luxury yacht industry

2019-2032

2023

2024

2024-2032

2019-2022

CAGR of 8.9% from 2024-2032

Value (USD Billion)

Luxury Yacht Market Research FAQs

How big is the luxury yacht market.

The Luxury Yacht Market size is expected to reach USD 13.66 billion in 2024 and grow at a CAGR of 9.30% to reach USD 21.20 billion by 2029.

What is the current Luxury Yacht Market size?

In 2024, the Luxury Yacht Market size is expected to reach USD 13.66 billion.

Who are the key players in Luxury Yacht Market?

Fr. Lürssen Werft GmbH & Co.KG, Sinot Yacht Architecture and Design, ISA Yachts, Fincantieri Yachts and Feadship are the major companies operating in the Luxury Yacht Market.

Which is the fastest growing region in Luxury Yacht Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Luxury Yacht Market?

In 2024, the Europe accounts for the largest market share in Luxury Yacht Market.

What years does this Luxury Yacht Market cover, and what was the market size in 2023?

In 2023, the Luxury Yacht Market size was estimated at USD 12.39 billion. The report covers the Luxury Yacht Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Yacht Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

What are the key challenges for the Luxury Yacht Industry?

Key Challenges in the Luxury Yacht Market are: a) High initial cost b) High maintenance expenses c) Fluctuating fuel prices, and d) Environmental concerns

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Luxury Yachts Industry Report

The global luxury yacht market is on a significant upswing, fueled by the growing interest of ultra-high-net-worth individuals in luxury cruising and yacht tourism. With a focus on exclusivity, advanced features, and luxurious amenities, luxury yachts serve both private and commercial purposes. The market sees a rising demand for motor yachts for their speed and spaciousness, while sailing yachts attract attention for their eco-friendliness and cost-effectiveness. The shift towards electrification highlights the industry's commitment to zero-emission, high-efficiency vessels, catering to the eco-conscious consumer. Supported by an increasing number of yacht shows and events that showcase innovations and strengthen industry connections, Europe and the Asia Pacific region emerge as significant markets, the latter being the fastest-growing due to rising disposable incomes and leisure interest. Despite environmental concerns, the industry's dedication to sustainable practices and compliance is poised to drive continuous growth. Statistics for the luxury yacht market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luxury yacht analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.

Luxury Yacht Market Report Snapshots

• Luxury Yacht Market Share
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Luxury Yacht Market Size, Share, Competitive Landscape and Trend Analysis Report, by Size, Type and Material : Global Opportunity Analysis and Industry Forecast, 2022-2031

CG : Luxury and high value products

Report Code: A04886

Tables: 150

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The luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031.

Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feets and expanding to more than 250 feet. Luxury yachts are often available for chartered providing as well as private purpose to provide seamless luxury experience full of high standard and comfort. Traditionally manufactured using woods, fiber reinforced polymers and composites gain huge popularity in the last few years. Demand for luxury yachts have increased steadily in the last few years. This can be attributed to change in lifestyle of people fueled by growth in high net worth individuals, rise in inclination toward recreational and leisure activities, and surge in trend of yacht tourism.

The outbreak of COVID-19 pandemic has a negative impact over the aviation and shipping sectors. This is attributed to the speed through which the countries restricted travel activates, closed the borders, and observed a sharp drop in economic activity. There was a rising number of countries partially or completely closing their borders, along with a rising awareness regarding the traveling activates which can lead the traveler to catch or spread the virus via travelling

The 75-120 feet segment dominated the overall luxury yacht market share in 2017 and is expected to remain dominant during the forecast period. Improved design, style, comfort, livability, technological innovations, and performance drive the growth of the global market for 75-120 feet luxury yacht. Furthermore, excellent optimization of both interior and exterior spaces result in high consumer preference toward this segment.

Motor yacht is a broad term that encompasses a number of styles, including fly bridge, aft cabin, Sedan Bridge, large express-style, and yachts pilothouse. The motor yacht segment is expected to exhibit robust growth rate in the luxury yacht market during the forecast period. The growth of this segment is mainly attributed to more on board facilities, more room space and more opportunities for recreational activities.

The 120-250 feet segment dominates the Global Luxury Lacht Market and is expected to retain its dominance throughout the forecast period.

It is evident from reviewing recent technology advances that material development plays a key role in the production of yachts hull. Selection of material for yacht construction depends on different parameters such as strength to weight ratio, size, stiffness, and payload. Thus, material selection holds importance during yacht manufacturing. FRP materials offer tremendous potential for applications in a marine environment. Fiber reinforced plastic is the most preferred material by the yacht manufacturers owing to its numerous advantages. FRP is light weight, which enables increased speed, increased payload, and reduction of fuel consumption. Furthermore, FRP has low stiffness and high corrosion resistance thus providing necessary flexibility during yacht construction.

The report focuses on the growth prospects, restraints, and opportunities of the global luxury yacht market. The study provides Porters five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the luxury yacht market.

The Motorized Luxury Yacht segment dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Segment Review

The global luxury yacht market is segmented based on size, type, and material. Based on size, the luxury yacht market is segmented into 75-120 feet, 121-250 feet, and above 250 feet. Based on type, the market is divided into sailing luxury yacht, motorized luxury yacht, and others. Based on material, the market is analyzed across FRP/composites, metal/alloys, and others. Based on region, the market is studied across Americas, Europe, Asia-Pacific, and Middle East & Africa.

Some of the key players in the luxury yacht market are Alexander Marine Co Ltd, Damen Shipyards Group, AzimutBenettiS.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company.

The FRP& Composites segment dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Current and future luxury yacht industry trends are outlined to determine the overall attractiveness of the luxury yacht market. Top impacting factors highlight opportunities during the forecast period. Factors such as growth in high net worth individuals and yacht tourism drive the growth of the luxury yacht market. In addition, chartering of yachts is also one of the major factors that fuels the growth of the global luxury yacht market. However, stringent government regulations and environmental policies along with increase in maintenance and associated cost are some of the major factors that might hamper the growth of the luxury yacht market.

Italy is the leading producer of luxury yacht followed by UK, U.S., the Netherlands, Taiwan, and others. The Italian industry holds the overall global leadership position in the luxury yacht segment with total production amounting to more than 42% of the global production for 2020. In the last decade, because of reduced domestic demand, Italian shipbuilders focus on international and emerging markets where Italian brands are well received. Favorable government initiatives such as lower mooring and marine resort taxes, reform of the maritime code, and measures for easy leasing augment market expansion in the region. Furthermore, continuous focus on trade and internationalization through commercial strategies and strategic alliances by leading domestic manufacturers such as AzimutBenetti, Sanlorenzo and Ferretti have ensured Italy to remain hub for luxury yacht manufacturing in the region. On the other hand, Taiwan is emerging as promising region for yacht manufacturing in Asia Pacific region. With steady growth in revenue as well average yacht length Taiwan has gained attention from around the world for its cheap but high-quality luxury yachts.

The Europe region dominates the global Luxury Lacht market and is expected to retain its dominance throughout the forecast period.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the Luxury Yacht market trends, estimations, and dynamics of the seeds market size from 2020 to 2030 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing Luxury Yacht market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the Luxury Yacht market.
• The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the Luxury Yacht industry.

  Luxury Yacht Market Report Highlights

Analyst Review

In accordance to several interviews conducted, the CXOs of the leading companies stated that luxury yacht market is expected to witness a significant growth in the future. In addition, global luxury yacht market is expected to remain influenced by eternal need for luxury. Moreover, rise in trend of remote exploration provides new growth avenues for luxury yachts. Furthermore, introduction of new materials such as structural glass have allowed yacht architectures to reach new levels of sophistication.

Growth in number of millionaires and swathes of millennial population have developed a voracious taste for luxury yachts in the past few years. Featuring helipads, swimming pools, saunas, hot tubs, and more, yachts are epitome of luxury. The new generation increasingly focuses on pursuing rare, tailored experiences over accumulating things. With on-board beach toys, such as motorboats & jet skis, top-deck Jacuzzi, lavish swimming pools, and private screening rooms, yachts represent pinnacle of luxurious life.

The luxury yacht market remained one of the few bright spots in an otherwise troubled global economy. With strong underlying drivers such as rise in ultra-net worth individuals, surge in inclination toward recreational & expeditions, and rise in trend of yacht tourism, the market is expected to witness significant growth during the forecast period. At the same time, the sector is facing challenges driven by high maintenance cost, stringent rules and regulations, and rapid technological innovation.

• Luxury Lifestyle
• Premium Brands
• Ultraluxury Brands
• Luxury Brands
• Premium Lifestyle

The luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031

The luxury yacht market CAGR of 8.0% from 2022 to 2031. Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feets and expanding to more than 250 feet.

Raise the query and paste the link of the specific report and our sales executive will revert you back with the sample.

The forecast period in the luxury yacht market report is from 2022 to 2031. Luxury yachts are often available for chartered providing as well as private purpose to provide seamless luxury experience full of high standard and comfort.

The top companies in the Luxury Yacht market are Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company.

The European region will dominate the market by the end of 2031. Current and future luxury yacht industry trends are outlined to determine the overall attractiveness of the luxury yacht market.

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Luxury Yacht Market

Global Opportunity Analysis and Industry Forecast, 2022-2031

Global Luxury Yacht Market: Information By Size (75-120 feet, 121-250 feet, Above 250 feet), By Type (Sailing Luxury Yacht, Motorized Luxury Yacht), By Hull Material (Fiber Reinforced Polymers and Composites, Metals and Alloys), and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) - Forecast Till 2032

Market Dynamics

Regional analysis.

• Report Scope

Segmental Analysis

• Key Players
• Recent Development
• Report Overview
• Table of Content
• Segmentation

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Market overview.

The global luxury yacht market revenue was valued at USD 7.2 billion in 2023 and is projected to reach USD 16.1 billion by 2032, registering a CAGR of 9.4% during the forecast period (2024-2032). Factors such as the growing wealth of affluent individuals, their interest in private leisure activities, the rising focus on experienced luxury, the increase of marine tourism, and the advent of luxury charter services are driving the expansion of the luxury yacht market.

A luxury yacht is an exceptionally advanced watercraft that seamlessly integrates speed, comfort, and elegance and is specifically designed to suit the preferences of wealthy persons. They are known for their sophisticated design, advanced technology, and impressive facilities. They feature state-of-the-art navigation systems, high-performance engines, and meticulous craftsmanship to provide optimal operation and visual appeal. They are frequently utilized for personal recreational pursuits, providing seclusion, autonomy, and a customized encounter. In addition to serving as a means of transportation, these yachts are also employed as symbols of prestige and opulence, boasting luxuries such as Jacuzzis, gyms, movies, and high-end dining facilities.

Affluent persons' growing wealth and inclination towards private recreational pursuits predominantly influence the global market. In addition, the sector is being driven by a rise in private charters and a preference for customized, luxurious designs tailored to individual preferences. Moreover, the thriving tourism sector and the need for exclusive, high-quality travel experiences contribute to growth. Furthermore, advancements in navigation, propulsion, and onboard entertainment systems are enhancing the attractiveness of these ships. Strategic alliances and collaborations between yacht manufacturers and designers propel the luxury boat market share.

Top 3 Key Highlights

• 121-250 feet generate the highest revenue share based on size.
• Motorized luxury yachts generate the highest revenue share based on type.
• Fiber-reinforced polymers and composites generate the highest revenue share based on hull material.

Market Drivers

Implementation of stricter environmental regulations.

The implementation of more stringent environmental rules is significantly influencing the industry. With rising global ecological consciousness, industries face mounting pressure to minimize carbon emissions and adopt sustainable practices. Consequently, yacht builders must create and advance ecologically friendly yachts that adhere to governmental mandates and the principles of environmentally aware customers. This program incorporates renewable energy sources like solar panels, wind turbines, and hybrid propulsion systems. Artefact, as an early adopter of the International Maritime Organisation's Tier III emissions regulations, incorporates solar panels, a wastewater recycling system, and a substantial battery storage system. This allows the yacht to occasionally function without relying on internal combustion engines .

Additionally, the yacht's silent cruising is attributed to its hybrid diesel-electric system, which incorporates lithium batteries. The system, developed by ABB, is said to reduce energy consumption and emissions by 30%. Despite its length of 107 meters and capacity of 5,844 gross tons, the recently built Benetti yacht Luminosity is equipped with a distinctive diesel-electric propulsion system that produces clean exhaust emissions. It also has a battery bank that allows up to 12 hours of silent operation while anchored. Luminosity, an impressive engineering accomplishment, operates using six 1,000kW generators that drive two Azipods, resulting in a potential fuel consumption reduction of up to 20%.

Moreover, manufacturers are prioritizing using sustainable resources and waste reduction strategies in the construction process. These eco-friendly measures not only fulfill legal requirements but also increase the attractiveness of luxury boats to a new generation of wealthy clients who appreciate sustainability. The industry is witnessing significant investment in research, development, and deployment of green technology due to a mix of regulatory compliance and customer demand. This trend is setting a new benchmark for the whole sector.

Market Restraints

Economic downturns.

The market for luxury yachts can be significantly affected by financial crises, recessions, or economic downturns. In times of economic hardship, persons possessing significant wealth may delay or reassess discretionary expenses, such as acquiring a high-end yacht. The high-end goods market, which includes the yachting industry, saw a substantial decline in 2008 due to the worldwide financial crisis. The crisis led to a decline in consumer confidence, prompting a reevaluation of discretionary spending. The boat market was affected by affluent individuals who delayed or reconsidered their luxury purchases.

Key economic indicators that provide insight into the potential impact of recessions on the luxury boat business encompass GDP growth rates, consumer spending patterns, and stock market performance. For instance, a deceleration in GDP expansion and consumer expenditure may suggest a decline in the market demand for high-end luxury products. During periods of economic decline, a decrease in the amount of money spent on non-essential items by individuals and businesses can impact the demand for luxury yacht rentals. To successfully handle challenging circumstances, boatmakers and industry players must demonstrate adaptability and employ effective strategies to minimize negative impacts.

Market Opportunity

Expansion of marine tourism and the advent of luxury charter services.

The significant growth of marine tourism and the introduction of high-end yacht charter services have become crucial drivers of the luxury boat sector. Marine tourism has experienced substantial development in recent years, especially among wealthy travelers looking for distinctive and luxurious vacation experiences. Coastal and marine tourism accounts for almost 50% of worldwide tourism, equivalent to USD 4.6 trillion or 5.2% of the global gross domestic product (GDP). Under normal circumstances, coastal and marine tourism is projected to become the dominant sector of the ocean economy by 2030, employing almost 8.5 million individuals. It is second only to small-scale fisheries in terms of employment.

Concurrently, the emergence of high-end yacht rental services has enabled more people to enjoy the magnificence of yachting without the requirement of owning a yacht. These charter services offer a high degree of flexibility, allowing the clients to select from a diverse selection of boats, destinations, and timeframes, all customized to suit individual preferences and financial constraints. Additionally, collaborations among tourism boards, travel agencies, and yacht charter firms are actively marketing marine tourism and enhancing the availability of luxury yachts. In Nafplion, the Mediterranean Yacht Show displays a fleet of 102 luxury charter yachts in Greece that are 24 meters or longer.

O'MATHILDE is a deluxe motor yacht charter by Golden Yachts, built in 2018. It measures 183.9ft (56m) and has three decks equipped with decadent amenities. This magnificent yacht is ideal for wealthy East Mediterranean yacht charters. This impressive yacht rental offers charter guests a fully-equipped gym, a deck Jacuzzi, Wi-Fi connectivity, and a convenient drop-down swim platform for easy access to the sea. It is expected to attract attention at the upcoming Mediterranean Yacht Show and in marinas located in popular yacht charter destinations. After that, this collaboration increases the number of customers and promotes ongoing creativity in facilities, services, and locations, guaranteeing that the high-end yacht industry stays lively, competitive, and adaptable to changing consumer demands and preferences.

The global luxury yacht market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Europe is the most significant global luxury yacht market shareholder and is estimated to grow at a CAGR of 9.6% over the forecast period. Given the exponential growth of maritime tourism and the diverse range of tourist destinations, this region can become a dominant force in the sector. Croatia, Greece, France, Spain, and Italy are the region's most renowned tourist destinations, attracting many visitors and generating significant revenue. The increasing popularity of fishing and water activities, coupled with the country's growing affluent population, is expected to drive market growth in the region throughout the projected period. Europe's tourism sector is undergoing a strong and vigorous recovery in the initial months of 2024. According to data from reported destinations, the number of foreign visitors increased by 7.2%, and the number of overnight stays increased by 6.5% in the first quarter of the year, exceeding the figures in 2019. This perpetuates the ascending pattern noted in 2023, where foreign visitors were 1.2% lower than the levels witnessed in 2019, while nights spent were only 0.2% below. 

Furthermore, the rebound is primarily propelled by robust intra-regional mobility, mainly from Germany, France, Italy, and the Netherlands. Consumer research further indicates that travel will remain a primary focus in 2024. Tourist expenditure, both inside Europe and on long-distance trips, experienced growth at the beginning of 2024. Projections suggest that tourists will allocate 742.8 billion Euros in Europe during the current year, reflecting an increase of 14.3% compared to 2023. In 2024, Germany is expected to contribute significantly to the entire amount of money spent by travelers in Europe, accounting for 16% of the whole expenditure.

In addition, European air ticket bookings are increasing, there is a strong demand for yacht charter service providers online, and more vessel permits are being issued, all of which are expected to contribute to the growth of the regional industry. The affluent demographic of the area is also anticipated to enhance market growth. In December 2022, the European Union Council approved the European Agenda for Tourism 2030 to improve European tourism's digitalization and environmental sustainability. In 2021, we had a significant increase in yacht sales, leading to a surge in demand. This surge resulted in a new record set in 2022, with 606 yachts being introduced. Moreover, countries like Greece, Croatia, Spain, Italy, and France are renowned tourist hotspots, with a surge in fishing and water activities significantly attracting visitors.

North America is anticipated to exhibit a CAGR of 9.9% over the forecast period. North America is the second-largest market sector, known for its many coastlines that have become popular locations for cruises. The United States has significant control over this regional market due to extensive charter hubs within the country. Moreover, North America boasts the most crucial number of billionaires worldwide. By 2022, the number of billionaires in North America will exceed 1,000. The United States boasts the highest number of billionaires among all countries, with a staggering 955 individuals holding this esteemed status. This accounts for 30% of the global billionaire population. The yearly surge in the quantity of billionaires and an accumulation of wealth, leading to substantial purchasing power, will drive market expansion.

The Asia-Pacific region is expected to experience the highest growth rate in the following years. The growth has been ascribed to urbanization, the increase in living standards, and the rise in disposable income. Thailand, Malaysia, Singapore, China, Japan, and Australia are experiencing a growing trend in the popularity of fishing and water activities. The growth of maritime tourism is creating significant opportunities for yacht makers. Moreover, implementing proactive government initiatives to promote marine tourism, namely in India and China, is expected to significantly stimulate the regional industry's growth. The escalating expenditure on leisure pursuits propels the sector due to the global rise in people's income levels.

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The global luxury yacht market is segmented based on size, type, and hull material.

Based on size, the market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment dominated in 2023. Large yachts, sometimes referred to as superyachts, are defined as those that measure between 120 and 250 feet. These boats are perfect for longer trips and entertaining larger groups because they have plenty of living and entertainment areas. A 180-foot superyacht can accommodate up to 180 guests in luxury and includes amenities including a theater, water toys, various lounges, a gym, a leading suite, and VIP cabins. Additionally, yachts between 121 to 250 feet are attractive to high-net-worth individuals seeking luxurious experiences and visiting far-flung locations because they offer exclusivity, grandeur, and long-range cruising capabilities.

The 75-120 feet segment is the fastest growing. Medium-sized luxury boats are defined as those between 75 and 120 feet long. These boats are ideal for various cruising locations since they usually provide a fair mix of space and maneuverability.

The market is segmented based on type into sailing luxury and motorized luxury yachts, as well as other luxury yachts. The motorized luxury yacht segment dominated in 2023. Motorized luxury yachts are faster and more efficient because they use motors for propulsion. These yachts are renowned for their strength, adaptability, and speed over extended distances. Luxury motor boats are in high demand because they provide more excellent rooms and amenities. They operate exceptionally well and reach incredible speeds. Luxury motor yachts are fantastic for individuals who like to cruise more regions in less time. Since wind is less of an issue, they provide more flexibility because less preparation is needed.

The sailing luxury segment is the fastest growing. Luxury sailing yachts are distinguished by their central propulsion system: sails. These yachts are renowned for providing a more conventional, romantic, and environmentally responsible sailing experience. They are propelled by wind energy. Sailing yachts can cruise farther since they consume less fuel than motor yachts. Additionally, sailing vessels can travel to far-off places not commonly visited.

Based on hull material, the market is segmented into FRP/Composites and Metal/Alloys. The FRP/composites segment dominated in 2023. Carbon fiber, fiberglass reinforced with plastic, and other composite materials are used to construct luxury yacht hulls constructed of FRP or composites . This building technique offers flexibility, strength, and durability to accomplish complex structures. The mechanical qualities of the fiber and matrix, their respective volumes, and the length and orientation of the fibers within the matrix all affect the properties of fiber-reinforced polymers (FRPs). Steel, concrete, masonry, and timber constructions can be reinforced with FRPs. The following four primary types of Fibers are utilized in FRP: glass, carbon, natural, and aramid. More design freedom is provided by FRP/composite hulls, which enables yacht builders to produce inventive and beautiful designs.

The metal/alloys segment is the fastest growing. Steel and aluminum are used to construct luxury boats with metal or alloy hulls. Metal construction offers strength and durability for larger ships, prioritizing stability and safety. Yachts made of aluminum require less upkeep, are simple to fix, and hold their worth over time. Although less pliable in design, metal and alloy hulls are renowned for their durability.

Market Size By Size

• 75-120 feet
• 121-250 feet
• Above 250 feet

List of key players in Luxury Yacht Market

• Azimut Benetti
• Ferretti Group
• Princess Yachts
• Sunseeker Yachts
• Fr. Lurssen Werft
• Ocean Alexander
• Kingship Marine

Luxury Yacht Market Share of Key Players

Recent Developments

• May 2024- The shipyard Van der Valk in the Netherlands recently unveiled the motor yacht ONE (formerly known as 111.11), which is 34.11 meters (111 feet 6 inches) in length. The boat results from a partnership between naval architect Diana Boat Design, exterior designer Guido de Groot, and interior designer Carla Guilhem.
• May 2024- Yacht charter in the Bahamas - The CROSSED SABRE, a 44-meter superyacht. The yacht's spacious interior provides luxurious living across three levels. These levels consist of an open-plan salon with a formal dining area and a master stateroom that spans the entire width of the main deck. Above is a fantastic sky lounge for all guests to relax and entertain. Below the deck, there are an additional six staterooms. Her chosen color scheme consists of a pleasing blend of blue and neutral materials, complemented by elegant wooden panels and enhanced by generously sized panoramic windows that provide ample natural light.

Luxury Yacht Market Segmentations

By size (2020-2032), by type (2020-2032).

• Sailing Luxury Yacht
• Motorized Luxury Yacht
• Other Luxury Yacht

By Hull Material (2020-2032)

• Fiber Reinforced Polymers and Composites
• Metals and Alloys

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Luxury Yacht - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

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Luxury Yacht Market Trends

Sailing luxury yacht to fuel market demand.

• The target audience for the luxury yacht market is the ultra-rich individuals. The increasing number of high-net-worth individuals is expected to drive the market growth. According to Forbes, the United States recorded the highest number of billionaires at 735, followed by China (including Hong Kong and Macau)at 562. Moreover, the total number of billionaires has increased from 1665 in 2022 to 169 in 2023 in India.
• According to the Bloomberg Billionaires Index, around 131 billionaires doubled their net worth during the pandemic. Additionally, the maximum number of ultra-high net worth individuals resided in the North American regions, and Europe is considered to be the fastest growing. Hence, with the global GDP on the rise and more billionaires stepping up, the luxury yacht market is expected to see a rise in the forecast period.
• Moreover, celebrities, CEOs, and business tycoons are the primary customers of the luxury yacht market; many of them are investing in luxury yachts for recreational use. For instance, in June 2023, Billionaire Eric Schmidt won the auction to buy a luxury Superyacht, which also contains a helipad valued at USD 68 million.
• The increase in the number of billionaires every year, coupled with an increase in wealth, which results in high purchasing power, will fuel the growth of the market.

Europe is Expected to be the Market Leader

• Europe is among the countries with one of the highest shares of billionaires globally and is considered to be the fastest growing in terms of billionaire's wealth. Scenic beauty countries like Greece and Italy are expected to be the market leader during the forecast period. A large number of tourists come to the region, and many parties are also organized on private yachts. Government initiatives to boost tourism in the region are the major factors for growth in the market.
• For instance, in December 2022, the European Union Council approved the European Agenda for Tourism 2030 to make European tourism more digital and greener. Sales of Yachts in 2021 were high, and a rise in demand made it hold a new record for yachts in 2022, as 606 yachts were introduced in the market. Moreover, countries such as Greece, Croatia, Spain, Italy, and France are top tourist destinations, with the rise in fishing activities and water sports being the major driving factors.
• Greece ranked 5th in the list of preferred European countries for the next trip among European travelers. There were approximately 30 million travelers visited Greece in 2022. However, in 2021, leisure travel generated the highest travel and tourism spending in Greece, accounting for 95 percent of the total expenditure. Furthermore companies are expanding their presence in the country to expand their market share. For instance,
• In April 2023, Sea-Alliance, group announced the launched of it sister company in Greece. Through this expansion the company aims to cater the demand of the increasing demand of popular cruising destination in Greece. Sea-Alliance Group IKE is expected to provide yacht sales, yacht charter management, and yacht management. Furthermore, the company is also intends to use its marina management expertise to participate in upcoming public tenders in Greece.​
• Due to the rising trend of owing yachts among the ultra-rich, the European region is expected to witness significant growth in the forecast period.

Luxury Yacht Industry Overview

• In December 2023, Italian shipyard Benetti has announced the launch of its latest 34.4-metre motor yacht from its shipyard in Viareggio, Known as White Rose, the 269GT. Powered by a pair of MTU engines, the yacht has a cruising speed of 14.5 knots, enabling a range of 1,500 nautical miles, and a top speed of 17 knots.
• In August 2023, Turkish builder Mazu Yacht launched the first unit in its 28.5-metre Mazu 92 DS series.

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

• Fr. Lürssen Werft GmbH & Co.KG
• Sinot Yacht Architecture and Design
• Fincantieri Yachts
• Oceanco Yacht
• Christensen
• Royal Huisman
• Nobiskrug Yacht GmBH
• Luxury Yacht

Luxury Yacht Global Market Report 2024

•  Report
• February 2024

Yacht Global Market Report 2024

Global Yacht Market (by Propulsion, Category, Type, Length, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)

• September 2023

Global Luxury Yacht Market by Type (Motorized Luxury Yacht, Sailing Luxury Yacht), Size (121-250 Feet, 75-120 Feet, Above 250 Feet), Material, Application - Forecast 2024-2030

Luxury Sailing Yacht Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application

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Luxury Yacht Market

Luxury Yacht Market by Direct Suppliers, Indirect Suppliers, Number of Bookings, Type, Visit Purpose, Tour Type, Age, Demographic, Booking Channel & Region | Forecast 2023 to 2033

Market Insights on Luxury Yacht covering sales outlook, demand forecast and up-to-date key trends

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Luxury Yacht Market Outlook (2023 to 2033)

As per the latest findings of Future Market Insights, global luxury yacht market revenue is expected to be US$ 8,812.4 Million by the end of 2023. In the long-term, the luxury yacht market is estimated to reach at around US$ 19,924.7 Million in 2033.

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2018 to 2022 Luxury Yacht Market Outlook Compared to 2023 to 2033 Forecast

The word yacht is derived from the Dutch word ‘jacht’ meaning hunt. Luxury yachts are also known as “Floating Palaces or Floating Real Estates". They are the epitome of luxury spending. Luxury yachts are privately owned, professionally crewed and highly expensive motor yachts.

The various stakeholders of the luxury yacht market are yacht manufacturers, brokerage firms and brokers, designers, harbor management services, equipment and accessory sectors, journalists and potential buyers.

The luxury yacht market is both a B2B and B2C market as HNWI (high net worth individuals) and UHNWI (ultra-high net worth individuals) are the direct customers, also there are companies that buy luxury yachts for commercial purposes.

Luxury yacht manufacturing companies are obsessively focused on quality because it is the prime differentiating factor between luxury yachts and non-luxury yachts. These companies manufacture luxury yachts using fast patrol vessels, frigates, and interceptors, which are used by world navies for high security. Growing awareness of environmental protection has led to the manufacture of solar luxury yachts.

Types of Luxury Yachts

Yachts belonging to this category have a length of over 50 meters and are considered to be the largest of their kind. Luxury Megayachts have all the facilities ranging from swimming pools, movie halls, cafeterias, banquet halls to even gyms and suite rooms. They are generally used for leisure and recreation for a large group of people and mostly owned by organizations.

Super Yachts

The average length of a superyacht ranges from 30-50 meters. Due to their smaller size in comparison to a mega yacht, a super yacht has lesser provisions but they are equally luxurious.

By Propulsion:

Luxury Motor Yachts

Motor yachts constitute the widest category of luxury yachts having a motor attached to them. With multi, decks, large interiors and spacious rooms for comfort, these yachts are the perfect choice for a large group of people.

Luxury Sailing Yachts

These kinds of yachts are driven by sail instead of motor. Pleasure boats, also known as yachts, come in various forms and sizes of sails. These vessels can be single sail-single mast), double sail-single mast or multiple sails-multiple masts.

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What are the Key Drivers of the Luxury Yacht Market?

• Growth in Nautical Tourism is fueling the growth of this market

Yachting along coastal locations is slowly becoming popular across various countries. Formulation of favorable policies has been effective in promoting coastal and marine tourism which has consequently led to a boost in yachting tourism as well. Adoption of private boats for leisure, client meetings and large scale parties has become quite prevalent. In order to explore new locations with a smaller crowd, regions such as Asia Pacific, Antarctica and Middle East are being preferred for yachting.

Another reason for growth of luxury yachting tourism has been the availability of renting of charter boats. Rentals for yachts are available on weekly basis which further increases the accessibility of luxury yachting.

• The number of ultra-wealthy households are projected to increase

In the coming years, the number of ultra-wealthy households having assets worth $100 million or more is projected to increase by 70% in the next five years. Shipyards have therefore started to invest in new facilities and technologies to meet the expected demand which will eventually lead to growth in the market for Luxury Yachts

• Green Yachting is becoming popular amongst an environmentally conscious generation

The new generation millennials, belonging to 35-45 year age bracket, have become highly environmentally conscious. This is extremely important to factor in since up to 40% of the yacht buyers are now millennials. Therefore, the sector is slowly switching to green yachting by adopting a more eco friendly approach. By 2050, the International Maritime Organization has instructed the maritime industry to reduce greenhouse gas emissions by 50 percent from 2008 levels by the year 2050 and to reduce carbon footprints of their boats. Electric yachts are also becoming quite popular

What are the Key Factors Affecting Luxury Yacht Market Adversely?

• Luxury Yacht Market is still Nascent in few regions

Talking about the emerging markets for luxury yachting like India, there is a lack of infrastructure even though there is a proven interest in boating. Owning a yacht in a nascent country can be a long and expensive process due to the heavy import tax. Another factor is the absence of cruising locations which is why people are not able to make the most out of owning a yacht in such markets.

However, with increased government participation to create yacht facilities and to invest in the yachting, the future looks bright and full of potential.

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Region Wise Insights

Europe dominates the market for Luxury Yachts followed by the North America region. With vast coastlines and a significant percentage of boating charter taking place in Mediterranean Sea, Europe has become a favorable nautical tourism hotspot. European countries such has Greece and Croatia have been witnessing a surge in tourists wanting to explore water adventures thus driving the growth of Global Luxury Yachts market

Analysis shows that the Asia Pacific region will become the fastest growing market for luxury yachts owing to an increase in number of ultra-wealthy households and fast pace growth of the developing economies.

Category-Wise Insights

Which age group prefers luxury yachts the most.

Millennials are the major drivers of Luxury Yacht demand

Generational trends are a powerful driver. Millennials prefer enjoying the yachting experience a lot differently from the generation X by emphasising more on everything that their self-owned vessels can do instead of being crazy about merely possessing it. They want to create unique experiences for themselves and their family. In the process, millennials have emerged as the major drivers of the Luxury Yacht demand and have slowly redefined the entire yachting industry.

Which Tour Type will have the Maximum Number of Travelers During Forecasted Period?

There will be a surge in the number of independent travellers

Rapid technological advancements in the last few years have made a large number of people quite comfortable with emerging technologies and they are now well equipped to adapt to change. Consequently, this has led to an increase in the number of independent travelers and is forecasted to only increase further.

Which Booking Channel do Tourists in the Market Place Prefer?

Online Booking Channels Lead the Booking Channel Segmentation

It usually takes a lot of time and effort to research and make a decision before purchasing something as luxurious as a yacht. However, the existence of online booking channels has unquestionably both sped up the procedure as well as offered clients access to more choices. People who make their bookings online prefer to compare prices, features, types and various other parameters among all available options to make the best possible choice.

Competitive Landscape

Key Players in the global luxury yacht market are Ferretti Group, Lurssen, Feadship, Princess Yachts, Sunseeker and all these companies dominate the market with a combined market share of about 60%. Additionally, the semi-custom luxury yacht market has seen a surge in demand in recent years which might be due to these categories of yachts offering a good balance of customization and off-the-shelf predictability and simplicity.

Scope of Report

Luxury Yatch Market by Category

By direct suppliers:.

• Hotel Companies
• Tour Operators
• Government Bodies

By Indirect Suppliers:

• OTA (Online Travel Agency)
• Traditional Travel Agencies
• TMC's (Travel Management Companies)

By Number of Bookings:

• Motor Yacht
• Sailing Yacht
• Others (Sports Yacht, Hybrid Yacht)

By Visit Purpose:

By tour type:.

• Independent Traveler
• Package Traveler

By Demographic:

By booking channel:.

• Phone Booking
• Online Booking
• In Person Booking

Frequently Asked Questions

How big is the luxury yacht market.

The luxury yacht market size is valued at US$ 8,812.4 million in 2023.

What is the growth forecast for the luxury yacht market?

The luxury yacht market is projected to thrive at a 9% CAGR through 2033.

How big will be the luxury yacht market by 2033?

The luxury yacht market is predicted to surpass US$ 19,924.7 million by 2033.

Which booking channel is highly preferred in the luxury yacht market?

The online booking channel segment is likely to lead the luxury yacht market.

Which region dominates the luxury yacht market?

Europe dominates the global luxury yacht market.

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Luxury Yacht Market

Luxury yacht market report by type (sailing luxury yacht, motorized luxury yacht, and others), size (75-120 feet, 121-250 feet, above 250 feet), material (frp/ composites, metal/ alloys, and others), application (commercial, private), and region 2024-2032.

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Luxury Yacht Market Size:

The global luxury yacht market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.  The market is experiencing steady growth driven by the increasing wealth among affluent consumers, particularly in emerging economies, the rising trend towards experiential luxury across the globe, and continuous technological advancements in yacht design and eco-friendly technologies.

Luxury Yacht Market Analysis:

• Major Market Drivers: An increase in the number of high-net-worth individuals across the world which leads to the rising demand for luxury yachts, especially in emerging economies. In addition, advanced technology, constant design, and practical yachting innovation continue to drive growth in the market by offering broader sophisticated choices to the wealthiest consumers.
• Key Market Trends: Experiential luxury gains favor, with consumers opting for unique and memorable experiences in place of traditional luxury goods. The integration of environmentally friendly technologies and hybrid powertrain systems into a superyacht reflects an increasing environmental awareness of luxury yacht owners.
• Geographical Trends: Rising affluent population has resulted in increased use of luxury yachts in Asia-Pacific regions. North America and Europe are well-known as traditional markets with long histories of supporting strong yachting cultures and infrastructures.
• Competitive Landscape: A highly competitive industry that relies on innovation, personalization, and environmental consciousness to attract the cream of the high-net-worth crop. Businesses offer cutting-edge tech and premium features to stand out in the very competitive marketplace.
• Challenges and Opportunities: Environmental concerns become one of the important issues for the luxury yacht industry to manufacture and maintain ships, which can be an obstacle to the growth of the shipping industry. However, there are many opportunities for environmentally conscious customers in the emerging market by building its green and fuel-efficient fleet.  

Luxury Yacht Market Trends:

Growing high-net-worth individual (HNWI) population

The escalating number of high-net-worth individuals (HNWIs) is one of the primary factors influencing the global luxury yacht market. As the population of high-net-worth individuals increases, so does their inclination to spend on luxury goods and services, one of which is yachts. The luxury yachts are all regarded as status marks by these rich consumers for amusing themselves with the exciting, privileged leisure activities one can see inside the categories of prestige pleasure vehicles. Along with this, the growing incidence of high-value individuals (HNWI) in developing countries, including China and India, is increasing the luxury yacht market size. This has been supported, in part, by accelerating personal wealth and the proclivities of younger generations that, to some degree, prefer experiences over traditional luxury goods. This kind of market potential further encourages manufacturers to produce more innovations, appealing more to the rapidly changing tastes of HNWIs.

Technological advancements and innovations

Continuous technological advancements continue as growing technology innovations make yachts more exciting and forward-thinking in the luxury yacht market. In addition, with the benefits of current technology, hybrid propulsion systems, and smart yacht systems are being implemented to achieve better use and safety of the yachts, considering ecological issues. Moreover, individuals increasingly seek ecological products, contributing to the increase in demand for luxury yachts among current and future customers. Regarding the yacht market itself, the increased utilization of advanced materials and optimization of the design process further support the aesthetics and ability to operate yachts on the global market. These technological improvements ensure that the luxury yacht market remains vibrant and continues to cater to the needs of the upper echelon of buyers.

Rising demand for luxury travel and leisure

The luxury yacht market is driven by the growing trend of a more significant inclination to luxury in travel and recreational activities. In confluence with this, the escalating demand for private and exclusive holidays among wealthy consumers is propelling the market as luxury yachts match these demands in terms of exclusivity, privacy, and personalization. The uber-wealthy have also shown a move toward experiential luxury, with substantially more wealthy consumers preferring experiences to objects. Therefore, the wealthy often rent luxury yachts for holidays, events, or corporate purposes. Furthermore, yacht exhibitions and regattas are making the global market more appealing and visible. The trend toward high-end vacation and entertainment contributes to the luxury yacht market’s relevance and importance in the luxury business.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Luxury Yacht Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global luxury yacht market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, size, material, and application.

Breakup by Type:

• Sailing Luxury Yacht
• Motorized Luxury Yacht
• Others  

Motorized luxury yacht represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the type. This includes sailing luxury yacht, motorized luxury yacht, and others. According to the report, motorized luxury yacht represented the largest segment.

Based on type, motorized luxury yachts are the largest type of segment in the luxury yacht market as they display high speeds, power, and advanced technological features. Available with higher-powered engines, these yachts offer unparalleled performance and economy and are highly sought after for cruising long distances at high speeds. With the increase in environmental awareness, affluent consumers are seeking environmentally alternative propulsion systems, such developments in engine technology and conventional engine technology in some cases have a positive effect on the luxury car market. This segment also remains strong and is supported by a growing charter market where the owners prefer motor yachts to gain maximum personalized and exclusive experiences. According to the luxury yacht market forecast, the buying spree for fully motorized luxury yachts can be expected to continue, as it appeals to those who appreciate the benefits of speed, luxury, and high-tech amenities adapted to the more modern tastes of the buyers. Breakup by Size:

• 75-120 Feet
• 121-250 Feet
• Above 250 Feet  

75-120 feet accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the size. This includes 75-120 feet, 121-250 feet, and above 250 feet. According to the report, 75-120 feet represented the largest segment.

The 75 to 120 foot range is the widest segment in the luxury yacht market due to its luxury with functionality and practicality. Between around 80 and 300 meters, depending on the vessel, these provide airy and elegant interiors (often with several common areas) that appeal to rich buyers in search of comfort and privacy. The dimensions of these yachts are big enough to ensure the presence and sense of prestige characteristic of luxury yachting, but small enough to be able to reach different ports and marinas to which larger boats would not have access. This size segment is versatile and it can be customized to feature everything from sundecks and swimming pools to space-age technology and lucrative eco-credentials. Moreover, yachts in the 75-120 foot range are rather popular in the charter marketplace as they provide a perfect blend of size and manageability that suits both owners and charterers being proprietors. The segment continues to be among the most popular in the industry, especially with the rising trend toward experiential luxury. Breakup by Material:

• FRP/ Composites
• Metal/ Alloys

FRP/Composites represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the material. This includes FRP/composites, metal/ alloys, and others. According to the report, FRP/composites represented the largest segment.

The luxury yacht market is dominated by the FRP (fiberglass)/composites material segment, which offers a high strength-to-weight ratio and greater durability than its substitutes. FRP composites offer huge benefits over traditional materials such as wood or steel, meaning they can meet the performance and fuel efficiency requirements that are important in high-end luxury yachting. The flexibility of FRP enables more innovation and intricate design structures to create the most aerodynamic and appealing yachts a manufacturer can provide. In addition, as FRP is particularly resistant to corrosion and bad weather, the cost of subsequent maintenance is much lower, and it can increase the service life of yachts. Being molded to numerous shapes and sizes grants this material higher customization, adapted to rich customers' preferences and demands. As sustainability becomes an undeniable trend in the luxury yacht industry, considerably lower emissions due to weight reduction are one of the many environmental advantages of using FRP. Therefore, the FRP/composites category continues to hold the major luxury yacht market share, subsequently ruling in the market as a perfect fit due to its changing performance parameter requirements, design, and eco-friendliness. Breakup by Application:

• Private  

Commercial represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial and private. According to the report, commercial represented the largest segment.

The largest application of the luxury yacht market is the commercial segment, supporting the demand for charter services and corporate use. Globally, luxury yachts in commercial space are targeted at ultra-high-net-worth individuals seeking unique and personalized vacation experiences where one can opt for a customized itinerary and a range of high-end services. Moreover, this segment is benefiting from an increasing trend of experiential luxury, where the consumer has more interest in exclusive and unique experiences than having such products. In addition, yacht charters are a growing trend for corporate events, retreats, and incentive programs, offering a high-caliber, exclusive experience for business engagements. Another key factor driving the demand for commercial luxury yachts is the rise in expanding global tourism and increasing disposable incomes in emerging markets. A strong, continuous interest in luxury yacht charters, supported by this segment's popularity across commercial applications, cements its place as the dominant sector within the sphere of yacht rentals, promising a sturdy upswing in the market, and continued efforts toward the development of top-tier, highly adaptive yacht offerings. Breakup by Region:

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United States

• South Korea

United Kingdom

• Middle East and Africa  

North America leads the market, accounting for the largest luxury yacht market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for luxury yacht.

North America is the largest segment in the luxury yacht market due to the region's large high-net-worth individual population and mature yachting industry. Featuring the largest affluent population in the world, the U.S. is home to the foremost luxury yacht-buyers who increasingly invest in luxury yachting as the ultimate status symbol and as a distinctive means of exclusive leisure. In addition, the implementation of popular yachting jurisdictions such as Florida, California, and the Great Lakes, coupled with long coastlines and good maritime conditions, further attracts the demand for superyachts in the region. North America is supported by a mature infrastructure, which underpins its reputation as a world-class yachting destination from a marina and yacht club perspective, providing the required services to cater to the high demand for luxury yachts. The robust economy of the area and a relaxed political framework offer a perfect setting for the luxury yacht market to flourish. This highlights North America's position at the top, with an exceptionally strong charter market from buyers based both in the US and internationally. The affiliation between the investment and yachting superiority and yachting equipment with the socio-cultural measurement and North America is eventually sought to keep intact the area's prevailing position in the overall luxury yacht sector.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the luxury yacht industry include:

• Alexander Marine International
• Azimut - Benetti S.P.A.
• Brunswick Corporation
• Christensen Shipyards LLC
• Damen Shipyards Group N.V.
• Feadship Holland B.V.
• Fincantieri S.p.A. (CDP Industria S.p.A.)
• Heesen Yachts Sales B.V.
• Horizon Yacht USA
• Palumbo Group S.P.A
• Princess Yachts Limited
• Sanlorenzo S.p.A.
• Sunseeker International (Wanda Group)
• Viking Yacht Company  

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Key players are focusing on innovation, sustainability, and experiential tailor-made customer services to remain at a competitive front. Key players are emphasizing performance and efficiency along with being environmentally friendly by adopting new technologies such as hybrid propulsion systems along with smart yacht features through extensive R&D efforts. In addition, the manufacturers are also leaning on bespoke designs, allowing buyers to tailor yachts to their tastes and preferences. Moreover, leading players are increasing their jurisdictional foothold to expand further in key growth regions in Asia-Pacific, concentrating more on acquisitions and strategic partnerships. This focus on impeccable workmanship, innovation, and customization keeps them at the forefront of affluent consumers' minds, enabling luxury houses to adapt to changing preferences.

Luxury Yacht Market News:

• April 26, 2024: Alexander Marine International announced the sale and delivery of a new Ocean Alexander 35R. Best in Show, the OA 35R is a work of design and engineering art that had no previous exposure before it was launched at the 2021 Fort Lauderdale International Boat Show.
• April 05, 2024: Italian shipyard Azimut-Benetti and marina chain D-Marin entered a development partnership in Livorno, Italy. The $16-million project is anticipated to start construction in April 2024 and be completed by mid-2026.

Luxury Yacht Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the luxury yacht market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global luxury yacht market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the luxury yacht industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global luxury yacht market was valued at US$ 7.9 Billion in 2023.

We expect the global luxury yacht market to exhibit a CAGR of 8.6% during 2024-2032.

The expanding recreational tourism sector, along with the widespread availability of luxury yachts on lease by yacht fleet operators for organizing business meetings, recreational activities, and events, is primarily driving the global luxury yacht market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in various recreational activities and demand fluctuations for luxury yacht.

Based on the type, the global luxury yacht market has been segmented into sailing luxury yacht, motorized luxury yacht, and others. Currently, motorized luxury yacht holds the majority of the total market share.

Based on the size, the global luxury yacht market can be divided into 75-120 feet, 121-250 feet, and above 250 feet, where 75-120 feet currently exhibits a clear dominance in the market.

Based on the material, the global luxury yacht market has been categorized into FRP/ composites, metal/ alloys, and others. Among these, FRP/ composites account for the majority of the global market share.

Based on the application, the global luxury yacht market can be segregated into commercial and private. Currently, the commercial sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global luxury yacht market include Alexander Marine International, Azimut - Benetti S.P.A., Brunswick Corporation, Christensen Shipyards LLC, Damen Shipyards Group N.V., Feadship Holland B.V., Fincantieri S.p.A. (CDP Industria S.p.A.), Heesen Yachts Sales B.V, Horizon Yacht USA, Palumbo Group S.P.A, Princess Yachts Limited, Sanlorenzo S.p.A., Sunseeker International (Wanda Group), Viking Yacht Company, etc.

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Luxury Yacht Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Luxury yacht market size and forecast (2021 - 2031), global and regional share, trend, and growth opportunity analysis report coverage: by type (sailing luxury yacht, motorized luxury yacht, and others), material (frp/composites, metal/alloys, and others), size (75-120 feet, 121-250 feet, and above 250 feet), and geography.

Publication Month :

• Report Code : TIPRE00004787
• Category : Automotive and Transportation
• No. of Pages : 150

Luxury Yacht Market Growth Report 2021 to 2031

• Description
• Table of content
• Research Methodology

The luxury yacht market size is projected to reach US$ 13,689.81 million by 2031 from US$ 6,721.03 million in 2023, with a CAGR of 9.3% by 2031. The rise of luxury yacht rental service providers across the globe, owing to the demand for luxury tourism, is also boosting the demand for luxury yachts. Vendors offering luxury yachts on a rental basis include Fun2 Rent, Sailogy S.A., The Mooringsand Incrediblue Limited, and Boatbound Inc. Additionally, the rise in sports activities and the adoption of the same across coastal areas for attracting tourists are expected to increase the demand for luxury sport yachts, thereby contributing to the growth of the global luxury yacht market over the forecast period.

Luxury Yacht Market Analysis

The emerging regions such as APAC, MEA, and SAM are anticipated to offer ample future growth opportunities to the market over the forecast period of 2022 to 2028. These regions are characterized by the presence of some of the major countries that contribute a substantial fleet value to the global yacht market. China, Japan, Singapore, and South Korea are among the leading countries inclined towards the water tourism . In addition to these markets, there are several other potential developing markets for the adoption of luxury yacht such as India, Brazil, Argentina, Indonesia, Vietnam, Malaysia, Philippines, Thailand, and Saudi Arabia, among others. All these countries are anticipated to offer ample growth opportunities for luxury yacht shipyards.

Luxury Yacht Market Overview

Yachts of at least 75 feet or above are considered luxury yachts. Based on size, they are called mega yachts or superyachts. Based on mode of operation, luxury yachts are bifurcated into sailing and motorized. The increase in disposable income of individuals across both developed and developing countries and the rise in leisure and 121-250 feet activities are fueling the demand for luxury yachts. Additionally, the growing demand for luxury tourism, along with exclusive travel plans and personalized service, from high-net-worth individuals, is further propelling the demand for luxury yachts.

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Luxury Yacht Market: Strategic Insights

• Market Size 2023 US$ 6,721.03 Million
• Market Size 2031 US$ 13,689.81 Million

• Market Dynamics

Growing Yacht Tourism

Rising demand in asia pacific.

• Implementation of Solar Energy

Key Players

• Azimut Benetti S.p.A.
• Bavaria Yachtbau GmbH
• DELTA MARINE
• Brunswick Corporation
• Cheoy Lee Shipyards Limited
• Damen Group
• FINCANTIERI S.p.A.
• Heesen Yachts Sales B.V.
• Palumbo Superyachts Ancona s.r.l
• and Oceanco

Regional Overview

• North America
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

• Sailing Luxury Yacht
• Motorized Luxury Yacht

• FRP/Composites
• Metal/Alloys

• 75-120 feet
• 121-250 feet
• Above 250 feet
• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Luxury Yacht Market Drivers and Opportunities

Asia Pacific offers one of the best coastlines of 135,000 km. The region houses thousands of islands in the Pacific Ocean, where tourism is the major economy. The rise in tourism on these islands is likely to boost the demand for luxury yachts in the region. Moreover, the improving living standards and increasing income levels of the population in Asia Pacific countries are further adding to the demand for luxurious consumer goods. Particularly, in China, the demand for luxury yachts has increased to host business meetings, parties, and other business-related events in the contemporary setting. To attract more billionaires to luxury yachts, the sixth edition of the Thailand Yacht Show (TYS) was conducted in June 2022. The show attracted professionals and consumers from various industries.

Governments of various countries are taking different initiatives to boost the yacht industry. For instance, in August 2022, the Ministry of Industry and Information Technology (MIIT)—along with the National Development and Reform Commission (NDRC), the Ministry of Transport (MOT), the Ministry of Finance (MOF), the Ministry of Finance (MOF), and the Ministry of Culture and Tourism (MCT)—released the guidelines to accelerate the development of cruise and yacht industry in China. Through these guidelines, China is creating a roadmap for establishing a well-developed yacht industry by 2025.  

Governments of various countries are taking different initiatives to boost the yacht industry. For instance, in August 2022, the Ministry of Industry and Information Technology (MIIT)—along with the National Development and Reform Commission (NDRC), the Ministry of Transport (MOT), the Ministry of Finance (MOF), the Ministry of Finance (MOF), and the Ministry of Culture and Tourism (MCT)—released the guidelines to accelerate the development of cruise and yacht industry in China. Through these guidelines, China is creating a roadmap for establishing a well-developed yacht industry by 2025.

Luxury Yacht Market Report Segmentation Analysis

Key segments that contributed to the derivation of the luxury yacht market analysis are type, material, and size.

• Based on type, the market is segmented into sailing luxury yacht, motorized luxury yacht, and others. The motorized luxury yacht segment held a larger market share in 2023.
• Based on material, the luxury yacht market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys are highly adopted material in the luxury yacht market. Furthermore, the increasing inclination towards composite materials is accelerating segment growth at highest CAGR rate.
• Based on size, the luxury yacht market is segmented into 75–120 feet, 121–250 feet, and above 250 feet. 121–250 feet length luxury yachts are more preferred across the globe. The passenger 121–250 segment held a larger market share in 2023.

Luxury Yacht Market Share Analysis by Geography

The global luxury yacht market is segmented into five major regions— North America, Europe, APAC, Middle East and Africa (MEA), and South America (SAM). In North America, rising demand and production of superyacht are projected to provide opportunities for the growth of the luxury yacht market. Further, North America has destinations which can be explored by luxury yacht and contributing to yacht charter activities is further fueling the growth of the luxury yacht market in the region. In addition, there is an increase in the number of charter yacht booking which is boosting the growth of the luxury yacht market.

The Europe luxury yacht market is growing at a decent rate year-on-year. The key reason for the growth of the market is the growing number of high-net-worth individuals (HNWI) and their spending on wellness tourism in the region. Luxury yacht manufacturers are continuously engaged in new product development and launching luxury yachts which further boosts the market growth in the region. Mediterranean Yacht Show (MEDYS) conducted every year to showcase luxury yachts also contributing to the growth of the Europe luxury yacht market.

The growth of the MEA luxury yacht market is attributed to the rising tourism industry in the region. Also, the governments of various countries in the region are taking initiatives to boost the growth of the tourism industry. For instance, the government of Saudi Arabia under the Vision 2030 is contributing to boosting tourism. The growing yacht tourism in Qatar is projected to fuel the MEA luxury yacht market growth. The beautiful tourism destination and coastline across MEA region is further propelling the growth of MEA luxury yacht market growth.

Luxury Yacht Market Report Scope

Luxury Yacht Market News and Recent Developments

The luxury yacht market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• In December 2022, Damen Maaskant and New Zealand-based seafood company Sanford Limited have signed a contract to design and build a new scampi vessel.  (Source: Damen Maaskant, Press Release)
• In January 2023, Azimut|Benetti Group introduced the S7 at Boot Dusseldorf 2023 for its world premiere, revealing the sporty soul and high-tech heart equipped with environmental technology. This new model comes with a refined design and advanced solutions that distinguish the Azimut|Benetti Group, which offers low-emission yachts. (Source: Azimut|Benetti Group, Press Release)

Luxury Yacht Market Report Coverage and Deliverables

The “Luxury Yacht Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

• Luxury yacht market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities
• Luxury yacht market trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Luxury yacht market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
• Luxury yacht market landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
• Detailed company profiles

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Type, Material, and Size

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Trends and growth analysis reports related to Automotive and Transportation : READ MORE..   

What's Included in Full Report

• Competitive Analysis and Assessment
• Define Business Strategies
• Market Outlook and Trends
• Market Size and Share Analysis
• Growth Driving Factors
• Future Commercial Potential
• Identify Regional Growth Engines

• Transportation & Logistics ›
• Water Transport

Luxury yacht market size worldwide 2019-2030

Size of the global luxury yacht market in 2019 and 2020, with a forecast for 2021 through 2030 (in billion u.s. dollars).

Additional Information

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Next Move Strategy Consulting

2019 and 2020

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Fashion & Accessories

• Most valuable global luxury brands 2024
• Total revenue of the LVMH Group worldwide 2008-2023
• LVMH Group's revenue share worldwide from in 2023, by geographic region
• Total sales of the Richemont Group worldwide 2008-2024

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Statistics on " Personal luxury goods industry worldwide "

• Value of various global luxury markets 2023, by market type
• Revenue of the luxury goods industry Worldwide 2018-2028
• Luxury goods industry revenue worldwide 2024 & 2028, by country
• Expected CAGR of personal luxury goods market 2020-2025
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Market overview

• Premium Statistic Value of various global luxury markets 2023, by market type
• Premium Statistic Revenue of the luxury goods industry Worldwide 2018-2028
• Premium Statistic Luxury goods industry revenue worldwide 2024 & 2028, by country
• Premium Statistic Expected CAGR of personal luxury goods market 2020-2025
• Premium Statistic Share of the personal luxury goods market worldwide in 2023, by consumer nationality
• Premium Statistic Fashion and luxury goods M&A deals worldwide in 2022, by product category
• Premium Statistic Share of the personal luxury goods market worldwide in 2023, by generation

Sales channels and formats

• Premium Statistic Value share of the global personal luxury goods market in 2023, by sales channel
• Premium Statistic Value of the global personal luxury goods market in 2023, by format
• Premium Statistic Value of the online personal luxury goods market worldwide 2004-2023
• Premium Statistic Global used personal luxury goods market size from 2015 to 2021
• Basic Statistic Value of the global outlet personal luxury goods market 2012-2023

Luxury product markets by category

• Premium Statistic Global luxury goods market revenue 2023, by segment
• Premium Statistic Revenue of the luxury fashion industry Worldwide 2018-2028
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• Premium Statistic Revenue of the luxury watches & jewelry industry Worldwide 2018-2028
• Premium Statistic Revenue of the luxury leather goods industry Worldwide 2018-2028
• Premium Statistic Revenue of the luxury eyewear industry Worldwide 2018-2028

Leading companies

• Premium Statistic Total revenue of the LVMH Group worldwide 2008-2023
• Basic Statistic LVMH Group's revenue share worldwide from in 2023, by geographic region
• Premium Statistic Business segment revenue share of the LVMH Group worldwide in 2023
• Premium Statistic Kering's global revenue from 2008 to 2023
• Basic Statistic Revenue share of the Kering Group worldwide 2023, by region
• Basic Statistic Global revenue share of the Kering Group in 2023, by brand
• Basic Statistic Total sales of the Richemont Group worldwide 2008-2024
• Basic Statistic Sales share of the Richemont Group worldwide 2024, by geographical region

Brand rankings

• Premium Statistic Most valuable global luxury brands 2024
• Premium Statistic Sales of the leading luxury goods companies worldwide 2022
• Premium Statistic Leading 20 European luxury goods companies based on sales 2022
• Basic Statistic Most sustainable luxury brands worldwide 2022
• Basic Statistic Most trusted luxury brands worldwide 2022
• Premium Statistic Luxury brands omnichannel availability score 2022
• Premium Statistic Awareness of luxury brands worldwide 2022

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Luxury yacht industry report 2024: 75-120 feet yachts accounts for the largest segment - global forecasts to 2032.

Dublin, March 14, 2024 (GLOBE NEWSWIRE) -- The "Luxury Yacht Market Report by Type (Sailing Luxury Yacht, Motorized Luxury Yacht, and Others), Size (75-120 Feet, 121-250 Feet, Above 250 Feet), Material (FRP/ Composites, Metal/ Alloys, and Others), Application (Commercial, Private), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global luxury yacht market size reached US$ 7.9 billion in 2023. The market is projected to reach US$ 16.9 billion by 2032, exhibiting a growth rate (CAGR) of 8.82% during 2023-2032

The increasing wealth among affluent individuals and their interest in exclusive leisure activities, the growing emphasis on experiential luxury, and the expansion of marine tourism and the advent of luxury charter services are some of the factors that are propelling the market. A luxury yacht is a highly sophisticated vessel that combines performance, comfort, and style, catering to the tastes of affluent individuals. Often ranging from under one hundred feet to several hundred feet in length, these yachts are characterized by elegant design, state-of-the-art technology, and remarkable amenities. Equipped with advanced navigation systems, powerful engines, and intricate craftsmanship, ensuring optimal functionality and aesthetic appeal.

The working mechanism involves the seamless integration of various systems, such as propulsion, stabilization, communication, and entertainment, to provide an unparalleled sailing experience. They are commonly used for private leisure activities, offering privacy, freedom, and a personalized experience. Besides as modes of transportation, these yachts are utilized as a symbol of status and luxury, featuring amenities such as Jacuzzis, gyms, cinemas, and fine dining facilities. The global market is primarily driven by the increasing wealth among affluent individuals and their interest in exclusive leisure activities. In line with this, the rise in private charters and a preference for customized, high-end designs tailored to individual tastes are also providing an impetus to the market.

Moreover, the burgeoning tourism industry and the desire for remote, luxurious travel experiences are also acting as significant growth-inducing factors. In addition to this, technological advancements in navigation, propulsion, and on-board entertainment are resulting in an enhanced appeal for these vessels. The market is further driven by strategic partnerships and collaborations among yacht manufacturers and designers.

Some of the other factors contributing to the market include the increasing importance of status symbols among the elite, the influence of global travel trends on luxury spending, the development of advanced docking facilities and extensive investment in research and development (R&D) for innovative yacht features and technologies.

Competitive Landscape The major yacht manufacturers are heavily investing in research and development. This investment is focused on introducing innovative features, enhancing the sustainability of yachts, and incorporating cutting-edge technology such as advanced navigation systems, hybrid propulsion, and personalized on-board entertainment solutions. In line with the trend towards experiential luxury, many yacht manufacturers are emphasizing customization.

They are working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners. As sustainability becomes a key concern for consumers, leading yacht manufacturers are working towards developing eco-friendly models, including the use of renewable energy, sustainable materials, and energy-efficient designs. They are also working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners.

North America exhibits a clear dominance, accounting for the largest luxury yacht market share North America's luxury yacht market thrives on the significant population of high-net-worth individuals who prioritize exclusive leisure experiences. The region's affluent clientele, renowned for their discerning tastes and desire for opulent living, fuel the demand for luxury yachts as the epitome of sophisticated indulgence. Moreover, the well-established yachting infrastructure in North America plays a pivotal role in supporting and nurturing the luxury yacht market. The presence of world-class marinas, state-of-the-art shipyards, and a plethora of supporting services, ranging from yacht maintenance to concierge assistance, ensures a seamless and lavish yachting experience for clients. This infrastructure not only enhances the convenience of yacht ownership but also fosters a thriving ecosystem for yacht enthusiasts. Furthermore, the augmenting demand of cruising along the coasts and islands of North America along with the experience of luxurious waterfront destinations contributes to the market growth in the region. As a result, North America offers a diverse range of cruising opportunities that appeal to the elite travelers seeking extraordinary and unforgettable journeys.

Key Questions Answered in This Report

What was the size of the global luxury yacht market in 2023?

What is the expected growth rate of the global luxury yacht market during 2024-2032?

What are the key factors driving the global luxury yacht market?

What has been the impact of COVID-19 on the global luxury yacht market?

What is the breakup of the global luxury yacht market based on the type?

What is the breakup of the global luxury yacht market based on the size?

What is the breakup of the global luxury yacht market based on material?

What is the breakup of the global luxury yacht market based on the application?

What are the key regions in the global luxury yacht market?

Who are the key players/companies in the global luxury yacht market?

Key Attributes:

Competition Analysis

Alexander Marine International

Azimut - Benetti S.P.A.

Brunswick Corporation

Christensen Shipyards LLC

Damen Shipyards Group N.V.

Feadship Holland B.V.

Fincantieri S.p.A. (CDP Industria S.p.A.)

Heesen Yachts Sales B.V.

Horizon Yacht USA

Palumbo Group S.P.A

Princess Yachts Limited

Sanlorenzo S.p.A.

Sunseeker International (Wanda Group)

Viking Yacht Company

Luxury Yacht Industry Segmentation: Breakup by Type:

Sailing Luxury Yacht

Motorized Luxury Yacht

Breakup by Size:

75-120 Feet

121-250 Feet

Above 250 Feet

75-120 feet accounts for the majority of the market share

Breakup by Material:

FRP/ Composites

Metal/ Alloys

Breakup by Application:

Breakup by Region:

North America

United States

Asia-Pacific

South Korea

United Kingdom

Latin America

Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/2syae1

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Luxury Yacht Market by Type, Application and Geography - Forecast and Analysis 2023-2027

• Published: Nov 2022
• SKU: IRTNTR40515

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Luxury Yacht Market Forecast 2023-2027

The luxury yacht market is estimated to grow by 366 thousand units  at a CAGR of 11.26% between 2022 and 2027. The increase in recreational tourism is driving demand for luxury travel experiences and accommodations. Digital marketing and increasing social media use are enabling luxury brands to reach a wider audience and engage with consumers in new ways. The increase in the high net worth individual (HNWI) population is leading to higher spending on luxury goods and services. Overall, these factors are contributing to the growth of the luxury market. Tourism holds pivotal importance as a global economic activity, contributing substantially to the economic development, employment generation, and social progress of numerous nations. Its impact reverberates significantly in the market, particularly through various avenues such as commercial yacht operators, fleet operators, yacht brokers and brands, yacht ownership and prices, yacht auctions, and rentals.

What will be the size of the Luxury Yacht Market During the Forecast Period?

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• Market Segmentation

This report extensively covers market segmentation by type (sail yachts and motor yachts), application (commercial and private), and geography (Europe, APAC, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

The market share growth by the sail yachts segment will be significant during the forecast period. Luxury sail yachts are 80' or longer (up to 230' long). Though they have auxiliary engine power, they use sails as the primary means of propulsion. Factors such as the absence of a large engine, increased automation employed in production, and the introduction of fiberglass hulls, keep the prices of luxury sail yachts lower than luxury motor yachts.

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The sail yachts segment  showed a gradual increase in the market share of 195 thousand units  in 2017 .  Luxury sail yachts feature all possible modern conveniences, such as ACs, television, navigation aids, radar, echo-sounding, autopilot, computer-controlled electric winches for controlling the sails, and a reliable power-generating system. These are exclusively used for leisure purposes. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment, along with their reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of the Market by residential consumers, which is driven by an increase in global demand.

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Europe  is projected to contribute 31% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe has been the dominant region for luxury goods, with an estimated share of over 40% of the global luxury goods market. The region also continues to dominate the global market in terms of luxury goods manufacturing, with France and Italy as the key production powerhouses and Portugal as an upcoming manufacturing hub for luxury goods. In the case of the market, Europe has one of the largest and most attractive ports.

Market Dynamics and Customer Landscape

The market offers exquisite yacht interiors, amenities, and features that define a lavish yacht lifestyle. From exclusive yacht clubs to extravagant yacht parties and events, these vessels cater to the elite seeking premium experiences. Yacht brokers assist in the acquisition of top luxury yacht brands , and services such as yacht rentals, insurance, maintenance, and refurbishment ensure the continued opulence of these vessels. Yacht customization allows owners to personalize their yachts, while a range of yacht accessories and advanced yacht navigation systems enhance the onboard experience. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increase in recreational tourism is the key factor driving the market growth. Tourism is a crucial economic activity globally, contributing significantly to the economic growth, job creation, and social advancement of many nations. It also has a notable impact on the market, particularly through commercial yacht operators and fleet operators, as well as yacht brokers , luxury yacht brands, yacht ownership, luxury yacht prices , yacht auctions, and luxury yacht rentals . Countries like Greece, Spain, France, and Italy, with their picturesque landscapes, are popular destinations for tourists, particularly the affluent segment. These countries also attract business events and meetings, where luxury yachts are chartered from fleet operators.

Europe stands out as a major hub for yachting, with the Port of Rotterdam in the Netherlands serving as Europe's largest yacht port, hosting around 77 luxury yachts for high-end tourism. The growth in tourism and recreational activities is expected to be a significant driver for the market in the coming years.

Major Market Trend

The use of advanced materials will fuel the market growth. Most traditional yachts are built using either steel or aluminum, which makes the yachts heavy and reduces their fuel economy. Although steel and aluminum are less expensive than alternative materials, such as glass fiber reinforced materials or pure carbon fiber, yacht makers realize the overall benefits of using carbon fiber in the construction of the boat. Carbon fiber extensively reduces the yacht's weight, which makes the yacht fast and fuel-efficient. This cost-saving from improved fuel economy offsets the additional manufacturing cost incurred by using carbon fiber. Also, carbon fiber provides additional strength and durability to the boat's dynamics, which enables it to withstand harsh conditions in the seas.

Carbon-fiber-based composite is a heavy-duty, military-grade, lightweight material . Due to this, it is a widely used material in yacht manufacturing. The carbon-fiber-based boat draws about 7.7' water as compared to aluminum-based boats that draw about 9'-10' water, which means this boat can easily sail in deep or shallow waters. So growing use of advanced materials in yacht making is fueling the market in focus during the forecast period.

Significant  Market Challenge

The high cost of operations is a major challenge to global market growth. Motor types have every modern convenience installed onboard, such as ACs, television, navigation aids, radar, echo-sounding, and autopilot. To power all these amenities, luxury yachts require a reliable power-generating system. Thus, these yachts use gasoline or diesel-powered internal combustion engine ICEs to sail along with powering these modern conveniences and charging onboard batteries. As these yachts need to run at speeds up to 70 knots, the ICEs that are needed to power the amenities and run the yachts are huge and have high fuel requirements. However, any potential customer can avail of the booking facility through a third-party broker instead of the central agent, where both brokers share commissions.

In one way, such arrangements allow potential clients to avail or access a wide range of information on fleet booking and thereby select a suitable booking option based on their comfort. However, due to the involvement of multiple participants, both the operational cost and complexities in availing services augment further. Thus, the high cost of operations hinders the market growth during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Luxury Yacht Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

oceanalexander.com -  The company offers luxury yachts such as Divergence, Revolution, and Explorer. Also, the company offers a yacht series designed by Evan Marshall and Arrabito Naval Architects, which offers unwavering safety, luxurious spaces, and sleek design.

The report also includes detailed analyses of the competitive landscape of the market and information about 120 market companies, including:

• Alexander Marine International
• Azimut Benetti SpA
• Christensen Shipyards LLC
• Damen Shipyards Group
• Feadship Holland BV
• FERRETTI SpA
• Fincantieri Spa
• Fr. Lurssen Werft GmbH
• Gruppo Fipa Srl
• Heesen Yachts Sales BV
• Horizon Yacht USA
• Nobiskrug Yachts GmbH
• Overmarine Group Spa
• Palmer Johnson
• Palumbo Group Spa
• Perini Navi Spa
• Sanlorenzo Spa
• Viking Yacht Co.
• Westport Yachts

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

You may be interested in the regional reports:

Europe Luxury Yacht market  - The market witnessed sales of 412 luxury yachts in 2014, and the European market emerging as its largest contributor with revenues close to USD 2 billion. 

• Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Sail yachts and Motor yachts), Application (Commercial and Private), and Geography (Europe, APAC, North America, South America, and Middle East and Africa).

• Sail yachts
• Motor yachts
• Rest of Europe
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

Market Analyst Overview

The market encompasses a range of high-end offerings, from superyachts to mega yachts. Buyers can choose between luxury yacht sales or opt for luxury boat rentals and luxury yacht charters for more temporary enjoyment. These vessels often boast luxury yacht amenities and luxury yacht features designed to provide a lavish Luxury yacht lifestyle. The market is supported by luxury yacht builders who specialize in luxury yacht design and construction. Despite its exclusivity, the market faces luxury yacht market challenges such as yacht maintenance and yacht refurbishment. However, with the right yacht insurance and yacht technology, the luxury yacht market continues to grow, offering unique yacht events and luxury yacht vacations to affluent consumers.

The market is a dynamic sector that continues to evolve with new yacht propulsion technologies and innovative yacht construction techniques. Luxury yacht market analysis reveals trends indicating steady Luxury yacht market growth and a positive Luxury yacht market outlook . The market is driven by various Luxury yacht market dynamics, including consumer demand for unique experiences and the allure of luxury lifestyles. As the market expands, luxury yacht market segmentation becomes more refined, catering to niche markets. This competitiveness drives luxury yacht market competition, prompting companies to seek new luxury yacht market opportunities and luxury yacht market trends for growth and differentiation.

The market is driven by a passion for recreational and leisure activities and the desire for livability on the seas. These yachts, often made from fiber reinforced polymers or metal/alloys, boast impressive lengths and innovative technological innovations to enhance the onboard experience. They offer a luxurious lifestyle, attracting buyers from the affluent segments of society. Key considerations for buyers include fuel consumption , s tiffness, and corrosion resistance. Despite the allure of these vessels, the market faces challenges from the threat of substitutes and the threat of new entrants, alongside the bargaining power of buyers seeking the ultimate sailing luxury yacht experience.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• Exhibit 12: Offerings of vendors included in the market definition
• Exhibit 13: Market segments
• 3.3 Market size 2022
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• Exhibit 18: Historic Market Size – Data Table on Global luxury yacht market 2017 - 2021 (thousand units)
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 (thousand units)
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (thousand units)
• Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 (thousand units)
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

5 Five Forces Analysis

• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type
• Exhibit 34: Chart on Sail yachts - Market size and forecast 2022-2027 (thousand units)
• Exhibit 35: Data Table on Sail yachts - Market size and forecast 2022-2027 (thousand units)
• Exhibit 36: Chart on Sail yachts - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Sail yachts - Year-over-year growth 2022-2027 (%)
• Exhibit 38: Chart on Motor yachts - Market size and forecast 2022-2027 (thousand units)
• Exhibit 39: Data Table on Motor yachts - Market size and forecast 2022-2027 (thousand units)
• Exhibit 40: Chart on Motor yachts - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Motor yachts - Year-over-year growth 2022-2027 (%)
• Exhibit 42: Market opportunity by Type (thousand units)

7 Market Segmentation by Application

• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application
• Exhibit 47: Chart on Commercial - Market size and forecast 2022-2027 (thousand units)
• Exhibit 48: Data Table on Commercial - Market size and forecast 2022-2027 (thousand units)
• Exhibit 49: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Chart on Private - Market size and forecast 2022-2027 (thousand units)
• Exhibit 52: Data Table on Private - Market size and forecast 2022-2027 (thousand units)
• Exhibit 53: Chart on Private - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Private - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Market opportunity by Application (thousand units)

8 Customer Landscape

• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison
• Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
• Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
• Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (thousand units)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 (thousand units)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 (thousand units)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 (thousand units)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 (thousand units)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 (thousand units)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand units)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand units)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 (thousand units)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 (thousand units)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 101: Market opportunity by geography (thousand units)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers
• 10.2 Market challenges
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027
• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
• Exhibit 104: Overview on factors of disruption
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• Exhibit 106: Vendors covered
• Exhibit 107: Matrix on vendor position and classification
• Exhibit 108: Alexander Marine International - Overview
• Exhibit 109: Alexander Marine International - Product / Service
• Exhibit 110: Alexander Marine International - Key offerings
• Exhibit 111: Azimut Benetti SpA - Overview
• Exhibit 112: Azimut Benetti SpA - Product / Service
• Exhibit 113: Azimut Benetti SpA - Key offerings
• Exhibit 114: Christensen Shipyards LLC - Overview
• Exhibit 115: Christensen Shipyards LLC - Product / Service
• Exhibit 116: Christensen Shipyards LLC - Key offerings
• Exhibit 117: Damen Shipyards Group - Overview
• Exhibit 118: Damen Shipyards Group - Product / Service
• Exhibit 119: Damen Shipyards Group - Key news
• Exhibit 120: Damen Shipyards Group - Key offerings
• Exhibit 121: Feadship Holland BV - Overview
• Exhibit 122: Feadship Holland BV - Product / Service
• Exhibit 123: Feadship Holland BV - Key offerings
• Exhibit 124: FERRETTI SpA - Overview
• Exhibit 125: FERRETTI SpA - Product / Service
• Exhibit 126: FERRETTI SpA - Key offerings
• Exhibit 127: Fr. Lurssen Werft GmbH - Overview
• Exhibit 128: Fr. Lurssen Werft GmbH - Product / Service
• Exhibit 129: Fr. Lurssen Werft GmbH - Key offerings
• Exhibit 130: Heesen Yachts Sales BV - Overview
• Exhibit 131: Heesen Yachts Sales BV - Product / Service
• Exhibit 132: Heesen Yachts Sales BV - Key news
• Exhibit 133: Heesen Yachts Sales BV - Key offerings
• Exhibit 134: Horizon Yacht USA - Overview
• Exhibit 135: Horizon Yacht USA - Product / Service
• Exhibit 136: Horizon Yacht USA - Key offerings
• Exhibit 137: Oceanco SAM - Overview
• Exhibit 138: Oceanco SAM - Product / Service
• Exhibit 139: Oceanco SAM - Key offerings
• Exhibit 140: Overmarine Group Spa - Overview
• Exhibit 141: Overmarine Group Spa - Product / Service
• Exhibit 142: Overmarine Group Spa - Key offerings
• Exhibit 143: Palmer Johnson - Overview
• Exhibit 144: Palmer Johnson - Product / Service
• Exhibit 145: Palmer Johnson - Key offerings
• Exhibit 146: Palumbo Group Spa - Overview
• Exhibit 147: Palumbo Group Spa - Product / Service
• Exhibit 148: Palumbo Group Spa - Key offerings
• Exhibit 149: Viking Yacht Co. - Overview
• Exhibit 150: Viking Yacht Co. - Product / Service
• Exhibit 151: Viking Yacht Co. - Key offerings
• Exhibit 152: Westport Yachts - Overview
• Exhibit 153: Westport Yachts - Product / Service
• Exhibit 154: Westport Yachts - Key offerings

13 Appendix

• 13.1 Scope of the report
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist
• Exhibit 157: Currency conversion rates for US$
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources
• Exhibit 161: List of abbreviations

Frequently Asked Questions?

What is the study period of luxury yacht market , which region is expected to show the highest market share in the luxury yacht market , what are the major market players covered in the report , what is the current size of the luxury yacht market , what is the year-over-year growth rate of market 2023-2027 .

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Top 4 Luxury Yacht Manufacturers Companies in the World

Top 4 Leading Companies Explored by EMR for Luxury Yachts Market Across the World

• Posted on 27 Jul 2022

Azimut Benetti S.p.A, Ferretti SPA, Lürssen, Feadship, Fincantieri S.p.A., Horizon Yacht USA, and Heesen Yachts Sales B.V., among others, are the major players in the global luxury yachts market.

In the forecast period of 2022-2027, the global luxury yachts market is expected to grow at a CAGR of 8%. As per the analysis by Expert Market Research, the global luxury yacht market is being driven by the rising population of high-net-worth individuals, particularly billionaires, as they constitute the major consumer group in the market.

The growth of the maritime tourism industry, aided by several government initiatives, has boosted the growth of the luxury yachts market. The innovative features being introduced in yachts is bringing a lot of attention to the market. HVAC systems, radar, navigation, TV, autopilot, and a dependable power generating system are some of the spectacular features in the yachts. Another important feature is the use of lighter hull material like fibre reinforced plastic (FRP), which increases the speed and reduces the fuel consumption of the yacht. All these factors are expected to significantly propel the market growth in the forecast period.

The market in the European region is expected to witness a tremendous growth in the near future owing to the increasing technological advancements and R&D activities. The rising investments in Europe to ensure luxurious, comfortable, and high-quality interiors are further expected to bolster the market growth in the region. Some of the major regions in the European market for luxury yachts are Italy, the United Kingdom, and the Netherlands. Italy is one of the most significant markets for luxury yachts due to the strong presence of domestic yachts manufacturers and favourable government policies in the region. The market in the Asia Pacific region is also a major emerging market for luxury yachts due to the rapidly developing economies, increasing disposable incomes, and the growing manufacturing sector in the region. The growing luxury tourism sectors and favourable government initiatives are expected to propel the market growth in the region. Some of the major markets in the region are China, Japan, Singapore, Australia, Thailand, the Philippines, Indonesia, and Malaysia.  

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Top 4 Global Luxury Yachts Companies:

Azimut benetti s.p.a.

This company is the global leading builder of mega yachts and is the largest private group in the yacht sector. The company operates in 68 countries with a huge network of 138 sales and assistance offices. The company owns the famous brands Azimut Yachts, Benetti Yachts, Yachtique, Lusben, Marina di Varazze and Royal Yacht Club Moscow and offers a vast range of exclusive motor boats from small boats to huge yachts.  

Ferretti Group

This company is a leader in the design, construction , and sale of luxury yachts. The company’s portfolio has some of the most famous brands in the sector, namely, Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally. This Italian company is known for its utmost quality, superior technology, safety, and optimum performance, and sells their products in over 70 countries globally.  

Lürssen

Lurssen deals with the design and construction of yachts, naval ships, and special vessels. This company is known for their superior quality and innovative technology and has delivered some of the world’s best luxury yachts such as Azzam, Dilbar, Al Said, and Nord.  

This company is regarded as a leader in the custom superyacht sector. It deals with the design and construction of high-end luxury superyachts and has also built some of the famous superyachts such as Aquarius, Symphony, and Venus. This company is known for its superior standard in design, construction, and engineering of superyachts and is globally renowned in the yacht sector.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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Price Forecast

• Cars, Jets & Yachts

Monaco Yacht Show 2024: The Biggest, Boldest and Most Expensive Superyachts To See

Even in its 33rd year, Monaco Yacht Show continues to break its own milestones.

By Ellys Woodhouse and Toby Louch

The principality of Monaco has a calendar that’s filled with major events. While the financial benefits of this little tax haven ensure its population remains fairly well stocked with super-rich and socialites year-round, it’s these events that truly bring the masses. April calls for the tennis at The Rolex Monte-Carlo Masters; in May it’s time for the Formula One Grand Prix ; June brings the world-famous car show Top Marques ; and summer draws to a close with perhaps the most glam of the bunch, the Monaco Yacht Show, which this year falls on September 25 – 28.

For those interested in gazing upon some of the finest yachts that can be found anywhere in the world, Monaco ’s Port Hercules is a pretty good spot year-round, but for the weekend of the Monaco Yacht Show, things enter a different league.

The Monaco Yacht Show is essentially a gathering of the global superyacht community. From owners to innovators, manufacturers and brokers, all head to the principality. Each year, builders and brokers present around 120 superyachts and 60 luxury tenders , with many of these reflecting current industry trends and revealing the potential future direction of the industry. These vessels boast an average length of around 160 ft, with a sprinkling of superyachts that top the 320 ft mark – with this year’s headliner clocking in at 400 ft.

Aside from the yachts themselves, visitors can expect countless designers improving yacht interiors and engineers working to ensure the industry becomes more sustainable. There’s sure to be a lot going on.

So ahead of this year’s event, Elite Traveler has looked into which yachts will be on display at Port Hercules and curated a list of some of the show’s unmissable vessels. So blow the dust off your Panama hat and add a few zeros to your credit card limit, because these are some of the biggest, boldest and most expensive boats attending the 2024 Monaco Yacht Show.

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The undisputed biggest headline of this year’s show – in every sense of the word – Lürssen’s Kismet will be the largest yacht to go on display in Port Hercules. While the previous title holder was another from Lürssen, the 377.6-ft Ahpo, the Kismet takes its victory by a considerable mile, clocking in at 400 ft. Previously known as Project Jag, the Kisamet was handed over to owner Shahid Khan in May 2024, making it one of the show’s newest deliveries, too. 

With exterior design by Nuvolari Lenard and naval architecture by Lürssen Yachts along with Reymond Langton Design working on the yacht’s interiors , Kismet is decked out with a helipad, beauty salon, indoor and outdoor cinema, dance floor and gym. Perhaps unsurprising, but all this makes Kisamet one of the most expensive yachts to charter , too, asking for €3m (approx. $3.4m) per week with Cecil Wright & Partners. 

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Delivered in 2019 by SilverYachts and refitted in 2024, the almost 280-ft, self-described ‘sports activity vessel’ Bold takes center stage at Monaco Yacht Show 2024. Designers Espen Øino created the superyacht’s striking, military-inspired exterior, creating a unique glass-enclosed loft on the upper deck that covers over 3,200 sq-ft of interior space. Meanwhile, Vain Interiors has created an opulent, New York-style loft, which is built to accommodate up to 12 overnight guests in eight luxurious staterooms and can carry up to 96 passengers while cruising.

With a a huge selection of water toys, a vast outdoor entertaining area with a bar and Teppanyaki grill, a cinema, an eight-person hot tub and a lounge surrounding a firepit, it’s no surprise that the Bold is a popular charter yacht, with Holl Robinson asking €875,000 ($972, 800) per week. 

Following an extensive, three-year rebuild, the most expensive superyacht on the market has returned to Port Hercules for 2024, complete with a new look – and price tag, too, asking for €295m ($328m). The 344.5-ft Oceanco H3 superyacht has already picked up a handful of international awards for the new look and is expected to impress many fans at Monaco Yacht Show 2024. 

In addition to the extra 10 meters that were added to the H3 ’s hull, the rebuild – from the likes of Reymond Langton Design, which worked on both the exterior and interior redesign, and the collaboration between Lateral Naval Architects and Oceanco on its naval architecture – also saw a pool deck, huge spa and wellness area and climate-controlled winter garden added to H3 ’s numerous amenities. 

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With its distinctive, shark-like exterior design, the 295-ft superyacht DAR will be hard not to miss at Monaco Yacht Show 2024. Built by Oceanco with exteriors designed by Luiz de Basto Design, the glossy black silhouette was inspired by the look of the hammerhead shark, with sinuous lines, wide set wing stations and a mast modeled after a dorsal fin. 

Meanwhile, renowned Italy-based studio Nuvolari & Lenard has crafted swooping, contemporary interiors. DAR’s impressive features include a complete owner’s deck, complete with a private salon and jacuzzi, a wellness area, an impressive beach club, and two helipads for private use. Offering grandeur and complete privacy in equal doses, DAR can accommodate up to 14 guests in overnight accommodation, with separate living quarters to host as many as 31 crew members.

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Despite only hitting the waters in June this year, the first wallywind110, Galma , is set to make its global debut at Monaco Yacht Show 2024. Measuring almost 110 ft, Galma ’s naval architecture comes from German studio judel/vrolijk & co while interior and exterior lines are designed by Wally in collaboration with Santa Maria Magnolfi. With a design that offers the comfort of a cruising yacht while maintaining the performance of a racing boat, Galma is characterized by the 22.6-ft telescopic keel and an all-carbon hull that has been painted in light metallic blue.

Other highlights of Galma include an 860-sq-ft full-beam cockpit with seating and dining for up to 15 people, as well as an open-plan raised saloon. Galma can accommodate up to eight guests overnight, with five crew members. 

monacoyachtshow.com

[See also: The Ultimate Guide to Hydrogen-powered Yachts]

Ellys Woodhouse

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