Global Yacht Business Industry Report 2023-2030: Growing Popularity of Nautical Tourism Underpins Market Expansion - Demand Shifts to Larger Superyachts

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Sep 27, 2023, 18:00 ET

DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Yacht Industry - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Yacht Industry Market to Reach $13.7 Billion by 2030

The global market for Yacht Industry estimated at US$9.1 Billion in the year 2022, is projected to reach a revised size of US$13.7 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.

The global Yacht Industry market is poised for substantial growth in the coming years. The market, segmented into various types such as Super Yacht, Sport Yacht, Flybridge Yacht, Long Range Yacht, and others, has been witnessing positive trends. Sales in this industry have steadily increased from 2014 to 2021, and the forecast for the period from 2022 to 2030 suggests continued growth.

Super Yacht, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Sport Yacht segment is estimated at 6.2% CAGR for the next 8-year period.

This expansion is driven by factors such as increased demand for various yacht types across geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World. The Yacht Industry's future looks promising, with various yacht types contributing to its overall growth trajectory.

The Yacht Industry market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Leisure Marine Industry amid COVID-19 Pandemic
Global Yachting Industry Maintains Balance Amid the Storm
The Road Ahead
Yacht Industry - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
An Introduction to Yachts, the Floating Luxuries
Classification of Yachts
Key Trends in Yachting Industry : In a Nutshell
Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
Number of Ultra High Net Worth Individuals by Region: 2020
Number of Ultra High Net Worth Individuals by Region: 2025v
Geographical Localization of HNW Individuals: 2020
Percentage Breakdown of Number HNWI Individuals by Wealth Tier: 2019
Top Countries in Terms of Number of Millionaires as % of Adult Population:
Growing Number of Newer and Younger Billionaires Add to Growth Prospects
Age-wise Distribution of Billionaires: 2020
Developed Regions: Key Revenue Contributors
Yachting Set to Make Significant Gains in Developing Regions
China Evolves into Fastest Growing Market for Yachts
China's Billionaire Population: 2013, 2015, 2017, 2019, and 2021
Motor Yachts Dominate the Scenario
Major Production Hubs
Superyacht Construction Book by Country (in %): 2021
New Yacht Sales by Build Country: 2020
Global Number of Projects by Length : 2021E
Competitive Scenario
Leading Superyacht Companies by Number of Projects and Total Length in Meters: 2020
Recent Market Activity
World Brands

MARKET TRENDS & DRIVERS

Growing Popularity of Nautical Tourism Underpins Market Expansion
Super-Yachts Industry Exhibits Mixed Performance through Categories amid COVID-19
Strong Gains for Explorer Yachts
Rise in Demand for Superyachts to Trigger Growth
Demand Shifts to Larger Superyachts
Top Ten Largest Superyachts Worldwide
A Few New Superyacht Models in the Market, Introduced in the year 2021
Consumers Move to Shorter Holidays
UHNW Individuals Transform the Luxury Yachts Market
Trends Influencing the Luxury Yacht Building Industry
Rising Focus on Sustainable Solutions
Improving Yacht Management Efficiencies
Exploration Yachting Picks Up
Increasing Sophistication of Security Systems
Enhanced Audiovisual Systems Becoming New Normal in Luxury Yachts
Key Luxury Yachts Launched in 2021
Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
Millennials Drive the Trend towards Electric Yachts
Yachts Integrated with Innovations & Novel Design Elements Entice New Yacht Buyers
Adoption of AI Solutions Gains Momentum
Smart Yachts: A Key Area of Development
Designers Get More Optimistic About Possibility of Fully 3D-Printed Yachts
Gyroscopic Stabilization & Smooth Boat Glides
Electric & Smarter Yachts
New Materials & Other Possibilities
Focus on Technologies to Improve Guest Experience
New Generation of Super-Yacht Owners Brings New Changes to Yachting Industry
Higher Demand for Multihulls Among Younger Yacht Owners
High Demand for Greener and Sustainable Yachts
Solar Power Emerges as Mega Trend in Global Yacht Industry
Hybrid Propulsion Systems
Increased Interest of Yacht Owners in Exploring More Remote Destinations
Interest in Yacht Charters Poised to Grow in Post-COVID-19 World
Growing Trend Towards Taking a Staycation on a Yacht
Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
Sailing Yachts for Luxury Yacht Charter Experience
Technological Advances Lead to New Generation of Sports Yachts
Floating Villas and Artificial Semi-Submersible Islands Gaining Widespread Traction
Advanced Cybersecurity Measures Gaining Prominence in Yacht Industry
Surging Interest in Sailing among Women Opens Up Growth Avenues
Support Yachts Find Favor
Carbon Fiber Emerges as a Preferred Material for Yachts
Composites Demand in Boat Building: On the Rise
Marinas Look to Address Shortage of Berths for Megayachts
Increasing Disposable Incomes to Propel Yacht Sales
Yacht's Marine Electronics to Undergo Compelling Evolution Ahead

FOCUS ON SELECT PLAYERS (Total 255 Featured)

Acq Group Holding S.A.
AB Yachts
ABD Aluminium Yachts
Abeking & Rasmussen Schiffs- und Yachtwerft SE
AdaYachtWorks
Agantur Shipyard - Ozkalay Yachts
Alexander Marine International (Ocean Alexander)
Alpha Marine Ltd.
Yacht Designers & Naval Architects
AluMarine Shipyard
Arcadia Yachts Srl
Arkin Pruva Yachts
Astilleros Astondoa SA
Axis Group Yacht Design, Inc.
Azimut Benetti Group
Baglietto SpA

For more information about this report visit https://www.researchandmarkets.com/r/m86a3n

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