The luxury yacht market size is expected to grow from US$ 6,076.59 million in 2022 to US$ 10,338.10 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2022 to 2028.
Yachts of at least 75 feet or above are considered luxury yachts. Based on size, they are called mega yachts or superyachts. Based on mode of operation, luxury yachts are bifurcated into sailing and motorized. Increase in disposable income of individuals across both developed and developing countries and rise in leisure activities are fueling the demand for luxury yachts. Additionally, the growing demand for luxury tourism, along with exclusive travel plans and personalized service, from high-net-worth individuals, is further propelling the demand for luxury yachts.
The rise of luxury yacht rental service providers across the globe, owing to the demand for luxury tourism, is also boosting the demand for luxury yachts. Vendors offering luxury yachts on a rental basis include Fun2 Rent, Sailogy S.A., The Mooringsand Incrediblue Limited, and Boatbound Inc. Additionally, the rise in sports activities and the adoption of the same across coastal areas for attracting tourists are expected to increase the demand for luxury sport yachts, thereby contributing to the growth of the global luxury yacht market over the forecast period.
According to Lürssen in October 2022, a German shipyard, presents its iconic Lürssen superyachts CORAL OCEAN at Fort Lauderdale International Boat Show 2022 and inform the visitors about the innovation fuel cell technology used in the superyachts. Presenting the yachts and spreading information regarding fuel cell powered by hydrogen reformed by methanol will showcase the capabilities and advancements in the yachts, increasing its demand in the market. Additionally, in 2020, German superyacht builder, nobiskrug, launched first look of 62-meter-supperyacht project 794. It is a high volume superyacht. Thus, increased launches of superyacht and exhibiting luxury yachts in exhibitions is expected to positively impact the Germany luxury yacht market.
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Luxury Yacht Market: Strategic Insights
Market Size Value in US$ 6,076.59 million in 2022 Market Size Value by US$ 10,338.10 million by 2028 Growth rate CAGR of 9.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Luxury Yacht Market: Strategic Insights
| Market Size Value in | US$ 6,076.59 million in 2022 |
| Market Size Value by | US$ 10,338.10 million by 2028 |
| Growth rate | CAGR of 9.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on North America Luxury Yacht Market Growth
The US was the most affected country in North America due to the COVID-19 pandemic. In 2020, strict regulations were imposed by the US government, due to which many yacht manufacturers were either operating with a limited workforce or had to stop the production of yachts temporarily. This affected the supply chain and the import and export of yachts in the region. However, post-lockdown, in Q3 2020, there is significant increase in water tourism as peoples from the different region traveled to the sea borders to spend their leisure time at sea. Also, Azimut Benetti, an Italian yacht builder, announced that the order booking tripled to US$ 1.38 billion (EUR 1.2 billion) in August 2021 from August 2020, mostly from US clients. Thus, the growing demand for luxury yachts in the region will fuel the growth of the luxury yacht market during the forecast period.
Lucrative Regions for Luxury Yacht Market
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Market Insights – Luxury Yacht Market
Based on geography, the luxury yacht market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Europe held the largest market share in 2021, followed by North America and Asia Pacific. Further, Asia Pacific is expected to register the highest CAGR in the market from 2022 to 2028.
Asia Pacific is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC. The region is inclined toward the adoption of improved living standards with increased disposable income. As APAC is engaged in superyacht production and yachting activities, the demand for luxury yachts is growing in the region. The rising disposable income is propelling the APAC luxury yacht market growth. For instance, according to Trading Economics, the disposable personal income in India was US$ 2,415,846 million in 2020 and increased to US$ 2,886,265 million in 2021. It is expected to reach US$ 2,987,285 in 2023 and US$ 3,221,733 in 2025. Moreover, according to a report by Superyacht Times B.V. in May 2022, there was a rise in demand for superyachts of lengths 15–45 meters in Hong Kong.
Material-Based Insights – Luxury Yacht Market Analysis
Based on material, the luxury yacht market is segmented into FRP/composites, metal/alloys, and others. Metals/alloys are highly adopted materials in the luxury yacht market. The metal/alloys segment is expected to grow at the highest CAGR owing to the increasing inclination toward composite materials. Metals such as steel, aluminum, titanium, and alloys are increasingly used for yacht building. Steel is used worldwide for building yachts as it is more durable than aluminum, thereby supporting the structure in hard water environment. Titanium is used widely in making yachts owing to its corrosion resistance. Titanium also imparts a luxurious look to the yacht. Moreover, it has a longer sea life. It can resist corrosion from water for over 40 years. Thus, these factors are contributing to the growth of the market for the metal/alloys segment.
Players operating in the luxury yacht market are mainly focused on the development of advanced and efficient systems.
- In January 2023, Alblasserdam Yachtbuilding BV launched 105-meter superyacht H, hull 1050H, which has been radically transformed during the rebuilding process. It features a modern exterior aesthetic, including a new superstructure and fresh interior from Reymond Langton Design. It is built considering the standards in terms of technology, safety, capability, and sustainability.
- In September 2022, Xventure, Heesen Yachts and Winch Design launched XV67. It is the build with latest version and technology done on Xventure, a 57-meter motor yacht..
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Material, and Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Metal/alloys segment is expected to hold a major market share of luxury yacht market in 2022.
The US is expected to hold a major market share of luxury yacht market in 2022.
Japan, South Korea, and UK are expected to register high growth rate during the forecast period.
Asia Pacific is expected to register highest CAGR in the luxury yacht market during the forecast period (2022-2028)
Azimut Benetti SpA, Fr. Lurssen Werft GmbH & Co KG, Damen Shipyards Group NV, Alblasserdam Yachtbuilding BV, and Fincantieri SpA are the key market players expected to hold a major market share of luxury yacht market in 2022
High Initial Cost and Carbon Footprint
1. Growing Yacht Tourism
2. Increasing Superyacht Demand
The estimated global market size for the luxury yacht market in 2022 is expected to be around US$ 6,076.59 million.
The global market size of luxury yacht market by 2028 will be around US$ 10,338.10 million
The luxury yacht market is expected to register an incremental growth value of US$ 1,706.03 million during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Luxury yacht Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Luxury Yacht Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Yacht Tourism
5.1.2 Increasing Superyacht Demand
5.2 Key Market Restraints
5.2.1 High Initial Cost and Carbon Footprint
5.3 Key Market Opportunities
5.3.1 Rising Demand in Asia Pacific
5.4 Future Trends
5.4.1 Implementation of Solar Energy
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Yacht Market– Global Market Analysis
6.1 Luxury Yacht Market Global Overview
6.2 Global Luxury Yacht Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Luxury Yacht Market Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 Luxury Yacht Market, by Type (2021 & 2028)
7.3 Sailing Luxury Yacht
7.3.1 Overview
7.3.2 Sailing Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
7.4 Motorized Luxury Yacht
7.4.1 Overview
7.4.2 Motorized Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8. Luxury Yacht Market Analysis and Forecast to 2028 – by Material
8.1 Overview
8.2 Luxury Yacht Market, by Material (2021 & 2028)
8.3 FRP/Composites
8.3.1 Overview
8.3.2 FRP/Composites: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8.4 Metal/Alloys
8.4.1 Overview
8.4.2 Metal/Alloys: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9. Luxury Yacht Market Analysis and Forecast to 2028 – by Size
9.1 Overview
9.2 Luxury Yacht Market, by Size (2021 & 2028)
9.3–120 Feet
9.3.1 Overview
9.3.2–120 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9.4–250 Feet
9.4.1 Overview
9.4.2–250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9.5 Above 250 Feet
9.5.1 Overview
9.5.2 Above 250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
10. Luxury yacht Market– Geographic Analysis
10.1 Overview
10.2 North America:
10.2.1 North America: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.2.2 North America: Luxury yacht Market, by Type
10.2.3 North America: Luxury yacht Market, by Material
10.2.4 North America: Luxury yacht Market, by Size
10.2.5 North America: Luxury yacht Market, by Key Country
10.2.5.1 US: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Luxury yacht Market, by Type
10.2.5.1.2 US: Luxury yacht Market, by Material
10.2.5.1.3 US: Luxury yacht Market, by Size
10.2.5.2 Canada: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Luxury yacht Market, by Type
10.2.5.2.2 Canada: Luxury yacht Market, by Material
10.2.5.2.3 Canada: Luxury yacht Market, by Size
10.2.5.3 Mexico: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Luxury yacht Market, by Type
10.2.5.3.2 Mexico: Luxury yacht Market, by Material
10.2.5.3.3 Mexico: Luxury yacht Market, by Size
10.3 Europe:
10.3.1 Europe: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.3.2 Europe: Luxury yacht Market, by Type
10.3.3 Europe: Luxury yacht Market, by Material
10.3.4 Europe: Luxury yacht Market, by Size
10.3.5 Europe: Luxury yacht Market, by Key Country
10.3.5.1 Germany: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Luxury yacht Market, by Type
10.3.5.1.2 Germany: Luxury yacht Market, by Material
10.3.5.1.3 Germany: Luxury yacht Market, by Size
10.3.5.2 France: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Luxury yacht Market, by Type
10.3.5.2.2 France: Luxury yacht Market, by Material
10.3.5.2.3 France: Luxury yacht Market, by Size
10.3.5.3 Italy: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Luxury yacht Market, by Type
10.3.5.3.2 Italy: Luxury yacht Market, by Material
10.3.5.3.3 Italy: Luxury yacht Market, by Size
10.3.5.4 UK: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Luxury yacht Market, by Type
10.3.5.4.2 UK: Luxury yacht Market, by Material
10.3.5.4.3 UK: Luxury yacht Market, by Size
10.3.5.5 Russia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Luxury yacht Market, by Type
10.3.5.5.2 Russia: Luxury yacht Market, by Material
10.3.5.5.3 Russia: Luxury yacht Market, by Size
10.3.5.6 Rest of Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Luxury yacht Market, by Type
10.3.5.6.2 Rest of Europe: Luxury yacht Market, by Material
10.3.5.6.3 Rest of Europe: Luxury yacht Market, by Size
10.4 APAC:
10.4.1 Overview
10.4.2 Asia Pacific: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.4.3 Asia Pacific: Luxury yacht Market, by Type
10.4.4 Asia Pacific: Luxury yacht Market, by Material
10.4.5 Asia Pacific: Luxury yacht Market, by Size
10.4.6 Asia Pacific: Luxury yacht Market, by Key Country
10.4.6.1 Australia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Australia: Luxury yacht Market, by Type
10.4.6.1.2 Australia: Luxury yacht Market, by Material
10.4.6.1.3 Australia: Luxury yacht Market, by Size
10.4.6.2 China: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 China: Luxury yacht Market, by Type
10.4.6.2.2 China: Luxury yacht Market, by Material
10.4.6.2.3 China: Luxury yacht Market, by Size
10.4.6.3 India: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 India: Luxury yacht Market, by Type
10.4.6.3.2 India: Luxury yacht Market, by Material
10.4.6.3.3 India: Luxury yacht Market, by Size
10.4.6.4 Japan: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Japan: Luxury yacht Market, by Type
10.4.6.4.2 Japan: Luxury yacht Market, by Material
10.4.6.4.3 Japan: Luxury yacht Market, by Size
10.4.6.5 South Korea: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 South Korea: Luxury yacht Market, by Type
10.4.6.5.2 South Korea: Luxury yacht Market, by Material
10.4.6.5.3 South Korea: Luxury yacht Market, by Size
10.4.6.6 Rest of APAC: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.6.1 Rest of APAC: Luxury yacht Market, by Type
10.4.6.6.2 Rest of APAC: Luxury yacht Market, by Material
10.4.6.6.3 Rest of APAC: Luxury yacht Market, by Size
10.5 MEA: Luxury yacht Market
10.5.1 Overview
10.5.2 MEA: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.5.3 MEA: Luxury yacht Market, by Type
10.5.4 MEA: Luxury yacht Market, by Material
10.5.5 MEA: Luxury yacht Market, by Size
10.5.6 Middle East and Africa: Luxury yacht Market, by Key Country
10.5.6.1 South Africa: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 South Africa: Luxury yacht Market, by Type
10.5.6.1.2 South Africa: Luxury yacht Market, by Material
10.5.6.1.3 South Africa: Luxury yacht Market, by Size
10.5.6.2 Saudi Arabia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 Saudi Arabia: Luxury yacht Market, by Type
10.5.6.2.2 Saudi Arabia: Luxury yacht Market, by Material
10.5.6.2.3 Saudi Arabia: Luxury yacht Market, by Size
10.5.6.3 UAE: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 UAE: Luxury yacht Market, by Type
10.5.6.3.2 UAE: Luxury yacht Market, by Material
10.5.6.3.3 UAE: Luxury yacht Market, by Size
10.5.6.4 Rest of MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Rest of MEA: Luxury yacht Market, by Type
10.5.6.4.2 Rest of MEA: Luxury yacht Market, by Material
10.5.6.4.3 Rest of MEA: Luxury yacht Market, by Size
10.6 SAM: Luxury yacht
10.6.1 SAM: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.6.2 SAM: Luxury yacht Market, by Type
10.6.3 SAM: Luxury yacht Market, by Material
10.6.4 SAM: Luxury yacht Market, by Size
10.6.5 SAM: Luxury yacht Market, by Key Country
10.6.5.1 Brazil: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Luxury yacht Market, by Type
10.6.5.1.2 Brazil: Luxury yacht Market, by Material
10.6.5.1.3 Brazil: Luxury yacht Market, by Size
10.6.5.2 Argentina: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Luxury yacht Market, by Type
10.6.5.2.2 Argentina: Luxury yacht Market, by Material
10.6.5.2.3 Argentina: Luxury yacht Market, by Size
10.6.5.3 Rest of SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Luxury yacht Market, by Type
10.6.5.3.2 Rest of SAM: Luxury yacht Market, by Material
10.6.5.3.3 Rest of SAM: Luxury yacht Market, by Size
11. Impact of COVID-19 Pandemic on Luxury Yacht Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Fincantieri SpA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Azimut Benetti SpA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Bavaria Yachtbau GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Delta Marine Industries Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Heesen Yachts Sales BV
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Palumbo Superyachts Ancona SRL
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Alblasserdam Yachtbuilding BV
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Fr. Lurssen Werft GmbH & Co KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cheoy Lee Shipyards Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Damen Shipyards Group NV
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Luxury Yacht Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Luxury yacht Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Table 78. SAM: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 79. SAM: Luxury yacht Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 82. Brazil: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 85. Argentina: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of SAM: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 89. List of Abbreviation
LIST OF FIGURES
Figure 1. Luxury Yacht Market Segmentation
Figure 2. Luxury Yacht Market Segmentation – Geography
Figure 3. Luxury Yacht Market Overview
Figure 4. Luxury Yacht Market, by Type
Figure 5. Luxury Yacht Market, by Material
Figure 6. Luxury Yacht Market, by Size
Figure 7. Luxury Yacht Market, by Region
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Luxury yacht Market Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Luxury Yacht Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Luxury Yacht Market
Figure 17. Global Luxury Yacht Market, Forecast and Analysis (US$ Million)
Figure 18. Market Positioning- Top Five Players
Figure 19. Luxury Yacht Market, by Type (2021 & 2028)
Figure 20. Sailing Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Motorized Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Luxury Yacht Market, by Material (2021 & 2028)
Figure 24. FRP/Composites: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Metal/Alloys: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Luxury Yacht Market, by Size (2021 & 2028)
Figure 28. –120 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. –250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Above 250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Global Luxury yacht Market Revenue Share, by Region (2021)
Figure 32. North America: Luxury yacht Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Luxury yacht Revenue Share, by Type (2021 and 2028)
Figure 34. North America: Luxury yacht Revenue Share, by Material (2021 and 2028)
Figure 35. North America: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 36. North America: Luxury yacht Revenue Share, by Key Country (2021 and 2028)
Figure 37. US: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 42. Europe: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 43. Europe: Luxury yacht Market Revenue Share, by Size (2021 and 2028)
Figure 44. Europe: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 53. Asia Pacific: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 54. Asia Pacific: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 55. Asia Pacific: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 64. MEA: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 65. MEA: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 66. Middle East and Africa: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 67. South Africa: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 73. SAM: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 74. SAM: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 75. Brazil: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic on North America Country Markets
Figure 79. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 80. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 81. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets
Figure 82. Impact of COVID-19 Pandemic on South America Country Markets
The List of Companies - Luxury Yacht Market
- Azimut Benetti S.p.A.
- Bavaria Yachtbau GmbH
- DELTA MARINE
- Brunswick Corporation
- Cheoy Lee Shipyards Limited
- Damen Group
- FINCANTIERI S.p.A.
- Heesen Yachts Sales B.V.
- Palumbo Superyachts Ancona s.r.l
- Oceanco
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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