Market Size –
The sailing yatch market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in popularity of luxury recreational activities, growth of tourism industry, increasing disposable income in emerging markets, increasing participation in sailing events, rise of yacht chartering and rental services.
The sailing yatch market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for eco friendly transportation, rising interest in experiential travel, growth in luxury tourism, increasing availability of yacht finance options, growth in coastal real estate development. Major trends in the forecast period include the integration of smart connectivity features, advancement in satellite communication systems, implementation of lightweight materials, adoption of virtual reality (VR) in design, advancement in navigation and mapping systems.
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Scope Of Sailing Yatch Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sailing Yatch Market Overview
Market Drivers –
The rise in tourism is expected to propel the growth of the sailing yacht market going forward. Tourism is fueled by improved transportation infrastructure, economic growth, marketing efforts, and increased disposable income. Sailing yachts support tourism by offering unique travel experiences, exploring remote destinations, and catering to the growing interest in luxury and adventure tourism. For instance, in 2023, according to the Croatian Bureau of Statistics, a Croatia-based government agency, commercial accommodation establishments saw 17.8 million tourist arrivals and 90.0 million tourist nights in 2022, up from 39.1% and 28.3%, respectively, in 2021. Therefore, rising tourism is driving the growth of the sailing yacht market.
Market Trends –
Major companies operating in the sailing yacht market are developing innovative technologies, such as boiler technology, to enhance speed and efficiency on the water. eFoiler technology is an advanced electric propulsion system that utilizes hydrofoil technology to lift the vessel’s hull above the water, thereby improving efficiency, reducing drag, and increasing speed. For instance, in June 2022, Artemis Technologies, a UK-based technology company, introduced the eFoiler system to power electric foiling workboats, marking a milestone in maritime sustainability with zero-emission vessels designed for high-speed, efficient operations. Capable of reaching speeds of 34 knots and covering 60 nautical miles, these vessels cater to global workboat and crew transfer needs while delivering superior efficiency and environmental benefits compared to fossil fuel alternatives.
The sailing yatch market covered in this report is segmented –
1) By Type: Non-Powered Yachts, Motor Yachts
2) By Propulsion Technology: Fixed Pitch Propulsion, Variable Pitch Propulsion, Folding Propulsion
3) By Application: Private Use, Commercial Use, Special Use
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Regional Insights –
Europe was the largest region in the sailing yacht market in 2023. The regions covered in the sailing yatch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sailing yatch market are Sabre Yachts Corporation, Ferretti S.p.A., Sunseeker, Hinckley Yachts, HanseYachts AG, Bavaria Yachts, Dufour Yachts, Catalina Yachts, Oceanco, Baltic Yachts Oy Ab Ltd., Nautor’s Swan Oy, Garcia Yachts, Tartan Yachts, BSI Group, Morris Yachts, Hylas Yachts International, Island Packet Yachts, RM Yachts, Azimut Benetti S.p.A., Alerion Yachts, Italia Yachts srl, Chantiers Amel
Table of Contents
1. Executive Summary
2. Sailing Yatch Market Report Structure
3. Sailing Yatch Market Trends And Strategies
4. Sailing Yatch Market – Macro Economic Scenario
5. Sailing Yatch Market Size And Growth
…..
27. Sailing Yatch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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