Middle East Yacht Industry Performance Examined by SRI in New Market Research Report Recently Published at MarketPublishers.com26 Jun 2015 • by Natalie Aster
LONDON – The Middle East region is the most important market for superyachts (40 metres and more) worldwide. The region boast the highest propensity to purchase a superyacht at around 48%, meaning that approximately 50% of the affluent residents are taking interest in the acquisition of this status symbol.
Whilst traditionally, North America and Western Europe are the leading markets for superyachts, the industry dynamics is shifting towards the Middle East due to the overall affluence of the region and a larger portion of affluent clientele. Azzam, the world’s biggest yacht and around a third of the other 200 biggest yachts globally are owned by the Middle East reigon’s citizens.
Sunseeker International, Azimut Benetti, Ferretti Group, Gulf Craft Inc. and Princess Yachts International Plc are the dominant market players.
New research report “Opportunities in the Middle East Yacht Industry” elaborated by Smart Research Insights (SRI) presents a detailed guide to the yacht market globally with a special focus on the Middle East region, examining the actual market standing as well as providing the future prospects of the sector. The study limelights key drivers and challenges of, as well as major trends emerging in the regional yacht industry. The competitive landscape in the market is investigated, and the incentives and performance of the leading 6 players are reviewed in detail. The report explores the performance of other emerging yacht markets. Furthermore, the most recent industry related opinions are also contained in the research study.
Opportunities in the Middle East Yacht Industry
Date: June, 2015
Price: US$ 1,200.00
More studies by the publisher can be found at Smart Research Insights page.