Global Yacht Market – Analysis by Vessel Type, Length, Application, Propulsion, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027) – Yahoo Finance | Gmx Pharm

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Summary According to a research report published by Azoth Analytics in July 2021, the global yacht market was valued at USD 7.98 billion in 2021. One of the most important factors affecting the yacht market is the increase in the UHNWI population.

NEW YORK, Aug. 03, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, Global Yacht Market – Analysis By Vessel Type, Length, Application, Propulsion, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)” – https://www.reportlinker.com/p06311754/?utm_source=GNW
As HNWI increases, so does the yachting industry’s addressable customer base. This gives the manufacturers of yachts a strong tailwind.

Along with a growing client base of UHNWIs, the size of their assets is also expected to grow in the coming years. This would result in the average size of yachts increasing or customers moving to models with a higher level of customization and premium features. In both cases, this should support the growth of the average selling price of yachts. Furthermore, the market has been growing in recent years due to factors such as growing demand for luxury tourism, increasing construction of superyachts, increasing number of boat shows, favorable government initiatives and increasing demand for yacht charter, etc.

The market is predicted to grow rapidly during the forecast period owing to various current trends such as customization and personalization, acute focus on green and sustainable products, Internet of Things, yachts becoming quieter due to technological advancement, explorer yachts becoming more popular, etc.

Based on vessel type, the market is segmented into Super/Mega, Flybridge, Sport, Cruiser and others. The super/mega yachts segment is expected to grow at a higher CAGR during the forecast period as the high share of this segment is attributed to the high popularity of these yachts among the end users.

It is estimated that America will hold the largest share of the global yacht market in 2021. During the forecast period, Asia Pacific is expected to be the fastest growing regional market. In addition, Asia-Pacific is experiencing strong growth due to various factors. Several factors have contributed to the rapid growth of yacht markets in Asia Pacific.

scope of the report
• The report analyzes the yacht market by value (millions of USD) and by volume (in numbers).

• The report analyzes the yacht market by vessel type (Super/Mega, Flybridge, Sport, Cruiser, Other)

• The report analyzes the yacht market by length (up to 20m, 20-50m, over 50m)

• The report analyzes the yacht market by application (residential use, commercial use)

• The report analyzes the yacht market by propulsion (motor, sail)

• The global yacht market has been analyzed by country (United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, Italy, China, Australia, Japan)

• The key findings of the report were presented as part of Porter’s five forces analysis. In addition, the attractiveness of the market was presented by region, by ship type, by length, by application and by propulsion

• The key opportunities, trends, drivers and challenges facing the industry have also been analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include: Ferretti SpA, Sanlorenzo Spa, HanseYachts AG, Brunswick Corporation, Beneteau Group, Ocean Alexander, Azimut Benetti, Princess Yachts, Sunseeker International, Damen Group

• The report provides the analysis of Yacht Market for the historical period 2016-2021 and the forecast period 2022-2027.

Important target group

• Yacht builders

• Financial and non-financial companies, retailers, etc.

• Government and policy makers

• Regulatory Authorities
Read the full report: https://www.reportlinker.com/p06311754/?utm_source=GNW

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