Global Luxury Yacht Market Study Analysis: Motorized Luxury Yacht segment will boost the growth of the market in the forecast period

The global Luxury Yacht market size was valued at $ 5,703.5 Million in 2017 and is expected to reach $ 10,205.8 Million by 2025 growing at the CAGR of 7.9% from 2018 to 2025. Luxury yachts are generally available for leasing as well as private purposes to provide a seamless luxurious experience full of high standards and comfort. These yachts are conventionally manufactured using woods, fiber-reinforced polymers, and composites which are gaining huge popularity in recent years.

To request a free sample, Go To: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=006999

Global Luxury Yacht Market Drivers And Restrain:
The main contributors to the growth of the Luxury Yacht market are increasing advertising and promotional and rising disposable income, among others.

Increase in Income and standard of living
Nowadays, there is an increase in demand for luxurious travel. Due to the increase in income and standard of living of people luxurious traveling is getting into the trend. Customers with high disposable income prefer luxurious yachts with various facilities rather than normal yachts to travel.
The market is hampered by strict government regulation and environmental policies accompanied by high maintenance costs.

Impact Of COVID-19 on the Luxury Yacht Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Luxury Yacht Market Segments:
The global Luxury Yacht market is further segmented into size, type, material, and geography.
By Size: 75-120 feet, 121-250 feet, and Above 250 feet
By Type: Sailing luxury Yacht, Motorized Luxury Yacht, and Others
By Material: FRP/Composites, Metal/Alloys, and Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
Europe dominates the Global Luxurious Yacht Market and is expected to maintain dominance throughout the forecast period.

Key Players of Global Luxury Yacht Market:
• 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
• Viking Yacht Company

For Any Query or Customization, Ask Our Industry Experts@https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=006999

Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Luxury Yacht Market
• Value Chain Analysis of Global Luxury Yacht Market
• What is the CAGR of the global Luxury Yacht Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.

This release was published on openPR.