Luxury Yacht Market – Global Opportunities & Forecast, 2020-2027

 The primary objective of the market report by GMI Research is to help the users understand the market scenario in terms of its definition, segmentation, drivers, opportunities, market trends, and the challenges that the market is facing. This report focuses on the market, especially in North America, Europe, Asia-Pacific, and the rest of the world.

Key Drivers of the Luxury Yacht Market:

The major key drivers contributing to the growth of the global luxury yacht market include the significant change in the lifestyle of the customers due to the growing disposable and per capita income and rapid urbanization. In addition to this, the rising emphasis for the development of environment-friendly yachts by making use of substitute fuels such as solar-powered yachts and the introduction of the latest technologies for the development of luxury yachts, are some other factors that are accelerating the growth of the luxury yacht market size. Moreover, the emerging trend for leisure and recreational activities and the growing high net value of individuals are bringing new growth opportunities for the market.

The expansion in the tourism sector, followed by the increasing interest of tourists towards marine tourism and water sports, are further boosting the growth of the global luxury yacht market. The increase in the aim of the manufacturers to develop a luxury yacht with advanced features to improve the overall travel experience of the customers is further attracting a large number of consumers to opt for these luxury yachts. On the other hand, the strict environmental policies of the government and the high cost of maintenance of these yachts are likely to hamper the growth of the global luxury yacht market.

List of Top Leading Manufacturers/Key-Players of the Luxury Yacht Market:

Various notable players in the market include Damen Shipyards Group, Ferretti S.p.A., Sunseeker International, Sanlorenzo Spa, Alexander Marine International, Azimut Benetti S.p.A., Feadship, Princess Yachts Limited, Horizon, and Viking Yacht Company, among others.

Segmentation of the Luxury Yacht Market:

The study’s objective is to define market sizes of different segments & countries in recent years and predict the values in the coming six years. The detailed segments and sub-segments of the market are explained below:

Segment by Type:

·         Motorized Luxury Yacht

·         Sailing Luxury Yacht

·         Other Luxury Yacht

Segment by Size:

·         75-120 feet

·         121-250 feet

·         Above 250 feet

Segment by Material:

·         Metal & Alloys

·         Fiber Reinforced Polymers & Composites

·         Others

Segment by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.