• Summary
  • Table Of Content
  • Segmentation
  • Request sample

North America Luxury Yacht Market Synopsis:

North America Luxury Yacht market estimated at USD 4.11 Billion in the year 2023, is projected to reach a revised size of USD 8.40 Billion by 2032, growing at a CAGR of 8.27% over the analysis period 2024-2032.

The recreational boating sector in the United States consistently draws significant numbers of individuals who fiercely compete with other lavish leisure activities. It has been estimated that recreational boating in the United States includes the use of luxury yachts for enjoyment. The rising disposable income among consumers and an escalating interest in marine tourism and recreational activities, including sailing, power boating, water sports, yachting, and more, have seen considerable expansion in recent years.

The boating sector is anticipated to grow owing to elements like increasing enthusiasm for leisure water activities and a surge in aquatic tourism. The Industry is expected to face challenges due to the significant initial and ownership expenses of recreational yachts as well as environmental issues associated with recreational boating.

The increasing enthusiasm for water adventure sports is benefiting the water adventure tourism industry and favourably influences the expansion of the luxury yacht market. Water adventure activities take place in water bodies like lakes, rivers, sea, streams, oceans, and coastal areas. Water sports lovers travel to particular areas to engage in both soft and hard water activities, including fishing, fast tenders, sea kayaks, paddle boarding, sailing, and jet skiing. These elements are anticipated to propel market expansion throughout the projected timeframe.

North America Luxury Yacht Market Trend Analysis:

Rising Popularity of Recreational Boating and Leisure Activities

  • The growing popularity of recreational boating activities, mainly for water sports, travel, fishing, and vacation, is the primary factor the expansion of the luxury yacht market throughout the forecast period. The luxury yacht industry is quickly expanding, as more people prefer wealthy recreational vessels that provide both chartered and private services. The increasing tendency to dedicate leisure time to particular locations, engaging in racing, cruising, and various recreational pursuits, along with attractive tourism packages provided by travel agencies to strengthen their market presence, are crucial elements propelling the North America luxury yacht Industry. In Western nations like the United States, yachting has become a way of life because of a significant affluent population that has an intense interest in leisure activities.
  • As a result of economic growth and rising wealth among individuals, yachting is slowly becoming a novel form of leisure and recreation in many developing areas too. As corporate proceedings and parties held on yachts become more widespread, the need for renting luxury yachts is on the rise. Nations with a natural coastline of sea or ocean as their border draw considerable tourists annually, including the United States and Canada. Numerous corporate entities are renting their luxury yachts in this area, leading to an increase in the popularity of luxury yachts. The increase in billionaires and millionaires lately is the primary driver behind the growth of the North America luxury yacht Industry in this area.

Summer Party Trends Fuelling North America Luxury Yacht Demand

  • The increasing interest in boat leisure activities and the expansion of marine tourism are presenting a lucrative chance for market participants in the luxury yacht sector. Many people are choosing luxury yachts to host parties during the summer months. Encouraging government measures to enhance marine tourism, reduced taxes on marine resorts, and simplified leasing regulations are driving the growth of the luxury yacht industry. The increase in affluent individuals and the strategic partnerships formed by top manufacturers are generating a profitable opportunity for market participants.

North America Luxury Yacht Market Segment Analysis:

North America Luxury Yacht Market is Segmented on the basis of Type, Application, Size, Propulsion, and Country.

By Type, Fly Bridge Yacht segment is expected to dominate the market during the forecast period

  • Fly Bridge Yacht is credited to the extensive area above that is frequently used for hosting and meals in addition to extended travelling. These are highly favoured by business entities for holding meetings on the open sea since they provide all necessary facilities such as air conditioning. The Industry offers various types of flybridges, including sports bridge, open, and hardtop flybridge. Flybridge yachts offer additional usable space and excellent visibility for detecting nearby items. These yachts are the most commonly used for recreational activities in the summer in both developed and developing areas, thereby fostering the expansion of this segment during the analysis timeframe.

By Propulsion, Motor Yacht segment held the largest share in 2023

  • Motor yachts possess greater power and speed than their equivalents, enabling them to travel longer distances in shorter durations. Using motor yachts, people can travel along nearly any coastline or island chain, whether the route is tight or the water is low. Motor yachts are simpler to manage, the costs associated with the crew are significantly lower, and hiring crew members is less complicated than for a sailing yacht. Motor yachts are simpler to manage, making them a favoured option for people with limited yachting experience. Motor yachts provide greater space in comparison to similar vessels and can include amenities like water toys. Many contemporary explorer yachts are equipped with helipads and research facilities, thus enhancing the growth of this segment.

Country Analysis of North America Luxury Yacht Market:

The United States is Expected to Dominate the Market Over the Forecast period

  • The United States is expected to maintain its dominance in the luxury yacht industry due to several key factors, as highlighted by the ongoing expansion projects of prominent players in the sector. Scout Boats Inc., one of the leading manufacturers, is investing US$ 10 million in expansion initiatives at its Summerville campus. This includes the construction of a new 37,500-square-foot production building and renovations to office facilities, underscoring the company's commitment to growth and innovation. The new plant, known as Plant E, will support the production of high-end yachts, such as the 67 LX series, a 67-foot model that stands out as one of the largest outboard-powered sportfishing yachts.
  • This expansion comes on the heels of a previous US$ 3 million investment in 2021, which added a 21,000-square-foot product development and engineering building. These strategic investments are expected to increase Scout Boats' workforce by 125 employees, further strengthening its position in the market. Alongside these initiatives, other key players like Westport Yacht, Headship, and Hatteras Yachts are also investing in product development and manufacturing expansions. Such moves enhance their product offerings and widen their customer base, consolidating the United States' dominance in the North America luxury yacht Industry. The combination of product innovation, manufacturing capacity growth, and a skilled workforce positions the U.S. as a leading force in the luxury yacht industry, ensuring its continued leadership and growth.

Active Key Players in the North America Luxury Yacht Market:

  • Dyna Craft Ltd. (US)
  • Horizon (US)
  • Brunswick Corporation (US)
  • O Yachts (US)
  • Damen Yachting BV (Netherlands)
  • Azimut/Benetti Group (Italy)
  • BENETEAU (France)
  • Cheoy Lee Shipyards Limited (China)
  • Feadship (Netherlands)
  • Ferretti S.p.a (Italy)
  • FIPA Group (Germany)
  • Fr. Lürssen Werft GmbH & Co. KG (Germany)
  • Perini Navi S.p.a (Italy)
  • Bavaria Yachtbau GmbH (Germany)
  • Sanlorenzo Spa (Italy)
  • Sunseeker (UK), and other Active players.

Key Industry Developments in the North America Luxury Yacht Market:

  • In October 2024, Horizon’s 60.96-meter flagship explorer yacht, NAVIX60, is progressing towards its 2025 delivery. The aluminium canopy, weighing 4.5 tons, was installed as part of the superstructure, supporting advanced communication and navigation equipment. Designed by Cor D. Rover and built for long voyages, Horizon offers a 9,000 nautical mile range and 40-day sea endurance without resupply.
  • In June 2024, Horizon Yachts launched the 23.47-meter V77 cockpit motor yacht, designed for both fishing and leisure. Outfitted with fishing gear like rod holders and live bait wells, the yacht features a hydraulic fold-down transom for angling. Its main deck offers an open-plan saloon, galley, and dining area, while the sundeck provides alfresco dining. Accommodation includes four cabins for eight guests.
  • In October 2023, Hodgdon Tenders, the Superyacht tender division of Hodgdon Yachts, launched an 11.4-meter aft helm Superyacht limousine tender, designed by Michael Peters Yacht Design, Powered by twin Volvo D4-320 engines, it offered superior stability and exceptional craftsmanship, reflecting Hodgdon's commitment to high-quality construction.

North America Luxury Yacht Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 4.11 Bn.

Forecast Period 2024-32 CAGR:

8.27%

Market Size in 2032:

USD 8.40 Bn.

Segments Covered:

By Type

  • Super Yacht
  • Fly Bridge Yacht
  • Sport Yacht
  • Long Range Yacht
  • Others

By Application

  • Private use
  • Commercial use
  • Special use

By Size

  • 40-90 Feet
  • 90-250 Feet
  • Above 250 Feet

By Propulsion

  • Motor Yacht
  • Gulet Yacht
  • Sailing Yacht

By Region

  • North America (U.S., Canada, Mexico)

Key Market Drivers:

  • Rising Popularity of Recreational Boating and Leisure Activities

Key Market Restraints:

  • The Rise in the CO2 Emission From the Marine Tourism Industry

Key Opportunities:

  • Summer Party Trends Fuelling North America Luxury Yacht Demand

Companies Covered in the report:

  • Dyna Craft Ltd. (US), Horizon (US), Brunswick Corporation (US), O Yachts (US), Damen Yachting BV (Netherlands), Azimut/Benetti Group (Italy), and Other Active Players.


Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Industry Dynamics and Opportunity Analysis
  3.1.1 Growth Drivers
  3.1.2 Limiting Factors
  3.1.3 Growth Opportunities
  3.1.4 Challenges and Risks
 3.2 Market Trend Analysis
 3.3 Strategic Pestle Overview
 3.4 Porter's Five Forces Framework
 3.5 Industry Value Chain Mapping
 3.6 Regulatory Framework
 3.7 Pricing Trend Analysis
 3.8 Patent Analysis
 3.9 Technology Evolution
 3.10 Investment Pockets
 3.11 Import-Export Analysis

Chapter 4: North America Luxury Yacht Market by Type
 4.1 North America Luxury Yacht Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 Super Yacht
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Super Yacht: Geographic Segmentation Analysis
 4.4 Fly Bridge Yacht
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Fly Bridge Yacht: Geographic Segmentation Analysis
 4.5 Sport Yacht
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Sport Yacht: Geographic Segmentation Analysis
 4.6 Long Range Yacht
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Long Range Yacht: Geographic Segmentation Analysis
 4.7 Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Others: Geographic Segmentation Analysis

Chapter 5: North America Luxury Yacht Market by Application
 5.1 North America Luxury Yacht Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 Private use
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Private use: Geographic Segmentation Analysis
 5.4 Commercial use
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Commercial use: Geographic Segmentation Analysis
 5.5 Special use
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Special use: Geographic Segmentation Analysis

Chapter 6: North America Luxury Yacht Market by Size
 6.1 North America Luxury Yacht Market Snapshot and Growth Engine
 6.2 Market Overview
 6.3 40-90 Feet
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 40-90 Feet: Geographic Segmentation Analysis
 6.4 90-250 Feet
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 90-250 Feet: Geographic Segmentation Analysis
 6.5 above 250 Feet
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 above 250 Feet: Geographic Segmentation Analysis

Chapter 7: North America Luxury Yacht Market by Propulsion
 7.1 North America Luxury Yacht Market Snapshot and Growth Engine
 7.2 Market Overview
 7.3 Motor Yacht
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Motor Yacht: Geographic Segmentation Analysis
 7.4 Gulet Yacht
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Gulet Yacht: Geographic Segmentation Analysis
 7.5 Sailing Yacht
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Sailing Yacht: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 North America Luxury Yacht Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions  
 8.2 DYNA CRAFT LTD (US)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Recent News & Development
  8.2.8 SWOT Analysis
 8.3 HORIZON (US)
 8.4 BRUNSWICK CORPORATION (US)
 8.5 O YACHTS (US)
 8.6 DAMEN YACHTING BV (NETHERLANDS)
 8.7 AZIMUT/BENETTI GROUP (ITALY)
 8.8 BENETEAU (FRANCE)
 8.9 CHEOY LEE SHIPYARDS LIMITED (CHINA)
 8.10 FEADSHIP (NETHERLANDS)
 8.11 FERRETTI S.P.A (ITALY)
 8.12 FIPA GROUP (GERMANY)
 8.13 FR LÜRSSEN WERFT GMBH & CO KG (GERMANY)
 8.14 PERINI NAVI S.P.A (ITALY)
 8.15 BAVARIA YACHTBAU GMBH (GERMANY)
 8.16 SANLORENZO SPA (ITALY)
 8.17 SUNSEEKER (UK)
 8.18 OTHER ACTIVE PLAYERS

Chapter 9:North America Luxury Yacht Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Key Market Trends, Growth Factors and Opportunities
 9.3 Key Players
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Super Yacht
  9.4.2 Fly Bridge Yacht
  9.4.3 Sport Yacht
  9.4.4 Long Range Yacht
  9.4.5 Others
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Private use
  9.5.2 Commercial use
  9.5.3 Special use
 9.6 Historic and Forecasted Market Size By Size
  9.6.1 40-90 Feet
  9.6.2 90-250 Feet
  9.6.3 above 250 Feet
 9.7 Historic and Forecasted Market Size By Propulsion
  9.7.1 Motor Yacht
  9.7.2 Gulet Yacht
  9.7.3 Sailing Yacht
 9.8 Historic and Forecast Market Size by Country
  9.8.1 U.S.
  9.8.2 Canada
  9.8.3 Mexico

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Conclusion

Chapter 11 Our Thematic Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
 

North America Luxury Yacht Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 4.11 Bn.

Forecast Period 2024-32 CAGR:

8.27%

Market Size in 2032:

USD 8.40 Bn.

Segments Covered:

By Type

  • Super Yacht
  • Fly Bridge Yacht
  • Sport Yacht
  • Long Range Yacht
  • Others

By Application

  • Private use
  • Commercial use
  • Special use

By Size

  • 40-90 Feet
  • 90-250 Feet
  • Above 250 Feet

By Propulsion

  • Motor Yacht
  • Gulet Yacht
  • Sailing Yacht

By Region

  • North America (U.S., Canada, Mexico)

Key Market Drivers:

  • Rising Popularity of Recreational Boating and Leisure Activities

Key Market Restraints:

  • The Rise in the CO2 Emission From the Marine Tourism Industry

Key Opportunities:

  • Summer Party Trends Fuelling North America Luxury Yacht Demand

Companies Covered in the report:

  • Dyna Craft Ltd. (US), Horizon (US), Brunswick Corporation (US), O Yachts (US), Damen Yachting BV (Netherlands), Azimut/Benetti Group (Italy), and Other Active Players.
Please Wait...

Frequently Asked Questions :

What would be the forecast period in the North America Luxury Yacht Market research report?

The forecast period in the North America Luxury Yacht Market research report is 2024-2032.

Who are the key players in the North America Luxury Yacht Market?

Dyna Craft Ltd. (US), Horizon (US), Brunswick Corporation (US), O Yachts (US), Damen Yachting BV (Netherlands), Azimut/Benetti Group (Italy), BENETEAU (France), Cheoy Lee Shipyards Limited (China), Feadship (Netherlands), Ferretti S.p.a (Italy), FIPA Group (Germany), Fr. Lürssen Werft GmbH & Co. KG (Germany), Perini Navi S.p.a (Italy), Bavaria Yachtbau GmbH (Germany), Sanlorenzo Spa (Italy), Sunseeker (UK), and other Active players.

What are the segments of the North America Luxury Yacht Market?

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 analyzed across North America (U.S.; Canada; Mexico),

What is the North America Luxury Yacht?

The recreational boating sector in the United States consistently draws significant numbers of individuals who fiercely compete with other lavish leisure activities. It has been estimated that recreational boating in the United States includes the use of luxury yachts for enjoyment. The rising disposable income among consumers and an escalating interest in marine tourism and recreational activities, including sailing, power boating, water sports, yachting, and more, have seen considerable expansion in recent years.

How big is the North America Luxury Yacht Market?

The North America Luxury Yacht market estimated at USD 4.11 Billion in the year 2023, is projected to reach a revised size of USD 8.40 Billion by 2032, growing at a CAGR of 8.27% over the analysis period 2024-2032.