Global Yachts Insurance Market Growth (Status and Outlook) 2024-2030

Global Yachts Insurance Market Growth (Status and Outlook) 2024-2030

Yacht insurance is a specialized type of marine insurance designed to provide coverage for yachts. It typically includes protection against a range of risks such as damage to the yacht itself (both in water and on land), theft, collision, and liability for damage or injury caused by the yacht. The coverage can vary greatly depending on the policy, including factors like the size and value of the yacht, where it is used, and whether it is used for private enjoyment or charter.

The global Yachts Insurance market size is projected to grow from US$ 2030 million in 2024 to US$ 2791 million in 2030; it is expected to grow at a CAGR of 5.4% from 2024 to 2030.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Yachts Insurance 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 Yachts Insurance.

The core manufacturers of global Yachts Insurance include Chubb, AIG and Markel. The top three companies have a market share of about 58%. In terms of product type, Standard Yacht Insurance is the largest segment with approximately 80% market share. In terms of application, Private Owners is the largest downstream segment, accounting for about 82% of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Yachts Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Standard Yacht Insurance
Luxury Yacht Insurance

Segmentation by Application:
Private Owners
Commercial Owners

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

Segmentation by Type:
Standard Yacht Insurance
Luxury Yacht Insurance

Segmentation by Application:
Private Owners
Commercial Owners

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.
Chubb
AIG
Markel
Travelers
American Modern Insurance
Great American Insurance
Progressive
The Hanover Insurance
AmFam

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