Product Code: MRFR/AM/9400-CR
Market Overview
Luxury Yacht Market is projected to exhibit a healthy CAGR of 7.50 % during the review period. The luxury yacht alludes explicitly to the marine business area that spotlights on trading top of the line, luxurious, and extreme yachts. These yachts are commonly bigger and gloat state of the art innovation, rich elements, and top-quality completions. The luxury yacht industry has been on a fantastic development direction in late many years, generally energized by the rising abundance of people all over the planet. These great vessels, frequently compared to drifting houses or castles, address the apex of plan, innovation, and installed lavishness.
The rising consumption limit of purchasers presents an open door in the luxury yacht market. As buyers' riches and discretionary cashflow develop, they have the monetary assets to enjoy luxury exercises like claiming a yacht. This pattern opens up a bigger pool of clients for luxury yacht producers and dealers. Higher buying power makes shoppers bound to purchase luxury yachts to grandstand their status, prestige, and extravagant way of life. They can bear the cost of the significant expenses related with yacht proprietorship, for example, the price tag, upkeep, team, and other related costs. The rising consumption limit of customers likewise takes into consideration the improvement of bleeding edge and innovatively progressed luxury yachts. Producers can put resources into innovative work to make imaginative elements, rich conveniences, and eco-accommodating advances to fulfill the needs of well-off purchasers.
Market Segment Insights
Based on size, the Luxury Yacht Market has been segmented into 75-120 feet, 121-250 feet and Above 250 feet.
Based on type, the market is segmented into sailing luxury yacht, motorized luxury yacht and others.
Based on material, the Market is segmented into FRP/composites, metal/alloys, others.
Regional Insights
Europe represented ~ 46.4 % of Luxury Yacht Market in 2022. Luxury Yachts are turning out to be more famous in Europe. The luxury yacht market in the Europe region envelops regions like UK, Germany, Spain, France, Italy, and Rest of the Europe. As per European Association, the family extra cash per capita in the EU filled altogether by 14 % somewhere in the range of 2000 and 2009 and by 14 % somewhere in the range of 2013 and 2021.The ascent in discretionary cashflow followed by presence of High-Total assets People (HNWI) and the rising reception of mechanically progressed yachts are a portion of the driving elements of the market.
Asia Pacific is one of the quickest developing markets for Luxury Yacht on the planet. The Asia Pacific luxury yacht market is becoming quickly because of a few elements. The region has a broad shore of north of 135,000 kilometres and numerous beautiful islands, making it an optimal area for oceanic devotees. The travel industry area is additionally driving interest for luxury yachts as voyagers look for extraordinary and paramount encounters. The region's rising expectations for everyday comforts and developing pay levels are further fuelling the interest for lavish Yachts in the region.
Major Players
The major players in the Luxury Yacht Market are Alexander Marine Co Ltd, Damen Shipyards Group, AzimutBenettiS.p.A, Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company among others.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
- 4.1 OVERVIEW
- 4.2 DRIVERS
- 4.2.1 RAPID URBANIZATION, ALONG WITH SIGNIFICANT GROWTH IN THE RECREATIONAL TOURISM SECTOR
- 4.2.2 TECHNOLOGY ADVANCEMENTS IN YACHTING INDUSTRY
- 4.3 RESTRAINTS
- 4.3.1 ENVIRONMENTAL CONCERNS RELATED TO YACHTING ACTIVITIES
- 4.4 OPPORTUNITIES
- 4.4.1 RISING EXPENDITURE CAPACITY OF THE CONSUMERS
- 4.4.2 GROWING DEMAND FOR ALTERNATIVE FUELS IN LUXURY YACHT
- 4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 IMPACT ANALYSIS OF COVID ON LUXURY YACHT MARKET 30
- 4.5.1.1 IMPACT ON OVERALL MARINE INDUSTRY
- 4.5.1.2 ECONOMIC IMPACT
- 4.5.2 IMPACT ON THE SUPPLY CHAIN OF LUXURY YACHT
- 4.5.2.1 PRICE VARIATION OF KEY RAW MATERIAL
- 4.5.2.2 CASH FLOW CONSTRAINTS
- 4.5.2.3 IMPACT ON IMPORT/EXPORT
- 4.5.3 IMPACT ON MARKET DEMAND OF LUXURY YACHT
- 4.5.3.1 IMPACT DUE TO RESTRICTION/LOCKDOWNS
- 4.5.3.2 CONSUMER SENTIMENTS
- 4.5.4 IMPACT ON PRICING
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 DESIGN & DEVELOPMENT
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 MANUFACTURER & ASSEMBLY
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 END USERS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL LUXURY YACHT MARKET, BY SIZE
- 6.1 OVERVIEW
- 6.1.1 GLOBAL LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 38
- 6.2-120 FEET 38
- 6.3-250 FEET 38
- 6.4 ABOVE FEET 38
7 GLOBAL LUXURY YACHT MARKET, BY TYPE
- 7.1 OVERVIEW
- 7.1.1 GLOBAL LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 40
- 7.2 SAILING LUXURY YACHT
- 7.3 MOTORIZED LUXURY YACHT
- 7.4 OTHERS
8 GLOBAL LUXURY YACHT MARKET, BY MATERIAL
- 8.1 OVERVIEW
- 8.1.1 GLOBAL LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 42
- 8.2 FRP/COMPOSITES
- 8.3 METAL/ALLOYS
- 8.4 OTHERS
9 GLOBAL LUXURY YACHT MARKET, BY REGION
- 9.1 OVERVIEW
- 9.1.1 GLOBAL LUXURY YACHT MARKET, BY REGION, VS 2032 (USD MILLION) 44
- 9.1.2 GLOBAL LUXURY YACHT MARKET, BY REGION,-2032 (USD MILLION) 45
- 9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: LUXURY YACHT MARKET, BY COUNTRY,-2032 (USD MILLION) 46
- 9.2.2 NORTH AMERICA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 47
- 9.2.3 NORTH AMERICA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 48
- 9.2.4 NORTH AMERICA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 48
- 9.2.5 US
- 9.2.6 US LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 49
- 9.2.7 US LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 49
- 9.2.8 US LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 49
- 9.2.9 CANADA
- 9.2.10 CANADA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 50
- 9.2.11 CANADA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 50
- 9.2.12 CANADA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 50
- 9.2.13 MEXICO
- 9.2.14 MEXICO LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 51
- 9.2.15 MEXICO LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 51
- 9.2.16 MEXICO LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 51
- 9.3 EUROPE
- 9.3.1 EUROPE: LUXURY YACHT MARKET, BY COUNTRY,-2032 (USD MILLION) 53
- 9.3.2 EUROPE LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 53
- 9.3.3 EUROPE LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 54
- 9.3.4 EUROPE LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 55
- 9.3.5 GERMANY
- 9.3.6 GERMANY LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 55
- 9.3.7 GERMANY LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 55
- 9.3.8 GERMANY LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 55
- 9.3.9 FRANCE
- 9.3.10 FRANCE LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 56
- 9.3.11 FRANCE LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 56
- 9.3.12 FRANCE LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 56
- 9.3.13 UK
- 9.3.14 UK LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 57
- 9.3.15 UK LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 57
- 9.3.16 UK LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 57
- 9.3.17 ITALY
- 9.3.18 ITALY LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 58
- 9.3.19 ITALY LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 58
- 9.3.20 ITALY LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 58
- 9.3.21 REST OF EUROPE
- 9.3.22 REST OF EUROPE LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 59
- 9.3.23 REST OF EUROPE LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 59
- 9.3.24 REST OF EUROPE LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 59
- 9.4 ASIA-PACIFIC
- 9.4.1 ASIA-PACIFIC: LUXURY YACHT MARKET, BY COUNTRY,-2032 (USD MILLION) 61
- 9.4.2 ASIA-PACIFIC LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 61
- 9.4.3 ASIA-PACIFIC LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 62
- 9.4.4 ASIA-PACIFIC LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 63
- 9.4.5 CHINA
- 9.4.6 CHINA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 63
- 9.4.7 CHINA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 63
- 9.4.8 CHINA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 63
- 9.4.9 INDIA
- 9.4.10 INDIA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 64
- 9.4.11 INDIA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 64
- 9.4.12 INDIA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 64
- 9.4.13 JAPAN
- 9.4.14 JAPAN LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 65
- 9.4.15 JAPAN LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 65
- 9.4.16 JAPAN LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 65
- 9.4.17 REST OF ASIA-PACIFIC
- 9.4.18 REST OF ASIA-PACIFIC LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 66
- 9.4.19 REST OF ASIA-PACIFIC LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 66
- 9.4.20 REST OF ASIA-PACIFIC LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 66
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 MIDDLE EAST & AFRICA: LUXURY YACHT MARKET, BY COUNTRY,-2032 (USD MILLION) 68
- 9.5.2 MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 68
- 9.5.3 MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 69
- 9.5.4 MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 70
- 9.5.5 UAE
- 9.5.6 UAE LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 70
- 9.5.7 UAE LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 70
- 9.5.8 UAE LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 70
- 9.5.9 SAUDI ARABIA
- 9.5.10 SAUDI ARABIA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 71
- 9.5.11 SAUDI ARABIA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 71
- 9.5.12 SAUDI ARABIA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 71
- 9.5.13 REST OF MIDDLE EAST & AFRICA
- 9.5.14 REST OF MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 72
- 9.5.15 REST OF MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 72
- 9.5.16 REST OF MIDDLE EAST & AFRICA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 72
- 9.6 SOUTH AMERICA
- 9.6.1 SOUTH AMERICA: LUXURY YACHT MARKET, BY COUNTRY,-2032 (USD MILLION) 74
- 9.6.2 SOUTH AMERICA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 74
- 9.6.3 SOUTH AMERICA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 75
- 9.6.4 SOUTH AMERICA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 76
- 9.6.5 BRAZIL
- 9.6.6 BRAZIL LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 76
- 9.6.7 BRAZIL LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 76
- 9.6.8 BRAZIL LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 76
- 9.6.9 ARGENTINA
- 9.6.10 ARGENTINA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 77
- 9.6.11 ARGENTINA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 77
- 9.6.12 ARGENTINA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 77
- 9.6.13 REST OF SOUTH AMERICA
- 9.6.14 REST OF SOUTH AMERICA LUXURY YACHT MARKET, BY SIZE,-2032 (USD MILLION) 78
- 9.6.15 REST OF SOUTH AMERICA LUXURY YACHT MARKET, BY TYPE,-2032 (USD MILLION) 78
- 9.6.16 REST OF SOUTH AMERICA LUXURY YACHT MARKET, BY MATERIAL,-2032 (USD MILLION) 78
10 COMPETITIVE LANDSCAPE
- 10.1 COMPETITIVE BENCHMARKING
- 10.2 VENDOR SHARE ANALYSIS
- 10.3 RECENT DEVELOPMENTS
- 10.3.1 PRODUCT LAUNCH
- 10.3.2 PARTNERSHIP/AGREEMENT/ COLLABORATION
- 10.3.3 ACQUISITION
11 COMPANY PROFILES
- 11.1 ALEXANDER MARINE INTERNATIONAL
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
- 11.2 FERRETTI S.P.A
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
- 11.3 DAMEN SHIPYARDS GROUP
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
- 11.4 AZIMUT|BENETTI GROUP
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
- 11.5 FEADSHIP
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 SOLUTIONS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
- 11.6 HORIZON YACHT USA
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 KEY STRATEGIES
- 11.7 PRINCESS YACHTS LIMITED
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 SOLUTIONS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
- 11.8 SANLORENZO SPA
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
- 11.9 SUNSEEKER INTERNATIONAL LIMITED
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
- 11.10 VIKING YACHT COMPANY
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES