December 2, 2021

Luxury Yacht Market to grow at a CAGR 11.32% by 2025 | Evolving Opportunities with Azimut Benetti SpA & Brunswick Corp. | 17000+ Technavio Reports

NEW YORK, Nov. 4, 2021 /PRNewswire/ — Technavio’s latest offering, Luxury Yacht Market report provides a detailed analysis on the…

NEW YORK, Nov. 4, 2021 /PRNewswire/ — Technavio’s latest offering, Luxury Yacht Market report provides a detailed analysis on the competitive scenario, trends, drivers challenges, and the market growth across various regions. The luxury yacht market value is expected to grow by 327.00 units, progressing at a CAGR of 11.32%  from 2020 to 2025.

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Market Dynamics

Factors such as an increase in recreational tourism, digital marketing and increasing social media use will be crucial in driving the growth of the market. But the high cost of operations will restrict the market growth.

Company Profiles

The luxury yacht market report includes information on the product launches, sustainability, and prospects of leading vendors including Alexander Marine International Co. Ltd., Azimut Benetti SpA, Brunswick Corp., Christensen Shipyards LLC, Damen Shipyards Group NV, Feadship Holland BV, FERRETTI SpA, Heesen Yachts Sales BV, Overmarine Group Spa, and Palumbo Group Spa.

Competitive Analysis

The competitive scenario provided in the luxury yacht market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Key Regions

34% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for the luxury yacht market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Market Segmentation

  • By Type, the market is classified into Motor Yachts and Sail Yachts. The luxury yacht market share growth by the motor yacht segment will be significant
  • By Geography, the market is classified as Europe, APAC, North America, South America, and MEA. Europe will have the largest share of the market.

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Luxury Yacht Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.32%

Market growth 2021-2025

327.00 units

Market structure

Fragmented

YoY growth (%)

11.06

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

Europe at 34%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alexander Marine International Co. Ltd., Azimut Benetti SpA, Brunswick Corp., Christensen Shipyards LLC, Damen Shipyards Group NV, Feadship Holland BV, FERRETTI SpA, Heesen Yachts Sales BV, Overmarine Group Spa, and Palumbo Group Spa

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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