Sailing Yacht Market on Path to Hit $4.52 Billion by 2029 at 5.6% CAGR

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Sailing Yacht Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for sailing yachts has seen substantial growth in recent times. The market, expected to increase from $3.44 billion in 2024 to $3.63 billion in 2025 alongside a compound annual growth rate (CAGR) of 5.7%. This past growth trend gains significance from factors like growing interest in premium recreational activities, a booming tourism sector, increased disposable income in new markets, and heightened participation in sailing competitions. Additionally, the emergence of yacht charter and rental services also bolsters this growth.

What Is the Expected CAGR for the Sailing Yacht Market Growth Through 2029?
The size of the sailing yacht market is anticipated to experience substantial growth in the upcoming years. By 2029, the market is projected to escalate to a value of $4.52 billion with a compound annual growth rate (CAGR) of 5.6%. The growth projected in the forecast period is due to an enhanced demand for eco-friendly transportation options, a surge in interest for experiential travel, the expansion of luxury tourism, an increase in the availability of yacht financing opportunities, and growth in coastal property development. Upcoming trends in the forecast period incorporate the inclusion of smart connectivity features, advancements in satellite communication systems, the use of lighter materials, the application of virtual reality (VR) in design, and advances in navigation and mapping systems.

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What Are the Primary Drivers Behind Sailing Yacht Market Growth?
The booming tourism industry is projected to fuel the expansion of the sailing yacht market. Factors such as enhanced transport infrastructure, economic advancement, marketing initiatives, and a rise in disposable income stimulate tourism. Sailing yachts contribute to this sector by providing distinctive travel adventures, venturing into isolated destinations, and meeting the increasing demand for luxury and adventure tourism. For example, in 2023, the Croatian Bureau of Statistics - a state agency in Croatia, reported that commercial lodging facilities witnessed 17.8 million tourist visits and 90.0 million tourist nights in 2022, a hike from 39.1% and 28.3% respectively in 2021. As such, the surge in tourism is a key contributor to the expansion of the sailing yacht market.

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What Are the Key Segments Driving Sailing Yacht Market 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

What Are the Technological Trends Impacting the Sailing Yacht Market?
Leading firms in the sailing yacht market are pioneering new technologies, like boiler technology, to boost speed and efficiency while sailing. One cutting-edge advancement is eFoiler technology, an electric propulsion system that incorporates hydrofoil technology to raise the hull of the boat above the water, thus optimizing efficiency, cutting down on drag, and speeding up. For example, in June 2022, Artemis Technologies, a leading tech company based in the UK, launched the eFoiler system for powering electric foiling workboats, symbolizing a significant step forward in maritime sustainability with zero-emission boats designed for efficient, high-speed operations. These vessels, which can reach speeds of 34 knots and traverse 60 nautical miles, meet international workboat and crew transfer needs while offering greater efficiency and environmental advantages than traditional fossil fuel alternatives.

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Who Are the Major Competitors in the Global 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

Which Region Dominates the Sailing Yacht Market Share in 2025?
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.

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