The superyacht market is expected to register a CAGR of 4.7% during 2023–2031. The growing demand for superyachts for charter services is one of the major trends in the superyacht market.
Superyacht Market Analysis
- The growing demand for luxury yachts is one of the major factors driving the growth of the superyachts market. This is owing to the rising disposable income across different regions and higher demand for luxury lifestyles among individuals.
- Further, even with economic fluctuations among different regions, the market has been witnessing resilience, specifically in regions such as the US where demand remains strong.
Superyacht Market Overview
- The global superyacht market is likely to witness moderate growth in the coming years. This is mainly due to the growing demand for superyachts as a luxury travel option. Similarly, the demand for luxury cruising is another major factor driving the adoption of yachts and superyachts.
- Moreover, the growing demand for 24 to 45v meter superyachts is likely to generate new opportunities for market vendors in the coming years. Moreover, several manufacturers such as Feadship have already been working on launching their first emission-free superyachts by 2031 which is another major trend in the market.
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Superyacht Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Superyacht Market: Strategic Insights
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Superyacht Market Drivers and Opportunities
Growing Adoption of Luxury Superyacht Travel Experience
- Majority of the companies operating in the luxury superyacht cruising industry have been witnessing growth in terms of the number of customer bookings for superyacht cruising services. For instance, TJB Super Yachts recorded nearly 500 charter bookings in 2023 with around a 12% increase from the UK and around 28% increase in the US clients alone. Such factors have been pushing the adoption of superyachts across different regions.
Increasing Number of Billionaires Worldwide
- Increasing numbers of billionaire people across the world have been pushing the adoption of superyachts across different regions. These people have been investing large amounts of money into procuring superyachts and upgrading their existing yachts for luxury experiences which is further likely to drive the superyacht market in the coming years.
Superyacht Market Report Segmentation Analysis
Key segments that contributed to the derivation of the superyacht market analysis are hull and size.
- Based on the hull, the superyacht market is segmented into the mono hull and multihull.
- Based on size, the superyacht market is segmented into up to 25 meters, 26-60 meters, 61-120 meters, and 121-200 meters.
Superyacht Market Share Analysis by Geography
- Superyacht Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering superyacht market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the superyacht market in these regions.
Superyacht Market Report Scope
Superyacht Market News and Recent Developments
The superyacht market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the superyacht market are listed below:
- Mengi Yay launched the first unit in its sub-500GT Serenissima I (S1) series in Tuzla, Turkey. It is designed by an Italian firm known as Nuvolari Lenard and the superyacht is 47.5-metre of length which will now complete sea trials and final preparations ahead of its debut this year at Monaco Yacht Show. (Source: Mengi Yay, Company Website, August 2024)
- Sanlorenzo is proud to present 44X-SPACE, a new superyacht range that takes the legacy of the Explorer line with the sophistication of the Steel line, seeing today the first two units delivered and at sea. The 44X-SPACE is a harmonious fusion of two distinct yet complementary design philosophies. (Source: Sanlorenzo, Company Website, December 2023)
Superyacht Market Report Coverage and Deliverables
The “Superyacht Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Superyacht market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Superyacht market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST analysis
- Superyacht market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the superyacht market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global superyacht market is expected to grow at a CAGR of 4.7% during the forecast period 2023 - 2031.
Growing adoption of luxury superyacht travel experience and rising procurement of lower-emission superyachts are some of the major factors driving the superyacht market.
The growing demand for superyachts for charter services in the coming years is one of the major future trends for the market.
The leading players operating in the superyacht market are Heesen Yachts Sales BV, Princess Yachts Limited, AZIMUT|BENETTI GROUP REA LUCCA, DYNAMIQ YACHTS, Sunseeker, Pendennis, Moran Yacht & Ship, Lurssen, Palmer Johnson, and Damen Yachting.
The report can be delivered in PDF/PPT format; we can also share the Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Superyachts Market - By Hull
1.3.2 Superyachts Market - By Size
1.3.3 Superyachts Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUPERYACHTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SUPERYACHTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SUPERYACHTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SUPERYACHTS - GLOBAL MARKET OVERVIEW
6.2. SUPERYACHTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUPERYACHTS MARKET - REVENUE AND FORECASTS TO 2028 - HULL
7.1. OVERVIEW
7.2. HULL MARKET FORECASTS AND ANALYSIS
7.3. MONO HULL
7.3.1. Overview
7.3.2. Mono Hull Market Forecast and Analysis
7.4. MULTI HULL
7.4.1. Overview
7.4.2. Multi Hull Market Forecast and Analysis
8. SUPERYACHTS MARKET - REVENUE AND FORECASTS TO 2028 - SIZE
8.1. OVERVIEW
8.2. SIZE MARKET FORECASTS AND ANALYSIS
8.3. UP TO 25 METERS
8.3.1. Overview
8.3.2. up to 25 meters Market Forecast and Analysis
8.4. 26-60 METERS
8.4.1. Overview
8.4.2. 26-60 meters Market Forecast and Analysis
8.5. 61-120 METERS
8.5.1. Overview
8.5.2. 61-120 meters Market Forecast and Analysis
8.6. 121-200 METERS
8.6.1. Overview
8.6.2. 121-200 meters Market Forecast and Analysis
9. SUPERYACHTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Superyachts Market Overview
9.1.2 North America Superyachts Market Forecasts and Analysis
9.1.3 North America Superyachts Market Forecasts and Analysis - By Hull
9.1.4 North America Superyachts Market Forecasts and Analysis - By Size
9.1.5 North America Superyachts Market Forecasts and Analysis - By Countries
9.1.5.1 United States Superyachts Market
9.1.5.1.1 United States Superyachts Market by Hull
9.1.5.1.2 United States Superyachts Market by Size
9.1.5.2 Canada Superyachts Market
9.1.5.2.1 Canada Superyachts Market by Hull
9.1.5.2.2 Canada Superyachts Market by Size
9.1.5.3 Mexico Superyachts Market
9.1.5.3.1 Mexico Superyachts Market by Hull
9.1.5.3.2 Mexico Superyachts Market by Size
9.2. EUROPE
9.2.1 Europe Superyachts Market Overview
9.2.2 Europe Superyachts Market Forecasts and Analysis
9.2.3 Europe Superyachts Market Forecasts and Analysis - By Hull
9.2.4 Europe Superyachts Market Forecasts and Analysis - By Size
9.2.5 Europe Superyachts Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Superyachts Market
9.2.5.1.1 Germany Superyachts Market by Hull
9.2.5.1.2 Germany Superyachts Market by Size
9.2.5.2 France Superyachts Market
9.2.5.2.1 France Superyachts Market by Hull
9.2.5.2.2 France Superyachts Market by Size
9.2.5.3 Italy Superyachts Market
9.2.5.3.1 Italy Superyachts Market by Hull
9.2.5.3.2 Italy Superyachts Market by Size
9.2.5.4 United Kingdom Superyachts Market
9.2.5.4.1 United Kingdom Superyachts Market by Hull
9.2.5.4.2 United Kingdom Superyachts Market by Size
9.2.5.5 Russia Superyachts Market
9.2.5.5.1 Russia Superyachts Market by Hull
9.2.5.5.2 Russia Superyachts Market by Size
9.2.5.6 Rest of Europe Superyachts Market
9.2.5.6.1 Rest of Europe Superyachts Market by Hull
9.2.5.6.2 Rest of Europe Superyachts Market by Size
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Superyachts Market Overview
9.3.2 Asia-Pacific Superyachts Market Forecasts and Analysis
9.3.3 Asia-Pacific Superyachts Market Forecasts and Analysis - By Hull
9.3.4 Asia-Pacific Superyachts Market Forecasts and Analysis - By Size
9.3.5 Asia-Pacific Superyachts Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Superyachts Market
9.3.5.1.1 Australia Superyachts Market by Hull
9.3.5.1.2 Australia Superyachts Market by Size
9.3.5.2 China Superyachts Market
9.3.5.2.1 China Superyachts Market by Hull
9.3.5.2.2 China Superyachts Market by Size
9.3.5.3 India Superyachts Market
9.3.5.3.1 India Superyachts Market by Hull
9.3.5.3.2 India Superyachts Market by Size
9.3.5.4 Japan Superyachts Market
9.3.5.4.1 Japan Superyachts Market by Hull
9.3.5.4.2 Japan Superyachts Market by Size
9.3.5.5 South Korea Superyachts Market
9.3.5.5.1 South Korea Superyachts Market by Hull
9.3.5.5.2 South Korea Superyachts Market by Size
9.3.5.6 Rest of Asia-Pacific Superyachts Market
9.3.5.6.1 Rest of Asia-Pacific Superyachts Market by Hull
9.3.5.6.2 Rest of Asia-Pacific Superyachts Market by Size
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Superyachts Market Overview
9.4.2 Middle East and Africa Superyachts Market Forecasts and Analysis
9.4.3 Middle East and Africa Superyachts Market Forecasts and Analysis - By Hull
9.4.4 Middle East and Africa Superyachts Market Forecasts and Analysis - By Size
9.4.5 Middle East and Africa Superyachts Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Superyachts Market
9.4.5.1.1 South Africa Superyachts Market by Hull
9.4.5.1.2 South Africa Superyachts Market by Size
9.4.5.2 Saudi Arabia Superyachts Market
9.4.5.2.1 Saudi Arabia Superyachts Market by Hull
9.4.5.2.2 Saudi Arabia Superyachts Market by Size
9.4.5.3 U.A.E Superyachts Market
9.4.5.3.1 U.A.E Superyachts Market by Hull
9.4.5.3.2 U.A.E Superyachts Market by Size
9.4.5.4 Rest of Middle East and Africa Superyachts Market
9.4.5.4.1 Rest of Middle East and Africa Superyachts Market by Hull
9.4.5.4.2 Rest of Middle East and Africa Superyachts Market by Size
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Superyachts Market Overview
9.5.2 South and Central America Superyachts Market Forecasts and Analysis
9.5.3 South and Central America Superyachts Market Forecasts and Analysis - By Hull
9.5.4 South and Central America Superyachts Market Forecasts and Analysis - By Size
9.5.5 South and Central America Superyachts Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Superyachts Market
9.5.5.1.1 Brazil Superyachts Market by Hull
9.5.5.1.2 Brazil Superyachts Market by Size
9.5.5.2 Argentina Superyachts Market
9.5.5.2.1 Argentina Superyachts Market by Hull
9.5.5.2.2 Argentina Superyachts Market by Size
9.5.5.3 Rest of South and Central America Superyachts Market
9.5.5.3.1 Rest of South and Central America Superyachts Market by Hull
9.5.5.3.2 Rest of South and Central America Superyachts Market by Size
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SUPERYACHTS MARKET, KEY COMPANY PROFILES
11.1. AMELS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BLOHM+VOSS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHRISTENSEN SHIPYARDS LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FEADSHIP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FINCANTIERI S.P.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEESEN YACHTS B.V.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LURSSEN
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NOBISKRUG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OCEANCO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PRINCESS YACHTS LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. AMELS
2. Blohm+Voss
3. Christensen Shipyards LLC
4. Feadship
5. Fincantieri S.p.A.
6. Heesen Yachts B.V.
7. Lurssen
8. NOBISKRUG
9. Oceanco
10. PRINCESS YACHTS LIMITED
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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