Executive Summary
According to a research report published by Azoth Analytics in July 2021, the Global Yacht Market was valued at USD 7.98 Billion in the year 2021. One of the most important factors impacting the yacht market is the increase in the UHNWI population. As the HNWI increases, the addressable customer base of the yacht industry also increases. This provides a strong tailwind for the manufacturers of yachts.
In addition to a growing customer base of UHNWIs, the size of their wealth is also expected to grow in the coming years. This would translate into an increasing average size of yachts or customers shifting towards models with a higher degree of customization and premium features. In both cases, this should support growth in the average selling price of yachts. Furthermore, the market has been growing over the past few years, due to factors such as growing demand for luxury tourism, rising construction of super yachts, a growing number of boat shows, favourable government initiatives, and increasing demand for yacht charter, etc.
The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as customization and personalization, acute focus on eco-friendly and sustainable products, the internet of things, yachts run quieter due to tech advances, explorer yachts are continuing to rise in popularity, etc.
Based on the Vessel Type, the market is segmented into Super/ Mega, Flybridge, Sport, Cruiser, and Others. The Super/ Mega yacht segment is expected to grow at a higher CAGR during the forecast period as the high share of this segment can be attributed to the high popularity of these yachts among the end-users.
Americas is estimated to hold the maximum share in the global Yacht Market in 2021. During the forecast period, Asia-Pacific is set to be the fastest-growing regional market. Furthermore, Asia-Pacific is seeing great growth as a result of a variety of factors. Several factors have contributed to the rapid growth of Yacht markets in Asia-Pacific.
Scope of the Report
• The report analyses the Yacht Market By Value (USD Million) and by Volume (in numbers)
• The report analyses the Yacht Market By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
• The report analyses the Yacht Market By Length (Up to 20 m, 20-50 m, Above 50 m)
• The report analyses the Yacht Market By Application (Private Use, Commercial Use)
• The report analyses the Yacht Market By Propulsion (Motor, Sailing)
• The Global Yacht Market has been analysed by Countries (United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, Italy, China, Australia, Japan)
• The key insights of the report have been presented through the frameworks of Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Vessel type, By Length, By Application, By Propulsion
• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions, new product development. The companies analysed in the report include - Ferretti S.p.A., Sanlorenzo S.p.a., HanseYachts AG, Brunswick Corporation, Beneteau Group, Ocean Alexander, Azimut Benetti, Princess Yachts, Sunseeker International, Damen Group
• The report presents the analysis of the Yacht Market for the historical period of 2016-2021 and the forecast period of 2022-2027.
Key Target Audience
• Yacht Manufacturers
• Financial and Non-Financial Corporates, Retailers etc.
• Government and Policy Makers
• Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 Adopt Latest Technology for Designing & Manufacturing
2.2 The Adoption of Sophisticated Materials
3. Global Yacht Market: Product Overview
4. Global Yacht Market: An Analysis
4.1 Market Size, By Value, By Volume, 2016-2027
4.2 Global Yacht Market: Growth & Forecast
4.3 Impact of COVID-19 on Yacht Market
5. Global Yacht Market: Analysis By Vessel Type
5.1 Competitive Scenario of Global Yacht Market: By Vessel Type (2021 & 2027)
5.2 By Super/ Mega - Market Size and Forecast (2016-2027)
5.3 By Flybridge - Market Size and Forecast (2016-2027)
5.4 By Sport-only - Market Size and Forecast (2016-2027)
5.5 By Cruiser - Market Size and Forecast (2016-2027)
5.6 By Others - Market Size and Forecast (2016-2027)
6. Global Yacht Market: Analysis By Length
6.1 Competitive Scenario of Global Yacht Market: By Length (2021 & 2027)
6.2 By Up to 20 m - Market Size and Forecast (2016-2027)
6.3 By 20-50 m - Market Size and Forecast (2016-2027)
6.4 By Above 50 m - Market Size and Forecast (2016-2027)
7. Global Yacht Market: Analysis By Application
7.1 Competitive Scenario of Global Yacht Market: By Applications (2021 & 2027)
7.2 By Private use - Market Size and Forecast (2016-2027)
7.3 By Commercial - Market Size and Forecast (2016-2027)
8. Global Yacht Market: Analysis By Propulsion
8.1 Competitive Scenario of Global Yacht Market: By Propulsion (2021 & 2027)
8.2 By Motor - Market Size and Forecast (2016-2027)
8.3 By Sailing - Market Size and Forecast (2016-2027)
9. Global Yacht Market: Regional Analysis
9.1 Competitive Scenario of Global Yacht Market: By Region (2021 & 2027)
10. Americas Yacht Market: An Analysis (2016-2027)
10.1 Americas Yacht Market Drivers
10.2 Americas Yacht Market By Value, By Volume: Size and Forecast (2016-2027)
10.3 Americas Yacht Market: Prominent Companies
10.4 Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
10.5 Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
10.6 Market Segmentation By Application (Private Use, Commercial Use)
10.7 Market Segmentation By Propulsion (Motor, Sailing)
10.8 Americas Yacht Market: Country Analysis
10.9 Market Opportunity Chart of Americas Yacht Market - By Country, By Value (Year-2027)
10.10 Competitive Scenario of Americas Yacht Market - By Country (2021 & 2027)
10.11 United States Yacht Market: Size and Forecast (2016-2027)
10.12 United States Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
10.13 United States Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
10.14 United States Yacht Market Segmentation By Application (Private Use, Commercial Use)
10.15 United States Yacht Market Segmentation By Propulsion (Motor, Sailing)
10.16 Canada Yacht Market: Size and Forecast (2016-2027)
10.17 Canada Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
10.18 Canada Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
10.19 Canada Yacht Market Segmentation By Application (Private Use, Commercial Use)
10.20 Canada Yacht Market Segmentation By Propulsion (Motor, Sailing)
10.21 Mexico Yacht Market: Size and Forecast (2016-2027)
10.22 Mexico Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
10.23 Mexico Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
10.24 Mexico Yacht Market Segmentation By Application (Private Use, Commercial Use)
10.25 Mexico Yacht Market Segmentation By Propulsion (Motor, Sailing)
10.26 Brazil Yacht Market: Size and Forecast (2016-2027)
10.27 Brazil Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
10.28 Brazil Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
10.29 Brazil Yacht Market Segmentation By Application (Private Use, Commercial Use)
10.30 Brazil Yacht Market Segmentation By Propulsion (Motor, Sailing)
11. Europe Yacht Market: An Analysis (2016-2027)
11.1 Europe Yacht Market Drivers
11.2 Europe Yacht Market By Value, By Volume: Size and Forecast (2016-2027)
11.3 Recent Developments in Europe Yacht Market
11.4 Europe Yacht Market: Prominent Companies
11.5 Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
11.6 Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
11.7 Market Segmentation By Application (Private Use, Commercial Use)
11.8 Market Segmentation By Propulsion (Motor, Sailing)
11.9 Europe Yacht Market: Country Analysis
11.10 Market Opportunity Chart of Europe Yacht Market - By Country, By Value (Year-2027)
11.11 Competitive Scenario of Europe Yacht Market - By Country (2021 & 2027)
11.12 United Kingdom Yacht Market: Size and Forecast (2016-2027)
11.13 United Kingdom Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
11.14 United Kingdom Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
11.15 United Kingdom Yacht Market Segmentation By Application (Private Use, Commercial Use)
11.16 United Kingdom Yacht Market Segmentation By Propulsion (Motor, Sailing)
11.17 Germany Yacht Market: Size and Forecast (2016-2027)
11.18 Germany Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
11.19 Germany Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
11.20 Germany Yacht Market Segmentation By Application (Private Use, Commercial Use)
11.21 Germany Yacht Market Segmentation By Propulsion (Motor, Sailing)
11.22 France Yacht Market: Size and Forecast (2016-2027)
11.23 France Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
11.24 France Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
11.25 France Yacht Market Segmentation By Application (Private Use, Commercial Use)
11.26 France Yacht Market Segmentation By Propulsion (Motor, Sailing)
11.27 Italy Yacht Market: Size and Forecast (2016-2027)
11.28 Italy Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
11.29 Italy Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
11.30 Italy Yacht Market Segmentation By Application (Private Use, Commercial Use)
11.31 Italy Yacht Market Segmentation By Propulsion (Motor, Sailing)
12. Asia Pacific Yacht Market: An Analysis (2016-2027)
12.1 Asia Pacific Yacht Market Drivers
12.2 Asia Pacific Yacht Market By Value, By Volume: Size and Forecast (2016-2027)
12.3 Asia Pacific Yacht Market: Prominent Companies
12.4 Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
12.5 Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
12.6 Market Segmentation By Application (Private Use, Commercial Use)
12.7 Market Segmentation By Propulsion (Motor, Sailing)
12.8 Asia pacific Yacht Market: Country Analysis
12.9 Market Opportunity Chart of Asia pacific Yacht Market - By Country, By Value (Year-2027)
12.10 Competitive Scenario of Asia Pacific Yacht Market - By Country (2021 & 2027)
12.11 China Yacht Market: Size and Forecast (2016-2027)
12.12 China Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
12.13 China Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
12.14 China Yacht Market Segmentation By Application (Private Use, Commercial Use)
12.15 China Yacht Market Segmentation By Propulsion (Motor, Sailing)
12.16 Australia Yacht Market: Size and Forecast (2016-2027)
12.17 Australia Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
12.18 Australia Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
12.19 Australia Yacht Market Segmentation By Application (Private Use, Commercial Use)
12.20 Australia Yacht Market Segmentation By Propulsion (Motor, Sailing)
12.21 Japan Yacht Market: Size and Forecast (2016-2027)
12.22 Japan Yacht Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
12.23 Japan Yacht Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
12.24 Japan Yacht Market Segmentation By Application (Private Use, Commercial Use)
12.25 Japan Yacht Market Segmentation By Propulsion (Motor, Sailing)
13. Middle East and Africa Yacht Market: An Analysis (2016-2027)
13.1 Middle East and Africa Yacht Market Drivers
13.2 Middle East and Africa Yacht Market By Value, By Volume: Size and Forecast (2016-2027)
13.3 Market Segmentation By Vessel Type (Super/ Mega, Flybridge, Sport, Cruiser, Others)
13.4 Market Segmentation By Length (Up to 20 m, 20-50 m, Above 50 m)
13.5 Market Segmentation By Application (Private Use, Commercial Use)
13.6 Market Segmentation By Propulsion (Motor, Sailing)
14. Global Yacht Market Dynamics
14.1 Global Yacht Market Drivers
14.2 Global Yacht Market Restraints
14.3Global Yacht Market Trends
15. Market Attractiveness
15.1 Market Attractiveness Chart of Global Yacht Market - By Vessel Type (Year 2027)
15.2 Market Attractiveness Chart of Global Yacht Market - By Length (Year 2027)
15.3 Market Attractiveness Chart of Global Yacht Market - Application (Year 2027)
15.4 Market Attractiveness Chart of Global Yacht Market - Propulsion (Year 2027)
15.5 Market Attractiveness Chart of Global Yacht Market - Region (Year 2027)
16. Competitive Landscape
16.1 Market Share of Leading Global Companies
16.2 Porter Five Force Analysis - Global Yacht Market
17. Global Yacht Market: Recent Developments, Merger & Acquisitions
18. Company Profiles (Business Description, Financial Analysis, Business Strategy)
18.1 Ferretti S.p.A.
18.2 Sanlorenzo S.p.a.
18.3 HanseYachts AG
18.4 Brunswick Corporation
18.5 Beneteau Group
18.6 Ocean Alexander
18.7 Azimut Benetti Group
18.8 Princess Yachts
18.9 Sunseeker International
18.10 Damen Group
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