Reports
Global Luxury Yachts Market Size, Share, Trends, Forecast: By Size: 75-120 Feet, 121-250 Feet, Above 250 Feet; By Material: FRP and Composites, Metal and Alloys, Others; By Type: Sailing, Motorised, Others; By End Use: Commercial, Private; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Luxury Yachts Market Outlook
The global luxury yachts market is expected to grow at a CAGR of 8% in the forecast period of 2024-2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Prominent European Market Bolstering the Growth of the Global Market for Luxury Yachts
The rising demand from the high net worth individuals (HNWI) combined with a prominent presence of the major key players in the regions makes Europe one of the most significant markets for luxury yachts. The market in the region is expected to witness a continued growth in the coming years due to the rising R&D activities and technological advancements. The growing investments by OEMs in Europe to ensure luxurious, comfortable, and high-tech interiors is further expected to catalyse the market growth in the region. Some of the major regions in the European market for luxury yachts are Italy, the United Kingdom, and the Netherlands. While the United Kingdom houses many of the major HNWI consumers, with BREXIT, many competitors in the market are expected to shift to other EU countries. Italy is one of the most prominent markets for luxury yachts due to a strong presence of domestic yachts manufacturers and favourable government policies. In the coming years, the Italian market is expected to witness a rising trend of de-localisation, with the Italian manufacturers increasingly focusing on international and emergent markets due to the rising demand and lower labour costs.
The Asia Pacific is a major emerging market for luxury yachts due to the rising economies, growing disposable incomes, and growing manufacturing sector in the region. The favourable government initiatives, growing luxury tourism sectors, and increasing participation in marine recreational activities are expected to propel the market growth in the region. Some of the major markets in the region are China, Singapore, Thailand, Indonesia, the Philippines, Japan, Malaysia, and Australia.
Luxury Yachts: Market Segmentation
Luxury yachts are large, opulent, and pleasure-focussed yachts for cruising. They can have a sail or be motorised. They are usually characterised by its high cost and luxurious amenities. They are usually manned by a private crew and is equipped with modern conveniences like power, HVAC systems, and entertainment systems.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on size, the market is categorised into:
- 75-120 Feet
- 121-250 Feet
- Above 250 Feet
By material, the market is divided into:
- FRP and Composites
- Metal and Alloys
- Others
On the basis of type, the industry is segmented into:
- Sailing
- Motorised
- Others
Based on end use, the market is bifurcated into:
- Commercial
- Private
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Population of High Net Worth Individuals (HNWI) to Propel the Market Growth of Luxury Yachts
The rising population of high net worth individuals, particularly billionaires, is primarily driving the demand for luxury yachts as they constitute the major consumer group in the market. The rising maritime tourism industry, bolstered by various government initiatives and increasing disposable incomes, is further propelling the market growth. The addition of heightened performance characteristics, improved customer experience, and expanding recreational space in luxury yachts is also catalysing the market. The product is usually equipped with modern conveniences like HVAC systems, TV, radar, navigation, autopilot, and a dependable power generating system, among other conveniences. In the coming years, technological innovations and optimisations in designs are expected to drive the market growth. The growing preference of lighter hull materials like fibre reinforced plastic (FRP) is projected to further propel the growth of the industry. FRP is lightweight, has low resistance, and has high corrosion resistance, which helps in increasing the speed and reducing the fuel consumption of the luxury yachts. These factors are expected to aid the adoption of FRP in the market.
The market might, however, face hindrances in its growth due to the rising implementation of government regulations regarding emissions and pollution, which might increase the costs of maintenance of the product. The industry is also expected to face a relative downturn, especially in its commercial segment, due to the outbreak of the COVID-19 pandemic and the related restrictions on travel and gathering.
Key Industry Players in the Global Luxury Yachts Market
The report gives a detailed analysis of the following key players in the global luxury yachts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Azimut Benetti S.p.A
- Ferretti SPA
- Lürssen
- Feadship
- Fincantieri S.p.A.
- Horizon Yacht USA
- Heesen Yachts Sales B.V.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Size, Material, Type, End Use, Region |
| Breakup by Size | 75-120 Feet, 121-250 Feet, Above 250 Feet |
| Breakup by Material | FRP and Composites, Metal and Alloys, Others |
| Breakup by Type | Sailing, Motorised, Others |
| Breakup by End Use | Commercial, Private |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Azimut Benetti S.p.A, Ferretti SPA, Lürssen, Feadship, Fincantieri S.p.A., Horizon Yacht USA, Heesen Yachts Sales B.V., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Analysis of the COVID-19 Impact
6 Executive Summary
6.1 Overview
6.2 Key Market Drivers
6.3 Key Market Developments
6.4 Competitive Structure
6.5 Key Industrial Trends
7 Snapshot
7.1 Global
7.2 Regional
8 Industry Opportunities and Challenges
9 Global Luxury Yachts Market Analysis
9.1 Key Industry Highlights
9.2 Global Luxury Yachts Historical Market (2018-2023)
9.3 Global Luxury Yachts Market Forecast (2024-2032)
9.4 Global Luxury Yachts Market by Size
9.4.1 75-120 Feet
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 121-250 Feet
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Above 250 Feet
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.5 Global Luxury Yachts Market by Material
9.5.1 FRP and Composites
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Metal and Alloys
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Others
9.6 Global Luxury Yachts Market by Type
9.6.1 Sailing
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2023)
9.6.1.3 Forecast Trend (2024-2032)
9.6.2 Motorised
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2023)
9.6.2.3 Forecast Trend (2024-2032)
9.6.3 Others
9.7 Global Luxury Yachts Market by End Use
9.7.1 Commercial
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2023)
9.7.1.3 Forecast Trend (2024-2032)
9.7.2 Private
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2023)
9.7.2.3 Forecast Trend (2024-2032)
9.8 Global Luxury Yachts Market by Region
9.8.1 Market Share
9.8.1.1 North America
9.8.1.2 Europe
9.8.1.3 Asia Pacific
9.8.1.4 Latin America
9.8.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Spain
10.2.3.6 Russia
10.2.3.7 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Azimut Benetti S.p.A
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Ferretti SPA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Lürssen
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Feadship
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Fincantieri S.p.A.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Horizon Yacht USA
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Heesen Yachts Sales B.V.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Luxury Yachts Market: Key Industry Highlights, 2018 and 2032
2. Global Luxury Yachts Historical Market: Breakup by Size (USD Billion), 2018-2023
3. Global Luxury Yachts Market Forecast: Breakup by Size (USD Billion), 2024-2032
4. Global Luxury Yachts Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Luxury Yachts Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Luxury Yachts Historical Market: Breakup by Type (USD Billion), 2018-2023
7. Global Luxury Yachts Market Forecast: Breakup by Type (USD Billion), 2024-2032
8. Global Luxury Yachts Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Luxury Yachts Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Luxury Yachts Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Luxury Yachts Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Luxury Yachts Market Structure
Key Questions Answered in the Report
The global luxury yachts market is projected to grow at a CAGR of 8% between 2024 and 2032.
The major drivers of the industry, such as the rising population of high net worth individuals, favourable government initiatives, growing maritime recreational tourism, improvements in design, and growing demand from the Asia Pacific, are expected to aid the market growth.
The key market trends guiding the growth of the market include the rising adoption of lighter hull materials like fibre reinforced plastic (FRP) and rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sizes of luxury yachts in the market are 75-120 feet, 121-250 feet, and above 250 feet.
The major materials used in luxury yachts are FRP and composites and metal and alloys, among others.
The significant types of luxury yachts in the industry are sailing and motorised, among others.
The leading end use sectors in the market are commercial and private.
The major players in the industry are Azimut Benetti S.p.A, Ferretti SPA, Lürssen, Feadship, Fincantieri S.p.A., Horizon Yacht USA, and Heesen Yachts Sales B.V., among others.
Analyst Review
The global luxury yachts market is being driven by the rising demand from high net worth individuals. Aided by technological advancements, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By size, the market is divided into 75-120 feet, 121-250 feet, and above 250 feet. Based on material, the industry is segmented into FRP and composites and metal and alloys, among others. On the basis of type, the market is divided into sailing and motorised, among others. By end use, the industry is segmented into commercial and private. The major regional markets for luxury yachts are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Azimut Benetti S.p.A, Ferretti SPA, Lürssen, Feadship, Fincantieri S.p.A., Horizon Yacht USA, and Heesen Yachts Sales B.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER