Yacht is a bigship with sails i.e., tensile structure or a motor, cruising,used for pleasure, or racing. There has been growth in quality of life, leisure activities due to growth in per capita income. As people are making better incomes worldwide, they tend to spend their fragment of money more in leisure and maintaining high living standards. Thus, there is also growingpartiality of travellers for luxury tourism, exclusive traveling and, personalized service.The rising preference of travellers for personalized service, luxury tourism, and exclusive traveling are the primary factors propelling the sales of yachts. The producers are concentrating on including luxury features for offering improved performance characteristics and customer experience.Yachts were manufactured using wood and fiber-reinforced polymers. Nevertheless, the use of composites has gained popularity owing to benefits such as corrosion resistance, lower maintenance costs, and better strength to weight characteristics.

The global Yacht Market is segregated on the basis of Type Outlook as Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht, and Others. Based on Yacht Length Outlook the global Yacht Market is segmented in Up to 20 Meters, 20-50 Meters, and Above 50 Meters. Based on Propulsion Outlook the global Yacht Market is segmented in Motor Yacht and Sailing Yacht.

The global Yacht Market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Yacht Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, Viking Yacht Company, and others are among the major players in the global Yacht Market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

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The Yacht Market has been segmented as below:

Yacht Market, By Type Outlook

• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht
• Others

Yacht Market, By Yacht Length Outlook

• Up to 20 Meters
• 20-50 Meters
• Above 50 Meters

Yacht Market, By Propulsion Outlook

• Motor Yacht
• Sailing Yacht

Yacht Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Yacht Market, By Company

• Alexander Marine Co Ltd
• Damen Shipyards Group
• Azimut Benetti S.p.A.
• Feadship
• FERRETTI S.P.A.
• Horizon Yacht USA
• Princess Yachts International plc
• Sanlorenzo Spa
• Sunseeker International Limited
• Viking Yacht Company

The report covers:

• Global Yacht Market sizes from 2018 to 2027, along with CAGR for 2022-2027
• Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
• Global Yacht Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Yacht Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

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Report Scope:

The global Yacht Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Yacht Market share. Major industry players with significant revenue share include Alexander Marine Co Ltd, Damen Shipyards Group, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, Viking Yacht Company, and others.

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