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Luxury Yacht Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Feadship, Azimut Benetti SPA, Ferretti SPA, Damen Shipyards Group, Viking Yacht Company
Luxury Yacht Global Market
Luxury Yacht Market Size, Growth Rate, And Forecast
The global luxury yacht market size is expected to grow from $6.30 billion in 2022 to $6.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global luxury yacht market size is expected to grow to $9.61 billion in 2027 at a CAGR of 8.7%.
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Luxury Yacht Market Drivers
A surge in tourism and recreational activities is expected to propel the growth of the luxury yacht market going forward. Tourism refers to the act and process of spending time away from home in pursuit of recreation, relaxation, and pleasure while making use of the commercial provision of services. Luxury yacht helps in tourism and recreational activities by cruising, fishing, remote exploration, and practice of natural and other nautical. The luxury yacht provides well-equipped and advanced cabins, dining, and staterooms for tourism and recreational activities which increases the demand for a yacht among the tourist.
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Luxury Yacht Market Segments
• By Type: Motor Yacht, Sailing Yacht, Other Types
• By Size: Less Than 50 Meters, 50-100 Meters, 100-150 Meters, More Than 150 Meters
• By Hull Material: Fiber Reinforced Polymers And Composites, Metals And Alloys, Other Hull Materials
• By Application: Commercial, Private
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Luxury Yacht market.
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Luxury Yacht Market Key Players
Major competitors in the Luxury Yacht market include Feadship, Azimut Benetti SPA, Ferretti SPA, Damen Shipyards Group, Viking Yacht Company, Blohm+Voss, Hessen Yachts, Sunseeker
The Business Research Company's "Global Luxury Yacht Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Luxury Yacht Market Include:
1. Executive Summary
2. Luxury Yacht Market Characteristics
3. Luxury Yacht Market Trends And Strategies
4. Luxury Yacht Market - Macro Economic Scenario
5. Luxury Yacht Market Size And Growth
………
27. Luxury Yacht Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Luxury Yacht Market
29. Luxury Yacht Market Future Outlook and Potential Analysis
30. Appendix
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