Luxury Yacht Market 2021-2026; Industry Size, Scope, Growth Drivers, Upcoming Trends, Top Companies, Scope, Challenges and Opportunities

Research Reports

Apr 05, 2021

According to the latest report by IMARC Group, titled “Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global luxury yacht market exhibited moderate growth during 2015-2020 and is expected to grow at a CAGR of around 9% during 2021-2026.

A luxury yacht is a crewed sailing watercraft, primarily used for recreational activities and sports. It is operated through wind sailing or by a propulsion system, including internal combustion engine and gas turbine. Luxury yachts are manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber, treated wood, etc. They are generally charted or rented by private entities and accommodated with sophisticated, luxurious, and personalized facilities, such as a jacuzzi spa, gymnasium, sauna, and sun pads. Luxury yachts are also equipped with technologically advanced components to enhance the overall performance of the yacht.

Rapid urbanization, coupled with significant growth in the recreational tourism sector, is primarily driving the luxury yacht market growth. Furthermore, luxury yachts are provided on lease by yacht fleet operators for organizing business meetings, recreational activities and events, thereby propelling the global market. Additionally, the wide utilization of innovative construction materials, along with the growing adoption of customized solutions to fulfill the specific needs of the customer, is also augmenting the market growth. The rising environmental concerns are catalyzing the demand for fuel-efficient and lightweight product variants, which are further expected to drive the market for luxury yachts in the coming years.

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Luxury Yacht Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the luxury yacht market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Horizon Yacht USA
Palumbo Group S.P.A
Princess Yachts Limited
Sanlorenzo S.p.A.
Alexander Marine International
Azimut – Benetti S.P.A.
Brunswick Corporation
Heesen Yachts Sales B.V
Sunseeker International (Wanda Group)
Viking Yacht Company
Feadship Holland B.V.
Fincantieri S.p.A. (CDP Industria S.p.A.)

The report has segmented the global luxury yacht market on the basis of type, size, material, application and region.

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
Asia Pacific
Europe
Latin America
Middle East and Africa

Explore report description with table of contents: https://www.imarcgroup.com/luxury-yacht-market

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Market Trends
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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