Yacht Market

Global Yacht Market Size, Trends & Analysis - Forecasts to 2027 By Type (Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht), By Propulsion (Motor Yacht, Sailing Yacht), By Yacht length (Up to 20 Meters, 20 - 50 Meters, Above 50 Meters), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Share Analysis, and Competitor Analysis

Category Automotive & Transportation

Format

This report was recently updated on September 1 2024 with the latest and most recent market numbers

Global Yacht Market Size

The global yacht market is projected to grow at a CAGR value of 5.6% from 2022 to 2027.

Rapid urbanization and substantial expansion in the leisure tourism industry are two major factors influencing the market's optimistic perspective. Additionally, the increased popularity of remote adventures is fostering industry expansion.

The major driving forces expected to influence market expansion are the demand for yachts has been growing steadily in recent years as individuals' disposable income has increased, as has their preference for leisure or recreational activities. The key factors driving yacht sales are the rising desire from visitors for luxury vacation cruises, individualized services, and exclusive experiences. To improve performance and the customer experience, manufacturers stress the addition of luxuries and private facilities.

Individuals worldwide are becoming increasingly interested in leisure, sports, and great experiences. Yacht fleet operators rent luxury vessels for business meetings, recreational activities, and gatherings.

Furthermore, yachts' attractive designs and structures encourage people to spend time on ships for personal and business activities. Other factors, such as increased consumer spending capacity and alternative fuels in the maritime industry, are also important. It is going to propel market expansion in the global market.

Many luxury yacht manufacturers also hire yachts for tourists to visit different coastlines and islands while maintaining high standards and comfort.

To create cutting-edge boats, businesses are spending more on research and development.

Increases in alternative energy sources, the number of wealthy clients, and the several private islands on luxury cruise itineraries all contribute to the growth of the yacht charter industry. The increasing demand for yacht rentals and private yacht cruises are expected to increase the demand for yachts

The major market restraint in the yacht market is that yachts are prone to accidents on the sea.

global yacht market

COVID-19 Impact on Global Yacht Market

COVID-19 is wreaking havoc on the world's markets, businesses, and economies, impacting people's lives, interactions, and business practices. As companies turn their attention away from development possibilities and toward taking drastic measures to lessen the effects of the COVID-19 outbreak, the capacity to endure has become the new norm. The aviation and maritime sectors have suffered as a result of the COVID-19 epidemic. This damaging effect is due to the rapidity with which the countries limited travel activities, closed borders, and saw a significant decline in economic activity. There has been an increase in the number of countries closing their borders partially or entirely and increased awareness of the traveling activities that can cause a traveler to contract or disseminate a virus. As international borders are opening up and countries are again promoting international tourism and allowing people to indulge in recreational activities, the global yacht market is expected to pick up the momentum.

Ukraine-Russia War Impact on the Maritime Industry

The maritime industry has been affected by the disruptions caused by the Ukraine-Russia war. The war has shut off trade routes and cruise routes. The seizure of assets of Russian oligarchs by foreign countries has also led to a fall in the demand for yachts. A Russian blockade of the Black Sea trade routes has had severe impacts on the maritime industry.

Global Yacht Market: By Type

The sport yacht segment is expected to be the fastest-growing segment in the global market. The increasing demand for sports yachts in nations like China, Morocco, the US, and France is responsible for the segment's growth. In these nations, adults have been actively engaging in sporting events and leisure sailing activities. Sports yachts are used for maritime activities in the tourism industry, sporting events, and other leisure pursuits including sailing, angling, and other water sports.

Global Yacht Market: By Propulsion

The motor yacht segment is expected to hold the largest share of the market during the forecasted period. The advantages offered by these yachts, comprising of high speeds and power as well as a broad range of distance coverage, have led to a significant market share of the motor yacht segment. People also appreciate these yachts because of the latest systems and equipment that are installed on them. The strong sales of such boats on the global market are largely due to modern equipment.

Global Yacht Market: By Yacht length

The 20 - 50 meters segment is expected to be the fastest-growing market during the forecasted period. Low maintenance costs and light wind sailing capabilities, which assist save fuel and ensure passage in a favorable wind direction, are contributing to the segment's growth. Furthermore, advantages such as cheaper moorage expenses and short draughts for water anchorages make this length size a popular choice among customers.

asia pacific yacht market

Global Yacht Market: By Region

During the forecasted period, the North American region is expected to be the dominant force in the global yacht market. The major factors driving the market growth are rising technological improvements in the region, increasing share of higher-income individuals, and growing participation of people in recreational activities is likely to propel the market in the region—increased number of yachts companies in the region, especially in the United States, Canada, and Mexico.

Moreover, the Asia Pacific region is estimated to be the fastest-growing region in the global yacht market. The global yacht market is growing due to increasing urbanization and increased standard of living. Additionally, it is anticipated that the soaring demand for leisure activities, which is being fueled by people's increased participation in maritime leisure activities in nations like the Maldives, Singapore, Thailand, Indonesia, China, and India, will further support the growth of the regional market.

Global Yacht Market Share and Competitor Analysis

Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a, Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), Princess Yachts Limited, Viking Yacht Company, and others are the key players in the global yacht market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Research Methodology

1.1 Research Assumptions

1.2 Research Methodology

1.2.1 Estimates and Forecast Timeline

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 GME’s Internal Database

1.3.3 Primary Research

1.3.4 Secondary Sources & Third-Party Perspectives

1.3.4.1 Company Information Sources

1.3.4.2 Secondary Data Sources

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Data Visualization

1.6 Data Validation & Publishing

1.7 Market Model

1.7.1 Model Details

1.7.1.1 Top-Down Approach

1.7.1.2 Bottom-Up Approach

1.8 Market Segmentation & Scope

1.9 Market Definition

Chapter 2 Executive Summary

2.1 Global Market Outlook

2.2 By Yacht length Outlook

2.3 By Type Outlook

2.4 By Propulsion Outlook

2.5 Regional Outlook

Chapter 3 Global Yacht Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Yacht Market

3.4 Metric Data based on the industry

3.5 Market Dynamic Analysis

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6 Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4 Yacht Market: Yacht length Trend Analysis

4.1 Yacht length: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2 Up to 20 Meters

4.2.1 Market Estimates & Forecast Analysis of Up to 20 Meters Segment, By Region, 2019-2027 (USD Billion)

4.3 20 - 50 Meters

4.3.1 Market Estimates & Forecast Analysis of 20 - 50 Meters Segment, By Region, 2019-2027 (USD Billion)

4.4 Above 50 Meters

4.3.1 Market Estimates & Forecast Analysis of Above 50 Meters Segment, By Region, 2019-2027 (USD Billion)

Chapter 5 Yacht Market: By Propulsion Trend Analysis

5.1 By Propulsion: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2 Motor Yacht

5.2.1 Market Estimates & Forecast Analysis of Motor Yacht, By Region, 2019-2027 (USD Billion)

5.3 Sailing Yacht

5.3.1 Market Estimates & Forecast Analysis of Sailing Yacht Market Segment, By Region, 2019-2027 (USD Billion)

Chapter 6 Yacht Market: By Type Trend Analysis

6.1 By Type: Historic Data vs. Forecast Data Analysis, 2022 vs. 2027

6.2 Super Yacht

6.2.1 Market Estimates & Forecast Analysis of Super Yacht Segment, By Region, 2019-2027 (USD Billion)

6.3 Flybridge Yacht

6.3.1 Market Estimates & Forecast Analysis of Flybridge Yacht Segment, By Region, 2019-2027 (USD Billion)

6.4 Sport Yacht

6.4.1 Market Estimates & Forecast Analysis of Sport Yacht Segment, By Region, 2019-2027 (USD Billion)

6.5 Long Range Yacht

6.5.1 Market Estimates & Forecast Analysis of Long Range Yacht Segment, By Region, 2019-2027 (USD Billion)

6.6 Others

6.6.1 Market Estimates & Forecast Analysis of Others Segment, By Region, 2019-2027 (USD Billion)

Chapter 7 Yacht Market, By Region

7.1 Regional Outlook

7.2 North America

7.2.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.2.2 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.2.3 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.2.4 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.2.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.2.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.2.6.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.2.6.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.7 Mexico

7.5.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3 Europe

7.3.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.3.2 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.3 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.4 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.6 UK

7.3.6.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.6.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.6.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.7 France

7.3.7.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.7.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.7.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.8 Russia

7.3.8.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.8.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.8.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.9.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.9.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.11 Rest of Europe

7.3.11.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.11.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.11.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.4.2 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.3 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.4 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.5 China

7.4.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.6 India

7.4.6.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.6.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.6.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.7.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.7.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.8.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.8.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.4.9.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.4.9.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.10 Rest of Asia Pacific

7.3.10.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5 Central & South America

7.5.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.5.2 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.5.3 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.5.4 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.6 Rest of Central & South America

7.5.6.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.5.6.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.5.6.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6 Middle East & Africa

7.6.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.6.2 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.6.3 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.6.4 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.6.5.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.6.5.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.6 United Arab Emirates

7.6.6.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.6.6.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.6.6.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.6.7.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.6.7.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.8 Rest of Middle East & Africa

7.5.8.1 Market Estimates & Forecast Analysis, By Yacht length, 2019-2027 (USD Billion)

7.5.8.2 Market Estimates & Forecast Analysis, By Propulsion, 2019-2027 (USD Billion)

7.5.8.3 Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

Chapter 8 Competitive Analysis

8.1 Key Global Players, Recent Developments & their Impact on the Industry

8.2 Four Quadrant Competitor Positioning Matrix

8.2.1 Key Innovators

8.2.2 Market Leaders

8.2.3 Emerging Players

8.2.4 Market Challengers

8.3 Vendor Landscape Analysis

8.4 End-User Landscape Analysis

8.5 Company Market Share Analysis, 2021

Chapter 9 Company Profile Analysis

9.1 Azimut Benetti S.p.A.

9.1.1 Company Overview

9.1.2 Financial Analysis

9.1.3 Strategic Initiatives

9.1.4 Product Benchmarking

9.2 Damen Shipyards Group

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Initiatives

9.2.4 Product Benchmarking

9.3 Heesen Group

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Initiatives

9.3.4 Product Benchmarking

9.4 The San Lorenzo S.p.a

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Initiatives

9.4.4 Product Benchmarking

9.5 Sunseeker International

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Initiatives

9.5.4 Product Benchmarking

9.6 Ferretti S.p.A.

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Initiatives

9.6.4 Product Benchmarking

9.7 Alexander Marine International Co., Ltd. (AMI)

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Initiatives

9.7.4 Product Benchmarking

9.8 Princess Yachts Limited

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Initiatives

9.8.4 Product Benchmarking

9.9 Viking Yacht Company

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Initiatives

9.9.4 Product Benchmarking

9.10 Other Companies

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Initiatives

9.10.4 Product Benchmarking

List of Tables

1 Technological Advancements in Yacht Market

2 Global Yacht Market: Key Market Drivers

3 Global Yacht Market: Key Market Challenges

4 Global Yacht Market: Key Market Opportunities

5 Global Yacht Market: Key Market Restraints

6 Global Yacht Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Yacht Market, Yacht length, 2019-2027 (USD Billion)

8 Up to 20 Meters: Global Yacht Market, By Region, 2019-2027 (USD Billion)

9 20 - 50 Meters: Global Yacht Market, By Region, 2019-2027 (USD Billion)

10 Above 50 Meters: Global Yacht Market, By Region, 2019-2027 (USD Billion)

11 Global Yacht Market, By Propulsion, 2019-2027 (USD Billion)

12 Motor Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

13 Sailing Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

14 Global Yacht Market, By Type, 2019-2027 (USD Billion)

15 Super Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

16 Flybridge Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

17 Sport Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

18 Sport Yacht: Global Yacht Market, By Region, 2019-2027 (USD Billion)

19 Others: Global Yacht Market, By Region, 2019-2027 (USD Billion)

20 Regional Analysis: Global Yacht Market, By Region, 2019-2027 (USD Billion)

21 North America: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

22 North America: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

23 North America: Yacht Market, By Type, 2019-2027 (USD Billion)

24 North America: Yacht Market, By Country, 2019-2027 (USD Billion)

25 U.S: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

26 U.S: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

27 U.S: Yacht Market, By Type, 2019-2027 (USD Billion)

28 Canada: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

29 Canada: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

30 Canada: Yacht Market, By Type, 2019-2027 (USD Billion)

31 Mexico: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

32 Mexico: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

33 Mexico: Yacht Market, By Type, 2019-2027 (USD Billion)

34 Europe: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

35 Europe: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

36 Europe: Yacht Market, By Type, 2019-2027 (USD Billion)

37 Europe: Yacht Market, By Country, 2019-2027 (USD Billion)

38 Germany: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

39 Germany: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

40 Germany: Yacht Market, By Type, 2019-2027 (USD Billion)

41 UK: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

42 UK: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

43 UK: Yacht Market, By Type, 2019-2027 (USD Billion)

44 France: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

45 France: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

46 France: Yacht Market, By Type, 2019-2027 (USD Billion)

47 Italy: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

48 Italy: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

49 Italy: Yacht Market, By Type, 2019-2027 (USD Billion)

50 Spain: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

51 Spain: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

52 Spain: Yacht Market, By Type, 2019-2027 (USD Billion)

53 Rest Of Europe: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

54 Rest Of Europe: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

55 Rest Of Europe: Yacht Market, By Type, 2019-2027 (USD Billion)

56 Asia Pacific: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

57 Asia Pacific: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

58 Asia Pacific: Yacht Market, By Type, 2019-2027 (USD Billion)

59 Asia Pacific: Yacht Market, By Country, 2019-2027 (USD Billion)

60 China: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

61 China: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

62 China: Yacht Market, By Type, 2019-2027 (USD Billion)

63 India: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

64 India: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

65 India: Yacht Market, By Type, 2019-2027 (USD Billion)

66 Japan: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

67 Japan: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

68 Japan: Yacht Market, By Type, 2019-2027 (USD Billion)

69 South Korea: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

70 South Korea: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

71 South Korea: Yacht Market, By Type, 2019-2027 (USD Billion)

72 Middle East & Africa: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

73 Middle East & Africa: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

74 Middle East & Africa: Yacht Market, By Type, 2019-2027 (USD Billion)

75 Middle East & Africa: Yacht Market, By Country, 2019-2027 (USD Billion)

76 Saudi Arabia: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

77 Saudi Arabia: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

78 Saudi Arabia: Yacht Market, By Type, 2019-2027 (USD Billion)

79 UAE: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

80 UAE: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

81 UAE: Yacht Market, By Type, 2019-2027 (USD Billion)

82 Central & South America: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

83 Central & South America: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

84 Central & South America: Yacht Market, By Type, 2019-2027 (USD Billion)

85 Central & South America: Yacht Market, By Country, 2019-2027 (USD Billion)

86 Brazil: Yacht Market, By Yacht length, 2019-2027 (USD Billion)

87 Brazil: Yacht Market, By Propulsion, 2019-2027 (USD Billion)

88 Brazil: Yacht Market, By Type, 2019-2027 (USD Billion)

89 Azimut Benetti S.p.A.: Products Offered

90 Damen Shipyards Group: Products Offered

91 Heesen Group: Products Offered

92 The San Lorenzo S.p.a: Products Offered

93 Sunseeker International: Products Offered

94 Ferretti S.p.A.: Products Offered

95 Viking Yacht Company: Products Offered

96 Alexander Marine International Co., Ltd. (AMI): Products Offered

97 Princess Yachts Limited: Products Offered

98 Other Companies: Products Offered

List of Figures

1. Global Yacht Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Yacht Market: Penetration & Growth Prospect Mapping

7. Global Yacht Market: Value Chain Analysis

8. Global Yacht Market Drivers

9. Global Yacht Market Restraints

10. Global Yacht Market Opportunities

11. Global Yacht Market Challenges

12. Key Yacht Market Manufacturer Analysis

13. Global Yacht Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Azimut Benetti S.p.A.: Company Snapshot

16. Azimut Benetti S.p.A.: Swot Analysis

17. Damen Shipyards Group: Company Snapshot

18. Damen Shipyards Group: Swot Analysis

19. Heesen Group: Company Snapshot

20. Heesen Group: Swot Analysis

21. The San Lorenzo S.p.a: Company Snapshot

22. The San Lorenzo S.p.a: Swot Analysis

23. Sunseeker International: Company Snapshot

24. Sunseeker International: Swot Analysis

25. Viking Yacht Company: Company Snapshot

26. Viking Yacht Company: Swot Analysis

27. Alexander Marine International Co., Ltd. (AMI): Company Snapshot

28. Alexander Marine International Co., Ltd. (AMI): Swot Analysis

29. Princess Yachts Limited: Company Snapshot

30. Princess Yachts Limited: Swot Analysis

31. Ferretti S.p.A.: Company Snapshot

32. Ferretti S.p.A.: Swot Analysis

33. Other Companies: Company Snapshot

34. Other Companies: SWOT Analysis

The Global Yacht Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Yacht Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global yacht market?

The global yacht market is projected to grow at a CAGR value of 5.6% from 2022 to 2027.

Who are the major vendors in the global yacht market?

What is the Covid-19 impact on future global yacht market?

COVID-19 is wreaking havoc on the worlds markets, businesses, and economies, impacting peoples lives, interactions, and business practices. The ability to sustain has become the new normal as organizations shift their focus away from development prospects and toward implementing extreme steps to limit the impact of the COVID-19 epidemic. The COVID-19 outbreak has had a detrimental influence on the aviation and shipping industries. This damaging effect is due to the rapidity with which the countries limited travel activities, closed borders, and saw a significant decline in economic activity. There has been an increase in the number of countries closing their borders partially or entirely and increased awareness of the traveling activities that can cause a traveler to contract or disseminate a virus. As the international borders are opening up and countries are again promoting international tourism and allowing people to indulge in recreational activities, the global yacht market is expected to pick up the momentum.

What are the major drivers in the global yacht market?

The major driving forces expected to influence market expansion are the demand for yachts has been growing steadily in recent years as individuals disposable income has increased, as has their preference for leisure or recreational activities. The increased demand of tourists for luxury tourism, personalized service, and exclusive travel are the main drivers of yacht sales. Manufacturers emphasize the inclusion of luxury elements to increase performance and customer experience.

What is the impact of the Ukraine-Russia war on the global maritime industry?