Global Luxury Yacht Market Growth 2025-2031

The global Luxury Yacht market size is predicted to grow from US$ 12880 million in 2025 to US$ 18620 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

Yachts with length greater than 79 feet are known as luxury yachts. They are mainly used for recreational purposes which are equipped with modern convenience features such as ACs, TV, navigation aids, radar, echo-sounding, autopilot, and reliable power generating systems.

The luxury yacht market is a high-end, niche segment of the global marine industry, primarily targeting affluent individuals and organizations looking for opulent, customized vessels for recreational or commercial purposes. This market has experienced growth in recent years due to increasing wealth among high-net-worth individuals (HNWIs) and their desire for unique and extravagant lifestyle choices. The global population of HNWIs has been increasing, especially in emerging markets such as Asia-Pacific, the Middle East, and Russia. This demographic is driving demand for luxury goods and experiences, including yachts. Luxury yacht charters are becoming a preferred way for wealthy individuals to travel and explore remote destinations in luxury. The desire for privacy and exclusivity in vacation experiences further drives the demand for private and chartered luxury yachts. Modern yachts are equipped with cutting-edge technology, such as advanced navigation systems, satellite communication, and automation. Eco-friendly innovations, such as hybrid propulsion systems and sustainable materials, are also becoming more prevalent. Sustainability has become a significant trend in the luxury yacht market. Companies are increasingly focusing on building eco-friendly yachts that use hybrid or fully electric propulsion systems to reduce emissions. The use of sustainable materials for yacht construction and efforts to minimize the environmental footprint of yachting are gaining momentum. Many luxury yacht buyers want yachts that reflect their personal taste and preferences. Customization can include unique interiors, high-end finishes, bespoke art collections, and luxurious amenities like infinity pools, gyms, and cinemas. Some yachts even have onboard garages for water sports equipment like jet skis, submarines, or helicopters. The global luxury yacht market is expected to continue its growth trajectory, driven by the increasing number of HNWIs, the desire for personalized experiences, and advancements in technology and sustainability. As more people seek unique, luxury travel experiences and invest in custom-built yachts, the market will likely see continued innovation and an expanding range of luxury offerings.

LP Information, Inc. (LPI) ' newest research report, the “Luxury Yacht Industry Forecast” looks at past sales and reviews total world Luxury Yacht sales in 2024, providing a comprehensive analysis by region and market sector of projected Luxury Yacht sales for 2025 through 2031. With Luxury Yacht sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Yacht industry.

This Insight Report provides a comprehensive analysis of the global Luxury Yacht landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Yacht portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Luxury Yacht market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Yacht and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Yacht.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Yacht market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Motor Luxury Yachts
Sailing Luxury Yachts

Segmentation by Application:
Private Use
Commercial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Azimut/Benetti
Sunseeker
Sanlorenzo
Feadship
Oceanco
Ferretti Group
Princess Yachts
Amels / Damen
Horizon
Westport
Overmarine
Trinity Yachts
Heesen Yachts
Lürssen
Cerri - Baglietto

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Yacht market?

What factors are driving Luxury Yacht market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Luxury Yacht market opportunities vary by end market size?

How does Luxury Yacht break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.