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Yacht Market 2023 : Trends, Business Growth And Major Driving Factors | Azimut Benetti, Brunswick Corporation, Christensen Shipyards Ltd., Alexander Marine International
Yacht Market
Yacht Market Size, Growth Rate, And Forecast
The global yacht market size grew from $8.32 billion in 2022 to $8.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 yacht market size is expected to grow to $11.07 billion in 2027 at a CAGR of 5.6%.
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Yacht Market Drivers
Growing demand for luxury tourism and sailing is expected to propel the demand for the yacht market. Luxury tourism focuses on offering a high level of comfort and quality, with no stress or hassle. It entails an elevated travel experience with minimal annoyance and maximum convenience.
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Yacht Market Segments
1) By Type: Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht, Other Types
2) By Length: Up to 20 Meters, 20-50 Meters, Above 50 Meters
3) By Propulsion: Motor, Sail
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Yacht market.
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Yacht Market Key Players
Major players in the yacht market are Azimut Benetti, Brunswick Corporation, Christensen Shipyards Ltd., Alexander Marine International, Damen Shipyards Group, Feadship, Ferretti, Viking Yacht Company, Princess Yachts Limited, Sunseeker International, Sanlorenzo SpA, Heesen Yachts, Fincantieri SpA, Horizon Yacht, Palumbo Group, and Bavaria Yachtbau GmbH.
The Business Research Company's "Global 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 Yacht Market Include:
1. Executive Summary
2. Yacht Market Characteristics
3. Yacht Market Trends And Strategies
4. Yacht Market - Macro Economic Scenario
5. Yacht Market Size And Growth
……
27. Yacht Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Yacht Market
29. Yacht Market Future Outlook and Potential Analysis
30. Appendix
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