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Luxury Yacht Market 2019 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2026

Pressmeddelande   •   Mar 17, 2020 18:10 CET

The main objective of this report is to define, describe, and forecast the global Luxury Yacht market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in Luxury Yacht market.

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The global luxury yacht market size was garnered $5.87 billion in 2018 and is estimated to reach $10.78 billion by 2026, growing at a CAGR of 7.9% from 2019 to 2026.

Surge in number of individuals with high net worth, chartering of yachts, and increase in yacht tourism facilitate the growth in the global luxury yacht market. On the other hand, strict environmental policies and regulations of government along with surge in maintenance costs restrict the market growth. Contrarily, increase in inclination toward leisure and recreational activities and seamless luxury experience create new pathways in the industry.

121-250 feet segment estimated to maintain its leadership position in terms of revenue

Based on size, the 121-250 feet segment accounted for nearly half of the total share, and is estimated to maintain its leadership position in terms of revenue throughout the forecast period. This is due to ability to carry out high customizations for target audience. However, the above 250 feet segment is expected to grow at the highest CAGR of 9.4% from 2018 to 2026, owing to ease in handling with implementation of hydraulics and push-button electrics.

Motorized luxury yacht segment to maintain its dominance by 2026

Based on type, the motorized luxury yacht segment accounted for nearly two-thirds of the total market share in 2017 and will maintain its dominance by 2026. This segment is expected to register the fastest growth rate with a CAGR of 8.3% from 2018 to 2026. It is a lucrative segment, owing to simpler operation as compared to its counterparts and its ability to cover distance in less time. The research also analyzes sailing luxury yacht and others.

Fiber reinforced polymers/composites segment to be lucrative

Based on material, the fiber reinforced polymers/composites segment is lucrative, contributing more than two-thirds of the total share in 2017 and registering the fastest CAGR of 8.5% from 2018 to 2026. This is due to its light weight nature that enables increased speed, increased payload, and lowered of fuel consumption. Moreover, it possesses low stiffness and high corrosion resistance. The research also explores metal/alloys and other materials.

Europe to contribute the highest revenue by 2026

Europe held the largest market share in 2017, accounting for more than two-thirds of the total share. This is due to presence of leading manufacturers in European countries such as Italy and the U.K. However, Asia-Pacific is expected to register the highest CAGR of 8.7% from 2018 to 2026, owing to surge in demand, enhanced infrastructure, and ease in availability of raw materials.

Leading market players

Leading market players analyzed in the research include Alexander Marine Co. Ltd., Azimut Benetti S.p.A., Damen Shipyards Group, FERRETTI S.P.A., Feadship, Princess Yachts International plc, Horizon Yacht USA, Sunseeker International Limited, Sanlorenzo Spa, and Viking Yacht Company.

Segmentation:

By Size
75-120 feet
121-250 feet
Above 250 feet

By Type
Sailing Luxury Yacht
Motorized Luxury Yacht
Others

By Material
FRP/Composites
Metal/Alloys
Others

The report analyzes and forecasts the luxury yacht market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global luxury yacht market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the luxury yacht market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of luxury yacht market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Report coverage

  • Analysis Period: 2015 – 2026
  • Base Year: 2018
  • Forecast Data: 2019 – 2026
  • Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global luxury yacht capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key luxury yacht manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Content

Section 1: INTRODUCTION


1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY


1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models


Section 2: EXECUTIVE SUMMARY


2.1. CXO PERSPECTIVE


Section 3: MARKET LANDSCAPE


3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS


3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTER'S FIVE FORCES ANALYSIS


3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power of buyers


3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS


3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities


Section 4: LUXURY YACHT MARKET BY SIZE


4.1. OVERVIEW
4.2. 75-120 FEET


4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market volume and forecast by region
4.2.4. Market analysis by country


4.3. 121-250 FEET


4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market volume and forecast by region
4.3.4. Market analysis by country


4.4. ABOVE 250 FEET


4.4.1. Key market trends, Growth factors and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market volume and forecast by region
4.4.4. Market analysis by country


Section 5: LUXURY YACHT MARKET BY TYPE


5.1. OVERVIEW
5.2. SAILING LUXURY YACHT


5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country

5.3. MOTORIZED LUXURY YACHT


5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country


5.4. OTHERS


5.4.1. Key market trends, Growth factors and opportunities
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country


Section 6: LUXURY YACHT MARKET BY MATERIAL


6.1. OVERVIEW
6.2. FIBER REINFORCED POLYMER/COMPOSITES


6.2.1. Key market trends, Growth factors and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country


6.3. METAL/ALLOYS


6.3.1. Key market trends, Growth factors and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country


6.4. OTHERS


6.4.1. Key market trends, Growth factors and opportunities
6.4.2. Market size and forecast by region
6.4.3. Market analysis by country


Section 7: LUXURY YACHT MARKET BY REGION


7.1. OVERVIEW
7.2. AMERICAS


7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast by Size
7.2.3. Market size and forecast by Type
7.2.4. Market size and forecast by Material
7.2.5. Market size and forecast by Country
7.2.6. U.S. LUXURY YACHT MARKET


7.2.6.1. Market size and forecast by Size
7.2.6.2. Market size and forecast by Type
7.2.6.3. Market size and forecast by Material

7.2.7. BRAZIL LUXURY YACHT MARKET


7.2.7.1. Market size and forecast by Size
7.2.7.2. Market size and forecast by Type
7.2.7.3. Market size and forecast by Material


7.2.8. REST OF AMERICAS LUXURY YACHT MARKET


7.2.8.1. Market size and forecast by Size
7.2.8.2. Market size and forecast by Type
7.2.8.3. Market size and forecast by Material


7.3. EUROPE


7.3.1. Key market trends and opportunities
7.3.2. Market size and forecast by Size
7.3.3. Market size and forecast by Type
7.3.4. Market size and forecast by Material
7.3.5. Market size and forecast by Country
7.3.6. ITALY LUXURY YACHT MARKET


7.3.6.1. Market size and forecast by Size
7.3.6.2. Market size and forecast by Type
7.3.6.3. Market size and forecast by Material

7.3.7. NETHERLANDS LUXURY YACHT MARKET


7.3.7.1. Market size and forecast by Size
7.3.7.2. Market size and forecast by Type
7.3.7.3. Market size and forecast by Material


7.3.8. UNITED KINGDOM LUXURY YACHT MARKET


7.3.8.1. Market size and forecast by Size
7.3.8.2. Market size and forecast by Type
7.3.8.3. Market size and forecast by Material


7.3.9. REST OF EUROPE LUXURY YACHT MARKET


7.3.9.1. Market size and forecast by Size
7.3.9.2. Market size and forecast by Type
7.3.9.3. Market size and forecast by Material


7.4. ASIA PACIFIC


7.4.1. Key market trends and opportunities
7.4.2. Market size and forecast by Size
7.4.3. Market size and forecast by Type
7.4.4. Market size and forecast by Material
7.4.5. Market size and forecast by Country

7.4.6. AUSTRALIA AND NEW ZEALAND LUXURY YACHT MARKET


7.4.6.1. Market size and forecast by Size
7.4.6.2. Market size and forecast by Type
7.4.6.3. Market size and forecast by Material


7.4.7. CHINA LUXURY YACHT MARKET


7.4.7.1. Market size and forecast by Size
7.4.7.2. Market size and forecast by Type
7.4.7.3. Market size and forecast by Material


7.4.8. TAIWAN LUXURY YACHT MARKET


7.4.8.1. Market size and forecast by Size
7.4.8.2. Market size and forecast by Type
7.4.8.3. Market size and forecast by Material


7.5. MIDDLE EAST AND AFRICA


7.5.1. Key market trends and opportunities
7.5.2. Market size and forecast by Size
7.5.3. Market size and forecast by Type
7.5.4. Market size and forecast by Material
7.5.5. Market size and forecast by Country

7.5.6. QATAR LUXURY YACHT MARKET


7.5.6.1. Market size and forecast by Size
7.5.6.2. Market size and forecast by Type
7.5.6.3. Market size and forecast by Material


7.5.7. SOUTH AFRICA LUXURY YACHT MARKET


7.5.7.1. Market size and forecast by Size
7.5.7.2. Market size and forecast by Type
7.5.7.3. Market size and forecast by Material


7.5.8. TURKEY LUXURY YACHT MARKET


7.5.8.1. Market size and forecast by Size
7.5.8.2. Market size and forecast by Type
7.5.8.3. Market size and forecast by Material


7.5.9. UAE LUXURY YACHT MARKET


7.5.9.1. Market size and forecast by Size
7.5.9.2. Market size and forecast by Type
7.5.9.3. Market size and forecast by Material

Section 8: COMPANY PROFILES


8.1. ALEXANDER MARINE CO LTD


8.1.1. Company overview
8.1.2. Business performance
8.1.3. Key strategic moves and developments


8.2. DAMEN SHIPYARDS GROUP


8.2.1. Company overview
8.2.2. Business performance
8.2.3. Key strategic moves and developments


8.3. AZIMUT BENETTI S.P.A.


8.3.1. Company overview
8.3.2. Business performance
8.3.3. Key strategic moves and developments


8.4. FEADSHIP


8.4.1. Company overview
8.4.2. Business performance
8.4.3. Key strategic moves and developments

8.5. FERRETTI S.P.A.


8.5.1. Company overview
8.5.2. Business performance
8.5.3. Key strategic moves and developments


8.6. HORIZON YACHT USA


8.6.1. Company overview
8.6.2. Business performance
8.6.3. Key strategic moves and developments


8.7. PRINCESS YACHTS INTERNATIONAL PLC


8.7.1. Company overview
8.7.2. Business performance
8.7.3. Key strategic moves and developments


8.8. SANLORENZO SPA


8.8.1. Company overview
8.8.2. Business performance
8.8.3. Key strategic moves and developments

8.9. SUNSEEKER INTERNATIONAL LIMITED


8.9.1. Company overview
8.9.2. Business performance
8.9.3. Key strategic moves and developments


8.10. VIKING YACHT COMPANY


8.10.1. Company overview
8.10.2. Business performance
8.10.3. Key strategic moves and developments

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