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Berthon publishes an annual Market Report, reviewing yacht sales over the previous year and looking at what we believe will be the important trends and changes in the year ahead. Berthon are bluewater specialists and manage luxury yacht sales through a network of international offices.

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The Adjoining Berthon Collection

Last Year’s Market Report 2023

• The Market Report 2023 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; Footnote by Harry Lightfoot
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• A word from Michael White , affectionately known by the team as Chalky
• Berthon USA Review by Jennifer Stewart, Alan Baines, Bill Rudkin, Mark von Drashek and Peter Houghton
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• COOL to the point of freezing
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• Yacht Sales in the 21st Century by Sue Grant
• 2023 Berthon Forecast by Sue Grant

Last Year’s Market Report 2022

• The Market Report 2022 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; Footnotes from Sophie Kemp & Harry Lightfoot
• Motor Yacht Review by Robert Steadman; A footnote from Harry Hamson
• New Motor Yacht Sales by Hugh Rayner
• Berthon USA Review by Jennifer Stewart, Alan Baines, Bill Rudkin and Mark von Drashek
• Berthon France Review by Bruno Kairet
• Berthon Spain Review Service & Refit by Andrew Fairbrass
• Berthon Spain Review Yacht Sales by Simon Turner and Ben Toogood
• Canine Stick Report by the Canine Division
• VAT Life After Brexit – One Year On By Simon Anslow
• The Practicalities & Possibilities of Delivery by Sea by Peter Kloezeman
• The Wallflowers of a Buoyant Market by Sue Grant
• Yacht Insurance by Richard Power
• COVID-19 and the Yacht Market by Sue Grant
• Yachting & the Supply Chain by Sue Grant
• 2022 Berthon Forecast by Sue Grant

Market Report 2021

• The Market Report 2021 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; A footnote from Sophie Kemp
• Berthon Spain Review Yacht Sales by Simon Turner
• The Other Side of Brexit – VAT & Customs by Simon Anslow
• Brexit & Yacht Registration by Duncan Swanson – The UK Ship Register & Yachts in a post Brexit environment by Duncan Swanson of Ocean Skies.
• The Recreational Craft Directive by Alasdair Reay
• International Boat Shows by Sue Grant
• COVID-19 and The Yacht Market by Sue Grant
• The Business End of the Yachting Business and Meeting the Yachtsman’s Expectation by David Tydeman
• 2021 Berthon Forecast by Sue Grant

Market Report 2020

• The Market Report 2020 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; footnote by Sophie Kemp
• Motor Yacht Review by Hugh Rayner
• The Windy UK and Pearl Yachts Review by Ben Toogood
• The Iguana Yachts Review by Robert Steadman
• Berthon USA Review by Jennifer Stewart and Alan Baines
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• VAT vs. Brexit by Simon Anslow
• Brexit and getting on with life…
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• Buying a New Yacht – some of the pitfalls, along with the fun
• The 2020 Berthon Forecast by Sue Grant

Editor’s Note: Much of the 2020 Berthon Market Report was written before the Covid-19 crisis gathered momentum. We decided to continue with this publication, just updated slightly. Of course we cannot know the impact of this crisis on all aspects of life going forward not just yachting, so we will not guess. We ask you all to stay safe, keep well and we hope that you will enjoy these jottings.

Market Report 2019

• Market Report 2019 Opening Remarks By Sue Grant
• Sailing Yacht Review By Alan McIlroy; footnote by Sophie Kemp
• Motor Yacht Review By Hugh Rayner; footnote by Robert Steadman
• Performance Yacht Review By Ben Cooper
• The Windy UK, Pearl and Iguana Review By Ben Toogood
• Berthon USA Review By Jennifer Stewart, Alan Baines, Bill Rudkin and Mark von Drashek
• Berthon France Review By Bruno Kairet
• Berthon Spain Review By Andrew Fairbrass
• Solaris Review By Richard Baldwin and Alan McIlroy
• THE CONFIDENCE & CURRENCY GAME
• INTERIOR DESIGN FOR YACHTS and why it matters…
• INFORMATION DELIVERY and the WORLDWIDE WEB in 2019
• HIGH LATITUDE CRUISING Steve & Linda Dashew look at the design and the risks
• IPV – BERTHON BRINGS YOU ANOTHER NEW ACRONYM TO CONJURE WITH…
• TECHNOLOGY and the YACHT MARKET
• 2019 Berthon Forecast By Sue Grant

Market Report 2018

• Market Report 2018 (Opening Remarks) By Sue Grant
• Sailing Yacht Review By Alan McIlroy and Sophie Kemp
• Motor Yacht Review By Hugh Rayner
• Performance Yacht and Advanced Yachts Review By Ben Cooper
• Solaris Review By Richard Baldwin
• The Windy UK Review By Ben Toogood
• Berthon USA Review By Jennifer Stewart, Alan Baines and Bill Rudkin
• A word about GDPR
• The Pacific and Southern Hemisphere as a cruising destination
• Technology in Design moving through the build process
• Residual Yacht value and the cost of having fun
• Talking points – cool to the point of freezing
• VAT and Brexit- What it might, might not and certainly won’t mean
• The Magic of Film
• General overview of the international stock markets and economies
• 2018 Berthon Forecast

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• Berthon Market Report 2022 (PDF 9.75MB)
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• Berthon Market Report 2019 (PDF 1.96MB)
• Berthon Market Report 2018 (PDF 2.1MB)
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• Berthon Market Report 2016 (PDF 2MB)
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• Berthon Market Report 2014 (PDF 2MB)
• Berthon Market Report 2013 (PDF 2MB)
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Luxury Yacht Market

Luxury Yacht Market Size, Share & Segmentation by Material (Metals & Alloys, Fiber Reinforced Polymers & Composites, Others), by Type (Motorized Luxury Yacht, Sailing Luxury Yacht, Other Luxury Yacht), by Size (121-250 feet, 75-120 feet, Above 250 feet), by Application (Personal Use, Commercial Use), by Regions and Global Forecast 2024-2032

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• Table of Content
• Methodology
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Luxury Yacht Market Size & Overview:

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The Luxury Yacht Market size was USD 7.36 billion in 2023 and is expected to Reach USD 15.16 billion by 2032 and grow at a CAGR of 8.35% over the forecast period of 2024-2032.

The luxury yacht market is evolving with a focus on incorporating advanced features for enhanced performance and customer experience. Manufacturing processes have shifted towards using composites due to benefits like corrosion resistance. Europe anticipates significant market growth, driven by a rising number of High-Net-Worth Individuals and technological advancements in yachts. Despite the initial impact of the COVID-19 pandemic, the yacht market has shown resilience, with increased interest in leisure activities. The industry sees a surge in technological innovations, including 3D printing . The growth is also influenced by the increasing number of Ultra-High Net-Worth Individuals and a global rise in recreational spending.

The luxury yacht market is evolving with a focus on incorporating advanced features for enhanced performance and customer experience. Manufacturing processes have shifted towards using composites due to benefits like corrosion resistance. Europe anticipates significant market growth, driven by a rising number of High-Net-Worth Individuals and technological advancements in yachts. Despite the initial impact of the COVID-19 pandemic, the yacht market has shown resilience, with increased interest in leisure activities. The industry sees a surge in technological innovations, including 3D printing. The growth is also influenced by the increasing number of Ultra-High Net-Worth Individuals and a global rise in recreational spending.

MARKET DYNAMICS

Key drivers:.

• The market growth is driven by the increasing number of yacht shows and events

Yacht shows and events are essential drivers of the luxury yacht market's growth, acting as dynamic spaces that bring together key players, showcase innovations, and create an atmosphere of excitement and exclusivity. These gatherings serve as meeting points for creativity, economic opportunities, and luxury experiences, influencing both buyers and sellers. Luxury yacht manufacturers seize the chance to unveil their newest models and innovations, presenting cutting-edge technology and designs that set industry trends. These events are significant occasions where the industry's pulse is felt, shaping the direction of the market and creating a platform for networking, business opportunities, and the introduction of groundbreaking features.

• Product demand is on the rise due to increased number of Ultra-high Net Worth Individuals  ( UHNWIs)
• Environmental concerns to hamper market growth associated with yachting activities

Luxury yachts exert a notable influence on marine ecosystems, particularly in busy waterways. Their presence can contribute to environmental issues such as the proliferation of algae and sedimentation, obstructing solar radiation and deteriorating water quality, thereby affecting marine life. Sediments accumulated on yachts can alter water chemistry, leading to either alkalinity or acidity. Moreover, the chemicals utilized in yacht maintenance, operation, and protection can contaminate the water, causing harm to wildlife and disrupting the ecosystem. Given that freshwater sources are often used for drinking and fishing, these toxins in freshwater can pose risks to both marine life and human well-being.

OPPORTUNITY:

• Opportunities for manufacturers are provided by continuing innovation in yacht design, materials and technology

CHALLENGES:

• The maintenance cost of luxury yachts is high, which can be a deterrent for potential buyers

Impact Of Russia Ukraine War

The russia-ukraine war has introduced uncertainty into the luxury yacht market, influencing consumer confidence and market dynamics. economic instability, supply chain disruptions, and changing consumer priorities amid geopolitical tensions can impact manufacturing, pricing, and demand for luxury yachts. the extent of the impact may vary regionally, and ongoing developments in the conflict could further shape market trends. impact of economic slowdown.

An economic slowdown poses challenges for the luxury yacht market as high-net-worth individuals may curtail spending, impacting sales and consumer confidence. Reduced demand, potential delays in purchases, and financing constraints can disrupt the industry. Manufacturers and dealers must adapt strategies, consider pricing structures, and emphasize value propositions to navigate the adverse effects of economic downturns and sustain market resilience.

KEY MARKET SEGMENTS

By Material

Metals & Alloys

Fiber Reinforced Polymers & Composites

The Luxury Yacht Market, segmented by hull material into fiber reinforced polymers & composites, metals & alloys, and others, saw the fiber reinforced polymers & composites segment  dominating in 2022. This was driven by their exceptional strength-to-weight ratio, surpassing traditional metals like steel. Fiber reinforced polymers and composites offer equivalent or greater strength and stiffness while significantly reducing weight. Widely used in sectors such as wind energy, aerospace, and automotive, these materials contribute to enhanced energy performance by lowering overall weight in various applications, solidifying their pivotal role in the luxury yacht industry.

By  Type

Motorized Luxury Yacht

Sailing Luxury Yacht

Other Luxury Yacht

The Luxury Yacht Market is categorized by type, encompassing sailing luxury yachts, motorized luxury yachts, and other luxury yachts. With a share of over 80 % in 2022, the yacht motor segment dominated the worldwide market for luxury boats. The advantages offered by these ships, such as their speed and power, the strong coverage over a wide range of distances, can also be attributed to this segment's significant share. These luxury motor yachts provide a unique and lavish means of travel and relaxation. Owners can venture to distant destinations, indulge in private retreats, and host exclusive events and parties onboard. The demand for motorized luxury yachts is fueled by the allure of exploring the expansive sea in opulent comfort, making them a sought-after choice for those seeking a premium maritime experience.

121-250 feet

75-120 feet

Above 250 feet

The Luxury Yacht Market is segmented by size, with categories including 75-120 feet, 121-250 feet, and above 250 feet. In 2022, the 121-250 feet  category emerged as the top revenue generator with the market share of 71% . Yachts within the 121-250 feet range are hailed as the epitome of luxury, success, and social prestige. These superyachts attract ultra-high-net-worth individuals seeking to showcase their wealth and accomplishments due to their exclusivity. Considered a symbol of opulence, yachts in this size range are favored by those who desire a vessel that reflects not only their affluence but also their discerning taste for unparalleled luxury and grandeur.

REGIONAL ANALYSIS

Europe  stood out as the dominant player in 2022, commanding a significant market share of 45 %. This supremacy can be attributed to Europe's rich maritime legacy, deeply rooted in a historical tradition of sailing and shipbuilding. The enduring legacy of luxury yacht production and design expertise across the European continent remains a pivotal factor fueling the sustained demand for high-end yachts. This allure extends to a diverse clientele, encompassing both domestic enthusiasts and international buyers.

Within Europe, the German Luxury Yacht market emerged as the frontrunner, securing the largest market share and underscoring the nation's prominence in the luxury yacht sector. Meanwhile, the UK Luxury Yacht market exhibited remarkable growth, earning recognition as the fastest-growing market in the European region.

The North America  Luxury Yacht Market holds the second-largest market share, driven by the region's emphasis on leisure, entertainment, and recreational pursuits. The stunning coastlines and canals in North America offer an attractive backdrop for affluent individuals who frequently rent boats for leisure and pleasure. Notably, the U.S. Luxury Yacht market dominates this sector, claiming the largest market share, while the Canada Luxury Yacht market emerges as the fastest-growing market within the North American region.

Anticipated to exhibit the fastest Compound Annual Growth Rate from 2023 to 2030, the Asia-Pacific  Luxury Yacht Market is poised for significant expansion. The rapid economic growth in the Asia-Pacific region has led to an increasing middle class and a rise in high-net-worth individuals. As income levels in the region elevate, so does the demand for luxury goods, including luxury yachts. In this context, China's Luxury Yacht market takes the lead by holding the largest market share, and the Indian Luxury Yacht market stands out as the fastest-growing market in the Asia-Pacific region.

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REGIONAL COVERAGE:

North America

Eastern Europe

Rest of Eastern Europe

Western Europe

Netherlands

Switzerland

Rest of Western Europe

Asia Pacific

South Korea

Rest of Asia Pacific

Middle East & Africa

Middle East

Saudi Arabia

Rest of Middle East

South Africa

Rest of Africa

Latin America

Rest of Latin America  

Key Players  

Some of the major players in the Luxury Yacht Market are Viking Yacht Company , Sanlorenzo Spa, Alexander Marine Co Ltd, Horizon Yacht , Sunseeker International Limited, Princess Yachts International plc , Damen Shipyards Group,   Lurssen , Azimut Benetti S.p.A, Ferretti S.p.A and other players.

RECENT TRENDS

December 13, 2023, Lurssen  has recently started the final stages of construction of its latest masterpiece, Project Ali Baba, at its Hamburg facility, in a move that underlines its reputation as a pioneer in luxury yacht construction. The project, which was shrouded in secrecy and anticipation, is about to make itself a new benchmark for the luxury yacht industry.

Ferretti S.P.A . acquired a production site with an area of over 70 000 square feet at Ravenna, Italy, on March 23, 2023. An initial investment amounting to about EUR 40 million has been made in the acquisition.

Research Methodology Used For Study of Luxury Yacht Market

Quantitative Analysis:

We collected and analyzed extensive datasets from surveys and social media sentiment analysis. This method facilitated a statistical understanding of market trends and consumer preferences, forming the basis for numerical representations in the report.

Qualitative Analysis:

Conducted in-depth research to explore consumer emotions and preferences deeply. The qualitative insights complemented quantitative data, offering a holistic view of consumer sentiments within the luxury yacht market.

Cross-Industry Benchmarking:

Compared the luxury yacht market with high-end automotive and hospitality industries to identify trends and potential areas for innovation. This cross-industry analysis contributed to a multidimensional perspective on emerging technologies and design trends in the report.

Frequently Asked Questions

Ans:- The market size is expected to reach USD 57.24 billion by 2028.

Ans:-  A recreational boat used for tourism and pleasure is known as a leisure boat.

Ans:- New commercial potential & number of boat clubs and memberships are projected to rise are the most promising aspects/opportunities of the leisure boat market.

Ans:- North American region is anticipated to be the primary driver of the market.

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Covid-19 Impact Analysis

4.2 Impact Of Russia Ukraine Crisis

4.3 Impact of Economic Slowdown on Major Countries

4.3.1 Introduction

4.3.2 United States

4.3.3 Canada

4.3.4 Germany

4.3.5 France

4.3.7 China

4.3.8 Japan

4.3.9 South Korea

4.3.10 India

5. Value Chain Analysis

6. Porter’s 5 Forces Model

7.  Pest Analysis

8. Luxury Yacht Market Segmentation, By Material

8.1 Introduction

8.2 Trend Analysis

8.3 Metals & Alloys

8.4 Fiber Reinforced Polymers & Composites

9. Luxury Yacht Market Segmentation, By Type

9.1 Introduction

9.2 Trend Analysis

9.3 Motorized Luxury Yacht

9.4 Sailing Luxury Yacht

9.5 Other Luxury Yacht

10. Luxury Yacht Market Segmentation, By Application

10.1 Introduction

10.2 Trend Analysis

10.3 121-250 feet

10.4 75-120 feet

10.5 Above 250 feet

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 Trend Analysis

11.2.2 North America Luxury Yacht Market by Country

11.2.3 North America Luxury Yacht Market By Material

11.2.4 North America Luxury Yacht Market By Type

11.2.5 North America Luxury Yacht Market by Application

11.2.6.1 USA Luxury Yacht Market By Material

11.2.6.2 USA Luxury Yacht Market By Type

11.2.6.3 USA Luxury Yacht Market by Application

11.2.7 Canada

11.2.7.1 Canada Luxury Yacht Market By Material

11.2.7.2 Canada Luxury Yacht Market By Type

11.2.7.3 Canada Luxury Yacht Market By Application

11.2.8 Mexico

11.2.8.1 Mexico Luxury Yacht Market By Material

11.2.8.2 Mexico Luxury Yacht Market By Type

11.2.8.3 Mexico Luxury Yacht Market by Application

11.3 Europe

11.3.1 Trend Analysis

11.3.2 Eastern Europe

11.3.3.1 Eastern Europe Luxury Yacht Market by Country

11.3.3.2 Eastern Europe Luxury Yacht Market By Material

11.3.3.3 Eastern Europe Luxury Yacht Market By Type

11.3.3.4 Eastern Europe Luxury Yacht Market By Application

11.3.3.5 Poland

11.3.3.5.1 Poland Luxury Yacht Market By Material

11.3.3.5.2 Poland Luxury Yacht Market By Type

11.3.3.5.3 Poland Luxury Yacht Market by Application

11.3.3.6 Romania

11.3.3.6.1 Romania Luxury Yacht Market By Material

11.3.3.6.2 Romania Luxury Yacht Market By Type

11.3.3.6.4 Romania Luxury Yacht Market By Application

11.3.3.7 Turkey

11.3.3.7.1 Turkey Luxury Yacht Market By Material

11.3.3.7.2 Turkey Luxury Yacht Market By Type

11.3.3.7.3 Turkey Luxury Yacht Market By Application

11.3.3.8 Rest of Eastern Europe

11.3.3.8.1 Rest of Eastern Europe Luxury Yacht Market By Material

11.3.3.8.2 Rest of Eastern Europe Luxury Yacht Market By Type

11.3.3.8.3 Rest of Eastern Europe Luxury Yacht Market By Application

11.3.3 Western Europe  

11.3.3.1 Western Europe Luxury Yacht Market by Country

11.3.3.2 Western Europe Luxury Yacht Market By Material

11.3.3.3 Western Europe Luxury Yacht Market By Type

11.3.3.4 Western Europe Luxury Yacht Market By Application

11.3.3.5 Germany

11.3.3.5.1 Germany Luxury Yacht Market By Material

11.3.3.5.2 Germany Luxury Yacht Market By Type

11.3.3.5.3 Germany Luxury Yacht Market By Application

11.3.3.6 France  

11.3.3.6.1 France Luxury Yacht Market By Material

11.3.3.6.2 France Luxury Yacht Market By Type

11.3.3.6.3 France Luxury Yacht Market By Application

11.3.3.7 UK

11.3.3.7.1 UK Luxury Yacht Market By Material

11.3.3.7.2 UK Luxury Yacht Market By Type

11.3.3.7.3 UK Luxury Yacht Market By Application

11.3.3.8 Italy

11.3.3.8.1 Italy Luxury Yacht Market By Material

11.3.3.8.2 Italy Luxury Yacht Market By Type

11.3.3.8.3 Italy Luxury Yacht Market By Application

11.3.3.9 Spain

11.3.3.9.1 Spain Luxury Yacht Market By Material

11.3.3.9.2 Spain Luxury Yacht Market By Type

11.3.3.9.3 Spain Luxury Yacht Market By Application

11.3.3.10 Netherlands

11.3.3.10.1 Netherlands Luxury Yacht Market By Material

11.3.3.10.2 Netherlands Luxury Yacht Market By Type

11.3.3.10.3 Netherlands Luxury Yacht Market by Application

11.3.3.11 Switzerland

11.3.3.11.1 Switzerland Luxury Yacht Market By Material

11.3.3.11.2 Switzerland Luxury Yacht Market By Type

11.3.3.11.3 Switzerland Luxury Yacht Market By Application

11.3.3.1.12 Austria  

11.3.3.12.1 Austria Luxury Yacht Market By Material

11.3.3.12.2 Austria Luxury Yacht Market By Type

11.3.3.12.3 Austria Luxury Yacht Market By Application

11.3.3.13 Rest of Western Europe

11.3.3.13.1 Rest of Western Europe Luxury Yacht Market By Material

11.3.3.13.2 Rest of Western Europe Luxury Yacht Market By Type

11.3.3.13.3 Rest of Western Europe Luxury Yacht Market By Application

11.4 Asia-Pacific

11.4.1 Trend Analysis

11.4.2 Asia-Pacific Luxury Yacht Market by country

11.4.3 Asia-Pacific Luxury Yacht Market By Material

11.4.4 Asia-Pacific Luxury Yacht Market By Type

11.4.5 Asia-Pacific Luxury Yacht Market By Application

11.4.6 China

11.4.6.1 China Luxury Yacht Market By Material

11.4.6.2 China Luxury Yacht Market By Type

11.4.6.3 China Luxury Yacht Market by Application

11.4.7 India

11.4.7.1 India Luxury Yacht Market By Material

11.4.7.2 India Luxury Yacht Market By Type

11.4.7.3 India Luxury Yacht Market By Application

11.4.8 Japan

11.4.8.1 Japan Luxury Yacht Market By Material

11.4.8.2 Japan Luxury Yacht Market By Type

11.4.8.3 Japan Luxury Yacht Market By Application

11.4.9 South Korea

11.4.9.1 South Korea Luxury Yacht Market By Material

11.4.9.2 South Korea Luxury Yacht Market By Type

11.4.9.3 South Korea Luxury Yacht Market By Application

11.4.10 Vietnam

11.4.10.1 Vietnam Luxury Yacht Market By Material

11.4.10.2 Vietnam Luxury Yacht Market By Type

11.4.10.3 Vietnam Luxury Yacht Market By Application

11.4.11 Singapore

11.4.11.1 Singapore Luxury Yacht Market By Material

11.4.11.2 Singapore Luxury Yacht Market By Type

11.4.11.3 Singapore Luxury Yacht Market By Application  

11.4.12 Australia

11.4.12.1 Australia Luxury Yacht Market By Material

11.4.12.2 Australia Luxury Yacht Market By Type

11.4.12.3 Australia Luxury Yacht Market By Application

11.4.13 Rest of Asia-Pacific

11.4.13.1 Rest of Asia-Pacific Luxury Yacht Market By Material

11.4.13.2 Rest of Asia-Pacific Luxury Yacht Market By Type

11.4.13.3 Rest of Asia-Pacific Luxury Yacht Market by Application

11.5 Middle East & Africa

11.5.1 Trend Analysis

11.5.2 Middle East

11.5.2.1 Middle East Luxury Yacht Market by Country

11.5.2.2 Middle East Luxury Yacht Market By Material

11.5.2.3 Middle East Luxury Yacht Market By Type

11.5.2.4 Middle East Luxury Yacht Market By Application

11.5.2.5 UAE

11.5.2.5.1 UAE Luxury Yacht Market By Material

11.5.2.5.2 UAE Luxury Yacht Market By Type

11.5.2.5.3 UAE Luxury Yacht Market By Application

11.5.2.6 Egypt

11.5.2.6.1 Egypt Luxury Yacht Market By Material

11.5.2.6.2 Egypt Luxury Yacht Market By Type

11.5.2.6.3 Egypt Luxury Yacht Market By Application

11.5.2.7 Saudi Arabia  

11.5.2.7.1 Saudi Arabia Luxury Yacht Market By Material

11.5.2.7.2 Saudi Arabia Luxury Yacht Market By Type

11.5.2.7.3 Saudi Arabia Luxury Yacht Market By Application

11.5.2.8 Qatar

11.5.2.8.1 Qatar Luxury Yacht Market By Material

11.5.2.8.2 Qatar Luxury Yacht Market By Type

11.5.2.8.3 Qatar Luxury Yacht Market By Application

11.5.2.9 Rest of Middle East

11.5.2.9.1 Rest of Middle East Luxury Yacht Market By Material

11.5.2.9.2 Rest of Middle East Luxury Yacht Market By Type

11.5.2.9.3 Rest of Middle East Luxury Yacht Market By Application

11.5.3 Africa

11.5.3.1 Africa Luxury Yacht Market by Country

11.5.3.2 Africa Luxury Yacht Market By Material

11.5.3.3 Africa Luxury Yacht Market By Type

11.5.3.4 Africa Luxury Yacht Market By Application

11.5.3.5 Nigeria

11.5.3.5.1 Nigeria Luxury Yacht Market By Material

11.5.3.5.2 Nigeria Luxury Yacht Market By Type

11.5.3.5.3 Nigeria Luxury Yacht Market By Application

11.5.3.6 South Africa

11.5.3.6.1 South Africa Luxury Yacht Market By Material

11.5.3.6.2 South Africa Luxury Yacht Market By Type

11.5.3.6.3 South Africa Luxury Yacht Market By Application

11.5.3.7 Rest of Africa

11.5.3.7.1 Rest of Africa Luxury Yacht Market By Material

11.5.3.7.2 Rest of Africa Luxury Yacht Market By Type

11.5.3.7.3 Rest of Africa Luxury Yacht Market by Application

11.6 Latin America

11.6.1 Trend Analysis

11.6.2 Latin America Luxury Yacht Market by country

11.6.3 Latin America Luxury Yacht Market By Material

11.6.4 Latin America Luxury Yacht Market By Type

11.6.5 Latin America Luxury Yacht Market by Application

11.6.6 Brazil

11.6.6.1 Brazil Luxury Yacht Market By Material

11.6.6.2 Brazil Luxury Yacht Market By Type

11.6.6.3 Brazil Luxury Yacht Market by Application

11.6.7 Argentina

11.6.7.1 Argentina Luxury Yacht Market By Material

11.6.7.2 Argentina Luxury Yacht Market By Type

11.6.7.3 Argentina Luxury Yacht Market by Application

11.6.8 Colombia

11.6.8.1 Colombia Luxury Yacht Market By Material

11.6.8.2 Colombia Luxury Yacht Market By Type

11.6.8.3 Colombia Luxury Yacht Market by Application

11.6.9 Rest of Latin America

11.6.9.1 Rest of Latin America Luxury Yacht Market By Material

11.6.9.2 Rest of Latin America Luxury Yacht Market By Type

11.6.9.3 Rest of Latin America Luxury Yacht Market by Application

12. Company Profiles

12.1 Nichia Corporation

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Samsung Electronics

12.2.1 Company Overview

12.2.2 Financial

12.2.3 Products/ Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 NXP Semiconductor

12.3.1 Company Overview

12.3.2 Financial

12.3.3 Products/ Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Infineon Technologies

12.4.1 Company Overview

12.4.2 Financial

12.4.3 Products/ Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 Taiwan Semiconductor

12.5.1 Company Overview

12.5.2 Financial

12.5.3 Products/ Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6.1 Company Overview

12.6.2 Financial

12.6.3 Products/ Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7.1 Company Overview

12.7.2 Financial

12.7.3 Products/ Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Renesas Electronics Corporation

12.8.1 Company Overview

12.8.2 Financial

12.8.3 Products/ Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 Stmicroelectronics

12.9.1 Company Overview

12.9.2 Financial

12.9.3 Products/ Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Texas Instruments Incorporated

12.10.1 Company Overview

12.10.2 Financial

12.10.3 Products/ Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Bench marking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Aquistions

14. Use Case and Best Practices

15. Conclusion

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US Luxury Yacht Market 2024–2033

Us luxury yacht market size, trends and insights by yachts type (motor yachts, sailing yachts, explorer yachts, sports yachts, others), by visit purpose (business, personal), by tour type (independent traveler, package traveler, tour group), by service providers (direct, indirect), and by region - industry overview, statistical data, competitive analysis, share, outlook, and forecast 2024–2033.

Report Code: CMI55061

Published Date: August 2024

Pages: 320+

Category: USA

• Product Description

Table of Contents

• Methodology
• Key Players

Reports Description

As per the current market research conducted by the CMI Team, the US Luxury Yacht Market is expected to record a CAGR of 8.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 4,507.5 Million . By 2033, the valuation is anticipated to reach USD 9,315.3 Million .

The US luxury yacht market represents a segment of the maritime industry dedicated to high-end vessels designed for affluent individuals and corporations. Characterized by opulent amenities, advanced technological features, and bespoke craftsmanship, luxury yachts in the US cater to discerning clientele seeking exclusive maritime experiences.

From sleek motor yachts offering speed and comfort to elegant sailing yachts embracing traditional craftsmanship, these vessels range in size from smaller models to expansive mega yachts exceeding 100 feet. The market thrives on innovation, customization, and a strong infrastructure supporting yacht sales, charters, and related services across coastal regions and major waterways.

US Luxury Yacht Market – Significant Growth Factors

The US Luxury Yacht Market presents significant growth opportunities due to several factors:

• High Net Worth Individuals (HNWIs) : The presence of a substantial number of HNWIs in the US drives demand for luxury yachts. These individuals seek exclusive and personalized maritime experiences, fueling the market for large, high-end vessels.
• Technological Advancements : Continuous innovation in yacht design and engineering, including hybrid propulsion systems, advanced navigation tools, and state-of-the-art entertainment systems, attracts affluent buyers looking for cutting-edge amenities and eco-friendly options.
• Rising Popularity of Yacht Chartering : The increasing preference for yacht chartering among affluent consumers provides a lucrative avenue for market growth. Charter companies offer flexibility and luxury, allowing individuals to experience yacht ownership without the full financial commitment.
• Booming Coastal Real Estate Market : The robust growth in coastal real estate markets, particularly in desirable waterfront locations, encourages investment in luxury yachts as complementary assets for coastal living and recreation.
• Expansion of Personalization and Customization : There is a growing opportunity to enhance yacht personalization, offering bespoke designs, customizable layouts, and unique features tailored to individual buyer preferences. This trend caters to the increasing demand for exclusive and personalized luxury experiences.
• Integration of Sustainable Practices : Embracing sustainability in yacht manufacturing and operations presents an opportunity to attract environmentally conscious buyers. Opportunities include using eco-friendly materials, reducing carbon footprints, and adopting green technologies to meet regulatory standards and appeal to a socially responsible consumer base.

US Luxury Yacht Market – Mergers and Acquisitions

The US Luxury Yacht Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the US Luxury Yacht Market include:

• In 2024, Mayla Hamburg, a new entrant in the luxury yacht market, unveils the ‘GT’, featuring versatile power options including diesel, gas, hybrid, and electric. With a carbon prepreg hull weighing just 3.8 tons, it achieves speeds of 50 to 100 knots. Amenities include a sundeck, BBQ, high-end audio, and sofa lounge.
• In 2023, Sanlorenzo introduced Para Bellum, a 47-meter explorer yacht in its popular 460-500 EXP series. Powered by twin Caterpillar engines, it achieves a cruising speed of 13 knots. This addition underscores Sanlorenzo’s commitment to delivering high-performance and luxurious vessels in the explorer yacht segment.
• In 2023, The Kadey-Krogen Group, based in Florida, acquired American Tugs of LaConner, Washington. Established in 1999, American Tugs is renowned for crafting high-quality coastal cruisers, having delivered over 250 yachts and commercial vessels from its 2,600 sq.m. facility, with a strong customer base in North America and Europe.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Luxury Yacht Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Luxury Yacht Market – Significant Threats

The US Luxury Yacht Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Economic Downturns : Economic recessions or fluctuations can lead to reduced consumer spending and investment in luxury goods like yachts, impacting sales, charter bookings, and overall market sentiment towards discretionary spending.
• Geopolitical Instability : Political tensions, trade disputes, or international conflicts can disrupt global markets, affecting yacht sales to international buyers and the stability of charter operations. Uncertainty in geopolitical climates can deter potential buyers from making significant luxury purchases.
• Regulatory Changes : Evolving environmental regulations and maritime laws may impose new compliance requirements or restrictions on yacht operations, impacting costs, operational flexibility, and the feasibility of certain yacht designs and technologies.
• Seasonal Variability : The luxury yacht market is susceptible to seasonal demand fluctuations, with peak seasons (e.g., summer months) driving revenues while off-seasons may experience reduced bookings and revenue. Dependence on seasonal trends requires effective management of inventory and pricing strategies to mitigate revenue fluctuations.
• Emerging Health Crises : Events like pandemics or health crises (e.g., COVID-19) can disrupt travel, reduce consumer confidence, and lead to cancellations of yacht charters and purchases, adversely affecting market stability, growth prospects, and the willingness of consumers to engage in luxury travel experiences.

Category-Wise Insights

By Yachts Type:

• Motor Yachts : Motor yachts are luxury vessels propelled primarily by engines, offering speed, comfort, and stability. Trends include increasing demand for larger yachts with advanced propulsion systems, such as hybrid or eco-friendly engines, and luxurious amenities like onboard spas and entertainment areas.
• Sailing Yachts : Sailing yachts utilize wind power for propulsion, appealing to enthusiasts of traditional sailing experiences. Trends include innovations in sail technology for enhanced performance, alongside modern comforts and eco-friendly designs to attract environmentally conscious buyers.
• Explorer Yachts : Explorer yachts are designed for long-range cruising and adventure, equipped with robust navigation systems and storage for extended voyages. Trends involve a growing preference for explorer yachts with expedition capabilities, capable of navigating remote destinations while offering luxury accommodations and sustainability features.
• Sports Yachts : Sports yachts emphasize speed, agility, and sleek design, catering to buyers interested in high-performance watercraft. Trends include advancements in hull design and lightweight materials for increased speed, along with luxurious interiors and state-of-the-art entertainment systems to appeal to sports enthusiasts and thrill-seekers.
• Others : This category encompasses niche segments like classic yachts, catamarans, and custom-built vessels catering to unique buyer preferences. Trends include a rise in demand for custom-designed yachts tailored to specific lifestyle needs, incorporating innovative technology and artisanal craftsmanship to create bespoke maritime experiences.

By Visit Purpose

• Business Purpose : Luxury yachts used for business purposes cater to corporate events, client entertainment, and executive retreats. Trends in this segment include the integration of advanced communication technologies, luxury amenities for hosting meetings and conferences onboard, and bespoke services tailored to corporate clientele. There is a growing demand for yachts equipped with business-friendly features and privacy for confidential discussions, reflecting a preference for exclusive and productive environments.
• Personal Purpose : Yachts used for personal purposes in the US luxury yacht market are sought after for leisure, relaxation, and family gatherings. Trends include customizable layouts, wellness amenities like spas and gyms, and eco-friendly designs. Personal yachts also emphasize experiential luxury, offering unique onboard activities such as water sports, gourmet dining experiences, and personalized itineraries that cater to individual preferences and lifestyle aspirations.

By Tour Type

• Independent Traveler : Independent travelers in the US luxury yacht market prefer personalized experiences and flexibility in their itineraries. They often charter yachts privately to explore destinations at their own pace, enjoying exclusive amenities and customized services tailored to their preferences. There is a rising demand among independent travelers for unique and immersive experiences, driving the market towards customizable yacht charters with luxury features like onboard spas, gourmet dining, and water sports facilities.
• Package Traveler : Package travelers opt for pre-arranged luxury yacht experiences in the US, including accommodations, dining, and activities provided by yacht charter companies. This segment seeks convenience, curated itineraries, and inclusive luxury amenities aboard the yacht. There is a trend towards all-inclusive packages offering seamless luxury experiences, appealing to travelers seeking hassle-free arrangements and access to premium destinations with tailored onboard services such as private chefs and concierge services.
• Tour Group : Tour groups in the US luxury yacht market consist of organized groups of travelers booking yacht charters collectively. These groups often include families, corporate retreats, or special interest groups seeking shared experiences and communal luxury aboard yachts. There is an increasing preference for bespoke group charters with specialized activities and events, such as themed cruises and corporate team-building retreats. Yacht charter companies are catering to this segment by offering tailored group packages and exclusive onboard entertainment options.

By Service Provider

• Direct Service Providers : Direct service providers in the US luxury yacht market include yacht manufacturers, brokers, and charter companies that directly engage with yacht owners and clients. They offer services such as yacht sales, custom builds, maintenance, crew hiring, and personalized charter experiences. Trends indicate an increasing demand for bespoke services, eco-friendly solutions, and enhanced customer experiences driven by technological advancements and personalized luxury offerings.
• Indirect Service Providers : Indirect service providers support the US luxury yacht market through ancillary services such as marina operators, yacht clubs, insurance providers, and legal services. These entities play crucial roles in facilitating yacht operations, ensuring compliance with regulations, and enhancing the overall yacht ownership and charter experience. Trends show a growing emphasis on sustainability initiatives, digital integration for improved customer service, and partnerships to enhance service offerings across the luxury yacht sector.

Report Scope

Competitive Landscape – US Luxury Yacht Market

The US Luxury Yacht Market is highly competitive, with a large number of manufacturers and retailers operating in the US. Some of the key players in the market include:

• Ferretti Group
• Azimut Yachts
• Sunseeker International
• Princess Yachts International
• Benetti Yachts
• Heesen Yachts
• Riva Yachts
• Hatteras Yachts
• Viking Yachts
• Marquis Yachts
• Pershing Yachts

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players like VanDutch and Wider Yachts have entered the luxury yacht market with innovative designs and technologies. VanDutch emphasizes sleek, performance-oriented yachts with a modern aesthetic, appealing to younger affluent buyers. Wider Yachts integrates hybrid propulsion and eco-friendly materials into its designs, targeting environmentally conscious consumers seeking sustainable luxury options.

Established leaders such as Ferretti Group, Azimut-Benetti, and Sunseeker dominate the US luxury yacht market through extensive product portfolios, global reach, and strong brand equity. They leverage decades of experience, craftsmanship, and technological innovation to offer diverse yacht models from motor yachts to mega yachts.

These key players maintain market dominance through continuous product innovation, strategic acquisitions, and a robust network of dealerships and service providers, ensuring comprehensive customer satisfaction and market leadership.

The US Luxury Yacht Market is segmented as follows:

By Yachts Type

• Motor Yachts
• Sailing Yachts
• Explorer Yachts
• Sports Yachts
• Independent Traveler
• Package Traveler

By Service Providers

• 1.1 Report Description and Scope
• 1.2 Research scope
• 1.3.1 Market Research Type
• 1.3.2 Market Research Methodology
• 2.1 US Luxury Yacht Market, (2024 – 2033) (USD Million)
• 2.2 US Luxury Yacht Market: snapshot
• 3.1 US Luxury Yacht Market: Market Dynamics
• 3.2.1 High Net Worth Individuals (HNWIs)
• 3.2.2 Technological Advancements
• 3.2.3 Rising Popularity of Yacht Chartering
• 3.2.4 Booming Coastal Real Estate Market
• 3.2.5 Expansion of Personalization and Customization
• 3.2.6 Integration of Sustainable Practices.
• 3.3 Market Restraints
• 3.4 Market Opportunities
• 3.5 Market Challenges
• 3.6 Porter’s Five Forces Analysis
• 3.7.1 Market Attractiveness Analysis By Yachts Type
• 3.7.2 Market Attractiveness Analysis By Visit Purpose
• 3.7.3 Market Attractiveness Analysis By Tour Type
• 3.7.4 Market Attractiveness Analysis By Service Providers
• 4.1.1 US Luxury Yacht Market: company market share, 2023
• 4.2.1 Acquisitions & mergers
• 4.2.2 New Product launches
• 4.2.3 Agreements, partnerships, collaboration, and joint ventures
• 4.2.4 Research and development and Regional expansion
• 4.3 Price trend analysis
• 5.1.1 US Luxury Yacht Market Share, By Yachts Type, 2023 and 2033
• 5.2.1 US Luxury Yacht Market by Motor Yachts, 2024 – 2033 (USD Million)
• 5.3.1 US Luxury Yacht Market by Sailing Yachts, 2024 – 2033 (USD Million)
• 5.4.1 US Luxury Yacht Market by Explorer Yachts, 2024 – 2033 (USD Million)
• 5.5.1 US Luxury Yacht Market by Sports Yachts, 2024 – 2033 (USD Million)
• 5.6.1 US Luxury Yacht Market by Others, 2024 – 2033 (USD Million)
• 6.1.1 US Luxury Yacht Market Share, By Visit Purpose, 2023 and 2033
• 6.2.1 US Luxury Yacht Market by Business, 2024 – 2033 (USD Million)
• 6.3.1 US Luxury Yacht Market by Personal, 2024 – 2033 (USD Million)
• 7.1.1 US Luxury Yacht Market Share, By Tour Type, 2023 and 2033
• 7.2.1 US Luxury Yacht Market by Independent Traveler, 2024 – 2033 (USD Million)
• 7.3.1 US Luxury Yacht Market by Package Traveler, 2024 – 2033 (USD Million)
• 7.4.1 US Luxury Yacht Market by Tour Group, 2024 – 2033 (USD Million)
• 8.1.1 US Luxury Yacht Market Share, By Service Providers, 2023 and 2033
• 8.2.1 US Luxury Yacht Market by Direct, 2024 – 2033 (USD Million)
• 8.3.1 US Luxury Yacht Market by Indirect, 2024 – 2033 (USD Million)
• 9.1 US Luxury Yacht Market Regional Overview
• 9.2 US Luxury Yacht Market Share, by Region, 2023 & 2033 (USD Million)
• 9.3.1.1 North America US Luxury Yacht Market, by Country, 2024 – 2033 (USD Million)
• 9.4.1 North America US Luxury Yacht Market, by Yachts Type, 2024 – 2033 (USD Million)
• 9.5.1 North America US Luxury Yacht Market, by Visit Purpose, 2024 – 2033 (USD Million)
• 9.6.1 North America US Luxury Yacht Market, by Tour Type, 2024 – 2033 (USD Million)
• 9.7.1 North America US Luxury Yacht Market, by Service Providers, 2024 – 2033 (USD Million)
• 9.8.1.1 Europe US Luxury Yacht Market, by Country, 2024 – 2033 (USD Million)
• 9.9.1 Europe US Luxury Yacht Market, by Yachts Type, 2024 – 2033 (USD Million)
• 9.10.1 Europe US Luxury Yacht Market, by Visit Purpose, 2024 – 2033 (USD Million)
• 9.11.1 Europe US Luxury Yacht Market, by Tour Type, 2024 – 2033 (USD Million)
• 9.12.1 Europe US Luxury Yacht Market, by Service Providers, 2024 – 2033 (USD Million)
• 9.13.1.1 Asia Pacific US Luxury Yacht Market, by Country, 2024 – 2033 (USD Million)
• 9.14.1 Asia Pacific US Luxury Yacht Market, by Yachts Type, 2024 – 2033 (USD Million)
• 9.15.1 Asia Pacific US Luxury Yacht Market, by Visit Purpose, 2024 – 2033 (USD Million)
• 9.16.1 Asia Pacific US Luxury Yacht Market, by Tour Type, 2024 – 2033 (USD Million)
• 9.17.1 Asia Pacific US Luxury Yacht Market, by Service Providers, 2024 – 2033 (USD Million)
• 9.18.1.1 Latin America US Luxury Yacht Market, by Country, 2024 – 2033 (USD Million)
• 9.19.1 Latin America US Luxury Yacht Market, by Yachts Type, 2024 – 2033 (USD Million)
• 9.20.1 Latin America US Luxury Yacht Market, by Visit Purpose, 2024 – 2033 (USD Million)
• 9.21.1 Latin America US Luxury Yacht Market, by Tour Type, 2024 – 2033 (USD Million)
• 9.22.1 Latin America US Luxury Yacht Market, by Service Providers, 2024 – 2033 (USD Million)
• 9.23.1.1 The Middle-East and Africa US Luxury Yacht Market, by Country, 2024 – 2033 (USD Million)
• 9.24.1 The Middle-East and Africa US Luxury Yacht Market, by Yachts Type, 2024 – 2033 (USD Million)
• 9.25.1 The Middle-East and Africa US Luxury Yacht Market, by Visit Purpose, 2024 – 2033 (USD Million)
• 9.26.1 The Middle-East and Africa US Luxury Yacht Market, by Tour Type, 2024 – 2033 (USD Million)
• 9.27.1 The Middle-East and Africa US Luxury Yacht Market, by Service Providers, 2024 – 2033 (USD Million)
• 10.1.1 Overview
• 10.1.2 Financials
• 10.1.3 Product Portfolio
• 10.1.4 Business Strategy
• 10.1.5 Recent Developments
• 10.2.1 Overview
• 10.2.2 Financials
• 10.2.3 Product Portfolio
• 10.2.4 Business Strategy
• 10.2.5 Recent Developments
• 10.3.1 Overview
• 10.3.2 Financials
• 10.3.3 Product Portfolio
• 10.3.4 Business Strategy
• 10.3.5 Recent Developments
• 10.4.1 Overview
• 10.4.2 Financials
• 10.4.3 Product Portfolio
• 10.4.4 Business Strategy
• 10.4.5 Recent Developments
• 10.5.1 Overview
• 10.5.2 Financials
• 10.5.3 Product Portfolio
• 10.5.4 Business Strategy
• 10.5.5 Recent Developments
• 10.6.1 Overview
• 10.6.2 Financials
• 10.6.3 Product Portfolio
• 10.6.4 Business Strategy
• 10.6.5 Recent Developments
• 10.7.1 Overview
• 10.7.2 Financials
• 10.7.3 Product Portfolio
• 10.7.4 Business Strategy
• 10.7.5 Recent Developments
• 10.8.1 Overview
• 10.8.2 Financials
• 10.8.3 Product Portfolio
• 10.8.4 Business Strategy
• 10.8.5 Recent Developments
• 10.9.1 Overview
• 10.9.2 Financials
• 10.9.3 Product Portfolio
• 10.9.4 Business Strategy
• 10.9.5 Recent Developments
• 10.10.1 Overview
• 10.10.2 Financials
• 10.10.3 Product Portfolio
• 10.10.4 Business Strategy
• 10.10.5 Recent Developments
• 10.11.1 Overview
• 10.11.2 Financials
• 10.11.3 Product Portfolio
• 10.11.4 Business Strategy
• 10.11.5 Recent Developments
• 10.12.1 Overview
• 10.12.2 Financials
• 10.12.3 Product Portfolio
• 10.12.4 Business Strategy
• 10.12.5 Recent Developments
• 10.13.1 Overview
• 10.13.2 Financials
• 10.13.3 Product Portfolio
• 10.13.4 Business Strategy
• 10.13.5 Recent Developments
• 10.14.1 Overview
• 10.14.2 Financials
• 10.14.3 Product Portfolio
• 10.14.4 Business Strategy
• 10.14.5 Recent Developments
• 10.15.1 Overview
• 10.15.2 Financials
• 10.15.3 Product Portfolio
• 10.15.4 Business Strategy
• 10.15.5 Recent Developments
• 10.16.1 Overview
• 10.16.2 Financials
• 10.16.3 Product Portfolio
• 10.16.4 Business Strategy
• 10.16.5 Recent Developments

List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

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Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them. Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Market Analysis Matrix

Prominent Player

1 . Which are the driving factors of the US Luxury Yacht Market?

The key factors driving the Market are High Net Worth Individuals (HNWIs), Technological Advancements, Rising Popularity of Yacht Chartering, Booming Coastal Real Estate Market, Expansion of Personalization and Customization, Integration of Sustainable Practices.

2 . Which type led the US Luxury Yacht market?

The “Motor Yachts” category dominated the market in 2023.

3 . Who are the key players in the US Luxury Yacht market?

The key players in the market are Ferretti Group, Azimut Yachts, Sunseeker International, Princess Yachts International, Benetti Yachts, Lürssen, Feadship, Heesen Yachts, Oceanco, Sanlorenzo, Riva Yachts, Hatteras Yachts, Viking Yachts, Marquis Yachts, Pershing Yachts, Others.

4 . What is the growth rate of the US Luxury Yacht market?

The market is projected to grow at a CAGR of 8.4% during the forecast period, 2024-2033.

5 . How much is the US Luxury Yacht market?

The US Luxury Yacht Market size was valued at USD 4,507.5 Million in 2024.

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Luxury Yacht Market Size, Share, Competitive Landscape and Trend Analysis Report, by Size, Type and Material : Global Opportunity Analysis and Industry Forecast, 2022-2031

CG : Luxury and high value products

Report Code: A04886

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The luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031.

Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feets and expanding to more than 250 feet. Luxury yachts are often available for chartered providing as well as private purpose to provide seamless luxury experience full of high standard and comfort. Traditionally manufactured using woods, fiber reinforced polymers and composites gain huge popularity in the last few years. Demand for luxury yachts have increased steadily in the last few years. This can be attributed to change in lifestyle of people fueled by growth in high net worth individuals, rise in inclination toward recreational and leisure activities, and surge in trend of yacht tourism.

The outbreak of COVID-19 pandemic has a negative impact over the aviation and shipping sectors. This is attributed to the speed through which the countries restricted travel activates, closed the borders, and observed a sharp drop in economic activity. There was a rising number of countries partially or completely closing their borders, along with a rising awareness regarding the traveling activates which can lead the traveler to catch or spread the virus via travelling

The 75-120 feet segment dominated the overall luxury yacht market share in 2017 and is expected to remain dominant during the forecast period. Improved design, style, comfort, livability, technological innovations, and performance drive the growth of the global market for 75-120 feet luxury yacht. Furthermore, excellent optimization of both interior and exterior spaces result in high consumer preference toward this segment.

Motor yacht is a broad term that encompasses a number of styles, including fly bridge, aft cabin, Sedan Bridge, large express-style, and yachts pilothouse. The motor yacht segment is expected to exhibit robust growth rate in the luxury yacht market during the forecast period. The growth of this segment is mainly attributed to more on board facilities, more room space and more opportunities for recreational activities.

The 120-250 feet segment dominates the Global Luxury Lacht Market and is expected to retain its dominance throughout the forecast period.

It is evident from reviewing recent technology advances that material development plays a key role in the production of yachts hull. Selection of material for yacht construction depends on different parameters such as strength to weight ratio, size, stiffness, and payload. Thus, material selection holds importance during yacht manufacturing. FRP materials offer tremendous potential for applications in a marine environment. Fiber reinforced plastic is the most preferred material by the yacht manufacturers owing to its numerous advantages. FRP is light weight, which enables increased speed, increased payload, and reduction of fuel consumption. Furthermore, FRP has low stiffness and high corrosion resistance thus providing necessary flexibility during yacht construction.

The report focuses on the growth prospects, restraints, and opportunities of the global luxury yacht market. The study provides Porters five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the luxury yacht market.

The Motorized Luxury Yacht segment dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Segment Review

The global luxury yacht market is segmented based on size, type, and material. Based on size, the luxury yacht market is segmented into 75-120 feet, 121-250 feet, and above 250 feet. Based on type, the market is divided into sailing luxury yacht, motorized luxury yacht, and others. Based on material, the market is analyzed across FRP/composites, metal/alloys, and others. Based on region, the market is studied across Americas, Europe, Asia-Pacific, and Middle East & Africa.

Some of the key players in the luxury yacht market are Alexander Marine Co Ltd, Damen Shipyards Group, AzimutBenettiS.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company.

The FRP& Composites segment dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Current and future luxury yacht industry trends are outlined to determine the overall attractiveness of the luxury yacht market. Top impacting factors highlight opportunities during the forecast period. Factors such as growth in high net worth individuals and yacht tourism drive the growth of the luxury yacht market. In addition, chartering of yachts is also one of the major factors that fuels the growth of the global luxury yacht market. However, stringent government regulations and environmental policies along with increase in maintenance and associated cost are some of the major factors that might hamper the growth of the luxury yacht market.

Italy is the leading producer of luxury yacht followed by UK, U.S., the Netherlands, Taiwan, and others. The Italian industry holds the overall global leadership position in the luxury yacht segment with total production amounting to more than 42% of the global production for 2020. In the last decade, because of reduced domestic demand, Italian shipbuilders focus on international and emerging markets where Italian brands are well received. Favorable government initiatives such as lower mooring and marine resort taxes, reform of the maritime code, and measures for easy leasing augment market expansion in the region. Furthermore, continuous focus on trade and internationalization through commercial strategies and strategic alliances by leading domestic manufacturers such as AzimutBenetti, Sanlorenzo and Ferretti have ensured Italy to remain hub for luxury yacht manufacturing in the region. On the other hand, Taiwan is emerging as promising region for yacht manufacturing in Asia Pacific region. With steady growth in revenue as well average yacht length Taiwan has gained attention from around the world for its cheap but high-quality luxury yachts.

The Europe region dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the Luxury Yacht market trends, estimations, and dynamics of the seeds market size from 2020 to 2030 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing Luxury Yacht market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the Luxury Yacht market.
• The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the Luxury Yacht industry.

  Luxury Yacht Market Report Highlights

Analyst Review

In accordance to several interviews conducted, the CXOs of the leading companies stated that luxury yacht market is expected to witness a significant growth in the future. In addition, global luxury yacht market is expected to remain influenced by eternal need for luxury. Moreover, rise in trend of remote exploration provides new growth avenues for luxury yachts. Furthermore, introduction of new materials such as structural glass have allowed yacht architectures to reach new levels of sophistication.

Growth in number of millionaires and swathes of millennial population have developed a voracious taste for luxury yachts in the past few years. Featuring helipads, swimming pools, saunas, hot tubs, and more, yachts are epitome of luxury. The new generation increasingly focuses on pursuing rare, tailored experiences over accumulating things. With on-board beach toys, such as motorboats & jet skis, top-deck Jacuzzi, lavish swimming pools, and private screening rooms, yachts represent pinnacle of luxurious life.

The luxury yacht market remained one of the few bright spots in an otherwise troubled global economy. With strong underlying drivers such as rise in ultra-net worth individuals, surge in inclination toward recreational & expeditions, and rise in trend of yacht tourism, the market is expected to witness significant growth during the forecast period. At the same time, the sector is facing challenges driven by high maintenance cost, stringent rules and regulations, and rapid technological innovation.

• Luxury Lifestyle
• Premium Brands
• Ultraluxury Brands
• Luxury Brands
• Premium Lifestyle

The luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031

The luxury yacht market CAGR of 8.0% from 2022 to 2031. Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feets and expanding to more than 250 feet.

Raise the query and paste the link of the specific report and our sales executive will revert you back with the sample.

The forecast period in the luxury yacht market report is from 2022 to 2031. Luxury yachts are often available for chartered providing as well as private purpose to provide seamless luxury experience full of high standard and comfort.

The top companies in the Luxury Yacht market are Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company.

The European region will dominate the market by the end of 2031. Current and future luxury yacht industry trends are outlined to determine the overall attractiveness of the luxury yacht market.

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Luxury Yacht Market

Global Opportunity Analysis and Industry Forecast, 2022-2031

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• Introspective Market Research | Global Market Research Reports
• Luxury Yacht Market- Global Size, Share & Industry Analysis 2032

Luxury Yacht Market by Type (Super Yacht, Fly Bridge Yacht, Sport Yacht, Long Range Yacht, Others), Application (Private use, Commercial use, Special use), Size (40-90 Feet, 90-250 Feet, Above 250 Feet), Propulsion (Motor Yacht, Gulet Yacht, Sailing Yacht) Region Global Market Analysis and Forecast, 2024-2032

• Report ID : 389
• Category : Automotive
• No Of Pages : 250
• Published on : April 2024
• Status : Published

• Table Of Content
• Table of Figures
• Segmentation
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Global Luxury Yacht Market Overview

The Luxury Yacht market estimated at USD 9.09 Billion in the year 2023, is projected to reach a revised size of USD 18.35 Billion by 2032, growing at a CAGR of 8.12% over the analysis period 2024-2032.

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

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)

Recent Industry Developments in Luxury Yacht Market

• In August 2023, Baglietto Shipyard proudly announced the acquisition of its ninth order in the Dom line, marking the sale of Dom133 hull no. 10256. Designed by Stefano Vafiadis and facilitated by broker Marios Iordanou of Blue Point Yachting in Cyprus, the vessel is slated for delivery in 2025. This sale follows the recent deliveries of MY Perla Bianca and Lee, continuing Baglietto's successful streak.
• In January 2023 , Princess Yachts introduced the Princess S72, expanding its S-Class range with a 23-meter vessel. The yacht boasts an opulent interior comprising a lavish saloon and four ensuite cabins. Outdoors, a generous space awaits with dining facilities, a wet bar, and ample sunbeds. The yacht's garage accommodates a 3.9m tender and two Seabobs, while a separate transom door leads to a twin-berth crew cabin.

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

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 2024-2032.

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

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

The Luxury Yacht Market Report is Segmented by Type (Sailing Luxury Yachts, Motorized Luxury Yachts, and Others), by Size (Up To 20 Meters, 20 To 50 Meters, and Above 50 Meters), by Application (Commercial and Private Use) and by Geography. The Report Offers Market Size and Forecasts for Luxury Yacht Market in USD Million for the Above Segments.

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Luxury Yacht Market Analysis

The Luxury Yacht Market size is estimated at USD 13.66 billion in 2024, and is expected to reach USD 21.20 billion by 2029, growing at a CAGR of 9.30% during the forecast period (2024-2029).

Factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of people, the emergence as a prominent destination for luxury yachts, and increasing tourist attractions and luxurious hotels are anticipated to drive the luxury yacht market. Moreover, technological advancements, innovative designs, and a commitment to environmental consciousness also drive the market.

With an increase in the income level of people living around the world, there is an increase in spending on recreational activities, which is driving the market.

For instance, the International Monetary Fund projects that China's economy will be nearly 40 percent larger by 2028. Similarly, in 2023, the recreation expenditure is expected to reach 552.8 billion in the United States. In addition, the natural landscape of countries that have a sea/ocean as a border, like the Netherlands, United Kingdom, and Italy, and increasing tourist attractions such as manmade islands skyscrapers in the United Arab Emirates attract a significant number of international tourists every year, especially from the affluent segment of the population. These countries are also preferred destinations for some promotional events and meetings, during which luxury yachts are leased. Therefore, the increase in recreational tourism is expected to positively influence the growth of the global luxury yacht market.

Furthermore, the luxury yacht market has entered the era of eco-consciousness. International Maritime Organization has directed international shipping to reduce CO2 emissions by 70% by 2050. As a result, builders and suppliers are working together to find sustainable solutions to reduce consumption at reasonable costs. Many high-net-worth and ultra-high-net-worth yacht owners are putting environmental impact first, spurring significant change in yacht building and innovation. This scenario has led to newer, lighter, and more fuel-efficient Yachts being developed and further deployed in the market.

Thus, the above factors, coupled with the deployment of new technologies in luxury yachts and high purchasing power, will drive market growth.

• Luxury Yacht Market Trends

Sailing Luxury Yacht to fuel Market Demand

• The target audience for the luxury yacht market is the ultra-rich individuals. The increasing number of high-net-worth individuals is expected to drive the market growth. According to Forbes, the United States recorded the highest number of billionaires at 735, followed by China (including Hong Kong and Macau)at 562. Moreover, the total number of billionaires has increased from 1665 in 2022 to 169 in 2023 in India. 
• According to the Bloomberg Billionaires Index, around 131 billionaires doubled their net worth during the pandemic. Additionally, the maximum number of ultra-high net worth individuals resided in the North American regions, and Europe is considered to be the fastest growing. Hence, with the global GDP on the rise and more billionaires stepping up, the luxury yacht market is expected to see a rise in the forecast period.
• Moreover, celebrities, CEOs, and business tycoons are the primary customers of the luxury yacht market; many of them are investing in luxury yachts for recreational use. For instance, in June 2023, Billionaire Eric Schmidt won the auction to buy a luxury Superyacht, which also contains a helipad valued at USD 68 million.
• The increase in the number of billionaires every year, coupled with an increase in wealth, which results in high purchasing power, will fuel the growth of the market.

Europe is Expected to be the Market Leader

• Europe is among the countries with one of the highest shares of billionaires globally and is considered to be the fastest growing in terms of billionaire's wealth. Scenic beauty countries like Greece and Italy are expected to be the market leader during the forecast period. A large number of tourists come to the region, and many parties are also organized on private yachts. Government initiatives to boost tourism in the region are the major factors for growth in the market.
• For instance, in December 2022, the European Union Council approved the European Agenda for Tourism 2030 to make European tourism more digital and greener. Sales of Yachts in 2021 were high, and a rise in demand made it hold a new record for yachts in 2022, as 606 yachts were introduced in the market. Moreover, countries such as Greece, Croatia, Spain, Italy, and France are top tourist destinations, with the rise in fishing activities and water sports being the major driving factors.
• Greece ranked 5th in the list of preferred European countries for the next trip among European travelers. There were approximately 30 million travelers visited Greece in 2022. However, in 2021, leisure travel generated the highest travel and tourism spending in Greece, accounting for 95 percent of the total expenditure. Furthermore companies are expanding their presence in the country to expand their market share. For instance, 
• In April 2023, Sea-Alliance, group announced the launched of it sister company in Greece. Through this expansion the company aims to cater the demand of the increasing demand of popular cruising destination in Greece. Sea-Alliance Group IKE is expected to provide yacht sales, yacht charter management, and yacht management. Furthermore, the company is also intends to use its marina management expertise to participate in upcoming public tenders in Greece.​
• Due to the rising trend of owing yachts among the ultra-rich, the European region is expected to witness significant growth in the forecast period.

Luxury Yacht Industry Overview

The Luxury Yacht market is fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Luxury Yacht market are Sinot Yacht, Feadship, Fr. Lürssen Werft GmbH & Co.KG, Fincantieri Yachts, and ISA Yachts. Many players are investing in new technologies to gain the upper hand over their competition and focusing on new launches. For instance,

• In December 2023, Italian shipyard Benetti has announced the launch of its latest 34.4-metre motor yacht from its shipyard in Viareggio, Known as White Rose, the 269GT. Powered by a pair of MTU engines, the yacht has a cruising speed of 14.5 knots, enabling a range of 1,500 nautical miles, and a top speed of 17 knots.
• In August 2023, Turkish builder Mazu Yacht launched the first unit in its 28.5-metre Mazu 92 DS series.

Luxury Yacht Market Leaders

Fr. Lürssen Werft GmbH & Co.KG

Sinot Yacht Architecture and Design

Fincantieri Yachts

*Disclaimer: Major Players sorted in no particular order

Luxury Yacht Market News

• October 2023: Four Seasons launched service to the ocean with the launch of Four Seasons Yachts, projected to sail in late 2025.
• January 2023: Accor announced the launch of the world's largest luxury sailing ship in 2026. The megayacht will have 54 suits.

Luxury Yacht 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

4.1.1 Surge in Trend of Yacht Tourism

4.2 Market Restraints

4.2.1 Higher Rentals During Peak Season

4.3 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 (Market Size in Value USD)

5.1.1 Sailing Luxury Yacht

5.1.2 Motorized Luxury Yacht

5.1.3 Other Types

5.2 By Size

5.2.1 Up to 20 Meters

5.2.2 20 to 50 Meters

5.2.3 Above 50 Meters

5.3 Application

5.3.1 Commercial

5.3.2 Private

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Rest of North America

5.4.2 Europe

5.4.2.1 Germny

5.4.2.2 Italy

5.4.2.3 United Kingdom

5.4.2.4 France

5.4.2.5 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 India

5.4.3.2 China

5.4.3.3 Japan

5.4.3.4 South Korea

5.4.3.5 Rest of Asia-Pacific

5.4.4 Rest of the World

5.4.4.1 South America

5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles*

6.2.1 Feadship

6.2.2 Fr. Lürssen Werft GmbH & Co.KG

6.2.3 ISA Yachts

6.2.4 Sinot Yacht Architecture and Design

6.2.5 Fincantieri Yachts

6.2.6 Oceanco Yacht

6.2.7 Nobiskurg

6.2.8 Sunseeker

6.2.9 Christensen

6.2.10 Amels

6.2.11 Royal Huisman

6.2.12 Nobiskrug Yacht GmBH

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

Luxury Yacht Industry Segmentation

A luxury yacht, often known as a superyacht or megayacht, is a big and opulent pleasure vessel used for recreation. These yachts are either rented or purchased by the ultra-rich or by a firm for its employees.

The luxury yacht market is segmented by type (sailing luxury yachts, motorized luxury yachts, and other types), by size (up to 20 meters, 20 to 50 meters, and above 50 meters), by application (commercial and private use), and by geography (North America, Europe, Asia-Pacific, and the Rest of the World). 

The report offers market size and forecasts for the luxury yacht market in value (USD) for the above segments.

Geography
		North America United States Canada Rest of North America Europe Germny Italy United Kingdom France Rest of Europe Asia-Pacific India China Japan South Korea Rest of Asia-Pacific Rest of the World South America Middle-East and Africa Luxury Yacht Market Research FAQs How big is the luxury yacht market. The Luxury Yacht Market size is expected to reach USD 13.66 billion in 2024 and grow at a CAGR of 9.30% to reach USD 21.20 billion by 2029. What is the current Luxury Yacht Market size? In 2024, the Luxury Yacht Market size is expected to reach USD 13.66 billion. Who are the key players in Luxury Yacht Market? Fr. Lürssen Werft GmbH & Co.KG, Sinot Yacht Architecture and Design, ISA Yachts, Fincantieri Yachts and Feadship are the major companies operating in the Luxury Yacht Market. Which is the fastest growing region in Luxury Yacht Market? Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Which region has the biggest share in Luxury Yacht Market? In 2024, the Europe accounts for the largest market share in Luxury Yacht Market. What years does this Luxury Yacht Market cover, and what was the market size in 2023? In 2023, the Luxury Yacht Market size was estimated at USD 12.39 billion. The report covers the Luxury Yacht Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Yacht Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. What are the key challenges for the Luxury Yacht Industry? Key Challenges in the Luxury Yacht Market are: a) High initial cost b) High maintenance expenses c) Fluctuating fuel prices, and d) Environmental concerns Our Best Selling Reports Adhesives and Sealants Market Artificial Intelligence and Robotics in Aerospace and Defense Market Autonomous Ships Market Booster Compressor Market Facial Recognition Market Recombinant Protein Market RFID Market Smart Airport Market Spain Electricity Market Surgical Mask and Respirators Market Luxury Yachts Industry Report The global luxury yacht market is on a significant upswing, fueled by the growing interest of ultra-high-net-worth individuals in luxury cruising and yacht tourism. With a focus on exclusivity, advanced features, and luxurious amenities, luxury yachts serve both private and commercial purposes. The market sees a rising demand for motor yachts for their speed and spaciousness, while sailing yachts attract attention for their eco-friendliness and cost-effectiveness. The shift towards electrification highlights the industry's commitment to zero-emission, high-efficiency vessels, catering to the eco-conscious consumer. Supported by an increasing number of yacht shows and events that showcase innovations and strengthen industry connections, Europe and the Asia Pacific region emerge as significant markets, the latter being the fastest-growing due to rising disposable incomes and leisure interest. Despite environmental concerns, the industry's dedication to sustainable practices and compliance is poised to drive continuous growth. Statistics for the luxury yacht market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luxury yacht analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download. Luxury Yacht Market Report Snapshots Luxury Yacht Market Share Luxury Yacht Companies Please enter a valid email id! Please enter a valid message! Luxury Yacht Market Get a free sample of this report Please enter your name Business Email Please enter a valid email Please enter your phone number Business Email * Company Name * Please enter a company name Get this Data in a Free Sample of the Luxury Yacht Market Report Please enter your requirement 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. 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. Luxury Yacht Market Luxury Yacht Market by Direct Suppliers, Indirect Suppliers, Number of Bookings, Type, Visit Purpose, Tour Type, Age, Demographic, Booking Channel & Region | Forecast 2023 to 2033 Market Insights on Luxury Yacht covering sales outlook, demand forecast and up-to-date key trends Report Preview Request Methodology Luxury Yacht Market Outlook (2023 to 2033) As per the latest findings of Future Market Insights, global luxury yacht market revenue is expected to be US$ 8,812.4 Million by the end of 2023. In the long-term, the luxury yacht market is estimated to reach at around US$ 19,924.7 Million in 2033. Attribute Details Estimated Luxury Yacht Market Size (2023) US$ 8,812.4 Million Projected Luxury Yacht Market Size (2033) US$ 19,924.7 Million Value-based CAGR (2023 to 2033) 9% Don't pay for what you don't need Customize your report by selecting specific countries or regions and save 30%! 2018 to 2022 Luxury Yacht Market Outlook Compared to 2023 to 2033 Forecast The word yacht is derived from the Dutch word ‘jacht’ meaning hunt. Luxury yachts are also known as “Floating Palaces or Floating Real Estates". They are the epitome of luxury spending. Luxury yachts are privately owned, professionally crewed and highly expensive motor yachts. The various stakeholders of the luxury yacht market are yacht manufacturers, brokerage firms and brokers, designers, harbor management services, equipment and accessory sectors, journalists and potential buyers. The luxury yacht market is both a B2B and B2C market as HNWI (high net worth individuals) and UHNWI (ultra-high net worth individuals) are the direct customers, also there are companies that buy luxury yachts for commercial purposes. Luxury yacht manufacturing companies are obsessively focused on quality because it is the prime differentiating factor between luxury yachts and non-luxury yachts. These companies manufacture luxury yachts using fast patrol vessels, frigates, and interceptors, which are used by world navies for high security. Growing awareness of environmental protection has led to the manufacture of solar luxury yachts. Types of Luxury Yachts Yachts belonging to this category have a length of over 50 meters and are considered to be the largest of their kind. Luxury Megayachts have all the facilities ranging from swimming pools, movie halls, cafeterias, banquet halls to even gyms and suite rooms. They are generally used for leisure and recreation for a large group of people and mostly owned by organizations. Super Yachts The average length of a superyacht ranges from 30-50 meters. Due to their smaller size in comparison to a mega yacht, a super yacht has lesser provisions but they are equally luxurious. By Propulsion: Luxury Motor Yachts Motor yachts constitute the widest category of luxury yachts having a motor attached to them. With multi, decks, large interiors and spacious rooms for comfort, these yachts are the perfect choice for a large group of people. Luxury Sailing Yachts These kinds of yachts are driven by sail instead of motor. Pleasure boats, also known as yachts, come in various forms and sizes of sails. These vessels can be single sail-single mast), double sail-single mast or multiple sails-multiple masts. Principal Consultant Talk to Analyst Find your sweet spots for generating winning opportunities in this market. What are the Key Drivers of the Luxury Yacht Market? Growth in Nautical Tourism is fueling the growth of this market Yachting along coastal locations is slowly becoming popular across various countries. Formulation of favorable policies has been effective in promoting coastal and marine tourism which has consequently led to a boost in yachting tourism as well. Adoption of private boats for leisure, client meetings and large scale parties has become quite prevalent. In order to explore new locations with a smaller crowd, regions such as Asia Pacific, Antarctica and Middle East are being preferred for yachting. Another reason for growth of luxury yachting tourism has been the availability of renting of charter boats. Rentals for yachts are available on weekly basis which further increases the accessibility of luxury yachting. The number of ultra-wealthy households are projected to increase In the coming years, the number of ultra-wealthy households having assets worth $100 million or more is projected to increase by 70% in the next five years. Shipyards have therefore started to invest in new facilities and technologies to meet the expected demand which will eventually lead to growth in the market for Luxury Yachts Green Yachting is becoming popular amongst an environmentally conscious generation The new generation millennials, belonging to 35-45 year age bracket, have become highly environmentally conscious. This is extremely important to factor in since up to 40% of the yacht buyers are now millennials. Therefore, the sector is slowly switching to green yachting by adopting a more eco friendly approach. By 2050, the International Maritime Organization has instructed the maritime industry to reduce greenhouse gas emissions by 50 percent from 2008 levels by the year 2050 and to reduce carbon footprints of their boats. Electric yachts are also becoming quite popular What are the Key Factors Affecting Luxury Yacht Market Adversely? Luxury Yacht Market is still Nascent in few regions Talking about the emerging markets for luxury yachting like India, there is a lack of infrastructure even though there is a proven interest in boating. Owning a yacht in a nascent country can be a long and expensive process due to the heavy import tax. Another factor is the absence of cruising locations which is why people are not able to make the most out of owning a yacht in such markets. However, with increased government participation to create yacht facilities and to invest in the yachting, the future looks bright and full of potential. Get the data you need at a Fraction of the cost Personalize your report by choosing insights you need and save 40%! Region Wise Insights Europe dominates the market for Luxury Yachts followed by the North America region. With vast coastlines and a significant percentage of boating charter taking place in Mediterranean Sea, Europe has become a favorable nautical tourism hotspot. European countries such has Greece and Croatia have been witnessing a surge in tourists wanting to explore water adventures thus driving the growth of Global Luxury Yachts market Analysis shows that the Asia Pacific region will become the fastest growing market for luxury yachts owing to an increase in number of ultra-wealthy households and fast pace growth of the developing economies. Category-Wise Insights Which age group prefers luxury yachts the most. Millennials are the major drivers of Luxury Yacht demand Generational trends are a powerful driver. Millennials prefer enjoying the yachting experience a lot differently from the generation X by emphasising more on everything that their self-owned vessels can do instead of being crazy about merely possessing it. They want to create unique experiences for themselves and their family. In the process, millennials have emerged as the major drivers of the Luxury Yacht demand and have slowly redefined the entire yachting industry. Which Tour Type will have the Maximum Number of Travelers During Forecasted Period? There will be a surge in the number of independent travellers Rapid technological advancements in the last few years have made a large number of people quite comfortable with emerging technologies and they are now well equipped to adapt to change. Consequently, this has led to an increase in the number of independent travelers and is forecasted to only increase further. Which Booking Channel do Tourists in the Market Place Prefer? Online Booking Channels Lead the Booking Channel Segmentation It usually takes a lot of time and effort to research and make a decision before purchasing something as luxurious as a yacht. However, the existence of online booking channels has unquestionably both sped up the procedure as well as offered clients access to more choices. People who make their bookings online prefer to compare prices, features, types and various other parameters among all available options to make the best possible choice. Competitive Landscape Key Players in the global luxury yacht market are Ferretti Group, Lurssen, Feadship, Princess Yachts, Sunseeker and all these companies dominate the market with a combined market share of about 60%. Additionally, the semi-custom luxury yacht market has seen a surge in demand in recent years which might be due to these categories of yachts offering a good balance of customization and off-the-shelf predictability and simplicity. Scope of Report Attribute Details Forecast Period 2023 to 2033 Historical Data Available for 2018 to 2022 Market Analysis USD Million for Value Key Regions Covered North America; Latin America; Asia Pacific; MEA; Europe Key Countries Covered United Kingdom, United States of America, India, Greece, Italy, Germany Key Segments Covered By Direct Suppliers, By Indirect Suppliers, By Number of Bookings, Type, Visit Purpose, Tour Type, Age group, Demographic Report Coverage Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives, Spending, Customization & Pricing Available upon Request Luxury Yatch Market by Category By direct suppliers:. Hotel Companies Tour Operators Government Bodies By Indirect Suppliers: OTA (Online Travel Agency) Traditional Travel Agencies TMC's (Travel Management Companies) By Number of Bookings: Motor Yacht Sailing Yacht Others (Sports Yacht, Hybrid Yacht) By Visit Purpose: By tour type:. Independent Traveler Package Traveler By Demographic: By booking channel:. Phone Booking Online Booking In Person Booking Frequently Asked Questions How big is the luxury yacht market. The luxury yacht market size is valued at US$ 8,812.4 million in 2023. What is the growth forecast for the luxury yacht market? The luxury yacht market is projected to thrive at a 9% CAGR through 2033. How big will be the luxury yacht market by 2033? The luxury yacht market is predicted to surpass US$ 19,924.7 million by 2033. Which booking channel is highly preferred in the luxury yacht market? The online booking channel segment is likely to lead the luxury yacht market. Which region dominates the luxury yacht market? Europe dominates the global luxury yacht market. Table of Content Explore Travel and Tourism Insights - Get Free Brochure - Your personal details are safe with us. Privacy Policy* - Get a Free Sample - - Request Methodology - - Customize Now - I need Country Specific Scope ( -30% ) - Talk To Analyst - I am searching for Specific Info. - Download Report Brochure - You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too. Transportation & Logistics Luxury Yacht Market "Market Intelligence for High-Geared Performance" Luxury Yacht Market Size, Share & Industry Analysis, By Type (Motor Yachts and Sailing Yachts), By Size (Upto 50 Meters, 50 to 100 Meters, and More than 100 Meters), By Application (Personal use and Commercial use), and Regional Forecast, 2024-2032 Last Updated: August 19, 2024 | Format: PDF | Report ID: FBI105396 Segmentation Methodology Infographics Request Sample PDF KEY MARKET INSIGHTS The global luxury yacht market size was valued at USD 7.67 billion in 2023. The market is projected to grow from USD 8.75 billion in 2024 to USD 17.33 billion by 2032, exhibiting a CAGR of 8.9% 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. The luxury yacht market faced significant challenges during the COVID-19 pandemic, with travel restrictions and border closures leading to declining sales and demand. Many potential buyers postponed or canceled purchases due to uncertainty. However, as vaccination rates increased and travel restrictions eased, the demand for luxury yachts surged. Affluent individuals sought seclusion and social distancing, driving private yachting demand. There was a shift in travel preferences toward remote destinations, leading buyers to customize yachts with personalized amenities and eco-friendly features. Despite initial setbacks, the luxury yacht market demonstrated resilience and adaptability. Manufacturers and brokers adjusted policies to meet changing customer demands, leading to a positive outlook for the market's recovery. Luxury Yacht Market Trends 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 with a high-capacity 100 kWh lithium-ion battery , the latest-generation permanently excited synchronous electric motor (PSM), and state-of-the-art power electronics. Request a Free sample to learn more about this report. Luxury Yacht Market Growth Factors Increasing Number of UHNWIs to Surge Product Demand The luxury yacht market is experiencing a significant surge in demand, primarily driven by the increasing number of global Ultra-high Net Worth Individuals (UHNWIs). Recent statistics reveal a notable rise in the proportion of UHNWIs, with the superyacht industry benefiting immensely from this trend. Leading yacht brokerage firms report record sales at top shipyards, with backlogs growing steadily. Additionally, there has been a remarkable increase in first-time charters, accounting for approximately 40% of the luxury charter market in 2021, according to insights from industry experts. The growing wealth accumulation among billionaires and the super-rich fuels the demand for luxury yachts as affluent individuals seek extravagant investments that align with their lavish lifestyles. This trend is evident across various regions globally, with a particular emphasis on catering to the preferences and desires of ultra-rich clientele. Furthermore, the steady rise in UHNWIs globally is expected to sustain the momentum in the luxury yacht market. Notably, regions, such as Asia Pacific, are anticipated to emerge as significant growth drivers for the luxury yacht market, owing to the rising affluence and luxury consumption trends in these regions. Overall, the increasing number of UHNWIs is a key factor propelling the growth of the luxury yacht market, shaping the industry landscape, and driving innovation in yacht design and customization to meet the evolving demands of ultra-rich clientele. The growing desire among ultra-rich individuals to make extravagant investments that align with their affluent lifestyle further propels the demand for luxury yachts globally. This trend is underscored by the steady increase in wealthy individuals globally, particularly in regions, such as Asia Pacific, Europe, and other Middle Eastern countries. Thus driving the luxury yacht market growth. 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. Luxury Yacht Market Segmentation Analysis By type analysis. 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. Many manufacturers are developing new designs in this category. For instance, In January 2024, Tyde, the German luxury yacht manufacturer, collaborated with BMW to launch its second model, The Open. It is a 15-metre-long, fully-electric luxury day yacht. 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. To know how our report can help streamline your business, Speak to Analyst 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 a growing population of high net worth individuals have increased 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 growth of the commercial use segment. REGIONAL INSIGHTS Regionally, the market is analyzed across North America, Europe, Asia Pacific, and Rest of the World. Europe Luxury Yacht Market Size, 2023 (USD Billion) To get more information on the regional analysis of this market, Request a Free sample 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 insurance 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. List of Key Companies in Luxury Yacht Market 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 a 526,000 sq.m. 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 shipyards 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: January 2024: Mayla Hamburg, a Germany-based manufacturer, is a new entrant into the luxury yacht market. It has announced the unveiling of a magnificent new water vessel. The 'GT' is a luxury yacht that can be powered by diesel and gas, as well as hybrid and electric. This particular yacht boasts a hull that is made entirely out of carbon prepreg materials weighing as low as 3.8 tons. This combination of top-notch powertrain options and low weight makes its speed between 50 and 100 knots. The yacht's luxury amenities include a sundeck, BBQ, high-end audio system, sofa lounge and more. November 2023: Gulf Craft announced the exploration of hydrogen technology for its superyacht fleet. Gulf Craft partnered with H2-Enterprises to explore & develop a zero-emissions Majesty yacht, which could be powered by an innovative LOHC (Liquid Organic, Hydrogen Carrier) energy system. H2-Enterprises has been working on this technology for the last 13 years and has now reached the stage of development to power a superyacht. 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. REPORT COVERAGE 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. An Infographic Representation of Luxury Yacht Market To get information on various segments, share your queries with us Report Scope & Segmentation 2019-2032 2023 2024 2024-2032 2019-2022 CAGR of 8.9% from 2024-2032 Value (USD Billion) Frequently Asked Questions Fortune Business Insights says that the global market was valued at USD 7.67 billion in 2023. The global market is projected to grow to USD 17.33 billion by 2032. The market is expected to register a CAGR of 8.9% during the forecast period of 2024-2032. Increasing number of UHNWIs across the globe is expected to surge the market growth. Europe led the global market in 2023. STUDY PERIOD: 2019-2032 BASE YEAR: 2023 HISTORICAL DATA: 2019-2022 NO OF PAGES: 200 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 Related Reports Yacht Charter Market Leisure Boat Market “We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.” “Thanks a million. The report looks great!” “Thanks for the excellent report and the insights regarding the lactose market.” “I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.” “This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. 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I appreciate the timeliness and responsiveness of you and your team.” +1 424 253 0390 (US) +44 2071 939123 (UK) +91 744 740 1245 (APAC) [email protected] Request Sample The global luxury yacht market size is projected to grow from $8.75 billion in 2024 to $17.33 billion by 2032, at a CAGR of 8.9% during the forecast period Read More at:- 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 Conservation and Philanthropy 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 BOATPro Home Superyacht Insight Global Order Book Premium Content Product Features Testimonials Pricing Plan Tenders & Equipment Market Intelligence Market Intelligence is your definitive source of superyacht data, giving you the most up-to-date information on the global superyacht industry. Get the story first with our brokerage news , see fresh insight with our market reports and stay on top of the luxury yachting industry with our data that includes the latest superyachts sold , luxury yachts delivered , megayachts under construction , new superyachts launched and most recent yacht name changes . Up-to-date superyacht industry data Global order books, latest brokerage news, from our partners, sponsored listings. [email protected] Construction Machinery & Heavy Trucks Luxury Yacht Market by Type, Application and Geography - Forecast and Analysis 2023-2027 Published: Nov 2022 SKU: IRTNTR40515 Enjoy complimentary customisation on priority with our Enterprise License! Luxury Yacht Market Forecast 2023-2027 The luxury yacht market is estimated to grow by 366 thousand units  at a CAGR of 11.26% between 2022 and 2027. The increase in recreational tourism is driving demand for luxury travel experiences and accommodations. Digital marketing and increasing social media use are enabling luxury brands to reach a wider audience and engage with consumers in new ways. The increase in the high net worth individual (HNWI) population is leading to higher spending on luxury goods and services. Overall, these factors are contributing to the growth of the luxury market. Tourism holds pivotal importance as a global economic activity, contributing substantially to the economic development, employment generation, and social progress of numerous nations. Its impact reverberates significantly in the market, particularly through various avenues such as commercial yacht operators, fleet operators, yacht brokers and brands, yacht ownership and prices, yacht auctions, and rentals. What will be the size of the Luxury Yacht Market During the Forecast Period? To learn more about this report, Download Report Sample Market Segmentation This report extensively covers market segmentation by type (sail yachts and motor yachts), application (commercial and private), and geography (Europe, APAC, North America, 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. The market share growth by the sail yachts segment will be significant during the forecast period. Luxury sail yachts are 80' or longer (up to 230' long). Though they have auxiliary engine power, they use sails as the primary means of propulsion. Factors such as the absence of a large engine, increased automation employed in production, and the introduction of fiberglass hulls, keep the prices of luxury sail yachts lower than luxury motor yachts. Get a glance at the market contribution of various segments Request a PDF Sample The sail yachts segment  showed a gradual increase in the market share of 195 thousand units  in 2017 .  Luxury sail yachts feature all possible modern conveniences, such as ACs, television, navigation aids, radar, echo-sounding, autopilot, computer-controlled electric winches for controlling the sails, and a reliable power-generating system. These are exclusively used for leisure purposes. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment, along with their reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of the Market by residential consumers, which is driven by an increase in global demand. For more insights on the market share of various regions Request PDF Sample now! Europe  is projected to contribute 31% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe has been the dominant region for luxury goods, with an estimated share of over 40% of the global luxury goods market. The region also continues to dominate the global market in terms of luxury goods manufacturing, with France and Italy as the key production powerhouses and Portugal as an upcoming manufacturing hub for luxury goods. In the case of the market, Europe has one of the largest and most attractive ports. Market Dynamics and Customer Landscape The market offers exquisite yacht interiors, amenities, and features that define a lavish yacht lifestyle. From exclusive yacht clubs to extravagant yacht parties and events, these vessels cater to the elite seeking premium experiences. Yacht brokers assist in the acquisition of top luxury yacht brands , and services such as yacht rentals, insurance, maintenance, and refurbishment ensure the continued opulence of these vessels. Yacht customization allows owners to personalize their yachts, while a range of yacht accessories and advanced yacht navigation systems enhance the onboard experience. 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 Market Driver The increase in recreational tourism is the key factor driving the market growth. Tourism is a crucial economic activity globally, contributing significantly to the economic growth, job creation, and social advancement of many nations. It also has a notable impact on the market, particularly through commercial yacht operators and fleet operators, as well as yacht brokers , luxury yacht brands, yacht ownership, luxury yacht prices , yacht auctions, and luxury yacht rentals . Countries like Greece, Spain, France, and Italy, with their picturesque landscapes, are popular destinations for tourists, particularly the affluent segment. These countries also attract business events and meetings, where luxury yachts are chartered from fleet operators. Europe stands out as a major hub for yachting, with the Port of Rotterdam in the Netherlands serving as Europe's largest yacht port, hosting around 77 luxury yachts for high-end tourism. The growth in tourism and recreational activities is expected to be a significant driver for the market in the coming years. Major Market Trend The use of advanced materials will fuel the market growth. Most traditional yachts are built using either steel or aluminum, which makes the yachts heavy and reduces their fuel economy. Although steel and aluminum are less expensive than alternative materials, such as glass fiber reinforced materials or pure carbon fiber, yacht makers realize the overall benefits of using carbon fiber in the construction of the boat. Carbon fiber extensively reduces the yacht's weight, which makes the yacht fast and fuel-efficient. This cost-saving from improved fuel economy offsets the additional manufacturing cost incurred by using carbon fiber. Also, carbon fiber provides additional strength and durability to the boat's dynamics, which enables it to withstand harsh conditions in the seas. Carbon-fiber-based composite is a heavy-duty, military-grade, lightweight material . Due to this, it is a widely used material in yacht manufacturing. The carbon-fiber-based boat draws about 7.7' water as compared to aluminum-based boats that draw about 9'-10' water, which means this boat can easily sail in deep or shallow waters. So growing use of advanced materials in yacht making is fueling the market in focus during the forecast period. Significant  Market Challenge The high cost of operations is a major challenge to global market growth. Motor types have every modern convenience installed onboard, such as ACs, television, navigation aids, radar, echo-sounding, and autopilot. To power all these amenities, luxury yachts require a reliable power-generating system. Thus, these yachts use gasoline or diesel-powered internal combustion engine ICEs to sail along with powering these modern conveniences and charging onboard batteries. As these yachts need to run at speeds up to 70 knots, the ICEs that are needed to power the amenities and run the yachts are huge and have high fuel requirements. However, any potential customer can avail of the booking facility through a third-party broker instead of the central agent, where both brokers share commissions. In one way, such arrangements allow potential clients to avail or access a wide range of information on fleet booking and thereby select a suitable booking option based on their comfort. However, due to the involvement of multiple participants, both the operational cost and complexities in availing services augment further. Thus, the high cost of operations hinders the market growth during the forecast period. Key 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. Global Market Customer Landscape Who are the Major Luxury Yacht Market Companies? Companies 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. oceanalexander.com -  The company offers luxury yachts such as Divergence, Revolution, and Explorer. Also, the company offers a yacht series designed by Evan Marshall and Arrabito Naval Architects, which offers unwavering safety, luxurious spaces, and sleek design. The report also includes detailed analyses of the competitive landscape of the market and information about 120 market companies, including: Alexander Marine International Azimut Benetti SpA Christensen Shipyards LLC Damen Shipyards Group Feadship Holland BV FERRETTI SpA Fincantieri Spa Fr. Lurssen Werft GmbH Gruppo Fipa Srl Heesen Yachts Sales BV Horizon Yacht USA Nobiskrug Yachts GmbH Overmarine Group Spa Palmer Johnson Palumbo Group Spa Perini Navi Spa Sanlorenzo Spa Viking Yacht Co. Westport Yachts Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak. You may be interested in the regional reports: Europe Luxury Yacht market  - The market witnessed sales of 412 luxury yachts in 2014, and the European market emerging as its largest contributor with revenues close to USD 2 billion.  Segment Overview The 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. The market has been segmented by Type (Sail yachts and Motor yachts), Application (Commercial and Private), and Geography (Europe, APAC, North America, South America, and Middle East and Africa). Sail yachts Motor yachts Rest of Europe Saudi Arabia South Africa Rest of the Middle East & Africa Market Analyst Overview The market encompasses a range of high-end offerings, from superyachts to mega yachts. Buyers can choose between luxury yacht sales or opt for luxury boat rentals and luxury yacht charters for more temporary enjoyment. These vessels often boast luxury yacht amenities and luxury yacht features designed to provide a lavish Luxury yacht lifestyle. The market is supported by luxury yacht builders who specialize in luxury yacht design and construction. Despite its exclusivity, the market faces luxury yacht market challenges such as yacht maintenance and yacht refurbishment. However, with the right yacht insurance and yacht technology, the luxury yacht market continues to grow, offering unique yacht events and luxury yacht vacations to affluent consumers. The market is a dynamic sector that continues to evolve with new yacht propulsion technologies and innovative yacht construction techniques. Luxury yacht market analysis reveals trends indicating steady Luxury yacht market growth and a positive Luxury yacht market outlook . The market is driven by various Luxury yacht market dynamics, including consumer demand for unique experiences and the allure of luxury lifestyles. As the market expands, luxury yacht market segmentation becomes more refined, catering to niche markets. This competitiveness drives luxury yacht market competition, prompting companies to seek new luxury yacht market opportunities and luxury yacht market trends for growth and differentiation. The market is driven by a passion for recreational and leisure activities and the desire for livability on the seas. These yachts, often made from fiber reinforced polymers or metal/alloys, boast impressive lengths and innovative technological innovations to enhance the onboard experience. They offer a luxurious lifestyle, attracting buyers from the affluent segments of society. Key considerations for buyers include fuel consumption , s tiffness, and corrosion resistance. Despite the allure of these vessels, the market faces challenges from the threat of substitutes and the threat of new entrants, alongside the bargaining power of buyers seeking the ultimate sailing luxury yacht experience. Report Coverage Details Page number 154 Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 11.26% Market growth 2023-2027 366 thousand units Market structure Fragmented YoY growth (%) 10.98 Regional analysis Europe, APAC, North America, South America, and Middle East and Africa Performing market contribution Europe at 31% Key countries US, China, Japan, UK, and Germany Competitive landscape Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks Key companies profiled Alexander Marine International, Azimut Benetti SpA, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, FERRETTI SpA, Fincantieri Spa, Fr. Lurssen Werft GmbH, Gruppo Fipa Srl, Heesen Yachts Sales BV, Horizon Yacht USA, Nobiskrug Yachts GmbH, Oceanco SAM, Overmarine Group Spa, Palmer Johnson, Palumbo Group Spa, Perini Navi Spa, Sanlorenzo Spa, Viking Yacht Co., and Westport Yachts Market dynamics Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. Customization purview If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Request PDF sample What are the Key Data Covered in this Market Research Report? CAGR of the market during the forecast period Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027 Precise estimation of the size of the market size and its contribution to the parent market Accurate predictions about upcoming market trends and analysis and changes in consumer behavior Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa Thorough market growth analysis of the market’s competitive landscape and detailed information about companies Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies We can help! Our analysts can customize this report to meet your requirements. Get in touch 1 Executive Summary Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Type Exhibit 06: Executive Summary – Chart on Market Segmentation by Application Exhibit 07: Executive Summary – Chart on Incremental Growth Exhibit 08: Executive Summary – Data Table on Incremental Growth Exhibit 09: Executive Summary – Chart on Vendor Market Positioning 2 Market Landscape Exhibit 10: Parent market Exhibit 11: Market Characteristics 3 Market Sizing Exhibit 12: Offerings of vendors included in the market definition Exhibit 13: Market segments 3.3 Market size 2022 Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units) Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global luxury yacht market 2017 - 2021 (thousand units) Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 (thousand units) Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (thousand units) Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 (thousand units) Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units) 5 Five Forces Analysis Exhibit 23: Five forces analysis - Comparison between 2022 and 2027 Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027 Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027 Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027 Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027 Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027 Exhibit 29: Chart on Market condition - Five forces 2022 and 2027 6 Market Segmentation by Type Exhibit 30: Chart on Type - Market share 2022-2027 (%) Exhibit 31: Data Table on Type - Market share 2022-2027 (%) Exhibit 32: Chart on Comparison by Type Exhibit 33: Data Table on Comparison by Type Exhibit 34: Chart on Sail yachts - Market size and forecast 2022-2027 (thousand units) Exhibit 35: Data Table on Sail yachts - Market size and forecast 2022-2027 (thousand units) Exhibit 36: Chart on Sail yachts - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Sail yachts - Year-over-year growth 2022-2027 (%) Exhibit 38: Chart on Motor yachts - Market size and forecast 2022-2027 (thousand units) Exhibit 39: Data Table on Motor yachts - Market size and forecast 2022-2027 (thousand units) Exhibit 40: Chart on Motor yachts - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Motor yachts - Year-over-year growth 2022-2027 (%) Exhibit 42: Market opportunity by Type (thousand units) 7 Market Segmentation by Application Exhibit 43: Chart on Application - Market share 2022-2027 (%) Exhibit 44: Data Table on Application - Market share 2022-2027 (%) Exhibit 45: Chart on Comparison by Application Exhibit 46: Data Table on Comparison by Application Exhibit 47: Chart on Commercial - Market size and forecast 2022-2027 (thousand units) Exhibit 48: Data Table on Commercial - Market size and forecast 2022-2027 (thousand units) Exhibit 49: Chart on Commercial - Year-over-year growth 2022-2027 (%) Exhibit 50: Data Table on Commercial - Year-over-year growth 2022-2027 (%) Exhibit 51: Chart on Private - Market size and forecast 2022-2027 (thousand units) Exhibit 52: Data Table on Private - Market size and forecast 2022-2027 (thousand units) Exhibit 53: Chart on Private - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Private - Year-over-year growth 2022-2027 (%) Exhibit 55: Market opportunity by Application (thousand units) 8 Customer Landscape Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria 9 Geographic Landscape Exhibit 57: Chart on Market share by geography 2022-2027 (%) Exhibit 58: Data Table on Market share by geography 2022-2027 (%) Exhibit 59: Chart on Geographic comparison Exhibit 60: Data Table on Geographic comparison Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 (thousand units) Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 (thousand units) Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%) Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units) Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units) Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%) Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (thousand units) Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (thousand units) Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%) Exhibit 73: Chart on South America - Market size and forecast 2022-2027 (thousand units) Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 (thousand units) Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%) Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units) Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units) Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 81: Chart on US - Market size and forecast 2022-2027 (thousand units) Exhibit 82: Data Table on US - Market size and forecast 2022-2027 (thousand units) Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%) Exhibit 85: Chart on UK - Market size and forecast 2022-2027 (thousand units) Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 (thousand units) Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%) Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 (thousand units) Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 (thousand units) Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%) Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand units) Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand units) Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%) Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 (thousand units) Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 (thousand units) Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%) Exhibit 101: Market opportunity by geography (thousand units) 10 Drivers, Challenges, and Trends 10.1 Market drivers 10.2 Market challenges Exhibit 102: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11 Vendor Landscape 11.1 Overview Exhibit 103: Overview on Criticality of inputs and Factors of differentiation Exhibit 104: Overview on factors of disruption Exhibit 105: Impact of key risks on business 12 Vendor Analysis Exhibit 106: Vendors covered Exhibit 107: Matrix on vendor position and classification Exhibit 108: Alexander Marine International - Overview Exhibit 109: Alexander Marine International - Product / Service Exhibit 110: Alexander Marine International - Key offerings Exhibit 111: Azimut Benetti SpA - Overview Exhibit 112: Azimut Benetti SpA - Product / Service Exhibit 113: Azimut Benetti SpA - Key offerings Exhibit 114: Christensen Shipyards LLC - Overview Exhibit 115: Christensen Shipyards LLC - Product / Service Exhibit 116: Christensen Shipyards LLC - Key offerings Exhibit 117: Damen Shipyards Group - Overview Exhibit 118: Damen Shipyards Group - Product / Service Exhibit 119: Damen Shipyards Group - Key news Exhibit 120: Damen Shipyards Group - Key offerings Exhibit 121: Feadship Holland BV - Overview Exhibit 122: Feadship Holland BV - Product / Service Exhibit 123: Feadship Holland BV - Key offerings Exhibit 124: FERRETTI SpA - Overview Exhibit 125: FERRETTI SpA - Product / Service Exhibit 126: FERRETTI SpA - Key offerings Exhibit 127: Fr. Lurssen Werft GmbH - Overview Exhibit 128: Fr. Lurssen Werft GmbH - Product / Service Exhibit 129: Fr. Lurssen Werft GmbH - Key offerings Exhibit 130: Heesen Yachts Sales BV - Overview Exhibit 131: Heesen Yachts Sales BV - Product / Service Exhibit 132: Heesen Yachts Sales BV - Key news Exhibit 133: Heesen Yachts Sales BV - Key offerings Exhibit 134: Horizon Yacht USA - Overview Exhibit 135: Horizon Yacht USA - Product / Service Exhibit 136: Horizon Yacht USA - Key offerings Exhibit 137: Oceanco SAM - Overview Exhibit 138: Oceanco SAM - Product / Service Exhibit 139: Oceanco SAM - Key offerings Exhibit 140: Overmarine Group Spa - Overview Exhibit 141: Overmarine Group Spa - Product / Service Exhibit 142: Overmarine Group Spa - Key offerings Exhibit 143: Palmer Johnson - Overview Exhibit 144: Palmer Johnson - Product / Service Exhibit 145: Palmer Johnson - Key offerings Exhibit 146: Palumbo Group Spa - Overview Exhibit 147: Palumbo Group Spa - Product / Service Exhibit 148: Palumbo Group Spa - Key offerings Exhibit 149: Viking Yacht Co. - Overview Exhibit 150: Viking Yacht Co. - Product / Service Exhibit 151: Viking Yacht Co. - Key offerings Exhibit 152: Westport Yachts - Overview Exhibit 153: Westport Yachts - Product / Service Exhibit 154: Westport Yachts - Key offerings 13 Appendix 13.1 Scope of the report Exhibit 155: Inclusions checklist Exhibit 156: Exclusions checklist Exhibit 157: Currency conversion rates for US$ Exhibit 158: Research methodology Exhibit 159: Validation techniques employed for market sizing Exhibit 160: Information sources Exhibit 161: List of abbreviations Frequently Asked Questions? 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Transportation & Logistics › Water Transport Luxury yacht market size worldwide 2019-2030 Size of the global luxury yacht market in 2019 and 2020, with a forecast for 2021 through 2030 (in billion u.s. dollars). Characteristic Market size in billion U.S. dollars 2030* 14.58 2029* 13.91 2028* 13.25 2027* 12.58 2026* 11.91 2025* 11.25 2024* 10.58 2023* 9.91 2022* 9.25 2021* 8.58 2020 5.91 2019 6.58 Additional Information Show sources information Show publisher information Use Ask Statista Research Service Next Move Strategy Consulting 2019 and 2020 Other statistics on the topic Fashion & Accessories Most valuable global luxury brands 2024 Total revenue of the LVMH Group worldwide 2008-2023 LVMH Group's revenue share worldwide from in 2023, by geographic region Total sales of the Richemont Group worldwide 2008-2024 Immediate access to statistics, forecasts & reports Usage and publication rights Download in various formats * For commercial use only Basic Account Free Statistics Starter Account Premium Statistics Professional Account Free + Premium Statistics Market Insights 1 All prices do not include sales tax. 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Statistics on " Personal luxury goods industry worldwide " Value of various global luxury markets 2023, by market type Revenue of the luxury goods industry Worldwide 2018-2028 Luxury goods industry revenue worldwide 2024 & 2028, by country Expected CAGR of personal luxury goods market 2020-2025 Share of the personal luxury goods market worldwide in 2023, by consumer nationality Fashion and luxury goods M&A deals worldwide in 2022, by product category Share of the personal luxury goods market worldwide in 2022, by generation Value share of the global personal luxury goods market in 2023, by sales channel Value of the global personal luxury goods market in 2023, by format Value of the online personal luxury goods market worldwide 2004-2023 Global used personal luxury goods market size from 2015 to 2021 Value of the global outlet personal luxury goods market 2012-2023 Global luxury goods market revenue 2023, by segment Revenue of the luxury fashion industry Worldwide 2018-2028 Revenue of the prestige fragrances industry worldwide 2015-2028 Revenue of the luxury watches & jewelry industry Worldwide 2018-2028 Revenue of the luxury leather goods industry Worldwide 2018-2028 Revenue of the luxury eyewear industry Worldwide 2018-2028 Business segment revenue share of the LVMH Group worldwide in 2023 Kering's global revenue from 2008 to 2023 Revenue share of the Kering Group worldwide 2023, by region Global revenue share of the Kering Group in 2023, by brand Sales share of the Richemont Group worldwide 2024, by geographical region Sales of the leading luxury goods companies worldwide 2022 Leading 20 European luxury goods companies based on sales 2022 Most sustainable luxury brands worldwide 2022 Most trusted luxury brands worldwide 2022 Luxury brands omnichannel availability score 2022 Awareness of luxury brands worldwide 2022 Other statistics that may interest you Personal luxury goods industry worldwide Market overview Premium Statistic Value of various global luxury markets 2023, by market type Premium Statistic Revenue of the luxury goods industry Worldwide 2018-2028 Premium Statistic Luxury goods industry revenue worldwide 2024 & 2028, by country Premium Statistic Expected CAGR of personal luxury goods market 2020-2025 Premium Statistic Share of the personal luxury goods market worldwide in 2023, by consumer nationality Premium Statistic Fashion and luxury goods M&A deals worldwide in 2022, by product category Premium Statistic Share of the personal luxury goods market worldwide in 2022, by generation Sales channels and formats Premium Statistic Value share of the global personal luxury goods market in 2023, by sales channel Premium Statistic Value of the global personal luxury goods market in 2023, by format Premium Statistic Value of the online personal luxury goods market worldwide 2004-2023 Premium Statistic Global used personal luxury goods market size from 2015 to 2021 Basic Statistic Value of the global outlet personal luxury goods market 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Statistic Total sales of the Richemont Group worldwide 2008-2024 Basic Statistic Sales share of the Richemont Group worldwide 2024, by geographical region Brand rankings Premium Statistic Most valuable global luxury brands 2024 Premium Statistic Sales of the leading luxury goods companies worldwide 2022 Premium Statistic Leading 20 European luxury goods companies based on sales 2022 Basic Statistic Most sustainable luxury brands worldwide 2022 Basic Statistic Most trusted luxury brands worldwide 2022 Premium Statistic Luxury brands omnichannel availability score 2022 Premium Statistic Awareness of luxury brands worldwide 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 The future of yachting: Yacht market trends in a post pandemic world Home > LUXURY/UHNW Trends > The future of yachting: Yacht market trends in a post pandemic world Posted by Joanna Lewis , 30 Jun 2022 The yachting industry has enjoyed record growth over the past couple of years. While the pandemic restricted travel initially, it created a desire for more exclusive and private holidays amongst the world’s richest. The lockdown also enhanced individuals’ willingness to seize the moment and seek freedom on the sea aboard a luxury yacht with close family and friends. Not only has this surge in yacht sales and charters been driven by a desire to enjoy more exclusive and private experiences, but it has also been driven by an uptick in global wealth. There were 670 new billionaires in 2020 and more than 295,400 Ultra-High-Net-Worth-Individuals, according to the 2021 Wealth X Report. Additionally, historically low-interest rates have provided cheap capital, further fuelling demand for luxury goods, although this driver is set to change with rising interest rates. With this increased spending power, many of the world’s most coveted luxury brands have witnessed a boost in sales, and the yachting industry, too, has reaped the rewards. Relevance Yacht’s partnership with YATCO , the Official MLS and Ultimate SaaS Platform of Yachting, provides us with the latest yacht market trends and post pandemc industry insights. Here we explore some of the latest yacht industry trends identified by YATCO. Yacht market trends : sales  Yacht sales continue to be robust. 2021 saw an astonishing 72 vessels with price increases, breaking historical records and this trend is continuing in 2022. The most recent YATCO data – from May 2022 – shows that a total of 100 yachts were sold in this month alone, with a combined asking price of more than US$179 million. There were also 350 new brokerage yachts for sale, and 49 listings are currently under contract – a 23% increase compared to April 2022. For comparison, looking at the same month in 2021, there were 39 yachts of 79ft+ sold with a combined asking price of more than $400 million, 102 new listings and 68 listings under contract. “All the Relevance yacht brokerage clients have seen incredible growth in yacht sales, yacht charters, and new build contracts since 2020,” Rumble Romagnoli, President at Relevance said. “Is the world getting richer? Are people wanting to enjoy their money more? Is the marketing of high value goods more effective through digital channels? I think we have a situation where all these factors are playing their part.”   Yacht market trends : charter  The yacht charter market continues to experience growth. An increasing number of charter-only firms are joining YATCO to sell yachts on behalf of their clients, and prices are increasing due to demand outstripping supply. According to BusinessWire, the global yacht charter market is estimated to be worth around US$16.1 billion this year and is expected to reach around $21.65 billion by 2027. Post pandemic trends The latest data from YATCO shows that expedition yachts are the most sought-after by yacht owners and charterers. This reflects an increasing trend amongst yachting enthusiasts to travel beyond the world’s most popular blue water havens and explore more remote areas. There is also a growing influx of new yacht owners and charter clients from the tech, crypto, Non-Fungible-Tokens, and blockchain community. These clients are much younger than the traditional yacht industry audience. They are typically in their mid-20s and early 30s, are new to the world of yachting and seek trusted professionals who can provide expert advice on the entire eco-cycle of yachting, from chartering to owning a luxury vessel. Yacht brokerages are responding to this new audience by embracing payment in crypto. For example, global yacht brokerage YACHTZOO has recently partnered with BitPay to offer payment for select yachts for sale and charter in cryptocurrency. This younger audience is also the key driver of the yachting industry becoming greener and more eco-friendly. As such, sustainable yachts, including ones that boast state-of-the-art hybrid propulsion systems, are increasingly popular. This trend for sustainability is reflected across the entire yachting industry, including builders, brokers, and even marinas, all implementing eco-friendly initiatives. Yacht market trends : a new digital era Driven by Covid lockdowns, the traditional way of doing business has changed, with the past few years seeing a global rise in the number of companies investing in new websites. The yachting industry has embraced this new digital era, finding new ways of selling and chartering yachts virtually, demonstrating the importance of a robust online presence and digital marketing strategies. An increasing number of sales are being made online via social media platforms, with inquiries for second-hand and new build yachts on popular platforms such as Instagram, Facebook, and LinkedIn. YATCO support yachting professionals digitally by providing top software solutions that deliver results. Relevance Yacht works with some of the leading yacht industry brands helping to support them with effective digital marketing strategies. If you want to learn about our full portfolio of marketing services, then contact the team at Relevance Yacht. Read more articles by this author Today's news Reviews and deals Climate change 2024 election Fall allergies Health news Mental health Sexual health Family health So mini ways Unapologetically Buying guides Entertainment How to Watch My Portfolio Latest News Stock Market Biden Economy Stocks: Most Actives Stocks: Gainers Stocks: Losers Trending Tickers World Indices US Treasury Bonds Rates Top Mutual Funds Options: Highest Open Interest Options: Highest Implied Volatility Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Real Estate Stock Comparison Advanced Chart Currency Converter Credit Cards Balance Transfer Cards Cash-back Cards Rewards Cards Travel Cards Credit Card Offers Best Free Checking Student Loans Personal Loans Car insurance Mortgage Refinancing Mortgage Calculator Morning Brief Market Domination Market Domination Overtime Asking for a Trend Opening Bid Stocks in Translation Lead This Way Good Buy or Goodbye? Financial Freestyle Capitol Gains Living Not So Fabulously Decoding Retirement Fantasy football Pro Pick 'Em College Pick 'Em Fantasy baseball Fantasy hockey Fantasy basketball Download the app Daily fantasy Scores and schedules GameChannel World Baseball Classic Premier League CONCACAF League Champions League Motorsports Horse racing Newsletters New on Yahoo Privacy Dashboard Yahoo Finance Luxury yacht charter market revenue to cross usd 19.0 billion by 2031| says transparency market research, inc.. Market growth influenced by economic shifts and consumer spending trends shapes the luxury yacht charter landscape. Wilmington, Delaware, United States, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global luxury yacht charter industry is forecasted to grow steadily at a 4.1% CAGR between 2022 and 2031. According to Transparency Market Research, the total sales revenue within the luxury yacht charter industry is anticipated to achieve approximately US$ 19.0 billion by the end of 2031. An emerging trend sees luxury yacht charters integrating wellness offerings. Yachts now feature onboard spas, yoga decks, and personalized health-focused experiences, catering to health-conscious clientele seeking rejuvenating escapes. Get Sample Research Report with Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85228 A rising demand for authentic cultural encounters drives charter itineraries. Exclusive access to local festivals, cultural events, and immersive experiences onboard and onshore captivates affluent travelers seeking enriched cultural journeys. An increasing emphasis on tailor-made experiences drives yacht charters to offer highly personalized services. From curated gastronomic adventures to specialized themed charters, personalized offerings cater to unique preferences, enhancing exclusivity. Key Findings of the Market Report Medium-sized yachts (31m to 50m) currently lead the luxury yacht charter market, offering a balance of space, amenities, and exclusivity. Catamarans lead the luxury yacht charter market due to spaciousness, stability, and amenities, catering to diverse preferences and luxurious experiences. Europe leads the luxury yacht charter market with its rich maritime heritage, diverse coastlines, and established luxury yachting destinations and services. Luxury Yacht Charter Market Growth Drivers & Trends Growing high-net-worth individuals globally spur demand for exclusive experiences, fueling the luxury yacht charter market's expansion. Shift towards experiential luxury travel drives demand for personalized, unique yacht charter experiences. Exploration of untapped regions like Asia Pacific and the Middle East unveils new growth opportunities for luxury yacht charters. Increasing emphasis on eco-friendly practices and sustainable yacht designs align with evolving consumer preferences and regulatory standards. Integration of advanced technologies in onboard amenities and yacht operations enhances luxury offerings, elevating the charter experience for clientele. Global Luxury Yacht Charter Market: Regional Profile In North America, particularly in the United States and the Caribbean, a penchant for high-end experiences drives the luxury yacht charter market. Key players like Fraser Yachts and Northrop & Johnson offer exclusive access to lavish vessels, catering to discerning clientele seeking luxury escapades. Europe, encompassing Mediterranean hotspots like France, Italy, and Spain, boasts a thriving luxury yacht charter market. Companies such as Burgess and Y.CO lead here, leveraging the region's rich maritime heritage and diverse coastlines to provide customized experiences in the lap of luxury. While Asia Pacific is an emerging market for luxury yacht charters, countries like Australia and Thailand showcase potential growth. Local companies like Ahoy Club navigate this landscape, tapping into the region's scenic beauty and rising affluence, offering tailored yacht experiences to a growing luxury seeking demographic. Product Portfolio Dream Yacht Charter offers a premier fleet of luxury yachts and catamarans for chartering worldwide. With global destinations, personalized experiences, and expert crews, they provide unparalleled sailing adventures, catering to diverse preferences and ensuring unforgettable moments on the open seas. Fraser Yachts stands as a leading superyacht brokerage, offering exceptional services in yacht sales, charter, and management. Renowned for expertise and client-centricity, they deliver customized solutions, access to an extensive portfolio of luxury vessels, and unparalleled experiences for discerning clients worldwide. Nautal is a trusted online platform facilitating easy yacht rentals. Their user-friendly interface connects renters with a diverse fleet of boats globally, offering seamless booking experiences and personalized sailing adventures tailored to meet various preferences, ensuring memorable maritime experiences for all. Request to PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=85228 Luxury Yacht Charter Market: Competitive Landscape The luxury yacht charter market epitomizes a competitive landscape fueled by global players catering to elite clientele. Renowned companies like Dream Yacht Charter, Burgess, and Fraser Yachts dominate, offering diverse fleets of opulent vessels and personalized services. Rising contenders such as Northrop & Johnson and Edmiston navigate this space, emphasizing customized experiences and worldwide yacht access. Regional players like Ahoy Club in Australia and Y.CO in Europe provide specialized services, adding diversity to the market. Innovation in experiential offerings, concierge services, and unique itineraries defines this landscape, where excellence, exclusivity, and exceptional customer service remain pivotal in captivating the discerning luxury yacht clientele worldwide. Some prominent manufacturers are as follows: Boatsetter Inc. Charter Yachts Australia CharterWorld LLP Dream Yacht Charter Fraser Yachts Inter Yacht Charter Martello Yachting & Company Sailing Thailand Island Cruises Co. Ltd. Simpson Marine Thai Charters West Coast Marine Yacht Services Pvt. Ltd. Yacht Charter Fleet Yachtico Inc. Zizooboats GmbH Luxury Yacht Charter Market: Key Segments By Yacht Size Small (Less than 30m) Medium (31m to 50m) Large (More than 51m) 51m to 67.5m 70 Meters (67.5m to 75m) 80 Meters (75m to 82.5m) By Yacht Type North America Asia Pacific Central America South America Middle East & Africa Enquire Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=85228 Browse more Related Reports by TMR: EV Platform Market - The industry was valued at US$ 7.2 Bn in 2021. It is estimated to advance at a CAGR of 24.6% from 2022 to 2031 and reach US$ 65.5 Bn by the end of 2031. Autonomous Trains Market - The global autonomous trains market size stood at US$ 6.1 Bn in 2021. It is estimated to expand at a CAGR of 15.2% from 2022 to 2031 and reach US$ 25.0 Bn by the end of 2031 About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com     Blog: https://tmrblog.com Email: [email protected] Italy luxury yacht victims died of 'dry drowning,' first autopsies show Initial autopsies of four of the seven victims who died when a superyacht sank in a storm in Italy last month show they died of “dry drowning,” according to authorities. The phenomenon, also known as “atypical drowning,” means they had no water in their lungs, tracheas or stomachs, said a spokesperson for the lawyer of the captain of the Bayesian, which went down off the coast of the Sicilian port of Porticello on August 19. Download the CTV News App for breaking news and video on all top stories There is no medically accepted “dry drowning” condition — “dry drowning” or other terms such as secondary drowning or delayed drowning are sometimes used to describe patients whose condition worsened after a drowning rescue or who had very little water in the lungs. However, the American Red Cross and other health organizations have recommended against using the terms; people may experience health impacts after being in water but it’s not the same as drowning, it says. The cause of death of the first four victims suggests that they had found an air bubble in the cabin in which five of the victims’ bodies were discovered, and had consumed all the oxygen before the air pocket turned toxic due to carbon dioxide, according to local media reports. The autopsies of American lawyer Chris Morvillo, his wife Neda Morvillo, Morgan Stanley banker Jonathan Bloomer and his wife Anne Elizabeth Judith Bloomer were carried out on Wednesday at the Forensic Medicine Institute of the Palermo Polyclinic hospital, officials said. Autopsies on British tech titan Mike Lynch and his 18-year-old daughter are expected to be carried out on Friday. No date has been set yet for the autopsy of Recaldo Thomas, the ship’s onboard chef – due to the difficulty reaching his family in Antigua. All seven victims were scanned for injuries last Saturday, which found none had suffered broken bones or other physical injuries that might have contributed to their deaths. The prosecutor investigating the case first suggested earlier in August the idea that the victims had been searching for an air pocket. The autopsies are part of the criminal investigation into the ship’s captain James Cutfield, the ship’s machine engineer Tim Parker Eaton and sailor Matthew Griffith, who was on watch the night of the accident. None of the men is in Italy. They are being investigated for “multiple manslaughter” and for causing a shipwreck, but authorities say this doesn’t mean they will be charged with any crimes. They were allowed to leave the country by the prosecutor in charge of the investigation. The 56-meter yacht sank within 16 minutes of being struck by a downburst or tornado on the early morning of August 19. The ship will have to be raised for the investigation and to ensure that the 18,000 liters of fuel onboard do not leak into the sea around the port of Porticello near Palermo. Bids have been sent out for the salvage, which will be paid for by the company of Lynch’s wife Angela Bacares, which owns the yacht. Toxicology results on the seven victims are expected in the coming days. 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Ottawa man wins Maniwaki, Que. radio station's 'Catch the Ace' $3.8 million jackpot An Ottawa man has won the $3.8 million prize in the 'Catch the Ace' draw in Maniwaki, Que. Local radio station CHGA 97.3 has been playing their version of 'Catch the Ace' for nearly a year without a winner. Teen vaping hits 10-year low in the U.S. Fewer adolescents are vaping this year than at any point in the last decade, government officials reported Thursday, pointing to a shrinking number of high school students who are using Elf Bar and other fruity, unauthorized e-cigarettes. Leafs sign defenceman Marshall Rifai to 2-year contract extension The Toronto Maple Leafs have signed defenceman Marshall Rifai to a two-year contract extension, the club announced Thursday. Flames to livestream memorial service for Johnny and Matthew Gaudreau A memorial service will be held for family and close friends of Johnny and Matthew Gaudreau Monday, Sept. 9 at 10 a.m. MST. Ugandan Olympic athlete dies after being severely burned by her partner Ugandan Olympic athlete Rebecca Cheptegei has died at a Kenyan hospital where she was being treated after 80 per cent of her body was burned in an attack by her partner. She was 33. Volvo Cars revamps SUV hybrid as it shifts plans away from pure electric Volvo Cars said on Wednesday that plug-in hybrids would continue to be a critical part of its profit growth plans over the next few years and that it would revamp its XC90 hybrid sports utility vehicle. Ontario man told his EV needs $33K battery. Software update fixes the problem An Ontario man said he couldn't believe an electric car he bought three years ago for $20,000 would need a new battery at a cost of more than $33,000. U.S. reports 28th death caused by exploding Takata air bag inflators Another death has been linked to dangerous Takata air bag inflators by U.S. regulators, the 28th in the United States. Local Spotlight How a Grandma Babysitting Club is addressing Ontario's child care shortage A group of seniors in Ontario is offering their time and experience as parents struggle to find reliable child care spaces. Saskatchewan man auctioning off large collection of antique farming tractors Saskatchewan man Clyde Hall has been collecting and restoring antique farm equipment for five decades. He's now ready to part with his collection. 'It's pretty unique to see them': Salamander migration in full swing in Manitoba Herds of salamanders are crossing the road in western Manitoba by the dozens. Bear cub from northern Ont. survives 10-hour drive to Windsor in back of van, being fed Taco Bell A black bear cub survived a 10-hour drive to Windsor while being fed Taco Bell after being found in the middle of a road near Cochrane, Ont. B.C. woman who sought $5K from neighbour over noise ordered to pay $50 for nuisance A British Columbia woman who unsuccessfully sued her downstairs neighbour last fall for making too much noise has now failed in a bid to sue her upstairs neighbour for being too loud. Windsor musician receives rare honour of taking the stage at Detroit Jazz Festival A trumpeter from Windsor is performing at the Detroit Jazz Festival this weekend — a rare honour for a musician from the Rose City. Humpback whale calf struck by BC Ferries vessel 'likely to survive,' research society says A humpback whale calf that was struck by a BC Ferries vessel off of northern Vancouver Island last Thursday is expected to recover, a local marine research society says. Meet the man living in the middle of a Kitchener, Ont. roundabout Drivers going by a Kitchener roundabout may have noticed something unusual – a tent set up on the centre island. Festivals abound on first full weekend of September in Metro Vancouver Labour Day – the unofficial end of summer – has passed, but there are still lots of outdoor activities planned across Metro Vancouver this weekend. Here are some to check out. Vancouver pauses plan to build temporary fire hall on Strathcona green space The City of Vancouver is pausing the rezoning process for a temporary fire hall in Strathcona, after gathering feedback from residents and community groups. Man, 21, charged in connection with fatal shooting at North York housing complex A suspect has been charged in connection with two shootings in Toronto this summer, one of which took the life of a 23-year-old man in North York. Crews battling container fire in Mississauga Several shipping containers have caught fire in Mississauga, and crews are battling to knock down the flames. You can catch CTV Calgary's newscast for Sept. 5, 2024, right here With Thursday's CTV News Calgary @ 5 and CTV News Calgary @ 6 pre-empted, we've put together a special online edition for you. 'Lack of provincial leadership': Calgary city councillor pushes back against province's letter A Calgary city councillor is urging Calgarians to write to Alberta's transportation minister, their MLA and even Premier Danielle Smith to tell them to reverse course on their plan to scuttle the Green Line project. Sexual assault charges filed against Calgary massage therapist A Calgary massage therapist has been charged in relation to two alleged sexual assaults that took place earlier this year. Buying booze more 'convenient' across Ontario, but that convenience comes with a price The change to how and where alcohol is sold gives Ontarians more options on when and where they can buy beer and wine, but it could come at a steeper price. Trees in eastern Ontario are changing colour already: Here's why and what it means for fall It has been sunshine and warm temperatures to start the month of September, but some trees in eastern Ontario appear to be getting a jump start on fall. Snowbirds, Red Arrows bring smiles to CHEO students The Canadian Forces Snowbirds and the Royal Air Force Red Arrows visited kindergarten students at the Children's Hospital of Eastern Ontario (CHEO) on Thursday. Two Montreal children struck in separate accidents, prompting calls for greater vigilance Two close calls have left communities shaken on opposite sides of the city of Montreal. In Ahuntsic, a six-year-old was struck by a school bus driver this morning. In Ville Marie, a three-year-old was hit by an SUV under similar circumstances. Golden again, Canadian wheelchair racer Brent Lakatos back atop the Paralympic podium Brent Lakatos got the gold. The veteran wheelchair racer from Dorval, Que., owns fistfuls of Paralympic medals, but not quite enough gold for his liking kept the 44-year-old racing to Paris. Edmonton man facing child porn charges following cross-border investigation: ALERT An Edmonton man has been charged as part of a cross-border child sex abuse investigation. Jasper slowly reopening to the public as wildfire recovery continues While the cleanup continues in Jasper, the public is once again permitted back into the mountain town. Rainfall warnings, special weather statements issued for parts of Maritimes A low-pressure system currently sitting to the west of Bermuda is being given a 20 per cent chance of tropical development by the National Hurricane Center in the United States. Nova Scotia RCMP to apologize to Black community for historic use of street checks The commander of the RCMP in Nova Scotia will apologize to the province's Black community on Saturday for the Mounties' historic use of street checks. 'Principal architect' of Morrisseau mass forgeries sentenced to five years in prison Mass forgeries of Indigenous artist Norval Morrisseau's paintings have caused irreparable harm to the trailblazer's legacy -- and to First Nations art writ large, an Ontario judge acknowledged Thursday in sentencing one of the ringleaders of a sprawling fraud scheme. IIU investigating after man shot by RCMP in rural Manitoba Manitoba's police watchdog is now investigating after an RCMP officer shot a man outside a home in the RM of Macdonald. 'The most injuries I've ever seen up front': Riders' offensive line shaken up once again for Banjo Bowl The Saskatchewan Roughriders' offensive line took another major hit in the Labour Day Classic on Sunday when two members suffered injuries that took them out for the rest of the game. Senior seriously injured in Guelph crash, driver flees the scene Police are looking for a driver who fled the scene of a crash that left a senior seriously hurt. Investigation continues into cause of Cambridge house fire A house fire in Cambridge, initially believed to be caused by a gas leak, is now being investigated by the Ontario Fire Marshal. Reported high-rise crane stunt dubbed 'risky' and 'dangerous' What appears to be a stunt on a crane high above London, Ont. is gaining traction online and disdain from some viewers and emergency officials. Sask. spending $17M to shore up local police in bid to fight 'social disorder' The Saskatchewan government announced a series of policing and court initiatives Thursday that it hopes will make people feel safer in their communities. Saskatchewan judge orders Vern's Pizza location to stop using the name after franchise feud A judge has ordered the Vern's Pizza in Saskatoon’s Sutherland neighbourhood to stop using the Vern's name after finding its franchise agreement expired in 2016. Northern Ontario Nipissing University centre closes following investigation into social media post Nipissing University says it’s saddened by the decision to permanently close the student-led The Equity Centre following the completion of a third-party, independent investigation. 'A tonne of sleepless nights': LHSC interim CEO announces dozens of cuts to executive ranks London Health Sciences Centre (LHSC) announced Thursday it has cut dozens of top administration positions, reducing the payroll by millions of dollars. $132 million in funding announced for 370 units on old Victoria Hospital site More than $132 million in funding for affordable housing in London was announced at city hall today – just blocks away from where that money will be put to good use. Suspended G1 driver faces criminal charges after traffic stop turns into drug bust: OPP Provincial police say an officer pulled over a vehicle for speeding on Yonge Street in Midland, which led to the seizure of a large amount of street drugs, cash, and weapons and resulted in criminal charges. Attempted theft of groceries thwarted by staff and police Grocery store staff helped police in Gravenhurst stop a theft in progress. Bradford's photo radar program generates $1.88M in fines in 4 months Bradford West Gwillimbury's mayor says he's "very enthusiastic" about the impacts of the town's new Automated Speed Enforcement program, which has generated $1.88 million in fines since its launch in May. Second person dead in Highway 401 collision A second person has died following Aug. 23’s collision on Highway 401. Canada’s first No Name grocery store opens in LaSalle, Ont. The sound of product scanning was prominent on the first day of the new No Name grocery store at the Windsor Crossing Premium Outlet Mall. Ceremonial plaque unveilled at Essex Carnegie Library A ceremonial plaque was unveiled Thursday in the town of Essex, honouring the landmark Essex Carnegie Library building. Vancouver Island Driver ticketed after striking mother, baby in b.c. crosswalk. A 24-year-old driver has been ticketed for driving without due care and attention after striking a mother and her baby in a pedestrian crosswalk near Victoria. Police investigating body found after fire in Comox, B.C. Major crime detectives are investigating after firefighters discovered human remains at the scene of a house fire in Comox, B.C. Have you seen Lulu? Kelowna RCMP searching for stolen puppy Mounties in Kelowna are appealing to the public for help reuniting a stolen puppy named Lulu with its owner. RCMP issue 'strong warning' against unsanctioned pre-grad parties in B.C.'s Okanagan Authorities are urging parents in B.C.'s Okanagan to speak with their teenagers about the dangers of attending "unsanctioned" pre-graduation parties. Commercial truck plunges off bridge in B.C. Interior, driver unaccounted for, RCMP say The driver of a semi truck and trailer that plunged off of a bridge in the B.C. Interior Saturday morning has not been located, according to police. Lethbridge police seek public assistance identifying 3 suspects in commercial structure fire Lethbridge police are seeking public assistance to help identify three suspects in connection with a fire set to a commercial building. Southern Alberta farmers caught in the middle of Canada, China dispute Southern Alberta farmers appear to be caught in the middle of a trade war, as the Canadian and Chinese governments face off on the international stage. Lethbridge post-secondary students return to class with more financial support options Students at the University of Lethbridge and Lethbridge Polytechnic were out in full force Wednesday as a new semester got underway. Sault Ste. Marie Sault suspect accused of posing as a teacher, threatened child to send intimate images A 41-year-old resident of the Sault is accused of posing as a teacher from Wasaga Beach and threatening a child from a nearby community into sending intimate images of themselves. Fentanyl with a street value of $400K seized in northwestern Ont. Two suspects from southern Ontario have been charged after police in Kenora, Ont., made a major drug bust on Labour Day. Water restored in Little Current, but still not safe to drink Water service has been restored in Little Current on Manitoulin Island, but it's still not safe to drink, officials said Thursday afternoon. Dispute over unrecognized Inuit group halts major conference for Canadian North A 16-year-old biennial event aimed at fostering business in the country's eastern Arctic and northern regions has been cancelled indefinitely as a dispute unfolds between Inuit in Canada and a Labrador group claiming to share their heritage. Cow cuddling: Why a Newfoundland farm is offering quality time with these 'gentle creatures' Jim Lester’s farm hopped on the cow-cuddling trend in early August, and his time slots have been pretty well sold out ever since. Newly reinstated Newfoundland cod fishery temporarily paused as landings hit limit The federal government has temporarily paused parts of the newly reinstated commercial northern cod fishery off the east coast of Newfoundland as landings approach the seasonal limit. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.  Read about us. 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THE PRINCESS PASSPORT Email Newsletter Yacht Walkthroughs Destinations Electronics Boating Safety Ultimate Boating Giveaway Next-Level Cruising: 2022 Palm Beach PB70 For Sale By Donny Gilbert September 4, 2024 Looking for a stout, finely finished, high-performing Downeast-style yacht with a thoroughly modern build? Falcon , a 2022 Palm Beach PB70, has just entered the market with Grand Banks at $4.999 million. “Her lines are much sleeker than those of most other boats in her class, many of which tend to skew more classical and, frankly, more boxy,” Yachting previously reported . “This boat is sexy, with a raked windshield and gently curving sheer line that reaches aft toward a generous tumblehome.” Construction is vacuum-infused E-glass with carbon fiber for structural areas. The deck and superstructure are built with infused carbon fiber for strength without added weight. Coring is Airex and Corecell foam. Boarding Falcon via the teak swim platform, the cockpit is accessed through a transom door to starboard. The first things I noticed were the teak sole, fixed Bimini and al fresco space to entertain family and friends. Guests can relax on an L-shaped settee with a custom hi-low teak table or the aft-facing L-shaped settee with table to starboard. Grill a few burgers for lunch on the Kenyon electric BBQ before grabbing a few water toys out of the garage. Falcon ’s tender garage is currently used for stowage with the tender stowed on the hardtop. Rinse off using the cockpit shower with fresh hot/cold water and dry off in the sun on a couple sun pads or an inset settee for two on the foredeck. Some other amenities include: Remote docking station Underwater lights Cockpit courtesy lights Cockpit cover Cockpit wet bar with Silestone “Eternal Calacatta Gold” countertop with AC/DC refrigerator, freezer, sink, storage Designated glassware cabinet Teak cockpit sole with day hatch to the tender garage Garage w/built-in with electric door, ladder, custom paddle board holders, custom bike holders, custom storage box for snorkeling gear & Seabob Opacmare Transformer hydraulic swim platform (900-pound capacity) with stainless-steel staple rail and removable tender chocks A set of double teak doors from the cockpit lead to the salon. A Burmese teak interior is illuminated by natural light flowing in through the windows that surround the salon. Relax on the portside sofa with a hi-low teak table that converts to an additional berth, settee with table to starboard, barrel chair and custom ottoman with flip fabric/teak lid. Solid teak cabinetry and lockers provide stowage space for salon accessories. Catch a game on the retractable flat- screen TV or nose into a book using the custom reading lights.  Forward, and open to the salon, is Falcon’ s helm station. The helm has a custom Sisal “Samarra” carpeted sole on the raised portion of the helm, matching the salon, a teak sole through the helm companionway and a teak helm console. Optional. leather Stidd helm chairs were added along with a custom portside companion helm seat with a fixed armrest. Falcon has the following electronics and navigation tech: 2/Garmin 8617 displays Volvo autopilot GMR Fantom 24″ dome radar Garmin 315 VHF Engine room camera Cockpit aft-facing camera, starboard bulkhead Garmin WiFi WiFi booster, WL-510 with Asus RT-AC1200G+ router Volvo 7″ display with new sonar function Starlink SAT communication system Falcon has a one-of-a-kind tender, a Palm Beach PB14, that is mounted on the hardtop and can be easily launched using a custom transformer davit with powered hoist and rotatable base built into the mast. The carbon fiber tender with a Honda 30 hp outboard includes one Garmin GPSMAP 753XSV, Fusion Marine black box MS-BB1100 entertainment system with bluetooth wired remote and NMEA 2000, Fusion 4″ speakers and custom upholstery. Down a few steps and forward the helm station is Falcon ’s galley. It has a teak sole and teak cabinetry, large countertops and a stainless-steel sink. appliances include a Miele KM6320 3-burner induction cooktop, Miele DA 1260 with optional odor-free charcoal filter, DKF 18-900 range hood and Miele H6200 BM speed microwave/convection oven. Other galley amenities include the following: Sub-Zero ID-24R refrigerator/freezer Water purification system Hideaway pull-out disposal bin at inboard end of galley Overhead locker above cooktop on forward bulkhead of galley Plate rack with cup holders Drawer stowage After a long day on the water, retire to one of three staterooms. The amidships master stateroom has a king-sized island berth with under-berth stowage and an en suite head. The sole is covered with a custom Sisal “Samarra” carpet with acoustic underlay and the teak cabinetry has a satin finish. Owners will find plenty of stowage for their personal belongings in a hanging locker with mirror, stowage lockers with positive locking hardware as well as a Diplomat hotel P25EN safe. Catch the rest of the game on the flatscreen smart TV or turn on one of the six custom reading lights to finish the chapter before falling off to sleep. The VIP has a queen-sized island berth with en suite head. Personal belongings can be stowed in a dresser and stowage lockers with teak cabinetry. The guest stateroom has two single berths with teak cabinetry and custom portholes. Stowage lockers, dressing cabinet with mirror and custom teak shelves provide stowage for personal belongings. The guest stateroom could also be used as crew quarters.  Where is Falcon located? The yacht is currently lying in Stuart, Florida. Take the next step: call the listing agent, Carvey Iannuzzi , (616) 889-7766, Grand Banks Quick Specifications Length Overall: 70′ Maximum Beam: 19.17′ Max Draft: 4.25′ Cruising Speed: 25 knots Max Speed: 33 knots Hull Material: Fiberglass Engine Make: Volvo Engine Model: IPS1350 Fuel Type: Diesel Combined Horsepower: 2,000 hp  Fuel Capacity: 1,575 Gal. Range:   732 nm More: 50'-99' , Brokerage , Grand Banks , Palm Beach , Palm Beach Motor Yachts , Yachts for Sale More Brokerage For Sale: 2014 Sabre 42 Salon Express Performance Meets Luxury: Pershing 7X For Sale For Sale: Riva 110 Dolcevita For Sale: Absolute Yachts 58 Fly Unveiling the Tiara Yachts EX 54: A Comprehensive Review Ocean Alexander Unveils the Puro 35P Superyacht Digital Edition Customer Service Privacy Policy Terms of Use Email Newsletters Cruising World Sailing World Salt Water Sportsman Sport Fishing Wakeboarding 458 IMAGES Yacht Market 2023 Segment Insights, Recent industry trends Luxury Yachts For Sale, Superyacht & Boat Sales More than 100 Luxury Yachts for Sale / Mega Yachts for Sale Luxury Yachts For Sale Luxury Yacht Market Size, Share, Trends Luxury Boat & Yacht Sales Australia VIDEO M/Y LADY PETRA RH3 Luxury Explorer Yacht The most luxury yacht #luxury #superyacht #travel #automobile Silver Seas Yachts My New Command!!! Luxury Yacht Promotional Video Production Agency COMMENTS The Berthon Market Report 2024 Yacht Market Report Berthon publishes an annual Market Report, reviewing yacht sales over the previous year and looking at what we believe will be the important trends and changes in the year ahead. Berthon are bluewater specialists and manage luxury yacht sales through a network of international offices. Luxury Yacht Market Size The luxury yacht market size surpassed USD 10.7 billion in 2023 and is projected to showcase around 6% CAGR from 2024 to 2032, driven by the rising ultra-high-net-worth individuals (UHNWI) population. Yacht Market Size & Trends The global yacht market size was estimated at USD 9.39 billion in 2023 and is expected to register a CAGR of 5.1% from 2024 to 2030. The yachting industry has experienced a steady rise in demand in recent years, driven by increasing disposable income and a growing desire for leisure pursuits. This trend is further fueled by the growing luxury ... Luxury Yacht Market Size Sales Trends & Growth Report 2032 The Luxury Yacht Market size was USD 7.36 billion in 2023 and is expected to Reach USD 15.16 billion by 2032 and grow at a CAGR of 8.35% over the forecast period of 2024-2032. US Luxury Yacht Market Size, Trends, Share, Forecast 2033 The US luxury yacht market represents a segment of the maritime industry dedicated to high-end vessels designed for affluent individuals and corporations. Characterized by opulent amenities, advanced technological features, and bespoke craftsmanship, luxury yachts in the US cater to discerning clientele seeking exclusive maritime experiences. Luxury Yacht Market Size, Share, Trends The luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031. Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feets and expanding to more than 250 feet. Luxury Yacht Market Size, Share, Growth Report 2032 The luxury yacht market size reached US$ 7.9 Billion in 2023 and is expected to reach US$ 16.9 Billion by 2032, exhibiting a CAGR of 8.6% during 2024-2032. Luxury Yacht Market Trends 2023 & 2024 Luxury Yacht market trends report includes a forecast to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download. Global Luxury Yacht Market Overview Global Luxury Yacht Market Overview The Luxury Yacht market estimated at USD 9.09 Billion in the year 2023, is projected to reach a revised size of USD 18.35 Billion by 2032, growing at a CAGR of 8.12% over the analysis period 2024-2032. Luxury Yacht Market Luxury Yacht Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Luxury Yacht Market Report is Segmented by Type (Sailing Luxury Yachts, Motorized Luxury Yachts, and Others), by Size (Up To 20 Meters, 20 To 50 Meters, and Above 50 Meters), by Application (Commercial and Private Use) and by Geography. Luxury Yacht Market Size, Share, Sales & Forecast by 2033 Luxury Yacht Market Outlook (2023 to 2033) As per the latest findings of Future Market Insights, global luxury yacht market revenue is expected to be US$ 8,812.4 Million by the end of 2023. In the long-term, the luxury yacht market is estimated to reach at around US$ 19,924.7 Million in 2033. Luxury Yacht Market Trends The luxury yacht market faced significant challenges during the COVID-19 pandemic, with travel restrictions and border closures leading to declining sales and demand. Many potential buyers postponed or canceled purchases due to uncertainty. However, as vaccination rates increased and travel restrictions eased, the demand for luxury yachts surged. Affluent individuals sought seclusion and ... Superyacht Market Intelligence The latest and best yacht industry market intelligence: market data, statistics and editorial analysis on yacht orders, launches, deliveries and sales Yacht Market Report 2022 Luxury yacht market report 2022: Relevance digs deep into the future of the superyacht industry, from sustainability to luxury travel trends. Luxury Yacht Market Size, Trends, Growth, Analysis Report 2023-2027 Luxury Yacht Market Forecast 2023-2027. The luxury yacht market is estimated to grow by 366 thousand units at a CAGR of 11.26% between 2022 and 2027. The increase in recreational tourism is driving demand for luxury travel experiences and accommodations. Digital marketing and increasing social media use are enabling luxury brands to reach a ... Market reports sales Sales Market Report January - June (H1) 2024 Overview. During the first half of 2024 (H1), the global sales market experienced a significant decline, with demand for both new and pre-owned yachts decreasing compared to the previous year. This trend resulted in a 29% reduction in market activity, with a total of 366 yachts sold, including 103 ... Global luxury yacht market size According to Next Move Strategy Consulting, the global luxury yacht market is projected to more than double between 2019 and 2030. The latest yacht market trends Yacht market trends: sales. Yacht sales continue to be robust. 2021 saw an astonishing 72 vessels with price increases, breaking historical records and this trend is continuing in 2022. The most recent YATCO data - from May 2022 - shows that a total of 100 yachts were sold in this month alone, with a combined asking price of more than US ... Luxury Yacht Charter Market Revenue to Cross USD 19.0 billion by 2031 Market growth influenced by economic shifts and consumer spending trends shapes the luxury yacht charter landscape. Dubai: The New Playground For The World's Superyachts From October 2023 to June 2024, 64 yachts over 28 meters visited the U.A.E., the highest number ever recorded, showing a 12% increase over the previous season, according to the U.A.E Yachting ... Luxury yacht victims suffocated in cabin, autopsies show Initial autopsies of four of the seven victims who died when a superyacht sank in a storm in Italy last month show they died of "dry drowning," according to authorities. Next-Level Cruising: 2022 Palm Beach PB70 For Sale The yacht is currently lying in Stuart, Florida. Take the next step: call the listing agent, Carvey Iannuzzi, (616) 889-7766, Grand Banks. Quick Specifications. ... Performance Meets Luxury: Pershing 7X For Sale For Sale: Riva 110 Dolcevita For Sale: Absolute Yachts 58 Fly Read More. 2025 Azimut 62 FLY The Azimut 62 FLY is the pinnacle of luxury and sophistication, setting a new standard in the yachting world. An exquisite blend of style, design, and innovation, this yacht promises a remarkable journey through international waters. The bow sun-pad area offers a secluded retreat for enjoying breathtaking sunsets, while the flybridge features a sun pad, dining area, and an optional lounge at ... Channel James Bond Aboard The 190-Foot Superyacht 'Skyfall' SKYFALL was built by American luxury motor yacht builder Trinity Yachts in 2010 for the shipyard's owner. "SKYFALL is the most exquisite superyacht ever delivered by Trinity Yachts and is a ... Yuzhno-Sakhalinsk Yuzhno-Sakhalinsk (Russian: Ю́жно-Сахали́нск, IPA: [ˈjuʐnə səxɐˈlʲinsk] ⓘ, lit.'South Sakhalin city') is a city and the administrative center of Sakhalin Oblast, Russia. It is located on Sakhalin Island in the Russian Far East, north of Japan. [ 10 ] Gas and oil extraction as well as processing are amongst the main industries on the island. It was called Vladimirovka ... Sicily Bayesian yacht sinking One man has died and six people are missing after a luxury yacht sank in freak weather conditions off the coast of Sicily. The 56m British-flagged Bayesian was carrying 22 people - 12 passengers ... Winter in Sakhalin, Russia's largest island February 03, 2020 in Russia. Sakhalin is the largest Russian island. It is larger than Ireland, yet, barely half a million people live on it, most of them in the capital, that lies at its southern tip. I had wanted to visit this far-flung part of Russia for already quite some time and the opportunity just came up during winter time, which is ... Sakhalin: Russia's Far East opening up to visitors Sakhalin, Russia's largest island, offers urban skiing, amber-strewn beaches, premium seafood and unspoiled coastline in the Far East of the country. With new visa relaxations, visits could go up. Places to Visit in Yuzhno-Sakhalinsk 1. Gorny Vozduh (Mountain Air) 527. Ski & Snowboard Areas. "Gorny Vozdukh" is one of the fastest growing ski resorts in the Far East. The unique location - in the heart of the capital of the Sakhalin region, Yuzhno-Sakhalinsk city - allows guests be in the…. 2. Sakhalinskiy Oblastnoy Muzey. 460. catamaran gulet motorboat powerboat riverboat sailboat trimaran yacht