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Luxury Yacht Market Set to Register 7.8% CAGR During 2018-2025 | Alexander Marine Co, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A.
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The luxury yacht market size was valued at $5,703.4 million in 2017 and is expected to reach $10,205.7 million by 2025, registering a CAGR of 7.8% from 2018 to 2025.
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.
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Companies Profiled in this report includes: Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company
The key factors that drive the growth of the luxury yacht market include change in lifestyle of people fueled by growth in high net worth individuals, rise in inclination toward recreational and leisure activities, and surge in trend of yacht tourism. Moreover, customized solutions according to specific requirements and designs have created new opportunities for the growth of the luxury yacht market. However, factors such as high maintenance and running cost are expected to impede the market growth. Furthermore, novel innovations such as advanced composites and multihull yachts have gained huge traction in the recent years, which in turn are anticipated to create lucrative opportunities for the market expansion in the upcoming future.
The global luxury yacht market is segmented based on size, type, and material. Based on size, the luxury yacht market is segmented into 75-120 feet, 121-250 feet, and above 250 feet. Based on type, the market is divided into sailing luxury yacht, motorized luxury yacht and others. Based on material, the market is analyzed across FRP/composites, metal/alloys and others. Based on region, it is studied across Americas, Europe, Asia-Pacific, and Middle East & Africa.
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KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global luxury yacht market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Table of Content:
Chapter: 1: INTRODUCTION
Chapter: 2: EXECUTIVE SUMMARY
Chapter: 3: MARKET LANDSCAPE
Chapter: 4: LUXURY YACHT MARKET BY SIZE
Chapter: 5: LUXURY YACHT MARKET BY TYPE
Chapter: 6: LUXURY YACHT MARKET BY MATERIAL
Chapter: 7: LUXURY YACHT MARKET BY REGION
Chapter: 8: COMPANY PROFILES
8.1. ALEXANDER MARINE CO LTD
8.2. DAMEN SHIPYARDS GROUP
8.3. AZIMUT BENETTI S.P.A.
8.4. FEADSHIP
8.5. FERRETTI S.P.A.
8.6 HORIZON YACHT USA
8.7 PRINCESS YACHTS INTERNATIONAL PLC
8.8. SANLORENZO SPA
8.9. SUNSEEKER INTERNATIONAL LIMITED
8.10. VIKING YACHT COMPANY
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