Luxury Yacht Market Globally Grow at a CAGR of 7.01% by Revenue During the Forecast Period 2017-2020

Luxury yachts include modern convenience features such as air conditioners (ACs), televisions, navigation aids, radars, echo-sounding systems, autopilot facility, and power-generating system. The market is driven by several factors, including rising luxury tourism and recreational events. Yachts are often an extension of a status symbol for the HNWI population. This is because they fall into the ultra-luxury goods category along with luxury cars, watches, and jewelry.

Technavios analysts forecast the global luxury yacht market to grow at a CAGR of 7.01% during the period 2016-2020.

Covered :
The report covers the present scenario and the growth prospects of the global luxury yacht market for 2016-2020. To calculate the market size, the report includes the major drivers that are influencing the growth of the luxury yacht market.

Segments based on geography:

Technavio’s report, Global Luxury Yacht Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Azimut | Benetti
ISA Yacht
Overmarine Group

Other prominent vendors
Abeking & Rasmussen
Anastassiades & Tsortanides
Arcadia Yachts
Austral Yachts
Bloemsma Van Breemen
Cantiere delle Marche
Cantieri di Pisa
Corsair Marine
Couach Yachts

Key driver
Increase in tourism and recreational events across the globe.
For a full, detailed list, view our report

Key challenge
Motor luxury yachts have high operational costs.
For a full, detailed list, view our report

Key trend
Increasing preference for enhanced technologies to build yachts.
For a full, detailed list, view our report

For More Information Kindly Contact:

Mr. Nachiket Ghumare,
90 State Street, Albany NY, United States – 12207
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