Luxury Yacht Market Analysis, Size, Growth, Trends and Industry Report 2023-2028

The latest report published by IMARC Group, titled "Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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.

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Luxury Yacht Market Trends:

The luxury yacht market is undergoing dynamic expansion, propelled by increasing consumer affluence and a rising interest in marine leisure activities. The embracing of cutting-edge technologies, such as automation and Artificial Intelligence (AI), serves as key drivers of this growth. Sectors as diverse as hospitality and corporate events are increasingly incorporating luxury yachts into their offerings for unique experiences and high-quality services. The adaptability of these watercraft makes them essential for various pursuits, from private vacations to corporate events, and even underwater exploration. Design innovation is another influential factor in this market, as the incorporation of advanced materials like carbon fiber and marine-grade aluminum results in yachts that are not only aesthetically superior but also highly functional and seaworthy.

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

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

Industry Application:

A luxury yacht is a privately-owned vessel that is primarily used for leisure and is equipped with amenities and features that cater to an extravagant lifestyle. These yachts are often characterized by their exceptional length, generally exceeding 75 feet, and are customarily built with advanced materials like carbon fiber or high-grade steel and aluminum for optimum performance. One of the distinguishing characteristics of luxury yachts is their focus on comfort, style, and a range of onboard amenities. These typically include spacious decks, state-of-the-art navigational systems, opulent interior design with high-end furnishings, and multiple recreational options such as swimming pools, hot tubs, and gyms. Onboard features often extend to fine dining facilities, cinemas, and even helipads.

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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