Market Dynamics
Factors such as an increase in recreational tourism, digital marketing and increasing social media use will be crucial in driving the growth of the market. But the high cost of operations will restrict the market growth.
Company Profiles
The luxury yacht market report includes information on the product launches, sustainability, and prospects of leading vendors including Alexander Marine International Co. Ltd., Azimut Benetti SpA, Brunswick Corp., Christensen Shipyards LLC, Damen Shipyards Group NV, Feadship Holland BV, FERRETTI SpA, Heesen Yachts Sales BV, Overmarine Group Spa, and Palumbo Group Spa.
Competitive Analysis
The competitive scenario provided in the luxury yacht market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Key Regions
34% of the market's growth will originate from Europe during the forecast period. The UK and Germany are the key markets for the luxury yacht market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
Market Segmentation
- By Type, the market is classified into Motor Yachts and Sail Yachts. The luxury yacht market share growth by the motor yacht segment will be significant
- By Geography, the market is classified as Europe, APAC, North America, South America, and MEA. Europe will have the largest share of the market.
Related Reports -
Boat Docks and Lifts Market -The boat docks and lifts market size has the potential to grow by USD 220.91 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.14%. Download a free sample report now!
Leisure Boat Market -The leisure boat market size has the potential to grow by USD 30.01 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 8.46%. Download a free sample report now!
Luxury Yacht Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.32% |
Market growth 2021-2025 |
327.00 units |
Market structure |
Fragmented |
YoY growth (%) |
11.06 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, UK, Germany, China, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alexander Marine International Co. Ltd., Azimut Benetti SpA, Brunswick Corp., Christensen Shipyards LLC, Damen Shipyards Group NV, Feadship Holland BV, FERRETTI SpA, Heesen Yachts Sales BV, Overmarine Group Spa, and Palumbo Group Spa |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Related Links
http://www.technavio.com
Share this article