Product Code: 21192
The Global Luxury Yacht Market, valued at USD 9.9 Billion in 2024, is projected to experience a CAGR of 7.2% to reach USD 15.02 Billion by 2030. A luxury yacht is a privately owned, high-value vessel designed primarily for leisure, comfort, and entertainment, distinguished by its bespoke amenities and advanced technological integrations. The market's growth is primarily supported by the increasing global population of high-net-worth individuals, a sustained demand for exclusive private travel experiences, and the expansion of global luxury yacht charter services.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 9.9 Billion |
| Market Size 2030 | USD 15.02 Billion |
| CAGR 2025-2030 | 7.2% |
| Fastest Growing Segment | Sports Yacht |
| Largest Market | North America |
Key Market Drivers
The sustained expansion of the global high-net-worth (HNW) and ultra-high-net-worth (UHNW) individual population serves as a foundational driver for the luxury yacht market, directly influencing the accessible client base. This demographic segment possesses the requisite discretionary wealth for significant luxury asset acquisitions and the associated operational costs. According to Business Forum, in April 2025, reporting on Knight Frank's latest Wealth Report, the number of HNWIs globally with over US$10 million in assets increased by 4.4% to 2,341,378 in 2024, underscoring a growing pool of potential yacht owners and charter clients.
Key Market Challenges
Macroeconomic instability and geopolitical uncertainties present a notable impediment to the growth of the Global Luxury Yacht Market. Such global conditions directly influence the purchasing behavior of high-net-worth individuals, who typically reduce discretionary spending on luxury assets during periods of economic uncertainty or heightened global tension. This immediate reduction in consumer confidence translates directly into a weakened demand for new and pre-owned luxury yachts.
Key Market Trends
The Global Luxury Yacht Market is significantly influenced by the escalating adoption of sustainable yachting technologies. This trend reflects a growing industry commitment to environmental responsibility, addressing both consumer demand for eco-conscious vessels and increasing regulatory pressures for reduced emissions. Manufacturers are actively integrating advanced solutions such as hybrid and electric propulsion systems, alternative fuels, and energy-efficient onboard operations. According to the International Council of Marine Industry Associations (ICOMIA) in November 2023, new research outlined a portfolio of technologies aimed at decarbonizing recreational boating, with sustainable liquid marine fuels expected to reduce carbon emissions by as much as 9% by 2035 without compromising performance.
Key Market Players
- Azimut Benetti
- Damen Yachting
- Ferretti S.p.A.
- Groupe Beneteau
- Hanse Group
- Heesen Luxury Yachts
- Princess Luxury Yachts
- Royal Huisman Shipyard BW.
- Sanlorenzo S.p.A
- Sunseeker International Ltd.
Report Scope:
In this report, the Global Luxury Yacht Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Luxury Yacht Market, By Type:
- Flybridge Yacht
- Sports Yacht
- Cruiser Yacht
Luxury Yacht Market, By Length:
- 24 - 45 Meters
- Above 45 Meters
Luxury Yacht Market, By Propulsion:
Luxury Yacht Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Luxury Yacht Market.
Available Customizations:
Global Luxury Yacht Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Luxury Yacht Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Flybridge Yacht, Sports Yacht, Cruiser Yacht)
- 5.2.2. By Length (24 - 45 Meters, Above 45 Meters)
- 5.2.3. By Propulsion (Motor, Sail)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Luxury Yacht Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Length
- 6.2.3. By Propulsion
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Luxury Yacht Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Length
- 6.3.1.2.3. By Propulsion
- 6.3.2. Canada Luxury Yacht Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Length
- 6.3.2.2.3. By Propulsion
- 6.3.3. Mexico Luxury Yacht Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Length
- 6.3.3.2.3. By Propulsion
7. Europe Luxury Yacht Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Length
- 7.2.3. By Propulsion
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Luxury Yacht Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Length
- 7.3.1.2.3. By Propulsion
- 7.3.2. France Luxury Yacht Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Length
- 7.3.2.2.3. By Propulsion
- 7.3.3. United Kingdom Luxury Yacht Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Length
- 7.3.3.2.3. By Propulsion
- 7.3.4. Italy Luxury Yacht Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Length
- 7.3.4.2.3. By Propulsion
- 7.3.5. Spain Luxury Yacht Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Length
- 7.3.5.2.3. By Propulsion
8. Asia Pacific Luxury Yacht Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Length
- 8.2.3. By Propulsion
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Luxury Yacht Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Length
- 8.3.1.2.3. By Propulsion
- 8.3.2. India Luxury Yacht Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Length
- 8.3.2.2.3. By Propulsion
- 8.3.3. Japan Luxury Yacht Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Length
- 8.3.3.2.3. By Propulsion
- 8.3.4. South Korea Luxury Yacht Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Length
- 8.3.4.2.3. By Propulsion
- 8.3.5. Australia Luxury Yacht Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Length
- 8.3.5.2.3. By Propulsion
9. Middle East & Africa Luxury Yacht Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Length
- 9.2.3. By Propulsion
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Luxury Yacht Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Length
- 9.3.1.2.3. By Propulsion
- 9.3.2. UAE Luxury Yacht Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Length
- 9.3.2.2.3. By Propulsion
- 9.3.3. South Africa Luxury Yacht Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Length
- 9.3.3.2.3. By Propulsion
10. South America Luxury Yacht Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Length
- 10.2.3. By Propulsion
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Luxury Yacht Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Length
- 10.3.1.2.3. By Propulsion
- 10.3.2. Colombia Luxury Yacht Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Length
- 10.3.2.2.3. By Propulsion
- 10.3.3. Argentina Luxury Yacht Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Length
- 10.3.3.2.3. By Propulsion
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Luxury Yacht Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Azimut Benetti
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Damen Yachting
- 15.3. Ferretti S.p.A.
- 15.4. Groupe Beneteau
- 15.5. Hanse Group
- 15.6. Heesen Luxury Yachts
- 15.7. Princess Luxury Yachts
- 15.8. Royal Huisman Shipyard BW.
- 15.9. Sanlorenzo S.p.A
- 15.10. Sunseeker International Ltd.
16. Strategic Recommendations
17. About Us & Disclaimer