Press release
United States Luxury Yacht Market Industry Growth Analysis and Forecast 2022-2027
A luxury yacht refers to a professionally crewed marine vessel that is either sailed or motor-driven. It is usually privately owned, chartered or rented by private entities. With an opulent appearance, the luxury yacht is well-equipped with sophisticated facilities, such as sun pads, sauna, gymnasium, jacuzzi and spa, to offer a luxurious experience and high standards of comfort. In the United States, luxury yachts are provided on lease for recreational activities, events and business meetings.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
United States Luxury Yacht Market Trends:
The United States luxury yacht market is primarily driven by the rising investments in yachts due to improving lifestyles and rising disposable incomes. Additionally, consumers are increasingly engaging in marine recreational activities and seeking luxurious experiences, which has bolstered the market growth. Furthermore, several key players are introducing innovative components and modern designs to enhance the performance, durability and safety of luxury yachts, thereby escalating their demand across the country. Other factors, including the emerging trend of remote explorations and growing usage of advanced structural materials like fiberglass, are also anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States luxury yacht market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, size, material and application.
Breakup by Type:
Sailing Luxury Yacht
Motorized Luxury Yacht
Others
Breakup by Size:
75-120 Feet
121-250 Feet
Above 250 Feet
Breakup by Material:
FRP/ Composites
Metal/ Alloys
Others
Breakup by Application:
Commercial
Private
Breakup by Region:
Northeast
Midwest
South
West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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