NEW YORK, Dec. 13, 2022 /PRNewswire/ — The luxury yacht market size is forecasted to increase by 366 thousand units from 2022 to 2027, at a CAGR of 11.26%, according to the recent market study by Technavio. The growth of the market will be driven by the increase in recreational tourism, digital marketing, increasing social media use, and the increase in the HNWI population.
Technavio categorizes the global luxury yacht market as a part of the marine market, which covers revenue generated by the companies providing goods and passenger maritime transportation.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report
Technavio has extensively analyzed 15 major vendors, including Alexander Marine International, Azimut Benetti SpA, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, FERRETTI SpA, Fincantieri Spa, Fr. Lurssen Werft GmbH, Gruppo Fipa Srl, Heesen Yachts Sales BV, Horizon Yacht USA, Nobiskrug Yachts GmbH, Oceanco SAM, Overmarine Group Spa, Palmer Johnson.
Key Benefits for Industry Players & Stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Expand operations in the future – To get requisite details, ask for a custom report.
Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the luxury yacht market by industry experts to evaluate and develop growth strategies.
The market is segmented by type (sail yachts and motor yachts), application (commercial and private), and geography (Europe, APAC, North America, South America, and Middle East and Africa).
Segmentation by Type (Inclusion/Exclusion)
- Inclusion:
- Sail yachts:
The sail yachts segment grew gradually by 195 thousand units million in 2017 and continued to grow till 2021. In this segment, the absence of a large engine, increased automation employed in production, and the introduction of fiberglass hulls will keep the prices of luxury sail yachts lower than luxury motor yachts. In addition, these types of yachts feature all possible modern conveniences, such as ACs, television, navigation aids, radar, echo-sounding, autopilot, computer-controlled electric winches for controlling the sails, and a reliable power-generating system. Such factors will increase segment growth during the forecast period.
To get detailed insights about inclusions and exclusions, buy the report.
Related Reports –
The boat rentals market is estimated to grow at a CAGR of 14.71% between 2022 and 2026. The size of the market is forecast to increase by USD 270.04 million. The increasing customer engagement in marinas and recreational boating activities are notably driving the market growth, although factors such as the high risk of maritime accidents may impede the market growth.
The gel coat market is estimated to grow at a CAGR of 6.85% between 2022 and 2026. The size of the market is forecast to increase by USD 540.49 million. The growth of the marine industry and the upcoming yacht project are notably driving the market growth, although factors such as the increased price of gelcoat owing to the rising prices of raw materials may impede the market growth.
What are the key data covered in the luxury yacht market?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the luxury yacht market between 2023 and 2027
- Precise estimation of the size of the luxury yacht market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the luxury yacht market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of luxury yacht market vendors
|
Luxury yacht Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
154 |
|
Base year |
2022 |
|
Historic Period |
2017 -2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 11.26% |
|
Market growth 2023-2027 |
366 thousand units |
|
Market structure |
Fragmented |
|
YoY growth (%) |
10.98 |
|
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
|
Performing contribution |
Europe at 31% |
|
Key countries |
US, China, Japan, UK, and Germany |
|
Competitive landscape |
Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks |
|
Companies profiled |
Alexander Marine International, Azimut Benetti SpA, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, FERRETTI SpA, Fincantieri Spa, Fr. Lurssen Werft GmbH, Gruppo Fipa Srl, Heesen Yachts Sales BV, Horizon Yacht USA, Nobiskrug Yachts GmbH, Oceanco SAM, Overmarine Group Spa, Palmer Johnson, Palumbo Group Spa, Perini Navi Spa, Sanlorenzo Spa, Viking Yacht Co., and Westport Yachts |
|
Market Dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
|
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (thousand units)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (thousand units)
- Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global luxury yacht market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global luxury yacht market 2017 – 2021 (thousand units)
- 4.2 Geography Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Geography Segment 2017 – 2021 (thousand units)
- 4.3 Type Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 (thousand units)
- 4.4 Application Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Application Segment 2017 – 2021 (thousand units)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (thousand units)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Sail yachts – Market size and forecast 2022-2027
- Exhibit 34: Chart on Sail yachts – Market size and forecast 2022-2027 (thousand units)
- Exhibit 35: Data Table on Sail yachts – Market size and forecast 2022-2027 (thousand units)
- Exhibit 36: Chart on Sail yachts – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Sail yachts – Year-over-year growth 2022-2027 (%)
- 6.4 Motor yachts – Market size and forecast 2022-2027
- Exhibit 38: Chart on Motor yachts – Market size and forecast 2022-2027 (thousand units)
- Exhibit 39: Data Table on Motor yachts – Market size and forecast 2022-2027 (thousand units)
- Exhibit 40: Chart on Motor yachts – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Motor yachts – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type (thousand units)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 43: Chart on Application – Market share 2022-2027 (%)
- Exhibit 44: Data Table on Application – Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 45: Chart on Comparison by Application
- Exhibit 46: Data Table on Comparison by Application
- 7.3 Commercial – Market size and forecast 2022-2027
- Exhibit 47: Chart on Commercial – Market size and forecast 2022-2027 (thousand units)
- Exhibit 48: Data Table on Commercial – Market size and forecast 2022-2027 (thousand units)
- Exhibit 49: Chart on Commercial – Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Commercial – Year-over-year growth 2022-2027 (%)
- 7.4 Private – Market size and forecast 2022-2027
- Exhibit 51: Chart on Private – Market size and forecast 2022-2027 (thousand units)
- Exhibit 52: Data Table on Private – Market size and forecast 2022-2027 (thousand units)
- Exhibit 53: Chart on Private – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Private – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Application
- Exhibit 55: Market opportunity by Application (thousand units)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison
- 9.3 Europe – Market size and forecast 2022-2027
- Exhibit 61: Chart on Europe – Market size and forecast 2022-2027 (thousand units)
- Exhibit 62: Data Table on Europe – Market size and forecast 2022-2027 (thousand units)
- Exhibit 63: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.4 APAC – Market size and forecast 2022-2027
- Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 (thousand units)
- Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 (thousand units)
- Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.5 North America – Market size and forecast 2022-2027
- Exhibit 69: Chart on North America – Market size and forecast 2022-2027 (thousand units)
- Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 (thousand units)
- Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.6 South America – Market size and forecast 2022-2027
- Exhibit 73: Chart on South America – Market size and forecast 2022-2027 (thousand units)
- Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 (thousand units)
- Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (thousand units)
- Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (thousand units)
- Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.8 US – Market size and forecast 2022-2027
- Exhibit 81: Chart on US – Market size and forecast 2022-2027 (thousand units)
- Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (thousand units)
- Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.9 UK – Market size and forecast 2022-2027
- Exhibit 85: Chart on UK – Market size and forecast 2022-2027 (thousand units)
- Exhibit 86: Data Table on UK – Market size and forecast 2022-2027 (thousand units)
- Exhibit 87: Chart on UK – Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on UK – Year-over-year growth 2022-2027 (%)
- 9.10 Germany – Market size and forecast 2022-2027
- Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 (thousand units)
- Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 (thousand units)
- Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.11 China – Market size and forecast 2022-2027
- Exhibit 93: Chart on China – Market size and forecast 2022-2027 (thousand units)
- Exhibit 94: Data Table on China – Market size and forecast 2022-2027 (thousand units)
- Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.12 Japan – Market size and forecast 2022-2027
- Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 (thousand units)
- Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 (thousand units)
- Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 101: Market opportunity by geography (thousand units)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 Alexander Marine International
- Exhibit 108: Alexander Marine International – Overview
- Exhibit 109: Alexander Marine International – Product / Service
- Exhibit 110: Alexander Marine International – Key offerings
- 12.4 Azimut Benetti SpA
- Exhibit 111: Azimut Benetti SpA – Overview
- Exhibit 112: Azimut Benetti SpA – Product / Service
- Exhibit 113: Azimut Benetti SpA – Key offerings
- 12.5 Christensen Shipyards LLC
- Exhibit 114: Christensen Shipyards LLC – Overview
- Exhibit 115: Christensen Shipyards LLC – Product / Service
- Exhibit 116: Christensen Shipyards LLC – Key offerings
- 12.6 Damen Shipyards Group
- Exhibit 117: Damen Shipyards Group – Overview
- Exhibit 118: Damen Shipyards Group – Product / Service
- Exhibit 119: Damen Shipyards Group – Key news
- Exhibit 120: Damen Shipyards Group – Key offerings
- 12.7 Feadship Holland BV
- Exhibit 121: Feadship Holland BV – Overview
- Exhibit 122: Feadship Holland BV – Product / Service
- Exhibit 123: Feadship Holland BV – Key offerings
- 12.8 FERRETTI SpA
- Exhibit 124: FERRETTI SpA – Overview
- Exhibit 125: FERRETTI SpA – Product / Service
- Exhibit 126: FERRETTI SpA – Key offerings
- 12.9 Fr. Lurssen Werft GmbH
- Exhibit 127: Fr. Lurssen Werft GmbH – Overview
- Exhibit 128: Fr. Lurssen Werft GmbH – Product / Service
- Exhibit 129: Fr. Lurssen Werft GmbH – Key offerings
- 12.10 Heesen Yachts Sales BV
- Exhibit 130: Heesen Yachts Sales BV – Overview
- Exhibit 131: Heesen Yachts Sales BV – Product / Service
- Exhibit 132: Heesen Yachts Sales BV – Key news
- Exhibit 133: Heesen Yachts Sales BV – Key offerings
- 12.11 Horizon Yacht USA
- Exhibit 134: Horizon Yacht USA – Overview
- Exhibit 135: Horizon Yacht USA – Product / Service
- Exhibit 136: Horizon Yacht USA – Key offerings
- 12.12 Oceanco SAM
- Exhibit 137: Oceanco SAM – Overview
- Exhibit 138: Oceanco SAM – Product / Service
- Exhibit 139: Oceanco SAM – Key offerings
- 12.13 Overmarine Group Spa
- Exhibit 140: Overmarine Group Spa – Overview
- Exhibit 141: Overmarine Group Spa – Product / Service
- Exhibit 142: Overmarine Group Spa – Key offerings
- 12.14 Palmer Johnson
- Exhibit 143: Palmer Johnson – Overview
- Exhibit 144: Palmer Johnson – Product / Service
- Exhibit 145: Palmer Johnson – Key offerings
- 12.15 Palumbo Group Spa
- Exhibit 146: Palumbo Group Spa – Overview
- Exhibit 147: Palumbo Group Spa – Product / Service
- Exhibit 148: Palumbo Group Spa – Key offerings
- 12.16 Viking Yacht Co.
- Exhibit 149: Viking Yacht Co. – Overview
- Exhibit 150: Viking Yacht Co. – Product / Service
- Exhibit 151: Viking Yacht Co. – Key offerings
- 12.17 Westport Yachts
- Exhibit 152: Westport Yachts – Overview
- Exhibit 153: Westport Yachts – Product / Service
- Exhibit 154: Westport Yachts – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 155: Inclusions checklist
- Exhibit 156: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 157: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 158: Research methodology
- Exhibit 159: Validation techniques employed for market sizing
- Exhibit 160: Information sources
- 13.5 List of abbreviations
- Exhibit 161: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
