Global superyachts market is projected to grow at a CAGR of 7.26% during 2017 – 2022, chiefly driven by growing population of high net worth individuals in addition to upsurge in maritime tourism

Date: 25 May 2017

Over the recent years, the global superyachts industry has been growing rapidly as the global sales of Motor and Expedition luxury yachts have been witnessing rapid growth. Globally, the growth in the superyachts market is driven by increasing population of Ultra-High and High Net Worth Individuals as well as rising popularity of maritime tourism and recreational events. 

According to Azoth Analytics research report, “Global Superyachts Market: Analysis By Type(Motor, Sailing, Open, Expedition, Sport Fishing), By Region, By Country:Opportunities and Forecast (2017-2022) - By Region (North America, Europe, Middle East, APAC, ROW), By Country (U.S., Canada, Italy, Netherlands, U.K, U.A.E, Japan, China)”, global market is projected to display a robust growth represented by a CAGR of 7.26% during 2017 – 2022, chiefly driven by growing population of high net worth individuals in addition to upsurge in maritime tourism. The Superyachts have been divides into 5 segments namely, Motor, Sailing, Open, Sport Fishing and Expedition. 

With increasing incorporation of on-board amenities such as helicopter-pads, conference room, movie theatre, gymnasium, etc., the size of the boat has increased substantially over the past few years. Technological advancements have also enabled shipbuilders to manufacture long range explorer vessels that can withstand longer periods of time at sea. Major trend that the superyachts market has been witnessing over the years is introduction of new features and layouts in yachts.  

Among the segments, Motor Superyachts will continue to dominate the market. Owing to the rising trend of exploring remote destinations, the long range expedition superyachts market is anticipated to grow at a swelled pace. Among the regions, North America is predicted to maintain its dominant position in the forecast period. However Asia Pacific is expected to grow at the highest rate, mainly driven by dense population of ultra-wealthy clientele in the region.

The report titled “Global Superyachts Market: Analysis By Type(Motor, Sailing, Open, Expedition, Sport Fishing), By Region, By Country:Opportunities and Forecast (2017-2022)  - By Region (North America, Europe, Middle East, APAC, ROW), By Country (U.S., Canada, Italy, Netherlands, U.K, U.A.E, Japan, China)” has covered and analysed the potential of Global Superyachts Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global superyachts market. Additionally, the report also highlights market entry strategies for various companies across the globe.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Superyachts Market on the basis of Analysis By Type (Motor, Sailing, Open, Sport Fishing and Expedition), By Region (North America, Europe, Middle East, APAC and ROW) and By Country (U.S., Canada, Italy, Netherlands, U.K, U.A.E, Japan and China)

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