Global Yacht Market Outlook, Opportunities And Strategies – Includes Yacht Market Size
Learn about the global yacht market through The Business Research Company, which provides information on yacht market size, yacht market drivers and restraints, yacht market players, the COVID-19 impact on the yacht market, and more.
The global yacht market is expected to grow from $7.70 billion in 2021 to $8.22 billion in 2022 at a compound annual growth rate (CAGR) of 6.75%. The global yacht market size is expected to reach $9.97 billion in 2026 at a CAGR of 4.95%.
Growing demand for luxury tourism and sailing is expected to propel the demand for the yacht market.
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The yacht market consists of sales of yachts by entities (organizations, sole traders, and partnerships) that refer to the large recreational boats with lengths ranging from 35 feet to 160 feet and capable of operating in ocean waters and turbulent seas. It requires a full crew to handle maintenance, navigation, electronics, engineering, repairs, and stewards.
Global yacht market segments include:
By Type: Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht, Others
By Length: Up to 20 Meters, 20-50 Meters, Above 50 Meters
By Propulsion: Motor, Sail
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global yacht market in 2021
Technological advancement is a key trend gaining popularity in the yacht market. Major yacht companies are focusing on bringing technological advancements to yachts such as electrical power and hydrogen power with robust engines that have higher horsepower and lighter body weight. These yachts are focused on providing a faster commute and more comfortable travel.
TBRC’s yacht market report covers:
Major Market Players: Azimut Benetti, Brunswick Corporation, Christensen Shipyards Ltd, Alexander Marine International, Damen Shipyards Group, Feadship, Ferretti, Viking Yacht Company, Princess Yachts Limited, Sunseeker International, Sanlorenzo SpA, Heesen Yachts, Fincantieri SpA, Horizon Yacht, Palumbo Group, and Bavaria Yachtbau GmbH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Yacht Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides yacht market overviews, analyzes and forecasts market size, share, yacht market players, yacht market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s yacht market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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