Yacht Market Set to Sail Towards USD 18.63 Billion by 2030

𝐘𝐚𝐜𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟑𝟎

The global yacht market is on a robust growth trajectory, with its valuation rising from US$ 11.92 billion in 2023 to a projected US$ 18.63 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 6.58% over the forecast period.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

Several factors are propelling this growth:

𝑹𝒊𝒔𝒊𝒏𝒈 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝑯𝒊𝒈𝒉-𝑵𝒆𝒕-𝑾𝒐𝒓𝒕𝒉 𝑰𝒏𝒅𝒊𝒗𝒊𝒅𝒖𝒂𝒍𝒔 (𝑯𝑵𝑾𝑰): The increasing global population of HNWIs is boosting demand for luxury yachts.
𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒄𝒂𝒍 𝑨𝒅𝒗𝒂𝒏𝒄𝒆𝒎𝒆𝒏𝒕𝒔: Innovations in energy-efficient propulsion systems, such as hybrid-electric technologies, are attracting environmentally conscious consumers.
𝑪𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝑻𝒓𝒆𝒏𝒅𝒔: A growing preference for personalized yacht experiences is leading manufacturers to offer bespoke designs tailored to individual client preferences.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐰𝐡𝐚𝐭'𝐬 𝐢𝐧𝐬𝐢𝐝𝐞: https://www.maximizemarketresearch.com/request-sample/124963/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎

Vietnam's yacht market is experiencing growth due to increasing disposable incomes and a burgeoning interest in luxury leisure activities. The country's extensive coastline and scenic beauty make it an emerging destination for yachting enthusiasts.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅

Thailand has become a prominent hub for yacht tourism in Southeast Asia, with destinations like Phuket and Pattaya attracting international yacht owners and charter services. The government's investment in maritime infrastructure is further supporting market growth.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏

Japan's yacht market is expanding, driven by a cultural shift towards marine leisure activities and increased participation in yachting. The development of yacht clubs and marinas in coastal cities is facilitating this growth.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂

South Korea is witnessing a rise in yacht ownership and charter services, supported by government initiatives to promote marine tourism. The establishment of new marinas and hosting of international boat shows are contributing to market consolidation.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆

Singapore serves as a strategic yachting hub in Asia, with its state-of-the-art marina facilities and favorable regulatory environment. The country's status as a financial center attracts yacht owners seeking premier services and connectivity.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝒕𝒉𝒆 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔

The U.S. yacht market remains robust, with high demand for both new and pre-owned yachts. Regions like Florida and California are hotspots for yacht sales and charters, supported by a strong maritime culture and favorable climate.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑪𝒉𝒊𝒏𝒂

China's yacht market is expanding rapidly, driven by increasing wealth and a growing interest in luxury leisure activities. The development of coastal infrastructure and relaxation of regulations are creating new opportunities for market entrants.

𝒀𝒂𝒄𝒉𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆

Europe continues to be a leading region in the yacht market, with countries like Italy, France, and the Netherlands renowned for yacht manufacturing. The Mediterranean remains a favored destination for yacht charters, contributing to sustained market demand.

𝐄𝐚𝐠𝐞𝐫 𝐭𝐨 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐰𝐡𝐚𝐭'𝐬 𝐰𝐢𝐭𝐡𝐢𝐧? 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/124963/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

The yacht industry has seen significant consolidation through mergers and acquisitions:

𝐅𝐞𝐫𝐫𝐞𝐭𝐭𝐢 𝐆𝐫𝐨𝐮𝐩'𝐬 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧: In March 2023, 𝐅𝐞𝐫𝐫𝐞𝐭𝐭𝐢 𝐆𝐫𝐨𝐮𝐩 acquired a production site in Ravenna, Italy, investing approximately EUR 40 million, with plans to invest an additional EUR 40 million over the next three years to develop new production areas and establish a dedicated research and development center.
𝐘𝐚𝐜𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐛𝐲 𝐓𝐲𝐩𝐞

Super Yacht
Flybridge Yacht
Sport Yacht
Long Range Yacht

Based on Type: Because the super yacht segment is so well-liked by end users, it is anticipated to increase at the fastest rate throughout the course of the forecast period. The superyacht section of the global yacht industry has grown as a result of the growing appeal of super yachts among a broad range of consumers and the growing desire for outdoor recreational activities.

It is anticipated that the sport yacht will rise at the fastest rate in the industry. The growing demand for sports yachts in nations like China and France is responsible for the segment's expansion. In these nations, adults have taken an active interest in sporting events and recreational boating.

𝐛𝐲 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧

Sailing Yacht
Motor Yacht

𝐛𝐲 𝐘𝐚𝐜𝐡𝐭 𝐋𝐞𝐧𝐠𝐭𝐡

Up to 20 Meters
20-50 Meters
Above 50 Meters

In terms of length, the market was dominated by the 20-50 ft category, which held the greatest proportion of the yacht market in 2023. This is explained by elements like the availability of variations, which also include a ship with wind sailing capabilities that guarantee favourable wind direction and assist save fuel. End users also choose it because of its low maintenance requirements, short draft for water anchorages, and cheaper mooring costs.

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐰𝐞𝐛𝐩𝐚𝐠𝐞: https://www.maximizemarketresearch.com/request-sample/124963/

𝐘𝐚𝐜𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Azimut Benetti S.p.A.
2. Damen Shipyards Group
3. Heesen Group
4. The San Lorenzo S.p.a
5. Sunseeker International
6. Ferretti S.p.A.
7. Princess Yachts Limited
8. Viking Yacht Company
9. Alexander Marine International
10. Christensen Shipyards LLC
11. Lagoon
12. Feadship Holland B.V
13. Baglietto s.p.a
14. Bavaria Yachtbau GmbH
15. Fountaine Pajot
16. Monte Carlo Yachts
17. Greenline yachts

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