Luxury Yacht Market: Global Industry Trends, Growth, Demand and Forecast Till 2025

Global Luxury Yacht Market Research Report and Forecast 2025

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Report Description

Global Luxury Yacht Market Overview: Luxury yachts are crewed pressure vessels that are used for sports and recreational purposes. Earlier, they were manufactured using wood, but nowadays, they are constructed with the composites of steel, aluminum and plastics as they are lightweight, resistant to corrosion and provide flexibility during the production process. These materials also aid in reducing maintenance costs and enhancing strength while increasing the speed and reducing the fuel consumption of yachts.

Luxury Yacht Market Trends The luxury yacht market has been witnessing growth on account of rapid urbanization, inflating disposable incomes and rising yacht tourism trends. However, the market growth is currently hampered due to the rising cases of the coronavirus disease (COVID-19) and lockdowns imposed by governments of numerous countries. This has further led to the restriction of all non-essential activities and the adoption of social distancing measures, which, in turn, is negatively impacting the market growth. On the other hand, the relaxation in lockdown restrictions is anticipated to provide opportunities for manufacturers in the upcoming years. Other factors, such as the rising consumer expenditure on recreational and leisure activities and significant growth in the travel and tourism industry, are also expected to create a positive outlook for the market.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

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Report Description and Highlights

Report Description Luxury Yacht Market Segmentation: 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

Report Description and Highlights

Report Description Breakup by Application: • •

Commercial Private

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

For more information, click here: https://www.imarcgroup.com/luxury-yacht-market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

Report Description and Highlights

Report Description • • • • • • • • • • • • • •

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 (Metal Shark Boats) Palumbo Group S.P.A Princess Yachts Limited (LVMH Group) Sanlorenzo S.p.A. Sunseeker International (Wanda Group) Viking Yacht Company

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