Luxury Yacht Market Growth Trends, Strategic Report, Key Drivers Segmentation And Forecast To 2032

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The Business Research Company's latest "Global Luxury Yacht Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The global luxury yacht market reached a value of nearly $6,300.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.6% since 2017. The market is expected to grow from $6,300.0 million in 2022 to $9,610.0 million in 2027 at a rate of 8.8%. The market is then expected to grow at a CAGR of 9.6% from 2027 and reach $15,210.0 million in 2032.

Growth in the historic period resulted from the strong economic growth in emerging markets, the increase in spending on recreational activities, the increasing social media use and the rise in leisure trips.

Going forward, the increasing government support, the rising urbanization, the growing tourism, the growing population, and the increasing number of high-net-worth individuals will drive the market. Factors that could hinder the growth of the luxury yacht market in the future include the impact of the Russia-Ukraine War and the rising interest rates globally.

Luxury yachts refer to high-end, crewed sailing vehicles with advanced technological features used for recreational activities. Luxury yachts are a symbol of wealth, prestige, and indulgence. They provide a platform for luxurious getaways, exploration of coastal destinations, and memorable experiences on the water.

The luxury yacht market consists of sales, by entities (organizations, sole traders, and partnerships), of luxury yachts that are recreational vessels designed for pleasure cruising and leisure activities. A luxury yacht is privately owned and offers an extravagant and exclusive experience to its owners and guests. Luxury yachts are known for their opulent features, exquisite craftsmanship, and exceptional amenities.

Yacht manufacturers are focusing on using artificial intelligence (AI) to develop advanced products and improve efficiency. The potential of artificial intelligence (AI) is revolutionizing the luxury yacht industry by taking the thrill of ocean cruising to new heights. AI is quickly becoming a vital tool for yacht owners and charter firms aiming to provide their clients with the ultimate in luxury and ease. With the potential to revolutionize everything from route planning to onboard entertainment, AI is becoming increasingly important. For example, in April 2023, Rossinavi, an Italy-based shipyard that specializes in the construction of full-custom steel and aluminum superyachts, launched the 49.9-meter superyacht, No Stress, at the Viareggio shipyard in Italy. No Stress is the first Rossinavi yacht to feature a hybrid propulsion system, and the first to be equipped with artificial intelligence (AI).

Luxury Yacht Market Segmentation:
By Type -
The luxury yacht market is segmented by type into
a) Motor Yacht
b) Sailing Yacht

By Size -
The luxury yacht market is segmented by size into
a) 100 Meters
b) 100-150 Meters
c) Above 150 Meters

By Hull Material -
The luxury yacht market is segmented by hull material into
a) Fiber Reinforced Polymers And Composites
b) Metals And Alloys
c) Other Hull Materials

By Application -
The luxury yacht market is segmented by application into
a) Commercial
b) Private

Some of the key players involved in the luxury yacht market are Ferretti S.p.A., Azimut Benetti SpA, Sanlorenzo S.p.a., Feadship, Princess Yachts Limited

The regions covered in the global luxury yacht market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…….
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Luxury Yacht Market, Conclusions And Recommendations
22. Appendix

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