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Rising Tourism Boosts Growth Of The Sailing Yacht Market Driver: A Major Catalyst in the Evolution of the Sailing Yacht Market in 2025
Which drivers are expected to have the greatest impact on the over the sailing yacht market's growth?The rise in tourism is expected to fuel the growth of the sailing yacht market. Tourism is growing as transportation infrastructure improves and disposable incomes increase. Sailing yachts play an important role in tourism by offering unique travel experiences. For example, in 2023, the Croatian Bureau of Statistics reported 17.8 million tourist arrivals in 2022, up by 39.1% compared to 2021. The increasing number of tourists is contributing to the growth of the sailing yacht market.
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What is the future CAGR of the sailing yacht market, and how will it impact industry expansion?
The sailing yacht market has seen strong growth. It will rise from $3.44 billion in 2024 to $3.67 billion in 2025, with a CAGR of 6.7%. This growth is driven by the increasing popularity of luxury recreational activities, the growth of the tourism sector, rising disposable income in emerging markets, participation in sailing events, and the growing yacht chartering and rental industry.
The sailing yacht market is projected to grow significantly, reaching $4.7 billion by 2029, with a CAGR of 6.4%. This growth is driven by the demand for eco-friendly transportation, the rising popularity of experiential travel, luxury tourism expansion, more accessible yacht financing, and increasing coastal real estate development. Trends include the integration of smart connectivity, advancements in satellite communication, the use of lightweight materials, the adoption of VR in design, and improvements in navigation systems.
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What are the most significant trends transforming the sailing yacht market today?
Companies in the sailing yacht market are developing new technologies such as eFoiler systems to improve speed and efficiency. The eFoiler system uses hydrofoil technology to lift the vessel's hull above the water, reducing drag and increasing speed. For example, in June 2022, Artemis Technologies, a UK-based company, introduced the eFoiler system for electric foiling workboats. These vessels, capable of reaching 34 knots and covering 60 nautical miles, offer zero-emission, high-speed, and environmentally efficient solutions for global workboat needs.
Which key market segments comprise the sailing yacht market and drive its revenue growth?
The sailing yacht 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
Subsegments:
1) By Non-Powered Yachts: Monohull Sailing Yachts, Multihull Sailing Yachts
2) By Motor Yachts: Displacement Motor Yachts, Planing Motor Yachts, Hybrid Motor Yachts
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What regions are at the forefront of sailing yacht market expansion?
Europe was the largest region in the sailing yacht market in 2024. The regions covered in the sailing yacht market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the sailing yacht market?
Major companies operating in the sailing yacht 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
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What Is Covered In The Sailing Yacht Global Market Report?
•Market Size Forecast: Examine the sailing yacht market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sailing yacht market for a structured understanding.
•Key Players Overview: Analyze major players in the sailing yacht market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sailing yacht market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sailing yacht market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sailing yacht market.
•Industry Challenges: Identify potential risks and obstacles affecting the sailing yacht market.
•Competitive Landscape: Review strategic developments in the sailing yacht market, including expansions, agreements, and new product launches.
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