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Press Release:

Global Luxury Yacht Market to Grow at 8.3% During 2021-2026, Bolstered by the Expanding Recreational Tourism Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

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

Market Overview:

The global luxury yacht market exhibited moderate growth during 2015-2020. 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.

Global Luxury Yacht Market Trends and Drivers:

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. Looking forward, IMARC Group expects the global luxury yacht market to grow at a CAGR of 8.3% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury yacht market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, size, material, application and region.

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 Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

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?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Indicators
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Alexander Marine International
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
        15.3.2    Azimut - Benetti S.P.A.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
        15.3.3    Brunswick Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
           15.3.3.4 SWOT Analysis
        15.3.4    Christensen Shipyards LLC
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Damen Shipyards Group N.V.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
        15.3.6    Feadship Holland B.V.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
        15.3.7    Fincantieri S.p.A. (CDP Industria S.p.A.)
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
        15.3.8    Heesen Yachts Sales B.V.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials 
        15.3.9    Horizon Yacht USA
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Palumbo Group S.P.A.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials 
        15.3.11    Princess Yachts Limited
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials
        15.3.12    Sanlorenzo S.p.A.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
        15.3.13    Sunseeker International (Wanda Group)
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 
           15.3.13.3 Financials
        15.3.14    Viking Yacht Company
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 

List of Figures

Figure 1: Global: Luxury Yacht Market: Major Drivers and Challenges
Figure 2: Global: Luxury Yacht Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Luxury Yacht Market: Breakup by Type (in %), 2020
Figure 4: Global: Luxury Yacht Market: Breakup by Size (in %), 2020
Figure 5: Global: Luxury Yacht Market: Breakup by Material (in %), 2020
Figure 6: Global: Luxury Yacht Market: Breakup by Application (in %), 2020
Figure 7: Global: Luxury Yacht Market: Breakup by Region (in %), 2020
Figure 8: Global: Luxury Yacht Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Luxury Yacht (Sailing Luxury Yacht) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Luxury Yacht (Sailing Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Luxury Yacht (Motorized Luxury Yacht) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Luxury Yacht (Motorized Luxury Yacht) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Luxury Yacht (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Luxury Yacht (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Luxury Yacht (75-120 Feet) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Luxury Yacht (75-120 Feet) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Luxury Yacht (121-250 Feet) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Luxury Yacht (121-250 Feet) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Luxury Yacht (Above 250 Feet) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Luxury Yacht (Above 250 Feet) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Luxury Yacht (FRP/ Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Luxury Yacht (FRP/ Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Luxury Yacht (Metal/ Alloys) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Luxury Yacht (Metal/ Alloys) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Luxury Yacht (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Luxury Yacht (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Luxury Yacht (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Luxury Yacht (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Luxury Yacht (Private) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Luxury Yacht (Private) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia Pacific: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia Pacific: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Luxury Yacht Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Luxury Yacht Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Luxury Yacht Industry: SWOT Analysis
Figure 80: Global: Luxury Yacht Industry: Value Chain Analysis
Figure 81: Global: Luxury Yacht Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Luxury Yacht Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Luxury Yacht Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Luxury Yacht Market Forecast: Breakup by Size (in Million US$), 2021-2026
Table 4: Global: Luxury Yacht Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 5: Global: Luxury Yacht Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Luxury Yacht Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Luxury Yacht Market Structure
Table 8: Global: Luxury Yacht Market: Key Players

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