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Yacht Industry - Global Market Trajectory & Analytics

  • ID: 2905656
  • Report
  • May 2020
  • Region: Global
  • 276 pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Yacht Industry market worldwide will grow by a projected US$20.6 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.1%. Yacht Industry, one of the segments analyzed and sized in this study, is forecast to grow at over 4.1% and reach a market size of US$84.7 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Yacht Industry market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$1.2 Billion to the region's size over the next 7 to 8 years. In addition, over US$881.9 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Yacht Industry segment will reach a market size of US$5.7 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Yacht Industry market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 4% over the next couple of years and add approximately US$3.4 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Yacht Industry market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

Amels BV, Azimut - Benetti Group, Baglietto s.p.a, Bavaria Yachtbau GmbH, BENETEAU, Brunswick Corporation, Cheoy Lee Shipyards Limited, Dyna Craft Ltd, Feadship, Ferretti S.p.a, FIPA Group, Fr. Lürssen Werft GmbH & Co. KG, HanseYachts AG, Heesen Yachts, Horizon Yacht Company, ICON Yachts BV, Kingship Marine Limited, O Yachts, Oceanco, Overmarine Group, Perini Navi S.p.a, Princess Yachts International Plc, Sanlorenzo S.p.a, Shanghai Double Happiness Yacht Co. Ltd, Sunbird Yacht Co, Ltd, Sunrise Yachts, Sunseeker International, Trinity Yachts

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Yachts: Floating Luxuries and More!
Key Trends in Yachting Industry - In a Nutshell
Recent Market Activity
Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
Yachting: A Leisure Activity for Billionaires
Increasing Disposable Incomes to Propel Yacht Sales
Developed Regions: Key Revenue Contributors
China Evolves into Fastest Growing Market for Yachts
Yachting Set to Make Substantial Gains in Developing Regions
Decoding the Yacht Customer in Developing Markets
Stable Economic Scenario to Aid Market Growth
Positive Tide in Global Ship & Boat Building Sector Generates Opportunities
Competitive Scenario
European Players Dominate the Global Yacht Market
American Companies Aim to Expand Operations
Asian Yacht Builders Emerge in the Market
M&A Activity
Select M&A Deals in the Global Yacht Market (2014-2017)
Yacht Industry Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Global Competitor Market Shares
Yacht Industry Competitor Market Share Scenario Worldwide (in %): 2020 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
Azimut Benetti (Italy)
Baglietto s.p.a (Italy)
Bavaria Yachtbau GmbH (Germany)
BENETEAU (France)
Brunswick Corporation (USA)
Cheoy Lee Shipyards Limited (Hong Kong)
Christensen Shipyards Ltd. (USA)
Dyna Craft Ltd. (Taiwan)
Feadship (The Netherlands)
Ferretti S.p.a (Italy)
FIPA Group (Italy)
Fr. Lürssen Werft GmbH & Co. KG (Germany)
Blohm+Voss Shipyards (Germany)
HanseYachts AG (Germany)
Horizon Yacht Company (Taiwan)
Kingship Marine Limited (Hong Kong)
Oceanco (The Netherlands)
Overmarine Group (Italy)
Perini Navi S.p.a (Italy)
Princess Yachts International Plc (UK)
Sanlorenzo S.p.a (Italy)
Shanghai Double Happiness Yacht Co., Ltd (China)
Sunbird Yacht Co., Ltd. (China)
Sunrise Yachts (Turkey)
Sunseeker International (UK)
Trinity Yachts (USA)
Yantai CIMC Raffles Shipyard Limited (China)

3. MARKET TRENDS & DRIVERS
Rising Demand for Superyachts Triggers Stellar Growth
Steady Growth in Superyacht Sales
Superyachts: New Orders and Build Projects
Superyachts Continue to Get Bigger!
Toys & Accessories Enhance the Entertainment Quotient in Superyachts
Additional Thrust on Advanced Safety & Security Features
Luxury Car Brands & Aerospace Companies Foray into Superyacht Vertical
Popularity of Nautical Tourism Underpins Yacht Market Expansion
Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
Yacht Owners Warm up to Chartering
Yacht Customers Largely Brand Oriented
Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
Surging Interest in Sailing among Women Opens Up Growth Avenues
Aging Population - A Barrier to Growth?
Sailing Yachts for Luxury Yacht Charter Experience
Motor Yachts Dominate the Scenario
Solar Yachts: An Ideal Alternative to Diesel Engine-Power Yachts
Support Yachts Find Favor
Sports Yachts: The Latest Design Trend
Straight Line Yachts Find Favor
Promising Opportunities for Little Ships
Wave of Innovations & Novel Design Elements Entice New Yacht Buyers
Hybrid Propulsion Systems
Hydrofoils Technology
Nature-Inspired Designs & Colors
Innovative Eco-Friendly Features
Design Changes Influence Performance Yachts Market
Carbon Fiber: Emerging as a Preferred Material for Yachts
Composites Demand in Boat Building: On the Rise
Rising Significance of Software in Recreational Maritime Industry
Marinas Look to Address Shortage of Berths for Megayachts
Online Marketing Gradually Gains Momentum among Suppliers
US and European Yacht Brokerage Market - A Synopsis
Environmental Regulations: An Overview
MARPOL Regulation 12A
The Annex VI of MARPOL
Delay in Adoption of IMO’s Stringent Emissions Standards for Yachts
Ballast Water Convention

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Yacht Industry Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Yacht Industry Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Yacht Industry Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 4: United States Yacht Industry Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 5: Yacht Industry Market in the United States: A Historic Review in US$ Million for 2012-2019
CANADA
TABLE 6: Canadian Yacht Industry Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 7: Canadian Yacht Industry Historic Market Review in US$ Million: 2012-2019
JAPAN
TABLE 8: Japanese Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 9: Yacht Industry Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
CHINA
TABLE 10: Chinese Yacht Industry Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 11: Yacht Industry Historic Market Analysis in China in US$ Million: 2012-2019
EUROPE
Market Facts & Figures
Market Analytics
TABLE 12: European Yacht Industry Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 13: Yacht Industry Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 14: European Yacht Industry Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
TABLE 15: Yacht Industry Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 16: French Yacht Industry Historic Market Scenario in US$ Million: 2012-2019
GERMANY
TABLE 17: Yacht Industry Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 18: German Yacht Industry Historic Market Analysis in US$ Million: 2012-2019
ITALY
TABLE 19: Italian Yacht Industry Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 20: Yacht Industry Historic Market Analysis in Italy in US$ Million: 2012-2019
UNITED KINGDOM
TABLE 21: United Kingdom Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 22: Yacht Industry Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
REST OF EUROPE
TABLE 23: Rest of Europe Yacht Industry Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 24: Yacht Industry Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
TABLE 25: Yacht Industry Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 26: Asia-Pacific Yacht Industry Historic Market Scenario in US$ Million: 2012-2019
REST OF WORLD
TABLE 27: Rest of World Yacht Industry Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 28: Rest of World Yacht Industry Historic Market Review in US$ Million: 2012-2019

IV. COMPETITION
Total Companies Profiled: 214
Note: Product cover images may vary from those shown
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