Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Luxury Yacht Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Luxury Yacht Market Grow Between 2024 and 2025?
The market size of the luxury yacht industry has seen robust growth recently. It is projected to increase from $7.45 billion in 2024 to $8.06 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
How Much Will the Luxury Yacht Market Be Worth in 2029?
By 2029, the global luxury yacht market is projected to reach a size of $11.43 billion, growing at a compound annual growth rate (CAGR) of 9.1%.
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Which Luxury Yacht Market Drivers Are Linked to Revenue Growth?
The key drivers in the luxury yacht market are:
• Rising urbanization and the growth of tourism
• Increase in the global population and the number of high-net-worth individuals
• The emergence and implementation of innovative technologies such as fuel cell technology and AI in luxury yachts
• Strategic partnerships, collaborations and product innovations within the industry
Which Segments Are Expected to Grow in the Luxury Yacht Market?
The luxury yacht market covered in this report is segmented –
1) By Type: Motor Yacht, Sailing Yacht
2) By Size: Up To 100 Meters, 100-150 Meters, Above 150 Meters
3) By Hull Material: Fiber Reinforced Polymers And Composites, Metals And Alloys, Other Hull Materials
4) By Application: Commercial, Private
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What Are The Key Trends Impacting Growth In The Global Luxury Yacht Market?
The key trends in the luxury yacht market are:
• There is a developing trend towards the adoption of fuel cell technology in the luxury yacht market.
• The luxury yacht industry is seeing a move towards the use of luxury hydrogen-powered superyachts.
• The use of online community and streaming services for luxury yachts is an emerging trend in this market.
• Advancements in artificial intelligence and innovative product developments are increasingly shaping the future of the market.
Who Are the Key Competitors in the Global Luxury Yacht Market?
Major players in the luxury yacht market are:
• Ferretti S.p.A
• Azimut Benetti SpA
• Sanlorenzo S.p.a
• Feadship
• Princess Yachts Limited
• Fr. Lürssen Werft GmbH & Co.KG
• Italian Sea Group
• Fincantieri S.p.A.
• Sunseeker International
• Brunswick Corporation
• Maritimo Factory
• A H Wadia Boat Builders
• XS Marines
• New Japan Yacht Co
• GHI Yachts
• Hyundai Yachts Co., Ltd
• Riviera Australia Pty. Ltd
• Australian Superyachts Pty Ltd
• HeySea Yachts
• Horizon Yacht
• Cheoy Lee Shipyards Ltd
• Changzhou Baote Yacht Co., Ltd
• Fujian Yihong Yacht Corp
• Hunan Blue Point Supply Chain Co., Ltd
• Burgess Yachts
• Damen Yachting
• Arksen
• U-Boat Worx
• AB Yachts
• Groupe Beneteau
• Alva Yachts
• Timeless Yachts
• Hatteras Yachts
• Westport Yachts
• YMCA Yachting
• Christensen Shipyards
• Ocean Alexander
• Alexander Marine USA
• Viking Yacht Company
• Quantum Sails
• Michael Rybovich & Sons Boatworks
• Burger Boat Company
• MCP Yachts
• Sterling Yachts
• Fibrafort Shipyard
• Delta Yachts
• Flexboat Construções Náuticas Ltda.
• Schaefer Yachts
• AS Marine
• Oryx Yachts
• Majesty Yachts
• Nomad Yachts
• Moonday Yachts
• Yerliyurt Marin
• Numarine
• Robertson & Caine
• Falcon Inflatables
• Dean Catamarans
• Almaroon
• De Birs Yachts
• Tiger Marine
Where Is the Luxury Yacht Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the luxury yacht market in 2024
