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Global Yacht Market Size, Share & Trends Analysis Report by Type (Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht), by Length, by Propulsion, by Region, and Segment Forecasts, 2021-2028

  • ID: 5415418
  • Report
  • April 2021
  • Region: Global
  • 80 pages
  • Grand View Research

FEATURED COMPANIES

  • Azimut Benetti Group
  • Damen Shipyards Group
  • Ferretti S.p.A.
  • Heesen Group
  • Princess Yachts Limited
  • Sunseeker International
The global yacht market size is expected to reach USD 12.16 billion by 2028. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities across the globe are expected to further drive the market.



The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. A significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high-net-worth individuals are also likely to contribute to the growth of the regional markets.

According to the World Bank, High-Net-Worth Individuals (HNWI) account for less than 1% of the world’s total population and more than 40% of the world’s total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.

The increasing adoption rate has compelled manufacturers to invest in research and development on building yachts using high-strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, the digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.

Yacht Market Report Highlights

  • The market is anticipated to experience a substantial CAGR of 5.2% on account of the growing emphasis on marine tourism
  • The sports yacht segment is anticipated to register the highest CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
  • The 20-to-50-meter length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
  • Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to various initiatives undertaken by the government to boost marine tourism and the rising disposable income of individuals
  • The novel coronavirus severely impacted the market during the initial months of the pandemic as governments imposed strict lockdowns across various regions globally
  • The market is oligopolistic and is dominated by key players, such as Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a., Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Azimut Benetti Group
  • Damen Shipyards Group
  • Ferretti S.p.A.
  • Heesen Group
  • Princess Yachts Limited
  • Sunseeker International
Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook

Chapter 3. Market Variable, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ Ancillary Market Outlook
3.2. Yacht Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Market Opportunity Analysis
3.3. Penetration & Growth Prospect Mapping
3.4. Yacht Market Industry Analysis - Value Chain
3.5. Yacht Market Industry Analysis - Porter’s
3.5.1. Supplier Power
3.5.2. Buyer Power
3.5.3. Substitution Threat
3.5.4. Threat of New Entrants
3.5.5. Competitive Rivalry
3.6. Yacht Market Industry Analysis - PEST
3.6.1. Political & Legal Landscape
3.6.2. Environmental Landscape
3.6.3. Social Landscape
3.6.4. Technology Landscape

Chapter 4. Yacht Market: Type Outlook
4.1. Yacht Market: Type Analysis
4.1.1. Super Yacht
4.1.2. Flybridge Yacht
4.1.3. Sport Yacht
4.1.4. Long Range Yacht
4.1.5. Others

Chapter 5. Yacht Market: Yacht Length Outlook
5.1. Yacht Market: Yacht Length Analysis
5.1.1. Up to 20 meters
5.1.2. 20 - 50 meters
5.1.3. Above 50 meters

Chapter 6. Yacht Market: Propulsion Outlook
6.1. Yacht Market: Propulsion Analysis
6.1.1. Motor Yacht
6.1.2. Sailing Yacht

Chapter 7. Yacht Market: Regional Outlook
7.1. Yacht Market Share By Region, 2020 & 2028
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.3. Europe
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.4. Asia Pacific
7.4.1. China
7.4.2. India
7.4.3. Japan
7.5. Latin America
7.5.1. Brazil
7.5.2. Mexico
7.6. Middle East & Africa

Chapter 8. Competitive Analysis
8.1. Recent Developments & Impact Analysis, by Key Market Participants
8.2. Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Vendor Landscape
8.3.1. Key Company Analysis, 2020
8.3.2. Company Market Position Analysis
8.3.3. Competitive Dashboard Analysis

Chapter 9. Competitive Landscape
9.1. Azimut Benetti Group
9.1.1. Company overview
9.1.2. Financial Performance
9.1.3. Product benchmarking
9.1.4. Recent developments
9.2. Damen Shipyards Group
9.2.1. Company overview
9.2.2. Financial Performance
9.2.3. Product benchmarking
9.2.4. Recent developments
9.3. Heesen Group
9.3.1. Company overview
9.3.2. Financial Performance
9.3.3. Product benchmarking
9.3.4. Recent developments
9.4. The San Lorenzo S.p.a
9.4.1. Company overview
9.4.2. Financial performance
9.4.3. Product benchmarking
9.4.4. Recent developments
9.5. Sunseeker International
9.5.1. Company overview
9.5.2. Financial Performance
9.5.3. Product benchmarking
9.5.4. Recent developments
9.6. Ferretti S.p.A.
9.6.1. Company overview
9.6.2. Financial Performance
9.6.3. Product benchmarking
9.6.4. Recent developments
9.7. Alexander Marine International Co., Ltd. (AMI)
9.7.1. Company overview
9.7.2. Financial Performance
9.7.3. Product benchmarking
9.7.4. Recent developments
9.8. Princess Yachts Limited
9.8.1. Company overview
9.8.2. Financial Performance
9.8.3. Product benchmarking
9.8.4. Recent developments
9.9. Viking Yacht Company
9.9.1. Company overview
9.9.2. Financial Performance
9.9.3. Product benchmarking
9.9.4. Recent developments

List of Tables
Table 1 List of abbreviations
Table 2 Yacht market - Industry snapshot & key buying criteria, 2017 - 2028
Table 3 Yacht market, 2017 - 2028 (USD Million)
Table 4 Yacht market, by region, 2017 - 2028 (USD Million)
Table 5 Yacht market, by type, 2017 - 2028 (USD Million)
Table 6 Yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 7 Yacht Market, by propulsion, 2017 - 2028 (USD Million)
Table 8 Super yacht market, 2017 - 2028 (USD Million)
Table 9 Super yacht market, by region, 2017 - 2028 (USD Million)
Table 10 Flybridge yacht market, 2017 - 2028 (USD Million)
Table 11 Flybridge yacht market, by region, 2017 - 2028 (USD Million)
Table 12 Sport yacht market, 2017 - 2028 (USD Million)
Table 13 Sport yacht market, by region, 2017 - 2028 (USD Million)
Table 14 Long-range yacht market, 2017 - 2028 (USD Million)
Table 15 Long-range yacht market, by region, 2017 - 2028 (USD Million)
Table 16 Other yacht market, 2017 - 2028 (USD Million)
Table 17 Other yacht market, by region, 2017 - 2028 (USD Million)
Table 18 Up to 20 meters yacht market, 2017 - 2028 (USD Million)
Table 19 Up to 20 meters yacht market, by region, 2017 - 2028 (USD Million)
Table 20 20 to 50 meters yacht market, 2017 - 2028 (USD Million)
Table 21 20 to 50 meters yacht market, by region, 2017 - 2028 (USD Million)
Table 22 Above 50 meters yacht market, 2017 - 2028 (USD Million)
Table 23 Above 50 meters yacht market, by region, 2017 - 2028 (USD Million)
Table 24 North America yacht market, 2017 - 2028 (USD Million)
Table 25 North America yacht market, by type, 2017 - 2028 (USD Million)
Table 26 North America yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 27 North America yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 28 U.S. yacht market, 2017 - 2028 (USD Million)
Table 29 U.S. yacht market, by type, 2017 - 2028 (USD Million)
Table 30 U.S. yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 31 U.S. yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 32 Canada yacht market, 2017 - 2028 (USD Million)
Table 33 Canada yacht market, by type, 2017 - 2028 (USD Million)
Table 34 Canada yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 35 Canada yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 36 Europe yacht market, 2017 - 2028 (USD Million)
Table 37 Europe yacht market, by type, 2017 - 2028 (USD Million)
Table 38 Europe yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 39 Europe yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 40 U.K. yacht market, 2017 - 2028 (USD Million)
Table 41 U.K. yacht market, by type, 2017 - 2028 (USD Million)
Table 42 U.K. yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 43 U.K. yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 44 Germany yacht market, 2017 - 2028 (USD Million)
Table 45 Germany yacht market, by type, 2017 - 2028 (USD Million)
Table 46 Germany yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 47 Germany yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 48 France yacht market, 2017 - 2028 (USD Million)
Table 49 France yacht market, by type, 2017 - 2028 (USD Million)
Table 50 France yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 51 France yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 52 Asia Pacific yacht market, 2017 - 2028 (USD Million)
Table 53 Asia Pacific yacht market, by type, 2017 - 2028 (USD Million)
Table 54 Asia Pacific yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 55 Asia Pacific yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 56 China yacht market, 2017 - 2028 (USD Million)
Table 57 China yacht market, by type, 2017 - 2028 (USD Million)
Table 58 China yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 59 China yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 60 India yacht market, 2017 - 2028 (USD Million)
Table 61 India yacht market, by type, 2017 - 2028 (USD Million)
Table 62 India yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 63 India yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 64 Japan yacht market, 2017 - 2028 (USD Million)
Table 65 Japan yacht market, by type, 2017 - 2028 (USD Million)
Table 66 Japan yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 67 Japan yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 68 Latin America yacht market, 2017 - 2028 (USD Million)
Table 69 Latin America yacht market, by type, 2017 - 2028 (USD Million)
Table 70 Latin America yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 71 Latin America yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 72 Brazil yacht market, 2017 - 2028 (USD Million)
Table 73 Brazil yacht market, by type, 2017 - 2028 (USD Million)
Table 74 Brazil yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 75 Brazil yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 76 Mexico yacht market, 2017 - 2028 (USD Million)
Table 77 Mexico yacht market, by type, 2017 - 2028 (USD Million)
Table 78 Mexico yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 79 Mexico yacht market, by propulsion, 2017 - 2028 (USD Million)
Table 80 MEA yacht market, 2017 - 2028 (USD Million)
Table 81 MEA yacht market, by type, 2017 - 2028 (USD Million)
Table 82 MEA yacht market, by yacht length, 2017 - 2028 (USD Million)
Table 83 MEA yacht market, by propulsion, 2017 - 2028 (USD Million) 

List of Figures
Fig. 1 Market segmentation & scope
FIG. 2 Yacht market size (Revenue in USD Million) 2017-2028
FIG. 3 Leisure boat market - Value chain analysis
FIG. 4 Market dynamics
FIG. 5 Market driver analysis
FIG. 6 Market restraint/challenge analysis
FIG. 7 Market opportunity analysis
FIG. 8 Penetration & growth prospect mapping
FIG. 9 Porter’s five forces analysis
FIG. 10 Yacht market - PEST analysis
FIG. 11 Yacht market: Type outlook, 2020 & 2028
FIG. 12 Yacht market: Yacht Length outlook, 2020 & 2028
FIG. 13 Yacht market: Propulsion outlook, 2020 & 2028
FIG. 14 Yacht market: Global Shipments, 2017 - 2028
FIG. 15 Yacht market: Regional outlook, 2020 & 2028
Note: Product cover images may vary from those shown
  • Azimut Benetti Group
  • Damen Shipyards Group
  • Heesen Group
  • The San Lorenzo S.p.a
  • Sunseeker International
  • Ferretti S.p.A.
  • Alexander Marine International Co., Ltd. (AMI)
  • Princess Yachts Limited
  • Viking Yacht Company
Note: Product cover images may vary from those shown

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