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.