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Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5742869

Quick Summary:

The global luxury yacht market is currently witnessing robust growth, offering an enticing opportunity for investors looking to ride the wave. The industry's expansion is primarily driven by rapidly increasing urbanization and a notable surge in the recreational tourism sector. Essential elements such as luxury, comfort and leisure are becoming increasingly desirable, shifting the demand towards high-end recreational yachts.

Luxury yachts, often equipped with personalized, luxurious amenities and technologically advanced components, offer an appealing choice for diverse purposes. They are used not only for leisure and sports activities but are also chartered for business meetings and events. Key factors such as the utilization of advanced structural materials and increasing consumer spending ability further boost industry attractiveness. Furthermore, innovations like the use of alternative fuels in the marine industry are paving new growth avenues.

The comprehensive market analysis provided in the report will address key market trends from 2023 to 2028 at the global, regional, and country level, offering detailed insights into the luxury yacht industry. The report segments the market based on type, size, material, application, and regional presence, helping to refine strategic planning. Key players in the market, such as Alexander Marine International and Brunswick Corporation, are analysed in-depth to give a holistic view of the competitive landscape.

Kickstart your investment journey in the luxury yacht industry by acquiring this comprehensive report to navigate the flourishing market with accurate, strategic insights.

The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.7 Billion by 2028, exhibiting a CAGR of 9.92% during 2022-2028.

A luxury yacht is a crewed sailing vehicle that is primarily used for recreational activities and sports. It can be operated through wind sailing or by a propulsion system, such as an internal combustion engine (ICE) and gas turbine. Luxury yachts are commonly manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber and treated wood with epoxy resins. They are usually charted or rented by private entities and accommodated with sophisticated, luxurious and personalized facilities, such as jacuzzi spa, gymnasium, sauna and sun pads. They are also equipped with modern design, style, comfort and technologically advanced components to enhance the overall performance of the yacht and user experiences.

Luxury Yacht Market Trends:

Rapid urbanization, along with significant growth in the recreational tourism sector, is one of the key factors creating a positive outlook for the market. Furthermore, the emerging trend of remote explorations is also providing a boost to the market growth. There is an increasing preference for leisure, sports activities and luxurious experiences by individuals across the globe. Luxury yachts are provided on lease by yacht fleet operators for organizing business meetings, recreational activities and events. Additionally, the utilization of advanced structural materials, such as fiberglass, and the development of customized solutions according to specific requirements and designs, are also contributing to the market growth. Other factors, including rising expenditure capacity of the consumers, along with the utilization of alternative fuels in the marine industry, are expected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global luxury yacht market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, size, material and application.

Breakup by Type:

  • Sailing Luxury Yacht
  • Motorized Luxury Yacht
  • Others

Breakup by Size:

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

Breakup by Material:

  • FRP/ Composites
  • Metal/ Alloys
  • Others

Breakup by Application:

  • Commercial
  • Private

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global luxury yacht market in 2022?
2. What is the expected growth rate of the global luxury yacht market during 2023-2028?
3. What are the key factors driving the global luxury yacht market?
4. What has been the impact of COVID-19 on the global luxury yacht market?
5. What is the breakup of the global luxury yacht market based on the type?
6. What is the breakup of the global luxury yacht market based on the size?
7. What is the breakup of the global luxury yacht market based on material?
8. What is the breakup of the global luxury yacht market based on the application?
9. What are the key regions in the global luxury yacht market?
10. Who are the key players/companies in the global luxury yacht market?
Frequently Asked Questions about the Global Luxury Yacht Market

What is the estimated value of the Global Luxury Yacht Market?

The Global Luxury Yacht Market was estimated to be valued at $7.2 Billion in 2022.

What is the growth rate of the Global Luxury Yacht Market?

The growth rate of the Global Luxury Yacht Market is 9.9%, with an estimated value of $12.7 Billion by 2028.

What is the forecasted size of the Global Luxury Yacht Market?

The Global Luxury Yacht Market is estimated to be worth $12.7 Billion by 2028.

Who are the key companies in the Global Luxury Yacht Market?

Key companies 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 and Horizon Yacht USA.

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Luxury Yacht Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Sailing Luxury Yacht
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Motorized Luxury Yacht
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Size
7.1 75-120 Feet
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 121-250 Feet
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 250 Feet
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Material
8.1 FRP/ Composites
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Metal/ Alloys
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Application
9.1 Commercial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Private
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alexander Marine International
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Azimut - Benetti S.P.A.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Brunswick Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Christensen Shipyards LLC
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Damen Shipyards Group N.V.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Feadship Holland B.V.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Fincantieri S.p.A. (CDP Industria S.p.A.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Heesen Yachts Sales B.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Horizon Yacht USA
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Palumbo Group S.P.A.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Princess Yachts Limited
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Sanlorenzo S.p.A.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 Sunseeker International (Wanda Group)
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.14 Viking Yacht Company
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio

List of Figures
Figure 1: Global: Luxury Yacht Market: Major Drivers and Challenges
Figure 2: Global: Luxury Yacht Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Luxury Yacht Market: Breakup by Type (in %), 2022
Figure 4: Global: Luxury Yacht Market: Breakup by Size (in %), 2022
Figure 5: Global: Luxury Yacht Market: Breakup by Material (in %), 2022
Figure 6: Global: Luxury Yacht Market: Breakup by Application (in %), 2022
Figure 7: Global: Luxury Yacht Market: Breakup by Region (in %), 2022
Figure 8: Global: Luxury Yacht Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Luxury Yacht (Sailing Luxury Yacht) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Luxury Yacht (Sailing Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Luxury Yacht (Motorized Luxury Yacht) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Luxury Yacht (Motorized Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Luxury Yacht (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Luxury Yacht (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Luxury Yacht (75-120 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Luxury Yacht (75-120 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Luxury Yacht (121-250 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Luxury Yacht (121-250 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Luxury Yacht (Above 250 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Luxury Yacht (Above 250 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Luxury Yacht (FRP/ Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Luxury Yacht (FRP/ Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Luxury Yacht (Metal/ Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Luxury Yacht (Metal/ Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Luxury Yacht (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Luxury Yacht (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Luxury Yacht (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Luxury Yacht (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Luxury Yacht (Private) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Luxury Yacht (Private) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Luxury Yacht Industry: SWOT Analysis
Figure 80: Global: Luxury Yacht Industry: Value Chain Analysis
Figure 81: Global: Luxury Yacht Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Luxury Yacht Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Luxury Yacht Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Luxury Yacht Market Forecast: Breakup by Size (in Million US$), 2023-2028
Table 4: Global: Luxury Yacht Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 5: Global: Luxury Yacht Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Luxury Yacht Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Luxury Yacht Market Structure
Table 8: Global: Luxury Yacht Market: Key Players

Companies Mentioned

  • 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

Methodology

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