Product Code: GVR-3-68038-586-1
Yacht Market Growth & Trends:
The global yacht market size is anticipated to reach USD 13.29 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market encompasses the design, construction, sale, and servicing of luxury watercraft ranging from small recreational boats to superyachts exceeding 100 feet in length. Yachts are often categorized by size, usage, and propulsion type, including motor yachts, sailing yachts, and hybrid or electric yachts. The market caters primarily to high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). Technological advancements are introducing eco-friendly options like hybrid and electric propulsion systems, with Feadship leading the charge in hydrogen fuel-cell technology for a sustainable future.
Customization is also in high demand, with clients seeking bespoke vessels that reflect their unique tastes. Builders like Azimut Benetti Group, Damen Shipyards Group, Feadship, and Heesen offer varying levels of personalization, from fully designed yachts to semi-custom models. In addition, environmental consciousness is driving the use of eco-friendly materials and efficient engines, appealing to a new generation of yacht owners concerned about sustainability. Growth in yacht chartering services is expanding access to this lifestyle for a broader audience. This trend allows individuals to experience yachting without the high costs of ownership, with both short- and long-term charters available. Geographically, emerging markets in Asia Pacific and Europe are witnessing significant growth.
These regions are investing in maritime infrastructure, luxury marinas, and regulations to attract yacht owners and charterers. However, economic fluctuations can significantly impact disposable income, particularly for HNWIs and UHNWIs, leading to reduced purchases. Moreover, stringent environmental and safety regulations, which vary by region, can increase manufacturing costs and complicate compliance for global manufacturers. The market is highly competitive, with established players facing increasing pressure from emerging markets, necessitating continuous innovation and differentiation. High maintenance and operational costs deter potential buyers, and the industry must develop cost-effective solutions to ensure yacht ownership remains attractive.
Despite these challenges, the global market boasts established players renowned for their craftsmanship, innovation, and brand prestige. By capitalizing on trends of sustainability and personalized luxury experiences, key players can ensure growth opportunities for this high-end industry. The global market is competitive, with key players like Damen Shipyards Group, Azimut Holding Spa, FERRETTI S.p.A., Sanlorenzo Spa, and WANDA Group, dominating the industry. The competitive landscape of this market is characterized by the presence of both established and new players.
Yacht Market Report Highlights:
- The global market is expected to grow at a CAGR of 5.1% from 2024 to 2030 due to the rising disposable income and increased interest in leisure activities
- Manufacturers incorporate luxury features and improved performance characteristics to meet customer expectations. Increased availability of yacht rentals allows individuals to experience yachting without the high cost of ownership
- Composite materials are gaining popularity due to their corrosion resistance, lower maintenance costs, and better strength-to-weight ratio than traditional wood and fiber-reinforced polymers
- Advancements in telematics and the use of electronically controlled fuel injection systems are improving efficiency and reducing emissions
- The superyacht segment held the largest market share of 31.2% in 2023 due to their high popularity among UHNWIs
- The sport yacht segment is expected to register the highest growth rate of 5.9% from 2024 to 2030 due to the high speed & agility along with the growing popularity of these yachts in countries like China and France
- The 20 to 50 meters yacht length segment gained major traction due to lower maintenance costs, wind sailing capabilities, and shallower draft requirements
- Europe is among the leading regional markets and held a share of 38.9% of the global industry revenue in 2023
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Landscape Outlook
Chapter 3. Yacht Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Yacht Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Yacht Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Yacht Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Super Yacht
- 4.3.1. Super Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Sport Yacht
- 4.4.1. Sport Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Flybridge Yacht
- 4.5.1. Flybridge Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.6. Long Range Yacht
- 4.6.1. Long Range Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Yacht Market: Length Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Yacht Market: Length Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. 20 to 50 m
- 5.3.1. 20 to 50 m Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Above 50 m
- 5.4.1. Above 50 m Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Upto 20 m
- 5.5.1. Upto 20 m Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Yacht Market: Propulsion Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Yacht Market: Propulsion Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Motor Yacht
- 6.3.1. Motor Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Sailing Yacht
- 6.4.1. Sailing Yacht Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Yacht Market: Regional Estimates & Trend Analysis
- 7.1. Yacht Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.3. North America Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.2.4. North America Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.3. Europe Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.4. Europe Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. UK Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.5.3. UK Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.5.4. UK Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.7.3. France Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.7.4. France Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Italy Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.8.2. Italy Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.8.3. Italy Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.8.4. Italy Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Spain Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.9.2. Spain Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.9.3. Spain Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.3.9.4. Spain Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.5.3. China Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.5.4. China Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Yacht Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.7.3. India Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.7.4. India Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.4.8. Indonesia
- 7.4.8.1. Indonesia Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. Indonesia Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.8.3. Indonesia Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.8.4. Indonesia Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East and Africa Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Kingdom of Saudi Arabia (KSA) Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. Kingdom of Saudi Arabia (KSA) Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.5.3. Kingdom of Saudi Arabia (KSA) Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.6.5.4. Kingdom of Saudi Arabia (KSA) Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.6.6. United Arab Emirates (UAE)
- 7.6.6.1. United Arab Emirates (UAE) Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. United Arab Emirates (UAE) Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.6.3. United Arab Emirates (UAE) Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.6.6.4. United Arab Emirates (UAE) Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Yacht Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Yacht Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Yacht Market Estimates and Forecasts, By Length, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Yacht Market Estimates and Forecasts, By Propulsion, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Companies
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Damen Shipyards Group
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. Sanlorenzo Spa
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. WANDA Group
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Viking Yacht Company
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. Flensburger Schiffbau Gesellschaft GmbH (FSG)
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Feadship
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. Azimut Benetti Group
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. Heesen Group
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. Sunseeker International
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. Ferretti S.p.A.
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. Alexander Marine International Co., Ltd. (AMI)
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments
- 8.6.12. Princess Yachts Limited
- 8.6.12.1. Company Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.12.4. Recent Developments