At 5.3% CAGR Superyacht Market To Grow Owing To Fastest Growing Travel & Tourism Sector

The global superyacht market was valued at US$ 22.5 billion in 2017, and is projected to reach US$ 35.5 billion by 2026, exhibiting a CAGR of 5.3% during the forecast period. According to Coherent Market Insights, there were nearly 4,476 superyachts (fleet) in the world in 2016, in which around a quarter only were available for charter. At the same time, there were over 200,000 ultra-high net-worth (UHNW) households, which means that there is a large opportunity for the yacht industry to see strong growth during the forecast period (2018-2026).

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Significant rise in the number of new superyacht launches by prominent boat manufacturers in countries of Europe such as France, is another key factor for growth of the superyacht market. For instance, in July 2018, Abeking & Rasmussen, a yacht building company, launched KIBO, an 82m/268ft luxury yacht, in France charter market.

North America is expected to hold the largest market share in the superyacht market followed by Europe, while Asia Pacific is expected to witness the fastest growth during the forecast period. Presence of large number of prominent boat manufacturers and boat maintenance & service providers in North America and increasing demand of 40-80 meter sailing and motor superyachts are some of the key factors driving growth of the market. In Asia Pacific, the highest growth can be attributed to the increasing number of tourists from emerging economies of Asia Pacific such as China and India.

Some of the key players operating in the global superyacht market include Amels, Blohm+Voss, Christensen Shipyards, Feadship, Fincanteri, Heesen Yachts, Lurssen, Nobiskrug, Oceanco, Perini Navi, Sunseeker Yachts, Holland Jachtbouw, Royal Huisman, Moonen Shipyards, Mulder Shipyards, and Benetti Yachts.

Key Features of Market Research Report:

1. Examined various attributes of Market including growth and constraining factors, emerging technological advancement, opportunities and leading segments of the industry

2. Precise summary of key players operating in the market with the maximum Market share in terms of end-user demands, restraining factors, revenue, sales, products, post-sale processes and regulatory compliance through their reliable services

3. Diverse ranges of elements such as production capacity, price, demand, supply chain/logistics, profit/loss, material parameters/specifications, and the growth factor have been reviewed in the Market report

4. Rising trend of globalization, government regulations and environmental concerns, technological advancement, exceeding capacity in developed markets, and product escalation are studied in the Market report

5. Additionally, various analysis tools have been employed to identify the global player’s growth along with macro and micro-economic trends such as investment return and feasibility analysis, new project SWOT analysis and development trend analysis

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The "Superyacht Market Report" is thoroughly designed with diagrams, graphs, and realistic figures which specify the status of the specific industry on the global and regional level. Exhaustive analytical data about Market such as forecast share, recent R&D development, expert opinion from credible sources has been covered. Moreover, global Market analysis, competitive landscape analysis, and global economy analysis are also evaluated in the report.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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