The luxury yacht market size is expected to grow from US$ 6,076.59 million in 2022 to US$ 10,338.10 by 2028; it is estimated to register a CAGR of 9.3% from 2022 to 2028.

The growing awareness regarding environmental protection and the need to lower the carbon footprint left behind by the diesel yacht is driving a shift toward luxury yachts operating on green energy. With the increasing demand for luxury yachts running on renewable energy, yacht manufacturers are working on harnessing solar energy to provide electricity to yachts. As most yachts cruise in sunny places, harnessing power from the sun becomes easier. For example, in April 2021, the Sunreef Yachts Eco R&D team produced an in-house solar power system. The system is enabled with the industry’s first composite-integrated photovoltaic technology that uses ultra-thin, shock-resistant, and highly efficient solar cells.

Many luxury yacht market players are implementing solar panels on yachts, making their operations eco-friendly. For instance, in February 2022, ALVA Yachts introduced ECO 60 Explorer electric yachts with solar panels. This new yacht has an expansive roof integrated with solar panels. In February 2023, Silent-Yachts launched Silent 60, its first solar electric catamaran, at its shipyard in Fano, Italy. This luxury yacht has four guest cabins on the lower deck, with a spacious master suite. It also consists of numerous social areas, including an airy main saloon, a cozy bow area, an aft cockpit, and a flybridge. Further, in March 2022, Zaha Hadid Architects partnered with Rossinavi and designed Oneiric, a luxury yacht that works 100% on solar power. It consists of a solar-paneled roof, making it entirely run on renewable energy. Thus, the rising implementation of green energy in luxury yachts is emerging as a notable trend in the luxury yacht market.

Impact of COVID-19 Pandemic on Luxury Yacht market

Germany, the UK, France, and Italy were severally affected due to the COVID-19 pandemic in 2020. The pandemic affected the operations of yacht manufacturers, as manufacturers had to temporarily stop manufacturing operations or continue their operations with limited workforces, adversely impacting product deliveries in 2020. Also, due to the disruption in the supply chain worldwide, the yacht manufacturers faced a shortage of various electronic components, negatively impacting the Europe luxury yacht market. However, in 2021, with the relaxation of lockdown measures, the manufacturing business started again. The luxury yacht market also gained momentum. The luxury yacht market is expected to grow due to the increasing demand for these yachts from the wealthy population. In October 2021, Marina Port Vell, a Spanish company, announced that they would build 23 new berths for superyachts due to the rising demand for superyachts. Thus, all the above factors will fuel the growth of the luxury yacht market in Europe during the forecast period.

Based on size, the luxury yacht market is segmented into 75–120 feet, 121–250 feet, and above 250 feet. 121–250 feet length luxury yachts are preferred across the globe. However, the increasing trend of personal yachts from billionaires is creating significant demand for 75–120 feet length luxury yachts.

A yacht of size 75–120 feet is also known as a superyacht. Superyachts are generally used for sports activities as they are lightweight. Luxury yachts of this size cannot accommodate several rooms; thus, they are not preferred for long travels or vacation and tourism applications. However, the increase in water sports activities by both private and commercial end users is contributing to the rise in the demand for luxury yachts of size 75–120 feet.

Azimut Benetti S.p.A., Bavaria Yachtbau GmbH, DELTA MARINE, Brunswick Corporation, Cheoy Lee Shipyards Limited, Damen Group, FINCANTIERI S.p.A., Heesen Yachts Sales B.V., Palumbo Superyachts Ancona s.r.l, and Oceanco are among the key players operating in the global luxury yacht market and profiled in this market study.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Luxury yacht Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Luxury Yacht Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Yacht Tourism
5.1.2 Increasing Superyacht Demand
5.2 Key Market Restraints
5.2.1 High Initial Cost and Carbon Footprint
5.3 Key Market Opportunities
5.3.1 Rising Demand in Asia Pacific
5.4 Future Trends
5.4.1 Implementation of Solar Energy
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Yacht Market– Global Market Analysis
6.1 Luxury Yacht Market Global Overview
6.2 Global Luxury Yacht Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Luxury Yacht Market Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 Luxury Yacht Market, by Type (2021 & 2028)
7.3 Sailing Luxury Yacht
7.3.1 Overview
7.3.2 Sailing Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
7.4 Motorized Luxury Yacht
7.4.1 Overview
7.4.2 Motorized Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8. Luxury Yacht Market Analysis and Forecast to 2028 – by Material
8.1 Overview
8.2 Luxury Yacht Market, by Material (2021 & 2028)
8.3 FRP/Composites
8.3.1 Overview
8.3.2 FRP/Composites: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8.4 Metal/Alloys
8.4.1 Overview
8.4.2 Metal/Alloys: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9. Luxury Yacht Market Analysis and Forecast to 2028 – by Size
9.1 Overview
9.2 Luxury Yacht Market, by Size (2021 & 2028)
9.3–120 Feet
9.3.1 Overview
9.3.2–120 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9.4–250 Feet
9.4.1 Overview
9.4.2–250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
9.5 Above 250 Feet
9.5.1 Overview
9.5.2 Above 250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
10. Luxury yacht Market– Geographic Analysis
10.1 Overview
10.2 North America:
10.2.1 North America: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.2.2 North America: Luxury yacht Market, by Type
10.2.3 North America: Luxury yacht Market, by Material
10.2.4 North America: Luxury yacht Market, by Size
10.2.5 North America: Luxury yacht Market, by Key Country
10.2.5.1 US: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Luxury yacht Market, by Type
10.2.5.1.2 US: Luxury yacht Market, by Material
10.2.5.1.3 US: Luxury yacht Market, by Size
10.2.5.2 Canada: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Luxury yacht Market, by Type
10.2.5.2.2 Canada: Luxury yacht Market, by Material
10.2.5.2.3 Canada: Luxury yacht Market, by Size
10.2.5.3 Mexico: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Luxury yacht Market, by Type
10.2.5.3.2 Mexico: Luxury yacht Market, by Material
10.2.5.3.3 Mexico: Luxury yacht Market, by Size
10.3 Europe:
10.3.1 Europe: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.3.2 Europe: Luxury yacht Market, by Type
10.3.3 Europe: Luxury yacht Market, by Material
10.3.4 Europe: Luxury yacht Market, by Size
10.3.5 Europe: Luxury yacht Market, by Key Country
10.3.5.1 Germany: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Luxury yacht Market, by Type
10.3.5.1.2 Germany: Luxury yacht Market, by Material
10.3.5.1.3 Germany: Luxury yacht Market, by Size
10.3.5.2 France: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Luxury yacht Market, by Type
10.3.5.2.2 France: Luxury yacht Market, by Material
10.3.5.2.3 France: Luxury yacht Market, by Size
10.3.5.3 Italy: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Luxury yacht Market, by Type
10.3.5.3.2 Italy: Luxury yacht Market, by Material
10.3.5.3.3 Italy: Luxury yacht Market, by Size
10.3.5.4 UK: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Luxury yacht Market, by Type
10.3.5.4.2 UK: Luxury yacht Market, by Material
10.3.5.4.3 UK: Luxury yacht Market, by Size
10.3.5.5 Russia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Luxury yacht Market, by Type
10.3.5.5.2 Russia: Luxury yacht Market, by Material
10.3.5.5.3 Russia: Luxury yacht Market, by Size
10.3.5.6 Rest of Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Luxury yacht Market, by Type
10.3.5.6.2 Rest of Europe: Luxury yacht Market, by Material
10.3.5.6.3 Rest of Europe: Luxury yacht Market, by Size
10.4 APAC:
10.4.1 Overview
10.4.2 Asia Pacific: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.4.3 Asia Pacific: Luxury yacht Market, by Type
10.4.4 Asia Pacific: Luxury yacht Market, by Material
10.4.5 Asia Pacific: Luxury yacht Market, by Size
10.4.6 Asia Pacific: Luxury yacht Market, by Key Country
10.4.6.1 Australia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Australia: Luxury yacht Market, by Type
10.4.6.1.2 Australia: Luxury yacht Market, by Material
10.4.6.1.3 Australia: Luxury yacht Market, by Size
10.4.6.2 China: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 China: Luxury yacht Market, by Type
10.4.6.2.2 China: Luxury yacht Market, by Material
10.4.6.2.3 China: Luxury yacht Market, by Size
10.4.6.3 India: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 India: Luxury yacht Market, by Type
10.4.6.3.2 India: Luxury yacht Market, by Material
10.4.6.3.3 India: Luxury yacht Market, by Size
10.4.6.4 Japan: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Japan: Luxury yacht Market, by Type
10.4.6.4.2 Japan: Luxury yacht Market, by Material
10.4.6.4.3 Japan: Luxury yacht Market, by Size
10.4.6.5 South Korea: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 South Korea: Luxury yacht Market, by Type
10.4.6.5.2 South Korea: Luxury yacht Market, by Material
10.4.6.5.3 South Korea: Luxury yacht Market, by Size
10.4.6.6 Rest of APAC: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.6.1 Rest of APAC: Luxury yacht Market, by Type
10.4.6.6.2 Rest of APAC: Luxury yacht Market, by Material
10.4.6.6.3 Rest of APAC: Luxury yacht Market, by Size
10.5 MEA: Luxury yacht Market
10.5.1 Overview
10.5.2 MEA: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.5.3 MEA: Luxury yacht Market, by Type
10.5.4 MEA: Luxury yacht Market, by Material
10.5.5 MEA: Luxury yacht Market, by Size
10.5.6 Middle East and Africa: Luxury yacht Market, by Key Country
10.5.6.1 South Africa: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 South Africa: Luxury yacht Market, by Type
10.5.6.1.2 South Africa: Luxury yacht Market, by Material
10.5.6.1.3 South Africa: Luxury yacht Market, by Size
10.5.6.2 Saudi Arabia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 Saudi Arabia: Luxury yacht Market, by Type
10.5.6.2.2 Saudi Arabia: Luxury yacht Market, by Material
10.5.6.2.3 Saudi Arabia: Luxury yacht Market, by Size
10.5.6.3 UAE: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 UAE: Luxury yacht Market, by Type
10.5.6.3.2 UAE: Luxury yacht Market, by Material
10.5.6.3.3 UAE: Luxury yacht Market, by Size
10.5.6.4 Rest of MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Rest of MEA: Luxury yacht Market, by Type
10.5.6.4.2 Rest of MEA: Luxury yacht Market, by Material
10.5.6.4.3 Rest of MEA: Luxury yacht Market, by Size
10.6 SAM: Luxury yacht
10.6.1 SAM: Luxury yacht Market– Revenue, and Forecast to 2028 (US$ Million)
10.6.2 SAM: Luxury yacht Market, by Type
10.6.3 SAM: Luxury yacht Market, by Material
10.6.4 SAM: Luxury yacht Market, by Size
10.6.5 SAM: Luxury yacht Market, by Key Country
10.6.5.1 Brazil: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Luxury yacht Market, by Type
10.6.5.1.2 Brazil: Luxury yacht Market, by Material
10.6.5.1.3 Brazil: Luxury yacht Market, by Size
10.6.5.2 Argentina: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Luxury yacht Market, by Type
10.6.5.2.2 Argentina: Luxury yacht Market, by Material
10.6.5.2.3 Argentina: Luxury yacht Market, by Size
10.6.5.3 Rest of SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Luxury yacht Market, by Type
10.6.5.3.2 Rest of SAM: Luxury yacht Market, by Material
10.6.5.3.3 Rest of SAM: Luxury yacht Market, by Size
11. Impact of COVID-19 Pandemic on Luxury Yacht Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Fincantieri SpA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Azimut Benetti SpA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Bavaria Yachtbau GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Delta Marine Industries Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Heesen Yachts Sales BV
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Palumbo Superyachts Ancona SRL
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Alblasserdam Yachtbuilding BV
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Fr. Lurssen Werft GmbH & Co KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cheoy Lee Shipyards Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Damen Shipyards Group NV
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1. Global Luxury Yacht Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Luxury yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Luxury yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Luxury yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Luxury yacht Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Table 78. SAM: Luxury yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 79. SAM: Luxury yacht Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 82. Brazil: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 85. Argentina: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Luxury yacht Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Luxury yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of SAM: Luxury yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)
Table 89. List of Abbreviation

LIST OF FIGURES

Figure 1. Luxury Yacht Market Segmentation
Figure 2. Luxury Yacht Market Segmentation – Geography
Figure 3. Luxury Yacht Market Overview
Figure 4. Luxury Yacht Market, by Type
Figure 5. Luxury Yacht Market, by Material
Figure 6. Luxury Yacht Market, by Size
Figure 7. Luxury Yacht Market, by Region
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Luxury yacht Market Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Luxury Yacht Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Luxury Yacht Market
Figure 17. Global Luxury Yacht Market, Forecast and Analysis (US$ Million)
Figure 18. Market Positioning- Top Five Players
Figure 19. Luxury Yacht Market, by Type (2021 & 2028)
Figure 20. Sailing Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Motorized Luxury Yacht: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Luxury Yacht Market, by Material (2021 & 2028)
Figure 24. FRP/Composites: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Metal/Alloys: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Luxury Yacht Market, by Size (2021 & 2028)
Figure 28. –120 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. –250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Above 250 Feet: Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Global Luxury yacht Market Revenue Share, by Region (2021)
Figure 32. North America: Luxury yacht Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Luxury yacht Revenue Share, by Type (2021 and 2028)
Figure 34. North America: Luxury yacht Revenue Share, by Material (2021 and 2028)
Figure 35. North America: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 36. North America: Luxury yacht Revenue Share, by Key Country (2021 and 2028)
Figure 37. US: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 42. Europe: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 43. Europe: Luxury yacht Market Revenue Share, by Size (2021 and 2028)
Figure 44. Europe: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 53. Asia Pacific: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 54. Asia Pacific: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 55. Asia Pacific: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 64. MEA: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 65. MEA: Luxury yacht Market Revenue Share, by Size, (2021 AND 2028)
Figure 66. Middle East and Africa: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 67. South Africa: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of MEA: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Luxury yacht Market Revenue Share, by Type (2021 and 2028)
Figure 73. SAM: Luxury yacht Market Revenue Share, by Material (2021 and 2028)
Figure 74. SAM: Luxury yacht Market Revenue Share, by Key Country (2021 and 2028)
Figure 75. Brazil: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Luxury yacht Market– Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic on North America Country Markets
Figure 79. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 80. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 81. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets
Figure 82. Impact of COVID-19 Pandemic on South America Country Markets

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global luxury yacht market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global luxury yacht market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of Companies – Luxury Yacht Market 
• Azimut Benetti S.p.A.
• Bavaria Yachtbau GmbH
• DELTA MARINE
• Brunswick Corporation
• Cheoy Lee Shipyards Limited
• Damen Group
• FINCANTIERI S.p.A.
• Heesen Yachts Sales B.V.
• Palumbo Superyachts Ancona s.r.l
• Oceanco

According to the new research report on “Luxury Yacht Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 10,338.10 million by 2028 and register a CAGR of 9.3% from 2022 to 2028.

Technological and aesthetical development in the yacht designs is creating significant opportunity for the market players to enhance their share in the luxury yacht market. Superyachts are large luxury yachts that are equipped with Jacuzzis, sky lounges, dining rooms, bars, etc. Professional crew members are often appointed on these yachts. Superyachts can tread into deeper waters. Many players in the luxury yacht market are producing superyachts with various features.

• In February 2023, Heesen Yachts launched a 60-meter Project SkyFall. The superyacht was named Ultra G. The yacht consists of the space for sociable fishing adventures and the master apartment with a private terrace. It also includes a jacuzzi, a large walk-in wardrobe, a big bathroom, a custom wine fridge, a media room, and an elegant games table.

• In October 2022, Conrad Yachts launched the first unit of its C144S line—Ace. Ace, Poland’s largest superyacht, can accommodate 10 guests and 9 crew members.

• In April 2022, Amels introduced its new 80-meter (263-ft) superyacht. The features of this new yacht include a Jacuzzi, access via an elevator and internal stairs, a spacious beach club with a spa, a glass-bottom swimming pool, and a lounge area with openings on three sides.

• In February 2020, Gulf Craft launched its new Majesty 120, a 37-meter tri-deck superyacht. All the onboard equipment of the yacht is entirely electrically powered, and no hydraulic systems are used.

Thus, the increasing number of launches of superyachts with different features, ranging from indoor sport to entertainment and relaxation, is bolstering the luxury yacht market growth.

Asia Pacific holds a substantial opportunity in the luxury yacht market growth owing to the rising disposable income and increased number of billionaires in the region. Manufacturers and professionals engaged in luxury yachts are focused on increasing yachting activities and production of superyachts in the region, which is contributing to the growth of the luxury yacht market. Moreover, there is a rise in demand for superyachts and an increase in yacht sales due to a surge in yacht chartering activities. All these factors are fueling the growth of the Asia Pacific luxury yacht market.

Emerging regions such as APAC, MEA, and SAM are anticipated to offer ample future growth opportunities to the luxury yacht market from 2022 to 2028. These regions are characterized by the presence of some of the major countries that contribute a substantial fleet value to the global yacht market. China, Japan, Singapore, and South Korea are among the leading countries inclined toward water tourism. In addition to these markets, there are several other potential developing markets for the adoption of luxury yachts, such as India, Brazil, Argentina, Indonesia, Vietnam, Malaysia, the Philippines, Thailand, and Saudi Arabia. All these countries are anticipated to offer ample growth opportunities for luxury yacht shipyards.

Key Findings of Study:

The luxury yacht market size is segmented into type, material, size, and geography. Based on type, the luxury yacht market is segmented into sailing luxury yacht, motorized luxury yacht, and others. Based on material, the luxury yacht market analysis is divided into FRP/composites, metal/alloys, and others. Based on size, the luxury yacht market analysis is categorized into 75–120 feet, 121–250 feet, and above 250 feet. By geography, the luxury yacht market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Based on type, the luxury yacht market is segmented into sailing luxury yacht, motorized luxury yacht, and others. The motorized luxury yacht segment dominated the market in 2021. However, the sailing luxury yacht segment is expected to grow at a significant CAGR. Sailing luxury yachts is gaining momentum in the global luxury yacht market owing to large load-carrying capacity, easy technical structure, and low maintenance cost. The increasing number of service providers offering vacation packages in luxury yachts further presents lucrative business opportunities to luxury yacht manufacturers. For instance, Burgess and IYC offer a range of luxury sailing yachts for consumers to buy and rent out for vacations.

The major driver of the motorized luxury yacht segment size is the speed offered by the yacht. A motorized yacht has an advantage over a sailing yacht in shallow sea areas. It also offers better comfort as it is more spacious than a sailing yacht, thereby enabling more free space and bigger rooms and amenity areas. These factors are contributing to the rising demand for motorized luxury yachts. Croatia has experienced a rise in nautical tourism due to its geographical position. Motor yachts offer an advantage over sailing yachts in the country owing to the country’s terrain configurations. With the presence of several yacht rental service providers and tour service providers, the demand for motor yachts is constantly growing across the country, thereby contributing to the growth of the segment.