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According to the latest research, the global Luxury Yacht market size was valued at USD 7787.2 million in 2022 and is expected to expand at a CAGR of 4.95% during the forecast period, reaching USD 10404.13 million by 2028.
Luxury Yachts can be either sail or motor driven, and are defined by their opulent appearance and the phenomenal expense of their cost and maintenance.
Application area is limited to coastal ports
The yacht's industrial chain is huge and long, gathering labor, technology, knowledge, capital and cultural intensive features. Because there are many affiliated companies in the yacht industry, there are requirements for upstream and downstream industries such as yacht repair, professional yacht maintenance and yacht docks. Therefore, the application area is limited to areas with a certain industrial base along the coast.
High cost of ownership
Luxury yachts are expensive, and maintenance and crew costs average 10% of the original purchase price each year. High prices and maintenance costs have hindered some potential consumers and have some impact on the development of the industry.
Economic upturn and rapid development of tourism
In 2017 and 2018, economic growth in more than half of the world's economies accelerated. Over the past two years, developed economies have grown steadily at a rate of 2.2%. Growth rates in many countries have risen to close to potential growth rates, and unemployment rates in some advanced economies have fallen to historical lows. Among developing economies, East Asia and South Asia continued to maintain relatively strong growth, with growth rates of 5.8% and 5.6% in 2018, respectively. In addition, according to relevant data, the tourism industry has exceeded the global economic growth rate for the seventh consecutive year and has become the fastest-growing industry economy in the world. Macroeconomic developments and consumer trends have brought good development opportunities to the Luxury Yacht industry.
Region Overview:
Geographically, Europe held the largest market share – 67.24% in 2022.
Company Overview:
Azimut/Benetti is one of the major players operating in the Luxury Yacht market, holding a share of 8.12% in 2021.
Azimut/Benetti
Azimut Benetti S.p.A. designs, manufactures, and sells yachts. It offers super, flybridge, sport, and long-range yachts, as well as megayachts and sailing boats. It also charters yachts; and operates marinas and a yacht club. In addition, the company provides financing package options; interior design services for boats; and maintenance services, including refitting, modification, and restructuring.
Lürssen
Lürssen is an independent family-owned shipbuilding company based in Germany that designs and builds yachts, naval vessels and special vessels.
Segmentation Overview:
Among different product types, Motor Luxury Yachts segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Commercial Use segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Luxury Yacht industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Luxury Yacht. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Luxury Yacht Market Report Include:
Market Size Estimates: Luxury Yacht market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Luxury Yacht market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Luxury Yacht market
Segment Market Analysis: Luxury Yacht market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Luxury Yacht market situations and prospects in major and top regions and countries
Luxury Yacht Market
Luxury Yacht Industry Chain: Luxury Yacht market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Luxury Yacht Industry News, Policies by regions
Luxury Yacht Industry Porters Five Forces Analysis
Key players in the global Luxury Yacht market are covered in Chapter 2:
Princess Yachts
Damen Group
Ocean Alexander
Heesen Yachts
Lürssen
Feadship
Azimut/Benetti
Horizon Yacht
Sanlorenzo
Sunseeker
Overmarine Group
Ferretti Group
In Chapter 6 and Chapter 9, on the basis of types, the Luxury Yacht market from 2018 to 2028 is primarily split into:
Motor Luxury Yachts
Sailing Luxury Yachts
In Chapter 7 and Chapter 10, on the basis of applications, the Luxury Yacht market from 2018 to 2028 covers:
Private Use
Commercial Use
Special Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Luxury Yacht market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Luxury Yacht industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Luxury Yacht market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Luxury Yacht industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Luxury Yacht market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Luxury Yacht market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Luxury Yacht market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Luxury Yachts can be either sail or motor driven, and are defined by their opulent appearance and the phenomenal expense of their cost and maintenance.
Application area is limited to coastal ports
The yacht's industrial chain is huge and long, gathering labor, technology, knowledge, capital and cultural intensive features. Because there are many affiliated companies in the yacht industry, there are requirements for upstream and downstream industries such as yacht repair, professional yacht maintenance and yacht docks. Therefore, the application area is limited to areas with a certain industrial base along the coast.
High cost of ownership
Luxury yachts are expensive, and maintenance and crew costs average 10% of the original purchase price each year. High prices and maintenance costs have hindered some potential consumers and have some impact on the development of the industry.
Economic upturn and rapid development of tourism
In 2017 and 2018, economic growth in more than half of the world's economies accelerated. Over the past two years, developed economies have grown steadily at a rate of 2.2%. Growth rates in many countries have risen to close to potential growth rates, and unemployment rates in some advanced economies have fallen to historical lows. Among developing economies, East Asia and South Asia continued to maintain relatively strong growth, with growth rates of 5.8% and 5.6% in 2018, respectively. In addition, according to relevant data, the tourism industry has exceeded the global economic growth rate for the seventh consecutive year and has become the fastest-growing industry economy in the world. Macroeconomic developments and consumer trends have brought good development opportunities to the Luxury Yacht industry.
Region Overview:
Geographically, Europe held the largest market share – 67.24% in 2022.
Company Overview:
Azimut/Benetti is one of the major players operating in the Luxury Yacht market, holding a share of 8.12% in 2021.
Azimut/Benetti
Azimut Benetti S.p.A. designs, manufactures, and sells yachts. It offers super, flybridge, sport, and long-range yachts, as well as megayachts and sailing boats. It also charters yachts; and operates marinas and a yacht club. In addition, the company provides financing package options; interior design services for boats; and maintenance services, including refitting, modification, and restructuring.
Lürssen
Lürssen is an independent family-owned shipbuilding company based in Germany that designs and builds yachts, naval vessels and special vessels.
Segmentation Overview:
Among different product types, Motor Luxury Yachts segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Commercial Use segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Luxury Yacht industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Luxury Yacht. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Luxury Yacht Market Report Include:
Market Size Estimates: Luxury Yacht market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Luxury Yacht market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Luxury Yacht market
Segment Market Analysis: Luxury Yacht market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Luxury Yacht market situations and prospects in major and top regions and countries
Luxury Yacht Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Luxury Yacht Industry Chain: Luxury Yacht market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Luxury Yacht Industry News, Policies by regions
Luxury Yacht Industry Porters Five Forces Analysis
Key players in the global Luxury Yacht market are covered in Chapter 2:
Princess Yachts
Damen Group
Ocean Alexander
Heesen Yachts
Lürssen
Feadship
Azimut/Benetti
Horizon Yacht
Sanlorenzo
Sunseeker
Overmarine Group
Ferretti Group
In Chapter 6 and Chapter 9, on the basis of types, the Luxury Yacht market from 2018 to 2028 is primarily split into:
Motor Luxury Yachts
Sailing Luxury Yachts
In Chapter 7 and Chapter 10, on the basis of applications, the Luxury Yacht market from 2018 to 2028 covers:
Private Use
Commercial Use
Special Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Luxury Yacht market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Luxury Yacht industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Luxury Yacht market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Luxury Yacht industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Luxury Yacht market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Luxury Yacht market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Luxury Yacht market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
