Superyacht Market, By Yacht Type (Motor Yacht, Sailing Yacht, and Others), By Yacht Size (Below 40 Meter, 40-80 Meters, and Above 80 Meters), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Superyacht Market, By Yacht Type (Motor Yacht, Sailing Yacht, and Others), By Yacht Size (Below 40 Meter, 40-80 Meters, and Above 80 Meters), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The global superyacht market has experienced substantial growth over the past few years. Superyachts refer to luxury yachts that are over 30 meters (100 feet) in length. Factors such as rising high-net-worth individuals population, increasing recreational, and leisure boat industry have fueled market expansion. Additionally, the growing tourism industry globally has increased the demand for luxury cruising experiences. Superyacht provides ultra-luxurious accommodation along with experiential amenities including spa, gym, swimming pool, jacuzzi, sundeck, and jet ski. Prominent shipbuilders across Europe and the U.S. are investing in designing innovative superyachts with advanced features to attract affluent customers globally.

Market Dynamics:

Rising number of high-net-worth individuals around the world is a key driver for the global superyacht market. As per Capgemini, the number of millionaires and billionaires grew significantly between 2020 to 2022. Increasing disposable income has encouraged luxury spending on assets such as superyachts. Moreover, growing yachting activities and boat racing events by wealthy individuals are propelling market expansion. However, high maintenance and construction costs of superyachts remains a major restraint. Labor shortage faced by shipbuilding yards amid the COVID-19 pandemic has also challenged the timely delivery of superyachts. On the other hand, increasing yacht tourism and charter services are opening new opportunities. Superyacht manufacturers are enhancing digital features to drive charter bookings online.

Key Features of the Study:

• This report provides in-depth analysis of the global superyacht market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global superyacht market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Amels, Azimut Benetti, Blohm Voss Heensen Yachts, Burgess, Christensen Shipyards, Feadship, Ferretti SpA, Fincanteri, Holland Jachtbouw, ISA Yachts, Lürssen, Moonen Shipyards, Mulder Shipyards, Nobiskrug, and Oceanco.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global superyacht market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global superyacht market.

Detailed Segmentation:

• By Yacht Type
• Motor Yacht
• Sailing Yacht
• Others
• By Yacht Size
• Below 40 Meter
• 40-80 Meters
• Above 80 Meters
• By Regional
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Key Players Insights
• Amels
• Azimut Benetti
• Blohm Voss Heensen Yachts
• Burgess
• Christensen Shipyards
• Feadship
• Ferretti SpA
• Fincanteri
• Holland Jachtbouw
• ISA Yachts
• Lürssen
• Moonen Shipyards
• Mulder Shipyards
• Nobiskrug
• Oceanco