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Sailing Yatch Market Growth Drivers, Opportunities, Share Report And Forecast To 2033
Sailing Yatch Market Growth
As per the report, the sailing yatch market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The sailing yatch market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Rising Tourism Boosts Growth Of The Sailing Yacht Market
The rise in tourism is expected to propel the growth of the sailing yacht market going forward. Tourism is fueled by improved transportation infrastructure, economic growth, marketing efforts, and increased disposable income. Sailing yachts support tourism by offering unique travel experiences, exploring remote destinations, and catering to the growing interest in luxury and adventure tourism. For instance, in 2023, according to the Croatian Bureau of Statistics, a Croatia-based government agency, commercial accommodation establishments saw 17.8 million tourist arrivals and 90.0 million tourist nights in 2022, up from 39.1% and 28.3%, respectively, in 2021. Therefore, rising tourism is driving the growth of the sailing yacht market.
Innovative eFoiler Technology Revolutionizing The Sailing Yacht Market
Major companies operating in the sailing yacht market are developing innovative technologies, such as boiler technology, to enhance speed and efficiency on the water. eFoiler technology is an advanced electric propulsion system that utilizes hydrofoil technology to lift the vessel's hull above the water, thereby improving efficiency, reducing drag, and increasing speed. For instance, in June 2022, Artemis Technologies, a UK-based technology company, introduced the eFoiler system to power electric foiling workboats, marking a milestone in maritime sustainability with zero-emission vessels designed for high-speed, efficient operations. Capable of reaching speeds of 34 knots and covering 60 nautical miles, these vessels cater to global workboat and crew transfer needs while delivering superior efficiency and environmental benefits compared to fossil fuel alternatives.
The sailing yatch market covered in this report is segmented -
1) By Type: Non-Powered Yachts, Motor Yachts
2) By Propulsion Technology: Fixed Pitch Propulsion, Variable Pitch Propulsion, Folding Propulsion
3) By Application: Private Use, Commercial Use, Special Use
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Major companies operating in the sailing yatch market are Sabre Yachts Corporation, Ferretti S.p.A., Sunseeker, Hinckley Yachts, HanseYachts AG, Bavaria Yachts, Dufour Yachts, Catalina Yachts, Oceanco, Baltic Yachts Oy Ab Ltd., Nautor's Swan Oy, Garcia Yachts, Tartan Yachts, BSI Group, Morris Yachts, Hylas Yachts International, Island Packet Yachts, RM Yachts, Azimut Benetti S.p.A., Alerion Yachts, Italia Yachts srl, Chantiers Amel
Contents of the report:
1. Executive Summary
2. Sailing Yatch Market Report Structure
3. Sailing Yatch Market Trends And Strategies
4. Sailing Yatch Market - Macro Economic Scenario
5. Sailing Yatch Market Size And Growth
…..
27. Sailing Yatch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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