 |
| Superyacht Market |
The global Superyacht Market is estimated to be valued at US$ 7.67 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Superyachts are large recreational vessels ranging from 24 to 100 meters in
length. They offer luxurious amenities like swimming pools, hot tubs, gyms, and
large open decks. The growing luxury tourism industry and wealthy population
has fueled the demand for superyachts in recent years.
Market key trends:
The luxury superyacht segment, which comprises vessels over 80 meters in
length, is witnessing highest growth. These giant yachts offer lavish spaces,
helicopter pads, and amenities like underwater lounges. They can cost over $100
million and can accommodate up to 30 guests along with crew of 50-100. Factors
like lenient maritime laws, vessel quality, and infrastructure are attracting
more owners to register their luxury superyachts in certain European nations.
Countries like Netherlands, Germany and Italy have emerged as top destinations
for luxury superyacht registration in recent years. This trend is expected to
continue driving the overall growth of the superyacht market during the
forecast period.
Segment Analysis
The global superyacht market is dominated by motoryachts segment owing to their
luxurious interiors, spacious decks, and multiple guest cabins. Motoryachts are
self-propelled vessels with on-board motors as the primary means of propulsion
rather than sail power. They come equipped with modern amenities and lavish
design to provide utmost comfort for recreation and entertainment. Other key
segments include sailing yachts and explorer yachts. However, motoryachts
command the major market share.
Key Takeaways
The global Superyacht
Market Size Growth is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period,
due to increasing high net worth individuals and demand for luxury experiences.
The market size for 2023 is US$ 7.67 Bn.
Regional analysis: Europe dominates the superyacht market owing to presence of
key manufacturers and high demand for luxury vessels in countries like Italy,
Netherlands and Greece. The Mediterranean region is a popular destination for
superyacht cruises. North America also captures a notable market share and is
expected to grow at a faster pace during the forecast period.
Key players: Key players operating in the superyacht market are Azimut Benetti
Group, BILGIN YACHTS, Ferretti S.p.A., Fincantieri S.p.A, Gulf Craft, Heesen
Yachts, Heysea Yachts, Horizon Yachts, Lürssen Group, NOBISKRUG GmbH, Ocean
Alexande, Perini Navi, PRINCESS YACHTS LIMITED, Sanlorenzo S.p.a., and Sunseeker
International. These players are focusing on new product launches and expansion
strategies to gain leadership positions in the market.
For more insights, read- https://www.ukwebwire.com/superyacht-market-trends-size-and-share-analysis/
0 Comments