The Luxury Yacht Global Market Report 2023, provides comprehensive information on the luxury yacht market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Luxury Yacht Global Market Report 2023, the global luxury yacht market size is expected to grow from $6.30 billion in 2022 to $6.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global luxury yacht market size is expected to grow to $9.61 billion in 2027 at a CAGR of 8.7%.
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Product innovations are a key trend gaining popularity in the luxury yacht market. Major companies operating in the luxury yacht market are focused on developing new and innovative yachts to sustain their position in the market. For instance, in April 2022, Numarine Denizcilik, a Turkey-based builder of high-performance motor yachts launched a 22XP yacht, an innovative and entry-level boat in the XP Series to date. The new yacht boasts roomy social rooms, a huge flybridge, and enormous angular windows similar to those on the 26XP. The interior of the 22XP is one of the largest available for a 70-footer. The 22XP’s floorplan features three or four roomy staterooms, including a master suite with a full beam. They are all located on the lower deck, which is well-lit by natural light. In addition, the 22XP includes a sizable main deck saloon, an open cockpit, and a majestic flybridge.
The luxury yacht market is segmented:
1) By Type: Motor Yacht, Sailing Yacht, Other Types
2) By Size: Less Than 50 Meters, 50-100 Meters, 100-150 Meters, More Than 150 Meters
3) By Hull Material: Fiber Reinforced Polymers And Composites, Metals And Alloys, Other Hull Materials
4) By Application: Commercial, Private
Europe was the largest region in the luxury yacht market in 2022.
The table of contents in TBRC’s luxury yacht market report includes:
1. Executive Summary
2. Luxury Yacht Market Characteristics
3. Luxury Yacht Market Trends And Strategies
4. Luxury Yacht Market – Macro Economic Scenario
5. Luxury Yacht Market Size And Growth
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26. Africa Luxury Yacht Market
27. Luxury Yacht Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Luxury Yacht Market
29. Luxury Yacht Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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