NEW YORK, Sept. 28, 2022 /PRNewswire/ -- The luxury yacht market size is expected to grow by 327.00 units from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 11.32% during the forecast period, according to Technavio. The luxury yacht market is fragmented. and the vendors are using organic and inorganic strategies to compete in the market.
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The luxury yacht market report covers the following areas:
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 are among some of the major market participants. The key offerings of a few of these vendors are listed below:
- Alexander Marine Co. Ltd. - The company offers luxury yachts through the MEGAYACHTS and MOTORYACHTS product segments.
- Azimut Benetti Spa - The company offers luxury yachts through the Azimut Yachts brand.
- Christensen Shipyards LLC - The company offers luxury yachts under the Hull series.
- Damen Shipyards Group - The company offers superyachts by Dutch luxury yacht builder AMELS.
- Feadship Holland BV - The company has a wide range of yachts such as Lonian, Project 1007, Sherpa, and Valoria.
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The increase in recreational tourism is driving market growth. Tourism is a significant contributor to the employment, economic growth, and social development of various countries. Commercial yacht operators or fleet operators are a significant part of the tourism business. Countries such as Greece, Spain, France, and Italy are also popular destinations for leasing luxury yachts. The global tourism industry is witnessing significant growth in Southeast Asia owing to the rise in the number of tourists from developing countries such as China and India. Thus, increasing tourism and recreational activities are expected to drive the global luxury yacht market during the forecast period.
The high cost of operations is challenging the luxury yacht market growth. Motor luxury yachts have facilities such as ACs, TVs, navigation aids, radar, echo-sounding, and autopilot. A reliable power-generating system is needed to power these systems. These yachts use gasoline or diesel-powered internal combustion engine ICEs and have high fuel requirements. Therefore, the high operational costs challenge the global luxury yacht market.
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- Type
- Motor Yachts
- Sail Yachts
- Geography
- Europe
- APAC
- North America
- South America
- MEA
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist luxury yacht market growth during the next five years
- Estimation of the luxury yacht market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the luxury yacht market
- 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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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 (%) |
7.84 |
Regional analysis |
Europe, APAC, North America, and South America |
Performing market contribution |
Europe at 36% |
Key consumer countries |
US, Italy, The Netherlands, Germany, and Taiwan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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 |
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. |
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1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 (units)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Motor yachts - Market size and forecast 2020-2025
- Exhibit 17: Motor yachts - Market size and forecast 2020-2025 (units)
- Exhibit 18: Motor yachts - Year-over-year growth 2020-2025 (%)
- 5.4 Sail yachts - Market size and forecast 2020-2025
- Exhibit 19: Sail yachts - Market size and forecast 2020-2025 (units)
- Exhibit 20: Sail yachts - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Type
- Exhibit 21: Market opportunity by Type
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 Europe - Market size and forecast 2020-2025
- Exhibit 25: Europe - Market size and forecast 2020-2025 (units)
- Exhibit 26: Europe - Year-over-year growth 2020-2025 (%)
- 7.4 APAC - Market size and forecast 2020-2025
- Exhibit 27: APAC - Market size and forecast 2020-2025 (units)
- Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 (units)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 31: South America - Market size and forecast 2020-2025 (units)
- Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 (units)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography (units)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Competitive Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Alexander Marine International Co. Ltd.
- Exhibit 43: Alexander Marine International Co. Ltd. - Overview
- Exhibit 44: Alexander Marine International Co. Ltd. - Product and service
- Exhibit 45: Alexander Marine International Co. Ltd. - Key offerings
- 10.4 Azimut Benetti SpA
- Exhibit 46: Azimut Benetti SpA - Overview
- Exhibit 47: Azimut Benetti SpA - Product and service
- Exhibit 48: Azimut Benetti SpA - Key offerings
- 10.5 Brunswick Corp.
- Exhibit 49: Brunswick Corp. - Overview
- Exhibit 50: Brunswick Corp. - Business segments
- Exhibit 51:Brunswick Corp. - Key news
- Exhibit 52: Brunswick Corp. - Key offerings
- Exhibit 53: Brunswick Corp. - Segment focus
- 10.6 Christensen Shipyards LLC
- Exhibit 54: Christensen Shipyards LLC - Overview
- Exhibit 55: Christensen Shipyards LLC - Product and service
- Exhibit 56: Christensen Shipyards LLC - Key offerings
- 10.7 Damen Shipyards Group NV
- 10.8 Feadship Holland BV
- Exhibit 61: Feadship Holland BV - Overview
- Exhibit 62: Feadship Holland BV - Product and service
- Exhibit 63: Feadship Holland BV - Key offerings
- 10.9 FERRETTI SpA
- Exhibit 64: FERRETTI SpA - Overview
- Exhibit 65: FERRETTI SpA - Product and service
- Exhibit 66:FERRETTI SpA - Key news
- Exhibit 67: FERRETTI SpA - Key offerings
- 10.10 Heesen Yachts Sales BV
- Exhibit 68: Heesen Yachts Sales BV - Overview
- Exhibit 69: Heesen Yachts Sales BV - Product and service
- Exhibit 70:Heesen Yachts Sales BV - Key news
- Exhibit 71: Heesen Yachts Sales BV - Key offerings
- 10.11 Overmarine Group Spa
- Exhibit 72: Overmarine Group Spa - Overview
- Exhibit 73: Overmarine Group Spa - Product and service
- Exhibit 74: Overmarine Group Spa - Key offerings
- 10.12 Palumbo Group Spa
- Exhibit 75: Palumbo Group Spa - Overview
- Exhibit 76: Palumbo Group Spa - Product and service
- Exhibit 77: Palumbo Group Spa - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 78: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 79: Research Methodology
- Exhibit 80: Validation techniques employed for market sizing
- Exhibit 81: Information sources
- 11.4 List of abbreviations
- Exhibit 82: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.org/news/luxury-yachtmarket
SOURCE Technavio
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