Yacht market is anticipated to grow at a CAGR of 29.4% during the forecast period (2024-2031). The global yacht market is on a up swinging, fueled by the growing interest of ultra-high-net-worth individuals in luxury cruising and yacht tourism.
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The concept of experiential luxury is another pivotal driver in the market. The high-net-worth individuals are increasingly seeking unique and personalized experiences that reflect their tastes and values. This goes beyond mere ownership and extends to how the yacht can provide a one-of-a-kind, luxurious experience. Yacht manufacturers and designers are collaborating closely with clients to understand their specific needs and desires, allowing them to craft yachts that are more than mere vessels but extensions of their owners’ personalities and lifestyles. This focus on experiential luxury is meeting and exceeding customer expectations, reinforcing the allure of owning a global yacht.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Yacht Market Report Segment
By Type
- Sports
- Cruiser
- Flybridge
- Motor
- Super
- Long Range
By Size
- Upto 50 Meters
- 50 to 100 Meters
- Above 100 Meters
By Application
- Personal Use
- Commercial Use
Global Yacht Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global yacht market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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