Europe Luxury Yacht Market Size, Share, Industry Analysis 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Europe Luxury Yacht Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Europe luxury yacht market is currently witnessing strong growth. Looking forward, IMARC Group expects the market is expected to continue its strong growth during (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

A luxury yacht is a crewed sailing vehicle manufactured using various materials like carbon fiber, wood treated with epoxy resin, fiberglass, steel, and aluminum. It is operated through wind sailing and propulsion systems, such as internal combustion engines (ICE) and gas turbines. A luxury yacht is equipped with luxurious facilities, such as a jacuzzi spa, gymnasium, sauna, and sun pads. It also includes modern convenience features such as air conditioners (ACs), televisions, navigation aids, radars, echo-sounding systems, autopilot facility, and power generating systems.

The Europe luxury yacht market is primarily driven by the growing number of High-Net-Worth Individuals (HNWI) and the rising adoption of technologically advanced yachts. The increasing number of trade shows hosted by manufacturers and recreational boating events has further increased the demand for luxury yachts. Besides this, with the growing preference for coastal and marine tourism, there has been a rise in investments in luxury yachts. Furthermore, the European original equipment manufacturers (OEMs) are introducing luxury yachts with high-tech interiors and amenities, which, in turn, is providing a positive impact on the market growth. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe 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:

Sailing Luxury Yacht
Motorized Luxury Yacht
Others

Breakup by Size:

75-120 Feet
121-250 Feet
Above 250 Feet

Breakup by Material:

FRP/ Composites
Metal/ Alloys
Others

Breakup by Application:

Commercial
Private

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the Europe luxury yacht market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe luxury yacht market?
What are the key regional markets?
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 Europe luxury yacht market and who are the key players?
What is the degree of competition in the industry?