure that the new yachts are provided to them for chartering. For instance,

  • In February 2022, Imperial Yacht announced that with the collaboration of Amels and Damen Yachting, the launch of Project AMELS 242-07 is scheduled to be delivered this summer.
  • In March 2021, Imperial Yacht announced the signing of a new 100-meter project, Project Titanium, in collaboration with The Italian Sea Group, the parent company of Admiral Yachts. Project Titanium, which is scheduled to be delivered in 2025.

With the addition of new yachts in the fleet, charter companies invested huge amounts in upgrading their fleet. For instance,

  • In May 2021, Northrop & Johnson announced closing deals, including the 120-foot (37m) Benetti motor yacht TANUSHA, two Pershing yachts LOUNOR, and AMJU, the 130-foot (39.7m) classic superyacht ARIONAS from Lürssen.

Yacht Charter Market : Revenue Share (%), By Charter Type, 2021

Europe and North America are Anticipated to Lead the Market

Europe is preferred as one of the top destinations for marine culture. Northern Europe has a very rich culture of yacht charters. Countries, like Germany, Sweden, England, Denmark, Scotland, Ireland, Norway, and Russia, have the existence of a variety of options to select from motor yachts, luxury yachts, and crewed yachts. Several superyachts are also available for charter along with expedition/explorer yachts. The summer season is the finest time to charter a yacht in Europe.

Correspondingly, most clients in North America selected to visit chartered destinations to avail of large discounts. In the United States, consumers are oriented toward comfort over performance. The Northern American yachting season is from May to October, whereas in South America, it runs from January to September. Florida has one of the largest gatherings of private superyachts. It has two coastal borders, one in the Atlantic and the other in the Gulf of Mexico, and it holds around 30,000 lakes.

Several countries are reforming their tax regulation and rules, which is concerning the yacht charter market. For instance, in January 2020, the French Tax Authorities released an official tax bulletin with some new rules, which will affect charter contracts signed after March 30, 2020. The VAT will be charged at a 20% rate when the yacht is sailing in EU water bodies, and there will be no VAT while sailing in international waters. If any boat is in EU waters, it is fully subjected to VAT.

As developments in the current situation are constant and fluid, one would expect that certain measures are put in place, comprising governmental and legislations directives, which would give some assurance to the industry.

Yacht Charter Market - Growth Rate by Region (2022 - 2027)

Yacht Charter Industry Overview

The yacht charter market is moderately fragmented, with many active players. The market is witnessing the emergence of many new start-ups. Some of the major players in the market are Burgess, Northrop & Johnson, and Dream Yacht Charter. The companies are expanding their presence by increasing their fleet size and partnering with small players. Key players are expanding their presence by tapping into new and unexplored markets.

  • In February 2022, Northrop & Johnson made a partnership with NetJets. This partnership will provide customers with luxurious, comfortable, and memorable travel experiences.
  • In May 2021, Ocean Independence announced the addition of SOULMATE to the Ocean Independence charter fleet. SOULMATE is an award-winning 34m Dreamline superyacht that combines an elegant Italian interior with comfort and safety.
  • In May 2020, Ocean Independence announced that it added 44m Burger motor yacht PURE BLISS to its charter fleet. This seven-stateroom superyacht can accommodate 12 guests, with exceptional features, such as elevator access up to three decks and a great range of water sports toys.

Yacht Charter Market Leaders

Dream Yacht Charter

OceanBLUE Yachts Ltd.

Simpson Marine

Northrop and Johnson

*Disclaimer: Major Players sorted in no particular order

Yacht Charter Market Concentration

Yacht Charter Market News

  • In January 2022, Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, especially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
  • In January 2021, Burgess announced a new partnership with Marine Solutions in India. With this collaboration, Burgess aims to better serve its existing clients and build new relationships in India, enhancing its charter offering in the Indian Ocean.
  • In January 2021, Northrop & Johnson announced a partnership with Ulysse Nardin to further enhance the offerings, experience, and value to the wealthy and discerning clientele.

Yacht Charter Market Report - Table of Contents

1. INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

5.1 By Charter Type

5.1.1 Bareboat

5.1.2 Cabin

5.1.3 Crewed

5.2 By Yacht Source

5.2.1 Sailing Yacht

5.2.2 Motorboat Yacht

5.2.3 Other Yacht Sources

5.3 By Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Japan

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Rest of the World

5.3.4.1 Brazil

5.3.4.2 Mexico

5.3.4.3 United Arab Emirates

5.3.4.4 Other Countries

6. COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Dream Yacht Charter

6.2.2 Yachtico

6.2.3 Asta Yachting

6.2.4 OceanBLUE Yachts Ltd

6.2.5 Simpson Marine

6.2.6 Ocean Independence

6.2.7 Imperial Yachts

6.2.8 Northrop and Johnson

6.2.10 Burgess

  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

Yacht Charter Industry Segmentation

Yacht charters are typically used for leisure, business, and vacation activities. A yacht charter offers a convenient and easy way to enjoy a long holiday with friends and family without owning a yacht. Yacht charter firms provide the yacht and deliver the best itinerary as per the requirements of the clients, with crew and captain and online or on-call support till total charter duration.

The yacht charter market is segmented by charter type, yacht type, and geography. By charter type, the market is segmented into the bareboat, cabin, and crewed. By yacht type, the market is segmented into sailing yacht, motorboat yacht, and other yacht types.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Yacht Charter Market Research FAQs

What is the current yacht charter market size.

The Yacht Charter Market is projected to register a CAGR of 5.79% during the forecast period (2024-2029)

Who are the key players in Yacht Charter Market?

Dream Yacht Charter, OceanBLUE Yachts Ltd., Burgess, Simpson Marine and Northrop and Johnson are the major companies operating in the Yacht Charter Market.

Which is the fastest growing region in Yacht Charter Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Yacht Charter Market?

In 2024, the Europe accounts for the largest market share in Yacht Charter Market.

What years does this Yacht Charter Market cover?

The report covers the Yacht Charter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Yacht Charter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

What drives the Global Yacht Charter Market growth?

The Key Drivers of the Global Yacht Charter Market are: a) Rising disposable incomes b) Desire for unique travel experiences c) Growing interest in water-based activities and personalized travel experiences d) Increasing yachting infrastructure

What are the key challenges for the Global Yacht Charter industry?

Key Challengers in the Yacht Charter Industry are: a) Seasonal variations in demand b) High operational costs c) Stringent Regulations d) Environmental concerns, and e) fluctuating fuel prices

Our Best Selling Reports

  • Contrast Media Injectors Market
  • Healthcare IT Market
  • Electronic Warfare Market
  • Smartwatch Market
  • Data Governance Market
  • Ammonia Market
  • Specialty PACS Market
  • Philippines Power Market
  • Digital Signage Market
  • Teeth Whitening Market

Yacht Charter Industry Report

The global yacht charter market is on a significant upward trajectory, fueled by the surging interest in recreational yachting and marine tourism. Offering a wide array of yacht types such as motor, sailing, and luxury yachts with lavish amenities, it serves diverse segments including leisure and business. The market, segmented by contract type, yacht size, and end-user preferences, provides both bareboat and crewed charters to meet varying client needs for privacy and independence. Dominated by Europe and North America, due to their robust tourism sectors and the affluent demographic seeking premium cruising experiences, the market is also benefiting from an increase in fleet sizes by leading players and supportive marine tourism policies. However, it faces hurdles like high charter costs and region-specific tax regulations. Yet, with a growing appetite for luxury and marine leisure activities, the yacht charter market is set for ongoing growth. For detailed market share, size, and revenue growth insights, Mordor Intelligence™ offers comprehensive industry reports, including forecasts and historical overviews, available as free PDF downloads.

Yacht Charter Market Report Snapshots

  • Yacht Charter Market Share
  • Yacht Charter Companies

Please enter a valid email id!

Please enter a valid message!

download-sample-pdf-icon

Yacht Charter Market Get a free sample of this report

Please select an honorfic

Please enter your name

Business Email

Please enter a valid email

Please enter your phone number

yacht market

Get this Data in a Free Sample of the Yacht Charter Market Report

Please enter your requirement

sucess-icon

Thank you for choosing us for your research needs! A confirmation has been sent to your email. Rest assured, your report will be delivered to your inbox within the next 72 hours. A member of our dedicated Client Success Team will proactively reach out to guide and assist you. We appreciate your trust and are committed to delivering precise and valuable research insights.

Please be sure to check your spam folder too.

Sorry! Payment Failed. Please check with your bank for further details.

Share On Twitter

Add Citation APA MLA Chicago

➜ Embed Code X

Get Embed Code

Want to use this image? X

Please copy & paste this embed code onto your site:

Images must be attributed to Mordor Intelligence. Learn more

About The Embed Code X

Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement.

In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server.

  • Automotive Industry

Luxury Yacht Market

Luxury yacht market report by type (sailing luxury yacht, motorized luxury yacht, and others), size (75-120 feet, 121-250 feet, above 250 feet), material (frp/ composites, metal/ alloys, and others), application (commercial, private), and region 2024-2032.

  • Report Description
  • Table of Contents
  • Methodology
  • Request Sample

Market Overview:

The global luxury yacht market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.  The increasing wealth among affluent individuals and their interest in exclusive leisure activities, the growing emphasis on experiential luxury, and the expansion of marine tourism and the advent of luxury charter services are some of the factors that are propelling the market.

A luxury yacht is a highly sophisticated vessel that combines performance, comfort, and style, catering to the tastes of affluent individuals. Often ranging from under one hundred feet to several hundred feet in length, these yachts are characterized by elegant design, state-of-the-art technology, and remarkable amenities. Equipped with advanced navigation systems, powerful engines, and intricate craftsmanship, ensuring optimal functionality and aesthetic appeal. The working mechanism involves the seamless integration of various systems, such as propulsion, stabilization, communication, and entertainment, to provide an unparalleled sailing experience. They are commonly used for private leisure activities, offering privacy, freedom, and a personalized experience. Besides as modes of transportation, these yachts are utilized as a symbol of status and luxury, featuring amenities such as Jacuzzis, gyms, cinemas, and fine dining facilities.

The global market is primarily driven by the increasing wealth among affluent individuals and their interest in exclusive leisure activities. In line with this, the rise in private charters and a preference for customized, high-end designs tailored to individual tastes are also providing an impetus to the market. Moreover, the burgeoning tourism industry and the desire for remote, luxurious travel experiences are also acting as significant growth-inducing factors. In addition to this, technological advancements in navigation, propulsion, and on-board entertainment are resulting in an enhanced appeal for these vessels. The market is further driven by strategic partnerships and collaborations among yacht manufacturers and designers. Some of the other factors contributing to the market include the increasing importance of status symbols among the elite, the influence of global travel trends on luxury spending, the development of advanced docking facilities and extensive investment in research and development (R&D) for innovative yacht features and technologies.

Global Luxury Yacht Market Report

Luxury Yacht Market Trends/Drivers:

Implementation of stricter environmental regulations The introduction of stricter environmental regulations is having a profound impact on the market. As global awareness of environmental issues grows, there is increasing pressure on industries to reduce their carbon footprint and adhere to sustainable practices. In line with this, yacht manufacturers are compelled to innovate and develop eco-friendly yachts that align with both regulatory requirements and the values of environmentally conscious consumers. The integration of renewable energy sources such as solar panels, wind turbines, and hybrid propulsion systems are part of this initiative. Manufacturers are also focusing on using sustainable materials and reducing waste during construction. These environmentally friendly practices are not only meeting legal obligations but also enhancing the appeal of luxury yachts among a new generation of affluent clients who prioritize sustainability. This combination of regulatory compliance and consumer demand is driving substantial investment in research, development, and implementation of green technologies within the industry, setting a new standard for the entire sector.

Growing emphasis on experiential luxury The concept of experiential luxury is another pivotal driver in the market. The high-net-worth individuals are increasingly seeking unique and personalized experiences that reflect their individual tastes and values. This goes beyond mere ownership and extends to how the yacht can provide a one-of-a-kind, luxurious experience. Customized interiors, exclusive amenities, on-board chefs offering gourmet cuisine, and personalized itineraries are some examples of how this trend is being realized. The ability to create memories and offer experiences that are not easily replicable elsewhere is becoming a defining factor in luxury consumption. Yacht manufacturers and designers are collaborating closely with clients to understand their specific needs and desires, allowing them to craft yachts that are more than mere vessels but extensions of their owners' personalities and lifestyles. This focus on experiential luxury is not only meeting but exceeding customer expectations, reinforcing the allure of owning a luxury yacht.

Expansion of marine tourism and the advent of luxury charter services

The remarkable expansion of marine tourism and the advent of luxury yacht charter services have emerged as essential factors driving the luxury yacht market. In recent years, marine tourism has seen significant growth, particularly among affluent travelers seeking unique and opulent vacation experiences. Simultaneously, the rise of luxury yacht charter services has made it possible for more individuals to experience the grandeur of yachting without the need for ownership. These charter services provide flexibility, allowing clients to choose from a wide range of vessels, destinations, and durations, all tailored to individual preferences and budgets. Moreover, partnerships between tourism boards, travel agencies, and yacht charter companies are further promoting marine tourism and making luxury yachts more accessible. This synergy is not only expanding the customer base but is also encouraging continuous innovation in amenities, services, and destinations, ensuring that the luxury yacht market remains vibrant, competitive, and responsive to evolving consumer needs and desires.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Luxury Yacht Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global luxury yacht market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, size, material and application.

Breakup by Type:

To get more information about this market, Request Sample  

  • Sailing Luxury Yacht
  • Motorized Luxury Yacht

Motorized luxury yacht represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the type. This includes sailing luxury yacht, motorized luxury yacht, and others. According to the report, motorized luxury yacht represented the largest segment.

Motorized luxury yachts are favored for their higher speeds and convenience, appealing to clients seeking efficient and swift travel between multiple destinations. Additionally, these yachts provide abundant deck space and luxury amenities, catering to those desiring opulence and entertainment options while on board.

On the other hand, the sailing luxury yacht segment is driven by its strong nautical tradition and the romantic appeal of cruising on the open sea, offering a unique and authentic maritime experience. Moreover, the growing focus on environmental consciousness attracts individuals who view sailing yachts as a greener and more eco-friendly option compared to motorized yachts. Breakup by Size:

  • 75-120 Feet
  • 121-250 Feet
  • Above 250 Feet  

75-120 feet accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the size. This includes 75-120 feet, 121-250 feet, and above 250 feet. According to the report, 75-120 feet represented the largest segment.

Yachts in the 75-120 feet size range strike a balance between spaciousness and maneuverability, attracting clients seeking versatility and access to various cruising destinations. This segment appeals to both private owners looking for a personal yacht and those interested in charter services, supporting market growth through diverse usage.

On the other hand, yachts ranging from 121 to 250 feet offer exclusivity, grandeur, and long-range cruising capabilities, appealing to high-net-worth individuals looking for opulent experiences and the ability to explore remote destinations.

Furthermore, the superyacht category, or yachts above 250 feet provide the ultimate luxury with unparalleled customization possibilities, making them the preferred choice of the most discerning clientele. Furthermore, some yachts in this category are designed for corporate events or operate as charter vessels, catering to both private and commercial demand. Breakup by Material:

  • FRP/ Composites
  • Metal/ Alloys
  • Others  

FRP/Composites represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the material. This includes FRP/composites, metal/ alloys, and others. According to the report, FRP/ composites represented the largest segment.

Yachts constructed with fiberglass-reinforced plastics (FRP) and composites offer innovative design possibilities, allowing for unique and modern aesthetics. Additionally, the lightweight nature of these materials contributes to fuel efficiency, reducing operational costs and appealing to environmentally conscious clients.

On the other hand, metal and alloy construction are known for their durability, making them ideal for clients seeking sturdy and long-lasting yachts capable of withstanding challenging sea conditions. The customization potential in large yachts made from metals and alloys further enhances their appeal to affluent buyers. Breakup by Application:

  • Private  

Commercial accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial and private. According to the report, commercial represented the largest segment. The commercial segment thrives on the demand for charter services, corporate events, and luxury tourism, offering a reliable stream of revenue for yacht companies. Additionally, having a diversified portfolio that includes charter services and events provides stability and growth opportunities in the luxury yacht industry.

On the other hand, the private segment caters to individuals seeking an exclusive and personalized yacht ownership experience, reflecting status and individual preferences. Offering discreet, high-end services such as onboard staff, personalized itineraries, and access to private events enhances the allure of private yacht ownership, driving demand in this segment. Breakup by Region:

To get more information on the regional analysis of this market, Request Sample

United States

  • South Korea

United Kingdom

  • Middle East and Africa  

North America exhibits a clear dominance, accounting for the largest luxury yacht market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market. North America's luxury yacht market thrives on the significant population of high-net-worth individuals who prioritize exclusive leisure experiences. The region's affluent clientele, renowned for their discerning tastes and desire for opulent living, fuel the demand for luxury yachts as the epitome of sophisticated indulgence.

Moreover, the well-established yachting infrastructure in North America plays a pivotal role in supporting and nurturing the luxury yacht market. The presence of world-class marinas, state-of-the-art shipyards, and a plethora of supporting services, ranging from yacht maintenance to concierge assistance, ensures a seamless and lavish yachting experience for clients. This infrastructure not only enhances the convenience of yacht ownership but also fosters a thriving ecosystem for yacht enthusiasts.

Furthermore, the augmenting demand of cruising along the coasts and islands of North America along with the experience of luxurious waterfront destinations contributes to the market growth in the region. As a result, North America offers a diverse range of cruising opportunities that appeal to the elite travelers seeking extraordinary and unforgettable journeys.

Competitive Landscape:

The major yacht manufacturers are heavily investing in research and development. This investment is focused on introducing innovative features, enhancing the sustainability of yachts, and incorporating cutting-edge technology such as advanced navigation systems, hybrid propulsion, and personalized on-board entertainment solutions. In line with the trend towards experiential luxury, many yacht manufacturers are emphasizing customization. They are working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners. As sustainability becomes a key concern for consumers, leading yacht manufacturers are working towards developing eco-friendly models, including the use of renewable energy, sustainable materials, and energy-efficient designs. They are also working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Alexander Marine International
  • Azimut - Benetti S.P.A.
  • Brunswick Corporation
  • Christensen Shipyards LLC
  • Damen Shipyards Group N.V.
  • Feadship Holland B.V.
  • Fincantieri S.p.A. (CDP Industria S.p.A.)
  • Heesen Yachts Sales B.V.
  • Horizon Yacht USA
  • Palumbo Group S.P.A
  • Princess Yachts Limited
  • Sanlorenzo S.p.A.
  • Sunseeker International (Wanda Group)
  • Viking Yacht Company

Recent Developments:

  • In June 2023, Azimut - Benetti S.P.A. and ENI sustainable mobility have signed an agreement for the supply and use of hvolution, the biofuel produced from 100% renewable raw materials. This is the first yachting industry agreement that targets decarbonization.
  • In July 2023, Mercury Marine, a division of Brunswick Corporation announced that it has begun serial production of its new 20e and 35e Avator electric propulsions systems, with release for sale planned for later in 2023. Mercury has committed to the introduction of five Avator products in 2023.
  • Damen Shipyards Group announced the first sale of its innovative Damen Air Cavity System (DACS) to Amisco on July 2023. Damen will retrofit the DACS system to Amisco’s cargo vessel Danita in Tallinn, Estonia. DACs is an air lubrication system, borne out of a collaboration between Damen and the Delft University of Technology (TU Delft). It maintains a thin layer of air over the flat bottom of a vessel’s hull, reducing resistance in the water, thereby lowering drag and friction. As a result, the efficiency of the vessel is improved with fuel consumption reduced by up to 15%.

Luxury Yacht Market Report Scope:

Key benefits for stakeholders:.

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the luxury yacht market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global luxury yacht market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the luxury yacht industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global luxury yacht market was valued at US$ 7.9 Billion in 2023.

We expect the global luxury yacht market to exhibit a CAGR of 8.6% during 2024-2032.

The expanding recreational tourism sector, along with the widespread availability of luxury yachts on lease by yacht fleet operators for organizing business meetings, recreational activities, and events, is primarily driving the global luxury yacht market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in various recreational activities and demand fluctuations for luxury yacht.

Based on the type, the global luxury yacht market has been segmented into sailing luxury yacht, motorized luxury yacht, and others. Currently, motorized luxury yacht holds the majority of the total market share.

Based on the size, the global luxury yacht market can be divided into 75-120 feet, 121-250 feet, and above 250 feet, where 75-120 feet currently exhibits a clear dominance in the market.

Based on the material, the global luxury yacht market has been categorized into FRP/ composites, metal/ alloys, and others. Among these, FRP/ composites account for the majority of the global market share.

Based on the application, the global luxury yacht market can be segregated into commercial and private. Currently, the commercial sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global luxury yacht market include Alexander Marine International, Azimut - Benetti S.P.A., Brunswick Corporation, Christensen Shipyards LLC, Damen Shipyards Group N.V., Feadship Holland B.V., Fincantieri S.p.A. (CDP Industria S.p.A.), Heesen Yachts Sales B.V, Horizon Yacht USA, Palumbo Group S.P.A, Princess Yachts Limited, Sanlorenzo S.p.A., Sunseeker International (Wanda Group), Viking Yacht Company, etc.

India Dairy Market Report Snapshots Source:

Statistics for the 2022 India Dairy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 

  • India Dairy Market Size Source
  • --> India Dairy Market Share Source
  • India Dairy Market Trends Source
  • India Dairy Companies Source

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.

Purchase options

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

yacht market

UNITED STATES

Phone: +1-631-791-1145

yacht market

Phone: +91-120-433-0800

yacht market

UNITED KINGDOM

Phone: +44-753-713-2163

Email: [email protected]

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

  • Competitive Intelligence and Benchmarking
  • Consumer Surveys and Feedback Reports
  • Market Entry and Opportunity Assessment
  • Pricing and Cost Research
  • Procurement Research
  • Report Store
  • Aerospace and Defense
  • Agriculture
  • Chemicals and Materials
  • Construction and Manufacturing
  • Electronics and Semiconductors
  • Energy and Mining
  • Food and Beverages
  • Technology and Media
  • Transportation and Logistics

Quick Links

  • Press Releases
  • Case Studies
  • Our Customers
  • Become a Publisher

134 N 4th St. Brooklyn, NY 11249, USA

+1-631-791-1145

Level II & III, B-70, Sector 2, Noida, Uttar Pradesh 201301, India

+91-120-433-0800

30 Churchill Place London E14 5EU, UK

+44-753-713-2163

Level II & III, B-70 , Sector 2, Noida, Uttar Pradesh 201301, India

We use cookies, including third-party, for better services. See our   Privacy Policy   for more. I ACCEPT X

  • [email protected]
  • +1 718 618 4351 (International)
  • +91 78878 22626 (Asia)

More Results

Yacht Market

Home ➤ Automotive and Transportation ➤ Automotive components ➤ Yacht Market

Global Yacht Market By Type (Flybridge Yacht, Super Yacht, Sport Yacht, Long Range Yacht and Other Types) By Length (Up to 20 Meters, 20-50 Meters and Above 50 Meters) By Propulsion (Motor Yacht and Sailing Yacht) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

  • Published date: Jan 2024
  • Report ID: 29677
  • Number of Pages: 290
  • Table of Contents
  • Major Market Players
  • Request a Sample

Quick Navigation

Market Overview

Key takeaways, opportunity, by type analysis, by length analysis, by propulsion analysis, key market segments, regional analysis, market share & key players analysis, recent developments, report scope.

The Global Yacht Market size is expected to be worth around USD 16.8 Billion by 2033 , from USD 10.3 Billion in 2023 , growing at a CAGR of 5.8% during the forecast period from 2024 to 2033.

This growth is driven by increasing interest in boating activities, higher purchasing power, and the rise of luxury yacht destinations. The International Monetary Fund’s projection of China’s economy growing by 40% by 2028 and the anticipated USD 552.8 billion recreational expenditure in the United States in 2023 exemplify the increasing disposable income globally. Additionally, tourist hotspots with oceanic borders, like the Netherlands, UK, Italy, and UAE, contribute to this market’s growth.

Technological advancements and environmentally conscious designs are pivotal in this market. The International Maritime Organization’s directive to cut CO2 emissions by 70% by 2050 has led to the development of more efficient, eco-friendly yachts . This shift reflects the growing environmental awareness among high-net-worth individuals.

Yacht Market by Type

The market has also evolved in manufacturing practices, shifting from traditional wood and fiber-reinforced polymers to advanced composites, offering benefits like corrosion resistance and improved strength-to-weight ratios. Innovations like electronically controlled fuel injection systems enhance yacht efficiency, reducing noise, vibration, and emissions.

Despite the high ownership costs, yacht rental services like Sailogy S.A. and Boatbound Inc. have made luxury yachting more accessible. The COVID-19 pandemic initially impacted the market, but recovery is underway as restrictions ease and interest in leisure activities grows.

  • The Yacht Market is expected to reach a value of USD 16.80 billion by the year 2032 .
  • This growth is projected to have a CAGR of 5.80% from 2024 to 2032.
  • In 2023, the Yacht Market was valued at USD 10.3 billion.
  • The International Monetary Fund predicts a 40% growth in China’s economy by 2028.
  • The Super Yacht Segment held a dominant position, capturing 30.5% of the market share.
  • The 20-50 Meters Segment led the market, accounting for 56% of the market share.
  • The Motor Yacht Segment was predominant, securing 84% of the market share.
  • Increased Disposable Income and Yacht Renting Trend : The yacht market is growing due to higher disposable incomes worldwide. For example, the U.S. Department of Commerce reported a 3.5% increase in recreational spending share of consumer spending from 2013 to 2022. In the EU, recreational spending was 1.2% of GDP in 2021. Technological advancements in yacht engines, enhancing speed and reducing emissions, noise, and vibration, contribute to this growth.
  • Demand for Luxury and Customization : With the increasing demand for luxury yachts, manufacturers are focusing on luxurious features and customization to meet customer needs, thus propelling market growth.
  • Growth in Marine Tourism and Water Sports : The popularity of water sports and marine tourism has led to the development of high-power, high-speed yachts, further driving market expansion.
  • Safety Concerns and Strict Regulations : The yacht market faces challenges due to safety concerns and strict regulations on speed and emissions. The California Air Resources Board (CARB) proposed emission regulations for yachts in September 2021, aiming to minimize harmful emissions.
  • Environmental Impact : Yachts can significantly affect marine ecosystems, leading to concerns about water quality degradation and marine life harm. Efforts to reduce yacht-related pollution require collaboration among manufacturers, consumers, and regulators.
  • Advent of AI and Electrification : The integration of AI , machine learning, and electrification in yachts is transforming the industry, and creating new opportunities. For instance, Porsche and Frauscher Shipyard’s development of the electric Frauscher x Porsche 850 Fantom Air in June 2023 exemplifies this trend.
  • Yacht Renting Trends : The renting of luxury yachts for special occasions, leisure activities, and corporate meetings is expanding market opportunities.
  • Electrification of Yachts : The shift to electric yachts, due to environmental concerns and rising fuel prices, is a growing trend. Investments in R&D and government support are accelerating this shift.
  • Technological Advancements in Yacht Manufacturing : The use of 3D printing and sustainable power sources in yacht manufacturing is on the rise, enhancing customization and reducing costs.
  • Generational Influence : Millennials are significantly impacting the luxury yacht market. Their preference for unique experiences over mere ownership is reshaping industry dynamics. This generational shift is driving demand and leading to innovations tailored to these new preferences.
  • Independent Travelers : The rise in independent travel is another trend shaping the market. Technological advancements have made it easier for people to plan and embark on solo yacht adventures.
  • Online Booking : The preference for online booking channels is growing. Prospective yacht owners and renters are increasingly using online platforms to compare prices, features, and types, making informed decisions based on a wide range of available options.
  • Government Initiatives and Policies : Policies aimed at boosting tourism and maritime activities are playing a crucial role in market growth, especially in Europe and Asia Pacific. These initiatives are encouraging investments in coastal areas and recreational activities, enhancing the attractiveness of yachting as a leisure activity.

Luxury Yacht Market Trends

  • Increasing Number of Billionaires : According to Forbes, the U.S. had 735 billionaires in 2021, followed by China with 495. In India, the number of billionaires increased from 102 in 2020 to 166 in 2022, with their wealth growing by 46% in 2022. Bloomberg reports that around 131 billionaires doubled their net worth during the pandemic. This increase in ultra-wealthy individuals is driving luxury yacht demand.
  • Green Yachting : Millennials, making up to 40% of yacht buyers, are shifting towards eco-friendly yachting. The International Maritime Organization aims to reduce greenhouse gas emissions by 50% from 2008 levels by 2050.

In 2023, the Super Yacht segment held a dominant position in the yacht market, capturing a significant 30.5% share . This dominance can be attributed to the high popularity of these yachts among end-users, with their luxury features and advanced amenities making them a preferred choice for high-net-worth individuals and yacht enthusiasts.

  • Super Yacht Segment : Dominating the market with over 30% revenue share in 2023, Super Yachts, typically ranging from 30-50 meters in length, are favored for their luxurious offerings, though smaller than Mega Yachts. Key players like Sanlorenzo Spa and Lürssen, holding over 11% of the market share, focus on innovative designs and high-end customizations to cater to the affluent market. This segment is expected to see substantial growth through 2024-2033, driven by rising demand and advancements in yacht technology.
  • Sport Yacht Segment : Forecasted as the fastest-growing segment, Sport Yachts are gaining traction, especially in countries like China and France. Their popularity is linked to the active participation in recreational boating and sporting events. These yachts, used for marine tourism, sports tournaments, and various water activities, are propelling the segment’s growth. The increasing demand for recreational tournaments and outdoor activities offers significant revenue-generation opportunities for various stakeholders in the industry.
  • Flybridge Yacht Segment : Flybridge Yachts, known for their elevated control station or ‘flybridge’, offers a unique blend of outdoor experience and control. While not as dominant as Super or sports yachts, this segment caters to a niche market that values outdoor navigation and leisure.
  • Long Range Yacht Segment : Long Range Yachts are designed for extended voyages, offering durability and high fuel efficiency. This segment, though smaller, caters to a growing clientele interested in remote explorations and extended sea journeys. The demand in this segment is expected to rise, influenced by the increasing interest in remote tourism and adventure activities.
  • Other Types : This category includes various specialized yachts like Mega Yachts, which are over 50 meters in length and equipped with luxury amenities such as swimming pools, movie halls, and gyms. These yachts are generally used for leisure and recreation by large groups and are mostly owned by organizations.

In 2023, the 20-50 Meters segment held a dominant position in the yacht market, capturing a significant 56% share . This segment’s lead is largely due to its balance of size and functionality, offering benefits like fuel efficiency, easier maneuverability, and lower maintenance costs compared to larger yachts.

  • 20-50 Meters Segment : Dominating the market with over 56% revenue share in 2023, this segment is expected to maintain its lead. Yachts in this range offer advantages such as the ability to sail in light winds, lower moorage costs, and shallower drafts for water anchorages. This size range is versatile, and suitable for both leisure and corporate usage, making it a popular choice among yacht enthusiasts.
  • Up to 20 Meters Segment : Yachts within this size are in demand for competitive and recreational purposes. In regions like Europe and North America, there’s a growing trend of integrating renewable energy sources like solar and wind energy in yachts, leading to lower emissions and reduced fuel consumption. These yachts are generally compact and lightweight, favored for their eco-friendliness and efficiency. The segment’s growth is bolstered by this increasing focus on sustainability and the rising popularity of maritime leisure activities.
  • Above 50 Meters Segment : While not as dominant as the other two, the Above 50 Meters segment is significant, especially in the luxury yacht market. These large yachts, including superyachts and megayachts, are more prevalent in developed countries, often used for commercial purposes and high-end tourism. The market for these yachts is expected to exhibit notable growth, driven by a surge in luxury tourism and the preferences of high-net-worth individuals for grand and exclusive sea experiences.

Yacht Market by Length

In 2023, the Motor Yacht segment held a dominant position in the yacht market, capturing a significant 84% share . This dominance is primarily due to the segment’s advantages such as higher speed, power, and the ability to cover longer distances, appealing to a broad range of yacht enthusiasts.

  • Motor Yacht Segment : The popularity of this segment stems from their advanced features, long-distance coverage, and high-speed capabilities. Motor yachts, equipped with modern systems and equipment, cater to a clientele seeking luxury, convenience, and performance. With multi-deck designs and spacious interiors, these yachts are ideal for large groups. The segment is forecasted to grow at a CAGR of ~6% from 2024 to 2033, driven by rising demand for recreational activities and ongoing technological advancements.
  • Sailing Yacht Segment : Sailing yachts, which use sails for propulsion, depending on wind speed and direction. Although they can cover long distances, the design and onboard facilities of motor yachts often make them more attractive to buyers. However, sailing yachts, known for their eco-friendliness, modern design, luxurious amenities, and large deck space, continue to have a dedicated market segment. The demand for sailing yachts is expected to grow, fueled by the increasing interest in recreational sailing and the rising focus on environmental sustainability.
  • Flybridge Yacht
  • Super Yacht
  • Sport Yacht
  • Long Range Yacht
  • Other Types
  • Up to 20 Meters
  • 20-50 Meters
  • Above 50 Meters

By Propulsion

  • Motor Yacht
  • Sailing Yacht

In 2023, Europe is leading the yacht market with a substantial 33.6% share , amounting to USD 3.2 billion . This dominance is attributed to the region’s high concentration of billionaires and rapidly growing wealth. Scenic destinations like Greece and Italy are at the forefront, driven by extensive tourism and private yacht parties. The European Union Council’s initiative, the European Agenda for Tourism 2030, aimed at enhancing digital and green tourism, further bolsters this growth.

In 2022, the introduction of 606 new yachts marked a record in sales, signifying the region’s robust market dynamics. The high demand for yachting in tourist hotspots like Greece, Croatia, Spain, Italy, and France, coupled with the popularity of fishing and water sports, fuels the market’s expansion. Notably, about 40% of all new 40-meter yachts globally were purchased by European customers over the last five years, indicating the region’s significant market share.

The Asia Pacific region is projected to be the fastest-growing market. Rapid urbanization, rising living standards, and increasing disposable incomes are key drivers. Leisure activities like fishing, water sports, and maritime tourism are gaining traction in countries like Thailand, Malaysia, Singapore, China, Japan, and Australia. Aggressive government initiatives, such as India’s Swadesh Darshan Scheme and the Incredible India campaign, are expected to significantly propel this market forward.

Yacht Market Regional Analysis

Key Regions and Countries:

  • Switzerland
  • Rest of Western Europe
  • The Czech Republic
  • Rest of Eastern Europe
  • South Korea
  • Australia & New Zealand
  • Philippines
  • Rest of APAC
  • Rest of Latin America
  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Rest of MEA

In order to expand the market across the globe, the key market companies are taking initiatives and making strategies like mergers & acquisitions, partnerships, making investments, and launching new products and services.

Some of the major companies in the market are Princess Yachts Limited, Viking Yacht Company, Heesen Yachts Sales B.V., Horizon Yacht Company, Cheoy Lee Shipyards Limited, Christensen Shipyards Ltd., Damen Yachting BV, and many other companies.

Key Market Players

  • Alexander Marine International Co. Ltd.
  • Princess Yachts Limited
  • Viking Yacht Company
  • Heesen Yachts Sales B.V.
  • Horizon Yacht Company
  • Cheoy Lee Shipyards Limited
  • Christensen Shipyards Ltd.
  • Damen Yachting BV
  • Dyna Craft Ltd.
  • Ferretti S.p.a
  • Other Key Players
  • October 2023 : Four Seasons entered the yacht market by announcing the launch of Four Seasons Yachts. This ambitious venture is expected to commence sailing by late 2025, marking the luxury hotel brand’s expansion into maritime luxury.
  • June 2023 : Sanlorenzo unveiled its 47-meter explorer yacht, Para Bellum, the tenth addition to its successful 460-500 EXP series. Featuring twin Caterpillar engines, the yacht reaches a cruising speed of 13 knots. In the same month, Sparta, a superyacht with styling by Winch Design, was introduced. It boasts a sleek “Venetian red” and metallic grey hull, combining elegant aesthetics with high performance.
  • May 2023 : The Kadey-Krogen Group, based in Florida, acquired American Tugs, a leading builder of U.S.-built coastal cruisers. Founded in 1999, American Tugs has a strong presence in North America and Europe and has delivered over 250 cruising yachts from its 2,600 sq.m. facility in LaConner, Washington.
  • April 2023 : Ferretti Group launched the Pershing 140, its first aluminum flagship model, from the Ancona facility. Equipped with four MTU 16V 2000 M96L engines, each with 2,600 hp, the yacht offers a cruising speed of 35 knots and a top speed of 38 knots.
  • March 2023 : Ferretti Group expanded its manufacturing capabilities by acquiring a 70,000-sq.m. production site in Ravenna. The company plans to invest USD 87 million in this facility, aiming for a 20% increase in production through new spaces and R&D centers.
  • September 2022 : Ferretti Group took significant stakes in Masello Srl and Fratelli Canalicchio SpA, both Italy-based companies specializing in yacht furnishings and kinetic systems, respectively.
  • January 2023 : Accor announced the launch of the world’s largest luxury sailing ship, set to debut in 2026. This megayacht will feature 54 suites, highlighting Accor’s commitment to luxury and innovation in maritime leisure.

Frequently Asked Questions (FAQ)

In 2032, the Yacht Market Market will reach USD 16.8 billion.

The Yacht Market Market is expected to grow at 5.8% CAGR (2023-2032).

Alexander Marine International Co. Ltd., Princess Yachts Limited, Viking Yacht Company,Heesen Yachts Sales B.V., Horizon Yacht Company and Other Key Players are the main vendors in this market.

Yacht Market

Related Reports

  • Hydrogen Powered Yacht Market
  • Smart Boats Market
  • Recreational Boat Market
  • Luxury Pet Accessories Market
  • Refrigerated Transport Market
  • Folding Furniture Market
  • Space Tourism Market

Our Clients

Our Clients

  • Report ID 29677
  • Published Date Jan 2024
  • ★★★★★ ★★★★★

Client Logo

  • location_on 420 Lexington Avenue, Suite 300 New York City, NY 10170, United States
  • phone +1 718 618 4351 (International)
  • phone +91 78878 22626 (Asia)
  • email [email protected]
  • How to Order
  • Privacy Policy
  • Refund Policy
  • Frequently Asked Questions
  • Terms and Conditions
  • All Reports
  • All Sectors
  • Infographics
  • Statistics and Facts

Secured Payment Options

fbPixel

  • Boats by Type

Boats For Sale by Type

Select a type from the options below, sign up to our newsletter.

By submitting this form, you agree to our Privacy & Cookie Policy

Change units of measure

This feature requires cookies to be enabled on your browser.

Show price in:

Show lengths, beam and draft in:

Show displacement or weight in:

Show capacity or volume in:

Show speed in:

Show distance in:

British Marine

yacht market

  • Leisure Products

Yacht Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

Yacht Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: May 2023
  • SKU: IRTNTR75339

Enjoy complimentary customisation on priority with our Enterprise License!

Yacht Market Analysis Report 2023-2027:

The yacht market size is estimated to grow at a CAGR of 6.71% between 2022 and 2027. The market size is forecast to increase by USD 3,388.26 million . The growth of the market depends on several factors, including the growing popularity of recreational tourism, an increasing HNWI population, and increasing eco-friendly yacht demand.

The yacht market report extensively covers market segmentation by type (motor and sailing), application (commercial and private), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Yacht Market During the Forecast Period?

Yacht Market Size

To learn more about this report , View Report Sample

Yacht Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing popularity of recreational tourism notably drives the market growth, although factors such as high maintenance and operating costs impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Yacht Market Driver

The growing popularity of recreational tourism is a major driver influencing the growth of the yacht market during the forecast period.  Yachting is often associated with leisure and luxury and demand for yachts will increase as disposable income increases and free time for leisure activities such as surfing, water skiing, diving, and swimming increases. Recreational activities have increased across the world as people seek ways to enjoy leisure time and maintain a healthy lifestyle. Hence, such factors drive market growth during the forecast period.

Significant Yacht Market Trends

Increased demand for superyachts is an emerging trend boosting the yacht market during the forecast period.  The demand for superyachts, which are vessels over 80 feet in length has been steadily increasing. This is due to more buyers seeking larger and more luxurious yachts. The demand for luxury yachts is consistently high as wealthy individuals and families seek the ultimate luxury experience and exclusivity on the water. Supery yachts offer unparalleled comfort, style, and personalized service, which makes them popular for high-net-worth individuals, celebrities, and business executives. Superyacht demand in developed countries like the US and the UK tends to be relatively high. Hence, such trends boost market growth during the forecast period.

Major Challenge

High maintenance and operating costs are major challenges hindering market growth during the forecast period.  Owning a yacht is expensive in terms of the purchase price, maintenance, and operating costs, which can make it difficult for some buyers to justify the expense of owning a yacht, especially in times of economic uncertainty. Hence, high maintenance and operating costs can significantly impact the sales of yachts. In addition to the initial purchase price, buyers of yachts must consider the ongoing expenses of fuel, maintenance, repairs, and insurance. Thus, the high maintenance and operating expenses cost can make yacht ownership unaffordable for many people, which can impact sales and hamper the growth of the global yacht market during the forecast period.

Key Yacht Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Yacht Market Share by Geography

Global Yacht Market Customer Landscape

Who are the Major Yacht Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alexander Marine International Co Ltd. - The company offers yacht such as azimut grande tri deck, 37 legend ocean alexander, and 35 revolution ocean alexander.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Alexander Marine International Co Ltd.
  • Azimut Benetti SpA
  • Cantieri Navali Codecasa Tre SpA
  • Dalian Wanda Group
  • Damen Shipyards Group
  • Feadship Holland BV
  • Fincantieri Spa
  • Flensburger Schiffbau Gesellschaft mbH
  • Fr. Lurssen Werft GmbH
  • Heesen Yachts Sales BV
  • Horizon Yacht USA
  • KPS Capital Partners LP
  • Oceanco SAM
  • Overmarine Group Spa
  • Palmer Johnson
  • Palumbo Group Spa
  • Sanlorenzo Spa
  • THE ITALIAN SEA GROUP SpA
  • Viking Yacht Co.
  • Westport Yachts

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Yacht Market?

The market share growth by the motor segment will be significant during the forecast period. In 2022, the motor yacht segment has a major share of the global yacht market. Motor yachts are typically faster and more powerful than sailing yachts, which allows quicker and more efficient travel over longer distances. They also offer more space and amenities like larger cabins, luxurious interiors, and modern entertainment systems. Motor yachts are also easier to maneuver, which makes them more suitable for navigating narrow waterways or docking in tight spaces. The high share of this segment is because of the advantages offered by motor yachts, such as high speed and performance, and long-range coverage.

Yacht Market Size

Get a glance at the market contribution of various segments View the PDF Sample

The motor  segment shows a gradual increase in the market share of USD 5,784.56 million  in 2017 and continue to grow by 2021 . T hese yachts are highly preferred by people because of the advanced systems and equipment, such as connected devices on board. Modern equipment is a major factor in selling such yachts globally. The robust demand for motor yachts indicates a strong interest in purchasing or using motor yachts for various purposes, such as cruising, fishing, or leisure activities. Hence, such trends will boost the segment growth during the forecast period.

Which are the Key Regions for the Yacht Market?

Yacht Market Share by Geography

For more insights on the market share of various regions Download PDF Sample now!

Europe  is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In 2022, Europe had the highest market share of the global yacht market. The demand for yachts in Europe is driven by many factors, which include the region's vast coastline, a high concentration of wealthy individuals, and favorable weather conditions for boating activities. The demand is mostly driven by increased fishing and other water sports such as water skiing, diving, and swimming in European countries. 

  • Segment Overview

The yacht market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

  • Rest of Europe
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global yacht market as a part of the global leisure products market within the global household durables market. The parent global leisure products market covers various categories, including yachts, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

View PDF Sample

What are the Key Data Covered in this Yacht Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market and its contribution of the market with a focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

Frequently Asked Questions?

How big is the yacht market , what is the yacht market growth, which segment accounted for the largest yacht market share , who are the key players in the yacht market , what are the factors driving the yacht market .

  • Growing popularity of recreational tourism
  • Increased demand for superyachts

Technavio

[Avail subscription at 50% off, with report purchase]

One user only. Quick & easy download option

Enterprise:

Unlimited user access (Within your organization) Complimentary Customization Included

*For Enterprise license, go to checkout page

*Avail subscription at 50% off, with report purchase - limited to a week

[5 reports/month/user]

Basic Plan [5000 USD/Year]:

Single User Download 5 Reports/Month View 100 Reports/Month Add upto 3 Users at 625 USD/user

Teams Plan [7500 USD/Year]:

5 User Download 5 Reports/Month/User View 100 Reports/Month/User Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

Technavio

Subscribe & Save

Get lifetime access to our Technavio Insights

Technavio

  • Quick Report Overview:
  • Market Size
  • Table of Contents
  • Market Scope
  • Key Question Answered
  • Technavio Subscriptions

Cookie Policy

The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.

Boat logo

The global authority in superyachting

  • NEWSLETTERS
  • Yachts Home
  • The Superyacht Directory
  • Yacht Reports
  • Brokerage News
  • The largest yachts in the world
  • The Register
  • Yacht Advice
  • Yacht Design
  • 12m to 24m yachts
  • Monaco Yacht Show
  • Builder Directory
  • Designer Directory
  • Interior Design Directory
  • Naval Architect Directory
  • Yachts for sale home
  • Motor yachts
  • Sailing yachts
  • Explorer yachts
  • Classic yachts
  • Sale Broker Directory
  • Charter Home
  • Yachts for Charter
  • Charter Destinations
  • Charter Broker Directory
  • Destinations Home
  • Mediterranean
  • South Pacific
  • Rest of the World
  • Boat Life Home
  • Owners' Experiences
  • Interiors Suppliers
  • Owners' Club
  • Captains' Club
  • BOAT Showcase
  • Boat Presents
  • Events Home
  • World Superyacht Awards
  • Superyacht Design Festival
  • Design and Innovation Awards
  • Young Designer of the Year Award
  • Artistry and Craft Awards
  • Explorer Yachts Summit
  • Ocean Talks
  • The Ocean Awards
  • BOAT Connect
  • Between the bays
  • Golf Invitational
  • Boat Pro Home
  • Pricing Plan
  • Superyacht Insight
  • Product Features
  • Premium Content
  • Testimonials
  • Global Order Book
  • Tenders & Equipment

The 74-metre Lürssen superyacht Global for sale

74m Lürssen superyacht Global joins market

The 74-metre Lürssen superyacht Global has joined the market with Rob Newton of IYC.

Designed by Monaco-based Espen Øino with interior by UK-based Reymond Langton Design , the steel and aluminium yacht was delivered in Germany in 2007 by Lürssen, who was also responsible for the naval architecture. The pedigree vessel was "meticulously refitted in 2024".

Global's exterior is described by the broker as "sophisticated and refined, featuring clean lines, graceful curves, and a striking profile that commands admiration".

The six-deck superyacht has a generous 12.6-metre beam and spacious accommodation for a party of 12, including an on-deck full-beam master suite with Jacuzzi bath and his-and-hers private balconies. The VIP double suite also boasts a Jacuzzi bath. Three double guest cabins can easily convert to twins as and when required, while the sixth cabin is a dedicated children's twin. Crew quarters allow for a staff of 22.

An enticing beach club with sauna and massage room, a nightclub, cinema plus a helicopter deck are standout features of the substantial vessel. Her 18-seater dining table – with a "wine lounge" containing ten wine coolers adjacent – allows for formal entertaining. A large office, a gym and a second saloon are located above.

The 1,906GT yacht for sale is powered by twin Caterpillar engines giving her a range of 5,000 nautical miles at 12 knots and cruising speed of 14 knots.

Global is asking €79,000,000.

More about this yacht

Similar yachts for sale, more stories, most popular, from our partners, sponsored listings.

Report Description

Table of content, methodology.

  • Consumer Goods
  • Travel & Luxury Travel
  • Yacht Market Size, Share, Growth & Industry Trends [2031]

Yacht Market

Segments - by Type (Sport, Superyacht, Cruisers, Flybridge, Dufour, and Others), Propulsion (Sailing Yachts and Motor Yachts), Yacht Length (Up to 20 Meters, 20 to 50 Meters, and More Than 50 Meters), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

PDF

Debadatta Patel

Partha

Fact-checked by:

PARTHA PAUL

Aman

Yacht Market Outlook 2031

The Global Yacht Market size was USD 9.35 Billion in 2022 and is likely to reach USD 13.98 Billion by 2031 , expanding at a CAGR of 5.8% during 2023–2031 . The market growth is attributed to the large number of High-Net-Worth Individuals (HNWI) and the high demand for eco-friendly yachts. Increasing demand for environmentally sustainable yachts is expected to fuel the yacht market. Modern yachts are being built lighter and with more fuel-efficient designs than their traditional counterparts, which minimizes environmental impact for even diesel-powered engines.  

PDF Icon

Yacht buyers are increasingly seeking environmentally friendly alternatives to traditional powered engines. For instance, Herley Boats introduced the Herley Powercat 3400 , a luxurious high-performance hybrid vessel that is designed for the ultimate cruising experience. This vessel combines innovation and luxury to build the perfect platform for cruising, fishing trips, and family outings. The market report finds that the COVID-19 pandemic hindered the yachts market, due to the strict lockdown imposed by the government. During the pandemic, manufacturing delays, travel restrictions, and disruption in the supply chain impacted production which hampers the market. Yacht shows, events, and other programs are canceled due to the shutdown.

Impact of Artificial Intelligence in the Yacht Market

Artificial intelligence (AI) technologies are anticipated to boost the yacht market during the forecast period. AI technologies are used in the yachting industry to improve safety, efficiency, and navigation. It is used to improve the sailing experience by providing real-time information on weather conditions and optimizing routes. AI predicts the best destination to position a yacht for charter success by investigating data points and then calculating the best place to anchor and the fuel usage to get there.

In April 2023, Rossinavi No Stress a first hybrid yacht equipped with artificial intelligence. No Stress is an all-aluminum sporty yacht with a fast-displacing hull. The ship has a double power system; two MTU 16V 2000 M96L diesel engines and two electric motors motorized by both the battery pack and generators. The system is managed by AI which monitors its consumption.

Yacht Market Dynamics

Major drivers.

Increasing demand for personalized yachts is expected to drive the yacht market during the forecast period. Manufacturers are offering extensive customization options that allow customers to design vessels that align with their specific desires. Modern consumers expect the ability to customize anything and everything to fit their individual preferences.

In July 2023, Columbus Yachts launched M/Y Anjelif, the new 50-meter full custom-built yacht constructed entirely in aluminum. A model tailored to the needs of its experienced owner and packed with technological and stylistic advances such as hybrid and diesel-electric propulsion.

Existing Restraints

High maintenance costs of yachts are expected to hamper the yacht market in the coming years. Yachts require lots of maintenance and continuous cleaning, as they are moving platforms in harsh environments. If there are more equipment in the boat such as a water maker, electronics, generator, and others, where more maintenance is needed, thus, in turn, is likely to hamper the market.

Emerging Opportunities

Increasing advancements in developing new technologies is expected to create lucrative opportunities for the market players. Several companies are focusing on developing innovations such as hydrogen power and electrical power with a strong engine with lighter body weight and high horsepower.

In October 2023, BLUE INNOVATIONS GROUP INC launched its flagship creation, the R30 electric boat. The R30 is a 30-foot marvel, that boasts a 221-kWh battery pack with an 800HP dual motor powertrain and integrated UI. The boat can accommodate up to 12 people for 8 hours.

Scope of Yacht Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Yacht Market Segment Insights

Type segment analysis.

Based on type, the yacht market is divided into sport, superyacht, cruisers, flybridge, dufour, and others. The superyacht segment is expected to expand at a significant pace during the projection period, due to the increasing popularity of these yachts. Superyachts are large and luxurious pleasure vessels and ranging from 40 meters to more than 180 meters. They are designed to emphasize speed, comfort, and expedition capacity. There are five different areas in a superyacht group such as captain, chef, interior staff, deck crew, and engineers. All superyachts have below-deck crew areas, which usually consist of a crew mess, laundry rooms, and crew cabins.

In August 2023, ABEKING & RASMUSSEN launched a masterpiece called the majestic superyacht LIVA, measuring a remarkable 118.20 meters in length. This iconic yacht has a sleek black hull that stands out on the water as an icon of elegance and sophistication.

The sport segment is anticipated to hold a key share of the market in the coming years , owing to the increasing demand for sports yachts in emerging countries such as France and China. Sports yachts are used for sports tournaments, marine tourism, and other activities. High demand for recreational tournaments and increasing affinity for outdoor recreational activities is expected to boost the sport yacht in the market. Sport yacht has a stylish and sleek-looking flybridge and an open deck for a better experience and it reaches speeds from 30 knots to 50 knots. They are also deployed for racing purposes.

Propulsion Segment Analysis

In terms of propulsion, the global market is segregated into sailing yachts and motor yachts. The motor yachts segment is projected to register a considerable CAGR during the forecast period, due to the high speed and power and others. Yachts are highly preferred for their advanced equipment and systems that are installed in the motor yachts. Several consumers are purchasing motor yachts owing to their speed, convenience, and ease of handling. The segment growth is further attributed to the increasing demand for motor yachts for personal and recreational activities in emerging countries. The sailing yachts segment is anticipated to account for a major market share in the coming years, owing to the increasing technological advancements and growing focus on leisure activities. Sailing yachts are eco-friendly, cheaper, thrilling, and safer and these yachts use wind power to move through the water. They are typically built with wood, fiberglass, and a combination of the two. Sailing vessels cover long distances, deck space, design, and onboard facilities that are offered by motor yachts which makes them a more attractive option to the customers, which increases the demand for the segment in the market.

Yacht Length Segment Analysis

On the basis of yacht length, the yacht market is segmented into up to 20 meters, 20 to 50 meters, and more than 50 meters. The 20 to 50 meters segment is expected to register a robust growth rate during the forecast period, owing to the low maintenance costs and light wind sailing capacity. Yachts ranging up to 20 meters are used for both competitive and recreational activities, which is expected to boost the segment in the market. Several yachts in 20 to 50 meters size brackets are semi-custom models and built on a standard platform. They are the most cost-efficient to run compared to larger yachts and the running costs per meter are proportionally lower.

Regional Analysis

In terms of region, the global yacht market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to dominate the market during the projection period, owing to the increasing yacht sales and rising popularity of water sports & fishing activities. The regional market growth is further attributed to the increasing investments in recreational activities and coastal areas such as sail training adventures, kayaking, fishing, and others, and the rising number of trade shows hosted by recreational activities and manufacturers. The market in North America is anticipated to expand at a rapid pace in the coming years , due to the increasing disposable incomes of individuals and rising economy. The regional market growth is further attributed to the increasing popularity of chartering yachts for vacations and innovative technologies and designs.

According to the US Bureau of Economic Analysis (BEA) , in 2021 the outdoor recreation economy accounted for 1.9% (USD 454.0 billion) of current-dollar GDP for the nation.

The global yacht market has been segmented on the basis of

  • Sailing Yachts
  • Motor Yachts

Yacht Length

  • Up to 20 Meters
  • 20 to 50 Meters
  • More Than 50 Meters
  • Asia Pacific
  • North America
  • Latin America
  • Middle East & Africa

Key Players

  • Viking Yacht Company
  • Sunreef Yachts
  • Sanlorenzo Spa
  • ROYAL HUISMAN
  • Heesen Yachts Sales B.V.
  • HanseYachts AG
  • Groupe Beneteau
  • FERRETTI S.P.A
  • Damen Shipyards Group

Competitive Landscape

Key players competing in the global yacht market are Viking Yacht Company; Sunreef Yachts; Feadship; Sanlorenzo Spa; Oceanco; ROYAL HUISMAN; Heesen Yachts Sales B.V.; HanseYachts AG; Groupe Beneteau; FERRETTI S.P.A; and Damen Shipyards Group. These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.

In March 2023, Sanlorenzo Spa acquired a stake in Sea Energy, a company active in the production of electronic and electrical systems for the yachting industry. The experience and expertise of Sea Energy enable Sanlorenzo to benefit from excellent and highly specialized that are aimed at developing projects in line with the sustainability of Sanlorenzo.

In May 2022, Oceanco collaborated with CapserLabs, Dgallery, and Megalodon to launch its upcoming superyacht NFTs collection on the Ethereum Blockchain and Casper Blockchain.

Purchase Premium Report

  • Single User $4200
  • Multi User $5200
  • Corporate User $6600
  • Online License $2999
  • Excel Data Pack $2599

Customization

Customize This Report

  • Ask for Research To Be Focused On Specific Regions or Segments
  • Receive Data As Per Your Format and Definition
  • Companies Profiled based on Your Requirements
  • Breaking Down Competitive Landscape as per Your Requirements
  • Any Level of Customization

Our Clients

Unilever N.V.

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you. Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality. Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions. CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data. Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports. Global Consulting Firm

Quick Contact

+1 909 414 1393

[email protected]

Growth Market Report

Certified By

IAS

Related Reports

Some other reports from this category!

Integral Inflatable Tent Market Trends, Industry & Size 2031

In flight entertainment and connectivity market size, share report [2031], europe inflight catering market size & share report | 2031, online travel market size, share, and industry report [2031], pakistan tourism & hotel market report, trends & size | forecast 2031, carry cases market trends, growth, industry & revenue [2031], luxury watches market size, share & growth | forecast [2031], luxury bedding market size, share & growth | forecast [2031], travel accommodation market size, share & growth report 2031, group travel market analysis, share, growth & forecast 2031.

  • Request For Sample

IMAGES

  1. The Global Luxury Yacht Market in 2019

    yacht market

  2. Luxury Yacht Market Size, Share & Trends

    yacht market

  3. The Global Luxury Yacht Market Is Expected To Grow By 12%

    yacht market

  4. Yacht Market 2023 Segment Insights, Recent industry trends

    yacht market

  5. Superyacht Market Reports

    yacht market

  6. Yacht Charter Market Size, Trends, Growth, Statistics 2021-2025

    yacht market

COMMENTS

  1. Boats and yachts for sale. Boat sales all over the world

    Find your dream boat or sell your boat with TheYachtMarket, the global marketplace for boats. Browse thousands of listings from all types of boats, manufacturers, and locations.

  2. Yacht Market Size, Share, Trends & Growth Report 2030

    The global yacht market size was valued at USD 8.91 billion in 2022 and is expected to expand at a CAGR of 5.8% from 2023 to 2030. The report covers the market by type, length, region, and segment, and analyzes the factors driving and restraining the market growth, as well as the impact of COVID-19 and technological advancements.

  3. Yachts for Sale

    Advanced Search Condition Class Make / Model Length Length ft mt Year Year Price Price Featured Yachts 2024 Viking 48 Request price Bluewater Yacht Sales | Hampton, US 2024 Regulator 37 Request price Bluewater Yacht Sales, LLC- Beaufort Office | Hampton, US 2025 Sabre 45 Salon Express Request price Bluewater Yacht Sales | Hampton, US

  4. Global Yacht Market Outlook & Forecast 2024-2029: A $40.4 Billion

    The global yacht market was valued at USD 26 billion in 2023 and is forecast to grow to USD 40.4 billion in 2029, registering a CAGR of 7.62% from 2023-2029.. The yacht market is marked by intense ...

  5. Yacht Market Size & Share Analysis

    The yacht market is expected to grow at a CAGR of 6.7% from 2023 to 2032, driven by technological innovation, luxury tourism and eco-friendly propulsion. The report covers yacht types, lengths, propulsion, regions and major players, with data and analysis.

  6. Superyacht Market Intelligence

    Get the latest data and insights on the global superyacht industry, including sales, deliveries, launches, orders and name changes. Browse the brokerage listings of yachts for sale and see the latest market news and analysis.

  7. Yacht Market Size

    The global yacht market was valued at USD 8.12 billion in 2020 and is expected to grow at a CAGR of 5.1% during the forecast period. The increasing inclination towards recreational or leisure activities on account of growing disposable income, coupled with the increasing preference for personalized services, luxury tourism, and exclusive traveling, are the few prominent factors expected to ...

  8. Luxury Yacht Market Size, Share, Trends & Growth [2030]

    The global luxury yacht market size was valued at USD 6.40 billion in 2022. The market is projected to grow from USD 7.67 billion in 2023 to USD 13.67 billion by 2030, exhibiting a CAGR of 8.6% during the forecast period. A luxury yacht is a high-end recreational vehicle offering exclusive and luxurious amenities along with accommodation.

  9. Yacht Market Sees Bright Future with Global Demand on the Rise, More

    CHICAGO, March 5, 2024 /PRNewswire/ -- According to Arizton's latest research report, the yacht market is growing at a CAGR of 7.62% from 2023 to 2029. To Know More, Download the Free Sample ...

  10. Luxury Yacht Industry Report 2024: 75-120 Feet Yachts Accounts for the

    The global luxury yacht market size reached US$ 7.9 billion in 2023. The market is projected to reach US$ 16.9 billion by 2032, exhibiting a growth rate (CAGR) of 8.82% during 2023-2032

  11. Global luxury yacht market size

    Luxury yacht market size worldwide 2019-2030. According to Next Move Strategy Consulting, the global luxury yacht market is projected to more than double between 2019 and 2030. While the market ...

  12. Yacht Market: Global Industry Analysis and Forecast (2024-2030)

    Yacht Market size was valued at US$ 11.92 Bn in 2023 and is expected to reach US$ 18.63 Bn by 2030. Yacht Market is expected to grow at a CAGR of 6.58% through the forecast period. Yacht Market Overview A yacht is a sailing or power vessel used for pleasure, cruising, or racing.

  13. Yacht Market Size, Share, Trends & Growth Analysis Report 2030

    Yacht Market was valued at USD 9,407 million in 2022 and is anticipated to touch USD 14,111 Million in 2030 and is expected to register a CAGR of 5.2% during the forecast period. Yacht Market Overview

  14. Yacht Charter Market

    The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period. The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic.

  15. Luxury Yacht Market Size, Share, Growth Report 2024-2032

    The global luxury yacht market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. The increasing wealth among affluent individuals and their interest in exclusive leisure activities, the growing emphasis on ...

  16. Sailing Boats for Sale and Charter

    Find sailing boats and yachts for sale from various manufacturers and models. Browse the full list of sailing boats by alphabetical order or use the links to jump to a particular manufacturer name.

  17. Luxury Yacht Market Size & Share, Growth Trends Report 2032

    Luxury Yacht Market size was valued at USD 9.9 billion in 2022 and is estimated to register a CAGR of 6.7% between 2023 and 2032, due to the growing popularity of yacht charters. Yacht charters offer individuals and groups with the opportunity to experience the luxury & exclusivity of yachting without the long-term commitment of ownership.

  18. Yacht Market Size, Share, Trends

    The Yacht Market is expected to reach a value of USD 16.80 billion by the year 2032. This growth is projected to have a CAGR of 5.80% from 2024 to 2032. In 2023, the Yacht Market was valued at USD 10.3 billion. The International Monetary Fund predicts a 40% growth in China's economy by 2028.

  19. Boats for sale by type

    Browse boats for sale by type, from power to sail, from commercial to accessory, from superyacht to toy. Find your ideal boat on TheYachtMarket, the global marketplace for yachts and boats.

  20. Yacht Market Report, Share & Growth [2023 Global Report]

    The yacht market size is estimated to grow at a CAGR of 6.71% between 2022 and 2027. The market size is forecast to increase by USD 3,388.26 million. The growth of the market depends on several factors, including the growing popularity of recreational tourism, an increasing HNWI population, and increasing eco-friendly yacht demand.

  21. 74m Lürssen superyacht Global joins market

    The 74-metre Lürssen superyacht Global has joined the market with Rob Newton of IYC. Designed by Monaco-based Espen Øino with interior by UK-based Reymond Langton Design, the steel and aluminium yacht was delivered in Germany in 2007 by Lürssen, who was also responsible for the naval architecture. The pedigree vessel was "meticulously ...

  22. Yacht Market Size, Share, Growth & Industry Trends [2031]

    Yacht Market Outlook 2031. The Global Yacht Market size was USD 9.35 Billion in 2022 and is likely to reach USD 13.98 Billion by 2031, expanding at a CAGR of 5.8% during 2023-2031.The market growth is attributed to the large number of High-Net-Worth Individuals (HNWI) and the high demand for eco-friendly yachts.