Market Share of Asia Pacific Luxury Yacht Industry
The Asia-Pacific luxury yacht market is fragmented. A few prominent players include Sunseeker, Azimut Benetti, Ferretti S.p.A., Gulf Craft Inc., and Sanlorenzo Asia. A few companies in the market are focusing on improving their product portfolios to widen their customer base. Some other key players aim to expand their presence in the market through product launches, offerings expansion, manufacturing expansion, and collaborations with other companies. For instance,
In January 2024, Sanlorenzo Asia announced a partnership with Volvo Penta, a collaboration that aims to pool efforts to reduce the environmental impact of the marine industry through the continuous drive for innovation.
In December 2023, Japan's cruise ship industry announced a new megayacht ship order. This development underscores a broader trend of expansion within the Japanese yacht market, which has traditionally catered to domestic travelers.
Asia Pacific Luxury Yacht Market Leaders
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Gulf Craft Inc.
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Sunseeker
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Azimut Benetti
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Ferretti S.p.A.
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Sanlorenzo Asia
*Disclaimer: Major Players sorted in no particular order
