Market Overview

Global Luxury Yacht Market | 12% CAGR Growth Expected Through 2022 | Technavio

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The global luxury yacht market is expected to post a CAGR of close to 12%
during the period 2018-2022, according to the latest market research
report by Technavio.
However, the growth momentum of the market is expected to decelerate due
to a decline in the year-over-year growth.

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Technavio has published a new market research report on the global luxury yacht market from 2018-202 ...

Technavio has published a new market research report on the global luxury yacht market from 2018-2022. (Graphic: Business Wire)

Technavio researchers highlight the increase in recreational tourism as
a potential driver for market growth. Tourism is a major economic
activity across the globe and is a significant contributor to economic
growth, employment, and social development of numerous countries. It
also plays a key role in the global luxury yacht market, where
commercial yacht operators or fleet operators form a significant part of
the business. Also, the natural landscape of various countries such as
Greece, Spain, France, and Italy, attracts tourists from across the
world. These places are also popular destinations for business events
and meetings, where luxury yachts are leased from yachts fleet operators.

This market research report on the global
luxury yacht market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the use of advanced materials as
one of the key emerging trends in the global luxury yacht market:

Global luxury yacht market: Use of advanced
materials

Most traditional yachts are built using either steel or aluminum, which
makes the yachts heavy and reduces their fuel economy. Although steel
and aluminum are less expensive than alternative materials, such as
glass fiber reinforced materials or pure carbon fiber, yachts makers
realize the overall benefits of using carbon fiber in the construction
of the boat.

"Carbon fiber extensively reduces the yachts weight, which makes the
yacht fast and fuel efficient. This cost saving from improved fuel
economy off-sets the additional manufacturing cost incurred by using
carbon-fiber. Also, carbon-fiber provides additional strength and
durability to the boat's dynamics, which enables it to withstand harsh
conditions in seas,"
says a senior analyst at Technavio for research
on automotive manufacturing.

Global luxury yacht market: Segmentation
analysis

This market research report segments the global luxury yacht market by
geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of nearly 40% of
the market share. The market share occupied by this region is
anticipated to decrease by nearly 13% during 2018-2022. By 2022, EMEA is
expected to gain a significant amount of market share by almost 15%.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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