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Global Luxury Yachts Market: 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; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Luxury Yachts Market Outlook

The global luxury yachts market is expected to grow at a CAGR of 8% in the forecast period of 2020-2025.

 

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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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 (2015-2019) 
    9.3    Global Luxury Yachts Market Forecast (2020-2025)
    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 (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    121-250 Feet
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Above 250 Feet
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Metal and Alloys
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
        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 (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Motorised
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        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 (2015-2019)
            9.7.1.3    Forecast Trend (2020-2025)
        9.7.2    Private
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2015-2019)
            9.7.2.3    Forecast Trend (2020-2025)
    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 (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    11.4    EMR’s 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, 2015 and 2025
2.    Global Luxury Yachts Historical Market: Breakup by Size (USD Billion), 2015-2019
3.    Global Luxury Yachts Market Forecast: Breakup by Size (USD Billion), 2020-2025
4.    Global Luxury Yachts Historical Market: Breakup by Material (USD Billion), 2015-2019
5.    Global Luxury Yachts Market Forecast: Breakup by Material (USD Billion), 2020-2025
6.    Global Luxury Yachts Historical Market: Breakup by Type (USD Billion), 2015-2019
7.    Global Luxury Yachts Market Forecast: Breakup by Type (USD Billion), 2020-2025
8.    Global Luxury Yachts Historical Market: Breakup by End Use (USD Billion), 2015-2019
9.    Global Luxury Yachts Market Forecast: Breakup by End Use (USD Billion), 2020-2025
10.    Global Luxury Yachts Historical Market: Breakup by Region (USD Billion), 2015-2019
11.    Global Luxury Yachts Market Forecast: Breakup by Region (USD Billion), 2020-2025
12.    North America Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    North America Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Europe Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Europe Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Asia Pacific Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Asia Pacific Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Latin America Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Latin America Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Middle East and Africa Luxury Yachts Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Middle East and Africa Luxury Yachts Market Forecast: Breakup by Country (USD Billion), 2020-2025
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 2020 and 2025.

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 2020-2025, 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.

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