Luxury Yacht Market 2020-2024 | Increase In Recreational Tourism To Boost Growth | Technavio

·5-min read

Technavio has been monitoring the luxury yacht market and it is poised to grow by 310 units during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Luxury Yacht Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alexander Marine Co. Ltd., Azimut Benetti Spa, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Ferretti Spa, Fincantieri Spa, OVERMARINE GROUP Spa, Palumbo group Spa, and San Lorenzo Spa are some of the major market participants. Although the increase in recreational tourism will offer immense growth opportunities, high cost of operations will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increase in recreational tourism has been instrumental in driving the growth of the market. However, high cost of operations might hamper market growth.

Luxury Yacht Market 2020-2024 : Segmentation

Luxury Yacht Market is segmented as below:

■ Type

■ Motor Yachts

■ Sail Yachts

■ Geographic Landscape


■ Europe


■ North America

■ South America

To learn more about the global trends impacting the future of market research, download a free sample:

Luxury Yacht Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our luxury yacht market report covers the following areas:

■ Luxury Yacht Market size

■ Luxury Yacht Market trends

■ Luxury Yacht Market industry analysis

This study identifies the increase in HNWI population as one of the prime reasons driving the luxury yacht market growth during the next few years.

Luxury Yacht Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the luxury yacht market, including some of the vendors such as Alexander Marine Co. Ltd., Azimut Benetti Spa, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Ferretti Spa, Fincantieri Spa, OVERMARINE GROUP Spa, Palumbo group Spa, and San Lorenzo Spa. Backed with competitive intelligence and benchmarking, our research reports on the luxury yacht market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Luxury Yacht Market 2020-2024 : Key Highlights

■ CAGR of the market during the forecast period 2020-2024

■ Detailed information on factors that will assist luxury yacht market growth during the next five years

■ Estimation of the luxury yacht market size and its contribution to the parent market

■ Predictions on upcoming trends and changes in consumer behavior

■ The growth of the luxury yacht market

■ Analysis of the market’s competitive landscape and detailed information on vendors

■ Comprehensive details of factors that will challenge the growth of luxury yacht market vendors

Table Of Contents :

Executive Summary

■ Market Overview

Market Landscape

■ Market ecosystem

■ Value chain analysis

Market Sizing

■ Market definition

■ Market segment analysis

■ Market size 2019

■ Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

■ Five Forces Summary

■ Bargaining power of buyers

■ Bargaining power of suppliers

■ Threat of new entrants

■ Threat of substitutes

■ Threat of rivalry

■ Market condition

Market Segmentation by Type

■ Market segments

■ Comparison by Type placement

■ Motor yachts - Market size and forecast 2019-2024

■ Sail yachts - Market size and forecast 2019-2024

■ Market opportunity by Type

Customer Landscape

■ Overview

Geographic Landscape

■ Geographic segmentation

■ Geographic comparison

■ Europe - Market size and forecast 2019-2024

■ APAC - Market size and forecast 2019-2024

■ North America - Market size and forecast 2019-2024

■ South America - Market size and forecast 2019-2024

■ MEA - Market size and forecast 2019-2024

■ Key leading countries

■ Market opportunity by geography

Drivers, Challenges, and Trends

■ Market drivers

■ Volume driver - Demand led growth

■ Volume driver - Supply led growth

■ Volume driver - External factors

■ Volume driver - Demand shift in adjacent markets

■ Price driver - Inflation

■ Price driver - Shift from lower to higher priced units

■ Market challenges

■ Market trends

Vendor Landscape

■ Overview

■ Vendor landscape

■ Landscape disruption

Vendor Analysis

■ Vendors covered

■ Market positioning of vendors

■ Alexander Marine Co. Ltd.

■ Azimut Benetti Spa

■ Christensen Shipyards LLC

■ Damen Shipyards Group

■ Feadship Holland BV

■ Ferretti Spa

■ Fincantieri Spa


■ Palumbo group Spa

■ San Lorenzo Spa


■ Scope of the report

■ Currency conversion rates for US$

■ Research methodology

■ List of abbreviations

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.

View source version on


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200