Luxury Yacht Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Length, By Propulsion, By Region, Competition, 2020-2030F

Description

The Global Luxury Yacht Market, valued at USD 9.9 Billion in 2024, is projected to experience a CAGR of 7.2% to reach USD 15.02 Billion by 2030. A luxury yacht is a privately owned, high-value vessel designed primarily for leisure, comfort, and entertainment, distinguished by its bespoke amenities and advanced technological integrations. The market's growth is primarily supported by the increasing global population of high-net-worth individuals, a sustained demand for exclusive private travel experiences, and the expansion of global luxury yacht charter services.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 9.9 Billion
Market Size 2030	USD 15.02 Billion
CAGR 2025-2030	7.2%
Fastest Growing Segment	Sports Yacht
Largest Market	North America

Key Market Drivers

The sustained expansion of the global high-net-worth (HNW) and ultra-high-net-worth (UHNW) individual population serves as a foundational driver for the luxury yacht market, directly influencing the accessible client base. This demographic segment possesses the requisite discretionary wealth for significant luxury asset acquisitions and the associated operational costs. According to Business Forum, in April 2025, reporting on Knight Frank's latest Wealth Report, the number of HNWIs globally with over US$10 million in assets increased by 4.4% to 2,341,378 in 2024, underscoring a growing pool of potential yacht owners and charter clients.

Key Market Challenges

Macroeconomic instability and geopolitical uncertainties present a notable impediment to the growth of the Global Luxury Yacht Market. Such global conditions directly influence the purchasing behavior of high-net-worth individuals, who typically reduce discretionary spending on luxury assets during periods of economic uncertainty or heightened global tension. This immediate reduction in consumer confidence translates directly into a weakened demand for new and pre-owned luxury yachts.

Key Market Trends

The Global Luxury Yacht Market is significantly influenced by the escalating adoption of sustainable yachting technologies. This trend reflects a growing industry commitment to environmental responsibility, addressing both consumer demand for eco-conscious vessels and increasing regulatory pressures for reduced emissions. Manufacturers are actively integrating advanced solutions such as hybrid and electric propulsion systems, alternative fuels, and energy-efficient onboard operations. According to the International Council of Marine Industry Associations (ICOMIA) in November 2023, new research outlined a portfolio of technologies aimed at decarbonizing recreational boating, with sustainable liquid marine fuels expected to reduce carbon emissions by as much as 9% by 2035 without compromising performance.

Key Market Players

Azimut Benetti
Damen Yachting
Ferretti S.p.A.
Groupe Beneteau
Hanse Group
Heesen Luxury Yachts
Princess Luxury Yachts
Royal Huisman Shipyard BW.
Sanlorenzo S.p.A
Sunseeker International Ltd.

Report Scope:

In this report, the Global Luxury Yacht Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Luxury Yacht Market, By Type:

Flybridge Yacht
Sports Yacht
Cruiser Yacht

Luxury Yacht Market, By Length:

24 - 45 Meters
Above 45 Meters

Luxury Yacht Market, By Propulsion:

Motor
Sail

Luxury Yacht Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Luxury Yacht Market.

Available Customizations:

Global Luxury Yacht Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Luxury Yacht Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Flybridge Yacht, Sports Yacht, Cruiser Yacht)
- 5.2.2. By Length (24 - 45 Meters, Above 45 Meters)
- 5.2.3. By Propulsion (Motor, Sail)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Luxury Yacht Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Length
- 6.2.3. By Propulsion
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Luxury Yacht Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Length
    - 6.3.1.2.3. By Propulsion
- 6.3.2. Canada Luxury Yacht Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Length
    - 6.3.2.2.3. By Propulsion
- 6.3.3. Mexico Luxury Yacht Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Length
    - 6.3.3.2.3. By Propulsion

7. Europe Luxury Yacht Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Length
- 7.2.3. By Propulsion
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Luxury Yacht Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Length
    - 7.3.1.2.3. By Propulsion
- 7.3.2. France Luxury Yacht Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Length
    - 7.3.2.2.3. By Propulsion
- 7.3.3. United Kingdom Luxury Yacht Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Length
    - 7.3.3.2.3. By Propulsion
- 7.3.4. Italy Luxury Yacht Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Length
    - 7.3.4.2.3. By Propulsion
- 7.3.5. Spain Luxury Yacht Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Length
    - 7.3.5.2.3. By Propulsion

8. Asia Pacific Luxury Yacht Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Length
- 8.2.3. By Propulsion
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Luxury Yacht Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Length
    - 8.3.1.2.3. By Propulsion
- 8.3.2. India Luxury Yacht Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Length
    - 8.3.2.2.3. By Propulsion
- 8.3.3. Japan Luxury Yacht Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Length
    - 8.3.3.2.3. By Propulsion
- 8.3.4. South Korea Luxury Yacht Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Length
    - 8.3.4.2.3. By Propulsion
- 8.3.5. Australia Luxury Yacht Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Length
    - 8.3.5.2.3. By Propulsion

9. Middle East & Africa Luxury Yacht Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Length
- 9.2.3. By Propulsion
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Luxury Yacht Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Length
    - 9.3.1.2.3. By Propulsion
- 9.3.2. UAE Luxury Yacht Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Length
    - 9.3.2.2.3. By Propulsion
- 9.3.3. South Africa Luxury Yacht Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Length
    - 9.3.3.2.3. By Propulsion

10. South America Luxury Yacht Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Length
- 10.2.3. By Propulsion
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Luxury Yacht Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Length
    - 10.3.1.2.3. By Propulsion
- 10.3.2. Colombia Luxury Yacht Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Length
    - 10.3.2.2.3. By Propulsion
- 10.3.3. Argentina Luxury Yacht Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Length
    - 10.3.3.2.3. By Propulsion

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Luxury Yacht Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Azimut Benetti
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Damen Yachting
15.3. Ferretti S.p.A.
15.4. Groupe Beneteau
15.5. Hanse Group
15.6. Heesen Luxury Yachts
15.7. Princess Luxury Yachts
15.8. Royal Huisman Shipyard BW.
15.9. Sanlorenzo S.p.A
15.10. Sunseeker International Ltd.