Product Code: A11376
According to a new report published by Allied Market Research, titled, "Superyacht Market," The superyacht market was valued at $10.3 billion in 2022, and is estimated to reach $25.7 billion by 2032, growing at a CAGR of 9.8% from 2023 to 2032 due to growing demand for electric yachts and customization in superyachts
Moreover, these vessels frequently feature top-tier crew and service staff to cater to every need of those on board. Whether cruising through azure waters or docking at glamorous ports, a superyacht epitomizes the epitome of refined living on the high seas, representing a fusion of engineering marvels and sophisticated elegance. Factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of individuals, the rise of superyachts as a popular travel destination, increase in tourist attractions and luxury hotels are expected to drive the superyacht market.
As income levels of people around the world rise, spending on leisure activities also increases, which is driving the market. For example, the International Monetary Fund predicts that China's economy will expand by nearly 40% by 2028. Similarly, leisure spending in the U.S. is expected to reach 552.8 billion in 2023. In addition, the natural scenery of countries with maritime borders such as the Netherlands, the UK, and Italy, as well as the increase in tourism resources such as the skyscraper artificial islands of the UAE, are attracting many international visitors. It is visited every year by tourists, especially from wealthy people. These countries are also preferred destinations for promotional events and conferences where luxury yachts are leased. Therefore, the increase in leisure tourism is expected to have a positive impact on the growth of the global superyacht market.
The superyacht market is segmented based on size, application, propulsion and region. Depending on the size, the market is segregated into 30-80 meters and above 80 meters. By application, it is categorized into charter and private. Based on the propulsion, it is fragmented into motor, sailing and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.Key players covered in the report include Damen Yachting BV, Azimut Benetti Group S.p.A., Burgess, THE ITALIAN SEA GROUP S.p.A., Ferretti SpA, Horizon Yacht USA, Ocean Alexander Yachts, Inc., Overmarine, San Lorenzo and Sunseeker.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the superyacht market analysis from 2022 to 2032 to identify the prevailing superyacht market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the superyacht market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global superyacht market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- SWOT Analysis
Key Market Segments
By Size
- 30-80 meter
- Above 80 meter
By Application
By Propulsion
By Region
- North America
- Europe
- Italy
- Germany
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Damen Yachting
- Ferretti SpA
- Ocean Alexander
- Horizon Yacht USA
- Overmarine Group Spa
- THE ITALIAN SEA GROUP SpA
- Burgess
- Azimut Benetti
- Sunseeker
- SANLORENZO
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth in the Nautical Tourism Industry
- 3.4.1.2. Rising Global Wealth
- 3.4.1.3. Rising demand for sailing activities
- 3.4.2. Restraints
- 3.4.2.1. High price and maintenance cost
- 3.4.2.2. Rise in number of accidents on superyachts
- 3.4.3. Opportunities
- 3.4.3.1. Increase in technological advancements and design
- 3.4.3.2. Increasing emphasis on sustainable and eco-friendly practices
CHAPTER 4: SUPERYACHT MARKET, BY SIZE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. 30-80 meter
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Above 80 meter
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: SUPERYACHT MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Charter
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Private
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: SUPERYACHT MARKET, BY PROPULSION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Motor
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Sailing
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Other
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: SUPERYACHT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Size
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by Propulsion
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Size
- 7.2.5.1.2. Market size and forecast, by Application
- 7.2.5.1.3. Market size and forecast, by Propulsion
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Size
- 7.2.5.2.2. Market size and forecast, by Application
- 7.2.5.2.3. Market size and forecast, by Propulsion
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Size
- 7.2.5.3.2. Market size and forecast, by Application
- 7.2.5.3.3. Market size and forecast, by Propulsion
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Size
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by Propulsion
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Italy
- 7.3.5.1.1. Market size and forecast, by Size
- 7.3.5.1.2. Market size and forecast, by Application
- 7.3.5.1.3. Market size and forecast, by Propulsion
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Size
- 7.3.5.2.2. Market size and forecast, by Application
- 7.3.5.2.3. Market size and forecast, by Propulsion
- 7.3.5.3. Spain
- 7.3.5.3.1. Market size and forecast, by Size
- 7.3.5.3.2. Market size and forecast, by Application
- 7.3.5.3.3. Market size and forecast, by Propulsion
- 7.3.5.4. UK
- 7.3.5.4.1. Market size and forecast, by Size
- 7.3.5.4.2. Market size and forecast, by Application
- 7.3.5.4.3. Market size and forecast, by Propulsion
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Size
- 7.3.5.5.2. Market size and forecast, by Application
- 7.3.5.5.3. Market size and forecast, by Propulsion
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Size
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by Propulsion
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Size
- 7.4.5.1.2. Market size and forecast, by Application
- 7.4.5.1.3. Market size and forecast, by Propulsion
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Size
- 7.4.5.2.2. Market size and forecast, by Application
- 7.4.5.2.3. Market size and forecast, by Propulsion
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Size
- 7.4.5.3.2. Market size and forecast, by Application
- 7.4.5.3.3. Market size and forecast, by Propulsion
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Size
- 7.4.5.4.2. Market size and forecast, by Application
- 7.4.5.4.3. Market size and forecast, by Propulsion
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Size
- 7.4.5.5.2. Market size and forecast, by Application
- 7.4.5.5.3. Market size and forecast, by Propulsion
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Size
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by Propulsion
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Size
- 7.5.5.1.2. Market size and forecast, by Application
- 7.5.5.1.3. Market size and forecast, by Propulsion
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Size
- 7.5.5.2.2. Market size and forecast, by Application
- 7.5.5.2.3. Market size and forecast, by Propulsion
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Size
- 7.5.5.3.2. Market size and forecast, by Application
- 7.5.5.3.3. Market size and forecast, by Propulsion
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Damen Yachting
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
- 9.2. Azimut Benetti
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. Burgess
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
- 9.4. Ferretti SpA
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Horizon Yacht USA
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Ocean Alexander
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Overmarine Group Spa
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
- 9.8. SANLORENZO
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
- 9.9. Sunseeker
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. THE ITALIAN SEA GROUP SpA
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance