Superyachts Market Development Trends, Competitive Landscape and Key Growth 2028

Superyachts are high-end luxury yachts that provide their owners with a wide variety of luxury and highly personalised comforts. The professionally customised yachts are ideal for private excursions, business activities, and lavish tours for a variety of people. Furthermore, the superyacht's significantly high price has contributed significantly to the penetration of certified pre-owned yachts into the global superyacht market. Furthermore, the size of the yacht has a significant impact on customization and inclusion on luxury yacht offerings.

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Companies Profiled in this report includes:  AMELS, BLOHM+VOSS, CHRISTENSEN SHIPYARDS LLC, S.P.A., HEESEN YACHTS B.V. FEADSHIP,  FINCANTIERI,  LURSSEN, NOBISKRUG, OCEANCO, PRINCESS YACHTS LIMITED

MARKET SEGMENTATION

  Based on hull, the global Superyachts market is segmented into mono hull, and multi hull

  On the basis of size, the market is segmented into up to 25 meters, 26-60 meters, 61-120 meters, and 121-200 meters.

MARKET DYNAMICS

Drivers:

  Number of rising high-net worth individuals and popularity of yacht

  Swift popularity of luxury yacht trips popular tourist destinations and rental services

Restraints

  High cost associated with superyachts.

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IMPACT OF COVID-19 ON SUPERYACHTS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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