Global Luxury Yacht Market Overview
Global Luxury Yacht Market was valued at USD 7.78 Billion in 2021 and is expected to reach USD 13.42 Billion by the year 2028, at a CAGR of 8.1%.
A yacht is any type of sea vessel that is mostly utilized for recreational or pleasure purposes like entertaining, cruising, fishing, water sports, or year-round accommodations. Yachts are large enough and have sleeping quarters on board for overnight trips, a kitchen, and a bathroom. Luxury yachts are commonly associated with luxury and opulence, and a symbol of a lavish lifestyle. The yacht industry is expected to witness increased demand for luxury yachts with long-range capabilities and more lavish amenities, given the growing desire of luxury yacht owners for adventure travels to popular locations such as Antarctica and Galapagos. With the development of various software to design yachts, there is a shift towards innovative designs with brighter and open-plan interiors. Luxury yachts are specifically designed for enjoying outdoor recitational activities and to have a direct, and more intimate experience with the sea. New individuals buying yachts are increasingly demanding high-tech features and gadgets to be integrated into their luxury yachts. Aside from traditional components such as jet skis, canoes, and water skiers, demand for innovative gadgets such as hoverboards, jet lev, and skibob is increasing. Further, yachts with high-quality cinema rooms and media rooms are also gaining widespread popularity among potential customers thus, supporting the development of the luxury yacht market in the forecast period.
Market Dynamics and Key Factors of Luxury Yacht Market
Drivers:
The growing inclination towards recreational boat activities especially for water sports, traveling, fishing, and leisure purposes are the main factors driving the growth of the luxury yacht market during the forecast period. The luxury yacht market is expanding at a high rate, with growing preferences for luxurious pleasure vehicles offering chartered as well as private services. Moreover, the growing trend of spending leisure time on specific destinations, indulging in racing, cruising, and other recreational activities, as well as appealing tourism packages offered by travel agencies to consolidate their market position, are essential factors driving the global luxury yacht market. Yachting is already a lifestyle in many Western countries such as the United Kingdom, the United States, Italy, and France due to the presence of a large wealthy population with a strong likeness for recreational activities.
Due to economic development and the increasing wealth of people, yachting is gradually emerging as a new means of leisure and recreation in several developing regions as well. With the rising corporate events and parties being conducted on yachts, the demand for rental luxury yachts is increasing. Moreover, countries having a natural landscape of sea/ocean as a border attract significant tourists each year such as Bahamas, Australia, New Zealand, Seychelles, Mauritius, and Madagascar. Additionally, many corporate organizations lease their luxury yachts in this region thus, the popularity of luxury yachts is growing. The worldwide rise in the number of billionaires and millionaires in recent times is the main factor stimulating the development of the luxury yacht market in this region.
Restraints:
The rise in the CO2 emission from the marine tourism industry is the main factor hindering the expansion of the luxury yacht industry in the forecast period. Many rules and regulations have been formulated by the International Maritime Organization to reduce greenhouse gas emissions by 50% by 2020 from its previous levels in 2008. The high maintenance price of luxury yachts and the annual expense on storage facility negatively affects the luxury yacht market. For instance, 10% of buying price is required for the maintenance of luxury yachts annually. Additionally, the cleaning complexities, accessories cost, weather damage, and asset depreciation are some of the other factors hampering the growth of the luxury yacht market in the projected period.
Opportunities:
The rising inclination towards boat recreational activities and the growing marine tourism are creating a profitable opportunity for the market players involved in the luxury yacht industry. A large number of individuals are opting for luxury yachts for having parties during the summer season. Moreover, supportive government initiatives to boost marine tourism, lower marine resort taxes, and easy leasing policies are stimulating the expansion of the luxury yacht market. The rise in the number of wealthy individuals and the strategic alliances by leading manufacturers are creating a lucrative opportunity for the market players.
Market Segmentation
Segmentation Analysis of Luxury Yacht Market:
Depending on the type, the flybridge yacht segment is forecasted to dominate the luxury yacht market in the forecast period attributed to the large space at the top which is often utilized for entertaining and dining as well as long-distance cruising. In addition, these are most proffered by business organizations to conduct meetings in the open sea as it offers all the required amenities like air conditioning. Moreover, there are many variants of flybridge available in the market such as sportsbridge, open, and hardtop flybridge. Flybridge yachts provide extra usable space and great visibility for spotting nearby objects. These yachts are the most utilized for leisure purposes in the summer season in both, developed and developing regions thus, promoting the growth of this segment during the analysis period.
Depending on the type, the 90-250 feet segment is anticipated to lead the luxury yacht market in the projected period. With larger spaces comes bigger rooms, more space for gyms, spas, and swimming pools. Most of the Ultra High Net Worth Individuals (UHNWI) prefer buying luxury yachts that have privacy in every room and are spacious enough to accommodate television and sofa sets. Furthermore, outdoor spaces are designed for luxurious relaxation while enjoying the sights, sounds, and smells of the ocean. Underwater Observatory or Nemo Lounge is also offered by some prime companies in this segment. These are completely submerged lounge that lets individuals see through the bottom as well as on both sides while enjoying conversation over drinks thus, supporting the growth of this segment.
Depending on propulsion, the motor yacht segment is expected to have the highest share of the luxury yacht market during the analysis period. Motor yachts are more powerful and faster than their counterparts and are capable of covering greater distances in less time. With the motor yachts, individuals can navigate almost any coastline or archipelago, regardless of whether the passage is narrow or the water is shallow. Additionally, motor yachts are easier to operate, and the expenditure on the crew is greatly reduced and the crew recruitment process is easier than a sailing yacht. Motor yachts are easier to handle and thus are a popular choice for individuals having less experience with yachting. Motor yachts offer more space compared with their counterparts and can accommodate facilities such as water toys, and many modern explorer yachts even feature helipads and research facilities thereby, strengthening the expansion of this segment.
Regional Analysis of Luxury Yacht Market:
The European region is anticipated to have the highest share of the luxury yacht market in the forecast period attributed to the large presence of luxury yacht manufacturing companies in this region. The supportive government strategies to increase the growth and jobs in the coastal and marine tourism sector and the rise in the number of High-Net-Worth Individuals (HNWI) and Ultra High Net Worth Individuals (UHNWI) in this region is stimulating the expansion of the luxury yacht market in this region. According to Forbes, the number of billionaires reach 628 in 2021 from 511 in 2020. The coronavirus pandemic added US$ 1 trillion in the net worth of the total individuals combined. Moreover, the growing trend of recreational boat activities among individuals in this region is promoting the expansion of the luxury yacht market during the analysis period.
The North American region is forecasted to have the second-highest share of the luxury yacht market in the forecast period owing to the growing marine tourism and high presence of multi-millionaires in this region. Moreover, the number of new boats sold in the U.S. in 2020 hit a 13-year high of nearly 320,000 vessels, up 13% from the year before, according to the National Marine Manufacturers Association. The surge in the trend of yacht tourism, and the increasing inclination towards leisure and recreational activities among high-net-worth individuals is strengthening the expansion of the luxury yacht market in this region.
The Asia-Pacific region is predicted to have a significant growth in the luxury yacht market in the analysis period attributed to the supportive government initiatives to promote the marine tourism industry in this region. Australia, India, China, Indonesia, and Japan are the prominent tourist hotspot for marine tourism. The Great Barrier Reef in Australia contributes approximately US$ 6.4 billion annually to the Australian economy and supports around 64,000 jobs. Furthermore, the rise in the UHNWI and the growing chartered yacht industry in this region is consolidating the expansion of the luxury yacht market in the projected period.
The Middle-East region is expected to have substantial growth in the luxury yacht market during the projected period. The development in this region mostly in the country UAE is attracting tourists from the rest of the world. Moreover, the growing number of millionaires in this region is the main factor driving the growth of the luxury yacht market in this region.
Players Covered in Luxury Yacht Market are:
- Damen Yachting BV (Netherlands)
- Azimut|Benetti Group (Italy)
- Baglietto S.p.A. (Italy)
- BENETEAU (France)
- Cheoy Lee Shipyards Limited (China)
- Dyna Craft Ltd. (US)
- Feadship (Netherlands)
- Ferretti S.p.a (Italy)
- FIPA Group (Germany)
- Fr. Lürssen Werft GmbH & Co. KG (Germany)
- HanseYachts AG (Germany) Heesen Yachts (Netherlands)
- Horizon (US)
- ICON Yachts (Netherlands)
- Kingship Marine Limited (China)
- O Yachts (US)
- Oceanco (Netherlands)
- Overmarine Group (Italy)
- Perini Navi S.p.a (Italy)
- Bavaria Yachtbau GmbH (Germany)
- Princess Yachts International Plc (UK)
- Sanlorenzo Spa (Italy)
- Sunseeker (UK)
- Brunswick Corporation (US)
COVID-19 Impact on Luxury Yacht Market
The Covid-19 pandemic places unprecedented restrictions on how people and businesses can work, the luxury yacht industry has had to adapt rapidly. Second and even third waves of the virus worldwide are likely to trim a strong rebound seen in mid-2020, and segments including charter have been hit hard. Covid has overshadowed everything. Moreover, clients in yachting don't take new-build purchase decisions particularly quickly, and that has been exacerbated by the uncertainty. It seems people have decided to defer purchases which have negatively impacted the growth of the luxury yacht market. Wealthy people have spent more than US$ 1.13 billion on superyachts in 2021 as they seek to escape Covid lockdowns and travel restrictions, according to a luxury lifestyle publisher. In the peak COVID-19 period the travel restrictions imposed by governments hampered the manufacturing process of several market players. Orders that were destined to deliver in early 2021 were postponed till mid-2022. To summarize, the luxury yacht market is expected to bounce back to its pre-pandemic situation attributed to the ease in the lockdown restrictions.
Recent Industry Developments In Luxury Yacht Market
- In August 2021, Amels and Damen Yachting launched their Amels 78-metre Full Custom superyacht in Vlissingen, the Netherlands. This is the largest superyacht by volume, launched by Amels. The interior volume of this superyacht is 2,885 GT. Amels 78 can accommodate 14 guests on board and is operated by 26 crew members.
- In December 2020, Azimut Benetti Group launched two yachts, Motopanfilo 37m in the class category and 67m superyacht FB284. Both these yachts are of high standards and are capable of giving a lavish experience to their users.
Global Luxury Yacht Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 7.78 Bn. |
Forecast Period 2022-28 CAGR: |
8.1% |
Market Size in 2028: |
USD 13.42 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Size |
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By Propulsion |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
3.3 By Size
3.4 By Propulsion
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Luxury Yacht Market by Type
5.1 Luxury Yacht Market Overview Snapshot and Growth Engine
5.2 Luxury Yacht Market Overview
5.3 Super Yacht
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Super Yacht: Grographic Segmentation
5.4 Fly Bridge Yacht
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Fly Bridge Yacht: Grographic Segmentation
5.5 Sport Yacht
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Sport Yacht: Grographic Segmentation
5.6 Long Range Yacht
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Long Range Yacht: Grographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Grographic Segmentation
Chapter 6: Luxury Yacht Market by Application
6.1 Luxury Yacht Market Overview Snapshot and Growth Engine
6.2 Luxury Yacht Market Overview
6.3 Private Use
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Private Use: Grographic Segmentation
6.4 Commercial Use
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Commercial Use: Grographic Segmentation
6.5 Special Use
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Special Use: Grographic Segmentation
Chapter 7: Luxury Yacht Market by Size
7.1 Luxury Yacht Market Overview Snapshot and Growth Engine
7.2 Luxury Yacht Market Overview
7.3 40-90 Feet
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 40-90 Feet: Grographic Segmentation
7.4 90-250 Feet
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 90-250 Feet: Grographic Segmentation
7.5 Above 250 Feet
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Above 250 Feet: Grographic Segmentation
Chapter 8: Luxury Yacht Market by Propulsion
8.1 Luxury Yacht Market Overview Snapshot and Growth Engine
8.2 Luxury Yacht Market Overview
8.3 Motor Yacht
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Motor Yacht: Grographic Segmentation
8.4 Gulet Yacht
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Gulet Yacht: Grographic Segmentation
8.5 Sailing Yacht
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2028F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Sailing Yacht: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Luxury Yacht Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Luxury Yacht Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Luxury Yacht Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 DAMEN YACHTING BV
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 AZIMUT|BENETTI GROUP
9.4 BAGLIETTO S.P.A.
9.5 BENETEAU
9.6 CHEOY LEE SHIPYARDS LIMITED
9.7 DYNA CRAFT LTD.
9.8 FEADSHIP
9.9 FERRETTI S.P.A
9.10 FIPA GROUP
9.11 FR. LÜRSSEN WERFT GMBH & CO. KG
9.12 HANSEYACHTS AG
9.13 HEESEN YACHTS
9.14 HORIZON
9.15 ICON YACHTS
9.16 KINGSHIP MARINE LIMITED
9.17 O YACHTS
9.18 OCEANCO
9.19 OVERMARINE GROUP
9.20 PERINI NAVI S.P.A
9.21 BAVARIA YACHTBAU GMBH
9.22 PRINCESS YACHTS INTERNATIONAL PLC
9.23 SANLORENZO SPA
9.24 SUNSEEKER
9.25 BRUNSWICK CORPORATION
9.26 OTHER MAJOR PLAYERS
Chapter 10: Global Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Type
10.2.1 Super Yacht
10.2.2 Fly Bridge Yacht
10.2.3 Sport Yacht
10.2.4 Long Range Yacht
10.2.5 Others
10.3 Historic and Forecasted Market Size By Application
10.3.1 Private Use
10.3.2 Commercial Use
10.3.3 Special Use
10.4 Historic and Forecasted Market Size By Size
10.4.1 40-90 Feet
10.4.2 90-250 Feet
10.4.3 Above 250 Feet
10.5 Historic and Forecasted Market Size By Propulsion
10.5.1 Motor Yacht
10.5.2 Gulet Yacht
10.5.3 Sailing Yacht
Chapter 11: North America Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Super Yacht
11.4.2 Fly Bridge Yacht
11.4.3 Sport Yacht
11.4.4 Long Range Yacht
11.4.5 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Private Use
11.5.2 Commercial Use
11.5.3 Special Use
11.6 Historic and Forecasted Market Size By Size
11.6.1 40-90 Feet
11.6.2 90-250 Feet
11.6.3 Above 250 Feet
11.7 Historic and Forecasted Market Size By Propulsion
11.7.1 Motor Yacht
11.7.2 Gulet Yacht
11.7.3 Sailing Yacht
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Super Yacht
12.4.2 Fly Bridge Yacht
12.4.3 Sport Yacht
12.4.4 Long Range Yacht
12.4.5 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Private Use
12.5.2 Commercial Use
12.5.3 Special Use
12.6 Historic and Forecasted Market Size By Size
12.6.1 40-90 Feet
12.6.2 90-250 Feet
12.6.3 Above 250 Feet
12.7 Historic and Forecasted Market Size By Propulsion
12.7.1 Motor Yacht
12.7.2 Gulet Yacht
12.7.3 Sailing Yacht
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Super Yacht
13.4.2 Fly Bridge Yacht
13.4.3 Sport Yacht
13.4.4 Long Range Yacht
13.4.5 Others
13.5 Historic and Forecasted Market Size By Application
13.5.1 Private Use
13.5.2 Commercial Use
13.5.3 Special Use
13.6 Historic and Forecasted Market Size By Size
13.6.1 40-90 Feet
13.6.2 90-250 Feet
13.6.3 Above 250 Feet
13.7 Historic and Forecasted Market Size By Propulsion
13.7.1 Motor Yacht
13.7.2 Gulet Yacht
13.7.3 Sailing Yacht
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Super Yacht
14.4.2 Fly Bridge Yacht
14.4.3 Sport Yacht
14.4.4 Long Range Yacht
14.4.5 Others
14.5 Historic and Forecasted Market Size By Application
14.5.1 Private Use
14.5.2 Commercial Use
14.5.3 Special Use
14.6 Historic and Forecasted Market Size By Size
14.6.1 40-90 Feet
14.6.2 90-250 Feet
14.6.3 Above 250 Feet
14.7 Historic and Forecasted Market Size By Propulsion
14.7.1 Motor Yacht
14.7.2 Gulet Yacht
14.7.3 Sailing Yacht
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Type
15.4.1 Super Yacht
15.4.2 Fly Bridge Yacht
15.4.3 Sport Yacht
15.4.4 Long Range Yacht
15.4.5 Others
15.5 Historic and Forecasted Market Size By Application
15.5.1 Private Use
15.5.2 Commercial Use
15.5.3 Special Use
15.6 Historic and Forecasted Market Size By Size
15.6.1 40-90 Feet
15.6.2 90-250 Feet
15.6.3 Above 250 Feet
15.7 Historic and Forecasted Market Size By Propulsion
15.7.1 Motor Yacht
15.7.2 Gulet Yacht
15.7.3 Sailing Yacht
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Luxury Yacht Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 7.78 Bn. |
Forecast Period 2022-28 CAGR: |
8.1% |
Market Size in 2028: |
USD 13.42 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Size |
|
||
By Propulsion |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LUXURY YACHT MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LUXURY YACHT MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LUXURY YACHT MARKET COMPETITIVE RIVALRY
TABLE 005. LUXURY YACHT MARKET THREAT OF NEW ENTRANTS
TABLE 006. LUXURY YACHT MARKET THREAT OF SUBSTITUTES
TABLE 007. LUXURY YACHT MARKET BY TYPE
TABLE 008. SUPER YACHT MARKET OVERVIEW (2016-2028)
TABLE 009. FLY BRIDGE YACHT MARKET OVERVIEW (2016-2028)
TABLE 010. SPORT YACHT MARKET OVERVIEW (2016-2028)
TABLE 011. LONG RANGE YACHT MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. LUXURY YACHT MARKET BY APPLICATION
TABLE 014. PRIVATE USE MARKET OVERVIEW (2016-2028)
TABLE 015. COMMERCIAL USE MARKET OVERVIEW (2016-2028)
TABLE 016. SPECIAL USE MARKET OVERVIEW (2016-2028)
TABLE 017. LUXURY YACHT MARKET BY SIZE
TABLE 018. 40-90 FEET MARKET OVERVIEW (2016-2028)
TABLE 019. 90-250 FEET MARKET OVERVIEW (2016-2028)
TABLE 020. ABOVE 250 FEET MARKET OVERVIEW (2016-2028)
TABLE 021. LUXURY YACHT MARKET BY PROPULSION
TABLE 022. MOTOR YACHT MARKET OVERVIEW (2016-2028)
TABLE 023. GULET YACHT MARKET OVERVIEW (2016-2028)
TABLE 024. SAILING YACHT MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA LUXURY YACHT MARKET, BY TYPE (2016-2028)
TABLE 026. NORTH AMERICA LUXURY YACHT MARKET, BY APPLICATION (2016-2028)
TABLE 027. NORTH AMERICA LUXURY YACHT MARKET, BY SIZE (2016-2028)
TABLE 028. NORTH AMERICA LUXURY YACHT MARKET, BY PROPULSION (2016-2028)
TABLE 029. N LUXURY YACHT MARKET, BY COUNTRY (2016-2028)
TABLE 030. EUROPE LUXURY YACHT MARKET, BY TYPE (2016-2028)
TABLE 031. EUROPE LUXURY YACHT MARKET, BY APPLICATION (2016-2028)
TABLE 032. EUROPE LUXURY YACHT MARKET, BY SIZE (2016-2028)
TABLE 033. EUROPE LUXURY YACHT MARKET, BY PROPULSION (2016-2028)
TABLE 034. LUXURY YACHT MARKET, BY COUNTRY (2016-2028)
TABLE 035. ASIA PACIFIC LUXURY YACHT MARKET, BY TYPE (2016-2028)
TABLE 036. ASIA PACIFIC LUXURY YACHT MARKET, BY APPLICATION (2016-2028)
TABLE 037. ASIA PACIFIC LUXURY YACHT MARKET, BY SIZE (2016-2028)
TABLE 038. ASIA PACIFIC LUXURY YACHT MARKET, BY PROPULSION (2016-2028)
TABLE 039. LUXURY YACHT MARKET, BY COUNTRY (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY TYPE (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY APPLICATION (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY SIZE (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY PROPULSION (2016-2028)
TABLE 044. LUXURY YACHT MARKET, BY COUNTRY (2016-2028)
TABLE 045. SOUTH AMERICA LUXURY YACHT MARKET, BY TYPE (2016-2028)
TABLE 046. SOUTH AMERICA LUXURY YACHT MARKET, BY APPLICATION (2016-2028)
TABLE 047. SOUTH AMERICA LUXURY YACHT MARKET, BY SIZE (2016-2028)
TABLE 048. SOUTH AMERICA LUXURY YACHT MARKET, BY PROPULSION (2016-2028)
TABLE 049. LUXURY YACHT MARKET, BY COUNTRY (2016-2028)
TABLE 050. DAMEN YACHTING BV: SNAPSHOT
TABLE 051. DAMEN YACHTING BV: BUSINESS PERFORMANCE
TABLE 052. DAMEN YACHTING BV: PRODUCT PORTFOLIO
TABLE 053. DAMEN YACHTING BV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. AZIMUT|BENETTI GROUP: SNAPSHOT
TABLE 054. AZIMUT|BENETTI GROUP: BUSINESS PERFORMANCE
TABLE 055. AZIMUT|BENETTI GROUP: PRODUCT PORTFOLIO
TABLE 056. AZIMUT|BENETTI GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. BAGLIETTO S.P.A.: SNAPSHOT
TABLE 057. BAGLIETTO S.P.A.: BUSINESS PERFORMANCE
TABLE 058. BAGLIETTO S.P.A.: PRODUCT PORTFOLIO
TABLE 059. BAGLIETTO S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. BENETEAU: SNAPSHOT
TABLE 060. BENETEAU: BUSINESS PERFORMANCE
TABLE 061. BENETEAU: PRODUCT PORTFOLIO
TABLE 062. BENETEAU: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. CHEOY LEE SHIPYARDS LIMITED: SNAPSHOT
TABLE 063. CHEOY LEE SHIPYARDS LIMITED: BUSINESS PERFORMANCE
TABLE 064. CHEOY LEE SHIPYARDS LIMITED: PRODUCT PORTFOLIO
TABLE 065. CHEOY LEE SHIPYARDS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. DYNA CRAFT LTD.: SNAPSHOT
TABLE 066. DYNA CRAFT LTD.: BUSINESS PERFORMANCE
TABLE 067. DYNA CRAFT LTD.: PRODUCT PORTFOLIO
TABLE 068. DYNA CRAFT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. FEADSHIP: SNAPSHOT
TABLE 069. FEADSHIP: BUSINESS PERFORMANCE
TABLE 070. FEADSHIP: PRODUCT PORTFOLIO
TABLE 071. FEADSHIP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. FERRETTI S.P.A: SNAPSHOT
TABLE 072. FERRETTI S.P.A: BUSINESS PERFORMANCE
TABLE 073. FERRETTI S.P.A: PRODUCT PORTFOLIO
TABLE 074. FERRETTI S.P.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. FIPA GROUP: SNAPSHOT
TABLE 075. FIPA GROUP: BUSINESS PERFORMANCE
TABLE 076. FIPA GROUP: PRODUCT PORTFOLIO
TABLE 077. FIPA GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. FR. LÜRSSEN WERFT GMBH & CO. KG: SNAPSHOT
TABLE 078. FR. LÜRSSEN WERFT GMBH & CO. KG: BUSINESS PERFORMANCE
TABLE 079. FR. LÜRSSEN WERFT GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 080. FR. LÜRSSEN WERFT GMBH & CO. KG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. HANSEYACHTS AG: SNAPSHOT
TABLE 081. HANSEYACHTS AG: BUSINESS PERFORMANCE
TABLE 082. HANSEYACHTS AG: PRODUCT PORTFOLIO
TABLE 083. HANSEYACHTS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. HEESEN YACHTS: SNAPSHOT
TABLE 084. HEESEN YACHTS: BUSINESS PERFORMANCE
TABLE 085. HEESEN YACHTS: PRODUCT PORTFOLIO
TABLE 086. HEESEN YACHTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. HORIZON: SNAPSHOT
TABLE 087. HORIZON: BUSINESS PERFORMANCE
TABLE 088. HORIZON: PRODUCT PORTFOLIO
TABLE 089. HORIZON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. ICON YACHTS: SNAPSHOT
TABLE 090. ICON YACHTS: BUSINESS PERFORMANCE
TABLE 091. ICON YACHTS: PRODUCT PORTFOLIO
TABLE 092. ICON YACHTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. KINGSHIP MARINE LIMITED: SNAPSHOT
TABLE 093. KINGSHIP MARINE LIMITED: BUSINESS PERFORMANCE
TABLE 094. KINGSHIP MARINE LIMITED: PRODUCT PORTFOLIO
TABLE 095. KINGSHIP MARINE LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. O YACHTS: SNAPSHOT
TABLE 096. O YACHTS: BUSINESS PERFORMANCE
TABLE 097. O YACHTS: PRODUCT PORTFOLIO
TABLE 098. O YACHTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. OCEANCO: SNAPSHOT
TABLE 099. OCEANCO: BUSINESS PERFORMANCE
TABLE 100. OCEANCO: PRODUCT PORTFOLIO
TABLE 101. OCEANCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. OVERMARINE GROUP: SNAPSHOT
TABLE 102. OVERMARINE GROUP: BUSINESS PERFORMANCE
TABLE 103. OVERMARINE GROUP: PRODUCT PORTFOLIO
TABLE 104. OVERMARINE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. PERINI NAVI S.P.A: SNAPSHOT
TABLE 105. PERINI NAVI S.P.A: BUSINESS PERFORMANCE
TABLE 106. PERINI NAVI S.P.A: PRODUCT PORTFOLIO
TABLE 107. PERINI NAVI S.P.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. BAVARIA YACHTBAU GMBH: SNAPSHOT
TABLE 108. BAVARIA YACHTBAU GMBH: BUSINESS PERFORMANCE
TABLE 109. BAVARIA YACHTBAU GMBH: PRODUCT PORTFOLIO
TABLE 110. BAVARIA YACHTBAU GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. PRINCESS YACHTS INTERNATIONAL PLC: SNAPSHOT
TABLE 111. PRINCESS YACHTS INTERNATIONAL PLC: BUSINESS PERFORMANCE
TABLE 112. PRINCESS YACHTS INTERNATIONAL PLC: PRODUCT PORTFOLIO
TABLE 113. PRINCESS YACHTS INTERNATIONAL PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. SANLORENZO SPA: SNAPSHOT
TABLE 114. SANLORENZO SPA: BUSINESS PERFORMANCE
TABLE 115. SANLORENZO SPA: PRODUCT PORTFOLIO
TABLE 116. SANLORENZO SPA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. SUNSEEKER: SNAPSHOT
TABLE 117. SUNSEEKER: BUSINESS PERFORMANCE
TABLE 118. SUNSEEKER: PRODUCT PORTFOLIO
TABLE 119. SUNSEEKER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119. BRUNSWICK CORPORATION: SNAPSHOT
TABLE 120. BRUNSWICK CORPORATION: BUSINESS PERFORMANCE
TABLE 121. BRUNSWICK CORPORATION: PRODUCT PORTFOLIO
TABLE 122. BRUNSWICK CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 123. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 124. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 125. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LUXURY YACHT MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LUXURY YACHT MARKET OVERVIEW BY TYPE
FIGURE 012. SUPER YACHT MARKET OVERVIEW (2016-2028)
FIGURE 013. FLY BRIDGE YACHT MARKET OVERVIEW (2016-2028)
FIGURE 014. SPORT YACHT MARKET OVERVIEW (2016-2028)
FIGURE 015. LONG RANGE YACHT MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. LUXURY YACHT MARKET OVERVIEW BY APPLICATION
FIGURE 018. PRIVATE USE MARKET OVERVIEW (2016-2028)
FIGURE 019. COMMERCIAL USE MARKET OVERVIEW (2016-2028)
FIGURE 020. SPECIAL USE MARKET OVERVIEW (2016-2028)
FIGURE 021. LUXURY YACHT MARKET OVERVIEW BY SIZE
FIGURE 022. 40-90 FEET MARKET OVERVIEW (2016-2028)
FIGURE 023. 90-250 FEET MARKET OVERVIEW (2016-2028)
FIGURE 024. ABOVE 250 FEET MARKET OVERVIEW (2016-2028)
FIGURE 025. LUXURY YACHT MARKET OVERVIEW BY PROPULSION
FIGURE 026. MOTOR YACHT MARKET OVERVIEW (2016-2028)
FIGURE 027. GULET YACHT MARKET OVERVIEW (2016-2028)
FIGURE 028. SAILING YACHT MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA LUXURY YACHT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE LUXURY YACHT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC LUXURY YACHT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA LUXURY YACHT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA LUXURY YACHT MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Luxury Yacht Market research report is 2022-2028.
Damen Yachting BV (Netherlands), Azimut|Benetti Group (Italy), Baglietto S.p.A. (Italy), BENETEAU (France), Cheoy Lee Shipyards Limited (China), Dyna Craft Ltd. (US), Feadship (Netherlands), Ferretti S.p.a (Italy), FIPA Group (Germany), Fr. Lürssen Werft GmbH & Co. KG (Germany), HanseYachts AG (Germany) Heesen Yachts (Netherlands), Horizon (US),ICON Yachts (Netherlands), Kingship Marine Limited (China), O Yachts (US), Oceanco (Netherlands), Overmarine Group (Italy), Perini Navi S.p.a (Italy), Bavaria Yachtbau GmbH (Germany), Princess Yachts International Plc (UK), Sanlorenzo Spa (Italy), Sunseeker (UK), Brunswick Corporation (US), and Other Major Players.
Luxury Yacht Market is segmented into Type, Application, Size, Propulsion and region. By Type, the market is categorized into Super Yacht, Fly Bridge Yacht, Sport Yacht, Long Range Yacht, Others. By Application, the market is categorized into Private use, Commercial use, and Special use. By Size the market is categorized into 40-90 Feet, 90-250 Feet, and Above 250 Feet. By Propulsion, the market is categorized into Motor Yacht, Gulet Yacht, and Sailing Yacht. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A yacht is any type of sea vessel that is mostly utilized for recreational or pleasure purposes like entertaining, cruising, fishing, water sports, or year-round accommodations. Yachts are large enough and have sleeping quarters on board for overnight trips, a kitchen, and a bathroom
Global Luxury Yacht Market was valued at USD 7.78 Billion in 2021 and is expected to reach USD 13.42 Billion by the year 2028, at a CAGR of 8.1%.