At 7.8% CAGR, Luxury Yacht Market Size to see USD 10,205.7 Million Revenue by 2025

Big Market Research has added a report on the luxury yacht market. According to the report, the global luxury yacht market is anticipated to reach $10,205.7 million by 2025, growing at a CAGR of 7.8% from 2018 to 2025

PORTLAND, Oregon, June 26, 2019 /PRNewswire/ -- The Luxury Yacht Market report offers market definition and scope, key findings, top investment pockets, and top winning strategies in the industry during the forecast period. The study presents a comprehensive analysis of changing industry dynamics, leading manufacturers, competitive landscape, and key segments in the industry. The study also offers recent R&D activities, key drivers, current market conditions, and latest developments in the industry. The report is a helpful source of information for stakeholders, market players, investors, and new entrants to devise unique strategies for growth and take substantial steps to acquire a dominant position in the global market. 

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The report offers a detailed segmentation of the luxury yacht market. The market is categorized based on size, type, and material. Based on size, the study subsegments the market into 75-120 feet, 121-250 feet, and above 250 feet. Based on type, the study divides the market into motorized luxury yacht, sailing luxury yacht, and others. The study bifurcates the material type into FRP/composites, metal/alloys, and others. The study provides geographical distribution of the market which includes Europe, Asia-Pacific, Americas, and Middle East & Africa. Additionally, countries from each region are explored in the report. This analysis offers insights that help in determining the leading segments and emerging strategies to acquire a strong presence in the industry.

The report offers a list of leading market players operating in the luxury yacht industry. The key players explored in the industry include Horizon Yacht USA, Alexander Marine Co Ltd, Sunseeker International Limited, Azimut Benetti S.p.A., Feadship, FERRETTI S.P.A., Damen Shipyards Group, Princess Yachts International plc, Sanlorenzo Spa, and Viking Yacht Company. Additionally, the report offers in-depth quantitative and qualitative analysis of the recent trends in the market.

The report discusses the factors driving the growth of the luxury yacht sector. The key drivers include change in lifestyle of people due to the growth in high net worth individuals, increase in inclination toward recreational and leisure activities, and surge in trend of yacht tourism. Furthermore, customized solutions according to specific requirements and designs have developed new opportunities and are driving the growth of the luxury yacht market.

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The report is prepared on the basis of an in-depth evaluation of the industry by experts. The insights provided in the report help stakeholders to determine investment suitability and market players to grab opportunities for partnerships, collaborations, and agreements.  

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