The global luxury yacht market is expected to post a CAGR of close to 12% during the period 2019-2027, according to the latest market research report by Report Consultant.
Yachts are recreational boats designed with luxury amenities, which are purchased by people belonging to the high-income group. Yachts that are greater than 24 meters long are known as luxury yachts, super yachts, mega yachts, or large yachts. A luxury yacht, also known as a super yacht or mega yacht, is a large and very expensive professionally crewed sailing or motor yacht.
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Luxury Yacht Market 2019-2027 covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. Global Luxury Yacht Market report provides strategists, marketers and senior management with the critical information they need to assess the global Luxury Yacht sector.
Luxury Yacht Market Top Leading Vendors :-
Azimut/Benetti, Ferretti Group, Sanlorenzo, Sunseeker, Feadship, Lürssen, Princess Yachts, Amels / Damen, Heesen Yachts, Horizon, Westport, Oceanco, Trinity Yachts, Fipa Group, Overmarine, Perini Navi, Palmer Johnson, Cerri-Baglietto, Christensen
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Segmentation on the basis on the Product :-
- Motor luxury yachts
- Sailing luxury yachts
Luxury Yacht Market Segmentation on the basis on the end users/Application :-
- Private Use
- Commercial Use
- Special Use
Key Findings of the Luxury Yacht Market:
- The 75-120 feet segment was the highest contributor to the global luxury yacht market in 2019, and is projected to grow at a moderate CAGR during the forecast period.
- There is a continuous buzz for yacht tourism across the world. As a result, the luxury yacht demand in terms of volume is projected to grow at with a CAGR of +12% during the forecast period.
- Personalization, chartering, and remote exploration by yachts are some of the emerging luxury yacht market trends around the world.
- Fiber-reinforced polymer/composites segment accounted for about three-fourths of the market share for 2019 and is projected to grow with highest the CAGR during the forecast period.
- The motorized luxury yacht segment is projected to exhibit rapid growth in the luxury yacht market, owing to easy maneuverability, high power, and more onboard facilities.
- In terms of volume, Italy accounted for about +42% share in the luxury yacht market for 2019.
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In This Study, The Years Considered To Estimate The Size Of UK 5G and Virtual Reality Market Are As Follows:
History Year: 2015-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2027
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