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