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 introduction of stricter environmental regulations is having a profound impact on the market. As global awareness of environmental issues grows, there is increasing pressure on industries to reduce their carbon footprint and adhere to sustainable practices. In line with this, yacht manufacturers are compelled to innovate and develop eco-friendly yachts that align with both regulatory requirements and the values of environmentally conscious consumers. The integration of renewable energy sources such as solar panels, wind turbines, and hybrid propulsion systems is part of this initiative. The 109 metre Bravo Euganiais highly efficient despite her impressive size. The Oceanco built super yacht is powered by a hybrid propulsion engine that offers a quiet electric mode and which allows her to consume 30% less fuel than other motor yachts in her size class. She is also equipped with a waste heat recovery system and an integrated battery for optimal operation and performance. Manufacturers are also focusing on using sustainable materials and reducing waste during construction. These environmentally friendly practices are not only meeting legal obligations but also enhancing the appeal of global yachts among a new generation of affluent clients who prioritize sustainability. This combination of regulatory compliance and consumer demand drives substantial investment in research, development, and implementation of green technologies within the industry, setting a new standard for the entire sector.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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