Seattle, Dec. 13, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global superyacht market was valued at US$ 22.5 billion in 2017, and is projected to exhibit a CAGR of 5.3% during the forecast period (2018 – 2026).

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Key Trends and Analysis of the Superyacht Market:

The global superyacht industry is majorly driven by the rising interest of high net-worth and ultra-high net worth individuals in luxury cruises, particularly in the emerging countries of Asia Pacific, Middle East, and Africa. The superyacht industry is benefitting from the growing trends towards the water-based-sports, marine tourism, and leisure activities.

According to Coherent Market Insights, the global superyacht market is segmented on the basis of yacht type, yacht size, and region. Among yacht size, 40-80 meter superyacht size segment held dominant position in the market in 2017, owing to high sales of smaller sized yachts. For instance, according to Coherent Market Insights, 80% of the yachts sold globally in 2017, were of smaller size (around 50 meters). Among yacht type, motor superyacht segment held dominant position in the market in 2017, and is expected to retain its dominance during the forecast period.

Asia Pacific is expected to be the fastest growing region in the global superyacht market during the forecast period, owing to increasing adoption of modern lifestyle and growing travel & tourism sector in the region. North America was the dominant region in the global superyacht market in 2017, and is projected to maintain its dominance during the forecast period, owing to presence of large number of key players and high demand for superyachts for water-sports and leisure activities.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/superyacht-market-2333

Key Market Takeaways:

  • The market is expected to witness a CAGR of 5.3% during the forecast period (2018–2026), and this is attributed to increasing demand for expedition superyacht
  • Increasing adoption of luxury cruising among high net-worth and ultra-high net-worth individuals particularly in emerging countries of Asia Pacific and Middle East is aiding growth of the marke.
  • Some of the major players operating in the global superyacht market include Amels, Azimut Benetti, Feadship, ISA Yachts, OVERMARINE Group, Blohm+Voss, Christensen Shipyards, Fincanteri, Heensen Yachts, Lurssen, Nobiskrug, Oceanco, Perini Navi, Sunseeker Yachts, Holland Jachtbouw, Royal Huisman, Moonen Shipyards, and Mulder Shipyards

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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