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Global Luxury Yacht Market 2016-2020

Global Luxury Yacht Market 2016-2020

About Luxury Yacht

Luxury yachts include modern convenience features such as air conditioners (ACs), televisions, navigation aids, radars, echo-sounding systems, autopilot facility, and power-generating system. The market is driven by several factors, including rising luxury tourism and recreational events. Yachts are often an extension of a status symbol for the HNWI population. This is because they fall into the ultra-luxury goods category along with luxury cars, watches, and jewelry.

Technavio’s analysts forecast the global luxury yacht market to grow at a CAGR of 7.01% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury yacht market for 2016-2020. To calculate the market size, the report includes the major drivers that are influencing the growth of the luxury yacht market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Luxury Yacht Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AMELS
  • Azimut | Benetti
  • Feadship
  • ISA Yacht
  • Overmarine Group
Other prominent vendors
  • Abeking & Rasmussen
  • Anastassiades & Tsortanides
  • Arcadia Yachts
  • Astondoa
  • Austral Yachts
  • Bilgin
  • Bloemsma Van Breemen
  • Cammenga
  • Canados
  • Cantiere delle Marche
  • Cantieri di Pisa
  • Castagnola
  • Chediek
  • CNB
  • Corsair Marine
  • Couach Yachts
  • CRN
  • Danish Yachts
  • De Schepper
  • Derecktor
  • Falcon Yachts
  • Ferretti Group
  • Fitzroy Yachts
  • Geta Corp
  • Green Marine
  • Ter Haak Group
  • Hakvoort
  • Heesen Yachts
  • Holland Jachtbouw
  • Horizon
  • ICON Yachts
  • Inace
  • Intermarine
  • Johnson Yachts
  • Kvaerner
  • Lloyd's Ship
  • Lürssen
  • MAG
  • Mengi-Yay
  • Mondo Marine
  • Nautor's Swan
  • Neta Marine
  • Ortona Navi
  • Oyster
  • Palmer Johnson
  • Palumbo
  • Per Mare
  • Perini Navi
  • Pershing
  • Posillipo
  • Princess
  • Riva
  • Rossi Navi
  • Royal Huisman
  • Sanlorenzo
  • Southern Wind
  • Sterling
  • Steve Ward
  • Tecnomar
  • Trumpy
  • Van Dam Nordia
  • Vitters
  • Warren Yachts
  • Witsen & Vis
Market driver
  • Increase in tourism and recreational events across the globe.
  • For a full, detailed list, view our report
Market challenge
  • Motor luxury yachts have high operational costs.
  • For a full, detailed list, view our report
Market trend
  • Increasing preference for enhanced technologies to build yachts.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Luxury Yacht Market 2016-2020

Technavio recognizes the following companies as the key players in the global luxury yacht market: AMELS, Azimut | Benetti, Feadship, ISA Yacht, and Overmarine Group.

Other Prominent Vendors in the market are: Abeking & Rasmussen, Anastassiades & Tsortanides, Arcadia Yachts, Astondoa, Austral Yachts, Bilgin, Bloemsma Van Breemen, Cammenga, Canados, Cantiere delle Marche, Cantieri di Pisa, Castagnola, Chediek, CNB, Corsair Marine, Couach Yachts, CRN, Danish Yachts, De Schepper, Derecktor, Falcon Yachts, Ferretti Group, Fitzroy Yachts, Geta Corp, Green Marine, Ter Haak Group, Hakvoort, Heesen Yachts, Holland Jachtbouw, Horizon, ICON Yachts, Inace, Intermarine, Johnson Yachts, Kvaerner, Lloyd's Ship, Lürssen, MAG, Mengi-Yay, Mondo Marine, Nautor's Swan, Neta Marine, Ortona Navi, Oyster, Palmer Johnson, Palumbo, Per Mare, Perini Navi, Pershing, Posillipo, Princess, Riva, Rossi Navi, Royal Huisman, Sanlorenzo, Southern Wind, Sterling, Steve Ward, Tecnomar, Trumpy, Van Dam Nordia, Vitters, Warren Yachts, and Witsen & Vis.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing preference for enhanced technologies to build yachts. Many yacht makers are investing in various technologies to enhance manufacturing processes to build fuel-efficient and advanced boats. Technological advancements include atmosphere sensor technology that includes equipment for detecting carbon monoxide; wireless technology for boat-based internet service, communication, and navigation; and off-boat tracking, monitoring, and control. Yacht makers are also investing in new radical designs to improve the safety and durability of the boat.”

According to the report, one driver in the market is increase in tourism and recreational events across the globe. Tourism is a significant contributor to the economic growth, employment opportunities, and social development across the globe. Tourism also plays an important role in the luxury yacht market, wherein commercial or fleet operators form a significant part of the business. Europe has one of the largest and attractive ports for yachts. The Port of Rotterdam in Netherlands is Europe's largest yacht ports, where about 77 yachts are docked for luxury tourists.

Further, the report states that one challenge in the market is motor luxury yachts have high operational costs. Motor luxury yachts are completely equipped with autopilot mode, ACs, televisions, navigation aids, and radar and echo-sounding systems. To power all the mentioned amenities, these yachts require a reliable power generating system. ICEs that use gasoline and diesel as fuel facilitate the operations of luxury yachts, including powering the aforementioned facilities installed onboard. The ICEs help these luxury yachts run at a speed of up to 70 knots, which use a significant amount of fuel. Therefore, motor luxury yachts, with high fuel costs, are more expensive to operate than sailing luxury yachts. Refueling a large Sunseeker yacht can cost more than $50,000 each time. With a high cost of operation, the commercial use of luxury yachts is challenging, along with private operation being low.



Companies Mentioned

AMELS, Azimut | Benetti, Feadship, ISA Yacht, Overmarine Group, Abeking & Rasmussen, Anastassiades & Tsortanides, Arcadia Yachts, Astondoa, Austral Yachts, Bilgin, Bloemsma Van Breemen, Cammenga, Canados, Cantiere delle Marche, Cantieri di Pisa, Castagnola, Chediek, CNB, Corsair Marine, Couach Yachts, CRN, Danish Yachts, De Schepper, Derecktor, Falcon Yachts, Ferretti Group, Fitzroy Yachts, Geta Corp, Green Marine, Ter Haak Group, Hakvoort, Heesen Yachts, Holland Jachtbouw, Horizon, ICON Yachts, Inace, Intermarine, Johnson Yachts, Kvaerner, Lloyd's Ship, Lürssen, MAG, Mengi-Yay, Mondo Marine, Nautor's Swan, Neta Marine, Ortona Navi, Oyster, Palmer Johnson, Palumbo, Per Mare, Perini Navi, Pershing, Posillipo, Princess, Riva, Rossi Navi, Royal Huisman, Sanlorenzo, Southern Wind, Sterling, Steve Ward, Tecnomar, Trumpy, Van Dam Nordia, Vitters, Warren Yachts, Witsen & Vis.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Scope of the report
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Yacht: An overview
    • Types of luxury yacht market by propulsion
      • Table Segmentation of luxury yacht market by propulsion
    • Types of luxury yacht by size
      • Table Segmentation of luxury yacht market by size
    • Value chain analysis
      • Table Value chain analysis of luxury yacht market
  • Market landscape
    • Market overview
      • Table Segmentation of the luxury yacht market
    • Market size and forecast
      • Table Global unit shipment of luxury yacht 2015-2020 (in units)
    • Five forces analysis
      • Table Five forces analysis of global luxury yacht market
  • Geographical segmentation
    • Table Geographic segmentation of the luxury yacht market 2015
    • Table Geographic segmentation of the luxury yacht market 2020
    • Table Unit shipment of global luxury yacht market 2015-2020 (in units)
    • EMEA
      • Table Luxury yacht market in EMEA 2015-2020 (in units)
    • Americas
      • Table Luxury yacht market in Americas 2015- 2020 (in units)
    • APAC
      • Table Luxury yacht market in APAC 2015-2020 (in units)
  • Market drivers
    • Increase in tourism and recreational events across the globe
    • High HNWI population and wealth
      • Table Pyramid showing wealth wise HNWI type
    • Growing number of luxury marinas
  • Market challenges
    • Motor luxury yachts have high operational costs
    • Postponed purchases
  • Market trends
    • Shift toward use of advanced materials in yacht building
    • Increasing preference for enhanced technologies to build yachts
    • Growing focus on emerging markets
    • Tailored experience preference by HNWI population rather than replica
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • AMELS
    • Azimut | Benetti
    • Feadship
    • ISA Yacht
    • Overmarine Group
  • Appendix
    • List of abbreviations
  • Explore Technavio

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