Luxury Yacht Market Trends, Growth, Demand and Forecast Till 2025

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Global Luxury

Yacht Market

Research Report

and Forecast 2025

Report Edition: 2020

© 2020 IMARC 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 ofsteel, aluminum and plastics as they are lightweight, resistant to corrosion and provide flexibility duringthe production process. These materials also aid in reducing maintenance costs and enhancing strengthwhile increasing the speed and reducing the fuel consumption of yachts.

Luxury Yacht Market Trends

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

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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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A partial List of our ClientsWe are the trusted business partners to theworld's leading corporates, governments, andinstitutions

Partial List of Clients

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