Luxury yacht market size grows by 327.00 units at a compound annual growth rate of 11.32% | The motor yachting sector is expected to witness profitable growth

New YorkAnd the May 27 2022 /PRNewswire/ – file luxury yacht market Volume is expected to grow by 327.00 units with 7.84% annual growth over the forecast period. One of the main factors driving the luxury yacht market is the increase in leisure tourism. The report provides up-to-date analysis of the current market scenario and information from several of the leading manufacturers.

Technavio announced its latest market research report titled Luxury Yacht Market by Type and Geography - Forecast and Analysis 2021-2025

Technavio announced its latest market research report titled Luxury Yacht Market by Type and Geography – Forecast and Analysis 2021-2025

For more insights into YOY and CAGR, Request the latest report form.

This market research report broadly covers the segments of the luxury yacht market via the following:

  • Genre – Software and Services

  • geography – North AmaricaAnd the Europeasia pacific, The Middle East And the AfricaAnd the South america

Get more insights about the growth of this market with a detailed analysis of the most important regions, View our report form!

Dynamics of the luxury yacht market

market driver

The Leisure tourism is on the rise He is one of the main drivers driving the luxury boat market. Tourism is a major economic activity that contributes significantly to the economic growth, employment and social development of many countries around the world. This is partly due to the high number of tourists from emerging countries such as China And the India, who spend nearly three times what they spend on domestic tourism. Increased tourism and leisure activities are just two main reasons behind this.

market trend

The Adopting advanced materials Another important aspect to drive the luxury boat market forward. Most conventional boats are made of steel or aluminum, which makes them bulky and limits their fuel efficiency. Despite the fact that steel and aluminum are less expensive than alternative materials such as fiberglass or pure carbon fiber reinforced composites, yacht builders are aware of the overall benefits of using carbon fiber in boat construction.

Market Challenge

One of the main obstacles to the expansion of the luxury yacht market is high operating cost. Air conditioning, televisions, navigation aids, radar, echo sounding and autopilot are all standard features on board luxury motor yachts. Superyachts require a reliable power generation system to operate all of these features. As a result, luxury motor yachts have higher operating and bunkering expenses than luxury sailing yachts. The high operating costs of commercially used luxury boats pose a threat to the luxury yacht market worldwide, despite the fact that their own operation is minimal.

Our reports cover all the major factors driving the market along with the challenges. To get a detailed understanding of the market trendAnd the Click here to buy now!

Luxury yacht market scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerating at a compound annual growth rate of 11.32%

Market Growth 2021-2025

327.00 units

Market Structure, Market Structure

fragmented

Annual Growth (%)

11.06

Regional Analysis

Europe, Asia Pacific, North America, South America, Middle East and Africa

Market share performance

Europe with 34%

Main consuming countries

United States, United Kingdom, Germany, China and Japan

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

An overview of the main companies

Alexander Marine International Ltd, Azimut Benetti SPA, Brunswick Corp., Christensen Shipbuilding, Damen Shepherds Group N, Feedship Holland BV, Ferretti SBA, Hessen Yachting Sails BV, Over Marine Group Spa, and Palumbo Group Spa

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, analysis of COVID 19 impact, recovery and future consumer dynamics, analysis of market status for the forecast period

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

luxury yacht market segmentation

Download a report form: To learn more highlights and key points about different market segments and their impact in the coming years.

luxury yacht market seller

The increasing competition in the market forces the sellers to adopt various growth strategies such as promotional activities and advertising spending to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies like M&A to stay competitive in the market.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

Find out what the market’s top sellers are, their competition and how they’re outperforming the luxury yacht market in our latest report. Download our detailed report form.

Product insights and news

  • Alexander Marine Ltd. The company offers luxury yachts through the MEGAYACHTS and MOTORYACHTS product segments.

  • Damen Shipbuilding Group The company offers luxury yachts by Dutch luxury yacht builder AMELS.

  • Azimut Benetti Spa – The company offers luxury yachts through the brand Azimut Yachts.

Connect with our analysts to get more customized reports according to your requirements. Talk to our analyst now!

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table of contents

1. Executive Summary

2 market view

3 market sizing

4 Five Forces Analysis

5 Market segmentation by type

6 customer scene

7 Geographical landscape

8 Drivers, Challenges and Trends

9 landscape seller

10 Vendor Analysis

Appendix 11

information about us
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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