The Luxury Yacht Market is expected to register a CAGR of 7.35% during the forecast period.
The market is valued at USD 11.6 million and is expected to reach USD 18.1 million during the forecast period.
The Luxury Yacht market is fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Luxury Yacht market are Sinot Yacht, Feadship, Fr. Lürssen Werft GmbH & Co.KG, Fincantieri Yachts, and ISA Yachts. Many players are investing in new technologies to gain the upper hand over their competition and focusing on new launches.
For instance, in August 2023, Turkish builder Mazu Yacht launched the first unit in its 28.5-metre Mazu 92 DS series.
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