All updated as on -
In 2021, the luxury yacht market was worth $6.2 billion, and it is projected to be worth $12.9 billion by 2030, growing at a CAGR of 8.7 percent between 2022 and 2030.
Superyachts are enormous, high-end motor or sailing yachts with a professional crew, and their lengths range from 75 feet to over 250 feet. Both for commercial and personal use, luxury boats offer a seamless, high-end, and comfortable luxury experience. Fibre reinforced polymers and composites have become increasingly popular in recent years as viable alternatives to the woods traditionally used in manufacturing. The popularity of luxury yachts has been rising over the past few years. The increasing number of extremely wealthy people, the growing popularity of yachting as a vacation option, and the general shift in people's priorities towards more leisure time and less work all play a role.
The luxury yacht industry in 2017 was dominated by vessels between 75 and 120 feet in length, and this trend is anticipated to continue. The global market for luxury yachts between 75 and 120 feet in length is expanding as a result of improvements in design, style, comfort, livability, technical advances, and performance. In addition, this market is highly preferred by buyers because of the great optimisation of both interior and exterior areas.
The market has a bright future because of increasing urbanisation and huge leaps forward in the travel and leisure industry. In addition, private yacht buyers around the world can expect to see demand rise as a result of rising interest in sports, leisure, and opulent experiences. Advanced materials, such as carbon fibre and fibreglass, are being used more and more for construction because of the benefits they provide in meeting specialised needs. The increasing popularity of expeditions to the Arctic, North Pole, and South Pole, among other things, are also contributing to the expansion of the market.
The word "motor yacht" refers to a wide variety of vessels, some of which have more specific names than others. In the luxury boat industry, motor yachts are anticipated to increase at a particularly high rate over the forecast time frame. Increases in on-board amenities, passenger capacity, and leisure options have all contributed to this sector's expansion.
Report Coverage
Global Luxury Yacht research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Luxury Yacht report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Luxury Yacht competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Luxury Yacht market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Luxury Yacht market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Luxury Yacht market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Feadship, Blohm+Voss, Amels, Heesen Yachts, Lurssen, Oceanco, Nobiskrug, Fincantieri Yachts, Christensen Yachts, Sunseeker Yachts, Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Viking Yacht Company, MarineMax, Inc. & Sanlorenzo Spa.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Luxury Yacht market based on the below-mentioned segments:
Global Luxury Yacht Market, By Type
Global Luxury Yacht market, By Application
Global Luxury Yacht Market, By Size
Global Luxury Yacht market, Regional Analysis
purnach kar
Superyachts are enormous, high-end motor or sailing yachts with a professional crew, and their lengths range from 75 feet to over 250 feet. Both for commercial and personal use, luxury boats offer a seamless, high-end, and comfortable luxury experience. Fibre reinforced polymers and composites have become increasingly popular in recent years as viable alternatives to the woods traditionally used in manufacturing. The popularity of luxury yachts has been rising over the past few years. The increasing number of extremely wealthy people, the growing popularity of yachting as a vacation option, and the general shift in people's priorities towards more leisure time and less work all play a role.
The luxury yacht industry in 2017 was dominated by vessels between 75 and 120 feet in length, and this trend is anticipated to continue. The global market for luxury yachts between 75 and 120 feet in length is expanding as a result of improvements in design, style, comfort, livability, technical advances, and performance. In addition, this market is highly preferred by buyers because of the great optimisation of both interior and exterior areas.
The market has a bright future because of increasing urbanisation and huge leaps forward in the travel and leisure industry. In addition, private yacht buyers around the world can expect to see demand rise as a result of rising interest in sports, leisure, and opulent experiences. Advanced materials, such as carbon fibre and fibreglass, are being used more and more for construction because of the benefits they provide in meeting specialised needs. The increasing popularity of expeditions to the Arctic, North Pole, and South Pole, among other things, are also contributing to the expansion of the market.
The word "motor yacht" refers to a wide variety of vessels, some of which have more specific names than others. In the luxury boat industry, motor yachts are anticipated to increase at a particularly high rate over the forecast time frame. Increases in on-board amenities, passenger capacity, and leisure options have all contributed to this sector's expansion.
Report Coverage
Global Luxury Yacht research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Luxury Yacht report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Luxury Yacht competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Luxury Yacht market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Feadship, Blohm+Voss, Amels, Heesen Yachts, Lurssen, Oceanco, Nobiskrug, Fincantieri Yachts, Christensen Yachts, Sunseeker Yachts, Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Viking Yacht Company, MarineMax, Inc. & Sanlorenzo Spa. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Luxury Yacht Market from 2021 to 2030.
- Market Forecast for Luxury Yacht Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Luxury Yacht competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Luxury Yacht
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Luxury Yacht market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Luxury Yacht market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Feadship, Blohm+Voss, Amels, Heesen Yachts, Lurssen, Oceanco, Nobiskrug, Fincantieri Yachts, Christensen Yachts, Sunseeker Yachts, Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Viking Yacht Company, MarineMax, Inc. & Sanlorenzo Spa.
Primary Target Market
- Market Players of Luxury Yacht
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Luxury Yacht market based on the below-mentioned segments:
Global Luxury Yacht Market, By Type
- Motor Yacht
- Sailing Yacht
- Others (Hybrid Yacht, etc.)
Global Luxury Yacht market, By Application
- Commercial
- Private
- Others
Global Luxury Yacht Market, By Size
- Less than 50 Meters
- 50 – 100 Meters
- 100 – 150 Meters
- More than 150 Meters
Global Luxury Yacht market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
purnach kar
About This Research
You will get in-depth and extensive luxury yacht market market research and competitor analysis for your business to help you develop more profound insights into the luxury yacht market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the luxury yacht market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.