Product Code: r4167
“Yacht Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on yacht market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for yacht? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The yacht market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Super Yacht; Flybridge Yacht; Sport Yacht; Long Range Yacht; Other Types
2) By Length: Up to 20 Meters; 20-50 Meters; Above 50 Meters
3) By Propulsion: Motor; Sail
Companies Mentioned: Azimut Benetti; Brunswick Corporation; Christensen Shipyards Ltd; Alexander Marine International; Damen Shipyards Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the yacht market are: Azimut Benetti, Brunswick Corporation, Christensen Shipyards Ltd., Alexander Marine International, Damen Shipyards Group, Feadship, Ferretti, Viking Yacht Company, Princess Yachts Limited, Sunseeker International, Sanlorenzo SpA, Heesen Yachts, Fincantieri SpA, Horizon Yacht, Palumbo Group, and Bavaria Yachtbau GmbH.
The global yacht market grew from $8.32 billion in 2022 to $8.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The yacht market is expected to grow to $11.07 billion in 2027 at a CAGR of 5.6%.
The yacht market consists of sales ofsailing yacht, motor yacht, gulet yacht and open yacht.Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The yacht refers to the large recreational boats with lengths ranging from 35 feet to 160 feet and capable of operating in ocean waters and turbulent seas. It requires a full crew in handling maintenance, navigation, electronics and engineering, repairs and stewards.
Europe was the largest region in the yacht market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the yacht market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of motor and sailing yachts include super yacht, flybridge yacht, sport yacht, long range yacht, and others. The super yacht refers to large, luxurious, professionally crewed motor or sailing yachts with a load line of 24 meters and above. They are varied based on lengths into up to 20 meters, between 20-50 meters, and above 50 meters.
Growing demand for luxury tourism and sailing is expected to propel the demand for the yacht market. Luxury tourism focuses on offering a high level of comfort and quality, with no stress or hassle. It entails an elevated travel experience with minimal annoyance and maximum convenience. The rapid growth in luxury tourism is expected to boost demand for yachts, as they are a key component of luxury tourism for destinations located on the sea coast. For instance, in 2022, al,ost 30% of the respondents of a survey agreed that their holiday budgets were higher after COVID and they were looking for luxury travel options. Therefore, the growing demand for luxury tourism and sailing is expected to boost the demand for yacht during the forecast period.
Technological advancement is a key trend gaining popularity in the yacht market. Major yacht companies are focusing on bringing technological advancements to yachts such as electrical power, and hydrogen power with robust engines which have higher horsepower and lighter body weight. These yachts are focused on providing faster commute and comfortable travel. For instance, in November 2020, a New-Zeeland-based premium powerboat building company Herley Boats introduced the new Herley 3400 hybrid catamaran. It is a luxury motor yacht equipped with a hybrid system (two electric drives powering the yacht) with lithium-ion batteries to ensure emission-free and silent propulsion. It is a 100% electric yacht offering an economy cruise with improved fuel efficiency and performance mode for high-speed operation.
In May 2021, MarineMax Inc., a US-based recreational boat dealer company acquired Cruisers Yachts for an undisclosed amount. Through this acquisition, MarineMax intends to ensure that a premium, American-built yacht is available in its product portfolio and provide the selling services via a selected retail network while enhancing the additional growth capacity. Cruisers Yachts is a US-based premium yachts manufacturing company that builds boats ranging from 33 feet to 60 feet.
The countries covered in the yacht market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The yacht market research report is one of a series of new reports from The Business Research Company that provides yacht market statistics, including yacht industry global market size, regional shares, competitors with a yacht market share, detailed yacht market segments, market trends and opportunities, and any further data you may need to thrive in the yacht industry. This yacht market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Yacht Market Characteristics
3. Yacht Market Trends And Strategies
4. Yacht Market - Macro Economic Scenario
- 4.1 COVID-19 Impact On Yacht Market
- 4.2 Ukraine-Russia War Impact On Yacht Market
- 4.3 Impact Of High Inflation On Yacht Market
5. Yacht Market Size And Growth
- 5.1. Global Yacht Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Yacht Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Yacht Market Segmentation
- 6.1. Global Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Super Yacht
- Flybridge Yacht
- Sport Yacht
- Long Range Yacht
- Other Types
- 6.2. Global Yacht Market, Segmentation By Length, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Up to 20 Meters
20-50 Meters
Above 50 Meters
- 6.3. Global Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Motor
- Sail
7. Yacht Market Regional And Country Analysis
- 7.1. Global Yacht Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Yacht Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Yacht Market
- 8.1. Asia-Pacific Yacht Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Yacht Market
- 9.1. China Yacht Market Overview
- 9.2. China Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Yacht Market
- 10.1. India Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Yacht Market
- 11.1. Japan Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Yacht Market
- 12.1. Australia Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Yacht Market
- 13.1. Indonesia Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Yacht Market
- 14.1. South Korea Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Yacht Market
- 15.1. Western Europe Yacht Market Overview
- 15.2. Western Europe Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Yacht Market
- 16.1. UK Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Yacht Market
- 17.1. Germany Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Yacht Market
- 18.1. France Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Yacht Market
- 19.1. Eastern Europe Yacht Market Overview
- 19.2. Eastern Europe Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Yacht Market
- 20.1. Russia Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Yacht Market
- 21.1. North America Yacht Market Overview
- 21.2. North America Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Yacht Market
- 22.1. USA Yacht Market Overview
- 22.2. USA Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Yacht Market
- 23.1. South America Yacht Market Overview
- 23.2. South America Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Yacht Market
- 24.1. Brazil Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Yacht Market
- 25.1. Middle East Yacht Market Overview
- 25.2. Middle East Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Yacht Market
- 26.1. Africa Yacht Market Overview
- 26.2. Africa Yacht Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Yacht Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Yacht Market Competitive Landscape And Company Profiles
- 27.1. Yacht Market Competitive Landscape
- 27.2. Yacht Market Company Profiles
- 27.2.1. Azimut Benetti
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Brunswick Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Christensen Shipyards Ltd
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Alexander Marine International
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Damen Shipyards Group
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Yacht Market
29. Yacht Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer