PUBLISHER: Grand View Research | PRODUCT CODE: 1908207
PUBLISHER: Grand View Research | PRODUCT CODE: 1908207
The global yacht market size was estimated at USD 10.34 billion in 2025, and is projected to reach USD 15.52 billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033. The yachting industry has experienced a steady rise in demand in recent years, driven by increasing disposable income and a growing desire for leisure pursuits.
This trend is further fueled by the growing luxury travel market, where high-net-worth individuals (HNWI) seek personalized service and exclusive experiences. Manufacturers are responding by incorporating premium features that enhance both performance and the overall customer experience. Yacht construction has also undergone a significant transformation. Traditionally built with wood and fiber-reinforced polymers (FRPs), the industry has increasingly embraced composite materials due to their superior corrosion resistance, lower maintenance requirements, and improved strength-to-weight ratio.
Technological innovation is transforming the yacht industry across various domains, including design, engineering, navigation, and sustainability. Hybrid and fully electric propulsion systems are gaining momentum, driven by the need to reduce emissions, fuel consumption, and operating noise. Advanced hull materials, such as carbon fiber, are being adopted to enhance speed and efficiency, while digital twin technologies enable shipbuilders to optimize performance and predict maintenance. Smart-yacht solutions, integrating IoT sensors, AI-powered navigation, autonomous docking, and remote diagnostics, are becoming a core differentiator.
Investment activity in the industry is rising as manufacturers, private equity firms, and technology providers capitalize on the growing demand for premium marine assets. Shipyards are expanding production capacities, acquiring specialized suppliers, and investing in automation to reduce build times. Significant capital is also being invested in R&D for sustainable propulsion, lightweight materials, and modular interiors that enable customization on a scale. The charter and fractional-ownership models are attracting venture investment due to their strong growth potential and recurring revenue profile.
Global Yacht Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global yacht market report based on type, length, propulsion, and region: