Luxury Yacht Market Research Report
The GMI Research's latest analysis reveals that the Luxury
Yacht Market is slated to register a significant CAGR over the forecast period.
This is attributed to the significantly changing lifestyle of the customers due
to the rising disposable and per capita income and increasing urbanization.
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Luxury Yacht Market’s leading
Manufacturers:
·
Alexander Marine International
·
Azimut Benetti S.p.A.
·
Damen Shipyards Group
·
Ferretti S.p.A.
·
Feadship
·
Princess Yachts Limited
·
Horizon
·
Sunseeker International
·
Sanlorenzo Spa
·
Viking Yacht Company
Luxury Yacht Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The significantly changing lifestyle of the customers due to
the rising disposable and per capita income and increasing urbanization are the
key drivers contributing to the growth of the luxury yacht
market. According to the luxury yacht market analysis, the growing emphasis
on the development of environment-friendly yachts by using alternative fuels,
including solar-powered yachts, and the emergence of the latest technologies
for the development of luxury yachts will further boost the growth of the global
luxury yacht market. As per the luxury yacht market report, the rising trends
for leisure and recreational activities and the growing high net value
individuals will further bolster the demand of the market during the forecast
period.
The rising interest of tourists in marine tourism and water
sports, followed by the increasing tourism industry, will further stimulate the
growth of the market. The rising focus of the manufacturers to develop a luxury
yacht with advanced properties to improve the overall travel experience of the
customers is bringing various new growth opportunities for the luxury yacht
market. On the other hand, the stringent environmental policies of the
government and the increased cost of maintenance of these yachts will hinder
the growth of the global luxury yacht market.
Type Segment
Drivers
On the basis of the type, the motorized luxury yacht is
expected to increase at a higher CAGR over the coming years due to the rising
adoption of this yacht among the customers driven by their improved speed, and
comfort & luxury like yacht offers spacious rooms, more free space,
followed by fewer cabins to confirm more comfort. Additionally, the capability
of the motorized luxury yacht to provide access to the shallow sea and their
improved attractiveness in the sea will further accelerate the market growth.
Regional
Drivers
Based on the region, Europe is predicted to rise at a higher
CAGR over the coming years due to the strong presence of various manufacturing
plants of luxury yachts of the leading organizations and the growth in the
focus on internalization and trade of the manufactures by strategic alliances.
Luxury Yacht Market Segmentation:
Segmentation
by Type:
·
Motorized Luxury Yacht
·
Sailing Luxury Yacht
·
Other Luxury Yacht
Segmentation
by Size:
·
75-120 feet
·
121-250 feet
·
Above 250 feet
Segmentation
by Material:
·
Metal & Alloys
·
Fiber Reinforced Polymers & Composites
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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