Global Yacht Market 2024-2028
The yacht market is forecasted to grow by USD 4055 mn during 2023-2028, accelerating at a CAGR of 7.44% during the forecast period. The report on the 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 growing popularity of recreational tourism, increasing hnwi population, and increasing eco-friendly yacht demand.
Technavio's yacht market is segmented as below:
By Type
By Application
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increased demand for superyachts as one of the prime reasons driving the yacht market growth during the next few years. Also, technological advancement in yachts and impact of social media on sales of yacht will lead to sizable demand in the market.
The report on the yacht market covers the following areas:
- Yacht market sizing
- Yacht market forecast
- Yacht market industry analysis
The robust 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 yacht market vendors that include Alexander Marine International Co Ltd., Azimut Benetti SpA, Cantieri Navali Codecasa Tre SpA, Dalian Wanda Group, Damen Shipyards Group, Feadship Holland BV, Fincantieri Spa, Flensburger Schiffbau Gesellschaft mbH, Fr. Lurssen Werft GmbH, Heesen Yachts Sales BV, Horizon Yacht USA, KPS Capital Partners LP, Oceanco SAM, Overmarine Group Spa, Palmer Johnson, Palumbo Group Spa, Sanlorenzo Spa, THE ITALIAN SEA GROUP SpA, Viking Yacht Co., and Westport Yachts. Also, the 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.
The publisher 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 research - both primary and secondary. 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 the accurate market growth.