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How has the sailing yacht market size evolved in recent years?

In recent times, there has been a significant increase in the size of the sailing yacht market. The market is expected to expand from $3.44 billion in 2024 to $3.67 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.7%. The surge experienced in the historical period can be credited to factors such as the rising trend of lavish recreational activities, growth in the tourism sector, enhanced disposable income in emerging markets, increased involvement in sailing events and the surge in yacht chartering and rental services.

What are the predictions for the sailing yacht market size in the coming years?

The sailing yacht market size is expected to see strong growth in the next few years. It will grow to $4.7 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing demand for eco friendly transportation, rising interest in experiential travel, growth in luxury tourism, increasing availability of yacht finance options, growth in coastal real estate development. Major trends in the forecast period include the integration of smart connectivity features, advancement in satellite communication systems, implementation of lightweight materials, adoption of virtual reality (VR) in design, advancement in navigation and mapping systems.

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What key factors are fueling the growth of the sailing yacht market?

The surge in tourism is predicted to drive the expansion of the sailing yacht market in the coming years. The growth of tourism can be attributed to factors such as enhancements in transportation infrastructure, economic expansion, marketing initiatives, and increases in disposable income. Sailing yachts enhance tourism by facilitating unique travel opportunities, reaching remote locations, and meeting the rising demand for luxury and adventure tourism. For example, data from the Croatian Bureau of Statistics, a government agency, revealed that in 2023, commercial lodging facilities experienced 17.8 million tourist entries and 90.0 million overnight stays. This represented an increase of 39.1% and 28.3% respectively from 2021. As a result, the boom in tourism is a significant factor propelling the sailing yacht market’s growth.

How is the global sailing yacht market divided into key segments?

The sailing yacht market covered in this report is segmented –

1) By Type: Non-Powered Yachts, Motor Yachts

2) By Propulsion Technology: Fixed Pitch Propulsion, Variable Pitch Propulsion, Folding Propulsion

3) By Application: Private Use, Commercial Use, Special Use

Subsegments:

1) By Non-Powered Yachts: Monohull Sailing Yachts, Multihull Sailing Yachts

2) By Motor Yachts: Displacement Motor Yachts, Planing Motor Yachts, Hybrid Motor Yachts

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What are the top market players propelling the growth of the sailing yacht industry?

Major companies operating in the sailing yacht market are Sabre Yachts Corporation, Ferretti S.p.A., Sunseeker, Hinckley Yachts, HanseYachts AG, Bavaria Yachts, Dufour Yachts, Catalina Yachts, Oceanco, Baltic Yachts Oy Ab Ltd., Nautor’s Swan Oy, Garcia Yachts, Tartan Yachts, BSI Group, Morris Yachts, Hylas Yachts International, Island Packet Yachts, RM Yachts, Azimut Benetti S.p.A., Alerion Yachts, Italia Yachts srl, Chantiers Amel

What are the key trends shaping the future of the sailing yacht market?

Leading businesses involved in the sailing yacht market are expanding their technological advancements, such as boiler technology, to boost speed and productivity on the sea. The eFoiler technology is a progressive electric propulsion system that employs hydrofoil tech to elevate the boat’s hull above the water, thereby enhancing efficiency, mitigating drag, and augmenting speed. For example, Artemis Technologies, a technological firm based in the UK, launched the eFoiler system in June 2022. This was a significant step in maritime sustainability as it powered electric foiling workboats with no emissions. These vessels are not only capable of attaining speed up to 34 knots and covering 60 nautical miles but also cater to global workboat and crew transfer requirements. They deliver unrivaled efficiency and environmental advantages when compared to their fossil fuel counterparts.

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Which regions are most influential in expanding the sailing yacht market?

Europe was the largest region in the sailing yacht market in 2024. The regions covered in the sailing yacht market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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