Luxury Yacht Market Report, Share, Size, Growth and Forecast 2025

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Description

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A luxury yacht is a crewed sailing vehicle that is primarily used for recreational activities and sports. It can be operated through wind sailing or by a propulsion system, such as an internal combustion engine (ICE) and gas turbine. Luxury yachts are commonly manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber and treated wood with epoxy resins.
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Sujets

• Luxury
• Yacht
• Märket

Informations

• Publié par: jimmy.ellison94
• Publié le: 07 août 2020
• Nombre de lectures: 2
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Global Luxury Yacht Market Research Report and Forecast 2025

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Report Edition: 2020 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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Global Luxury Yacht Market Overview:

Luxury yachts are crewed pressure vessels that are used for sports and recreational purposes. Earlier, they were manufactured using wood, but nowadays, they are constructed with the composites of steel, aluminum and plastics as they are lightweight, resistant to corrosion and provide flexibility during the production process. These materials also aid in reducing maintenance costs and enhancing strength while increasing the speed and reducing the fuel consumption of yachts.

Luxury Yacht Market Trends

The luxury yacht markethas been witnessing growth on account of rapid urbanization, inflating disposable incomes and rising yacht tourism trends. However, the market growth is currently hampered due to the rising cases of the coronavirus disease (COVID-19) and lockdowns imposed by governments of numerous countries. This has further led to the restriction of all non-essential activities and the adoption of social distancing measures, which, in turn, is negatively impacting the market growth. On the other hand, the relaxation in lockdown restrictions is anticipated to provide opportunities for manufacturers in the upcoming years. Other factors, such as the rising consumer expenditure on recreational and leisure activities and significant growth in the travel and tourism industry, are also expected to create a positive outlook for the market.

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157.3 152.0 160 146.7 141.4 136.1 130.8 140 125.5 120.2 120 100 80 60 40 In Billion US$ 20 0 2012 2013 2014 2015 2016 2017 2018 2019

180 160.0 160 140 120 100 80 60 40 In Billion US$ 20 0 2020

165.3

2021

170.6

2022

175.9

2023

181.2

2024

186.5

2025

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Luxury Yacht Market Segmentation:

Breakup by Type:

• • •

Sailing Luxury Yacht Motorized Luxury Yacht Others

Breakup by Size:

• • •

75-120 Feet 121-250 Feet Above 250 Feet

Breakup by Material:

• • •

FRP/ Composites Metal/ Alloys Others

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Breakup by Application:

• •

Commercial Private

Breakup by Region:

• • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

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Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

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• • • • • • • • • • • • • •

Alexander Marine International Azimut - Benetti S.P.A Brunswick Corporation Christensen Shipyards LLC Damen Shipyards Group N.V Feadship Holland B.V Fincantieri S.p.A. (CDP Industria S.p.A.), Heesen Yachts Sales B.V Horizon Yacht USA (Metal Shark Boats) Palumbo Group S.P.A Princess Yachts Limited (LVMH Group) Sanlorenzo S.p.A. Sunseeker International (Wanda Group) Viking Yacht Company

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