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Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 148 pages | ID: LB55F49749B3EN
IMARC Group

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The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.

A luxury yacht is a crewed sailing vehicle that is primarily used for recreational activities and sports. It can be operated through wind sailing or by a propulsion system, such as an internal combustion engine (ICE) and gas turbine. Luxury yachts are commonly manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber and treated wood with epoxy resins. They are usually charted or rented by private entities and accommodated with sophisticated, luxurious and personalized facilities, such as jacuzzi spa, gymnasium, sauna and sun pads. They are also equipped with modern design, style, comfort and technologically advanced components to enhance the overall performance of the yacht and user experiences.

Luxury Yacht Market Trends:
Rapid urbanization, along with significant growth in the recreational tourism sector, is one of the key factors creating a positive outlook for the market. Furthermore, the emerging trend of remote explorations is also providing a boost to the market growth. There is an increasing preference for leisure, sports activities and luxurious experiences by individuals across the globe. Luxury yachts are provided on lease by yacht fleet operators for organizing business meetings, recreational activities and events. Additionally, the utilization of advanced structural materials, such as fiberglass, and the development of customized solutions according to specific requirements and designs, are also contributing to the market growth. Other factors, including rising expenditure capacity of the consumers, along with the utilization of alternative fuels in the marine industry, are expected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury yacht market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, size, material and application.

Breakup by Type:

Sailing Luxury Yacht
Motorized Luxury Yacht
Others

Breakup by Size:

75-120 Feet
121-250 Feet
Above 250 Feet

Breakup by Material:

FRP/ Composites
Metal/ Alloys
Others

Breakup by Application:

Commercial
Private

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alexander Marine International, Azimut - Benetti S.P.A., Brunswick Corporation, Christensen Shipyards LLC, Damen Shipyards Group N.V., Feadship Holland B.V., Fincantieri S.p.A. (CDP Industria S.p.A.), Heesen Yachts Sales B.V, Horizon Yacht USA, Palumbo Group S.P.A, Princess Yachts Limited, Sanlorenzo S.p.A., Sunseeker International (Wanda Group), Viking Yacht Company, etc.

Key Questions Answered in This Report

1. What was the size of the global luxury yacht market in 2022?
2. What is the expected growth rate of the global luxury yacht market during 2023-2028?
3. What are the key factors driving the global luxury yacht market?
4. What has been the impact of COVID-19 on the global luxury yacht market?
5. What is the breakup of the global luxury yacht market based on the type?
6. What is the breakup of the global luxury yacht market based on the size?
7. What is the breakup of the global luxury yacht market based on material?
8. What is the breakup of the global luxury yacht market based on the application?
9. What are the key regions in the global luxury yacht market?
10. Who are the key players/companies in the global luxury yacht market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LUXURY YACHT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Sailing Luxury Yacht
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Motorized Luxury Yacht
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY SIZE

7.1 75-120 Feet
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 121-250 Feet
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Above 250 Feet
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY MATERIAL

8.1 FRP/ Composites
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Metal/ Alloys
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Commercial
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Private
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE INDICATORS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Alexander Marine International
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Azimut - Benetti S.P.A.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
  15.3.3 Brunswick Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Christensen Shipyards LLC
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Damen Shipyards Group N.V.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 Feadship Holland B.V.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
  15.3.7 Fincantieri S.p.A. (CDP Industria S.p.A.)
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 Heesen Yachts Sales B.V.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 Horizon Yacht USA
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Palumbo Group S.P.A.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
  15.3.11 Princess Yachts Limited
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 Sanlorenzo S.p.A.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
  15.3.13 Sunseeker International (Wanda Group)
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
  15.3.14 Viking Yacht Company
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Luxury Yacht Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Luxury Yacht Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Luxury Yacht Market Forecast: Breakup by Size (in Million US$), 2023-2028
Table 4: Global: Luxury Yacht Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 5: Global: Luxury Yacht Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Luxury Yacht Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Luxury Yacht Market Structure
Table 8: Global: Luxury Yacht Market: Key Players

LIST OF FIGURES

Figure 1: Global: Luxury Yacht Market: Major Drivers and Challenges
Figure 2: Global: Luxury Yacht Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Luxury Yacht Market: Breakup by Type (in %), 2022
Figure 4: Global: Luxury Yacht Market: Breakup by Size (in %), 2022
Figure 5: Global: Luxury Yacht Market: Breakup by Material (in %), 2022
Figure 6: Global: Luxury Yacht Market: Breakup by Application (in %), 2022
Figure 7: Global: Luxury Yacht Market: Breakup by Region (in %), 2022
Figure 8: Global: Luxury Yacht Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Luxury Yacht (Sailing Luxury Yacht) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Luxury Yacht (Sailing Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Luxury Yacht (Motorized Luxury Yacht) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Luxury Yacht (Motorized Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Luxury Yacht (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Luxury Yacht (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Luxury Yacht (75-120 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Luxury Yacht (75-120 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Luxury Yacht (121-250 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Luxury Yacht (121-250 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Luxury Yacht (Above 250 Feet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Luxury Yacht (Above 250 Feet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Luxury Yacht (FRP/ Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Luxury Yacht (FRP/ Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Luxury Yacht (Metal/ Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Luxury Yacht (Metal/ Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Luxury Yacht (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Luxury Yacht (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Luxury Yacht (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Luxury Yacht (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Luxury Yacht (Private) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Luxury Yacht (Private) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Luxury Yacht Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Luxury Yacht Industry: SWOT Analysis
Figure 80: Global: Luxury Yacht Industry: Value Chain Analysis
Figure 81: Global: Luxury Yacht Industry: Porter’s Five Forces Analysis


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