Global Luxury Yacht Market

Luxury Yacht Market Size, Share, Growth Analysis, By Type (Motor Yachts, Sailing Yachts), By Size, By Material, By Application, By Region - Industry Forecast 2025-2032

Report ID: SQMIG25P2017 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 116 | Figures: 77

Luxury Yacht Market Competitive Landscape

Even in the face of a global pandemic, the luxury yacht market has remained strong. Here are some of the ways that companies are sustaining in this market to stay competitive:

Offering customization: Many luxury yacht companies are now offering more customization options than ever before. This allows buyers to really make their yacht their own, and helps to create a sense of exclusivity.

Focusing on quality: In order to justify the high price tags, luxury yacht companies are focused on delivering quality boats that will stand the test of time. This attention to detail and craftsmanship is what sets these yachts apart from their mass-produced counterparts.

Providing an experience: It’s not just about the boat itself – it’s about the overall experience that comes with owning a luxury yacht. From concierge services to personalize itineraries, companies are making sure that their clients have a memorable experience from start to finish.

Luxury Yacht Market Top Player's Company Profiles

  • Azimut Benetti 
  • Ferretti Group 
  • Sanlorenzo 
  • Sunseeker International 
  • Princess Yachts 
  • Lürssen 
  • Feadship 
  • Damen Yachting 
  • Heesen Yachts 
  • Oceanco 
  • Baglietto 
  • Perini Navi 
  • Fincantieri Yachts 
  • Horizon Yacht 
  • Westport Yachts 
  • Palumbo Superyachts 
  • CRN Yachts 
  • Gulf Craft 
  • Rossinavi 
  • Codecasa

Luxury Yacht Market

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Global Luxury Yacht Market size was valued at USD 9.90 billion in 2022 and is poised to grow from USD 10.56 billion in 2023 to USD 17.75 billion by 2031, growing at a CAGR of 6.7% during the forecast period (2024-2031).

Even in the face of a global pandemic, the luxury yacht market has remained strong. Here are some of the ways that companies are sustaining in this market to stay competitive: 'Azimut Benetti ', 'Ferretti Group ', 'Sanlorenzo ', 'Sunseeker International ', 'Princess Yachts ', 'Lürssen ', 'Feadship ', 'Damen Yachting ', 'Heesen Yachts ', 'Oceanco ', 'Baglietto ', 'Perini Navi ', 'Fincantieri Yachts ', 'Horizon Yacht ', 'Westport Yachts ', 'Palumbo Superyachts ', 'CRN Yachts ', 'Gulf Craft ', 'Rossinavi ', 'Codecasa'

There are many factors to drive the growing demand for luxury yacht market. First and foremost, among these is the increasing wealth of individuals around the world. As the number of millionaires and billionaires are rising they are looking for ways to spend their money, and luxury yachts are one of the most popular choices.

Rise in disposable income has led in spending on luxury items: In recent years, there has been a growing trend of wealthy individuals purchasing luxury yachts. This is due to a number of factors, including an increase in disposable income and a desire to own a status symbol.

According to general report published by World Bank, Italy, the UK, and the Netherlands are the major producers of luxury yachts in Europe luxury yacht market. In terms of value, Italy leads the way with around €2 billion worth of production, followed by the UK at €1.6 billion and the Netherlands at 1.4 billion. The majority of yacht builders in these countries are concentrated in well-established maritime regions such as Tuscany, Sardinia and Puglia in Italy; Southampton and Plymouth in the UK; and Amsterdam and Zaandam in the Netherlands.

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Global Luxury Yacht Market

Report ID: SQMIG25P2017

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