AP NEWS
Click to copy
Press release content from Business Wire. The AP news staff was not involved in its creation.
Click to copy
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Luxury Yacht Market Opportunity Analysis and Industry Forecasts, 2018-2025 - ResearchAndMarkets.com

September 10, 2019

DUBLIN--(BUSINESS WIRE)--Sep 10, 2019--

The “Luxury Yacht Market by Size, Type, and Material: Global Opportunity Analysis and Industry Forecast, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The luxury yacht market size was valued at $5,703.4 million in 2017 and is expected to reach $10,205.7 million by 2025, registering a CAGR of 7.8% from 2018 to 2025.

Luxury yachts are large, luxurious, professionally crewed motors or sailing yachts with length varying from 75 feet and expanding to more than 250 feet. These are often available for chartered providing as well as private purposes to provide seamless luxury experience full of high standard and comfort. Luxury yachts are vessels 75 feet and above accommodated with sophisticated and luxurious and personalized facilities such as Jacuzzi spa, gymnasium, sauna, and sun pads.

The key factors that drive the growth of the luxury yacht market include change in lifestyle of people fueled by growth in high net worth individuals, rise in inclination toward recreational and leisure activities, and surge in trend of yacht tourism. Moreover, customized solutions according to specific requirements and designs have created new opportunities for the growth of the luxury yacht market.

However, factors such as high maintenance and running cost are expected to impede the market growth. Furthermore, novel innovations such as advanced composites and multihull yachts have gained huge traction in the recent years, which in turn are anticipated to create lucrative opportunities for the market expansion in the upcoming future.

The global luxury yacht market is segmented based on size, type, and material. Based on size, the luxury yacht market is segmented into 75-120 feet, 121-250 feet, and above 250 feet. Based on type, the market is divided into sailing luxury yacht, motorized luxury yacht and others. Based on material, the market is analyzed across FRP/composites, metal/alloys and others.

Key players profiled in the report include:

For more information about this report visit https://www.researchandmarkets.com/r/cjl19i

View source version on businesswire.com:https://www.businesswire.com/news/home/20190910005669/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: LUXURY RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 09/10/2019 09:09 AM/DISC: 09/10/2019 09:09 AM

http://www.businesswire.com/news/home/20190910005669/en

All contents © copyright 2019 The Associated Press. All rights reserved.