The luxury yacht market is sailing toward unprecedented growth, driven by ultra-high-net-worth individuals (UHNWIs), cutting-edge technology, and a rising demand for personalized ocean experiences. Whether for private retreats, elite events, or high-seas exploration, luxury yachts are no longer just a status symbol—they’re a blend of sustainability, innovation, and unparalleled luxury.Aside from traditional components such as jet skis, canoes, and water skiers, demand for innovative gadgets such as hoverboards, jet lev, and skibob is increasing. Further, yachts with high-quality cinema rooms and media rooms are also gaining widespread popularity among potential customers thus, supporting the development of the luxury yacht market in the forecast period.
Some of the prominent players highlighted in the study include Damen Yachting BV (Netherlands), Azimut|Benetti Group (Italy), Baglietto S.p.A. (Italy), BENETEAU (France), Cheoy Lee Shipyards Limited (China), Dyna Craft Ltd. (US), Feadship (Netherlands), Ferretti S.p.a (Italy), FIPA Group (Germany), Fr. Lürssen Werft GmbH & Co. KG (Germany), HanseYachts AG (Germany) Heesen Yachts (Netherlands), Horizon (US),ICON Yachts (Netherlands), Kingship Marine Limited (China), O Yachts (US), Oceanco (Netherlands), Overmarine Group (Italy), Perini Navi S.p.a (Italy), Bavaria Yachtbau GmbH (Germany), Princess Yachts International Plc (UK), Sanlorenzo Spa (Italy), Sunseeker (UK), Brunswick Corporation (US), and Other Major Players.
The Luxury Yacht market estimated at USD 9.09 Billion in the year 2023, is projected to reach a revised size of USD 18.35 Billion by 2032, growing at a CAGR of 8.12% over the analysis period 2024-2032.
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Some of the prominent players highlighted in the study include Damen Yachting BV (Netherlands), Azimut|Benetti Group (Italy), Baglietto S.p.A. (Italy), BENETEAU (France), Cheoy Lee Shipyards Limited (China), Dyna Craft Ltd. (US), Feadship (Netherlands), Ferretti S.p.a (Italy), FIPA Group (Germany), Fr. Lürssen Werft GmbH & Co. KG (Germany), HanseYachts AG (Germany) Heesen Yachts (Netherlands), Horizon (US),ICON Yachts (Netherlands), Kingship Marine Limited (China), O Yachts (US), Oceanco (Netherlands), Overmarine Group (Italy), Perini Navi S.p.a (Italy), Bavaria Yachtbau GmbH (Germany), Princess Yachts International Plc (UK), Sanlorenzo Spa (Italy), Sunseeker (UK), Brunswick Corporation (US), and Other Major Players.
The European region is anticipated to have the highest share of the luxury yacht market in the forecast period attributed to the large presence of luxury yacht manufacturing companies in this region.
Segmentation Analysis of the Luxury Yacht Market
By Type
- Super Yacht
- Fly Bridge Yacht
- Sport Yacht
- Long Range Yacht
- Others
By Application
- Private use
- Commercial use
- Special use
By Size
- 40-90 Feet
- 90-250 Feet
- Above 250 Feet
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Luxury Yacht Market Trend Analysis
Market Dynamics and Key Factors of Luxury Yacht Market:
- In August 2023, Baglietto Shipyard proudly announced the acquisition of its ninth order in the Dom line, marking the sale of Dom133 hull no. 10256. Designed by Stefano Vafiadis and facilitated by broker Marios Iordanou of Blue Point Yachting in Cyprus, the vessel is slated for delivery in 2025. This sale follows the recent deliveries of MY Perla Bianca and Lee, continuing Baglietto's successful streak.
- In January 2023, Princess Yachts introduced the Princess S72, expanding its S-Class range with a 23-meter vessel. The yacht boasts an opulent interior comprising a lavish saloon and four ensuite cabins. Outdoors, a generous space awaits with dining facilities, a wet bar, and ample sunbeds. The yacht's garage accommodates a 3.9m tender and two Seabobs, while a separate transom door leads to a twin-berth crew cabin.
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas: - North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Comprehensive Offerings:
- Historical Market Size and Competitive Analysis (2017–2023)
- Historical Pricing Trends and Regional Price Curve (2017–2023)
- Luxury Yacht Market Size, Share, and Forecast by Segment (2024–2032)
- Luxury Yacht Market Dynamics
- Luxury Yacht Market Trend Analysis
- Import and Export Analysis
- Luxury Yacht Market Segmentation
- Competitive Landscape
- PESTLE Analysis
- PORTER’s Five Forces Analysis
- Industry Value Chain Analysis
- Legal and Regulatory Environment by Region
- Strategic Opportunities and SWOT Analysis
- Conclusion and Strategic Recommendations
Why Invest in this Report?
-Leverage Data for Strategic Decision-Making
-Craft Expansion Strategies for Diverse Markets
-Conduct Comprehensive Competitor Analysis
-Gain Insight into Competitors' Financial Metrics
-Benchmark Against Key Competitors
-Formulate Region-Specific Growth Strategies
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Points Covered in Table of Content of Luxury Yacht Market:
Chapter 01 - Introduction
Chapter 02 - Executive Summary
Chapter 03 - Luxury Yacht Market Landscape
Chapter 04 - Luxury Yacht Market by Segment (xx, xx, xx) (2017-2032)
Chapter 05 - Company Profiles and Competitive Analysis
Chapter 06 - Global Luxury Yacht Market by Region
Chapter 07 - Analyst Viewpoint and Conclusion
Chapter 08 - Our Thematic Research Methodology
Chapter 09 - Case Study
Chapter 10 - Appendix
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