Luxury Yacht Market: Global Industry Outlook, Size (US$ 12.7 Billion), Share, Growth (CAGR of 9.8%), Top Companies Analysis and Research Report 2023-2028

According to IMARC Group's latest report, titled "Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.

Luxury Yacht Market Trends:

The increasing spending of consumers on recreational and leisure activities on account of the inflating per capita income represents one of the primary factors accelerating the luxury yacht market growth. Additionally, governments of various nations are lowering marine resort taxes and facilitating effortless leasing procedures to promote tourism, which is another factor bolstering the market growth. Besides this, the increasing use of luxury yachts at weddings, promotional events, and meetings and the rising coastal and marine tourism is providing a considerable thrust to the market growth. Moreover, the surging number of high-net-worth individuals (HNWI) and the development of yachts with customized solutions are creating a positive outlook for the market.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/luxury-yacht-market/requestsample

Competitive Landscape With Key Players:

The competitive landscape of the luxury yacht market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Alexander Marine International
• Azimut - Benetti S.P.A.
• Brunswick Corporation
• Christensen Shipyards LLC
• Damen Shipyards Group N.V.
• Feadship Holland B.V.
• Fincantieri S.p.A. (CDP Industria S.p.A.)
• Heesen Yachts Sales B.V
• Horizon Yacht USA
• Palumbo Group S.P.A
• Princess Yachts Limited
• Sanlorenzo S.p.A.
• Sunseeker International (Wanda Group)
• Viking Yacht Company

Industry Definition and Application:

A luxury yacht is a professionally crewed marine vessel that is either sailed or driven and operated using a propulsion system such as an internal combustion engine (ICE) or gas turbine. It is opulent in appearance and is mainly used for private and charter requirements, as it offers a seamless luxury experience with high standards of comfort. It is manufactured from reinforced polymers, wood, and composites that offer a broad range of properties, such as low maintenance costs, a high strength-to-weight ratio, and resistance to corrosion. It can also be operated at various speed levels using an electronically controlled fuel injection system, which reduces carbon emissions, noise, and vibrations produced by the yachts.

Key Market Segmentation:

The report has segmented the global luxury yacht market based on type, size, material, application and region.

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:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2280&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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