The global yacht market size is expected to reach USD 6.19 billion by 2025, registering a CAGR of 5.6% over the forecast period, according to a new report by Radiant Insights, Inc. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities across the globe are expected to further drive the market.
The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. Significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high net worth individuals are also likely to contribute to the growth of the regional markets.
Download Free Sample Report @ https://www.radiantinsights.com/research/yacht-market/request-sample
According to the World Bank, HNWI accounts for less than 1% of the world's total population and more than 40% of the world's total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.
The increasing adoption rate of yachts has compelled manufacturers to invest in research and development on building yachts using high strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.
Further key findings from the report suggest:
• The yacht market is anticipated to experience substantial growth with a CAGR of 5.6% on account of the growing emphasis on marine tourism
• The sports segment is anticipated to register a higher CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
• The 20 to 50 ft length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
• Asia Pacific is anticipated to register a higher CAGR over the forecast period owing to the presence of government initiatives to boost marine tourism and the rising disposable income of individuals
• The market is oligopolistic in nature and is dominated by key players such as Brunswick Corporation, Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a, Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited, among others.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/yacht-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Yacht Regional Marketplace: Key Takeaways
Chapter 3. Yacht Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint/challenge analysis
3.4.3. Market opportunity analysis
3.5. Penetration and Growth Prospect Mapping
3.6. Company Market Share Analysis, (2018)
3.7. Industry Analysis - Porter's Five Forces Analysis
3.8. PEST Analysis
Chapter 4. Yacht Market: Type Outlook
4.1. Yacht Market Share by Type, 2018 & 2025 (USD Million)
4.2. Super Yacht
4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
4.3. Flybridge Yacht
4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.4. Sport Yacht
4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.5. Long Range Yacht
4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.6. Others
4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. Significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high net worth individuals are also likely to contribute to the growth of the regional markets.
Download Free Sample Report @ https://www.radiantinsights.com/research/yacht-market/request-sample
 |
| Yacht Market |
According to the World Bank, HNWI accounts for less than 1% of the world's total population and more than 40% of the world's total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.
The increasing adoption rate of yachts has compelled manufacturers to invest in research and development on building yachts using high strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.
Further key findings from the report suggest:
• The yacht market is anticipated to experience substantial growth with a CAGR of 5.6% on account of the growing emphasis on marine tourism
• The sports segment is anticipated to register a higher CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
• The 20 to 50 ft length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
• Asia Pacific is anticipated to register a higher CAGR over the forecast period owing to the presence of government initiatives to boost marine tourism and the rising disposable income of individuals
• The market is oligopolistic in nature and is dominated by key players such as Brunswick Corporation, Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a, Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited, among others.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/yacht-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Yacht Regional Marketplace: Key Takeaways
Chapter 3. Yacht Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint/challenge analysis
3.4.3. Market opportunity analysis
3.5. Penetration and Growth Prospect Mapping
3.6. Company Market Share Analysis, (2018)
3.7. Industry Analysis - Porter's Five Forces Analysis
3.8. PEST Analysis
Chapter 4. Yacht Market: Type Outlook
4.1. Yacht Market Share by Type, 2018 & 2025 (USD Million)
4.2. Super Yacht
4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
4.3. Flybridge Yacht
4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.4. Sport Yacht
4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.5. Long Range Yacht
4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
4.6. Others
4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
4.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
No comments:
Post a Comment