United States Luxury Yacht Market Size to Reach US$ 4.7 Billion at 9.7% CAGR by 2028

The latest report by IMARC Group, titled "United States Luxury Yacht Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The United States luxury yacht market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.

A luxury yacht is a symbol of elegance, sophistication, and luxury, designed with opulent cabins, gourmet kitchens, high-end entertainment systems, and luxurious outdoor spaces. It also includes sophisticated amenities such as a jacuzzi, spa, gymnasium, sauna, and sun pads, offering an extraordinary experience for owners and guests. This indulgent lifestyle on the open seas is in high demand in the United States, not only for leisure but also for business meetings, recreation, and social events.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-luxury-yacht-market/requestsample

United States Luxury Yacht Market Trends and Drivers:

The presence of the coastline and numerous desirable cruising destinations in the United States make it an ideal market for luxury yacht ownership and chartering. Along with this, the increasing number of travelers exploring the pristine waters of the Caribbean, the Mediterranean-like coastlines of Florida, or the picturesque landscapes of New England, is contributing to market growth. Furthermore, technological advancements in design and construction and the development of innovative yachts with enhanced features and cutting-edge amenities are catering to the evolving tastes and preferences of luxury yacht enthusiasts. Additionally, the integration of advanced navigation systems and eco-friendly propulsion options, and wellness facilities into luxury yachts are favoring the market growth. Besides this, the rising demand for sustainable yachting practices in the United States, coupled with an increasing focus on eco-friendly initiatives and reduced carbon footprints, is offering lucrative opportunities to manufacturers. Moreover, the rising demand for yachts with energy-efficient solutions, alternative fuels, and environmentally friendly features is driving the market.

Report Segmentation:

The report has segmented the market into the following categories:

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.

Explore full report with table of contents: https://www.imarcgroup.com/united-states-luxury-yacht-market

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.

Contact Us:

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

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.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.