Luxury Yacht Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR40515

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The luxury yacht market has the potential to grow by 310 units during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 11.26%.

This luxury yacht market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by type (motor yachts and sail yachts) and geography (APAC, Europe, MEA, North America, and South America). The luxury yacht market report also offers information on several market vendors, including Alexander Marine Co. Ltd., Azimut Benetti Spa, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Ferretti Spa, Fincantieri Spa, OVERMARINE GROUP Spa, Palumbo group Spa, and San Lorenzo Spa among others.

What will the Luxury Yacht Market Size be in 2020?

Luxury-Yacht-Market-Market-Size-2019-2024

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Luxury Yacht Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in recreational tourism is notably driving the luxury yacht market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the luxury yacht market get your FREE report sample now.

This luxury yacht market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Luxury Yacht Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alexander Marine Co. Ltd.
  • Azimut Benetti Spa
  • Christensen Shipyards LLC
  • Damen Shipyards Group
  • Feadship Holland BV
  • Ferretti Spa
  • Fincantieri Spa
  • OVERMARINE GROUP Spa
  • Palumbo group Spa
  • San Lorenzo Spa

 

The luxury yacht market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the luxury yacht market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Luxury Yacht Market?

Luxury-Yacht-Market-Market-Share-by-Region-2019-2024

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54% of the market’s growth will originate from Europe during the forecast period. The Netherlands, Italy, and Germany are the key markets for luxury yachts in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Luxury Yacht Market?

Luxury-Yacht-Market-Market-Share-by-Type-2019-2024

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The luxury yacht market share growth by the motor yachts segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the luxury yacht market size.

 

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What are the Key Factors Covered in this Luxury Yacht Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive luxury yacht market growth during the next five years
  • Precise estimation of the luxury yacht market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the luxury yacht market across APAC, Europe, MEA, North America, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of luxury yacht market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The luxury yacht market growth will increase by $310.00 units during 2019-2024.
The luxury yacht market is expected to grow at a CAGR of 11.26% during 2019-2024.
Technavio has segmented the luxury yacht market by type (Motor yachts and Sail yachts) and geographic (Europe, APAC, North America, and South America).
Alexander Marine Co. Ltd., Azimut Benetti Spa, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Ferretti Spa, Fincantieri Spa, OVERMARINE GROUP Spa, Palumbo group Spa, San Lorenzo Spa are a few of the key vendors in the luxury yacht market.
Europe will register the highest growth rate of 55.15% among the other regions. Therefore, the luxury yacht market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Italy
  • The Netherlands
  • Germany
  • Taiwan
The key factors driving the luxury yacht market growth are:
  • Increase in recreational tourism
  • Increase in seaborne trade
The luxury yacht market vendors should focus on grabbing business opportunities from the motor yachts segment as it accounted for the largest market share in the base year.
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