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. Read More

What is the current Luxury Yacht Market size?

In 2024, the Luxury Yacht Market size is expected to reach USD 13.66 billion. Read More

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. Read More

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). Read More

Which region has the biggest share in Luxury Yacht Market?

In 2024, the Europe accounts for the largest market share in Luxury Yacht Market. Read More

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. Read More

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 Read More

Luxury Yacht Market Analysis | Industry Forecast, Size & Report

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 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.