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Luxury Yacht Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5119753
  • Report
  • June 2020
  • Region: Global
  • 90 pages
  • Mordor Intelligence
until Dec 31st 2020
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  • Amels
  • Christensen
  • Feadship
  • Fincantieri Yachts
  • ISA Yachts
  • Nobiskurg
  • MORE
The Luxury Yacht market is anticipated to register a CAGR of about 8%, during the forecast period (2020 - 2025).
  • With an increase in income level of people living around the world, there is an increase in spending on recreational activities which is driving the market. In addition, the natural landscape of countries which have a sea/ocean as a border attract significant number of international tourists every year, especially from the affluent segment of the population. These countries are also preferred destinations for some promotional events and meetings, during which luxury yachts are leased. Therefore, the increase in recreational tourism is expected to positively influence the growth of the global luxury yacht market.
  • Many corporate events and parties are also being held in yachts, which is again seeing yachts being rented.
  • The luxury yacht market has entered the era of eco- consciousness. International Maritime Organization has directed the maritime industry to reduce greenhouse gas emissions by 50% by 2050 from 2008’s levels. As a result, builders and suppliers are working together to find sustainable solutions to reduce consumption at reasonable costs. Many High net worth and ultra-high net worth yacht owners are putting environmental impact first, spurring significant change in yacht building and innovation. This scenario has led to newer, lighter and more fuel-efficient Yachts being developed and further being deployed in the market.
Key Market Trends

Increase in Number of Billionaires Driving the Demand

By the end of 2018, there were 2,101 billionaires around the world, which is 589 more than 2013’s number. This is an increase of around 40%, in the number of billionaires around the world during these 5 years. As the target audience for the luxury yacht market is these ultra-rich individuals, the increasing number of high net worth individuals is expected to drive the market growth. In July 2019, Rafael Nadal, the famous Spanish Tennis Player has bought a custom 80-foot luxury yacht.

Europe is Expected to be the Market Leader

Europe which has the highest share of billionaires globally, and having scenic beauty countries like Greece, Italy etc. is expected to be the market leader during the forecast period. A large number of tourists come in the region and many parties are also organized on private yachts, government initiatives to boost tourism in the region being the major factors for growth in the market.

Government initiatives such as lower marine resort taxes, and easy leasing is helping in expansion of the market in the region. Also, continuous focus on trade and internationalization through commercial strategies and strategic alliances by leading domestic manufacturers such as Azimut Benetti, Sanlorenzo and Ferretti have ensured Italy to remain hub for luxury yacht manufacturing in the region.

Competitive Landscape

The Luxury Yacht market is fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Luxury Yacht market are Sinot Yacht, Feadship, Fr. Lürssen Werft GmbH & Co.KG , Fincantieri Yachts and others. In October 2019, Sinot Yacht and architectural design unveiled world’s first hydrogen powered superyacht Aqua, at Monaco yacht show.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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  • Amels
  • Christensen
  • Feadship
  • Fincantieri Yachts
  • ISA Yachts
  • Nobiskurg
  • MORE
1.1 Study Assumptions
1.2 Scope of the Study



4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5.1 Type
5.1.1 Sailing Luxury Yacht
5.1.2 Motorized Luxury Yacht
5.1.3 Others
5.2 Application
5.2.1 Commercial
5.2.2 Private
5.3 Geography
5.3.1 North America United States Canada Rest of North America
5.3.2 Europe Germany United Kingdom France Rest of Europe
5.3.3 Asia-Pacific India China Japan South Korea Rest of Asia-Pacific
5.3.4 Rest of the World Brazil Mexico United Arab Emirates Other Countries

6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Feadship
6.2.2 Fr. Lürssen Werft GmbH & Co.KG
6.2.3 ISA Yachts
6.2.4 Sinot Yacht Architecture and Design
6.2.5 Fincantieri Yachts
6.2.6 Oceanco Yacht
6.2.7 Nobiskurg
6.2.8 Sunseeker
6.2.9 Christensen
6.2.10 Amels

Note: Product cover images may vary from those shown
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  • Feadship
  • Fr. Lürssen Werft GmbH & Co.KG
  • ISA Yachts
  • Sinot Yacht Architecture and Design
  • Fincantieri Yachts
  • Oceanco Yacht
  • Nobiskurg
  • Sunseeker
  • Christensen
  • Amels
Note: Product cover images may vary from those shown
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