Global Luxury Yacht Market Growth 2023-2029

Global Luxury Yacht Market Growth 2023-2029

Yachts with length greater than 79 feet are known as luxury yachts. They are mainly used for recreational purposes which are equipped with modern convenience features such as ACs, TV, navigation aids, radar, echo-sounding, autopilot, and reliable power generating systems.

LPI (LP Information)' newest research report, the “Luxury Yacht Industry Forecast” looks at past sales and reviews total world Luxury Yacht sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Yacht sales for 2023 through 2029. With Luxury Yacht sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Yacht industry.

This Insight Report provides a comprehensive analysis of the global Luxury Yacht landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Yacht portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Yacht market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Yacht and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Yacht.

The global Luxury Yacht market size is projected to grow from US$ 10860 million in 2022 to US$ 16680 million in 2029; it is expected to grow at a CAGR of 16680 from 2023 to 2029.

Europe is the largest Luxury Yacht market with about 54% market share. Asia-Pacific is follower, accounting for about 21% market share.

The key players are Azimut/Benetti, Sunseeker, Sanlorenzo, Feadship, Oceanco, Ferretti Group, Princess Yachts, Amels / Damen, Horizon, Westport, Overmarine, Trinity Yachts, Heesen Yachts, Lürssen, Cerri - Baglietto etc. Top 3 companies occupied about 43% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Yacht market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Motor Luxury Yachts

Sailing Luxury Yachts

Segmentation by application

Private Use

Commercial Use

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Azimut/Benetti

Sunseeker

Sanlorenzo

Feadship

Oceanco

Ferretti Group

Princess Yachts

Amels / Damen

Horizon

Westport

Overmarine

Trinity Yachts

Heesen Yachts

Lürssen

Cerri - Baglietto

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Yacht market?

What factors are driving Luxury Yacht market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Luxury Yacht market opportunities vary by end market size?

How does Luxury Yacht break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.