Yachts with length greater than 79 feet are known as luxury yachts. They are mainly used for recreational purposes which are equipped with modern convenience features such as ACs, TV, navigation aids, radar, echo-sounding, autopilot, and reliable power generating systems.
The consumption volume of luxury yacht is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of luxury yacht market might be slightly slow. But it is surely forecasted that the market of luxury yacht is still promising.
The global sales of luxury yacht were 375 in 2015, down from 412 in 2014. And the older book in 2015 was 734 units, stayed almost the same as the year of 2014. The current average sizing trend is in the 100-150 ft category, which is the major market for the average owner. Current trend shows a diminishing preference to 100-149 ft yachts (now 35.15% of GOB), growth in 79-99 ft (38.42%), and a static condition in the 150 ft+ market.
Due to the high technology level and market requirements in the developed countries, the market is currently dominated by a handful of companies that own the core technologies, including Azimut/Benetti, Ferretti Group, Sanlorenzo and so on.
The Luxury Yacht Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Luxury Yacht industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Luxury Yacht by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Luxury Yacht market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Luxury Yacht market for 2015-2027.
Key Companies
Azimut/Benetti
Ferretti Group
Sanlorenzo
Sunseeker
Feadship
Lürssen
Princess Yachts
Amels / Damen
Heesen Yachts
Horizon
Westport
Oceanco
Trinity Yachts
Fipa Group
Overmarine
Perini Navi
Palmer Johnson
Cerri - Baglietto
Christensen
Luxury Yacht Market by Type
Motor Luxury Yachts
Sailing Luxury Yachts
Luxury Yacht Market by Application
Private Use
Commercial Use
Special Use
Luxury Yacht Market by Region
United States
Europe
China
Japan
Other Regions
Luxury Yacht Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify Luxury Yacht according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Luxury Yacht market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Luxury Yacht market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Luxury Yacht market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Luxury Yacht market for the forecast period 2021 - 2027?
• What are the driving forces in the Luxury Yacht market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Luxury Yacht industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
For any other requirements, please feel free to contact us and we will provide you customized report.