Luxury Yacht Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224344

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224344

Luxury Yacht Market

Growth Factors of Luxury Yacht Market

The luxury yacht market size was valued at USD 7.67 billion in 2023, and the market is now 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 of 2024-2032.

The luxury yacht market faced substantial challenges during the COVID-19 pandemic, with travel restraints and border closings leading to falling sales and demand. Numerous prospective customers postponed or canceled buying due to uncertainty. However, as vaccination rates augmented and travel limitations reduced, the demand for luxury yachts surged.

The luxury yacht market is facing a considerable surge in demand, essentially engrossed by the mounting number of worldwide ultra-high net worth individuals. The rising wealth growth among billionaires and the super-rich fuels the demand for luxury yachts as rich individuals seek excessive investments that line up with their lavish routines. The rising want among ultra-rich individuals to make extravagant investments that bring into line with their wealthy lifestyle further boosts the demand for luxury yachts universally which upsurge the luxury yacht market growth.

Yacht manufacturers are anticipated to upsurge the making of electric yachts as they shift to batteries to produce zero-emission products. The occurrence of clean force technology will motivate the progression of electric yachts in the forthcoming. Electric yachts have few moving parts and do not want engine oil or gas. Furthermore, these yachts are quiet and need little maintenance. Electric luxury yachts produce further twisting and proficiently transform kept kinetic energy into electricity. These yachts are ecological friendly and release no carbon dioxide, thus falling greenhouse gas discharges.

Comprehensive Analysis of Luxury Yacht Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, by size and by application. Based on type, the market is classified into motor yachts and sailing yachts. By size, the market is classified into up to 50 meters, 50 to 100 meters, and more than 100 meters. By application, the market is divided into personal use and commercial use.

Europe region is dominating the luxury yacht market share due to robust progress of maritime tourism and extensive range of tourist destinations. The growth in the regard of fishing events and water sports and rising upper-class population are projected to motivate the market improvement in the region during the projection period.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include 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) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In 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 driven by twin Caterpillar engines that reach a sailing speed of 13 knots.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.9% from 2024-2032

Unit Value (USD Billion)

Segmentation By Type

Motor Yachts
Sailing Yachts

By Size

Upto 50 Meters
50 to 100 Meters
More than 100 Meters

By Application

Personal Use
Commercial Use

By Geography

North America (By Type, By Size, and By Application)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Type, By Size, and By Application)
Crotia (By Application)
Germany (By Application)
France (By Application)
Spain (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Size, and By Application)
China (By Application)
Japan (By Application)
Malaysia (By Application)
Thailand (By Application)
Australia (By Application)
Rest Of Asia Paciifc (By Application)of Asia Pacific (By Application)
Rest of the World (By Type, By Size, and By Application)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships; 4.2. Porter’s Five Forces Analysis; 4.3. Technological Developments
5. Global Luxury Yacht Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Type; 5.2.1. Motor Yachts; 5.2.2. Sailing Yachts; 5.3. Market Analysis, Insights and Forecast – By Size; 5.3.1. Upto 50 Meters; 5.3.2. 50 to 100 Meters; 5.3.3. More than 100 Meters; 5.4. Market Analysis, Insights and Forecast – By Application; 5.4.1. Personal Use; 5.4.2. Commercial Use; 5.5. Market Analysis, Insights and Forecast – By Region; 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Rest of the World
6. North America Luxury Yacht Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Type; 6.1.1. Motor Yachts; 6.1.2. Sailing Yachts; 6.2. Market Analysis, Insights and Forecast – By Size; 6.2.1. Upto 50 Meters; 6.2.2. 50 to 100 Meters; 6.2.3. More than 100 Meters; 6.3. Market Analysis, Insights and Forecast – By Application; 6.3.1. Personal Use; 6.3.2. Commercial Use; 6.4. Market Analysis, Insights and Forecast – By Country; 6.4.1. U.S.; 6.4.1.1. Insights and Forecast – By Application; 6.4.2. Canada; 6.4.2.1. Insights and Forecast – By Application; 6.4.3. Mexico; 6.4.3.1. Insights and Forecast – By Application
7. Europe Luxury Yacht Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Type; 7.1.1. Motor Yachts; 7.1.2. Sailing Yachts; 7.2. Market Analysis, Insights and Forecast – By Size; 7.2.1. Upto 50 Meters; 7.2.2. 50 to 100 Meters; 7.2.3. More than 100 Meters; 7.3. Market Analysis, Insights and Forecast – By Application; 7.3.1. Personal Use; 7.3.2. Commercial Use; 7.4. Market Analysis, Insights and Forecast – By Country; 7.4.1. Croatia; 7.4.1.1. Insights and Forecast – By Application; 7.4.2. Germany; 7.4.2.1. Insights and Forecast – By Application; 7.4.3. France; 7.4.3.1. Insights and Forecast – By Application; 7.4.4. Spain; 7.4.4.1. Insights and Forecast – By Application; 7.4.5. Italy; 7.4.5.1. Insights and Forecast – By Application; 7.4.6. Rest of Europe; 7.4.6.1. Insights and Forecast – By Application
8. Asia Pacific Luxury Yacht Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Type; 8.1.1. Motor Yachts; 8.1.2. Sailing Yachts; 8.2. Market Analysis, Insights and Forecast – By Size; 8.2.1. Upto 50 Meters; 8.2.2. 50 to 100 Meters; 8.2.3. More than 100 Meters; 8.3. Market Analysis, Insights and Forecast – By Application; 8.3.1. Personal Use; 8.3.2. Commercial Use; 8.4. Market Analysis, Insights and Forecast – By Country; 8.4.1. China; 8.4.1.1. Insights and Forecast – By Application; 8.4.2. Japan; 8.4.2.1. Insights and Forecast – By Application; 8.4.3. Malaysia; 8.4.3.1. Insights and Forecast – By Application; 8.4.4. Thailand; 8.4.4.1. Insights and Forecast – By Application; 8.4.5. Australia; 8.4.5.1. Insights and Forecast – By Application; 8.4.6. Rest of Asia Pacific; 8.4.6.1. Insights and Forecast – By Application
9. Rest of the World Luxury Yacht Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis – By Type; 9.1.1. Motor Yachts; 9.1.2. Sailing Yachts; 9.2. Market Analysis – By Size; 9.2.1. Upto 50 Meters; 9.2.2. 50 to 100 Meters; 9.2.3. More than 100 Meters; 9.3. Market Analysis, Insights and Forecast – By Application; 9.3.1. Personal Use; 9.3.2. Commercial Use
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Azimut Benetti S.p.A. (Italy); 10.5.1.1. Overview; 10.5.1.2. Products & services; 10.5.1.3. SWOT analysis; 10.5.1.4. Recent developments; 10.5.1.5. strategies; 10.5.1.6. financials (based on availability); 10.5.2. Sanlorenzo S.p.A (Italy); 10.5.2.1. Overview; 10.5.2.2. Products & services; 10.5.2.3. SWOT analysis; 10.5.2.4. Recent developments; 10.5.2.5. strategies; 10.5.2.6. financials (based on availability); 10.5.3. Ferretti Group (Italy); 10.5.3.1. Overview; 10.5.3.2. Products & services; 10.5.3.3. SWOT analysis; 10.5.3.4. Recent developments; 10.5.3.5. strategies; 10.5.3.6. financials (based on availability); 10.5.4. Feadship (Netherlands); 10.5.4.1. Overview; 10.5.4.2. Products & services; 10.5.4.3. SWOT analysis; 10.5.4.4. Recent developments; 10.5.4.5. strategies; 10.5.4.6. financials (based on availability); 10.5.5. Princess Yachts (UK); 10.5.5.1. Overview; 10.5.5.2. Products & services; 10.5.5.3. SWOT analysis; 10.5.5.4. Recent developments; 10.5.5.5. strategies; 10.5.5.6. financials (based on availability); 10.5.6. Sunseeker Yachts(UK); 10.5.6.1. Overview; 10.5.6.2. Products & services; 10.5.6.3. SWOT analysis; 10.5.6.4. Recent developments; 10.5.6.5. strategies; 10.5.6.6. financials (based on availability); 10.5.7. Fr. Lurssen Werft GmbH & Co.KG (Germany); 10.5.7.1. Overview; 10.5.7.2. Products & services; 10.5.7.3. SWOT analysis; 10.5.7.4. Recent developments; 10.5.7.5. strategies; 10.5.7.6. financials (based on availability); 10.5.8. ISA Yachts (Italy); 10.5.8.1. Overview; 10.5.8.2. Products & services; 10.5.8.3. SWOT analysis; 10.5.8.4. Recent developments; 10.5.8.5. strategies; 10.5.8.6. financials (based on availability); 10.5.9. Ocean Alexander (Taiwan); 10.5.9.1. Overview; 10.5.9.2. Products & services; 10.5.9.3. SWOT analysis; 10.5.9.4. Recent developments; 10.5.9.5. strategies; 10.5.9.6. financials (based on availability); 10.5.10. Kingship Marine Limited (China); 10.5.10.1. Overview; 10.5.10.2. Products & services; 10.5.10.3. SWOT analysis; 10.5.10.4. Recent developments; 10.5.10.5. strategies; 10.5.10.6. financials (based on availability)