Luxury Yacht Market by Type (Motor Yachts, Sailing Yachts), by Size (Upto 50 Meters, 50 to 100 Meters, More than 100 Meters), by Application (Personal use, Commercial use), by By Type (Motor Yachts, Sailing Yachts) Forecast 2024-2032
The Luxury Yacht Marketsize was valued at USD 6.40 USD Billion in 2023 and is projected to reach USD 11.40 USD Billion by 2032, exhibiting a CAGR of 8.6 % during the forecast period. A luxury yacht is a waterproof luxurious vessel that is preferred for leisure purposes and it is elegant. These yachts are characterized by sophisticated engineering, beautiful interiors, and the highest quality services. It is classified into some categories, and they include motor yachts that operate through an engine for muscular power and efficiency in long-distance cruising and sailing yachts that are operated through the sail for pulling power and giving a traditional sea voyaging feel. Larger than the luxury yachts, a subcategory, superyachts are characterized by commodious and opulent facilities like swimming pools, spas, and helicopter landing pads. These luxury yachts are employed for leisure purposes, special occasions, and for charter purposes among the selected and prestigious personalities and they symbolize style and richness in water trips and voyages.
Luxury Yacht Trends
Type:
Size:
Application:
Strengths
Weaknesses
Opportunities
Threats
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.6% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.6% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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