Product Code: 5108
The yacht market is expected to witness significant growth by 2027 owing to rising disposable income of consumers worldwide. Additionally, mounting popularity of water-based sport activities like surfing, kayaking, and cruising, is likely to bolster market growth through the forecast timeline.
Prevalent demand for sustainable electric motorboats and yachts in order to reduce harmful emissions has prompted market players to focus on designing and building battery-operated yachts. This has positively influenced industry expansion in key regions across the globe.
Furthermore, major industry participants are implementing lucrative business strategies to strengthen their foothold in the market by launching products, establishing partnerships, and so on, thereby enhancing market dynamics. For instance, in May 2021, MarineMax, Inc., a leading yacht and recreational boat manufacturer, announced the acquisition of KCS International, Inc., also known as Cruisers Yachts, a Wisconsin-based manufacturer of premium yachts. The strategic expansion broadened MarineMax's product portfolio with the integration of Cruiser's premium yachts.
To cite another instance, in April 2021, Concordia Damen, the Netherlands-based shipbuilding company, introduced its river cruise ship dubbed E-MOTION vessel, which is equipped with an electric engine powered by battery for zero-emission operations. The cruise ship measures 17.7 feet across and contains 140 cabins, children's play area, sauna, restaurant, and swimming pool, among other facilities.
Similarly, in July 2020, Azimut Yachts, a leading yachts designer and manufacturer, launched Magellano 30 METRI, a motor yacht with a dual mode hull lynchpin that operates efficiently both at higher speeds and displacement mode.
The yacht market has been segmented on the basis of length, propulsion, type, and region. Based on type, the market has further been divided into sports yacht, flybridge yacht, and cruiser yacht. The sports yacht sub-segment is anticipated to witness substantial growth over the study time span owing to rising interest in water sport activities, including wakeboarding and fishing.
In terms of length, the market has been categorized into below 24 meters, 24-45 meters, and above 45 meters. The above 45 meters sub-segment is slated to expand at a robust pace over 2021-2027. Surging preference for luxurious cruising is likely to drive segmental expansion in the coming years.
With respect to propulsion, the market has been classified into motor and sail. The yacht market from the motor sub-segment is projected to garner a considerable valuation by 2027, expanding at a CAGR of approximately 4% over the forecast timeline. Enhanced speed and navigation capabilities of motor yachts is set to boost product adoption in the forthcoming years.
On the regional spectrum, the Middle East & Africa yacht market is speculated to expand at more than 2.5% CAGR through the projected period to attain a notable share in the overall industry revenue by the end of 2027. Increasing tourism activities in UAE is speculated to propel regional market growth over the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Definitions & forecast parameters
- 1.1.1 Definitions
- 1.1.2 Methodology and forecast parameters
- 1.1.3 Region-wise COVID-19 impact
- 1.1.3.1 North America
- 1.1.3.2 Europe
- 1.1.3.3 Asia Pacific
- 1.1.3.4 Latin America
- 1.1.3.5 MEA
- 1.2 Data Sources
- 1.2.1 Secondary
- 1.2.2 Primary
Chapter 2 Executive Summary
- 2.1 Yacht industry 360 degree synopsis, 2017 - 2027
- 2.1.1 Business trends
- 2.1.2 Type trends
- 2.1.3 Length trends
- 2.1.4 Propulsion trends
- 2.1.5 Regional trends
Chapter 3 Industry Insights
- 3.1 Industry segmentation
- 3.2 Impact of COVID-19 on yacht industry landscape
- 3.2.1 Global outlook
- 3.2.2 Regional impact
- 3.2.2.1 North America
- 3.2.2.2 Europe
- 3.2.2.3 Asia Pacific
- 3.2.2.4 Latin America
- 3.2.2.5 MEA
- 3.2.3 Industry value chain
- 3.2.3.1 Research & development
- 3.2.3.2 Manufacturing
- 3.2.3.3 Marketing
- 3.2.3.4 Supply
- 3.2.4 Competitive landscape
- 3.2.4.1 Strategy
- 3.2.4.2 Distribution network
- 3.2.4.3 Business growth
- 3.3 Industry ecosystem analysis
- 3.3.1 Component suppliers
- 3.3.2 Technology providers
- 3.3.3 Manufacturers
- 3.3.4 End use landscape
- 3.3.5 Profit margin analysis
- 3.3.6 Distribution channel analysis
- 3.3.7 Vendor matrix
- 3.4 Investment landscape
- 3.5 Technology & innovation landscape
- 3.6 Analysis of custom-built superyacht industry
- 3.7 Regulatory landscape
- 3.7.1 North America
- 3.7.2 Europe
- 3.7.3 Asia Pacific
- 3.7.4 Latin America
- 3.7.5 MEA
- 3.8 Industry impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing number of high-net-worth individuals across the globe
- 3.8.1.2 High focus of manufacturers of building technologically integrated yachts
- 3.8.1.3 Growing demand for luxury tourism and sailing in North America and Europe
- 3.8.1.4 Positive outlook of yacht manufacturing industry in China and Australia
- 3.8.1.5 Emergence of yacht charter companies in Latin America
- 3.8.1.6 Flourishing tourism industry and increasing yacht ownership in MEA
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High investments and upkeep costs associated with yachts
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Internal rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share analysis, 2020
- 4.3 Competitive analysis of top yacht market players
- 4.3.1 Groupe Beneteau
- 4.3.2 Lürssen Yachts
- 4.3.3 Sanlorenzo S.p.A
- 4.3.4 Ferretti S.p.A.
- 4.3.5 Azimut Benetti
- 4.3.6 Damen Yachting
- 4.3.7 Princess Yachts
- 4.4 Competitive analysis of other prominent yacht market players
- 4.4.1 Royal Huisman Shipyard B.V.
- 4.4.2 Heesen Yachts
- 4.4.3 Sunseeker International Ltd.
- 4.4.4 Hanse Group
- 4.4.5 Viking Yacht Company
- 4.5 Vendor adoption matrix
Chapter 5 Yacht Market, By Type
- 5.1 Key trends, by type
- 5.2 Flybridge yacht
- 5.2.1 Market estimates and forecast, 2017 - 2027
- 5.3 Sport yacht
- 5.3.1 Market estimates and forecast, 2017 - 2027
- 5.4 Cruiser yacht
- 5.4.1 Market estimates and forecast, 2017 - 2027
Chapter 6 Yacht Market, By Length
- 6.1 Key trends, by length
- 6.2 Below 24 meters
- 6.2.1 Market estimates and forecast, 2017 - 2027
- 6.3 24 - 45 meters
- 6.3.1 Market estimates and forecast, 2017 - 2027
- 6.4 Above 24 meters
- 6.4.1 Market estimates and forecast, 2017 - 2027
Chapter 7 Yacht Market, By Propulsion
- 7.1 Key trends, by propulsion
- 7.2 Motor
- 7.2.1 Market estimates and forecast, 2017 - 2027
- 7.3 Sail
- 7.3.1 Market estimates and forecast, 2017 - 2027
Chapter 8 Yacht Market, By Region
- 8.1 Key trends, by region
- 8.2 North America
- 8.2.1 Market estimates and forecast, by type, 2017 - 2027
- 8.2.2 Market estimates and forecast, by length, 2017 - 2027
- 8.2.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.2.4 U.S.
- 8.2.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.2.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.2.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.2.5 Canada
- 8.2.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.2.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.2.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3 Europe
- 8.3.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.4 UK
- 8.3.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.5 Germany
- 8.3.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.6 France
- 8.3.6.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.6.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.6.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.7 Italy
- 8.3.7.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.7.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.7.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.8 Spain
- 8.3.8.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.8.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.8.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.3.9 The Netherlands
- 8.3.9.1 Market estimates and forecast, by type, 2017 - 2027
- 8.3.9.2 Market estimates and forecast, by length, 2017 - 2027
- 8.3.9.3 Market estimates and forecast, by propulsion, 2017 - 202
- 8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.4.4 China
- 8.4.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.4.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.4.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.4.5 India
- 8.4.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.4.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.4.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.4.6 Japan
- 8.4.6.1 Market estimates and forecast, by type, 2017 - 2027
- 8.4.6.2 Market estimates and forecast, by length, 2017 - 2027
- 8.4.6.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.4.7 Australia
- 8.4.7.1 Market estimates and forecast, by type, 2017 - 2027
- 8.4.7.2 Market estimates and forecast, by length, 2017 - 2027
- 8.4.7.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.5 Latin America
- 8.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.5.4 Brazil
- 8.5.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.5.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.5.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.5.5 Mexico
- 8.5.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.5.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.5.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.5.6 Argentina
- 8.5.6.1 Market estimates and forecast, by type, 2017 - 2027
- 8.5.6.2 Market estimates and forecast, by length, 2017 - 2027
- 8.5.6.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.6 MEA
- 8.6.1 Market estimates and forecast, by type, 2017 - 2027
- 8.6.2 Market estimates and forecast, by length, 2017 - 2027
- 8.6.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.6.4 UAE
- 8.6.4.1 Market estimates and forecast, by type, 2017 - 2027
- 8.6.4.2 Market estimates and forecast, by length, 2017 - 2027
- 8.6.4.3 Market estimates and forecast, by propulsion, 2017 - 2027
- 8.6.5 South Africa
- 8.6.5.1 Market estimates and forecast, by type, 2017 - 2027
- 8.6.5.2 Market estimates and forecast, by length, 2017 - 2027
- 8.6.5.3 Market estimates and forecast, by propulsion, 2017 - 2027
Chapter 9 Company Profiles
- 9.1 Azimut Benetti
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
- 9.2 Baglietto S.p.A
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
- 9.3 Bavaria Yachts
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
- 9.4 Ferretti S.p.A.
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
- 9.5 Groupe Beneteau
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
- 9.6 Hanse Group
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
- 9.7 Heesen Yachts
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
- 9.8 King Marine Yachts
- 9.9 Overmarine Group SPA
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
- 9.10 Princess Yachts
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
- 9.11 Riveria Australia Pty. Ltd.
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
- 9.12 Royal Huisman Shipyard B.V.
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
- 9.13 Sanlorenzo S.p.A
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 Strategic Outlook
- 9.13.5 SWOT Analysis
- 9.14 Sunseeker International Ltd.
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 Strategic Outlook
- 9.14.5 SWOT Analysis
- 9.15 The Italian Sea Group
- 9.15.1 Business Overview
- 9.15.2 Financial Data
- 9.15.3 Product Landscape
- 9.15.4 Strategic Outlook
- 9.15.5 SWOT Analysis
- 9.16 Viking Yacht Company
- 9.16.1 Business Overview
- 9.16.2 Financial Data
- 9.16.3 Product Landscape
- 9.16.4 Strategic Outlook
- 9.16.5 SWOT Analysis