Global Yacht Industry Business Report 2023: Yachts Integrated with Innovations & Novel Design Elements Entice New Yacht Buyers


Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Yacht Industry: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Yacht Industry Market to Reach $13.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Yacht Industry estimated at US$9.1 Billion in the year 2022, is projected to reach a revised size of US$13.7 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.

Super Yacht, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sport Yacht segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 6.4% CAGR

The Yacht Industry market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages507
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$9.1 Billion
Forecasted Market Value (USD) by 2030$13.7 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Leisure Marine Industry amid COVID-19 Pandemic
  • Global Yachting Industry Maintains Balance Amid the Storm
  • The Road Ahead
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • An Introduction to Yachts, the Floating Luxuries
  • Classification of Yachts
  • Key Trends in Yachting Industry : In a Nutshell
  • Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
  • Growing Number of Newer and Younger Billionaires Add to Growth Prospects
  • Developed Regions: Key Revenue Contributors
  • Yachting Set to Make Significant Gains in Developing Regions
  • China Evolves into Fastest Growing Market for Yachts
  • Motor Yachts Dominate the Scenario
  • Major Production Hubs
  • Competitive Scenario
  • Recent Market Activity
  • World Brands

MARKET TRENDS & DRIVERS

  • Growing Popularity of Nautical Tourism Underpins Market Expansion
  • Super-Yachts Industry Exhibits Mixed Performance through Categories amid COVID-19
  • Strong Gains for Explorer Yachts
  • Rise in Demand for Superyachts to Trigger Growth
  • Demand Shifts to Larger Superyachts
  • Top Ten Largest Superyachts Worldwide
  • A Few New Superyacht Models in the Market, Introduced in the year 2021
  • Consumers Move to Shorter Holidays
  • UHNW Individuals Transform the Luxury Yachts Market
  • Trends Influencing the Luxury Yacht Building Industry
  • Rising Focus on Sustainable Solutions
  • Improving Yacht Management Efficiencies
  • Exploration Yachting Picks Up
  • Increasing Sophistication of Security Systems
  • Enhanced Audiovisual Systems Becoming New Normal in Luxury Yachts
  • Key Luxury Yachts Launched in 2021
  • Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
  • Millennials Drive the Trend towards Electric Yachts
  • Yachts Integrated with Innovations & Novel Design Elements Entice New Yacht Buyers
  • Adoption of AI Solutions Gains Momentum
  • Smart Yachts: A Key Area of Development
  • Designers Get More Optimistic About Possibility of Fully 3D-Printed Yachts
  • Gyroscopic Stabilization & Smooth Boat Glides
  • Electric & Smarter Yachts
  • New Materials & Other Possibilities
  • Focus on Technologies to Improve Guest Experience
  • New Generation of Super-Yacht Owners Brings New Changes to Yachting Industry
  • Higher Demand for Multihulls Among Younger Yacht Owners
  • High Demand for Greener and Sustainable Yachts
  • Solar Power Emerges as Mega Trend in Global Yacht Industry
  • Hybrid Propulsion Systems
  • Increased Interest of Yacht Owners in Exploring More Remote Destinations
  • Interest in Yacht Charters Poised to Grow in Post-COVID-19 World
  • Growing Trend Towards Taking a Staycation on a Yacht
  • Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
  • Sailing Yachts for Luxury Yacht Charter Experience
  • Technological Advances Lead to New Generation of Sports Yachts
  • Floating Villas and Artificial Semi-Submersible Islands Gaining Widespread Traction
  • Advanced Cybersecurity Measures Gaining Prominence in Yacht Industry
  • Surging Interest in Sailing among Women Opens Up Growth Avenues
  • Support Yachts Find Favor
  • Carbon Fiber Emerges as a Preferred Material for Yachts
  • Composites Demand in Boat Building: On the Rise
  • Marinas Look to Address Shortage of Berths for Megayachts
  • Increasing Disposable Incomes to Propel Yacht Sales
  • Yacht's Marine Electronics to Undergo Compelling Evolution Ahead

FOCUS ON SELECT PLAYERS (Total 255 Featured)

  • Baglietto s.p.a
  • Azimut Yachts
  • Bavaria Yachtbau GmbH
  • BENETEAU
  • Blohm+Voss Shipyards
  • Brunswick Corporation
  • Cheoy Lee Shipyards Limited
  • Christensen Shipyards Ltd.
  • Damen Yachting BV
  • Dyna Craft Ltd.
  • Feadship
  • Ferretti S.p.a
  • Fr. Lurssen Werft GmbH & Co. KG
  • HanseYachts AG
  • Heesen Yachts Sales B.V.
  • Horizon Yacht Company
  • Kingship Marine Limited
  • Oceanco
  • Overmarine Group Spa
  • Perini Navi S.p.a
  • Princess Yachts International Plc
  • Sanlorenzo Spa
  • Sunseeker International

For more information about this report visit https://www.researchandmarkets.com/r/6kp301

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Global Market for Yacht Industry

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