Press release
Luxury Yacht Market Market Size, Share & Global Insights 2022-2028
The Europe luxury yacht market is expected to grow from US$ 2,619.94 million in 2022 to US$ 4,348.77 million by 2028. It is estimated to grow at a CAGR of 8.8% from 2022 to 2028.Superyachts are large luxury yachts that are equipped with Jacuzzis, sky lounges, dining rooms, bars, etc. Professional crew members are often appointed on these yachts. Superyachts can tread into deeper waters. Many players in the Europe luxury yacht market are producing superyachts with various features. In February 2023, Heesen Yachts launched a 60-meter Project SkyFall-the superyacht was named Ultra G. The yacht consists of the space for sociable fishing adventures and the master apartment with a private terrace. It also includes a jacuzzi, a large walk-in wardrobe, a big bathroom, a custom wine fridge, a media room, and an elegant games table. In October 2022, Conrad Yachts launched the first unit of its C144S line-Ace. Ace, Poland's largest superyacht, can accommodate 10 guests and 9 crew members. In April 2022, Amels introduced its new 80-meter (263-ft) superyacht. The features of this new yacht include a Jacuzzi, access via an elevator and internal stairs, a spacious beach club with a spa, a glass-bottom swimming pool, and a lounge area with openings on three sides. Thus, the increasing number of launches of superyachts with different features, ranging from indoor sport to entertainment and relaxation, is bolstering the growth of the Europe luxury yacht market.
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The Europe luxury yacht market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Due to rise in number of high-net-worth individuals in several countries of Europe, there is rise in charter luxury yachting activities which is contributing to the growth of Europe luxury yacht market. According to Poland at Sea, in November 2021, Poland ranked eighth in the world and fifth in Europe in terms of exports of yachts. Poland produces ~22,000 yachts which include both general and luxury yachts. According to Investopedia, Germany had a 1,633,000 HNWI population with a Y-o-Y growth of 6.4%; France had a 775,000 HNWI population with a Y-o-Y growth of 8.5%; the UK had 609,000 HNWI population with a Y-o-Y growth of 6.3%; Switzerland had 479,000 HNWI population with a Y-o-Y growth of 4.3%; and Italy had 322,000 HNWI population with a Y-o-Y growth of 7.1%.
MARKET INTRODUCTION
Based on type, the Europe luxury yacht market is segmented into sailing luxury yacht, motorized luxury yacht, and others. The motorized luxury yacht segment held the largest share of the Europe luxury yacht market in 2022.
Based on material, the Europe luxury yacht market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Europe luxury yacht market in 2022.
Based on size, the Europe luxury yacht market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Europe luxury yacht market in 2022.
List of Companies Profiled in the Luxury Yacht MarketReport are:
• Alblasserdam Yachtbuilding BV
• Azimut Benetti SpA
• Bavaria Yachtbau GmbH
• Damen Shipyards Group NV
• Delta Marine Industries Inc
• Fincantieri SpA
• Fr. Lurssen Werft GmbH & Co KG
• Heesen Yachts Sales BV
Palumbo Superyachts Ancona SRL Not Matching with Business Objective? Enquire for Customize Report
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Key Segmentation:
Deployment Mode (Cloud Based and On-Premise),
The Luxury Yacht Market is categorized into type, application, and country.
• Based on type, the Luxury Yacht Market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Luxury Yacht Market is segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Luxury Yacht Market is segmented into the US, Canada, and Mexico. The US dominated the Luxury Yacht Market share in 2022.
Luxury Yacht Market Report displays data on key players, major collaborations, merger & acquisitions along with trending innovation and business policies. The report highlights current and future market trends and carries out analysis of the effect of buyers, substitutes, new entrants, competitors, and suppliers on the market. The key topics that have been explained in this Luxury Yacht Market report include market definition, market segmentation, key developments, competitive analysis and research methodology. To accomplish maximum return on investment (ROI), it's very essential to be acquainted with market parameters such as brand awareness, market landscape, possible future issues, industry trends and customer behaviour where this Luxury Yacht Market report comes into play.
Table of Contents
Based on material, the Europe luxury yacht market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Europe luxury yacht market in 2022.
Based on size, the Europe luxury yacht market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Europe luxury yacht market in 2022.
Based on country, the Europe luxury yacht market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Europe luxury yacht market in 2022.
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Contact person: Ankit Mathur
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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