Insights on the Luxury Yacht Global Market to 2027 - by Type, Size, Material, Application and Region - ResearchAndMarkets.com

·4 min read

DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global luxury yacht market reached a value of US$ 6.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 11.8 Billion by 2027, exhibiting a CAGR of 10.9% during 2022-2027.

Companies Mentioned

  • Alexander Marine International

  • Azimut - Benetti S.P.A.

  • Brunswick Corporation

  • Christensen Shipyards LLC

  • Damen Shipyards Group N.V.

  • Feadship Holland B.V.

  • Fincantieri S.p.A. (CDP Industria S.p.A.)

  • Heesen Yachts Sales B.V

  • Horizon Yacht USA

  • Palumbo Group S.P.A

  • Princess Yachts Limited

  • Sanlorenzo S.p.A.

  • Sunseeker International (Wanda Group)

  • Viking Yacht Company

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor

A luxury yacht is a crewed sailing vehicle that is primarily used for recreational activities and sports. It can be operated through wind sailing or by a propulsion system, such as an internal combustion engine (ICE) and gas turbine. Luxury yachts are commonly manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber and treated wood with epoxy resins. They are usually charted or rented by private entities and accommodated with sophisticated, luxurious and personalized facilities, such as jacuzzi spa, gymnasium, sauna and sun pads. They are also equipped with modern design, style, comfort and technologically advanced components to enhance the overall performance of the yacht and user experiences

Rapid urbanization, along with significant growth in the recreational tourism sector, is one of the key factors creating a positive outlook for the market. Furthermore, the emerging trend of remote explorations is also providing a boost to the market growth. There is an increasing preference for leisure, sports activities and luxurious experiences by individuals across the globe. Luxury yachts are provided on lease by yacht fleet operators for organizing business meetings, recreational activities and events

Additionally, the utilization of advanced structural materials, such as fiberglass, and the development of customized solutions according to specific requirements and designs, are also contributing to the market growth. Other factors, including rising expenditure capacity of the consumers, along with the utilization of alternative fuels in the marine industry, are expected to drive the market further

Key Questions Answered in This Report:

  • How has the global luxury yacht market performed so far and how will it perform in the coming years?

  • What are the key regional markets?

  • What has been the impact of COVID-19 on the global luxury yacht market?

  • What is the breakup of the market based on the type?

  • What is the breakup of the market based on the size?

  • What is the breakup of the market based on the material?

  • What is the breakup of the market based on the application?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global luxury yacht market and who are the key players?

  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Luxury Yacht Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

6.1 Sailing Luxury Yacht

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Motorized Luxury Yacht

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Others

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Size

7.1 75-120 Feet

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 121-250 Feet

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Above 250 Feet

7.3.1 Market Trends

7.3.2 Market Forecast

8 Market Breakup by Material

8.1 FRP/ Composites

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Metal/ Alloys

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Others

8.3.1 Market Trends

8.3.2 Market Forecast

9 Market Breakup by Application

9.1 Commercial

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Private

9.2.1 Market Trends

9.2.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Indicators

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/s1yf3n

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005532/en/

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