The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Asia Pacific luxury yacht market is currently witnessing strong growth. A luxury yacht is a crewed sailing vehicle used for recreational activities and sports. It is made with a wide range of materials, including steel, aluminum, fiberglass, wood treated with epoxy resin and carbon fiber. It is generally chartered or rented by private entities seeking luxury, comfort and sophistication. A luxury yacht is operated through wind sailing or by propulsion systems like internal combustion engines (ICE) and gas turbines. In the Asia Pacific region, the demand for luxury yachts has escalated over the years. These state-of-the-art yachts meet specific criteria and offer spacious cabins, well-equipped galleys, dining rooms and staterooms, which are usually equipped with sound and media systems.
The Asia Pacific luxury yacht market is primarily driven by the rising disposable incomes and improving living standards of individuals. The growing demand for marine recreational activities in various countries like Singapore, Thailand, China, and Australia, is creating a significant impact on the market. Moreover, the availability of improved maritime security systems, connectivity, and tracking and rising internet penetration is further escalating the demand for luxury yachts. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific luxury yacht market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, size, material and application.
Breakup by Type:
Breakup by Size:
Breakup by Material:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at