Yacht Market was valued at US$ 11.19 Bn. in 2022 and is expected to grow at US$ 17.48 Bn. in 2029. Yacht Market size is expected to grow at a CAGR of 6.58% through the forecast period.
Yacht Market Overview:
The “Global Yacht Market Analysis” is an in-depth look at the Yacht market, with a focus on global market trends and analysis. This study seeks to provide an overview of the Yacht industry as well as detailed market segmentation by segment and geography. The Yacht market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Yacht firms, as well as significant industry trends and opportunities.
Yacht Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Yacht Market Segmentation:
by Type
Super Yacht
Flybridge Yacht
Sport Yacht
Long Range Yacht
Because it is so well-liked by end users, the super yacht segment is anticipated to develop with the greatest CAGR of xx% during the projection period. The worldwide yacht market’s super yacht category is expanding as a result of super yachts’ growing appeal among a broad consumer base and the rising popularity of outdoor recreational activities.
The market’s fastest-growing segment is anticipated to be the sport yacht. A possible explanation for the segment’s expansion is the increase in demand for sporting yachts in nations like China and France. Adults have actively participated in sporting events and recreational boating in these nations.
Global Yacht Market Size, by Mode of Transport (2022-2029)
• Air
• Ocean
• Rail
• Road
Global Yacht Market Size, by Application (2022-2029)
• Industrial and Manufacturing
• Retail
• Healthcare
• Media and Entertainment
• Military
• Oil and Gas
• Food and Beverages
• Others
Global Yacht Market, By Type (2022-2029)
• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht
Global Yacht Market, By Yacht Sources (2022-2029)
• Sailing Yacht
• Motor Yacht
Global Yacht Market, By Length (2022-2029)
• Up to 20 ft
• 20 to 50 ft
• Above 50 ft
Global Yacht Market, By Contract Type (2022-2029)
• Bareboat Charter
• Crewed Charter
• Cabin Charter
Yacht Market Key Players:
Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Yacht industry.
1. Azimut Benetti S.p.A.
2. Damen Shipyards Group
3. Heesen Group
4. The San Lorenzo S.p.a
5. Sunseeker International
6. Ferretti S.p.A.
7. Sea Ray
8. Princess Yachts Limited
9. Viking Yacht Company
10. Alexander Marine International
11. Brunswick Corporation
12. Christensen Shipyards LLC
13. Lagoon
14. Sanlorenzo S.p.A
15. Feadship Holland B.V
16. Damen Shipyards Group N.V.
17. Baglietto s.p.a
18. Bavaria Yachtbau GmbH
19. Sunreef
20. Pershing
21. Jeanneau
22. Benetau
23. Riva
24. Damen Shipyards Group N.V.
25. Fountaine Pajot
26. Cranchi
27. Bayliner
28. Monte Carlo Yachts
29. Greenline yachts
30. Oyster
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Yacht Market Regional Analysis:
The Yacht research focuses into geographic analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines each region’s and country’s share and growth rate throughout the forecasted time period.
The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the Yacht market in various sectors.
COVID-19 Impact Analysis on Yacht Market:
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Yacht market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Yacht Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm’s future impact. Primary market research (2021-2027), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2027) have all been provided.
Key Questions Answered in the Yacht Market Report are:
- How big is the market for Yacht?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth could exist in the Yacht industry in the next years?
- What are the most significant future challenges that the Yacht market may face?
- Who are the market leaders in the Yacht category?
- What are the main trends that are influencing market growth?
