Superyacht Market was valued at USD 12018.87 Million in 2018 and is projected to reach around USD 29361.60 Million by 2025, at a CAGR of XX% during the forecast period.
The base year considered for the study is 2018 and the forecast period is 2019-2025. The demand for superyacht in leisure & entertainment, water sports by rich customers is the major driving factor for superyacht market
Superyachts are like regular yachts but bigger and therefore more expensive. A superyacht also known as luxury yacht or megayacht is a commercially operated professionally crewed sailing or motor yacht that has a loadline length of 24 metres and above. Approximately there are more than 4476 superyachts in the world of which a quarter are available for charter. Sales of these luxury yacht vessels are way up every year, nearly 300 superyachts were sold in 2018 compared to 249 such sold in 2017.
Growing ultra-high net worth households, adventure enthusiasts, anticipation of privacy and leisure activities are influencing positive growth of global superyacht market.
Global superyacht market is segmented on the basis of yacht type, yacht size and region. On the basis of yacht type the superyacht market is segmented in to motor yacht, sailing yacht and others. On the basis of yacht size, the market is segmented in to below 40-meter, 40-80 meter and above 80 meters.
Global Superyacht Market report covers in-depth historical and forecast analysis.
Global Superyacht Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Superyacht Market report helps to identify opportunities in marketplace.
Global Superyacht Market report covers extensive analysis of emerging trends and competitive landscape.
Growing demand of luxury cruising among rich and super rich individuals mainly in developing and developed countries. Sub 50-metre yacht segment is sold in highest numbers which is approximately 80% of new superyachts sold in 2017. However, sales of large yachts over 80-meters decreased in 2017. Among type of yachts, highest number of motor yachts are sold followed by sailing yachts.
The superyachts are also in demand due to increasing interest in marine tourism, water-based sports and leisure activities. Also, these superyachts are used for travelling through sea from one destination to other by many rich people which propels the market to grow.
Table of Content: Global Superyacht Market Research Report
Chapter 1: Global Superyacht Overview
Chapter 2: Global Economic Impact on Superyacht Markets
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Superyacht Market Industry Value Chain
Chapter 9: Superyacht Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Superyacht Market Forecast Period