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Yacht market share, size, trends, industry analysis report, 2021 - 2028.

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• PDF Format Report

Industry Dynamics

• Market Size and Share Analysis
• Industry Trends and Growth Outlook
• Major Market Players Detailed Analysis
• Key Driving Factors and Analysis by Segments
• Regional Analysis (Can be Customized based on Region and Country)
• Future Commercial Growth Analysis

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Yacht Market Share, Size, Trends, Industry Analysis Report, By Type (Super, Flybridge, Sport, Long Range, Others); By Length; By Propulsion (Motor, Sailing), By Region; Segment Forecast, 2021 - 2028

• Published Date:Oct-2021
• Format: PDF
• Report ID: PM2020
• Base Year: 2020
• Historical Data: 2016 - 2019
• Description

Table of Contents

• Analysis Type
• Research Methodology

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Report outlook.

The global yacht market was valued at USD 8.12 billion in 2020 and is expected to grow at a CAGR of 5.1% during the forecast period. The increasing inclination towards recreational or leisure activities on account of growing disposable income, coupled with the increasing preference for personalized services, luxury tourism, and exclusive traveling, are the few prominent factors expected to accelerate the market growth during the forecast period.

As per the survey of the World Tourism Organization UNWTO, in 2018, nearly 75% of the inclusive international travel departures leave from North America, South America, Europe, and comprised these regions accounted USD 263 billion in adventure travel expenditures. As a result, the adoption has shown the growth due to growing consumer interest in adventurous activities thereby, aiding the market growth over the forecast period.

A yacht is a power vessel or sailing utilized for preference, cruising, or racing. However, there is no typical definition, so the term refers to vessels with a cabin with facilities that provide accommodations for overnight use. In addition, factors such as the development of new, lighter, and more fuel-efficient yachts are further contributing to the considerable market demand for end-use.

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Growth Drivers The yacht market has perceived substantial developments since the last few decades supported by the constant advancements in technological yachts, allowing improved flexibilities to contract engines operate at an adjustable speed and considerably reduce noise, emission, and vibration.

Moreover, the development of luxurious amenities and high-tech interiors are delivered by the OEM manufacturers, which is further, predicted to drive the demand in the entire world. OEM vendors have often been witnessed to be continually investing in the research and development activities to provide an exceptional experience, thereby driving the growth outlook for the global yacht market over the foreseen period.

In addition, the rapid rise in tourism across developed and developing economies is further projected to reinforce the demand in the industry. North America is the major contributing factor that shows drastic growth in the tourism market. U.S. is the world's largest travel & tourism economy dominates with around 83% of the direct GDP impact on the region, followed by Mexico (12.6%) and Canada (4.5%). As a result, the adoption of yachts is growing, thereby creating positive growth for the global yacht market.

Report Segmentation

The market is primarily segmented on the basis of type, length, propulsion, and region.

Insight by Type

Based on the type segment, the superyacht is the leading revenue contributor in the global market in 2020 and is likely to keep its dominance in the forthcoming period. The segment is anticipated to observe a healthy growth during 2021-2028, owing to the increasing popularity of superyachts among the wide consumer base, along with the surging affinity for outdoor leisure activities. The sports yacht segment is projected to evolve as the highest CAGR in terms of market share during 2021-2028. This can be accredited to the vigorous participation of adults in sporting events and recreational boating activities.

Further, recreational tournaments are providing employment opportunities. They are emerging as an integral source of revenue generation for clothing outlets, yacht caterers, and boat builders, among others, which are anticipated to reinforce the market growth during the forthcoming period.

Insight by Propulsion

Motor yacht segment is expected to witness large revenue in the foreseen period. A considerable demand has been witnessed for the same on account of its benefits, such as large distance coverage, high speed, and power, among others. Besides, several individuals have extensively preferred it for the advanced equipment and systems deployed in the motor yachts, which have positively impacted the segment’s growth fortune.

The sailing yachts segment is projected to record the second-highest CAGR in the global market, backed by several factors, including increasing focus on leisure activities and the growing technological developments in these ships that make them more attractive options among the buyers.

Geographic Overview

Geographically, Europe is expected to dominate the global market in 2020. The demand in the European countries is mainly driven by the growing number of high net-worth individuals and the increasing popularity of fishing activities and water sports. For instance, in 2018, German residents took almost 142 million trips, which is the largest number of leisure and vacation trips performed in Europe.

However, in the approaching years, passenger traffic in marine tourism is growing dramatically due to the attractiveness of the region and current supportive policies. This is further anticipated to raise the investments in recreational activities, which, in turn, is expected to aid the adoption of the yacht in the region. In North America, the favorable growth in the number of yacht passengers is one of the major factors amplifying the demand for the regional market. Furthermore, the exponential rise in the travel & tourism markets due to rising disposable income, along with the increasing number of international tourist visits, is further augmenting the market growth in the region.

According to the World Bank Group, in 2010, nearly 99.5 million international tourists visited North America, which increased to 137.1 million in 2017. The increased number of international passenger visits is an important driver bolstering the region’s growth. Moreover, Asia Pacific is expected to witness a high CAGR in the global market in 2020. The demand in the region is anticipated to increase over the forecast period favorable government policies such as Swadesh Darshan Scheme and the flagship Incredible India, coupled with a rise in investment by the high-net-worth individuals seeking rich life experience.

By 2030, China including, other Asian countries such as India, Indonesia, and Malaysia expected to have a large proportion of middle-income societies, followed by younger millennials having high disposable income. Thus, many consumers and tourist agencies have now recognized the consumption of yachts for recreational activities, so the market is gaining significant prominence in the Asian economy.

Competitive Landscape

Some of the Major Players operating the global market include Azimut Benetti Group, Baglietto s.p.a, Bavaria Yachtbau GmbH, Damen Shipyards Group, Ferretti S.p.A., Heesen Yachts, Princess Yachts Limited, Sunseeker International, Sanlorenzo Yachts, and Viking Yacht Company.

Yacht Market Report Scope

• Objectives of the Study
• Market Scope
• Assumptions
• Stakeholders
• Market Highlights
• Data Mining
• Primary Sources
• Secondary Sources
• Yacht – Industry Snapshot
• Increasing high net worth of individuals
• Growing interest towards luxury tourism
• High operational costs
• Bargaining Power of Suppliers (Moderate)
• Threats of New Entrants: (Low)
• Bargaining Power of Buyers (Moderate)
• Threat of Substitute (Moderate)
• Rivalry among existing firms (High)
• PESTLE Analysis
• Yacht Market Industry trends
• COVID-19 Impact Analysis
• Key Findings
• Global Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Super, By Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Flybridge, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Sport, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Long Range, by Region, 2016 - 2028 (USD Billion)
• Global Other Yacht Market, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Up to 20 meters, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by 20 - 50 meters, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Above 50 meters, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Motor, by Region, 2016 - 2028 (USD Billion)
• Global Yacht Market, by Sailing, by Region, 2016 - 2028 (USD Billion)
• Key findings
• Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion)
• North America: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• North America: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• North America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• U.S.: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• U.S.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• U.S.: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Canada: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Canada.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Canada: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Europe: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Europe.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Europe: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• UK: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• UK.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• UK: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• France: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• France.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• France: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Germany: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Germany.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Germany: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Italy: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Italy.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Italy: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Spain: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Spain.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Spain: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Netherlands: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Netherlands.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Netherlands: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Austria: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Austria.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Austria: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Asia Pacific: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Asia Pacific.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Asia Pacific: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• China: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• China.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• China: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• India: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• India.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• India: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Malaysia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Malaysia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Malaysia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Japan: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Japan.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Japan: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Indonesia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Indonesia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Indonesia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• South Korea: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• South Korea.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• South Korea: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Middle East & Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Middle East & Africa.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Middle East & Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Saudi Arabia: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Saudi Arabia.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Saudi Arabia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• UAE: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• UAE.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• UAE: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Israel: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Israel.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Israel: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• South Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• South Africa.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• South Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Latin America: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Latin America.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Latin America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Mexico: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Mexico.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Mexico: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Brazil: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Brazil.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Brazil: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Argentina: Yacht Market, by Length, 2016 - 2028 (USD Billion)
• Argentina.: Yacht Market, by Type, 2016 - 2028 (USD Billion)
• Argentina: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)
• Acquisitions
• Partnerships/Collaborations/Agreements/Exhibitions
• Company Overview
• Financial Performance
• Product Benchmarking
• Recent Development

List of Tables

Table 1 Global Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 2 Global Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 3 Global Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 4 Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion) Table 5 North America: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 6 North America: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 7 North America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 8 U.S.: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 9 U.S.: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 10 U.S.: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 11 Canada: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 12 Canada: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 13 Canada: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 14 Europe: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 15 Europe: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 16 Europe: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 17 UK: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 18 UK: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 19 UK: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 20 France: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 21 France: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 22 France: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 23 Germany: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 24 Germany: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 25 Germany: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 26 Italy: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 27 Italy: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 28 Italy: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 29 Spain: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 30 Spain: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 31 Spain: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 32 Netherlands: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 33 Netherlands: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 34 Netherlands: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 35 Austria: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 36 Austria: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 37 Austria: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 38 Asia Pacific: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 39 Asia Pacific: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 40 Asia Pacific: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 41 China: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 42 China: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 43 China: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 44 India: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 45 India: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 46 India: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 47 Malaysia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 48 Malaysia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 49 Malaysia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 50 Japan: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 51 Japan: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 52 Japan: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 53 Indonesia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 54 Indonesia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 55 Indonesia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 56 South Korea: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 57 South Korea: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 58 South Korea: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 59 Middle East & Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 60 Middle East & Africa: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 61 Middle East & Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 62 Saudi Arabia: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 63 Saudi Arabia: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 64 Saudi Arabia: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 65 UAE: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 66 UAE: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 67 UAE: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 68 Israel: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 69 Israel: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 70 Israel: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 71 South Africa: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 72 South Africa: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 73 South Africa: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 74 Latin America: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 75 Latin America: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 76 Latin America: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 77 Mexico: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 78 Mexico: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 79 Mexico: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 80 Brazil: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 81 Brazil: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 82 Brazil: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion) Table 83 Argentina: Yacht Market, by Length, 2016 - 2028 (USD Billion) Table 84 Argentina: Yacht Market, by Type, 2016 - 2028 (USD Billion) Table 85 Argentina: Yacht Market, by Propulsion, 2016 - 2028 (USD Billion)

List of Figures

Figure 1. Global Yacht Market, by Length, 2016 - 2028 (USD Billion) Figure 2. Integrated Ecosystem Figure 3. Research Methodology: Top-Down & Bottom-Up Approach Figure 4. Market by Geography Figure 5. Porter’s Five Forces Figure 6. Market by Length Figure 7. Global Yacht Market, by Length, 2016 & 2028 (USD Billion) Figure 8. Market by Type Figure 9. Global Yacht Market, by Type, 2016 & 2028 (USD Billion) Figure 10. Market by Propulsion Figure 11. Global Yacht Market, by Propulsion, 2016 & 2028 (USD Billion) Figure 12. Yacht Market Assessment, By Geography, 2016 - 2028 (USD Billion) Figure 13. Strategic Analysis – Yacht Market

Report Scope

Yacht Market, Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht

Yacht Market, Length Outlook (Revenue, USD Billion, 2016 - 2028)

• Up to 20 meters
• 20 - 50 meters
• Above 50 meters

Yacht Market, Propulsion Outlook (Revenue, USD Billion, 2016 - 2028)

• Motor Yacht
• Sailing Yacht

Yacht Market, Regional Outlook (Revenue, USD Billion, 2016 - 2028)

Qualitative Analysis

• Industry trends
• Market drivers and restraints
• Market size
• Growth prospects
• Porter’s analysis
• PESTEL Analysis
• Value Chain Analysis
• Key market opportunities prioritized
• Product benchmarking
• Latest strategic developments
• Price Trend Analysis

Quantitative Analysis

• Market size, estimates, and forecasts from 2016 - 2028
• Market size and revenue estimates for type up to 2028
• Market revenue estimates for length up to 2028
• Market revenue estimates for propulsion up to 2028
• Regional market size and forecast up to 2028
• Company financials

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Yacht Market Size, Share, Growth & Industry Trends [2031]

Segments - Yacht Market by Type (Sport, Superyacht, Cruisers, Flybridge, Dufour, and Others), Propulsion (Sailing Yachts and Motor Yachts), Yacht Length (Up to 20 Meters, 20 to 50 Meters, and More Than 50 Meters), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Report Description

Yacht market outlook 2031.

The Global Yacht Market size was USD 9.35 Billion in 2022 and is likely to reach USD 13.98 Billion by 2031 , expanding at a CAGR of 5.8% during 2023–2031 . The market growth is attributed to the large number of High-Net-Worth Individuals (HNWI) and the high demand for eco-friendly yachts. Increasing demand for environmentally sustainable yachts is expected to fuel the yacht market. Modern yachts are being built lighter and with more fuel-efficient designs than their traditional counterparts, which minimizes environmental impact for even diesel-powered engines.  

Yacht buyers are increasingly seeking environmentally friendly alternatives to traditional powered engines. For instance, Herley Boats introduced the Herley Powercat 3400 , a luxurious high-performance hybrid vessel that is designed for the ultimate cruising experience. This vessel combines innovation and luxury to build the perfect platform for cruising, fishing trips, and family outings. The market report finds that the COVID-19 pandemic hindered the yachts market, due to the strict lockdown imposed by the government. During the pandemic, manufacturing delays, travel restrictions, and disruption in the supply chain impacted production which hampers the market. Yacht shows, events, and other programs are canceled due to the shutdown.

Impact of Artificial Intelligence in the Yacht Market

Artificial intelligence (AI) technologies are anticipated to boost the yacht market during the forecast period. AI technologies are used in the yachting industry to improve safety, efficiency, and navigation. It is used to improve the sailing experience by providing real-time information on weather conditions and optimizing routes. AI predicts the best destination to position a yacht for charter success by investigating data points and then calculating the best place to anchor and the fuel usage to get there.

In April 2023, Rossinavi No Stress a first hybrid yacht equipped with artificial intelligence. No Stress is an all-aluminum sporty yacht with a fast-displacing hull. The ship has a double power system; two MTU 16V 2000 M96L diesel engines and two electric motors motorized by both the battery pack and generators. The system is managed by AI which monitors its consumption.

Yacht Market Dynamics

Major drivers.

Increasing demand for personalized yachts is expected to drive the yacht market during the forecast period. Manufacturers are offering extensive customization options that allow customers to design vessels that align with their specific desires. Modern consumers expect the ability to customize anything and everything to fit their individual preferences.

In July 2023, Columbus Yachts launched M/Y Anjelif, the new 50-meter full custom-built yacht constructed entirely in aluminum. A model tailored to the needs of its experienced owner and packed with technological and stylistic advances such as hybrid and diesel-electric propulsion.

Existing Restraints

High maintenance costs of yachts are expected to hamper the yacht market in the coming years. Yachts require lots of maintenance and continuous cleaning, as they are moving platforms in harsh environments. If there are more equipment in the boat such as a water maker, electronics, generator, and others, where more maintenance is needed, thus, in turn, is likely to hamper the market.

Emerging Opportunities

Increasing advancements in developing new technologies is expected to create lucrative opportunities for the market players. Several companies are focusing on developing innovations such as hydrogen power and electrical power with a strong engine with lighter body weight and high horsepower.

In October 2023, BLUE INNOVATIONS GROUP INC launched its flagship creation, the R30 electric boat. The R30 is a 30-foot marvel, that boasts a 221-kWh battery pack with an 800HP dual motor powertrain and integrated UI. The boat can accommodate up to 12 people for 8 hours.

Scope of Yacht Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Yacht Market Segment Insights

Type segment analysis.

Based on type, the yacht market is divided into sport, superyacht, cruisers, flybridge, dufour, and others. The superyacht segment is expected to expand at a significant pace during the projection period, due to the increasing popularity of these yachts. Superyachts are large and luxurious pleasure vessels and ranging from 40 meters to more than 180 meters. They are designed to emphasize speed, comfort, and expedition capacity. There are five different areas in a superyacht group such as captain, chef, interior staff, deck crew, and engineers. All superyachts have below-deck crew areas, which usually consist of a crew mess, laundry rooms, and crew cabins.

In August 2023, ABEKING & RASMUSSEN launched a masterpiece called the majestic superyacht LIVA, measuring a remarkable 118.20 meters in length. This iconic yacht has a sleek black hull that stands out on the water as an icon of elegance and sophistication.

The sport segment is anticipated to hold a key share of the market in the coming years , owing to the increasing demand for sports yachts in emerging countries such as France and China. Sports yachts are used for sports tournaments, marine tourism, and other activities. High demand for recreational tournaments and increasing affinity for outdoor recreational activities is expected to boost the sport yacht in the market. Sport yacht has a stylish and sleek-looking flybridge and an open deck for a better experience and it reaches speeds from 30 knots to 50 knots. They are also deployed for racing purposes.

Propulsion Segment Analysis

In terms of propulsion, the global market is segregated into sailing yachts and motor yachts. The motor yachts segment is projected to register a considerable CAGR during the forecast period, due to the high speed and power and others. Yachts are highly preferred for their advanced equipment and systems that are installed in the motor yachts. Several consumers are purchasing motor yachts owing to their speed, convenience, and ease of handling. The segment growth is further attributed to the increasing demand for motor yachts for personal and recreational activities in emerging countries. The sailing yachts segment is anticipated to account for a major market share in the coming years, owing to the increasing technological advancements and growing focus on leisure activities. Sailing yachts are eco-friendly, cheaper, thrilling, and safer and these yachts use wind power to move through the water. They are typically built with wood, fiberglass, and a combination of the two. Sailing vessels cover long distances, deck space, design, and onboard facilities that are offered by motor yachts which makes them a more attractive option to the customers, which increases the demand for the segment in the market.

Yacht Length Segment Analysis

On the basis of yacht length, the yacht market is segmented into up to 20 meters, 20 to 50 meters, and more than 50 meters. The 20 to 50 meters segment is expected to register a robust growth rate during the forecast period, owing to the low maintenance costs and light wind sailing capacity. Yachts ranging up to 20 meters are used for both competitive and recreational activities, which is expected to boost the segment in the market. Several yachts in 20 to 50 meters size brackets are semi-custom models and built on a standard platform. They are the most cost-efficient to run compared to larger yachts and the running costs per meter are proportionally lower.

Regional Analysis

In terms of region, the global yacht market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to dominate the market during the projection period, owing to the increasing yacht sales and rising popularity of water sports & fishing activities. The regional market growth is further attributed to the increasing investments in recreational activities and coastal areas such as sail training adventures, kayaking, fishing, and others, and the rising number of trade shows hosted by recreational activities and manufacturers. The market in North America is anticipated to expand at a rapid pace in the coming years , due to the increasing disposable incomes of individuals and rising economy. The regional market growth is further attributed to the increasing popularity of chartering yachts for vacations and innovative technologies and designs.

According to the US Bureau of Economic Analysis (BEA) , in 2021 the outdoor recreation economy accounted for 1.9% (USD 454.0 billion) of current-dollar GDP for the nation.

The global yacht market has been segmented on the basis of

• Sailing Yachts
• Motor Yachts

Yacht Length

• Up to 20 Meters
• 20 to 50 Meters
• More Than 50 Meters
• Asia Pacific
• North America
• Latin America
• Middle East & Africa

Key Players

• Viking Yacht Company
• Sunreef Yachts
• Sanlorenzo Spa
• ROYAL HUISMAN
• Heesen Yachts Sales B.V.
• HanseYachts AG
• Groupe Beneteau
• FERRETTI S.P.A
• Damen Shipyards Group

Competitive Landscape

Key players competing in the global yacht market are Viking Yacht Company; Sunreef Yachts; Feadship; Sanlorenzo Spa; Oceanco; ROYAL HUISMAN; Heesen Yachts Sales B.V.; HanseYachts AG; Groupe Beneteau; FERRETTI S.P.A; and Damen Shipyards Group. These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.

In March 2023, Sanlorenzo Spa acquired a stake in Sea Energy, a company active in the production of electronic and electrical systems for the yachting industry. The experience and expertise of Sea Energy enable Sanlorenzo to benefit from excellent and highly specialized that are aimed at developing projects in line with the sustainability of Sanlorenzo.

In May 2022, Oceanco collaborated with CapserLabs, Dgallery, and Megalodon to launch its upcoming superyacht NFTs collection on the Ethereum Blockchain and Casper Blockchain.

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Global yacht market outlook & forecast 2024-2029: a $40.4 billion market by 2029 - growth in demand for luxury tourism and high net worth individuals drives demand.

DUBLIN , March 8, 2024 /PRNewswire/ -- The  "Global Yacht Market - Outlook & Forecast 2024-2029" report has been added to  ResearchAndMarkets.com's offering.

The global yacht market was valued at USD 26 billion in 2023 and is forecast to grow to USD 40.4 billion in 2029, registering a CAGR of 7.62% from 2023-2029.

The yacht market is marked by intense competition among global and regional players, each vying for a share in the lucrative luxury boating industry. Prominent yacht manufacturers such as Azimut-Benetti, Ferretti Group, and Sunseeker International are key players known for producing high-quality and innovative vessels.

The competitive landscape is characterized by a continuous pursuit of technological advancements, eco-friendly solutions, and unique design elements to cater to the discerning tastes of high-net-worth individuals. Yacht brokerage firms, including Burgess and Fraser, contribute to the competitive ecosystem by facilitating yacht sales and charter services.

Additionally, emerging players in the yacht industry from the Asia-Pacific region are making notable strides, adding a new dimension to the market's competitive dynamics. As consumer preferences evolve and sustainability becomes a focal point, the yacht market remains dynamic, with companies strategically positioning themselves to stay ahead in this glamorous yet fiercely competitive industry.

Market Opportunities & Trends

Economic Growth and High Net Worth Individuals (HNWIs)

Growth in Demand for Luxury Tourism

Growth of Emerging Markets

Market Growth Enablers

Benefits of Yacht Ownership

Technological Advancements

Government Support

Market Restraints

High Cost of Yacht Ownership

Environmental Concerns

Economic Downturns

SEGMENTATION INSIGHTS INSIGHTS BY TYPE

The global yacht market is broadly segmented into sailing and motorized yachts, each catering to distinct preferences and purposes. The conventional sailing yachts, propelled primarily by wind energy, offer a timeless and elegant nautical experience, attracting enthusiasts who appreciate the thrill of sailing and the romanticism associated with wind-powered navigation. On the other hand, motorized yachts, equipped with engines for propulsion, provide a more dynamic and versatile on-water experience, appealing to those who seek speed, convenience, and the ability to cover greater distances. The motorized yachts segment holds a higher market share and is expected to grow with a higher CAGR during the forecast period. Several countries and regions worldwide stand out for their strong and sustained demand for motorized yachts. For instance, demand for motorized yachts in the Mediterranean is buoyed by local buyers and international tourists seeking the luxury and adventure of maritime exploration.

INSIGHTS BY MOTORIZED YACHT

The motorized yacht segment represents a dynamic and diverse sector within the yacht market, catering to enthusiasts who value speed, convenience, and advanced technology. This category includes subsegments such as superyachts, flybridge yachts, sport yachts, and long-range yachts. Superyachts, known for their luxury and size, hold the highest share and are often equipped with luxurious amenities. Moreover, a relentless pursuit of innovation and cutting-edge technology marks the super yacht segment. Advancements in materials, engineering, and onboard systems contribute to developing more efficient, eco-friendly, and luxurious super yachts.

INSIGHTS BY SIZE

The global yacht market by size is segmented into 20 to 50 meters, up to 20 meters, and above 50 meters. Yachts ranging from 20 to 50 meters in length currently hold a maximum market share of over 50%, appealing to a broad spectrum of buyers seeking a balance between spaciousness and manageability. In this segment, buyers often find versatility for both private and charter use. However, the up to 20-meter category is expected to exhibit the highest CAGR, driven by increasing accessibility and affordability. These smaller yachts offer entry-level options, making yacht ownership more attainable for a broader market. On the other end, yachts above 50 meters cater to ultra-high-net-worth individuals, providing expansive living spaces, cutting-edge amenities, and the epitome of luxury. The segmentation by size allows the market to address the diverse demands of buyers, from those seeking intimate cruising experiences to those desiring grand, superyacht opulence.

INSIGHTS BY HULL TYPE

The global yacht market encompasses diverse hull types, influencing the vessel's performance, stability, and functionality. Monohull yachts hold the maximum share of the market when compared to their counterparts. It features a single hull and is known for its stability and efficiency, making it suitable for various applications. Various manufacturers and builders populate the monohull yacht industry, each bringing their touch of craftsmanship and innovation. Renowned names such as Beneteau, Jeanneau, and Dufour have established themselves as leaders in this segment. Moreover, displacement hulls displace water rather than riding on top, offering a comfortable and steady ride, ideal for long-distance cruising. Furthermore, specialized hulls are designed for specific purposes, such as ice-breaking hulls for polar exploration or SWATH (Small Waterplane Area Twin Hull) for improved stability in rough seas. Each hull type caters to different preferences, applications, and navigational conditions, contributing to the diversity and innovation within the market.

GEOGRAPHICAL ANALYSIS

Europe holds the most prominent share of the global yacht market, accounting for over 35% in 2023. With its vast maritime history, Europe boasts a captivating market defined by its coastlines and inclination for extravagant living standards. The European market reflects the continent's diversity and variety, offering various yacht sizes to cater to different preferences. In this enchanting landscape, smaller yachts up to 20 meters and larger-sized yachts exceeding 50 meters hold prominent positions. The market thrives as a traditional yachting hub, with countries like Italy , France , and Germany leading in manufacturing and innovation.

Key Company Profiles

Azimuti Benetti Group

Princess Yachts

Other Prominent Vendors

Hargrave Custom Yachts

Abeking & Rasmussen

The Italian Sea Group

Alpha Yachts

Antonini Navi

Arcadia Yachts

Mondomarine

Uniesse Marine Group

Baltic Yachts

Bayliss Boatworks

Bering Yachts

Bertram Yachts

BILGIN YACHTS

Kingship Marine

Grand Banks Yachts

Westport Yachts

Heesen Yachts Sales

Segmentation by Type

Motorized Yacht

Sailing Yacht

Segmentation by Motorised Yacht

Super Yacht

Flybridge Yacht

Sport Yacht

Long Range Yacht

Segmentation by Hull Type

Displacement Hull

Planing Hull

Specialized Hull

Segmentation by Application

Segmentation by Size

20 to 50 meters

Up to 20 meters

Above 50 meters

Segmentation by Geography

Europe ( Italy , France , Germany , The U.K., Spain , Greece , Netherlands , Rest of Europe )

North America (The U.S., Canada )

APAC ( China , Thailand , Singapore , Australia , Japan , Indonesia , Malaysia , Vietnam , Rest of APAC)

Middle East & Africa (UAE, Saudi Arabia , Qatar , Turkey , Kuwait , Egypt , South Africa , Rest of Middle East and Africa )

Latin America ( Brazil , Mexico , Argentina , Chile , Rest of Latin America )

For more information about this report visit https://www.researchandmarkets.com/r/nsxgnk

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Yacht Market

Yacht Market Size, Share, Trends, Growth, and Industry Analysis, By Type (Flybridge Yacht, Sport Yacht, Super Yacht, Long Range Yacht), By Length (Up To 20 Meters, 20 To 50 Meters, above 50 Meters), and Regional Analysis and Forecast 2032.

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Global Yacht market is predicted to reach approximately USD 16.03 billion by 2032, at a CAGR of 6.05% from 2024 to 2032.

The yacht market globally involves making, selling, and keeping up luxury boats for leisure cruising or racing. These yachts come in different sizes, from small recreational vessels to huge superyachts with luxurious features like swimming pools, helipads, and multiple decks. The industry includes various players, such as yacht makers, designers, brokers, and service providers serving wealthy individuals and organizations looking for top-tier watercraft for personal use or chartering. The demand for luxury yachts is increasing due to factors like higher disposable incomes, a growing passion for recreational boating, and a desire for exclusive leisure experiences. Shipbuilders prioritize creating top-tier experiences and comfort for customers on the water.

The global yacht market has been experiencing consistent growth in recent years, driven by a growing demand from wealthy individuals and businesses looking for luxurious travel and entertainment options. Despite occasional economic challenges and regulatory hurdles, the industry remains innovative, offering state-of-the-art technologies and environmentally friendly design solutions to appeal to discerning customers.

Key trends influencing the market include the adoption of eco-friendly propulsion systems, the integration of smart technologies for better on-board experiences, and the expansion of yacht chartering services to cater to experiential travellers. In the near future, the yacht industry is expected to grow even more, fuelled by new markets in Asia-Pacific and Latin America, as well as advancements in design, production, and sustainable practices to cater to changing consumer demands and regulatory requirements.

Global Yacht report scope and segmentation.

Global Yacht dynamics

The global yacht industry is influenced by a variety of changing factors that determine its direction. Economic conditions are a major factor, as shifts in global wealth distribution can affect how much consumers spend on luxury goods such as yachts. Changes in disposable incomes, currency exchange rates, and overall economic conditions can either boost or decrease demand in the market. Additionally, consumer preferences are instrumental in shaping market trends, as changing tastes for experiential travel, sustainability, and personalized options drive innovation and set yacht makers and service providers apart. The market caters to the diverse desires of affluent clientele by providing a wide range of options in terms of design, amenities, and eco-friendly feature.

Advancements in technology play a significant role in shaping the yacht industry, with developments in propulsion systems, navigation technology, and on-board amenities constantly changing the industry. Hybrid and electric propulsion systems are becoming more popular as the industry looks for more eco-friendly options, while improvements in connectivity and entertainment systems improve the overall experience for passengers.

Regulatory changes focused on sustainability, safety, and maritime operations also have a big impact on the industry's market dynamics. Adhering to these rules requires spending on research and development, which impacts the types of products and strategies used in the yacht industry. This leads to a complex environment where economic, consumer needs, technology, and regulations all interact, requiring industry players to be flexible and creative.

Global Yacht drivers

• Rising Affluence and Wealth Distribution

The growing wealth of high-net-worth individuals around the world is a major factor driving the yacht market. As economies develop and the number of wealthy people increases, there is a greater desire for luxury items and experiences, such as yachts. The rise of ultra-high-net-worth individuals looking for unique leisure activities is fuelling the demand for custom, top-of-the-line yacht models and features. Additionally, regions like Asia-Pacific and Latin America, which are experiencing a rise in millionaires and billionaires, are seeing a spike in interest for luxury yachts. This trend not only fuels yacht sales but also boosts the chartering sector as affluent individuals and corporations seek extravagant experiences on the water.

• Technological Advancements in Yacht Design

Technology continues to drive innovation and growth in the yacht market through advancements in propulsion systems, materials science, and on-board amenities. These breakthroughs not only enhance performance, safety, and comfort but also cater to the preferences of discerning buyers.

The introduction of eco-friendly propulsion solutions like hybrid and electric engines addresses concerns about environmental sustainability, aligning with consumer preferences and regulatory mandates. Additionally, improvements in connectivity and automation streamline operations, improving efficiency and enhancing the on-board experience for both owners and guests. These technological innovations not only attract new customers but also encourage existing yacht owners to upgrade to newer, more advanced models, thereby driving market growth.

Restraints:

• Economic Volatility and Uncertainty

The yacht market is sensitive to changes in the economy, which can affect consumer confidence and spending on luxury goods. In times of financial uncertainty, wealthy individuals can delay or cancel their plans to buy a yacht, resulting in lower sales and profits for companies in the industry. Currency fluctuations and geopolitical issues can also impact global trade and the affordability of yachts for buyers around the world. The instability in the economy presents a major challenge for the yacht market, forcing businesses to be adaptable in order to weather difficult times.

• Regulatory Compliance and Environmental Concerns

Stringent regulatory requirements related to safety, emissions, and environmental conservation pose challenges for yacht manufacturers and operators. Compliance with evolving maritime regulations necessitates significant investments in research, development, and regulatory compliance measures, which can increase production costs and limit profit margins. Moreover, growing concerns about marine pollution and carbon emissions necessitate the adoption of eco-friendly technologies and sustainable practices within the yacht industry. While these initiatives are essential for the long-term sustainability of the market, they can pose short-term challenges in terms of implementation costs and operational adjustments for industry stakeholders.

Opportunities:

• Emerging Markets and Untapped Demographics

The yacht market is growing in emerging economies like Asia-Pacific, the Middle East, and Latin America due to the increasing number of wealthy individuals who are spending more on luxury items. Yacht companies can take advantage of this by focusing on these markets and tailoring their products and services to meet the needs and preferences of local customers. This will help them increase their profits and reach a wider audience globally. Additionally, there's potential to tap into underrepresented demographic segments, such as younger affluent individuals and female high-net-worth investors, by offering tailored yacht designs and experiences that resonate with their lifestyle preferences and aspirations.

Segment Overview

By Type market is segmented into different yachts, Flybridge yachts are known for their additional deck above the main deck, which offers amazing views and more outdoor space. They are popular among people who enjoy outdoor living and socializing, often including features like lounges and wet bars. Sport yachts are designed for speed and performance, with sleek designs and powerful engines. Perfect for day cruising and water sports, they are favoured by thrill-seekers looking for exciting experiences on the water.

Super yachts are the epitome of luxury, surpassing 24 meters in length. They provide luxurious living areas, extravagant amenities, and opportunities for personalized customization. Luxury yachts designed for ultra-wealthy individuals who value comfort and luxury. These long-range boats are made for extended trips and crossing oceans, equipped with top-of-the-line navigation tools and large fuel tanks for endurance and safety. Popular among thrill-seekers and world travellers, these yachts can go long distances without needing constant refuelling.

By length market is segmented into, Up To 20 Meters, Yachts in this category, often termed day boats or small cruisers, offer a balance of performance, comfort, and affordability. They're suitable for day trips and weekend getaways, appealing to entry-level buyers and seasoned enthusiasts alike. 20 To 50 Meters, Mid-sized yachts ranging from 20 to 50 meters provide ample living space, luxury amenities, and customization options.

These vessels cater to a wide range of lifestyles and preferences, striking a balance between performance and on-board amenities for extended cruising. Above 50 Meters, Ultra-luxury mega yachts exceeding 50 meters redefine opulence and grandeur. Custom-built to exact specifications, they feature sprawling living areas, state-of-the-art amenities, and unparalleled levels of personalization. These colossal vessels cater to the most affluent individuals and organizations globally, setting new standards for luxury living on the water.

Global Yacht Overview by Region

The yacht market has different dynamics and trends in various regions. Europe is a major player, especially in the Mediterranean with countries like France, Italy, and Spain known for yacht building and popular cruising spots. North America also plays a significant role with wealthy coastal communities and a strong chartering industry in places like Florida and the Caribbean. Asia-Pacific is becoming increasingly important with rising wealth and luxury tourism in countries such as China, Singapore, and Australia.

Additionally, emerging markets in Latin America, particularly Brazil and Mexico, show promise for future growth, driven by rising affluence and interest in recreational boating. Overall, regional differences in economic conditions, regulatory environments, and consumer preferences influence the dynamics of the yacht market, with opportunities for expansion and innovation across diverse geographical landscapes.

Global Yacht market competitive landscape

Key players such as Azimut-Benetti, Ferretti Group, and Sunseeker global dominate the market with their extensive portfolios of luxury yachts spanning various sizes and types. These industry leaders leverage their brand reputation, innovation capabilities, and global distribution networks to maintain a competitive edge. Additionally, custom yacht builders like Lürssen and Feadship cater to the ultra-high-net-worth segment with bespoke, one-of-a-kind creations, showcasing craftsmanship and exclusivity.

The market also sees competition from Asian shipyards such as Sunreef Yachts and Horizon Yachts, which offer competitive pricing and increasingly sophisticated designs, gaining traction in both regional and global markets. Furthermore, advancements in technology and sustainability drive competition, with companies investing in eco-friendly propulsion systems, smart technologies, and sustainable materials to differentiate their offerings.

Key Players:

• Azimut-Benetti
• Ferretti Group
• Sunseeker International
• Lürssen
• Sunreef Yachts
• Horizon Yachts
• Princess Yachts
• Heesen Yachts
• Sanlorenzo Spa
• Beneteau Group
• Bavaria Yachts
• Pershing Yachts

Global Yacht market Recent Developments

• Mar 2023 , FERRETTI S.p.A. completed the acquisition of a 70,000-square-meter production site in Ravenna, Italy, investing approximately EUR 40 million initially. Over the next three years, an additional EUR 40 million will be invested to expand production areas and establish an R&D center, showcasing Ferretti Group's commitment to enhancing its operations in the marine industry.
• Mar 2023 , Sanlorenzo Spa acquired a 49% stake in Sea Energy S.r.l., a company specializing in electronics and electrical systems for yachts. This move aligns with Sanlorenzo's strategic goals of vertical integration, strengthening its relationship with key suppliers in the yachting industry.

Scope of global Yacht report

Global Yacht report segmentation

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

• Global Yacht size and forecast: To identify and estimate the market size for global Yacht market segmented By Type, By Length, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
• Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Yacht
• Market Influencing Factors: To find out the factors which are affecting the market of global Yacht among consumers.
• Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.   The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on.  We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

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The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

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• Automotive and Transport /

Global Yacht Market Size, Share & Trends Analysis Report by Type (Super Yacht, Sport Yacht, Flybridge Yacht, Long Range Yacht), Length (Up To 20 M, 20 To 50 M, Above 50 M), Propulsion (Motor, Sailing), Region, and Segment Forecasts, 2024-2030

• Region: Global
• Grand View Research
• ID: 5415418
• Description

Table of Contents

Companies mentioned, methodology, related topics, related reports.

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Yacht Market Report Highlights

• The global market is expected to grow at a CAGR of 5.1% from 2024 to 2030 due to the rising disposable income and increased interest in leisure activities
• Manufacturers incorporate luxury features and improved performance characteristics to meet customer expectations. Increased availability of yacht rentals allows individuals to experience yachting without the high cost of ownership
• Composite materials are gaining popularity due to their corrosion resistance, lower maintenance costs, and better strength-to-weight ratio than traditional wood and fiber-reinforced polymers
• Advancements in telematics and the use of electronically controlled fuel injection systems are improving efficiency and reducing emissions
• The superyacht segment held the largest market share of 31.2% in 2023 due to their high popularity among UHNWIs
• The sport yacht segment is expected to register the highest growth rate of 5.9% from 2024 to 2030 due to the high speed & agility along with the growing popularity of these yachts in countries like China and France
• The 20 to 50 meters yacht length segment gained major traction due to lower maintenance costs, wind sailing capabilities, and shallower draft requirements
• Europe is among the leading regional markets and held a share of 38.9% of the global industry revenue in 2023

Why should you buy this report?

• Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
• Competitive Landscape: Explore the market presence of key players worldwide.
• Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
• Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

• Market intelligence to enable effective decision-making
• Market estimates and forecasts from 2018 to 2030
• Growth opportunities and trend analyses
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis
• Product innovation listing for you to stay ahead of the curve
• COVID-19's impact and how to sustain in these fast-evolving markets
• Damen Shipyards Group
• Sanlorenzo Spa
• WANDA Group
• Viking Yacht Company
• Flensburger Schiffbau Gesellschaft GmbH (FSG)
• Azimut Benetti Group
• Heesen Group
• Sunseeker International
• Ferretti S.p.A.
• Alexander Marine International Co., Ltd. (AMI)
• Princess Yachts Limited

Table Information

• Luxury Yacht

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About the yacht market.

The Yacht market is a segment of the Maritime industry that focuses on the production, sale, and maintenance of luxury vessels. Yachts are typically used for recreational purposes, such as leisurely cruising, fishing, and entertaining. Yacht owners may also use their vessels for competitive sailing, racing, and other water sports. Yacht manufacturers typically produce vessels ranging from small, trailerable boats to large, ocean-going vessels. Many yachts are custom-built to meet the specific needs of the owner. Yacht brokers and dealers are responsible for the sale of new and used yachts, and often provide services such as financing, insurance, and maintenance. Marinas and boatyards provide services such as storage, repairs, and maintenance for yachts. They may also offer amenities such as fuel, supplies, and restaurants. Some companies in the Yacht market include Azimut Yachts, Beneteau, Ferretti Group, Princess Yachts, and Sunseeker. Show Less Read more

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Home ➤ Automotive and Transportation ➤ Automotive components ➤ Yacht Market

Global Yacht Market By Type (Flybridge Yacht, Super Yacht, Sport Yacht, Long Range Yacht and Other Types) By Length (Up to 20 Meters, 20-50 Meters and Above 50 Meters) By Propulsion (Motor Yacht and Sailing Yacht) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

• Published date: Jan 2024
• Report ID: 29677
• Number of Pages: 290
• Table of Contents
• Major Market Players
• Request a Sample

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Market Overview

Key takeaways, opportunity, by type analysis, by length analysis, by propulsion analysis, key market segments, regional analysis, market share & key players analysis, recent developments, report scope.

The Global Yacht Market size is expected to be worth around USD 16.8 Billion by 2033 , from USD 10.3 Billion in 2023 , growing at a CAGR of 5.8% during the forecast period from 2024 to 2033.

This growth is driven by increasing interest in boating activities, higher purchasing power, and the rise of luxury yacht destinations. The International Monetary Fund’s projection of China’s economy growing by 40% by 2028 and the anticipated USD 552.8 billion recreational expenditure in the United States in 2023 exemplify the increasing disposable income globally. Additionally, tourist hotspots with oceanic borders, like the Netherlands, UK, Italy, and UAE, contribute to this market’s growth.

Technological advancements and environmentally conscious designs are pivotal in this market. The International Maritime Organization’s directive to cut CO2 emissions by 70% by 2050 has led to the development of more efficient, eco-friendly yachts . This shift reflects the growing environmental awareness among high-net-worth individuals.

The market has also evolved in manufacturing practices, shifting from traditional wood and fiber-reinforced polymers to advanced composites, offering benefits like corrosion resistance and improved strength-to-weight ratios. Innovations like electronically controlled fuel injection systems enhance yacht efficiency, reducing noise, vibration, and emissions.

Despite the high ownership costs, yacht rental services like Sailogy S.A. and Boatbound Inc. have made luxury yachting more accessible. The COVID-19 pandemic initially impacted the market, but recovery is underway as restrictions ease and interest in leisure activities grows.

• The Yacht Market is expected to reach a value of USD 16.80 billion by the year 2032 .
• This growth is projected to have a CAGR of 5.80% from 2024 to 2032.
• In 2023, the Yacht Market was valued at USD 10.3 billion.
• The International Monetary Fund predicts a 40% growth in China’s economy by 2028.
• The Super Yacht Segment held a dominant position, capturing 30.5% of the market share.
• The 20-50 Meters Segment led the market, accounting for 56% of the market share.
• The Motor Yacht Segment was predominant, securing 84% of the market share.
• Increased Disposable Income and Yacht Renting Trend : The yacht market is growing due to higher disposable incomes worldwide. For example, the U.S. Department of Commerce reported a 3.5% increase in recreational spending share of consumer spending from 2013 to 2022. In the EU, recreational spending was 1.2% of GDP in 2021. Technological advancements in yacht engines, enhancing speed and reducing emissions, noise, and vibration, contribute to this growth.
• Demand for Luxury and Customization : With the increasing demand for luxury yachts, manufacturers are focusing on luxurious features and customization to meet customer needs, thus propelling market growth.
• Growth in Marine Tourism and Water Sports : The popularity of water sports and marine tourism has led to the development of high-power, high-speed yachts, further driving market expansion.
• Safety Concerns and Strict Regulations : The yacht market faces challenges due to safety concerns and strict regulations on speed and emissions. The California Air Resources Board (CARB) proposed emission regulations for yachts in September 2021, aiming to minimize harmful emissions.
• Environmental Impact : Yachts can significantly affect marine ecosystems, leading to concerns about water quality degradation and marine life harm. Efforts to reduce yacht-related pollution require collaboration among manufacturers, consumers, and regulators.
• Advent of AI and Electrification : The integration of AI , machine learning, and electrification in yachts is transforming the industry, and creating new opportunities. For instance, Porsche and Frauscher Shipyard’s development of the electric Frauscher x Porsche 850 Fantom Air in June 2023 exemplifies this trend.
• Yacht Renting Trends : The renting of luxury yachts for special occasions, leisure activities, and corporate meetings is expanding market opportunities.
• Electrification of Yachts : The shift to electric yachts, due to environmental concerns and rising fuel prices, is a growing trend. Investments in R&D and government support are accelerating this shift.
• Technological Advancements in Yacht Manufacturing : The use of 3D printing and sustainable power sources in yacht manufacturing is on the rise, enhancing customization and reducing costs.
• Generational Influence : Millennials are significantly impacting the luxury yacht market. Their preference for unique experiences over mere ownership is reshaping industry dynamics. This generational shift is driving demand and leading to innovations tailored to these new preferences.
• Independent Travelers : The rise in independent travel is another trend shaping the market. Technological advancements have made it easier for people to plan and embark on solo yacht adventures.
• Online Booking : The preference for online booking channels is growing. Prospective yacht owners and renters are increasingly using online platforms to compare prices, features, and types, making informed decisions based on a wide range of available options.
• Government Initiatives and Policies : Policies aimed at boosting tourism and maritime activities are playing a crucial role in market growth, especially in Europe and Asia Pacific. These initiatives are encouraging investments in coastal areas and recreational activities, enhancing the attractiveness of yachting as a leisure activity.

Luxury Yacht Market Trends

• Increasing Number of Billionaires : According to Forbes, the U.S. had 735 billionaires in 2021, followed by China with 495. In India, the number of billionaires increased from 102 in 2020 to 166 in 2022, with their wealth growing by 46% in 2022. Bloomberg reports that around 131 billionaires doubled their net worth during the pandemic. This increase in ultra-wealthy individuals is driving luxury yacht demand.
• Green Yachting : Millennials, making up to 40% of yacht buyers, are shifting towards eco-friendly yachting. The International Maritime Organization aims to reduce greenhouse gas emissions by 50% from 2008 levels by 2050.

In 2023, the Super Yacht segment held a dominant position in the yacht market, capturing a significant 30.5% share . This dominance can be attributed to the high popularity of these yachts among end-users, with their luxury features and advanced amenities making them a preferred choice for high-net-worth individuals and yacht enthusiasts.

• Super Yacht Segment : Dominating the market with over 30% revenue share in 2023, Super Yachts, typically ranging from 30-50 meters in length, are favored for their luxurious offerings, though smaller than Mega Yachts. Key players like Sanlorenzo Spa and Lürssen, holding over 11% of the market share, focus on innovative designs and high-end customizations to cater to the affluent market. This segment is expected to see substantial growth through 2024-2033, driven by rising demand and advancements in yacht technology.
• Sport Yacht Segment : Forecasted as the fastest-growing segment, Sport Yachts are gaining traction, especially in countries like China and France. Their popularity is linked to the active participation in recreational boating and sporting events. These yachts, used for marine tourism, sports tournaments, and various water activities, are propelling the segment’s growth. The increasing demand for recreational tournaments and outdoor activities offers significant revenue-generation opportunities for various stakeholders in the industry.
• Flybridge Yacht Segment : Flybridge Yachts, known for their elevated control station or ‘flybridge’, offers a unique blend of outdoor experience and control. While not as dominant as Super or sports yachts, this segment caters to a niche market that values outdoor navigation and leisure.
• Long Range Yacht Segment : Long Range Yachts are designed for extended voyages, offering durability and high fuel efficiency. This segment, though smaller, caters to a growing clientele interested in remote explorations and extended sea journeys. The demand in this segment is expected to rise, influenced by the increasing interest in remote tourism and adventure activities.
• Other Types : This category includes various specialized yachts like Mega Yachts, which are over 50 meters in length and equipped with luxury amenities such as swimming pools, movie halls, and gyms. These yachts are generally used for leisure and recreation by large groups and are mostly owned by organizations.

In 2023, the 20-50 Meters segment held a dominant position in the yacht market, capturing a significant 56% share . This segment’s lead is largely due to its balance of size and functionality, offering benefits like fuel efficiency, easier maneuverability, and lower maintenance costs compared to larger yachts.

• 20-50 Meters Segment : Dominating the market with over 56% revenue share in 2023, this segment is expected to maintain its lead. Yachts in this range offer advantages such as the ability to sail in light winds, lower moorage costs, and shallower drafts for water anchorages. This size range is versatile, and suitable for both leisure and corporate usage, making it a popular choice among yacht enthusiasts.
• Up to 20 Meters Segment : Yachts within this size are in demand for competitive and recreational purposes. In regions like Europe and North America, there’s a growing trend of integrating renewable energy sources like solar and wind energy in yachts, leading to lower emissions and reduced fuel consumption. These yachts are generally compact and lightweight, favored for their eco-friendliness and efficiency. The segment’s growth is bolstered by this increasing focus on sustainability and the rising popularity of maritime leisure activities.
• Above 50 Meters Segment : While not as dominant as the other two, the Above 50 Meters segment is significant, especially in the luxury yacht market. These large yachts, including superyachts and megayachts, are more prevalent in developed countries, often used for commercial purposes and high-end tourism. The market for these yachts is expected to exhibit notable growth, driven by a surge in luxury tourism and the preferences of high-net-worth individuals for grand and exclusive sea experiences.

In 2023, the Motor Yacht segment held a dominant position in the yacht market, capturing a significant 84% share . This dominance is primarily due to the segment’s advantages such as higher speed, power, and the ability to cover longer distances, appealing to a broad range of yacht enthusiasts.

• Motor Yacht Segment : The popularity of this segment stems from their advanced features, long-distance coverage, and high-speed capabilities. Motor yachts, equipped with modern systems and equipment, cater to a clientele seeking luxury, convenience, and performance. With multi-deck designs and spacious interiors, these yachts are ideal for large groups. The segment is forecasted to grow at a CAGR of ~6% from 2024 to 2033, driven by rising demand for recreational activities and ongoing technological advancements.
• Sailing Yacht Segment : Sailing yachts, which use sails for propulsion, depending on wind speed and direction. Although they can cover long distances, the design and onboard facilities of motor yachts often make them more attractive to buyers. However, sailing yachts, known for their eco-friendliness, modern design, luxurious amenities, and large deck space, continue to have a dedicated market segment. The demand for sailing yachts is expected to grow, fueled by the increasing interest in recreational sailing and the rising focus on environmental sustainability.
• Flybridge Yacht
• Super Yacht
• Sport Yacht
• Long Range Yacht
• Other Types
• Up to 20 Meters
• 20-50 Meters
• Above 50 Meters

By Propulsion

• Motor Yacht
• Sailing Yacht

In 2023, Europe is leading the yacht market with a substantial 33.6% share , amounting to USD 3.2 billion . This dominance is attributed to the region’s high concentration of billionaires and rapidly growing wealth. Scenic destinations like Greece and Italy are at the forefront, driven by extensive tourism and private yacht parties. The European Union Council’s initiative, the European Agenda for Tourism 2030, aimed at enhancing digital and green tourism, further bolsters this growth.

In 2022, the introduction of 606 new yachts marked a record in sales, signifying the region’s robust market dynamics. The high demand for yachting in tourist hotspots like Greece, Croatia, Spain, Italy, and France, coupled with the popularity of fishing and water sports, fuels the market’s expansion. Notably, about 40% of all new 40-meter yachts globally were purchased by European customers over the last five years, indicating the region’s significant market share.

The Asia Pacific region is projected to be the fastest-growing market. Rapid urbanization, rising living standards, and increasing disposable incomes are key drivers. Leisure activities like fishing, water sports, and maritime tourism are gaining traction in countries like Thailand, Malaysia, Singapore, China, Japan, and Australia. Aggressive government initiatives, such as India’s Swadesh Darshan Scheme and the Incredible India campaign, are expected to significantly propel this market forward.

Key Regions and Countries:

• Switzerland
• Rest of Western Europe
• The Czech Republic
• Rest of Eastern Europe
• South Korea
• Australia & New Zealand
• Philippines
• Rest of APAC
• Rest of Latin America
• Saudi Arabia
• South Africa
• United Arab Emirates
• Rest of MEA

In order to expand the market across the globe, the key market companies are taking initiatives and making strategies like mergers & acquisitions, partnerships, making investments, and launching new products and services.

Some of the major companies in the market are Princess Yachts Limited, Viking Yacht Company, Heesen Yachts Sales B.V., Horizon Yacht Company, Cheoy Lee Shipyards Limited, Christensen Shipyards Ltd., Damen Yachting BV, and many other companies.

Key Market Players

• Alexander Marine International Co. Ltd.
• Princess Yachts Limited
• Viking Yacht Company
• Heesen Yachts Sales B.V.
• Horizon Yacht Company
• Cheoy Lee Shipyards Limited
• Christensen Shipyards Ltd.
• Damen Yachting BV
• Dyna Craft Ltd.
• Ferretti S.p.a
• Other Key Players
• October 2023 : Four Seasons entered the yacht market by announcing the launch of Four Seasons Yachts. This ambitious venture is expected to commence sailing by late 2025, marking the luxury hotel brand’s expansion into maritime luxury.
• June 2023 : Sanlorenzo unveiled its 47-meter explorer yacht, Para Bellum, the tenth addition to its successful 460-500 EXP series. Featuring twin Caterpillar engines, the yacht reaches a cruising speed of 13 knots. In the same month, Sparta, a superyacht with styling by Winch Design, was introduced. It boasts a sleek “Venetian red” and metallic grey hull, combining elegant aesthetics with high performance.
• May 2023 : The Kadey-Krogen Group, based in Florida, acquired American Tugs, a leading builder of U.S.-built coastal cruisers. Founded in 1999, American Tugs has a strong presence in North America and Europe and has delivered over 250 cruising yachts from its 2,600 sq.m. facility in LaConner, Washington.
• April 2023 : Ferretti Group launched the Pershing 140, its first aluminum flagship model, from the Ancona facility. Equipped with four MTU 16V 2000 M96L engines, each with 2,600 hp, the yacht offers a cruising speed of 35 knots and a top speed of 38 knots.
• March 2023 : Ferretti Group expanded its manufacturing capabilities by acquiring a 70,000-sq.m. production site in Ravenna. The company plans to invest USD 87 million in this facility, aiming for a 20% increase in production through new spaces and R&D centers.
• September 2022 : Ferretti Group took significant stakes in Masello Srl and Fratelli Canalicchio SpA, both Italy-based companies specializing in yacht furnishings and kinetic systems, respectively.
• January 2023 : Accor announced the launch of the world’s largest luxury sailing ship, set to debut in 2026. This megayacht will feature 54 suites, highlighting Accor’s commitment to luxury and innovation in maritime leisure.

Frequently Asked Questions (FAQ)

In 2032, the Yacht Market Market will reach USD 16.8 billion.

The Yacht Market Market is expected to grow at 5.8% CAGR (2023-2032).

Alexander Marine International Co. Ltd., Princess Yachts Limited, Viking Yacht Company,Heesen Yachts Sales B.V., Horizon Yacht Company and Other Key Players are the main vendors in this market.

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Global Yacht Industry Market to Reach US$10.8 Billion by the Year 2026

The yacht industry is expected to witness increased demand for yachts with long range capabilities and with ice-breaking hulls, given the growing desire of luxury yacht owners for adventure travels to remote locations such as Antarctica and Galapagos. As against the conventional compartmentalized layouts, there is a shift towards innovative designs with brighter and open-plan interiors. Yacht designs are also focused on outdoor areas for providing yacht travelers a direct and more intimate experience with the sea.

Owners are increasingly demanding high-tech features and gadgets to be integrated into their yachts. In addition to standard components such as jet skis, canoes and water skis, demand is rising for advanced gadgets such as hover boards, jetlev and skibob. Further, yachts with high-quality cinema rooms and media rooms are also gaining widespread popularity among potential customers.

Amid the COVID-19 crisis, the global market for Yacht Industry estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$10.8 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Super Yacht, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$3.6 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sport Yacht segment is readjusted to a revised 7.3% CAGR for the next 7-year period. This segment currently accounts for a 22.6% share of the global Yacht Industry market.

The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026

The Yacht Industry market in the U.S. is estimated at US$2.7 Billion in the year 2021. The country currently accounts for a 32% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 7.5% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the end of the analysis period. While the presence of large number of wealthy and affluent people has a strong bearing on higher demand for yachts in the US and Europe, increased penchant for sea tours and marine entertainment among population also aids the yacht industry.

New and unexplored markets like Asia are attracting significant attention of yacht makers. Interest in yachts is surging, with the expanding UHNW and HNW population increasingly seeking to purchase these boats to augment their social status. One of the promising yachting hubs to emerge in recent times is Southeast Asia, with countries such as Indonesia and Thailand becoming popular destinations for luxury yachting. China is another market with significant growth potential in Asia-Pacific region. In China, yachting is emerging into a popular sport, with motor yachting particularly gaining immense acceptance.

Flybridge Yacht Segment to Reach $2.1 Billion by 2026

The flybridge concept is growing in acceptance mainly for conducting corporate meetings, as it offers all the required amenities like air conditioning. In the global Flybridge Yacht segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$109.3 Million by the year 2026.

Select Competitors (Total 255 Featured)

• Azimut - Benetti Group
• Baglietto S.p.A.
• Bavaria Yachtbau GmbH
• Brunswick Corporation
• Cheoy Lee Shipyards Limited
• Dyna Craft Ltd.
• Ferretti S.p.A.
• Fr. Lurssen Werft GmbH & Co. KG
• HanseYachts AG
• Heesen Yachts
• Horizon Yacht Company
• ICON Yachts BV
• Kingship Marine Limited
• Overmarine Group
• Perini Navi S.p.A.
• Princess Yachts International plc
• Sanlorenzo S.p.A.
• Shanghai Double Happiness Yacht Co. Ltd.
• Sunbird Yacht Co. Ltd.
• Sunrise Yachts
• Sunseeker International
• Trinity Yachts

Key Topics Covered

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession
• 2020: A Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
• Leisure Marine Industry amid COVID-19 Pandemic
• Global Yachting Industry Maintains Balance Amid the Storm
• The Road Ahead
• An Introduction to Yachts, the Floating Luxuries
• Classification of Yachts
• Key Trends in Yachting Industry: In a Nutshell
• Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
• Growing Number of Newer and Younger Billionaires Add to Growth Prospects
• Developed Regions: Key Revenue Contributors
• Yachting Set to Make Significant Gains in Developing Regions
• China Evolves into Fastest Growing Market for Yachts
• Motor Yachts Dominate the Scenario
• Major Production Hubs
• Competitive Scenario
• Recent Market Activity
• World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Popularity of Nautical Tourism Underpins Market Expansion
• Super-Yachts Industry Exhibits Mixed Performance through Categories amid COVID-19
• Strong Gains for Explorer Yachts
• Rise in Demand for Superyachts to Trigger Growth
• Demand Shifts to Larger Superyachts
• A Few New Superyacht Models in the Market, Introduced in the year 2021
• Consumers Move to Shorter Holidays
• UHNW Individuals Transform the Luxury Yachts Market
• Trends Influencing the Luxury Yacht Building Industry
• Rising Focus on Sustainable Solutions
• Improving Yacht Management Efficiencies
• Exploration Yachting Picks Up
• Increasing Sophistication of Security Systems
• Enhanced Audiovisual Systems Becoming New Normal in Luxury Yachts
• Key Luxury Yachts Launched in 2021
• Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
• Millennials Drive the Trend towards Electric Yachts
• Yachts Integrated with Innovations & Novel Design Elements Entice New Yacht Buyers
• Adoption of AI Solutions Gains Momentum
• Smart Yachts: A Key Area of Development
• Designers Get More Optimistic About Possibility of Fully 3D-Printed Yachts
• Gyroscopic Stabilization & Smooth Boat Glides
• Electric & Smarter Yachts
• New Materials & Other Possibilities
• Focus on Technologies to Improve Guest Experience
• New Generation of Super-Yacht Owners Brings New Changes to Yachting Industry
• Higher Demand for Multihulls Among Younger Yacht Owners
• High Demand for Greener and Sustainable Yachts
• Solar Power Emerges as Mega Trend in Global Yacht Industry
• Hybrid Propulsion Systems
• Increased Interest of Yacht Owners in Exploring More Remote Destinations
• Interest in Yacht Charters Poised to Grow in Post-COVID-19 World
• Growing Trend Towards Taking a Staycation on a Yacht
• Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
• Sailing Yachts for Luxury Yacht Charter Experience
• Technological Advances Lead to New Generation of Sports Yachts
• Floating Villas and Artificial Semi-Submersible Islands Gaining Widespread Traction
• Advanced Cybersecurity Measures Gaining Prominence in Yacht Industry
• Surging Interest in Sailing among Women Opens Up Growth Avenues
• Support Yachts Find Favor
• Carbon Fiber Emerges as a Preferred Material for Yachts
• Composites Demand in Boat Building: On the Rise
• Marinas Look to Address Shortage of Berths for Megayachts
• Increasing Disposable Incomes to Propel Yacht Sales
• Yacht's Marine Electronics to Undergo Compelling Evolution Ahead

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 255

For more information about this report visit https://www.researchandmarkets.com/r/6hlm41

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Yacht Market

Yacht Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report 2023-2030

Yacht Market was valued at USD 9,407 million in 2022 and is anticipated to touch USD 14,111 Million in 2030 and is expected to register a CAGR of 5.2% during the forecast period.

Yacht Market Overview

Yacht refers to a large and fast sailing or power-driven vessel used for pleasure cruising, racing, water sports, fishing, and for recreational activities. There are various types of yachts that includes super yacht, flybridge yacht, sport yacht, long range yacht, gullet yacht, luxury yacht, and others.

Major Yacht Market Drivers

Increasing inclination of travellers towards customized and exclusive tourism services is one of the major factors fueling the global yacht market growth. In addition, the rising disposable income, rapid urbanization, and expansion of recreational tourism sector are forecast to augment the market growth over the upcoming years. As per the yacht market analysis, the increasing demand for yacht charters aided by the increase in marine tourism will influence the market revenue. As per the World Travel and Tourism Council (WTTC) report, the travel & tourism sector witnessed a 3.5% growth in 2019, which is 10.3% of the global GDP and provided approximately 330 million jobs globally, this is expected to drive the demand for yachts in the coming years. Manufacturers are focusing on incorporating luxurious features to improve the performance and offer a seamless travel experience with high standards & comfort. For instance, in 2021, Ritz Carlton introduced itineraries to assist guests to stay aboard for more than one voyage. The easy booking option on a weekly or monthly basis will create market growth opportunities. The use of alternative fuel in the marine industry and increasing expenditure by consumers will augment the market share. On the other hand, the operational and maintenance cost of yachts is very high, which might impede the yacht market size.

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Type – Segment Analysis

Based on the type, the sport yacht is expected to grow significantly over the forecast period. This can be attributed to the high demand for sports yachts in recreational activities and water sporting events and increasing active participation of adults in sport tournaments and outdoor activities.

Length – Segment Analysis

Based on the length, the upto 20 meter segment is projected to account for a notable share in the market owing to its several advantages including low maintenance costs, efficient travelling, and light wind sailing capabilities, among others. Additionally, rising adoption of utilizing renewable energy including solar energy and wind energy in sea vessels is further supporting the market growth.

Propulsion – Segment Analysis

Based on the propulsion, the motor yacht segment is anticipated to grow at a high CAGR during the forecast period primarily due to its various advantageous features that includes larger size and more comfortable for living and have more amenities including stand up galleys and bathrooms; easier to operate than sailboats; more power production, and capability of running much longer distances.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is anticipated to grow at high CAGR during the forecast period. This can be attributed to surge in the population and the increase in disposable income of individuals and their inclination toward leisure activities and tourism. Moreover, according to the World Travel & Tourism Council (WTTC), Asia-Pacific is the fastest growing region during 2019 in the travel & tourism sector growing by 5.5% from the previous year. This is expected to contribute to the growth of the yacht market in the region over the forecast period.

Top Market Players

Several leading Yacht companies operating in the market, include, Damen Shipyards Group, Heesen Yachts Sales B.V., Sanlorenzo S.p.A., WANDA Group, Ferretti S.p.A., Alexander Marine International Co., Ltd., Princess Yachts Limited, Viking Yacht Company, Feadship, and Azimut Benetti Group among others.  

Key Developments:  

• In 2020, Azimut Benetti Group launched a new yacht model under the Magellano collection, Magellano 30 METRI, designed by Ken Freivokh.
• In 2022, Damen Yachting introduced its 74m Amels 242-07 yacht, the seventh yacht to be launched from the company’s Limited Editions design from the drydock in the Netherlands.
• In 2020, Azimut Benetti Group announced the launch of a new yacht model under the Magellano collection including Magellano 30 Meter yacht as well as an upcoming Magellano 66 for 2021.

Segments covered in the Report:

The global Yacht market has been segmented on the basis of type, length, propulsion, and key regions. Based on type, the market is segmented into super yacht, flybridge yacht, sport yacht, long range yacht, and others. Based on length, the market is segmented into up to 20 m, 20 to 50 m, and above 50 m. Based on the propulsion, the market is segmented into motor yacht and sailing yacht.  

For detailed scope of the “Yacht Market” report request a Sample Copy of the report

	USD 9,407 Million
	2022
	2023-2030
	Revenues (USD Million)
	By Type, By Length, By Propulsion, By Region
	Asia Pacific, Europe, North America, and RoW
	Damen Shipyards Group, Heesen Yachts Sales B.V., Sanlorenzo S.p.A., WANDA Group, Ferretti S.p.A., Alexander Marine International Co., Ltd., Princess Yachts Limited, Viking Yacht Company, Feadship, and Azimut Benetti Group among others; a total of 10 companies covered.
	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global yacht market by type.

• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht

Global Yacht Market by Length

Global yacht market by propulsion.

• Motor Yacht
• Sailing Yacht

Global Yacht Market by Region

North america yacht market (option 1: as a part of the free 25% customization).

• By Propulsion
• US Market All-Up
• Canada Market All-Up

Europe Yacht Market (Option 2: As a part of the free 25% customization)

• UK Market All-Up
• Germany Market All-Up
• France Market All-Up
• Spain Market All-Up
• Rest of Europe Market All-Up

Asia-Pacific Yacht Market (Option 3: As a part of the free 25% customization)

• China Market All-Up
• India Market All-Up
• Japan Market All-Up
• Rest of APAC Market All-Up

RoW Yacht Market (Option 4: As a part of the free 25% customization)

• Brazil Market All-Up
• South Africa Market All-Up
• Saudi Arabia Market All-Up
• UAE Market All-Up
• Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Yacht Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• Damen Shipyards Group
• Heesen Yachts Sales B.V.
• Sanlorenzo S.p.A.
• WANDA Group
• Ferretti S.p.A.
• Alexander Marine International Co., Ltd.
• Princess Yachts Limited
• Viking Yacht Company
• Azimut Benetti Group 

Frequently Asked Question About This Report

Yacht market [up2216-001001], what are major factors driving the yacht market.

The rapid urbanization along with the rising disposable income, growth in the recreational tourism sector, rising preference towards luxury tourism, exclusive traveling, and recreational activities by consumers are the major factors driving the growth of the market.

Which length segment accounted for notable share in Yacht Market?

The upto 20-meter segment is projected to account for a notable share in the market owing to its several advantages including low maintenance costs, efficient travelling, and light wind sailing capabilities, among others.

What is the growth rate of Yacht Market during forecast period?

The growth rate of Yacht Market during forecast period is 5.2%.

Which region anticipated to grow at high CAGR during the forecast period in Yacht Market?

The Asia-Pacific is anticipated to grow at high CAGR during the forecast period. This can be attributed to surge in the population and the increase in disposable income of individuals and their inclination toward leisure activities and tourism

• Published Date: Nov - 2023
• Report Format: Excel/PPT
• Report Code: UP2216-001001

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Yacht Market: Global Industry Analysis and Forecast (2024-2030)

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Yacht Market Overview

Yacht Market Dynamics

Yacht market regional insights, yacht market segment analysis, yacht market competitive landscape.

Yacht Market Scope: Inquire before buying

Yacht Market
	Details
	2023		2024-2030
	2018 to 2023		US$ 11.92 Bn.
	6.58%		US$ 18.63 Bn.
	by Type	Super Yacht Flybridge Yacht Sport Yacht Long Range Yacht
	by Propulsion	Sailing Yacht Motor Yacht
	by Yacht Length	Up to 20 Meters 20-50 Meters Above 50 Meters

Yacht Market by Region

Yacht key players are:, about this report.

Report ID	124963
Category	Automotive and Transportation

Published Date	January 2024
Updated Date
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Yacht Sourcing > The Future of the Global Yachting Market in 2024

The Future of the Global Yachting Market in 2024

• March 20, 2024

The global yachting market has grown steadily over the past decade, driven by rising affluence and the increasing popularity of yachting as a leisure activity. Yachting refers to recreational boats and ships, ranging from small sailboats to large motor yachts. It is a popular activity among high-net-worth individuals, allowing them to cruise for leisure, recreation, and entertainment.

The yachting market comprises selling and maintaining yachts, along with ancillary services like charters, marinas, and yacht tourism. Key customer segments include wealthy individuals, charter companies, and hotels/resorts. Geographically, Europe has traditionally been the largest market, though North America and Asia Pacific are quickly gaining ground.

The yachting industry was valued at around $35 billion in 2019, having grown at a CAGR of 4.2% over the past five years. Further growth is expected, driven by rising disposable incomes, increasing tourism, and yacht design/technology innovations. However, the market faces challenges such as high ownership costs, environmental regulations, and the availability of marinas. Overall, promising opportunities exist for yacht manufacturers, charter companies, and service providers targeting the high-end consumer segment.

Market Size & Growth Projections

The global yachting market was valued at approximately $47.5 billion in 2021. The market is projected to grow at a CAGR of 4.2% between 2022 and 2024, reaching nearly $54 billion by 2024.

The largest regional markets currently are:

– North America – $16.8 billion

– Europe – $15.9 billion

– Asia Pacific – $8.3 billion

North America and Europe account for over 70% of the global yachting market. However, the Asia Pacific market is expected to grow fastest over the next few years as yachting gains popularity among the expanding middle class.

Key Market Segments

The global yachting market can be segmented into two main categories: luxury and mainstream yachts.

Luxury Yachts

The luxury yacht segment comprises high-end yachts, typically 80 feet or longer. These include motor yachts, sailing yachts, and superyachts. Luxury yachts are characterized by their large size, opulent amenities, high performance, and premium quality. They are built by leading yacht builders using the finest materials and customized to owner specifications. The luxury yacht market has witnessed steady growth in recent years, driven by high-net-worth individuals. Critical markets for luxury yachts include North America, Europe, and Asia Pacific.

Mainstream Yachts

In contrast to luxury yachts, mainstream yachts cater to middle-class boat buyers. They include smaller motorboats and sailboats less than 80 feet in length. Mainstream yacht types include bowriders, cuddy cabins, center console boats, express cruisers, and daysailers. These affordable yachts offer practical boating at lower price points. Mainstream yachts target a mass market and are produced by high-volume manufacturers. Key demand comes from marine tourism, recreational boating, and fishing activities.

Demand Drivers

Several key factors are fueling growth in the global yachting market:

• Wealth Demographics

The yachting industry is driven by high-net-worth individuals (HNWIs) with over  $1 million  in investable assets. Their numbers have steadily risen over the past decade, especially in Asia and the Middle East. This expanding pool of wealthy consumers is driving yacht sales globally. Market analysts point to economic growth in China, in particular, as a significant contributor, with over 1 million new millionaires created there in just the past five years.

• Tourism Industry Trends

The rise of experiential luxury travel and tourism is also fueling the yachting industry’s growth. Cruising exotic destinations on a private yacht appeals to HNWIs seeking exclusive and customized travel adventures. Yachting enables access to secluded beaches, islands, and coastlines that even luxury resorts cannot provide. As tourism rebounds post-pandemic, the appeal of private yachts for luxury travel will likely accelerate.

• Coastal Infrastructure Development

Several countries invest heavily in maritime infrastructure like ports, marinas, and facilities to attract more yachting tourism. The Mediterranean remains the epicenter of yachting, with countries like Monaco, France, and Croatia building state-of-the-art marinas to cater to larger private yachts. Emerging yachting destinations in Asia and the Middle East also prioritize development along their coasts to tap into this lucrative tourism segment. This infrastructure enables further growth of the global yachting fleet and cruising destinations.

Regional Trends

The global yachting market is seeing diverging trends across regions. Mature markets like Europe and North America dominate in total market size, while rapid growth occurs across Asia Pacific.

– Europe accounts for over 50% of the global yachting market, with the Mediterranean region being the focal point of yacht tourism and purchases. Countries like Italy, France, and Spain lead the yacht manufacturing industry.

– Demand also remains strong in Northern Europe, especially amongst ultra-high-net-worth individuals. Brokerage sales have been robust in the UK in particular.

– Emerging markets in Eastern Europe are also contributing to growth. Croatia and Montenegro have invested heavily in yachting infrastructure, incentivizing foreign yacht purchases.

• North America

– The US drives yachting demand in North America, accounting for over 85% of the regional market size. Florida and the Northeast remain prime boating locations.

– Canada and Mexico represent smaller but fast-growing markets. Vancouver and Toronto are emerging yachting hubs in Canada.

• Asia Pacific

– China, Hong Kong, Singapore, and Thailand have seen a surge in yacht purchases and infrastructure development. Tax incentives in Thailand have made the country an attractive destination.

– Strong economic growth in India, Indonesia, and Malaysia indicates significant emerging opportunities. However, regulative challenges remain for foreign yacht imports across the region.

– Australia and New Zealand have mature yachting cultures akin to Europe. They serve as entry points to broader Asia Pacific growth.

Technological Innovations

In recent years, the global yachting market has seen significant technological innovations transforming yacht ownership and the charter experience. Some of the key innovations include:

Electric Propulsion Systems

Electric propulsion systems are gaining popularity in the yachting industry. These quiet and emission-free systems are ideal for short-range cruising using electric motors powered by high-capacity lithium-ion battery banks. While range and power output limitations remain, electric systems are improving quickly. Leading manufacturers like Torqeedo offer hybrid electric systems that combine diesel engines with electric motors.

Fully electric yachts, like the 88-foot Vision concept from Swedish company Candela, are also emerging. This hydrofoil craft can hit speeds over 30 knots, with only the hum of the two 250 kW motors breaking the silence. As battery densities improve, electric propulsion will empower greener, quieter yachts.

Digital Navigation

Modern yachts are adopting sophisticated digital navigation systems for route planning, weather routing, and automatic anchoring. Chart plotters like the Garmin GPSMAP series integrate sonar, radar, and entertainment controls. Advanced autopilots like the Raymarine Evolution maintain set courses without human intervention.

Digital navigation streamlines previously manual tasks for the captain and crew. Touchscreen interfaces provide intuitive control alongside automation to improve safety, efficiency, and the overall onboard experience. Integrated systems allow yachts to be operated more precisely, regardless of conditions.

Entertainment Systems

Entertainment and connectivity onboard luxury yachts have substantially improved through new sound, video, lighting, and internet systems. Many now feature advanced home theater setups with 4K projectors, surround sound, and streaming services via maritime satellite internet. Others have integrated audio systems controlling music across decks.

Networked lighting systems like Savant create custom mood lighting scenes. Internet connectivity lets guests stream movies and music from their devices anywhere onboard. These cutting-edge systems transform yachts into impeccable entertainment hubs for owners and charter clients.

Sustainability

In recent years, the yachting industry has made strides to operate and build yachts more sustainably. This has been driven by consumer demand for more eco-friendly vessels and tightening environmental regulations.

Energy efficiency has become a significant focus, with newer yacht models integrating features like solar panels, hybrid propulsion systems, and lightweight hull materials. Solar panels can supplement the yacht’s power supply, reducing the need to run diesel generators. Hybrid propulsion combines diesel engines with electric motors, resulting in fuel savings. Advanced lightweight hull composites like carbon fiber require less energy to propel.

Yacht builders also use more sustainable materials like recycled teak or bamboo to reduce deforestation. Eco-friendly paints and coatings are being used that have lower emissions and biodegradability. Even interiors are designed sustainably, using renewable materials and avoiding toxic chemicals.

At a regulatory level, maritime emission rules set by organizations like the IMO are forcing the industry to transition to cleaner fuels. The US and EU have also set standards limiting VOC emissions from paints and coatings. These measures have pushed yacht builders to implement new technologies and processes to meet compliance.

Looking ahead, sustainability will continue to shape the superyacht market. Consumer interest and environmental regulations will drive further innovation in energy efficiency, materials, and manufacturing methods. This transition is critical for the industry to reduce its environmental impact and meet its corporate social responsibilities.

COVID-19 Impact

The COVID-19 pandemic resulted in an unprecedented decline in the global yachting industry in 2020. As countries went into lockdown and imposed travel restrictions, demand for yachts plummeted.

According to industry estimates, the production of yachts above 24 meters fell by nearly 20% in 2020 compared to 2019. The demand for smaller yachts and boats also sharply declined as leisure activities were curtailed. Charter businesses were severely affected as well.

However, the yachting market has also shown signs of recovery in 2021 as pandemic restrictions ease. Many industry experts expect a rebound, with the production of larger yachts projected to recover to 2019 levels by 2022. The charter market is also likely to see an uptick.

Key trends aiding the recovery include:

– Pent-up demand from high-net-worth individuals looking to spend on luxury experiences and assets after a year of lockdowns. This demographic has seen its wealth increase despite the pandemic.

– Continued low-interest rates and attractive financing options are encouraging yacht purchases.

– In some countries, yachting is considered a safer vacation option than hotels and resorts. This has boosted demand for private yacht charters.

– Yachting routes and businesses are adapting to new health regulations to accommodate continued social distancing preferences among clients.

While risks remain, the yachting industry has weathered the worst effects of the pandemic and is poised for a strong recovery over the next few years.

Future Outlook

The global yachting market is projected to experience steady growth in the coming years, driven by rising affluence, demand for luxury experiences, and innovations in yacht technology and design. However, the industry also faces some challenges and uncertainties moving forward.

Continued Growth Projected

Industry experts project that the global yachting market will grow at a CAGR of around 4% from 2022 to 2024. This continued growth will be fueled by rising numbers of high-net-worth individuals (HNWIs), particularly in Asia Pacific, higher consumer spending on luxury and experiences, and innovations making yachts more affordable, efficient, and customizable. Established markets like North America and Europe are expected to remain dominant while emerging markets will drive much of the new demand.

Opportunities in New Markets

Key opportunities lie in tapping into new demographics and geographic markets, for example, targeting younger HNWIs and prioritizing experiences over material goods by promoting yachting as the ultimate lifestyle experience. Emerging yachting hotspots like China, Thailand, Brazil, and the UAE will be critical new demand sources. Industry players can capture more first-time yacht buyers by using virtual/augmented reality and digital technologies to make yachting more accessible and understood.

Challenges: Regulations, Costs, Sustainability

However, the industry also faces challenges. Tighter regulations on yacht emissions, safety, taxes, and licenses could raise costs. Rising fuel prices may deter growth. The high costs of buying, maintaining, docking, and crewing a yacht put it out of reach for many. Promoting sustainability, energy efficiency, and more affordable yachting options will be vital to the industry’s continued growth.

Overall, the yachting market looks poised for steady growth but will need to innovate and tap into new markets and demographics to realize its full potential in the coming years.

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Yacht Market - Global Outlook & Forecast 2024-2029

Published Date : March   2024  

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THE GLOBAL YACHT MARKET SIZE IS EXPECTED TO REACH USD 40.40 BILLION BY 2029 FROM USD 26 BILLION IN 2023, GROWING AT A CAGR OF 7.62% DURING THE FORECAST PERIOD.

The Yacht Market Size, Share, & Trends Analysis Report By

• Type: Motorized Yacht and Sailing Yacht
• Motorized Yacht: Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht, and Others
• Application: Private and Commercial
• Size: 20 to 50 meters, Up to 20 meters, and Above 50 meters
• Hull Type: Monohull, Displacement Hull, Planing Hull, Multihull, and Specialized Hull
• Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

This report includes market data points, ranging from trend analyses to market estimates & forecasts that you can customize

GLOBAL YACHT MARKET REPORT SCOPE

REPORT ATTRIBUTE	DETAILS
MARKET SIZE (2029)	USD 40.40 Billion
MARKET SIZE (2023)	USD 26 Billion
CAGR (2023-2029)	7.62%
HISTORIC YEAR	2019-2022
BASE YEAR	2023
FORECAST YEAR	2024-2029
SEGMENTS BY	Type, Motorized Yacht, Application, Size, Hull Type, Geography
GEOGRAPHIC ANALYSIS	North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERS	AZIMUT| BENETTI GROUP, FERRETTI, Princess Yachts, Sanlorenzo, Sunseeker

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YACHT MARKET SIZE ANALYSIS

The global yacht market was valued at USD 26.00 billion in 2023 and is expected to reach USD 40.40 billion by 2029, growing at a CAGR of 7.62% during the forecast period. Several trends are driving the growth of the global yacht industry. Customization and personalization have become crucial, with owners seeking unique designs and features that reflect their tastes. The yacht market includes the design, manufacturing, sales, and services of yachts, which range from small pleasure boats to large, luxurious vessels. This market is divided into segments such as sailing and motorized yachts, catering to different needs and preferences. Key stakeholders include manufacturers, brokers, dealers, and service providers. The industry mirrors the aspirations of those seeking high-end leisure experiences on the water and is influenced by economic conditions, consumer preferences, technological advancements, and regulatory factors.

MARKET TRENDS & OPPORTUNITIES

Economic Growth and High Net Worth Individuals (HNWIs) Economic growth and the rise in the number of high-net-worth individuals (HNWIs) play pivotal roles in propelling the growth of the yacht market. As economies expand, disposable incomes increase, fostering a culture of luxury and leisure. High-net-worth individuals, drawn to exclusive experiences, often view yacht ownership as a symbol of prestige and a means to enjoy a lavish lifestyle. Economic prosperity translates into an expanding customer base capable of affording yachts, ranging from mid-sized cruisers to superyachts. The market responds to this demand by offering various vessels with cutting-edge technology, opulent amenities, and personalized features. As more individuals achieve financial affluence, the allure of yacht ownership intensifies, contributing significantly to the sustained growth and dynamism of the global yacht market.

Rising Disposable Incomes The increasing disposable income among consumers is a key driver of growth in the yacht industry. As disposable incomes rise, individuals and families often seek unique and luxurious leisure experiences, with yacht ownership representing the epitome of exclusivity and sophistication. Yachts, from smaller cruisers to extravagant superyachts, become attainable for a broader population with higher purchasing power. The ability to afford such a symbol of opulence and leisure fosters a growing interest in yachting, driving demand within the market. Yacht manufacturers respond to this trend by introducing various models catering to different preferences and budget ranges. The rising disposable income, therefore, not only expands the market size but also fuels innovation and diversity within the yacht industry, contributing to its sustained growth.

INDUSTRY RESTRAINTS

High Upfront Cost The high upfront costs associated with yacht ownership pose a significant constraint on the growth of the yacht market. Yachts, especially larger and more luxurious models, come with substantial price tags, including the vessel's purchase price, maintenance, crew salaries, docking fees, and other operational expenses. The financial commitment required upfront can deter potential buyers, limiting the market to a niche segment of high-net-worth individuals. The exclusivity of yacht ownership often stems from these significant costs, creating a barrier for those who might otherwise be interested in entering the market. While financing options and charter services exist to make yachting more accessible, the perception of prohibitively high costs remains challenging, restricting the market from reaching a broader audience and realizing its full growth potential.

SEGMEN TATION INSIGHTS

INSIGHTS BY TYPE The global yacht market is broadly segmented into sailing and motorized yachts, each catering to distinct preferences and purposes. The conventional sailing yachts, propelled primarily by wind energy, offer a timeless and elegant seafaring experience, attracting enthusiasts who appreciate the thrill of sailing and the romanticism associated with wind-powered navigation. On the other hand, motorized yachts, equipped with engines for propulsion, provide a more dynamic and versatile on-water experience, appealing to those who seek speed, convenience, and the ability to cover greater distances. The motorized yachts segment holds a higher market share and is expected to grow with a higher CAGR during the forecast period. Several countries and regions worldwide stand out for their strong and sustained demand for motorized yachts. For instance, demand for motorized yachts in the Mediterranean is buoyed by local buyers and international tourists seeking the luxury and adventure of maritime exploration.

INSIGHTS BY MOTORIZED YACHT The motorized yacht segment represents a dynamic and diverse sector within the yacht market, catering to enthusiasts who value speed, convenience, and advanced technology. This category includes subsegments such as superyachts, flybridge yachts, sport yachts, and long-range yachts. Superyachts, known for their luxury and size, hold the highest share and are often equipped with luxurious amenities. Moreover, a relentless pursuit of innovation and cutting-edge technology marks the super yacht segment. Advancements in materials, engineering, and onboard systems contribute to developing more efficient, eco-friendly, and luxurious super yachts.

The long-range yachts are designed for extended cruising, combining luxury with the capability to cover vast distances. This category is expected to grow with the highest CAGR since the evolving lifestyles of high-net-worth individuals, emphasizing experiences over possessions, contribute to the demand for long-range yachts. The flexibility to embark on extended voyages and discover diverse cultures aligns with the changing preferences of yacht owners. The motorized yacht segment continually evolves to incorporate cutting-edge features and innovations, offering a broad spectrum of choices for high-net-worth individuals and discerning consumers in the luxury boating industry.

INSIGHTS BY APPLICATION The global yacht market is segmented into private and commercial applications, each serving distinct purposes within the maritime industry. Private yachts dominated the market share in 2023 and are primarily designed for personal leisure and recreation, catering to high-net-worth individuals and enthusiasts seeking a luxurious and exclusive on-water experience. These yachts range from compact cruisers to opulent superyachts, featuring state-of-the-art amenities and personalized designs. On the other hand, commercial yachts are utilized for various business purposes, including charter services, events, and hospitality. Since there is an increase in the disposable income of populations across regions, people might not be able to own a yacht. Still, they can afford to go on yachting vacations, thus resulting in a higher CAGR of the commercial yacht segment. Commercial yachts offer opportunities for entrepreneurs to enter the hospitality and tourism sectors, providing unique venues for events, parties, and luxury cruising experiences. Both private and commercial segments contribute to the dynamic and evolving landscape of the yacht market, addressing clients' diverse needs and preferences in the global maritime industry.

INSIGHTS BY SIZE The global yacht market by size is segmented into 20 to 50 meters, up to 20 meters, and above 50 meters. Yachts ranging from 20 to 50 meters in length currently hold a maximum market share of over 50%, appealing to a broad spectrum of buyers seeking a balance between spaciousness and manageability. In this segment, buyers often find versatility for both private and charter use. However, the up to 20-meter category is expected to exhibit the highest CAGR, driven by increasing accessibility and affordability. These smaller yachts offer entry-level options, making yacht ownership more attainable for a broader market. On the other end, yachts above 50 meters cater to ultra-high-net-worth individuals, providing expansive living spaces, cutting-edge amenities, and the epitome of luxury. The segmentation by size allows the market to address the diverse demands of buyers, from those seeking intimate cruising experiences to those desiring grand, superyacht opulence.

INSIGHTS BY HULL TYPE The global yacht market encompasses diverse hull types, influencing the vessel's performance, stability, and functionality. Monohull yachts hold the maximum share of the market when compared to their counterparts. It features a single hull and is known for its stability and efficiency, making it suitable for various applications. Various manufacturers and builders populate the monohull yacht industry, each bringing their touch of craftsmanship and innovation. Renowned names such as Beneteau, Jeanneau, and Dufour have established themselves as leaders in this segment. Moreover, displacement hulls displace water rather than riding on top, offering a comfortable and steady ride, ideal for long-distance cruising. Furthermore, specialized hulls are designed for specific purposes, such as ice-breaking hulls for polar exploration or SWATH (Small Waterplane Area Twin Hull) for improved stability in rough seas. Each hull type caters to different preferences, applications, and navigational conditions, contributing to the diversity and innovation within the market.

GEOGRAPHICAL ANALYSIS

Europe holds the most prominent share of the global yacht market, accounting for over 35% in 2023. With its vast maritime history, Europe boasts a captivating market defined by its coastlines and inclination for extravagant living standards. The European market reflects the continent's diversity and variety, offering various yacht sizes to cater to different preferences. In this enchanting landscape, smaller yachts up to 20 meters and larger-sized yachts exceeding 50 meters hold prominent positions. The market thrives as a traditional yachting hub, with countries like Italy, France, and Germany leading in manufacturing and innovation.

North America boasts a robust yacht market driven by a culture of recreation and leisure, with the U.S. being a significant player. Sailing yachts, appreciated for their authenticity and elegance, find their enthusiasts in the region. Further, the APAC region is emerging as a key growth area, driven by rising affluence and a growing interest in luxury lifestyles, particularly in countries like China. The APAC is expected to grow with the highest CAGR of over 8% in the global yacht market among all other regions. In the Middle East & Africa, countries such as the UAE and Saudi Arabia contribute significantly to the luxury yacht sector, reflecting a blend of opulence and maritime traditions. Latin America, including Brazil and Mexico, showcases potential for growth, with an increasing affluent class showing interest in yachting. Each region contributes distinct characteristics to the global yacht market, reflecting cultural, economic, and lifestyle preferences.

COMPETITIVE LANDSCAPE

The global yacht market is marked by intense competition among global and regional players, each vying for a share in the lucrative luxury boating industry. Prominent yacht manufacturers such as Azimut-Benetti, Ferretti Group, and Sunseeker International are key players known for producing high-quality and innovative vessels. The competitive landscape is characterized by a continuous pursuit of technological advancements, eco-friendly solutions, and unique design elements to cater to the discerning tastes of high-net-worth individuals. Yacht brokerage firms, including Burgess and Fraser, contribute to the competitive ecosystem by facilitating yacht sales and charter services. Additionally, emerging players in the yacht industry from the Asia-Pacific region are making notable strides, adding a new dimension to the market's competitive dynamics. As consumer preferences evolve and sustainability becomes a focal point, the yacht market remains dynamic, with companies strategically positioning themselves to stay ahead in this glamorous yet fiercely competitive industry.

Frequently Asked Questions

How big is the yacht market?

What is the growth rate of the global yacht market?

Which region dominates the global yacht market share?

What are the significant trends in the yacht industry?

Who are the key players in the global yacht market?

The global yacht market size is expected to grow at a CAGR of approximately 7.62% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global yacht market during the forecast period:

• Benefits of Yacht Ownership
• Technological Advancements
• Government Support

Base Year:  2023

Forecast Year:  2024-2029

The report considers the present scenario of the global yacht market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

• Business Overview
• Product/Service Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
• Princess Yachts

Other Prominent Vendors

• Product Offerings
• ABEKING & RASMUSSEN
• THE ITALIAN SEA GROUP
• Alpha Yachts
• Antonini Navi
• Arcadia Yachts
• Mondomarine
• Uniesse Marine Group
• Baltic Yachts
• BAYLISS BOATWORKS
• Bering Yachts
• Bertram Yachts
• BILGIN YACHTS
• Kingship Marine
• GRAND BANKS YACHTS
• Westport Yachts
• Heesen Yachts Sales

Segmentation by Type

• Motorized Yacht
• Sailing Yacht

Segmentation by Motorised Yacht

• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht

Segmentation by Application

Segmentation by Size

• 20 to 50 meters
• Up to 20 meters
• Above 50 meters

Segmentation by Hull Type

• Displacement Hull
• Planing Hull
• Specialized Hull

Segmentation by Geography

• Netherlands
• Rest of Europe
• Rest of APAC
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa
• Rest of Latin America

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023 EXHIBIT 2 IMPACT OF ECONOMIC GROWTH AND HIGH NET WORTH INDIVIDUALS (HNWIS): EXHIBIT 3 WEALTH THRESHOLDS TO JOIN THE TOP 1% BRACKET IN SELECTED COUNTRIES IN 2022 ($ MILLION) EXHIBIT 4 IMPACT OF GROWTH IN DEMAND FOR LUXURY TOURISM EXHIBIT 5 IMPACT OF GROWTH OF EMERGING MARKETS EXHIBIT 6 IMPACT OF BENEFITS OF YACHT OWNERSHIP EXHIBIT 7 IMPACT OF TECHNOLOGICAL ADVANCEMENTS EXHIBIT 8 IMPACT OF GOVERNMENT SUPPORT EXHIBIT 9 IMPACT OF HIGH COST OF YACHT OWNERSHIP EXHIBIT 10 IMPACT OF ENVIRONMENTAL CONCERNS EXHIBIT 11 IMPACT OF ECONOMIC DOWNTURNS EXHIBIT 12 REGIONAL ECONOMIC OUTLOOK 2022 & 2023 (%) EXHIBIT 13 GLOBAL YACHT MARKET 2019–2029 ($ BILLION) EXHIBIT 14 FIVE FORCES ANALYSIS 2023 EXHIBIT 15 INCREMENTAL GROWTH BY TYPE 2023 & 2029 EXHIBIT 16 MARKET SHARE BY TYPE 2023 & 2029 (%) EXHIBIT 17 GLOBAL MOTORIZED YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 18 GLOBAL SAILING YACHT MARKET 2019–2029 ($ BILLION) EXHIBIT 19 INCREMENTAL GROWTH BY MOTORIZED YACHTS 2023 & 2029 EXHIBIT 20 MARKET SHARE BY MOTORIZED YACHT 2023 & 2029 (%) EXHIBIT 21 GLOBAL SUPER YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 22 GLOBAL FLYBRIDGE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 23 GLOBAL SPORTS YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 24 GLOBAL LONG RANGE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 25 GLOBAL OTHER YACHTS MARKET 2023–2029 ($ BILLION) EXHIBIT 26 INCREMENTAL GROWTH BY APPLICATION 2023 & 2029 EXHIBIT 27 MARKET SHARE BY APPLICATION 2023 & 2029 (%) EXHIBIT 28 GLOBAL PRIVATE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 29 GLOBAL COMMERCIAL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 30 INCREMENTAL GROWTH BY SEGMENT 2023 & 2029 EXHIBIT 31 MARKET SHARE BY SIZE 2023 & 2029 (%) EXHIBIT 32 GLOBAL 20 TO 50 METERS YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 33 COUNTRIES WITH THE HIGHEST GDPS IN 2024 ($ BILLION) EXHIBIT 34 GLOBAL UP TO 20 METERS YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 35 GLOBAL ABOVE 50 METERS YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 36 INCREMENTAL GROWTH BY HULL TYPE 2023 & 2029 EXHIBIT 37 MARKET SHARE BY HULL TYPE 2023 & 2029 (%) EXHIBIT 38 GLOBAL MONOHULL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 39 GLOBAL DISPLACEMENT HULL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 40 GLOBAL PLANING HULL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 41 GLOBAL MULTIHULL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 42 GLOBAL SPECIALIZED HULL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 43 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029 EXHIBIT 44 MARKET SHARE BY REGION 2023 & 2029 (%) EXHIBIT 45 INCREMENTAL GROWTH BY REGION 2023 – 2029 ($ BILLION) EXHIBIT 46 EUROPE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 47 INCREMENTAL GROWTH IN EUROPE 2023 & 2029 EXHIBIT 48 HNWIS ($1M+) & UHNWIS ($30M+) IN ITALY EXHIBIT 49 ITALY YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 50 HNWIS ($1M+) & UHNWIS ($30M+) IN FRANCE EXHIBIT 51 FRANCE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 52 HNWIS ($1M+) & UHNWIS ($30M+) IN GERMANY EXHIBIT 53 GERMANY YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 54 HNWIS ($1M+) & UHNWIS ($30M+) IN UK EXHIBIT 55 UK YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 56 HNWIS ($1M+) & UHNWIS ($30M+) IN SPAIN EXHIBIT 57 SPAIN YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 58 HNWIS ($1M+) & UHNWIS ($30M+) IN GREECE EXHIBIT 59 GREECE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 60 NETHERLANDS YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 61 HNWIS ($1M+) & UHNWIS ($30M+) IN POLAND EXHIBIT 62 REST OF EUROPE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 63 MARKET SHARE IN NORTH AMERICA BY COUNTRIES 2023 & 2029 (%) EXHIBIT 64 NORTH AMERICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 65 INCREMENTAL GROWTH IN NORTH AMERICA 2023 & 2029 EXHIBIT 66 HNWIS ($1M+) & UHNWIS ($30M+) IN US EXHIBIT 67 US YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 68 HNWIS ($1M+) & UHNWIS ($30M+) IN CANADA EXHIBIT 69 CANADA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 70 MARKET SHARE IN APAC BY COUNTRIES 2023 & 2029 (%) EXHIBIT 71 APAC YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 72 INCREMENTAL GROWTH IN APAC 2023 & 2029 EXHIBIT 73 HNWIS ($1M+) & UHNWIS ($30M+) IN CHINA (MAINLAND) EXHIBIT 74 HNWIS ($1M+) & UHNWIS ($30M+) IN HONG KONG SAR EXHIBIT 75 CHINA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 76 HNWIS ($1M+) & UHNWIS (US$30M+) IN THAILAND EXHIBIT 77 THAILAND YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 78 HNWIS ($1M+) & UHNWIS ($30M+) IN SINGAPORE EXHIBIT 79 SINGAPORE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 80 HNWIS ($1M+) & UHNWIS ($30M+) IN AUSTRALIA EXHIBIT 81 AUSTRALIA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 82 HNWIS ($1M+) & UHNWIS ($30M+) IN JAPAN EXHIBIT 83 JAPAN YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 84 INDONESIA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 85 MALAYSIA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 86 HNWIS ($1M+) & UHNWIS ($30M+) IN VIETNAM EXHIBIT 87 VIETNAM YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 88 HNWIS ($1M+) & UHNWIS ($30M+) IN INDIA EXHIBIT 89 REST OF APAC YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 90 MARKET SHARE IN MEA BY COUNTRIES 2023 & 2029 (%) EXHIBIT 91 MIDDLE EAST & AFRICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 92 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2023 & 2029 EXHIBIT 93 HNWIS ($1M+) & UHNWIS (US$30M+) IN UAE EXHIBIT 94 UAE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 95 HNWIS ($1M+) & UHNWIS ($30M+) IN SAUDI ARABIA EXHIBIT 96 SAUDI ARABIA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 97 QATAR YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 98 HNWIS ($1M+) & UHNWIS ($30M+) IN TURKEY EXHIBIT 99 TURKEY YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 100 KUWAIT YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 101 HNWIS ($1M+) & UHNWIS ($30M+) IN EGYPT EXHIBIT 102 EGYPT YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 103 HNWIS ($1M+) & UHNWIS ($30M+) IN SOUTH AFRICA EXHIBIT 104 SOUTH AFRICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 105 REST OF MIDDLE EAST & AFRICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 106 MARKET SHARE IN LATIN AMERICA BY COUNTRIES 2023 & 2029 (%) EXHIBIT 107 LATIN AMERICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 108 INCREMENTAL GROWTH IN LATIN AMERICA 2023 & 2029 EXHIBIT 109 HNWIS ($1M+) & UHNWIS ($30M+) IN BRAZIL EXHIBIT 110 BRAZIL YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 111 HNWIS ($1M+) & UHNWIS ($30M+) IN MEXICO EXHIBIT 112 MEXICO YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 113 HNWIS ($1M+) & UHNWIS ($30M+) IN ARGENTINA EXHIBIT 114 ARGENTINA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 115 CHILE YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 116 REST OF LATIN AMERICA YACHT MARKET 2023–2029 ($ BILLION) EXHIBIT 117 KEY CAVEATS

LIST OF TABLES

TABLE 1 GLOBAL YACHT MARKET BY TYPE 2023 – 2029 ($ BILLION) TABLE 2 GLOBAL YACHT MARKET BY MOTORIZED TYPE 2023 – 2029 ($ BILLION) TABLE 3 GLOBAL YACHT MARKET BY APPLICATION 2023 – 2029 ($ BILLION) TABLE 4 GLOBAL YACHT MARKET BY SIZE 2023 – 2029 ($ BILLION) TABLE 5 GLOBAL YACHT MARKET BY HULL TYPE 2023 – 2029 ($ BILLION) TABLE 6 MOTORIZED YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 7 SAILING YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 8 SUPER YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 9 FLYBRIDGE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 10 SPORTS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 11 LONG RANGE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 12 OTHER YACHTS MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 13 PRIVATE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 14 COMMERCIAL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 15 20 TO 50 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 16 UP TO 20 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 17 ABOVE 50 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 18 MONOHULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 19 DISPLACEMENT HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 20 PLANING HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 21 MULTIHULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 22 SPECIALIZED HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 23 EUROPE YACHT MARKEY BY TYPE 2023−2029 ($ BILLION) TABLE 24 EUROPE YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 25 EUROPE YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 26 EUROPE YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 27 EUROPE YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 28 NORTH AMERICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 29 NORTH AMERICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 30 NORTH AMERICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 31 NORTH AMERICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 32 NORTH AMERICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 33 APAC YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 34 APAC YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 35 APAC YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 36 APAC YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 37 APAC YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 38 MIDDLE EAST & AFRICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 39 MIDDLE EAST & AFRICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 40 MIDDLE EAST & AFRICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 41 MIDDLE EAST & AFRICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 42 MIDDLE EAST & AFRICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 43 LATIN AMERICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 44 LATIN AMERICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 45 LATIN AMERICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 46 LATIN AMERICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 47 LATIN AMERICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 48 AZIMUT| BENETTI GROUP: MAJOR PRODUCT OFFERINGS TABLE 49 FERRETTI: MAJOR PRODUCT OFFERINGS TABLE 50 PRINCESS YACHTS: MAJOR PRODUCT OFFERINGS TABLE 51 SANLORENZO: MAJOR PRODUCT OFFERINGS TABLE 52 SUNSEEKER: MAJOR PRODUCT OFFERINGS TABLE 53 HARGRAVE CUSTOM YACHTS: MAJOR PRODUCT OFFERINGS TABLE 54 ABEKING & RASMUSSEN: MAJOR PRODUCT OFFERINGS TABLE 55 THE ITALIAN SEA GROUP: MAJOR PRODUCT OFFERINGS TABLE 56 AES YACHT: MAJOR PRODUCT OFFERINGS TABLE 57 ALPHA YACHTS: MAJOR PRODUCT OFFERINGS TABLE 58 PERMARE: MAJOR PRODUCT OFFERINGS TABLE 59 ANTONINI NAVI: MAJOR PRODUCT OFFERINGS TABLE 60 ARCADIA YACHTS: MAJOR PRODUCT OFFERINGS TABLE 61 ARK YACHT: MAJOR PRODUCT OFFERINGS TABLE 62 MONDOMARINE: MAJOR PRODUCT OFFERINGS TABLE 63 ASTONDOA: MAJOR PRODUCT OFFERINGS TABLE 64 UNIESSE MARINE GROUP: MAJOR PRODUCT OFFERINGS TABLE 65 AVA YACHTS: MAJOR PRODUCT OFFERINGS TABLE 66 BAGLIETTO: MAJOR PRODUCT OFFERINGS TABLE 67 BALTIC YACHTS: MAJOR PRODUCT OFFERINGS TABLE 68 BAYLISS BOATWORKS: MAJOR PRODUCT OFFERINGS TABLE 69 BERING YACHTS: MAJOR PRODUCT OFFERINGS TABLE 70 BERTRAM YACHTS: MAJOR PRODUCT OFFERINGS TABLE 71 BILGIN YACHTS: MAJOR PRODUCT OFFERINGS TABLE 72 KINGSHIP MARINE: MAJOR PRODUCT OFFERINGS TABLE 73 GRAND BANKS YACHTS: MAJOR PRODUCT OFFERINGS TABLE 74 WESTPORT YACHTS: MAJOR PRODUCT OFFERINGS TABLE 75 FEADSHIP: MAJOR PRODUCT OFFERINGS TABLE 76 OCEANCO.: MAJOR PRODUCT OFFERINGS TABLE 77 HEESEN YACHTS SALES: MAJOR PRODUCT OFFERINGS TABLE 78 GLOBAL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 79 EUROPE YACHT MARKET 2023−2029 ($ BILLION) TABLE 80 EUROPE YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 81 EUROPE YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 82 EUROPE YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 83 EUROPE YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 84 EUROPE YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 85 NORTH AMERICA YACHT MARKET 2023−2029 ($ BILLION) TABLE 86 NORTH AMERICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 87 NORTH AMERICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 88 NORTH AMERICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 89 NORTH AMERICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 90 NORTH AMERICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 91 APAC YACHT MARKET 2023−2029 ($ BILLION) TABLE 92 APAC YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 93 APAC YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 94 APAC YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 95 APAC YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 96 APAC YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 97 MIDDLE EAST & AFRICA YACHT MARKET 2023−2029 ($ BILLION) TABLE 98 MIDDLE EAST & AFRICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 99 MIDDLE EAST & AFRICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 100 MIDDLE EAST & AFRICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 101 MIDDLE EAST & AFRICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 102 MIDDLE EAST & AFRICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 103 LATIN AMERICA YACHT MARKET 2023−2029 ($ BILLION) TABLE 104 LATIN AMERICA YACHT MARKET BY TYPE 2023−2029 ($ BILLION) TABLE 105 LATIN AMERICA YACHT MARKET BY MOTORIZED TYPE 2023−2029 ($ BILLION) TABLE 106 LATIN AMERICA YACHT MARKET BY APPLICATION 2023−2029 ($ BILLION) TABLE 107 LATIN AMERICA YACHT MARKET BY SIZE 2023−2029 ($ BILLION) TABLE 108 LATIN AMERICA YACHT MARKET BY HULL TYPE 2023−2029 ($ BILLION) TABLE 109 MOTORIZED YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 110 SAILING YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 111 SUPER YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 112 FLYBRIDGE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 113 SPORTS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 114 LONG RANGE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 115 OTHER YACHTS MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 116 PRIVATE YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 117 COMMERCIAL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 118 20 TO 50 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 119 UP TO 20 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 120 ABOVE 50 METERS YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 121 MONOHULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 122 DISPLACEMENT HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 123 PLANING HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 124 MULTIHULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 125 SPECIALIZED HULL YACHT MARKET BY GEOGRAPHY 2023−2029 ($ BILLION) TABLE 126 CURRENCY CONVERSION 2016−2023

1 SCOPE & COVERAGE 1.1. MARKET DEFINITION 1.1.1. INCLUSIONS 1.1.2. EXCLUSIONS 1.1.3. MARKET ESTIMATION CAVEATS. 1.2. SEGMENTS COVERED & DEFINITIONS 1.2.1. MARKET BY TYPE 1.2.2. MARKET BY APPLICATION 1.2.3. MARKET BY SIZE 1.2.4. MARKET BY HULL TYPE 1.2.5. REGIONS & COUNTRIES COVERED 1.3. MARKET DERIVATION 1.3.1. BASE YEAR

2 PREMIUM INSIGHTS 2.1 OPPORTUNITY POCKET 2.1.1 MARKET DEFINITION 2.2 REPORT OVERVIEW 2.3 OPPORTUNITIES & CHALLENGES ANALYSIS 2.4 SEGMENT ANALYSIS 2.5 REGIONAL ANALYSIS 2.6 COMPETITIVE LANDSCAPE

3 MARKET AT A GLANCE 4 INTRODUCTION 4.1. OVERVIEW 4.2. SWOT ANALYSIS 4.3. PEST ANALYSIS 4.4. VALUE CHAIN ANALYSIS 4.5. MERGERS AND ACQUISITIONS 4.6. CANNES YACHTING FESTIVAL- VIEUX PORT 4.6.1. BRIEF HISTORY 4.6.2. IMPACT 4.7. THE MONACO SHOW 4.8. THE EFFECTS OF THE RUSSIA-UKRAINE WAR ON THE YACHT MARKET OUTLOOK

5 MARKET OPPORTUNITIES & TRENDS 5.1. ECONOMIC GROWTH AND HIGH NET WORTH INDIVIDUALS (HNWIS) 5.2. GROWTH IN DEMAND FOR LUXURY TOURISM 5.3. GROWTH OF EMERGING MARKETS

6 MARKET GROWTH ENABLERS 6.1 BENEFITS OF YACHT OWNERSHIP 6.2 TECHNOLOGICAL ADVANCEMENTS 6.3 GOVERNMENT SUPPORT

7 MARKET RESTRAINTS 7.1 HIGH COST OF YACHT OWNERSHIP 7.2 ENVIRONMENTAL CONCERNS 7.3 ECONOMIC DOWNTURNS

8 MARKET LANDSCAPE 8.1. MARKET OVERVIEW 8.1.1. ECONOMIC INSIGHTS BY WORLD TRAVEL & TOURISM COUNCIL (WTTC) 2022 8.2. MARKET SIZE & FORECAST 8.3. MARKET BY TYPE 8.4. MARKET BY MOTORIZED TYPE 8.5. MARKET BY APPLICATION 8.6. MARKET BY SIZE 8.7. MARKET BY HULL TYPE 8.8. FIVE FORCES ANALYSIS 8.8.1. THREAT OF NEW ENTRANTS 8.8.2. BARGAINING POWER OF SUPPLIERS 8.8.3. BARGAINING POWER OF BUYERS 8.8.4. THREAT OF SUBSTITUTES 8.8.5. COMPETITIVE RIVALRY

9 YATCH TYPE 9.1. MARKET SNAPSHOT & GROWTH ENGINE 9.2. MARKET OVERVIEW 9.3. MOTORIZED YACHTS 9.3.1. MARKET OVERVIEW 9.3.2. MARKET SIZE & FORECAST 9.3.3. MARKET BY GEOGRAPHY 9.4. SAILING YACHTS 9.4.1. MARKET OVERVIEW 9.4.2. MARKET SIZE & FORECAST 9.4.3. MARKET BY GEOGRAPHY

10 MOTORIZED YACHTS 10.1. MARKET SNAPSHOT & GROWTH ENGINE 10.2. MARKET OVERVIEW 10.3. SUPER YACHTS 10.3.1. MARKET OVERVIEW 10.3.2. MARKET SIZE & FORECAST 10.3.3. MARKET BY GEOGRAPHY 10.4. FLYBRIDGE YACHTS 10.4.1. MARKET OVERVIEW 10.4.2. MARKET SIZE & FORECAST 10.4.3. MARKET BY GEOGRAPHY 10.5. SPORTS YACHTS 10.5.1. MARKET OVERVIEW 10.5.2. MARKET SIZE & FORECAST 10.5.3. MARKET BY GEOGRAPHY 10.6. LONG RANGE YACHTS 10.6.1. MARKET OVERVIEW 10.6.2. MARKET SIZE & FORECAST 10.6.3. MARKET BY GEOGRAPHY 10.7. OTHER YACHTS 10.7.1. MARKET OVERVIEW 10.7.2. MARKET SIZE & FORECAST 10.7.3. MARKET BY GEOGRAPHY

11 APPLICATION 11.1. MARKET SNAPSHOT & GROWTH ENGINE 11.2. MARKET OVERVIEW 11.3. PRIVATE YACHTS 11.3.1. MARKET OVERVIEW 11.3.2. MARKET SIZE & FORECAST 11.3.3. MARKET BY GEOGRAPHY 11.4. COMMERCIAL YACHTS 11.4.1. MARKET OVERVIEW 11.4.2. MARKET SIZE & FORECAST 11.4.3. MARKET BY GEOGRAPHY

12 YATCH SIZE 12.1. MARKET SNAPSHOT & GROWTH ENGINE 12.2. MARKET OVERVIEW 12.3. 20 TO 50 METERS 12.3.1. MARKET OVERVIEW 12.3.2. MARKET SIZE & FORECAST 12.3.3. MARKET BY GEOGRAPHY 12.4. UP TO 20 METERS 12.4.1. MARKET OVERVIEW 12.4.2. MARKET SIZE & FORECAST 12.4.3. MARKET BY GEOGRAPHY 12.5. ABOVE 50 METERS 12.5.1. MARKET OVERVIEW 12.5.2. MARKET SIZE & FORECAST 12.5.3. MARKET BY GEOGRAPHY

13 HULL TYPE 13.1. MARKET SNAPSHOT & GROWTH ENGINE 13.2. MARKET OVERVIEW 13.3. MONOHULL 13.3.1. MARKET OVERVIEW 13.3.2. MARKET SIZE & FORECAST 13.3.3. MARKET BY GEOGRAPHY 13.4. DISPLACEMENT HULL 13.4.1. MARKET OVERVIEW 13.4.2. MARKET SIZE & FORECAST 13.4.3. MARKET BY GEOGRAPHY 13.5. PLANING HULL 13.5.1. MARKET OVERVIEW 13.5.2. MARKET SIZE & FORECAST 13.5.3. MARKET BY GEOGRAPHY 13.6. MULTIHULL 13.6.1. MARKET OVERVIEW 13.6.2. MARKET SIZE & FORECAST 13.6.3. MARKET BY GEOGRAPHY 13.7. SPECIALIZED HULL 13.7.1. MARKET OVERVIEW 13.7.2. MARKET SIZE & FORECAST 13.7.3. MARKET BY GEOGRAPHY

14 GEOGRAPHY 14.1. MARKET SNAPSHOT & GROWTH ENGINE 14.2. GEOGRAPHIC OVERVIEW

15 EUROPE 15.1. MARKET OVERVIEW 15.2. MARKET SIZE & FORECAST 15.3. TYPE 15.3.1. MARKET SIZE & FORECAST 15.4. MOTORIZED YACHT 15.4.1. MARKET SIZE & FORECAST 15.5. APPLICATION 15.5.1. MARKET SIZE & FORECAST 15.6. SIZE 15.6.1. MARKET SIZE & FORECAST 15.7. HULL TYPE 15.7.1. MARKET SIZE & FORECAST 15.8. KEY COUNTRIES 15.8.1. ITALY: MARKET SIZE & FORECAST 15.8.2. FRANCE: MARKET SIZE & FORECAST 15.8.3. GERMANY: MARKET SIZE & FORECAST 15.8.4. UK: MARKET SIZE & FORECAST 15.8.5. SPAIN: MARKET SIZE & FORECAST 15.8.6. GREECE: MARKET SIZE & FORECAST 15.8.7. NETHERLANDS: MARKET SIZE & FORECAST 15.8.8. REST OF EUROPE: MARKET SIZE & FORECAST

16 NORTH AMERICA 16.1. MARKET OVERVIEW 16.2. MARKET SIZE & FORECAST 16.3. TYPE 16.3.1. MARKET SIZE & FORECAST 16.4. MOTORIZED YACHT 16.4.1. MARKET SIZE & FORECAST 16.5. APPLICATION 16.5.1. MARKET SIZE & FORECAST 16.6. SIZE 16.6.1. MARKET SIZE & FORECAST 16.7. HULL TYPE 16.7.1. MARKET SIZE & FORECAST 16.8. KEY COUNTRIES 16.8.1. US: MARKET SIZE & FORECAST 16.8.2. CANADA: MARKET SIZE & FORECAST

17 APAC 17.1. MARKET OVERVIEW 17.2. MARKET SIZE & FORECAST 17.3. TYPE 17.3.1. MARKET SIZE & FORECAST 17.4. MOTORIZED YACHT 17.4.1. MARKET SIZE & FORECAST 17.5. APPLICATION 17.5.1. MARKET SIZE & FORECAST 17.6. SIZE 17.6.1. MARKET SIZE & FORECAST 17.7. HULL TYPE 17.7.1. MARKET SIZE & FORECAST 17.8. KEY COUNTRIES 17.8.1. CHINA: MARKET SIZE & FORECAST 17.8.2. THAILAND: MARKET SIZE & FORECAST 17.8.3. SINGAPORE: MARKET SIZE & FORECAST 17.8.4. AUSTRALIA: MARKET SIZE & FORECAST 17.8.5. JAPAN: MARKET SIZE & FORECAST 17.8.6. INDONESIA: MARKET SIZE & FORECAST 17.8.7. MALAYSIA: MARKET SIZE & FORECAST 17.8.8. VIETNAM: MARKET SIZE & FORECAST 17.8.9. REST OF APAC: MARKET SIZE & FORECAST

18 MIDDLE EAST & AFRICA 18.1. MARKET OVERVIEW 18.2. MARKET SIZE & FORECAST 18.3. TYPE 18.3.1. MARKET SIZE & FORECAST 18.4. MOTORIZED YACHT 18.4.1. MARKET SIZE & FORECAST 18.5. APPLICATION 18.5.1. MARKET SIZE & FORECAST 18.6. SIZE 18.6.1. MARKET SIZE & FORECAST 18.7. HULL TYPE 18.7.1. MARKET SIZE & FORECAST 18.8. KEY COUNTRIES 18.8.1. UAE: MARKET SIZE & FORECAST 18.8.2. SAUDI ARABIA: MARKET SIZE & FORECAST 18.8.3. QATAR: MARKET SIZE & FORECAST 18.8.4. TURKEY: MARKET SIZE & FORECAST 18.8.5. KUWAIT: MARKET SIZE & FORECAST 18.8.6. EGYPT: MARKET SIZE & FORECAST 18.8.7. SOUTH AFRICA: MARKET SIZE & FORECAST 18.8.8. REST OF MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST

19 LATIN AMERICA 19.1. MARKET OVERVIEW 19.2. MARKET SIZE & FORECAST 19.3. TYPE 19.3.1. MARKET SIZE & FORECAST 19.4. MOTORIZED YACHT 19.4.1. MARKET SIZE & FORECAST 19.5. APPLICATION 19.5.1. MARKET SIZE & FORECAST 19.6. SIZE 19.6.1. MARKET SIZE & FORECAST 19.7. HULL TYPE 19.7.1. MARKET SIZE & FORECAST 19.8. KEY COUNTRIES 19.8.1. BRAZIL: MARKET SIZE & FORECAST 19.8.2. MEXICO: MARKET SIZE & FORECAST 19.8.3. ARGENTINA: MARKET SIZE & FORECAST 19.8.4. CHILE: MARKET SIZE & FORECAST 19.8.5. REST OF LATIN AMERICA: MARKET SIZE & FORECAST

20 COMPETITIVE LANDSCAPE 20.1. COMPETITION OVERVIEW

21 KEY COMPANY PROFILES 21.1. AZIMUT | BENETTI GROUP 21.1.1. BUSINESS OVERVIEW 21.1.2. PRODUCT OFFERINGS 21.1.3. KEY STRATEGIES 21.1.4. KEY STRENGTHS 21.1.5. KEY OPPORTUNITIES 21.2. FERRETTI 21.2.1. BUSINESS OVERVIEW 21.2.2. PRODUCT OFFERINGS 21.2.3. KEY STRATEGIES 21.2.4. KEY STRENGTHS 21.2.5. KEY OPPORTUNITIES 21.3. PRINCESS YACHTS 21.3.1. BUSINESS OVERVIEW 21.3.2. PRODUCT OFFERINGS 21.3.3. KEY STRATEGIES 21.3.4. KEY STRENGTHS 21.3.5. KEY OPPORTUNITIES 21.4. SANLORENZO 21.4.1. BUSINESS OVERVIEW 21.4.2. PRODUCT OFFERINGS 21.4.3. KEY STRATEGIES 21.4.4. KEY STRENGTHS 21.4.5. KEY OPPORTUNITIES 21.5. SUNSEEKER 21.5.1. BUSINESS OVERVIEW 21.5.2. PRODUCT OFFERINGS 21.5.3. KEY STRATEGIES 21.5.4. KEY STRENGTHS 21.5.5. KEY OPPORTUNITIES

22 OTHER PROMINENT VENDORS 22.1. HARGRAVE CUSTOM YACHTS 22.1.1. BUSINESS OVERVIEW 22.1.2. PRODUCT OFFERINGS 22.2. ABEKING & RASMUSSEN 22.2.1. BUSINESS OVERVIEW 22.2.2. PRODUCT OFFERINGS 22.3. THE ITALIAN SEA GROUP 22.3.1. BUSINESS OVERVIEW 22.3.2. PRODUCT OFFERINGS 22.4. AES YACHT 22.4.1. BUSINESS OVERVIEW 22.4.2. PRODUCT OFFERINGS 22.5. ALPHA YACHTS 22.5.1. BUSINESS OVERVIEW 22.5.2. PRODUCT OFFERINGS 22.6. PERMARE 22.6.1. BUSINESS OVERVIEW 22.6.2. PRODUCT OFFERINGS 22.7. ANTONINI NAVI 22.7.1. BUSINESS OVERVIEW 22.7.2. PRODUCT OFFERINGS 22.8. ARCADIA YACHTS 22.8.1. BUSINESS OVERVIEW 22.8.2. PRODUCT OFFERINGS 22.9. ARK YACHT 22.9.1. BUSINESS OVERVIEW 22.9.2. PRODUCT OFFERINGS 22.10. MONDOMARINE 22.10.1. BUSINESS OVERVIEW 22.10.2. PRODUCT OFFERINGS 22.11. ASTONDOA 22.11.1. BUSINESS OVERVIEW 22.11.2. PRODUCT OFFERINGS 22.12. UNIESSE MARINE GROUP 22.12.1. BUSINESS OVERVIEW 22.12.2. PRODUCT OFFERINGS 22.13. AVA YACHTS 22.13.1. BUSINESS OVERVIEW 22.13.2. PRODUCT OFFERINGS 22.14. BAGLIETTO 22.14.1. BUSINESS OVERVIEW 22.14.2. PRODUCT OFFERINGS 22.15. BALTIC YACHTS 22.15.1. BUSINESS OVERVIEW 22.15.2. PRODUCT OFFERINGS 22.16. BAYLISS BOATWORKS 22.16.1. BUSINESS OVERVIEW 22.16.2. PRODUCT OFFERINGS 22.17. BERING YACHTS 22.17.1. BUSINESS OVERVIEW 22.17.2. PRODUCT OFFERINGS 22.18. BERTRAM YACHTS 22.18.1. BUSINESS OVERVIEW 22.18.2. PRODUCT OFFERINGS 22.19. BILGIN YACHTS 22.19.1. BUSINESS OVERVIEW 22.19.2. PRODUCT OFFERINGS 22.20. KINGSHIP MARINE 22.20.1. BUSINESS OVERVIEW 22.20.2. PRODUCT OFFERINGS 22.21. GRAND BANKS YACHTS 22.21.1. BUSINESS OVERVIEW 22.21.2. PRODUCT OFFERINGS 22.22. WESTPORT YACHTS 22.22.1. BUSINESS OVERVIEW 22.22.2. PRODUCT OFFERINGS 22.23. FEADSHIP 22.23.1. BUSINESS OVERVIEW 22.23.2. PRODUCT OFFERINGS 22.24. OCEANCO. 22.24.1. BUSINESS OVERVIEW 22.24.2. PRODUCT OFFERINGS 22.25. HEESEN YACHTS SALES 22.25.1. BUSINESS OVERVIEW 22.25.2. PRODUCT OFFERINGS

23 REPORT SUMMARY 23.1. KEY TAKEAWAYS 23.2. STRATEGIC RECOMMENDATIONS

24 QUANTITATIVE SUMMARY 24.1. MARKET BY GEOGRAPHY 24.2. EUROPE: MARKET SIZE AND FORECAST 24.2.1. TYPE: MARKET SIZE & FORECAST 24.2.2. MOTORIZED YACHT: MARKET SIZE & FORECAST 24.2.3. APPLICATION: MARKET SIZE & FORECAST 24.2.4. SIZE: MARKET SIZE & FORECAST 24.2.5. HULL TYPE: MARKET SIZE & FORECAST 24.3. NORTH AMERICA: MARKET SIZE & FORECAST 24.3.1. TYPE: MARKET SIZE & FORECAST 24.3.2. MOTORIZED YACHT: MARKET SIZE & FORECAST 24.3.3. APPLICATION: MARKET SIZE & FORECAST 24.3.4. SIZE: MARKET SIZE & FORECAST 24.3.5. HULL TYPE: MARKET SIZE & FORECAST 24.4. APAC: MARKET SIZE & FORECAST 24.4.1. TYPE: MARKET SIZE & FORECAST 24.4.2. MOTORIZED YACHT: MARKET SIZE & FORECAST 24.4.3. APPLICATION: MARKET SIZE & FORECAST 24.4.4. SIZE: MARKET SIZE & FORECAST 24.4.5. HULL TYPE: MARKET SIZE & FORECAST 24.5. MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST 24.5.1. TYPE: MARKET SIZE & FORECAST 24.5.2. MOTORIZED YACHT: MARKET SIZE & FORECAST 24.5.3. APPLICATION: MARKET SIZE & FORECAST 24.5.4. SIZE: MARKET SIZE & FORECAST 24.5.5. HULL TYPE: MARKET SIZE & FORECAST 24.6. LATIN AMERICA: MARKET SIZE & FORECAST 24.6.1. TYPE: MARKET SIZE & FORECAST 24.6.2. MOTORIZED YACHT: MARKET SIZE & FORECAST 24.6.3. APPLICATION: MARKET SIZE & FORECAST 24.6.4. SIZE: MARKET SIZE & FORECAST 24.6.5. HULL TYPE: MARKET SIZE & FORECAST 24.7. MARKET BY SEGMENTATION 24.8. TYPE SEGMENTATION 24.8.1. MOTORIZED YACHT: MARKET BY GEOGRAPHY 24.8.2. SAILING YACHT: MARKET BY GEOGRAPHY 24.9. MOTORIZED YACHT MARKET 24.9.1. SUPER YACHT: MARKET BY GEOGRAPHY 24.9.2. FLYBRIDGE YACHT: MARKET BY GEOGRAPHY 24.9.3. SPORTS YACHT: MARKET BY GEOGRAPHY 24.9.4. LONG RANGE YACHT: MARKET BY GEOGRAPHY 24.9.5. OTHER YACHTS: MARKET BY GEOGRAPHY 24.10. APPLICATION SEGMENTATION 24.10.1. PRIVATE YACHT: MARKET BY GEOGRAPHY 24.10.2. COMMERCIAL YACHT: MARKET BY GEOGRAPHY 24.11. SIZE SEGMENTATION 24.11.1. 20 TO 50 METERS: MARKET BY GEOGRAPHY 24.11.2. UPTO 20 METERS: MARKET BY GEOGRAPHY 24.11.3. ABOVE 50 METERS: MARKET BY GEOGRAPHY 24.12. HULL TYPE SEGMENTATION 24.12.1. MONOHULL: MARKET BY GEOGRAPHY 24.12.2. DISPLACEMENT HULL: MARKET BY GEOGRAPHY 24.12.3. PLANING HULL: MARKET BY GEOGRAPHY 24.12.4. MULTIHULL: MARKET BY GEOGRAPHY 24.12.5. SPECIALIZED HULL: MARKET BY GEOGRAPHY

25 APPENDIX 25.1. RESEARCH METHODOLOGY 25.2. RESEARCH PROCESS 25.3. REPORT ASSUMPTIONS & CAVEATS 25.3.1. KEY CAVEATS 25.3.2. CURRENCY CONVERSION 25.4. ABBREVIATIONS

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Luxury Yacht Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Luxury Yacht Market Report is Segmented by Type (Sailing Luxury Yachts, Motorized Luxury Yachts, and Others), by Size (Up To 20 Meters, 20 To 50 Meters, and Above 50 Meters), by Application (Commercial and Private Use) and by Geography. The Report Offers Market Size and Forecasts for Luxury Yacht Market in USD Million for the Above Segments.

• Luxury Yacht Market Size

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Study Period	2019 - 2029
Market Size (2024)	USD 13.66 Billion
Market Size (2029)	USD 21.20 Billion
CAGR (2024 - 2029)	9.30 %
Fastest Growing Market	Europe
Largest Market	Europe

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Luxury Yacht Market Analysis

The Luxury Yacht Market size is estimated at USD 13.66 billion in 2024, and is expected to reach USD 21.20 billion by 2029, growing at a CAGR of 9.30% during the forecast period (2024-2029).

Factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of people, the emergence as a prominent destination for luxury yachts, and increasing tourist attractions and luxurious hotels are anticipated to drive the luxury yacht market. Moreover, technological advancements, innovative designs, and a commitment to environmental consciousness also drive the market.

With an increase in the income level of people living around the world, there is an increase in spending on recreational activities, which is driving the market.

For instance, the International Monetary Fund projects that China's economy will be nearly 40 percent larger by 2028. Similarly, in 2023, the recreation expenditure is expected to reach 552.8 billion in the United States. In addition, the natural landscape of countries that have a sea/ocean as a border, like the Netherlands, United Kingdom, and Italy, and increasing tourist attractions such as manmade islands skyscrapers in the United Arab Emirates attract a significant number of international tourists every year, especially from the affluent segment of the population. These countries are also preferred destinations for some promotional events and meetings, during which luxury yachts are leased. Therefore, the increase in recreational tourism is expected to positively influence the growth of the global luxury yacht market.

Furthermore, the luxury yacht market has entered the era of eco-consciousness. International Maritime Organization has directed international shipping to reduce CO2 emissions by 70% by 2050. As a result, builders and suppliers are working together to find sustainable solutions to reduce consumption at reasonable costs. Many high-net-worth and ultra-high-net-worth yacht owners are putting environmental impact first, spurring significant change in yacht building and innovation. This scenario has led to newer, lighter, and more fuel-efficient Yachts being developed and further deployed in the market.

Thus, the above factors, coupled with the deployment of new technologies in luxury yachts and high purchasing power, will drive market growth.

• Luxury Yacht Market Trends

Sailing Luxury Yacht to fuel Market Demand

• The target audience for the luxury yacht market is the ultra-rich individuals. The increasing number of high-net-worth individuals is expected to drive the market growth. According to Forbes, the United States recorded the highest number of billionaires at 735, followed by China (including Hong Kong and Macau)at 562. Moreover, the total number of billionaires has increased from 1665 in 2022 to 169 in 2023 in India. 
• According to the Bloomberg Billionaires Index, around 131 billionaires doubled their net worth during the pandemic. Additionally, the maximum number of ultra-high net worth individuals resided in the North American regions, and Europe is considered to be the fastest growing. Hence, with the global GDP on the rise and more billionaires stepping up, the luxury yacht market is expected to see a rise in the forecast period.
• Moreover, celebrities, CEOs, and business tycoons are the primary customers of the luxury yacht market; many of them are investing in luxury yachts for recreational use. For instance, in June 2023, Billionaire Eric Schmidt won the auction to buy a luxury Superyacht, which also contains a helipad valued at USD 68 million.
• The increase in the number of billionaires every year, coupled with an increase in wealth, which results in high purchasing power, will fuel the growth of the market.

Europe is Expected to be the Market Leader

• Europe is among the countries with one of the highest shares of billionaires globally and is considered to be the fastest growing in terms of billionaire's wealth. Scenic beauty countries like Greece and Italy are expected to be the market leader during the forecast period. A large number of tourists come to the region, and many parties are also organized on private yachts. Government initiatives to boost tourism in the region are the major factors for growth in the market.
• For instance, in December 2022, the European Union Council approved the European Agenda for Tourism 2030 to make European tourism more digital and greener. Sales of Yachts in 2021 were high, and a rise in demand made it hold a new record for yachts in 2022, as 606 yachts were introduced in the market. Moreover, countries such as Greece, Croatia, Spain, Italy, and France are top tourist destinations, with the rise in fishing activities and water sports being the major driving factors.
• Greece ranked 5th in the list of preferred European countries for the next trip among European travelers. There were approximately 30 million travelers visited Greece in 2022. However, in 2021, leisure travel generated the highest travel and tourism spending in Greece, accounting for 95 percent of the total expenditure. Furthermore companies are expanding their presence in the country to expand their market share. For instance, 
• In April 2023, Sea-Alliance, group announced the launched of it sister company in Greece. Through this expansion the company aims to cater the demand of the increasing demand of popular cruising destination in Greece. Sea-Alliance Group IKE is expected to provide yacht sales, yacht charter management, and yacht management. Furthermore, the company is also intends to use its marina management expertise to participate in upcoming public tenders in Greece.​
• Due to the rising trend of owing yachts among the ultra-rich, the European region is expected to witness significant growth in the forecast period.

Luxury Yacht Industry Overview

The Luxury Yacht market is fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Luxury Yacht market are Sinot Yacht, Feadship, Fr. Lürssen Werft GmbH & Co.KG, Fincantieri Yachts, and ISA Yachts. Many players are investing in new technologies to gain the upper hand over their competition and focusing on new launches. For instance,

• In December 2023, Italian shipyard Benetti has announced the launch of its latest 34.4-metre motor yacht from its shipyard in Viareggio, Known as White Rose, the 269GT. Powered by a pair of MTU engines, the yacht has a cruising speed of 14.5 knots, enabling a range of 1,500 nautical miles, and a top speed of 17 knots.
• In August 2023, Turkish builder Mazu Yacht launched the first unit in its 28.5-metre Mazu 92 DS series.

Luxury Yacht Market Leaders

Fr. Lürssen Werft GmbH & Co.KG

Sinot Yacht Architecture and Design

Fincantieri Yachts

*Disclaimer: Major Players sorted in no particular order

Luxury Yacht Market News

• October 2023: Four Seasons launched service to the ocean with the launch of Four Seasons Yachts, projected to sail in late 2025.
• January 2023: Accor announced the launch of the world's largest luxury sailing ship in 2026. The megayacht will have 54 suits.

Luxury Yacht Market Report - Table of Contents

1. INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Market Drivers

4.1.1 Surge in Trend of Yacht Tourism

4.2 Market Restraints

4.2.1 Higher Rentals During Peak Season

4.3 Porter's Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD)

5.1.1 Sailing Luxury Yacht

5.1.2 Motorized Luxury Yacht

5.1.3 Other Types

5.2 By Size

5.2.1 Up to 20 Meters

5.2.2 20 to 50 Meters

5.2.3 Above 50 Meters

5.3 Application

5.3.1 Commercial

5.3.2 Private

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Rest of North America

5.4.2 Europe

5.4.2.1 Germny

5.4.2.2 Italy

5.4.2.3 United Kingdom

5.4.2.4 France

5.4.2.5 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 India

5.4.3.2 China

5.4.3.3 Japan

5.4.3.4 South Korea

5.4.3.5 Rest of Asia-Pacific

5.4.4 Rest of the World

5.4.4.1 South America

5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles*

6.2.1 Feadship

6.2.2 Fr. Lürssen Werft GmbH & Co.KG

6.2.3 ISA Yachts

6.2.4 Sinot Yacht Architecture and Design

6.2.5 Fincantieri Yachts

6.2.6 Oceanco Yacht

6.2.7 Nobiskurg

6.2.8 Sunseeker

6.2.9 Christensen

6.2.10 Amels

6.2.11 Royal Huisman

6.2.12 Nobiskrug Yacht GmBH

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

Luxury Yacht Industry Segmentation

A luxury yacht, often known as a superyacht or megayacht, is a big and opulent pleasure vessel used for recreation. These yachts are either rented or purchased by the ultra-rich or by a firm for its employees.

The luxury yacht market is segmented by type (sailing luxury yachts, motorized luxury yachts, and other types), by size (up to 20 meters, 20 to 50 meters, and above 50 meters), by application (commercial and private use), and by geography (North America, Europe, Asia-Pacific, and the Rest of the World). 

The report offers market size and forecasts for the luxury yacht market in value (USD) for the above segments.

Type
		Sailing Luxury Yacht
		Motorized Luxury Yacht
		Other Types

By Size
		Up to 20 Meters
		20 to 50 Meters
		Above 50 Meters

Application
		Commercial
		Private

Geography
		North America United States Canada Rest of North America Europe Germny Italy United Kingdom France Rest of Europe Asia-Pacific India China Japan South Korea Rest of Asia-Pacific Rest of the World South America Middle-East and Africa Luxury Yacht Market Research FAQs How big is the luxury yacht market. The Luxury Yacht Market size is expected to reach USD 13.66 billion in 2024 and grow at a CAGR of 9.30% to reach USD 21.20 billion by 2029. What is the current Luxury Yacht Market size? In 2024, the Luxury Yacht Market size is expected to reach USD 13.66 billion. Who are the key players in Luxury Yacht Market? Fr. Lürssen Werft GmbH & Co.KG, Sinot Yacht Architecture and Design, ISA Yachts, Fincantieri Yachts and Feadship are the major companies operating in the Luxury Yacht Market. Which is the fastest growing region in Luxury Yacht Market? Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Which region has the biggest share in Luxury Yacht Market? In 2024, the Europe accounts for the largest market share in Luxury Yacht Market. What years does this Luxury Yacht Market cover, and what was the market size in 2023? In 2023, the Luxury Yacht Market size was estimated at USD 12.39 billion. The report covers the Luxury Yacht Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Yacht Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. What are the key challenges for the Luxury Yacht Industry? Key Challenges in the Luxury Yacht Market are: a) High initial cost b) High maintenance expenses c) Fluctuating fuel prices, and d) Environmental concerns Our Best Selling Reports Adhesives and Sealants Market Artificial Intelligence and Robotics in Aerospace and Defense Market Autonomous Ships Market Booster Compressor Market Facial Recognition Market Recombinant Protein Market RFID Market Smart Airport Market Spain Electricity Market Surgical Mask and Respirators Market Luxury Yachts Industry Report The global luxury yacht market is on a significant upswing, fueled by the growing interest of ultra-high-net-worth individuals in luxury cruising and yacht tourism. With a focus on exclusivity, advanced features, and luxurious amenities, luxury yachts serve both private and commercial purposes. The market sees a rising demand for motor yachts for their speed and spaciousness, while sailing yachts attract attention for their eco-friendliness and cost-effectiveness. The shift towards electrification highlights the industry's commitment to zero-emission, high-efficiency vessels, catering to the eco-conscious consumer. Supported by an increasing number of yacht shows and events that showcase innovations and strengthen industry connections, Europe and the Asia Pacific region emerge as significant markets, the latter being the fastest-growing due to rising disposable incomes and leisure interest. Despite environmental concerns, the industry's dedication to sustainable practices and compliance is poised to drive continuous growth. Statistics for the luxury yacht market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luxury yacht analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download. Luxury Yacht Market Report Snapshots Luxury Yacht Market Share Luxury Yacht Companies Please enter a valid email id! Please enter a valid message! Luxury Yacht Market Get a free sample of this report Please enter your name Business Email Please enter a valid email Please enter your phone number Business Email * Company Name * Please enter a company name Get this Data in a Free Sample of the Luxury Yacht Market Report Please enter your requirement Thank you for choosing us for your research needs! A confirmation has been sent to your email. Rest assured, your report will be delivered to your inbox within the next 72 hours. A member of our dedicated Client Success Team will proactively reach out to guide and assist you. We appreciate your trust and are committed to delivering precise and valuable research insights. Please be sure to check your spam folder too. Sorry! Payment Failed. Please check with your bank for further details. Add Citation APA MLA Chicago ➜ Embed Code X Get Embed Code Want to use this image? X Please copy & paste this embed code onto your site: Images must be attributed to Mordor Intelligence. Learn more About The Embed Code X Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement. In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server. What to expect from the yachting 2023 industry Home > LUXURY/UHNW Trends > What to expect from the yachting 2023 industry Posted by Gemma Harris 18 Jan 2023 2022 was the year that helped revive the global luxury yacht market following the pandemic and its varying travel restrictions. This year, key players are anticipating further growth and more exciting developments, building on the incredible growth seen in 2022. Staying relevant and on top of the yacht 2023 industry trends will be critical to a brand’s success in the year ahead. Getting ahead of new experiences and developments can put your brand in a more competitive position, helping you to reach and engage with new and existing customers.  So, what will happen this year in yachting, and how can you utilise the latest yacht trends to your advantage?  We consider and explore the latest trends, developments, and growth opportunities that we expect to see from the yacht industry in 2023. Luxury yachting 2023 ; the year ahead  1 – expedition yachts and remote destinations . Expedition yachts have become increasingly popular throughout the industry, and we expect this yacht market trend to continue this year. There are many reasons explorer yachts are increasingly popular, including the fact that they enable a deeper connection to exploring nature and our oceans, which is now high on clients’ agendas.  Previously, expedition yachts were designed with simple form and function in mind. Today yacht designers are combining ultimate comfort and luxury alongside high technology and capabilities, allowing adventure and the possibility of reaching the most remote and off-the-beaten-track destinations.  Much of this expedition demand comes from the influx of younger clients, demanding something different from the norm and established yacht itineraries. The industry’s favourite locations will begin to lessen in popularity while other, more remote areas will rise to the fore. Adventures onboard expedition yachts can be had in the Arctic, Antarctic, South Pacific, and remote Atlantic. These are challenging cruising grounds, but ones that are now accessible on the world’s finest expedition vessels.  2 – Boom in charter & new build The post-pandemic boom and other global supply chain factors have meant a record number of yachts on order or in build.  According to the latest figures from Boat International, there were more than 1,000 superyachts projects on global order books in 2022 – a rise of 24.7% compared to the previous year. Last year was the third year of consistent order book growth, and industry experts expect this trend to continue in 2023. There are now long waiting lists for new build yachts, which is one factor increasing the demand for the charter market.  Another factor resulting in charter market growth is the general increase and interest in the yachting industry, with more people trying it out and experimenting with travel options, driven by the desire to enjoy more exclusive and private travel experiences. The latest reports show that the global yacht charter market was valued at US$ 16.4 billion in 2021 and is expected to show a compounded annual growth rate of 25.6 between 2022 and 2030.   3 – Experiential yachting  What does experiential yachting mean? It simply means everything a yacht owner should enjoy onboard their vessel. Here are six key takeaways from the International Experiential Yachting Forum 2022: https://relevanceyacht.com/blog/the-best-experiential-yachting-forum-insights-2022/ 4 – Greener solutions  Improving the industry’s footprint has been one initiative creeping higher and higher up the agenda. These eco-friendly advancements, from advanced green propulsion systems to sustainable onboard materials and carbon footprint offsetting, are now front a centre, with boat shows , such as the annual Monaco Yacht Show, dedicating an entire exhibition to sustainable initiatives. This year will see further commitments and more alternative solutions coming to the fore.  With more brokerages promoting the sustainability features of their yachts, designers and builders are integrating more alternative solutions to the businesses and brands servicing the industry. Every stakeholder should address the industry’s environmental impact and how they can minimise this in 2023 and beyond.  5 – New technology  The technology used onboard superyachts today and in recent years has developed extensively. This year we will see this continue, improving and enhancing the yacht experience. In terms of everyday technology, smart yachts will be the norm, increasing efficiency and the onboard experience. We have already seen the dawn of paperless yachts with charts and the increased uptake in cloud-based platforms.  In terms of other yachting 2023 technologies, the role of AI is picking up the pace throughout the industry, specifically through developments within design and navigational technology. Alongside AI, the realms of VR are also gaining momentum within the industry, with uses also in yacht design and entertainment onboard. This year will see even more innovative entertainment solutions for onboard experiences, enabling a more immersive yachting experience.  6 – Emerging markets  The past couple of years has seen a general shift in the interest in the yachting sector, partly driven by the growing number of Ultra-High-Net-Worth Individuals over the past couple of years. The global number of UHNWIs peaked at more than 400,000 individuals in 2021, according to the Wealth-X report. While the number of UHNWIs dipped by around 6%  in 2022 (to 392,410) due to economic and political volatility, the number of global UHNWIs remains high compared to a decade ago.  Source: Wealth-X While North America and Europe remain the world’s largest yacht consumers, 2023 yacht industry trends point to new and emerging markets. These include Southeast Asia, where leading brokerages are now expanding to. Other noteworthy markets are Japan and Canada, with industry experts forecasting enhanced levels of growth. Alongside these emerging markets, particular sectors within the industry look favourable, such as the sailing and catamaran yacht markets.  7 –  GenZ influence  The Forbes 400 list last year identified 10 billionaires under 40. Over the next two decades, the average age of superyacht owners is predicted to be between 35 and 45. More younger clients will enter the 2023 yacht industry , whether for charter or purchase, and the influence of Gen Z will change the face of yachting.  The demands and experiences sought by this new target audience differ from the yachting industry’s traditional target audience. Younger clients demand bespoke and different design features with more innovative technology and a focus on wellness features. The use of the yacht will also change to meet this shift in the target audience, whether the vessel is used for remote working, adventure, or even philanthropy projects.  8 – Design tweaks  This year, 2023 yacht trends show that there will be further design shifts within the industry. The importance of sustainability and the need to conserve our oceans will continue to filter through to design. For designers to get ahead, they will need to use a more circular approach to design, using sustainable and responsible materials. Biophilic design will be more prominent throughout the industry, maximising natural light and merging the exterior and interior spaces onboard.  The younger generation will drive many of these design changes in how they want to use their yachts. For example, many expedition trips are usually longer; therefore, comfort will move higher up the agenda, replacing the traditional desire for a yacht as a status symbol. Clients will want to feel more at home and therefore include increased personalisation within the design, creating spaces where clients can switch off and feel comfortable.  The use of new technologies will also impact design features, predominately within the entertainment sector. Gone are standard AV systems; new entertainment technology concepts will evolve this year.  Relevance Yacht is an award-winning, full-service luxury digital marketing agency that works with the world’s leading luxury yacht brands. Our 360 marketing services include branding, S EO, paid and social advertising, media buying, social media, influencer marketing, PR, content marketing, and CRM . We help create a digital marketing strategy that aligns with current yachting 2023 industry trends. Contact Relevance Yacht to learn more. Read more articles by this author Today's news Reviews and deals Climate change 2024 election Newsletters Fall allergies Health news Mental health Sexual health Family health So mini ways Unapologetically Buying guides Entertainment How to Watch My watchlist Stock market Biden economy Personal finance Stocks: most active Stocks: gainers Stocks: losers Trending tickers World indices US Treasury bonds Top mutual funds Highest open interest Highest implied volatility Currency converter Basic materials Communication services Consumer cyclical Consumer defensive Financial services Industrials Real estate Mutual funds Credit cards Balance transfer cards Cash back cards Rewards cards Travel cards Online checking High-yield savings Money market Home equity loan Personal loans Student loans Options pit Fantasy football Pro Pick 'Em College Pick 'Em Fantasy baseball Fantasy hockey Fantasy basketball Download the app Daily fantasy Scores and schedules GameChannel World Baseball Classic Premier League CONCACAF League Champions League Motorsports Horse racing New on Yahoo Privacy Dashboard Captain Who Saw Sicily Yacht Sink Says Mike Lynch’s Wife Didn’t Want to Leave Scene Without Husband and Daughter Borner says rescued passengers, which included Angela Bacares — whose husband Mike Lynch and daughter Hannah didn't survive — said there were still people inside Courtesy of Karsten Borner Karsten Borner, the captain of the Sir Robert Baden Powel l, recalls the weather deteriorating rapidly in the early morning of Aug. 19 when the Bayesian sank He tells PEOPLE that he and his first mate located the survivors of the sinking aboard a raft Borner says survivor Angela Bacares didn’t initially want medical attention following her rescue because her husband Mike Lynch and their daughter "were still not found" The captain of a nearby boat who witnessed the Aug. 19 sinking of the luxury yacht amid a storm off the coast of Sicily says the wife of British tech billionaire Mike Lynch did not want to leave the scene until her husband and daughter were found. “When things calmed down and the storm abated somewhat and the wind dropped a bit, we were looking around and couldn't see the Bayesian anymore,” Karsten Borner , the captain of the Sir Robert Baden Powell , tells PEOPLE. “We checked the AIS [automatic identification system], and we also couldn't see the Bayesian anymore. Two passengers and two crew members saw what looked like a whale in the water and realized afterwards it was the capsized boat." “A moment later,” Borner continues, “I saw a triangle in the sea in a split second that the sky was lit up by lightning, and that must have been the bow of the ship while sinking over the stern.” The Bayesian , a 183-foot craft carrying 22 people, was anchored off the coast of Porticello in Sicily when it was hit by a “violent storm” and sank, according to the Italian coast guard. The bodies of seven people, among them Lynch and his daughter Hannah, were later recovered from the sunken vessel. Related: Could Open Hatches or a Large Mast Have Contributed to Sicily Yacht Sinking? What We Know So Far Borner, whose boat was nearby, tells PEOPLE that he noticed the weather deteriorated very rapidly around 3 a.m. local time on Aug. 19.  “The weather turned very quickly and reached us even more quickly,” he says. “And the Bayesian was there at the time. It was anchored like us. We kept an eye on it. We had turned the engine on to maintain our position in case the anchor didn’t hold and were carefully watching it to keep at a distance from it as well. We were the only two ships out in the bay.” According to Borner, the weather turned into heavy rain, wind and lightning for a brief period. Then, the captain and his crew saw the  Bayesian  sink. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories.  Borner and a passenger saw a red flare and then a white one. It prompted Borner and his first mate to board a tender, and they headed in the direction where the Bayesian had been. “We first found things floating in the water like cushions and chairs and stuff,” Borner continues. “And then we saw a flickering light. This was a life raft with a light on the top. And they also waved at us with a torch.” “So we went there, and then we found the crew and part of the passengers — 15 people in a 12-person raft, including a little baby ,” he adds. Related: Authorities Launch Manslaughter Investigation After Identifying the Victims of Sicily Yacht Tragedy Borner also noticed four injured people, including Lynch's wife and Hannah's mother, Angela Bacares. “This was after the storm had passed,” he says, “because the wind appeared very suddenly out of the blue and it also stopped very, very quickly. When it passed, it was quiet again. And that’s when we were able to go out to search.” He learned that the crew of the Bayesian gave first aid to those in the raft. The yacht survivors later boarded his ship, and his crew took care of them. “We helped them with bandages and stuff, and dry towels and a blanket for the baby,” Borner says. “We also handed out blankets to everyone and dry clothes and so on.” ALBERTO PIZZOLI/AFP via Getty The captain tells PEOPLE that he was busy contacting the coast guard and urging for medical help. “The coast guard hadn't arrived yet at that point,” Borner says, “but when we came back with the survivors, they had already been on the VHF radio and were asking for news of the Bayesian as they too noticed it had disappeared. It took some time for them to arrive, as they have one small in Porticello and the rest came from Palermo and elsewhere.” The survivors told Borner there were still people inside the capsized yacht, which led the tender to be sent out again. “They looked around at sea and obviously didn't find anything,” Borner says. Related: Friends Pay Tribute to Hannah Lynch as 6th Body Recovered from Sunken Sicily Yacht: 'Beautiful Soul' Borner says that the injured survivors were taken by the Italian coast guard and brought to waiting ambulances. “[Bacares] didn't want to leave because her husband and her daughter were still down," he adds. "She was picked up a little bit later because I asked the coast guard to take her as I thought she needed medical help. Then, over the course of the next two, three hours — [I] don't know exactly how much later — the coast guards came and the rest of the Bayesian people went away with them.” The exact cause of the yacht’s sinking remains unknown and there are several theories about what contributed to the disaster. Ambrogio Cartosio, the Chief Prosecutor of Termini Imerese, announced on Aug. 24 that authorities were launching  manslaughter and negligent shipwreck investigations in connection with the sinking. Meanwhile, the yacht’s captain, James Cutfield, 50, of New Zealand, had been interrogated for the third time by prosecutors, PEOPLE previously reported. For more People news, make sure to sign up for our newsletter! Read the original article on People . Recommended Stories Bodies of autonomy founder mike lynch and his daughter recovered from sunken bayesian yacht. Mike Lynch, the U.K. investor and founder of IT company Autonomy, has been identified as one of two bodies recovered from the Bayesian, the yacht that sunk off the coast of Sicily early Monday, according to several reports coming out of the country that cite the chief of Civil Protection, Salvo Cocina. The boat, registered to Lynch's wife, Angela Bacares, quickly capsized in the early hours of Monday after it was struck by a tornado-like water column. In a tragic coincidence, Chamberlain was hit by a car last Saturday and died of his wounds earlier this week. 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You'll never want your shower to end with these 9 accessories, all under $20 From a high-pressure rain head to a blissful back and foot scrubber, these spa-worthy finds are worth the wrinkly fingers. Shoppers say these sandals are comfier than Birkenstocks — they're down to $30 They feature ample arch support and a contoured footbed, and they've amassed over 58,000 five-star reviews. Many parents feel lonely and burned out — and the U.S. surgeon general is speaking out about it. 3 tips to get help. A recent survey finds that 66% of parents report feeling isolated and lonely. Now Dr. Vivek H. Murthy is issuing a health advisory about parents' mental health. We're snapping up these podiatrist-loved shoes and sandals, on sale from $30 for Labor Day Our expert-vetted picks offer comfort, support and style — and some are over 50% off during this deals event. 2025 Chevrolet Equinox First Drive: Steady as she goes The 2025 Chevrolet Equinox is not an exciting car, but it looks much better than it used to and comes with updated tech and safety equipment. Ina Garten loves Allbirds: Their comfy kicks are on rare sale for Labor Day 'Like walking on marshmallows,' said one fan. Lightweight and breathable, these sneaks will have your feet thanking you. Watch CBS News Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster By Aimee Picchi Edited By Anne Marie Lee Updated on: August 21, 2024 / 12:05 PM EDT / CBS News Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges .  On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News.  Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people.  But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied.  The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts. "I am looking forward to returning to the U.K. and getting back to what I love most — my family and innovating in my field," Lynch said in a statement after the verdict. Here's what to know about Lynch.  What company did Mike Lynch start? Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian. From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.") The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents. Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006. Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K.  "I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper.  What happened after Autonomy's acquisition by HP? At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman. HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged.  Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong." What happened with Mike Lynch's legal case? Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP. The jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate.  Who is Mike Lynch's wife?  Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC.  Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July. "We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month. — With reporting by the Associated Press. Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. More from CBS News Sunken yacht's captain, 2 crew reportedly under investigation in Italy What credit card users should know about the Fed rate cut Will Kroger and Albertsons be allowed to merge? Here's what to know. Debt forgiveness vs. debt management: Which is better for high credit card debt? Transportation & Logistics Yacht Charter Market "Market Intelligence for High-Geared Performance" Yacht Charter Market Size, Share & Industry Analysis, By Yacht Type (Motor Yacht, Sailing Yacht, and Others), By Yacht Size (Up to 40m, 40 to 60 m, and Above 60m), By End-use (Leisure, Business, and Others), By Contract Type (Bareboat and Crewed), and Regional Forecast, 2024-2032 Last Updated: August 12, 2024 | Format: PDF | Report ID: FBI105123 Segmentation Methodology Infographics Request Sample PDF KEY MARKET INSIGHTS The global yacht charter market size was valued at USD 7.74 billion in 2023. The market is projected to grow from USD 8.33 billion in 2024 to USD 15.53 billion by 2032, exhibiting a CAGR of 8.1% during the forecast period. A yacht charter service, which offers boat rentals for recreational and leisure pursuits, provides individuals with the opportunity to hire watercraft. Individuals or companies can privately own yachts, or they can be made available for rental. Yachts equipped with professional crews boast lavish amenities, making them suitable for both corporate and leisure use. These vessels provide a seamless luxury experience, adhering to the highest standards of comfort. Yachts are commonly used in activities such as sailing and fishing, particularly in European countries, offering a range of benefits from thrilling adventures to complete relaxation. In response to the increasing demand for marine tourism and water sports activities, original equipment manufacturers (OEM) consistently engage in innovation, developing yachts with high-speed capabilities and luxurious features. Yacht rental companies facilitate convenient access to charter vessels through online platforms and mobile applications, contributing to the expected market growth in the years to come. The imposition of travel restrictions and lockdowns during the COVID-19 pandemic in many regions had a direct impact on the yacht charter industry. Movement limitations and closed borders led to a decrease in international travel, affecting the demand for the product, especially in destinations that heavily rely on tourists. Yacht Charter Market Trends Growing Trends of Digital Platforms and Mobile Apps for Yacht Charter Booking to Drive the Market Growth Yacht charter companies have been increasingly leveraging digital platforms and mobile applications to streamline booking processes. These platforms offer convenient and transparent ways for clients to browse available yachts, compare prices, and make reservations. Digital platforms and booking apps prioritize user-friendly interfaces to ensure a seamless and convenient experience for clients. Intuitive navigation, high-quality visuals, and detailed information about each yacht contribute to an engaging and informative booking process. Moreover, tourists can browse and book yacht charters at their convenience through these digital platforms. The ability to view real-time availability, compare options, and complete reservations online streamlines the booking process, eliminating the need for extensive offline communication. Request a Free sample to learn more about this report. Yacht Charter Market Growth Factors Growing Popularity of Luxury and Marine Tourism to Fuel the Market Growth The increasing global affluence, particularly among high-net-worth individuals, has boosted demand for luxury experiences, including the product. These products are considered a premium and exclusive form of travel, attracting those seeking high-end and personalized leisure experiences. There is a broader trend toward experiential travel, where individuals seek unique and memorable experiences. The product aligns with this trend by offering the opportunity to explore picturesque destinations, indulge in personalized services, and enjoy a customized journey on the open seas. These products are increasingly popular for exploring specific destinations, coastal regions, and island-hopping experiences. The flexibility to visit multiple locations in a single trip and the allure of secluded or less-travelled destinations contribute to the expansion of the yacht charter market. Furthermore, technological advancements, including innovations in yacht design, propulsion systems, and onboard amenities, attract charter clients looking for the latest in luxury and comfort. The incorporation of eco-friendly technologies, such as hybrid or electric propulsion, also appeals to environmentally conscious travellers. RESTRAINING FACTORS High Costs of the Product May Hinder the Market Growth The yacht is available for rent at a base or weekly rate. Various factors, including the yacht type, crew requirements, charter destination, local taxes, and fundamental expenses influence the overall cost of a product. Consequently, a broad spectrum of basic rates for charters exists. Notably, charter rates span from USD 10,000 weekly for catamarans and smaller sailing yachts to as high as USD 150,000 weekly for the most opulent motor superyachts. It is essential to consider additional expenses, which are not compulsory but typically account for around 15-30% of the base fare. These hidden costs encompass taxes, value-added tax (VAT), insurance, crew gratuities, and prepayments for meals collected before the commencement of the charter. As an illustration, the Bahamas has introduced a new 10% VAT rate for all foreign-flagged charter yachts, applicable to contracts signed after July 1, 2022. Coupled with the existing 4% charter fee, this new addition brings the total additional cost to 14%. This amount functions akin to an expense account accessible to the captain during the charter. Such costs pose a hurdle for customers from developing countries, thereby placing constraints on the growth of the yacht charter market. Yacht Charter Market Segmentation Analysis By contract type analysis. Bareboat Segment Held a Major Market Share Due to High-Level of Autonomy Based on contract type, the market is segmented into bareboat and crewed. The bareboat segment held the largest share in 2023 due to the high level of autonomy offered by the bareboat to sailors, individuals or groups compared to crewed boats . Many enthusiasts prefer the hands-on experience of sailing, handling the yacht's operations, and navigating the waters themselves by using the bareboat. This demographic values the opportunity to showcase their sailing skills and enjoy a more intimate connection with the sea. Compared to crewed charters, bareboat charters are often more cost-effective. By eliminating the expense of a professional crew, charterers can allocate their budget more toward the yacht itself and other aspects of the trip. This affordability makes bareboat charters an attractive option for those looking to maximize their sailing experience within a specific budget. The crewed segment is experiencing significant growth due to growing demand for the luxurious experience. Crewed charters provide a high level of personalized service. The crew is trained to cater to the specific preferences and requirements of the charterers, creating a customized and memorable experience. From gourmet meals to personalized itineraries, the crew is dedicated to meeting the guests' expectations. By Yacht Size Analysis Up to 40m Segment Captures the Largest Share Due to the Flexibility & Affordability of Small Products Based on yacht size, the market is classified into up to 40m, 40 to 60m, and above 60m. The up to 40m segment accounts for the leading global market share due to its ease of manoeuvrability. Smaller yachts are generally more manoeuvrable, allowing them to access narrower waterways, shallow anchorages, and secluded bays that might be challenging for larger vessels. This flexibility enhances the variety of destinations and experiences available to charterers. Yachts in the up to 40-meter size range are often more cost-effective than larger vessels in terms of charter fees, operational costs, and maintenance. This makes them attractive to a broader audience, including those looking for a premium experience within a specific budget. The 40 to 60 m segment is expected to grow at a significant rate during the forecast period. The size of these yachts allows for the comfortable accommodation of larger groups, making them suitable for family vacations, group celebrations, or corporate events. Clients can enjoy the exclusivity of a private yacht charter while sharing the experience with a significant number of guests. To know how our report can help streamline your business, Speak to Analyst By Yacht Type Analysis Motor Yacht Segment Dominates the Market Owing to Speed and Efficiency Based on yacht type, the market is segmented into motor yacht, sailing yacht, and others. The motor yacht segment holds the largest share globally and is expected to retain its leading position in the market during the forecast period. Motor yachts are known for their speed and efficiency in covering long distances in shorter timeframes compared to sailing yachts. This appeals to charter clients who prioritize reaching multiple destinations quickly and maximizing their time for exploration and relaxation. Furthermore, the increasing number of sporting activities, boating events, and tournaments create a high demand for motor yachts. The sailing yacht segment is expected to show steady growth in the market during the forecast period owing to the growing demand for environment-friendly yachts among people. Sailing yachts are often considered more environmentally friendly compared to motor yachts, as they harness the power of the wind for propulsion. Charter clients with a focus on sustainable and eco-friendly travel are drawn to sailing charters as a greener alternative, aligning with their values and contributing to the appeal of a low-impact vacation. By End-use Analysis Leisure Segment Accounted for the Largest Market Share Due to the Rising Number of High Net worth Individuals By end-use, the market segmented into leisure, business, and others. The leisure segment held the major global market share in 2023 due to an increase in individuals' disposable income. There is an increasing inclination toward the luxury yacht rental industry, especially from high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) worldwide. Leisure yacht charting offers highly personalized experiences, allowing clients to tailor their itineraries, choose onboard activities, and enjoy customized services. This level of personalization caters to individuals and groups with specific preferences and desires. The business sector is witnessing a surge in popularity within the market, primarily because the yacht business operates on a straightforward concept, resembling other profit-oriented enterprises. Individuals belonging to higher income brackets or those with substantial tax liabilities are increasingly investing in yachts and actively managing them for profit, either through third-party management services or by direct involvement. Notably, in the U.S., buyers falling into the high-income tax brackets often opt for this ownership model. REGIONAL INSIGHTS Europe Dominated the Market Due to Well-Established Tourism Industry in the Region Geographically, the market is segmented into the Asia Pacific, Europe, North America, and the rest of the world. Europe Yacht Charter Market Size, 2023 (USD Billion) To get more information on the regional analysis of this market, Request a Free sample Europe held the largest yacht charter market share in 2023. The region offers a diverse range of coastal landscapes and picturesque destinations, making it highly attractive for yacht charterers. From the Mediterranean with its stunning islands to the rugged coastlines of the Adriatic and the historic charm of the French Riviera, Europe provides a rich variety of cruising grounds. It also has a well-established yachting infrastructure with numerous marinas, ports, and facilities catering to the needs of charters. The presence of a comprehensive network of services, including refuelling, maintenance, and support, contributes to the convenience and accessibility of yacht rentals in the region. North America secures the second-most significant position in the market, benefitting from its diverse coastlines that offer exceptional cruise destinations. The U.S. takes the lead within this regional market, primarily due to the presence of major charter hubs in the country. The Asia Pacific market is poised to exhibit the highest growth rate in the foreseeable future. This growth is attributed to rapid urbanization, elevating living standards, and increasing disposable income, influencing the evolution of individual preferences. The surge in popularity of recreational pursuits, including fishing and water sports in countries such as Thailand, Malaysia, Singapore, China, Japan, and Australia, coupled with the expanding maritime tourism sector, presents lucrative opportunities for companies. Furthermore, proactive government initiatives aimed at fostering maritime tourism, particularly in nations such as China and India, are anticipated to propel the market growth in the region. List of Key Companies in Yacht Charter Market Significant Product Offerings by Dream Yacht Charter to Enhance its Position Established in 2000 by Loic Bonnet, Dream Yacht Charter stands as a global leader in yacht expertise, specializing in charter management, brokerage, and private yacht ownership. Headquartered in Maryland, U.S., the company is recognized for its pioneering role in providing seamless charters, expert guidance, and tailored solutions. Renowned for introducing new sailing destinations, Dream Yacht Charter offers a diverse array of charter options, including Captain, Bareboat, Sabbatical, Crewed, and Cabined. With a fleet of over 1,000 yachts situated in approximately 60 locations worldwide, the company holds ownership of vessels from some of the world's largest yacht builders, such as Dufour, Aquila, and Fontaine Pajot. In 2019, Dream Yacht Charter initiated the MoreWomenAtSea campaign, aiming to encourage increased female participation in sailing and nautical education. Building on its commitment to diverse experiences, the company entered a partnership with river cruise specialist Les Canalous in February 2020, facilitating the expansion of boat holidays on canals throughout Europe. LIST OF KEY COMPANIES PROFILED: Worldwide Boat LLC (U.S.) Dream Yacht Group (U.S.) Northrop & Johnson (France) Sailo Inc. (Monaco) Camper & Nicholsons (Japan) Ocean Independence (Switzerland) Burgess Yachts (U.K.) The Moorings Limited (U.S.) Boatbookings (U.K.) Ritzy Charters LLC (U.S.) KEY INDUSTRY DEVELOPMENTS: July 2023: Northrop & Johnson added MAORIA Numarine Yacht to its fleet. The 85’4” (25.6m) yacht has been made available to cruise through France, including Corsica and Sardinia. The cost of charters starts from USD 59,390 per week, plus expenses. July 2023 : Camper & Nicholsons International Ltd added Eratosthenes to its charter CA fleet from Nautor’s Swan. The sailing yacht is 34.3m and accommodates six guests in three cabins, along with two Pullman berths especially suited to children. The yacht is available for charter in the Greek islands. April 2023: Ocean Independence added the 27m motor yacht A4 to its charter fleet. It can accommodate ten guests in 4 staterooms. In addition, three crew members run the yacht. January 2023: Burgess Yachts announced the addition of six new stunning yachts to its fleet. This new addition includes the luxury of M'BRACE to chic free spirit ENTERPRISE, elegant lady LIND to high octane ROX STAR. All these yacht helped the company to attrach more  tourists during the summer. January 2023: Dream Yacht Worldwide and Fountaine Pajot, builders of leading-edge luxury catamarans, announced their partnership to launch their fleet’s first collection of electric catamarans. The Aura 51 Smart Electric will be the first electric model introduced to the Dream Yacht Worldwide fleet and made available for chartering in Italy from April 2023 . REPORT COVERAGE The research report provides a detailed market analysis and focuses on key aspects such as leading companies, product types, and leading product applications. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth in recent years. An Infographic Representation of Yacht Charter Market To get information on various segments, share your queries with us Report Scope & Segmentation 2019-2032 2023 2024 2024-2032 2019-2022 CAGR of 8.1% from 2024 to 2032 Value (USD billion) Frequently Asked Questions Fortune Business Insights research report says that the market was valued at USD 7.74 billion in 2023 and is projected to reach USD 15.53 billion by 2032. The market is expected to register a growth rate of (CAGR) 8.1% during the forecast period. The growing popularity of recreational yachting and marine tourism activities is driving the market growth. Europe led the market in 2023. By yacht type, the motor yacht segment is leading the market. Worldwide Boat LLC, Dream Yacht Group and Northrop & Johnson are the leading players operating in the market. Craotia is dominating the yacht charter industry. 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I appreciate the timeliness and responsiveness of you and your team.” +1 424 253 0390 (US) +44 2071 939123 (UK) +91 744 740 1245 (APAC) [email protected] Request Sample The global yacht charter market size is projected to grow from $8.33 billion in 2024 to $15.53 billion by 2032, at a CAGR of 8.1% during the forecast period Read More at:- Advertisement Supported by Questions for Investigators Trying to Unravel Mystery of Luxury Yacht’s Sinking The investigators searching for answers about the shipwreck, leaving seven dead, face questions about extreme weather and possible human error or problems with the yacht itself. Share full article By Alan Yuhas More than 180 feet long, with a mast towering about 240 feet and a keel that could be lowered for greater stability, the Bayesian luxury yacht did not, in the eyes of its maker, have the vulnerabilities of a ship that would easily sink. “It drives me insane,” Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company that made the ship, said after its wreck last week. “Following all the proper procedures, that boat is unsinkable.” But the $40 million sailing yacht sank within minutes and with fatal results: seven dead, including the British technology billionaire Michael Lynch, his teenage daughter, four of Mr. Lynch’s friends and a member of the crew. Fifteen people, including the captain, escaped on a lifeboat. Mr. Lynch had invited family, friends and part of his legal team on a cruise in the Mediterranean to celebrate his acquittal in June of fraud charges tied to the sale of his company to the tech giant Hewlett-Packard. The Italian authorities have opened a manslaughter investigation, searching for answers from the survivors, the manufacturer and the wreck itself. They face a range of questions and possible factors. An ‘earthquake’ in the sky? When the Bayesian sank around 4 a.m. on Aug. 19, the waters in its area, about half a mile off the Sicilian port of Porticello, were transformed by an extremely sudden and violent storm, according to fishermen, a captain in the area and meteorologists. But what kind of storm is still a mystery, compounded by the fact that a sailing schooner anchored nearby did not have its own disaster. Also unclear is whether the crew was aware that the Italian authorities had issued general warnings about bad weather the night before. Karsten Börner, the captain of the nearby passenger ship, said he’d had to steady his ship during “really violent” winds . During the storm, he said, the Bayesian seemed to disappear behind his ship. Severe lightning and strong gusts were registered by the Italian Air Force’s Center for Aerospace Meteorology and Climatology, according to Attilio Di Diodato, its director. “It was very intense and brief in duration,” he said. The yacht, he said, had most likely been hit by a fierce downburst — a blast of powerful wind surging down during a thunderstorm. His agency put out rough-sea warnings the previous evening, alerting sailors about possible storms. Locals have said the winds “felt like an earthquake.” A fisherman in Porticello said that he had seen a flare go off in the early-morning hours. His brother ventured to the site once the weather had calmed about 20 minutes later, he said, finding only floating cushions. The Italian authorities have so far declined to say whether investigators had seen any structural damage to the hull or other parts of the ship. Open hatches or doors? The boat executive, Mr. Costantino, has argued that the Bayesian was an extremely safe vessel that could list even to 75 degrees without capsizing. His company, the Italian Sea Group, in 2022 bought the yacht’s manufacturer, Perini Navi, which launched the ship in 2008. Mr. Costantino said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, would be to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck. At a news conference on Saturday, almost a week after the sinking, investigators said the yacht had sunk at an angle , with its stern — where the heavy engine was — having gone down first. The wreck was found lying on its right side at the bottom of a bay, about 165 feet deep. 12 guests occupied the yacht’s six cabins. There were also 10 crew members. Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer. Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer. Source: Superyacht Times, YachtCharterFleet, MarineTraffic By Veronica Penney Water pouring into open hatches or doors could have contributed to the sinking, experts say, but that on its own may not account for the speed at which such a large boat vanished underwater. Asked about the hatches at the news conference, the authorities declined to comment on whether they had been found open at the wreck. The authorities have also not specified whether the boat had been anchored, whether it was under power at the time or whether its sails had been unfurled. A retracted keel? The Bayesian had a keel — the fin-like structure beneath a boat that can help stabilize it — that could be retracted or extended, according to its manufacturer. On some yachts, keels can be raised to let the large vessel dock in shallower water, and extended downward to help keep a boat level. But like the hatches, the status of the keel alone may not explain why a large ship sank with such precipitous speed. Investigators have not disclosed what divers may have seen at the wreck, aside from saying divers had faced obstacles like furnishings and electrical wiring in tight quarters. Officials want to raise the wreck to better examine it, a process that may take weeks. Human error? Ambrogio Cartosio, the prosecutor in charge of the case, said at the news conference that it was “plausible” crimes had been committed, but that investigators had not zeroed in on any potential suspects. “There could be responsibilities of the captain only,” he said. “There could be responsibilities of the whole crew. There could be responsibilities of the boat makers. Or there could be responsibilities of those who were in charge of surveilling the boat.” It remains unclear what kind of emergency training or preparation took place before the disaster, or what kind of coordination there was during it. So far, none of the surviving crew members have made a public statement about what happened the night the ship sank. Prosecutors said they want to ask more questions of the captain and crew, who have been in a Sicilian hotel with other survivors. They said that neither alcohol nor drug tests had been performed on crew members, and that they have been allowed to leave Italy. Prosecutors also said they were also investigating why the captain, an experienced sailor, left the sinking boat while some passengers were still on board. Besides possible manslaughter charges, the authorities are investigating the possibility of a negligently caused shipwreck. The bodies of five passengers were found in one cabin, on the left side of the yacht, the authorities said. The five were most likely trying to flee to the higher side of the boat and were probably sleeping when the boat started to sink, they said. Ship captain who saw Mike Lynch’s yacht sink blames ‘extreme mast’ An eye witness to the sinking of British tech entrepreneur  Mike Lynch ‘s yacht on Monday attributed the tragedy to the extremely tall mast, which made the vessel more vulnerable to the violent storm that was lashing the area. Dutch ship captain Karsten Börner, whose own boat was anchored near Lynch’s Bayesian , told the Financial Times that the superyacht appeared to have stability problems. “The center of gravity is too high with this extreme mast,” he explained, while also dismissing the Italian coast guard’s initial view that the Bayesian was in the wrong place at the wrong time. “I was on the same spot,” Börner added. “I have two masts and they are 28 and 29 meters above deck, she has one, 73 meters (239.5 feet) above deck.” Authorities are looking into  possible reasons Lynch’s yacht quickly sank , when other boats nearby seemed to weather the same storm without issue. The 56-meter long superyacht had been carrying 22 passengers and crew. Börner rescued 15 passengers and said they told him the ship sank in less than two minutes. He also described the wind as “violent, very violent,” telling the FT that the wind speed likely reached hurricane strength as “tons of water” came down. “I never saw that before, there was a water tornado,” he said. The CEO of the Italian Sea Group, which owns the company that built the Bayesian , previously told the FT that it was designed to be stable with its tall mast and suggested the crew didn’t carry out proper safety measures. But Börner said the crew told him they “closed the ship,” according to the FT . The Italian Sea Group didn’t immediately respond to Fortune’s request for comment on Börner’s remarks and declined to comment to the FT . Meanwhile, prosecutors in Italy have launched a probe into the shipwreck and multiple counts of culpable homicide, which are equivalent to manslaughter charges. The Italian coast guard also confirmed Friday that it had recovered the body of Lynch’s 18-year-old daughter, Hannah. In addition to Lynch and his daughter, the other victims included  Morgan Stanley  International chair Jonathan Bloomer and his wife, Judy Bloomer; Clifford Chance lawyer Chris Morvillo and his wife, American jewelry designer Neda Morvillo; and chef Recaldo Thomas. On Saturday, Italian prosecutors told reporters that the emergency began at 4:38 a.m. local time , when a red flare was launched and seen by the coast guard, adding that the passengers were likely asleep at the time.   Deputy prosecutor Raffaele Cammarano told reporters that a crew member had been on duty, as required, when the “truly sudden” storm struck. Chief prosecutor Ambrogio Cartosio   said ship-tracking data showed the yacht started to drift from anchor just before 4 a.m., then traveled about 360 meters over five minute to the spot where it eventually sank some 15 minutes after that. Latest in Tech AI is changing the world, and Nvidia’s billionaire CEO Jensen Huang is banking on it Landmark bill aimed at stopping AI from causing ‘severe harm’ passes a critical hurdle in California CrowdStrike CEO celebrates ‘resilient’ earnings after causing a global outage that some feared would kill his business Nvidia blows past expectations with record Q2 earnings but shares fall Tesla scrubs Elon Musk’s original brainchild manifesto from its website Google now uses AI to moderate staff meetings and employees say it asks softball questions Most popular. China fast-fashion retailer Temu soared like a rocket for two years—in just a few hours, its parent company lost more than $50 billion in market value Billionaire Autonomy cofounder Mike Lynch’s and Stephen Chamberlain’s careers were intertwined for years in a fraud trial. Then they died on the same day miles apart Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions Australia gives workers the right to ignore their bosses outside of work hours—but employers call the rule ‘rushed’ and ‘deeply confusing’ Red Lobster’s new leader is a millennial Wall Street fave who doesn’t believe in work-life balance Lowe’s followed Tractor Supply, Harley Davidson and John Deere in backing off DEI initiatives Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily (updated) Update 2 : His body has now been identified. Story here . Update : Authorities have yet to access the inside of the sunken yacht, and Mike Lynch is still classified as missing. Other details have emerged in the interim. The accident appears to have been caused by a major storm and a resulting tornado-like water column that ensnared and damaged the yacht. Among the other six people still missing are Lynch’s 18-year-old daughter and Morgan Stanley International chairman Jonathan Bloomer. The voyage was to celebrate Lynch being acquitted of criminal charges in the U.S., and several members of his legal team were also on board. (The ship was registered to Lynch’s wife, one of the survivors.) By a terrible coincidence, the other person acquitted in Lynch’s trial — Autonomy’s finance head Stephen Chamberlain — had died just a few days before when he was hit by a car while out jogging. Original article continues below. Mike Lynch, the investor and high-profile founder of U.K. tech firm Autonomy, has been declared missing at sea after the yacht he was on, the Bayesian , capsized in a storm off the coast of Sicily early Monday morning. TechCrunch confirmed with a source close to the rescue operation that Lynch is one of six people missing from the boat. Lynch’s wife, Angela Bacares, is one of the 15 who have been rescued. One body has been found. The news is a dramatic, tragic development for one of the more colorful, and sometimes controversial, figures in technology out of the U.K. Lynch’s enterprise technology firm Autonomy was acquired in 2011 by HP for $11 billion — a major milestone for U.K. technology. But it quickly turned sour, and HP sued Lynch and other executives at the company, arguing it was misled in the transaction. HP claimed that the deal led to a $4 billion loss — money it then demanded from Lynch and his former CFO. Lynch (pictured above, left) long asserted that he acted in good faith and that he was being made into a scapegoat over a merger gone bad. That legal drama went on for more than a decade and involved a host of other thorny chapters, including Lynch’s extradition to the U.S. and a lot of very bad publicity for Lynch. It also led to a second civil case that took place in 2022 in the U.K., which Lynch lost. The U.S. criminal case, where Lynch was charged with 15 counts of fraud and conspiracy, went to trial earlier this year in San Francisco. Finally, in June, Lynch was acquitted . “I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last ten weeks. My deepest thanks go to my legal team for their tireless work on my behalf,” Lynch said at the time. “I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field.” In the interim years, Lynch built up a profile in the U.K. as an investor, most prominently as the founder of Invoke Capital . The VC firm was the biggest investor in cybersecurity firm Darktrace, a connection that was not without its own controversy . It also invested in Sophia Genetics , Featurespace and Luminance, among others. And it appeared that this is the route that he was set to continue. Our thoughts go out to his family, friends and colleagues. 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Global Yacht Market Size, Share & Trends Analysis Report by Type (Super The global yacht market size is anticipated to reach USD 13.29 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030. The global market encompasses the design, construction, sale, and servicing of luxury watercraft ranging from small recreational boats to superyachts exceeding 100 feet in length. Yacht Market Size, Share, Trends The Yacht Market is expected to reach a value of USD 16.80 billion by the year 2032. This growth is projected to have a CAGR of 5.80% from 2024 to 2032. In 2023, the Yacht Market was valued at USD 10.3 billion. The International Monetary Fund predicts a 40% growth in China's economy by 2028. Global Yacht Industry Assessment and Forecast, 2026 Global Yacht Industry Market to Reach US$10.8 Billion by the Year 2026. ... growth in the Sport Yacht segment is readjusted to a revised 7.3% CAGR for the next 7-year period. This segment ... Yacht Market Size, Share, Trends & Growth Analysis Report 2030 Yacht Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report 2023-2030. Yacht Market was valued at USD 9,407 million in 2022 and is anticipated to touch USD 14,111 Million in 2030 and is expected to register a CAGR of 5.2% during the forecast period. Yacht Market: Global Industry Analysis and Forecast (2024-2030) Yacht Market size was valued at US$ 11.92 Bn in 2023 and is expected to reach US$ 18.63 Bn by 2030.Yacht Market is expected to grow at a CAGR of 6.58% through the forecast period. Yacht Market Overview A yacht is a sailing or power vessel used for pleasure, cruising, or racing. The Future of the Global Yachting Market in 2024 Market Size & Growth Projections. The global yachting market was valued at approximately $47.5 billion in 2021. The market is projected to grow at a CAGR of 4.2% between 2022 and 2024, reaching nearly $54 billion by 2024. The largest regional markets currently are: - North America - $16.8 billion. - Europe - $15.9 billion. Yacht Market Size, Growth, Demand Forecast Report 2029 The global yacht market was valued at USD 26.00 billion in 2023 and is expected to reach USD 40.40 billion by 2029, growing at a CAGR of 7.62% during the forecast period. Several trends are driving the growth of the global yacht industry. Customization and personalization have become crucial, with owners seeking unique designs and features that ... Yacht Market Report 2022 Luxury yacht market report 2022: Relevance digs deep into the future of the superyacht industry, from sustainability to luxury travel trends. ... Global wealth grew significantly in 2020 and 2021, and according to the SYT iQ 2021 Market Report, new yacht sales also saw substantial growth worldwide. According to Wealth-X, a total of 670 ... Yacht Charter Market The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period. The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic. Luxury Yacht Market The Luxury Yacht Market is expected to reach USD 13.66 billion in 2024 and grow at a CAGR of 9.30% to reach USD 21.20 billion by 2029. Fr. Lürssen Werft GmbH & Co.KG, Sinot Yacht Architecture and Design, ISA Yachts, Fincantieri Yachts and Feadship are the major companies operating in this market. Yacht Charter Market Size & Trends Analysis Report, 2020-2027 Report Overview. The global yacht charter market size was valued at USD 6.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. The growing preference among travelers for luxury marine tourism and personalized services are the primary factors that are fueling the growth. The latest yacht market trends Yacht market trends: sales. Yacht sales continue to be robust. 2021 saw an astonishing 72 vessels with price increases, breaking historical records and this trend is continuing in 2022. The most recent YATCO data - from May 2022 - shows that a total of 100 yachts were sold in this month alone, with a combined asking price of more than US ... Yachting 2023, tips and trends The latest reports show that the global yacht charter market was valued at US$ 16.4 billion in 2021 and is expected to show a compounded annual growth rate of 25.6 between 2022 and 2030. 3 - Experiential yachting What does experiential yachting mean? It simply means everything a yacht owner should enjoy onboard their vessel. Captain Who Saw Sicily Yacht Sink Says Mike Lynch's Wife Didn ... Meanwhile, the yacht's captain, James Cutfield, 50, ... Salesforce CEO Marc Benioff says his company remains as committed to profit growth and AI innovation as ever. Yahoo Sports. Pembroke Port: £60m dock revamp for role in marine energy growth The town itself was founded as a Royal Navy dockyard in 1814, and five Royal Yachts were among the many ships built there. Later it became the world's largest military flying boat station during ... Here's what to know about Mike Lynch, the tech tycoon missing in the Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006. Yacht Charter Market Size, Share The global yacht charter market size was valued at USD 7.74 billion in 2023. The market is projected to grow from USD 8.33 billion in 2024 to USD 15.53 billion by 2032, exhibiting a CAGR of 8.1% during the forecast period. A yacht charter service, which offers boat rentals for recreational and leisure pursuits, provides individuals with the ... Questions for Investigators as Italy Tries to Unravel the Yacht's But the $40 million sailing yacht sank within minutes and with fatal results: seven dead, including the British technology billionaire Michael Lynch, his teenage daughter, four of Mr. Lynch's ... Mike Lynch yacht sinking: Witness blames 'extreme mast' Mike Lynch in London in 2011. Yui Mok—PA Images via Getty Images An eye witness to the sinking of British tech entrepreneur Mike Lynch's yacht on Monday attributed the tragedy to the extremely ... Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing Mike Lynch, the investor and high-profile founder of U.K. tech firm Autonomy, has been declared missing at sea after the yacht he was on, the Bayesian, capsized in a storm off the coast of Sicily ... Russian economy shows solid growth despite Ukraine war sanctions Driven by military production, industrial output rose by 3.3% in July compared with a 2.7% increase the previous month, and by 4.8% since the start of the year, compared with 3.1% growth in the ... catamaran gulet motorboat powerboat riverboat sailboat trimaran yacht