Superyacht Market

Superyacht Market is valued at USD 18.8 Billion in 2021 and expected to reach USD 53.47 Billion by 2028 with a CAGR of 16.10% over the forecast period.

Scope of Global Superyacht Market

Superyachts are like regular yachts but bigger and therefore more expensive. A superyacht also known as luxury yacht or megayacht is a commercially operated professionally crewed sailing or motor yacht that has a loadline length of 24 metres and above. Approximately there are more than 4476 superyachts in the world of which a quarter are available for charter. Sales of these luxury yacht vessels are way up every year, nearly 300 superyachts were sold in 2018 compared to 249 such sold in 2017. Growing ultra-high net worth households, adventure enthusiasts, anticipation of privacy and leisure activities are influencing positive growth of global superyacht market.

Global superyacht market is segmented on the basis of yacht type, yacht size and region. On the basis of yacht type the superyacht market is segmented in to motor yacht, sailing yacht and others. On the basis of yacht size, the market is segmented in to below 40-meter, 40-80 meter and above 80 meters.

The regions covered in this superyacht market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Superyacht is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Superyacht Market Key Players

• Amels
• Azimut Benetti
• Blohm Voss Heensen Yachts
• Christensen Shipyards
• Fincanteri
• Holland Jachtbouw
• ISA Yachts
• Lurssen Sunseeker Yachts
• Moonen Shipyards
• Mulder Shipyards
• Nobiskrug
• Oceanco Feadship
• OVERMARINE Group
• Perini Navi
• Royal Huisman
• Others

Superyacht Market Segmentation

By Superyacht Type

• Motor yacht
• Sailing yacht
• Explorer yacht
• Chatamarn Yacht
• Support Yacht
• Classic Yacht
• Displacement Yacht
• Fishing Yacht
• Luxury yacht

By Ownership

• Commercial
• Private

By Propulsion

• Diesel
• Electric
• Hybrid

By Yacht Size

• 24 to 40 Metres
• 40 to 60 Metres
• 60 to 100 Metres
• Above 100 Metres

Market Dynamics

Growing demand of luxury cruising among rich and super rich individuals mainly in developing and developed countries. Sub 50-metre yacht segment is sold in highest numbers which is approximately 80% of new superyachts sold in 2017. However, sales of large yachts over 80-meters decreased in 2017. Among type of yachts, highest number of motor yachts are sold followed by sailing yachts. The superyachts are also in demand due to increasing interest in marine tourism, water-based sports and leisure activities. Also, these superyachts are used for travelling through sea from one destination to other by many rich people which propels the market to grow. Solar powered yachts are innovated recently in superyacht industry which creates opportunity for this market. The main restraining factor for superyacht market is the high cost of the yachts which can only be afforded by super rich customers.

North America is dominating the superyacht market with largest share and expected to maintain its position in forecast period due to presence of major yacht’s manufacturers, increasing demand of motor superyachts for water sports and leisure activities and presence of super rich families. As of 2018, USA has largest number of superyacht owners which is about 407 yachts. Europe is the second largest in superyacht market with many superyacht ownerships among countries like Russia, Greece and UK due to increasing water sports activity, and marine tourism. As for Asia Pacific, it is the fastest growing region in global superyacht market due to growing economy, rising adoption of high standard of living and growing travel & tourism sector. As for Middle east and African region the market will have moderate growth due to presence of rich countries like Saudi Arabia.

By Region

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 18.8 Billion
Base year considered	2021
Forecast Period CAGR %:	16.10%
Market Size Expected in 2028:	USD 53.47 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Amels, Azimut Benetti, Blohm Voss Heensen Yachts, Christensen Shipyards, Fincanteri, Holland Jachtbouw, ISA Yachts, Lurssen Sunseeker Yachts, Moonen Shipyards, Mulder Shipyards, Nobiskrug, Oceanco Feadship, OVERMARINE Group, Perini Navi, Royal Huisman, Others.
Segments Covered	By Yacht Type, By Yacht Size
Regional Analysis	North America, U.S., Canada, Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA