Global Luxury Yacht Growing Focus on Emerging Market 2016-2020

Albany, New York, December 22, 2016: A latest report by Global Market Direct has been added to the broad database of Market Research Hub, titled “Global Luxury Yacht Market 2016-2020”. Luxury yachts include modern convenience features such as air conditioners (ACs), televisions, navigation aids, radars, echo-sounding systems, autopilot facility, and power-generating system. The market is driven by several factors, including rising luxury tourism and recreational events. Yachts are often an extension of a status symbol for the HNWI population.

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This is because they fall into the ultra-luxury goods category along with luxury cars, watches, and jewelry. Technavios analysts forecast the global luxury yacht market to grow at a CAGR of 7.01% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury yacht market for 2016-2020. To calculate the market size, the report includes the major drivers that are influencing the growth of the luxury yacht market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Luxury Yacht Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
AMELS
Azimut | Benetti
Feadship
ISA Yacht
Overmarine Group
Market driver
Increase in tourism and recreational events across the globe.
For a full, detailed list, view our report

Market challenge
Motor luxury yachts have high operational costs.
For a full, detailed list, view our report

Market trend
Increasing preference for enhanced technologies to build yachts.
For a full, detailed list, view our report

Browse Full Info with TOC: http://www.marketresearchhub.com/report/global-luxury-yacht-market-2016-2020-report.html

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.