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Luxury Yacht Market by Type (Motor Luxury Yachts, Sailing Luxury Yachts) by Distribution Channel (Private Use, Commercial Use, Special Use, Others): Global Industry Size, Share, Statistics and Forecast 2015 – 2027

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Market Insights

Luxury yachts are large and lavish, with professional crews, state-of-the-art technology, comfortable rooms, and high-quality food. The yacht experience is a status symbol for the world’s most elite classes and provides comfort and high standards. The yacht market is set to grow in the following years because of improved designs, style, comfort, livability, technology, and performance innovations.

Luxury Yacht Market

The luxury yacht market is segmented by type of yacht and by region. There is type, length, and propulsion to consider when it comes to yachts. The yacht types include the superyacht, sports, flybridge, and many others. By size, yachts can be divided into three categories: between 75-120 feet, 121-250 feet, and above 250 feet. The demand for 121-250 feet size yachts is expected to rise the most and dominate the market.

Amid negative economic conditions on account of COVID 19, the Luxury Yacht market has performed well around the world, with a decline of just over 10% in its revenue in the year 2020. However, coping with the economic situation at a rapid pace, the demand for Luxury Yacht is expected to generate revenue of over USD 11.90 billion by the end of 2027, growing at an attractive CAGR of around 8.28%.

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Interesting Facts about Luxury Yacht Industry

  • The world has more than 2,750+ billionaires as of now
  • The number of operational yachts totaled around 9,895 as of today
  • The world’s longest yacht measured over 180 meters in length
  • The U.S. has the highest number of yachts, followed by France, Italy, Spain, and Greece
  • More than 750 superyachts are under construction at any given point in time

Motorized Yacht Segment

In propulsion, there are two options, the sailing yacht, and the motorized yacht. The motorized yacht segment is expected to have the highest growth rate between 2021 and 2027.

Europe to Head Yachts Market

The luxury yacht market is expected to grow the most in Europe by region. Europe is projected to be the fasted growing region for the market due to higher disposable incomes and a rise in living standards. Coastal leisure activities in the area such as snorkeling, kayaking, and scuba diving have also increased, which can be linked to the increased demand for yachts. With a large number of high wealth population and growing tourism industry, the need for yachts is growing in Mediterranean regions, i.e., Italy, Spain, and Greece. There is also expected growth in the markets in France. Italy is the leading producer of yachts, followed by the U.K. and the Netherlands. Taiwan is emerging as a prominent producer of yachts in the Asia Pacific region.

The slowdown in Demand from Turkey and China

One of the major concerns for the manufacturers includes slowing down demand from Turkey and China, which are some of the leading countries for yachts. During 2019 and 2020, Turkey and China reported fewer orders than deliveries made in the same year. However, this is expected to be countered by growing demand from countries like Netherland.

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Yacht Tourism to Boost the Demand

Having a CAGR greater than 8% means that the market is growing reasonably well. Several factors driving the luxury yacht market can be considered. The first of these is the increase in global disposable incomes and more and more high-net-worth individuals emerging. As a result of higher payments, more people are investing in luxury goods like yachts in search of more luxurious lifestyles.

Yacht tourism is the second most important driving factor in the market. Yachts are more accessible to charter and rent, increasing demand, especially among younger consumers. Yacht tourism has also increased due to increased sea and water-related leisure activities. More private islands have also become accessible and added to cruise ship itineraries.

Some key market players are Alexander Marine International, Azimut Benetti S.P.A., Brunswick Corporation, Damen Shipyards Group N.V., Feadship Holland B.V., Horizon Yacht USA, Sanlorenzo S.p.A., Sunseeker International (Wanda Group), and Viking Yacht Company. However, going by the trend, yachts manufacturers mainly focus on motorized yachts as sailing yachts are struggling to find buyers.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Luxury Yacht Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Luxury Yacht Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Distribution Channel
3.3.3.End-user
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
5.COVID 19 Impact Analysis
5.1.Global Luxury Yacht Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Motor Luxury Yacht
6.2.3.Sailing Luxury Yacht
6.3.North America Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Private
6.3.3.Commercial
6.3.4.Special Use
6.3.5.Application 4
6.3.6.Others

7.Europe
7.1.Europe Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Motor Luxury Yacht
7.2.3.Sailing Luxury Yacht
7.3.Europe Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Private
7.3.3.Commercial
7.3.4.Special Use
7.3.5.Application 4
7.3.6.Others

8.Asia Pacific
8.1.Asia Pacific Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Motor Luxury Yacht
8.2.3.Sailing Luxury Yacht
8.3.Asia Pacific Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Private
8.3.3.Commercial
8.3.4.Special Use
8.3.5.Application 4
8.3.6.Others

9.Latin America
9.1.Latin America Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Motor Luxury Yacht
9.2.3.Sailing Luxury Yacht
9.3.Latin America Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Private
9.3.3.Commercial
9.3.4.Special Use
9.3.5.Application 4
9.3.6.Others

10.Middle East
10.1.Middle East Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Motor Luxury Yacht
10.2.3.Sailing Luxury Yacht
10.3.Middle East Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Private
10.3.3.Commercial
10.3.4.Special Use
10.3.5.Application 4
10.3.6.Others

11.Africa
11.1.Africa Luxury Yacht Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Motor Luxury Yacht
11.2.3.Sailing Luxury Yacht
11.3.Africa Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Private
11.3.3.Commercial
11.3.4.Special Use
11.3.5.Application 4
11.3.6.Others

12.Global
12.1.Global Luxury Yacht Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Motor Luxury Yacht
12.1.3.Sailing Luxury Yacht
12.2.Global Luxury Yacht Market, by Distribution Channel, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Private
12.2.3.Commercial
12.2.4.Special Use
12.2.5.Application 4
12.2.6.Others

13.Company Profiles
13.1.Azimut/Benetti
13.2.Ferretti Group
13.3.Sanlorenzo
13.4.Sunseeker
13.5.Feadship
13.6.Lürssen
13.7.Princess Yachts
13.8.Amels / Damen
13.9.Heesen Yachts
13.10.Horizon
13.11.Westport
13.12.Oceanco
13.13.Trinity Yachts
13.14.Fipa Group
13.15.Overmarine
13.16.Perini Navi
13.17.Palmer Johnson
13.18.Cerri – Baglietto
13.19.Christensen
13.20.Others

List of Figures
FIG. 1Global Luxury Yacht Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Luxury Yacht Market Segmentation
FIG. 4Global Luxury Yacht Market, by Type, 2019 (US$ Bn)
FIG. 5Global Luxury Yacht Market, by Distribution Channel, 2019 (US$ Bn)
FIG. 6Global Luxury Yacht Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Luxury Yacht Market Manufacturers, 2019
FIG. 9Global Luxury Yacht Market Value Contribution, By Type, 2020 & 2027 (Value %)
FIG. 10Global Luxury Yacht Market, by Motor Luxury Yacht, Value, 2015-2027 (US$ Bn)
FIG. 11Global Luxury Yacht Market, by Sailing Luxury Yacht, Value, 2015-2027 (US$ Bn)
FIG. 12Global Luxury Yacht Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)
FIG. 13Global Luxury Yacht Market, by Private, Value, 2015-2027 (US$ Bn)
FIG. 14Global Luxury Yacht Market, by Commercial, Value, 2015-2027 (US$ Bn)
FIG. 15Global Luxury Yacht Market, by Special Use, Value, 2015-2027 (US$ Bn)
FIG. 16Global Luxury Yacht Market, by Application 4, Value, 2015-2027 (US$ Bn)
FIG. 17U.S. Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 18Rest of North America Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 19U.K. Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 20Germany Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 21France Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 22Italy Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 23Spain Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 24Russia Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 25BENELUX Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 26Poland Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 27Austria Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 28Rest of Europe Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 29Japan Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 30China Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 31India Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 32South Korea Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 33Australia Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 34Southeast Asia Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 35Rest of Asia Pacific Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 36Middle East & Africa Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 37South Africa Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 38Nigeria Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 39Egypt Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 40GCC Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 41Israel Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 42Latin America Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 43Mechanicalzil Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 44Argentina Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 45Colombia Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 46Peru Luxury Yacht Market, 2015-2027 (US$ Bn)
FIG. 47Chile Luxury Yacht Market, 2015-2027 (US$ Bn)

List of Tables
TABLE 1Market Snapshot: Global Beauty Devices (Luxury Yacht) Market
TABLE 2Global Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 3Global Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 4Global Luxury Yacht Market, by Geography, 2015-2027 (US$ Bn)
TABLE 5North America Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 6North America Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 7North America Luxury Yacht Market, by Country, 2015-2027 (US$ Bn)
TABLE 8Europe Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 9Europe Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 10Europe Luxury Yacht Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 11Asia Pacific Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Luxury Yacht Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Latin America Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 15Latin America Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 16Latin America Luxury Yacht Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 17Middle East Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 18Middle East Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 19Middle East Luxury Yacht Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 20Africa Luxury Yacht Market, by Type, 2015-2027 (US$ Bn)
TABLE 21Africa Luxury Yacht Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 22Africa Luxury Yacht Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 23Azimut/Benetti: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 24Ferretti Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 25Sanlorenzo: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 26Sunseeker: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 27Feadship: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 28Lürssen: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 29Princess Yachts: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 30Amels / Damen: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 31Heesen Yachts: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 32Horizon: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 33Westport: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 34Oceanco: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 35Trinity Yachts: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 36Fipa Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 37Overmarine: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 38Perini Navi: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 39Palmer Johnson: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 40Cerri – Baglietto: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments
TABLE 41Christensen: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

How COVID 19 Impacted Luxury Yacht Market?

Luxury Yacht industry has faced a set back by decline in demand by over 10% during COVID 19 pandemic time.

Which is the leading regional market for Luxury Yacht?

Europe is the largest regional market with highest share in the total volume of Luxury Yacht sold in 2020

What is the major growth driving factors for global Luxury Yacht market?

Ever rising number of billionaires around the world and growing yacht tourism

Which is major segment in Luxury Yacht market by type?

Motorized Luxury Yacht segment dominated the Luxury Yacht market in 2020

Which is major segment in Luxury Yacht market by application?

Private Yacht was the largest application segment of Luxury Yacht in 2020

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