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Yacht Industry - Market Analysis, Trends, and Forecasts

  • ID: 2905656
  • Report
  • February 2020
  • Region: Global
  • 79 pages
  • Global Industry Analysts, Inc
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Yacht Industry market worldwide is projected to grow by US$21.8 Billion, driven by a compounded growth of 4.4%. Yacht Industry, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$83.2 Billion by the year 2025, Yacht Industry will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$1 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Yacht Industry will reach a market size of US$5.9 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.2% over the next couple of years and add approximately US$3.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. 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 Holland
  • Azimut Benetti
  • Baglietto s.p.a
  • Bavaria Yachtbau GmbH
  • BENETEAU
  • Blohm+Voss Shipyards
  • Brunswick Corporation
  • Cheoy Lee Shipyards Limited
  • Christensen Shipyards Ltd.
  • 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
  • Yantai CIMC Raffles Shipyard Limited
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

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: 2018-2025

TABLE 2: Yacht Industry Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Yacht Industry Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

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: 2018 to 2025

TABLE 5: Yacht Industry Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Yacht Industry Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Yacht Industry Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Yacht Industry Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Yacht Industry Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Yacht Industry Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

Market Analytics

TABLE 12: European Yacht Industry Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Yacht Industry Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Yacht Industry Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Yacht Industry Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Yacht Industry Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Yacht Industry Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Yacht Industry Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Yacht Industry Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Yacht Industry Historic Market Analysis in Italy in US$ Million: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: Yacht Industry Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

REST OF EUROPE

TABLE 23: Rest of Europe Yacht Industry Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 24: Yacht Industry Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 25: Yacht Industry Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 26: Asia-Pacific Yacht Industry Historic Market Scenario in US$ Million: 2009-2017

REST OF WORLD

TABLE 27: Rest of World Yacht Industry Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 28: Rest of World Yacht Industry Historic Market Review in US$ Million: 2009-2017

IV. COMPETITION

Total Companies Profiled: 214

Note: Product cover images may vary from those shown
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