Global Luxury Yacht Market 2024-2028

Luxury Yacht Market 2024-2028


The luxury yacht market is forecasted to grow by USD 5226.9 mn during 2023-2028, accelerating at a CAGR of 8.61% during the forecast period. The report on the luxury yacht market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in recreational tourism, digital marketing and increasing social media use, and increase in hnwi population.

Technavio's luxury yacht market is segmented as below:
  • By Type
  • Sail yachts
  • Motor yachts
  • By Application
  • Commercial
  • Private
  • By Geographical Landscape
  • Europe
  • APAC
  • North America
  • South America
  • Middle East and Africa
This study identifies the use of advanced materials as one of the prime reasons driving the luxury yacht market growth during the next few years. Also, focus of yacht makers on emerging markets and emergence of alternative fuel in marine industry will lead to sizable demand in the market.

The report on the luxury yacht market covers the following areas:
  • Luxury yacht market sizing
  • Luxury yacht market forecast
  • Luxury yacht market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury yacht market vendors that include Alexander Marine International Co Ltd., Azimut Benetti SpA, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, FERRETTI SpA, Fincantieri Spa, Fr. Lurssen Werft GmbH, Heesen Yachts Sales BV, Horizon Yacht USA, Next Yacht Group S.R.l, Nobiskrug Yachts GmbH, Oceanco SAM, Overmarine Group Spa, Palmer Johnson, Palumbo Group Spa, Perini Navi Spa, Sanlorenzo Spa, Viking Yacht Co., and Westport Yachts. Also, the luxury yacht market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global Luxury Yacht Market 2018 - 2022
      • Table Historic Market Size - Data Table on Global Luxury Yacht Market 2018 - 2022 ($ million)
    • Type segment analysis 2018 - 2022
    • Application segment analysis 2018 - 2022
    • Geography segment analysis 2018 - 2022
    • Country segment analysis 2018 - 2022
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by Type
    • Market segments
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Data Table on Comparison by Type
    • Sail yachts - Market size and forecast 2023-2028
      • Table Data Table on Sail yachts - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Sail yachts - Year-over-year growth 2023-2028 (%)
    • Motor yachts - Market size and forecast 2023-2028
      • Table Data Table on Motor yachts - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Motor yachts - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Data Table on Comparison by Application
    • Commercial - Market size and forecast 2023-2028
      • Table Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • Private - Market size and forecast 2023-2028
      • Table Data Table on Private - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Private - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Data Table on Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2023-2028
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Increase in recreational tourism
      • Digital marketing and increasing social media use
      • Increase in HNWI population
    • Market challenges
      • High cost of operations
      • Conventional marketing style fades attraction toward yachting
      • Challenges and operational complexities in chartered luxury yacht industry
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Use of advanced materials
      • Focus of yacht makers on emerging markets
      • Emergence of alternative fuel in marine industry
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • Alexander Marine International Co Ltd.
    • Azimut Benetti SpA
    • Christensen Shipyards LLC
    • Damen Shipyards Group
    • Feadship Holland BV
    • FERRETTI SpA
    • Fr. Lurssen Werft GmbH
    • Heesen Yachts Sales BV
    • Horizon Yacht USA
    • Oceanco SAM
    • Overmarine Group Spa
    • Palmer Johnson
    • Palumbo Group Spa
    • Viking Yacht Co.
    • Westport Yachts
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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