The yacht market size has grown steadily in recent years. It will grow from $9.06 billion in 2024 to $9.48 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to the improved earning capacity, the increase in spending on recreational activities and the rising construction of super yachts.
The yacht market size is expected to see steady growth in the next few years. It will grow to $11.05 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to government support, the rising urbanization, the increasing number of high-net-worth individuals and the growing tourism. Major trends in the forecast period include focus on fuel cell technology, collaborations and acquisitions, use of artificial intelligence (ai), product innovations and technology advancement.
The increasing demand for luxury tourism and sailing is anticipated to drive the yacht market. Luxury tourism, characterized by a heightened focus on providing superior comfort and quality with minimal stress and hassle, represents an upscale travel experience. Yachts play a pivotal role in luxury tourism, particularly for destinations situated along the coast. In a 2022 survey, nearly 30% of respondents indicated that their holiday budgets had increased post-COVID, with a preference for luxury travel options. Consequently, the growing inclination towards luxury tourism and sailing is expected to stimulate the demand for yachts in the foreseeable future.
The growth of tourism is expected to drive the expansion of the yacht market. This trend refers to the increasing activity and expansion of the tourism industry in specific regions or globally. Growing tourism creates opportunities for the yacht industry to thrive by capitalizing on the rising demand for yacht-related services and contributing to the economic development of areas that promote yachting as part of their tourism offerings. For example, in September 2024, the UN Tourism, a Spain-based specialized agency, reported that approximately 790 million tourists traveled internationally in the first seven months of 2024, marking an increase of about 11% compared to 2023. Therefore, the growth of tourism is anticipated to have a positive impact on the yacht market during the forecast period.
Companies operating in the yacht market are strategically focusing on product innovations and the development of new solutions to bolster their positions in the market. A case in point is ISA Yachts, an Italy-based brand under Palumbo Superyachts, which, in April 2022, introduced the ISA Granturismo 45-meter Aria SF. Featuring a steel hull and aluminum superstructure, the ISA GT 45 is designed to accommodate up to 10 guests in five spacious cabins. This superyacht stands out for its sharp and sporty exterior lines, characterized by a plumb bow, side arches connecting the three decks, and a fin-shaped hard top that imparts a sleek and lightweight appearance to the profile.
Yacht manufacturers are placing a strong emphasis on integrating new technologies and developing technologically advanced products to enhance their market positions. An example is Van Berge Henegouwen (VBH), a Dutch electrical company, which, in September 2022, launched the Invisible Technology for superyachts. This innovative product line, developed in collaboration with shipyards and interior yacht designers, is designed to offer intuitive and inconspicuous solutions for owners. Representing a new era for VBH and the yachting industry, the initial products in the Invisible Technology line include a Magic-UI control panel and two display screen solutions, namely Blended Screen and VBH Robot Arm. These technological advancements underscore the commitment of yacht manufacturers to staying at the forefront of industry trends and providing cutting-edge solutions to their clientele.
In September 2023, Brunswick Corporation, a U.S.-based manufacturer of recreational products including boats, marine engines, and fitness equipment, announced its acquisition of Fliteboard for $250 million. This acquisition aims to bolster Brunswick's position in the electric mobility market by incorporating advanced eFoiling technology. This move aligns with Brunswick's ACES strategy, enhancing its offerings in autonomy, connectivity, and electrification. Fliteboard, an Australia-based company known for its innovative eFoiling technology, represents a new frontier in water sports that can enhance yacht experiences.
Major companies operating in the yacht market include Ferretti S.p.A., Sanlorenzo S.p.a., Feadship, Princess Yachts Limited, Fincantieri S.p.A., Fr. Lürssen Werft GmbH & Co.KG, Damen Shipyards Group, Viking Yacht Company, Sunseeker International, Alexander Marine Co. Ltd., Palumbo Group, Shanghai Waigaoqiao Shipbuilding Co. Ltd., Qingdao Captain Marine Co. Ltd., HBM-Huanan Building Materials (Shenzhen) Co. Ltd., COSCO Shipping, China Shipbuilding Industry Co. Ltd., Azimut Benetti, Christensen Shipyards Ltd, Ferretti, Heesen Yachts, Horizon Yacht, Brunswick Corporation, Ocean Alexander, Quantum Sails, Michael Rybovich & Sons Boatworks, Burger Boat Company, MCP Yachts, Sterling Yachts, Fibrafort, Delta Yachts, Flexboat, Schaefer Yachts, Asmar, AS Marine, Oryx Yachts, Majesty Yachts, Nomad Yachts, Moonday Yachts, Yerliyurt Marin, Numarine, Robertson & Caine, Falcon Inflatables, Dean Catamarans, De Birs Yachts, Tiger Marine.
Europe was the largest region in the yacht market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the yacht market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the yacht market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
A yacht refers to a large recreational boat designed for ocean waters and turbulent seas, with lengths ranging from 35 feet to 160 feet. Yachts typically require a full crew to handle various tasks such as maintenance, navigation, electronics and engineering, repairs, and stewardship.
Key types of motor and sailing yachts include the super yacht, flybridge yacht, sport yacht, long-range yacht, and others. A super yacht is a luxurious, professionally crewed motor or sailing yacht with a load line of 24 meters and above. Super yachts are further categorized based on lengths, including those up to 20 meters, between 20-50 meters, and those exceeding 50 meters.
The yacht market research report is one of a series of new reports that provides yacht market statistics, including yacht industry global market size, regional shares, competitors with a yacht market share, detailed yacht market segments, market trends and opportunities, and any further data you may need to thrive in the yacht industry. This yacht market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The yacht market consists of sales of sailing yachts, motor yachts, gulet yachts, and open yachts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The yacht market size is expected to see steady growth in the next few years. It will grow to $11.05 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to government support, the rising urbanization, the increasing number of high-net-worth individuals and the growing tourism. Major trends in the forecast period include focus on fuel cell technology, collaborations and acquisitions, use of artificial intelligence (ai), product innovations and technology advancement.
The increasing demand for luxury tourism and sailing is anticipated to drive the yacht market. Luxury tourism, characterized by a heightened focus on providing superior comfort and quality with minimal stress and hassle, represents an upscale travel experience. Yachts play a pivotal role in luxury tourism, particularly for destinations situated along the coast. In a 2022 survey, nearly 30% of respondents indicated that their holiday budgets had increased post-COVID, with a preference for luxury travel options. Consequently, the growing inclination towards luxury tourism and sailing is expected to stimulate the demand for yachts in the foreseeable future.
The growth of tourism is expected to drive the expansion of the yacht market. This trend refers to the increasing activity and expansion of the tourism industry in specific regions or globally. Growing tourism creates opportunities for the yacht industry to thrive by capitalizing on the rising demand for yacht-related services and contributing to the economic development of areas that promote yachting as part of their tourism offerings. For example, in September 2024, the UN Tourism, a Spain-based specialized agency, reported that approximately 790 million tourists traveled internationally in the first seven months of 2024, marking an increase of about 11% compared to 2023. Therefore, the growth of tourism is anticipated to have a positive impact on the yacht market during the forecast period.
Companies operating in the yacht market are strategically focusing on product innovations and the development of new solutions to bolster their positions in the market. A case in point is ISA Yachts, an Italy-based brand under Palumbo Superyachts, which, in April 2022, introduced the ISA Granturismo 45-meter Aria SF. Featuring a steel hull and aluminum superstructure, the ISA GT 45 is designed to accommodate up to 10 guests in five spacious cabins. This superyacht stands out for its sharp and sporty exterior lines, characterized by a plumb bow, side arches connecting the three decks, and a fin-shaped hard top that imparts a sleek and lightweight appearance to the profile.
Yacht manufacturers are placing a strong emphasis on integrating new technologies and developing technologically advanced products to enhance their market positions. An example is Van Berge Henegouwen (VBH), a Dutch electrical company, which, in September 2022, launched the Invisible Technology for superyachts. This innovative product line, developed in collaboration with shipyards and interior yacht designers, is designed to offer intuitive and inconspicuous solutions for owners. Representing a new era for VBH and the yachting industry, the initial products in the Invisible Technology line include a Magic-UI control panel and two display screen solutions, namely Blended Screen and VBH Robot Arm. These technological advancements underscore the commitment of yacht manufacturers to staying at the forefront of industry trends and providing cutting-edge solutions to their clientele.
In September 2023, Brunswick Corporation, a U.S.-based manufacturer of recreational products including boats, marine engines, and fitness equipment, announced its acquisition of Fliteboard for $250 million. This acquisition aims to bolster Brunswick's position in the electric mobility market by incorporating advanced eFoiling technology. This move aligns with Brunswick's ACES strategy, enhancing its offerings in autonomy, connectivity, and electrification. Fliteboard, an Australia-based company known for its innovative eFoiling technology, represents a new frontier in water sports that can enhance yacht experiences.
Major companies operating in the yacht market include Ferretti S.p.A., Sanlorenzo S.p.a., Feadship, Princess Yachts Limited, Fincantieri S.p.A., Fr. Lürssen Werft GmbH & Co.KG, Damen Shipyards Group, Viking Yacht Company, Sunseeker International, Alexander Marine Co. Ltd., Palumbo Group, Shanghai Waigaoqiao Shipbuilding Co. Ltd., Qingdao Captain Marine Co. Ltd., HBM-Huanan Building Materials (Shenzhen) Co. Ltd., COSCO Shipping, China Shipbuilding Industry Co. Ltd., Azimut Benetti, Christensen Shipyards Ltd, Ferretti, Heesen Yachts, Horizon Yacht, Brunswick Corporation, Ocean Alexander, Quantum Sails, Michael Rybovich & Sons Boatworks, Burger Boat Company, MCP Yachts, Sterling Yachts, Fibrafort, Delta Yachts, Flexboat, Schaefer Yachts, Asmar, AS Marine, Oryx Yachts, Majesty Yachts, Nomad Yachts, Moonday Yachts, Yerliyurt Marin, Numarine, Robertson & Caine, Falcon Inflatables, Dean Catamarans, De Birs Yachts, Tiger Marine.
Europe was the largest region in the yacht market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the yacht market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the yacht market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
A yacht refers to a large recreational boat designed for ocean waters and turbulent seas, with lengths ranging from 35 feet to 160 feet. Yachts typically require a full crew to handle various tasks such as maintenance, navigation, electronics and engineering, repairs, and stewardship.
Key types of motor and sailing yachts include the super yacht, flybridge yacht, sport yacht, long-range yacht, and others. A super yacht is a luxurious, professionally crewed motor or sailing yacht with a load line of 24 meters and above. Super yachts are further categorized based on lengths, including those up to 20 meters, between 20-50 meters, and those exceeding 50 meters.
The yacht market research report is one of a series of new reports that provides yacht market statistics, including yacht industry global market size, regional shares, competitors with a yacht market share, detailed yacht market segments, market trends and opportunities, and any further data you may need to thrive in the yacht industry. This yacht market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The yacht market consists of sales of sailing yachts, motor yachts, gulet yachts, and open yachts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Yacht Market Characteristics3. Yacht Market Trends and Strategies4. Yacht Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Yacht Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Yacht Market34. Recent Developments in the Yacht Market
5. Global Yacht Growth Analysis and Strategic Analysis Framework
6. Yacht Market Segmentation
7. Yacht Market Regional and Country Analysis
8. Asia-Pacific Yacht Market
9. China Yacht Market
10. India Yacht Market
11. Japan Yacht Market
12. Australia Yacht Market
13. Indonesia Yacht Market
14. South Korea Yacht Market
15. Western Europe Yacht Market
16. UK Yacht Market
17. Germany Yacht Market
18. France Yacht Market
19. Italy Yacht Market
20. Spain Yacht Market
21. Eastern Europe Yacht Market
22. Russia Yacht Market
23. North America Yacht Market
24. USA Yacht Market
25. Canada Yacht Market
26. South America Yacht Market
27. Brazil Yacht Market
28. Middle East Yacht Market
29. Africa Yacht Market
30. Yacht Market Competitive Landscape and Company Profiles
31. Yacht Market Other Major and Innovative Companies
35. Yacht Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Yacht Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on yacht market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for yacht? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The yacht market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht, Other Types2) By Length: Up to 20 Meters, 20-50 Meters, Above 50 Meters
3) By Propulsion: Motor, Sail
Subsegments:
1) By Super Yacht: Motor Super Yachts; Sailing Super Yachts; Expedition Super Yachts2) By Flybridge Yacht: Open Flybridge Yachts; Enclosed Flybridge Yachts
3) By Sport Yacht: High-Performance Sport Yachts; Racing Yachts
4) By Long Range Yacht: Explorer Yachts; Long Range Motor Yachts
5) By Other Types: Catamarans; Trimarans; Houseboats; Classic Yachts
Key Companies Mentioned: Ferretti S.p.A.; Sanlorenzo S.p.A.; Feadship; Princess Yachts Limited; Fincantieri S.p.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Ferretti S.p.A.
- Sanlorenzo S.p.a.
- Feadship
- Princess Yachts Limited
- Fincantieri S.p.A.
- Fr. Lürssen Werft GmbH & Co.KG
- Damen Shipyards Group
- Viking Yacht Company
- Sunseeker International
- Alexander Marine Co. Ltd.
- Palumbo Group
- Shanghai Waigaoqiao Shipbuilding Co. Ltd.
- Qingdao Captain Marine Co. Ltd.
- HBM-Huanan Building Materials (Shenzhen) Co. Ltd.
- COSCO Shipping
- China Shipbuilding Industry Co. Ltd.
- Azimut Benetti
- Christensen Shipyards Ltd
- Ferretti
- Heesen Yachts
- Horizon Yacht
- Brunswick Corporation
- Ocean Alexander
- Quantum Sails
- Michael Rybovich & Sons Boatworks
- Burger Boat Company
- MCP Yachts
- Sterling Yachts
- Fibrafort
- Delta Yachts
- Flexboat
- Schaefer Yachts
- Asmar
- AS Marine
- Oryx Yachts
- Majesty Yachts
- Nomad Yachts
- Moonday Yachts
- Yerliyurt Marin
- Numarine
- Robertson & Caine
- Falcon Inflatables
- Dean Catamarans
- De Birs Yachts
- Tiger Marine
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 9.48 Billion |
| Forecasted Market Value ( USD | $ 11.05 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 45 |
