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Market Research Report

Yacht Industry

Published by Global Industry Analysts, Inc. Product code 310335
Published Content info 276 Pages
Delivery time: 1-2 business days
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Yacht Industry
Published: July 1, 2020 Content info: 276 Pages
Description

Global Yacht Industry Market to Reach US$84.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Yacht Industry estimated at US$64.1 Billion in the year 2020, is projected to reach a revised size of US$84.7 Billion by 2027, growing at a CAGR of 4.1% over the period 2020-2027.

The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 3.9% CAGR for the Period of 2020-2027

The Yacht Industry market in the U.S. is estimated at US$18.9 Billion in the year 2020. The country currently accounts for a 29.44% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$15.1 Billion in the year 2027 trailing a CAGR of 3.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$15.1 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 276-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Amels BV
  • Azimut|Benetti Group
  • Baglietto s.p.a
  • Bavaria Yachtbau GmbH
  • BENETEAU
  • Brunswick Corporation
  • Cheoy Lee Shipyards Limited
  • Dyna Craft Ltd.
  • Feadship
  • Ferretti S.p.a
  • FIPA Group
  • Fr. Lurssen Werft GmbH & Co. KG
  • HanseYachts AG
  • Heesen Yachts
  • Horizon Yacht Company
  • ICON Yachts BV
  • Kingship Marine Limited
  • O Yachts
  • Oceanco
  • Overmarine Group
  • Perini Navi S.p.a
  • Princess Yachts International Plc
  • Sanlorenzo S.p.a
  • Shanghai Double Happiness Yacht Co. Ltd
  • Sunbird Yacht Co., Ltd.
  • Sunrise Yachts
  • Sunseeker International
  • Trinity Yachts
Table of Contents
Product Code: MCP-7997

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Yachts: Floating Luxuries and More!
  • Key Trends in Yachting Industry - In a Nutshell
  • Recent Market Activity
  • Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
  • Yachting: A Leisure Activity for Billionaires
  • Increasing Disposable Incomes to Propel Yacht Sales
  • Developed Regions: Key Revenue Contributors
  • China Evolves into Fastest Growing Market for Yachts
  • Yachting Set to Make Substantial Gains in Developing Regions
  • Decoding the Yacht Customer in Developing Markets
  • Stable Economic Scenario to Aid Market Growth
  • Positive Tide in Global Ship & Boat Building Sector Generates Opportunities
  • Competitive Scenario
  • European Players Dominate the Global Yacht Market
  • American Companies Aim to Expand Operations
  • Asian Yacht Builders Emerge in the Market
  • M&A Activity
  • Select M&A Deals in the Global Yacht Market (2014-2017)
  • Yacht Industry Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Global Competitor Market Shares
  • Yacht Industry Competitor Market Share Scenario Worldwide (in %): 2020 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Azimut Benetti (Italy)
  • Baglietto s.p.a (Italy)
  • Bavaria Yachtbau GmbH (Germany)
  • BENETEAU (France)
  • Brunswick Corporation (USA)
  • Cheoy Lee Shipyards Limited (Hong Kong)
  • Christensen Shipyards Ltd. (USA)
  • Dyna Craft Ltd. (Taiwan)
  • Feadship (The Netherlands)
  • Ferretti S.p.a (Italy)
  • FIPA Group (Italy)
  • Fr. Lurssen Werft GmbH & Co. KG (Germany)
  • Blohm+Voss Shipyards (Germany)
  • HanseYachts AG (Germany)
  • Horizon Yacht Company (Taiwan)
  • Kingship Marine Limited (Hong Kong)
  • Oceanco (The Netherlands)
  • Overmarine Group (Italy)
  • Perini Navi S.p.a (Italy)
  • Princess Yachts International Plc (UK)
  • Sanlorenzo S.p.a (Italy)
  • Shanghai Double Happiness Yacht Co., Ltd (China)
  • Sunbird Yacht Co., Ltd. (China)
  • Sunrise Yachts (Turkey)
  • Sunseeker International (UK)
  • Trinity Yachts (USA)
  • Yantai CIMC Raffles Shipyard Limited (China)

3. MARKET TRENDS & DRIVERS

  • Rising Demand for Superyachts Triggers Stellar Growth
  • Steady Growth in Superyacht Sales
  • Superyachts: New Orders and Build Projects
  • Superyachts Continue to Get Bigger!
  • Toys & Accessories Enhance the Entertainment Quotient in Superyachts
  • Additional Thrust on Advanced Safety & Security Features
  • Luxury Car Brands & Aerospace Companies Foray into Superyacht Vertical
  • Popularity of Nautical Tourism Underpins Yacht Market Expansion
  • Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
  • Yacht Owners Warm up to Chartering
  • Yacht Customers Largely Brand Oriented
  • Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
  • Surging Interest in Sailing among Women Opens Up Growth Avenues
  • Aging Population - A Barrier to Growth?
  • Sailing Yachts for Luxury Yacht Charter Experience
  • Motor Yachts Dominate the Scenario
  • Solar Yachts: An Ideal Alternative to Diesel Engine-Power Yachts
  • Support Yachts Find Favor
  • Sports Yachts: The Latest Design Trend
  • Straight Line Yachts Find Favor
  • Promising Opportunities for Little Ships
  • Wave of Innovations & Novel Design Elements Entice New Yacht Buyers
  • Hybrid Propulsion Systems
  • Hydrofoils Technology
  • Nature-Inspired Designs & Colors
  • Innovative Eco-Friendly Features
  • Design Changes Influence Performance Yachts Market
  • Carbon Fiber: Emerging as a Preferred Material for Yachts
  • Composites Demand in Boat Building: On the Rise
  • Rising Significance of Software in Recreational Maritime Industry
  • Marinas Look to Address Shortage of Berths for Megayachts
  • Online Marketing Gradually Gains Momentum among Suppliers
  • US and European Yacht Brokerage Market - A Synopsis
  • Environmental Regulations: An Overview
  • MARPOL Regulation 12A
  • The Annex VI of MARPOL
  • Delay in Adoption of IMO's Stringent Emissions Standards for Yachts
  • Ballast Water Convention

4. GLOBAL MARKET PERSPECTIVE

  • TABLE 1: Yacht Industry Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Yacht Industry Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • TABLE 3: Yacht Industry Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • Market Analytics
    • TABLE 4: United States Yacht Industry Market Estimates and Projections in US$ Million: 2020 to 2027
    • TABLE 5: Yacht Industry Market in the United States: A Historic Review in US$ Million for 2012-2019
  • CANADA
    • TABLE 6: Canadian Yacht Industry Market Estimates and Forecasts in US$ Million: 2020 to 2027
    • TABLE 7: Canadian Yacht Industry Historic Market Review in US$ Million: 2012-2019
  • JAPAN
    • TABLE 8: Japanese Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 9: Yacht Industry Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
  • CHINA
    • TABLE 10: Chinese Yacht Industry Market Growth Prospects in US$ Million for the Period 2020-2027
    • TABLE 11: Yacht Industry Historic Market Analysis in China in US$ Million: 2012-2019
  • EUROPE
    • Market Facts & Figures
    • Market Analytics
    • TABLE 12: European Yacht Industry Market Demand Scenario in US$ Million by Region/Country: 2020-2027
    • TABLE 13: Yacht Industry Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 14: European Yacht Industry Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 15: Yacht Industry Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 16: French Yacht Industry Historic Market Scenario in US$ Million: 2012-2019
  • GERMANY
    • TABLE 17: Yacht Industry Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
    • TABLE 18: German Yacht Industry Historic Market Analysis in US$ Million: 2012-2019
  • ITALY
    • TABLE 19: Italian Yacht Industry Market Growth Prospects in US$ Million for the Period 2020-2027
    • TABLE 20: Yacht Industry Historic Market Analysis in Italy in US$ Million: 2012-2019
  • UNITED KINGDOM
    • TABLE 21: United Kingdom Market for Yacht Industry: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 22: Yacht Industry Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
  • REST OF EUROPE
    • TABLE 23: Rest of Europe Yacht Industry Market Estimates and Forecasts in US$ Million: 2020-2027
    • TABLE 24: Yacht Industry Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
  • ASIA-PACIFIC
    • TABLE 25: Yacht Industry Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 26: Asia-Pacific Yacht Industry Historic Market Scenario in US$ Million: 2012-2019
  • REST OF WORLD
    • TABLE 27: Rest of World Yacht Industry Market Estimates and Forecasts in US$ Million: 2020 to 2027
    • TABLE 28: Rest of World Yacht Industry Historic Market Review in US$ Million: 2012-2019

IV. COMPETITION

  • Total Companies Profiled: 214
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