The global Yacht Industry is projected to reach US$74.7 billion by 2022, driven by the rising interest in luxury cruising among high net worth and ultra-high net worth individuals particularly in developing regions of Asia-Pacific and the Middle East. The market is richly benefiting from the growing trend towards marine tourism and water-based sports and leisure activity. Large yachts also called super yachts which are custom built and come with a premium price tag are poised to witness strong demand. Manufacturers of cruiser yachts are focusing on luxury features, thoughtful and futuristic seafaring designs, performance and craftsmanship, all of which are vital for delivering the most memorable on-the-water experience. The United States represents the largest market worldwide. China is forecast to register the fastest CAGR of 8.1% over the analysis period, driven by rising personal wealth of citizens, growing base of millionaires and billionaires, rising interest in yachting as a leisure and sporting activity, growing international dominance of Chinese yacht manufacturers based in Guandong and Shandong, and government plans to develop marine infrastructure for supporting yachts in the country.  

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Summary of Findings
  • Rise in the Number of Women Yachters Shifts Focus of Yacht Interior Design from Pool Tables & Beer Bars to Spa & Beauty Rooms
  • Large Sailing Yachts Gain Prominence Among the Growing Number of Ultra-High-Net-Worth Individuals (UHNWIs)
  • Solar Yachts Emerge as an Ideal Alternative to Diesel Engine-Powered Yachts
  • Rise of Coastal and Maritime Tourism Benefits Growth of Sailing and Nautical Sports
  • Growing Environmental Awareness Drives the Popularity of Eco-Friendly Kite-Powered Yachts

Timeline for Analysis
  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

Geographic Markets Analyzed
  • US, Canada, Europe (France, Germany, Italy, UK, and Rest of Europe), China, and Rest of World

Major Players
  • Azimut Benetti
  • Baglietto s.p.a
  • Bavaria Yachtbau GmbH
  • Brunswick Corporation
  • Cheoy Lee Shipyards Limited

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