The global superyacht market has experienced substantial growth over the past few years. Superyachts refer to luxury yachts that are over 30 meters (100 feet) in length. Factors such as rising high-net-worth individuals population, increasing recreational, and leisure boat industry have fueled market expansion. Additionally, the growing tourism industry globally has increased the demand for luxury cruising experiences. Superyacht provides ultra-luxurious accommodation along with experiential amenities including spa, gym, swimming pool, jacuzzi, sundeck, and jet ski. Prominent shipbuilders across Europe and the U.S. are investing in designing innovative superyachts with advanced features to attract affluent customers globally.
Market Dynamics:
Rising number of high-net-worth individuals around the world is a key driver for the global superyacht market. As per Capgemini, the number of millionaires and billionaires grew significantly between 2020 to 2022. Increasing disposable income has encouraged luxury spending on assets such as superyachts. Moreover, growing yachting activities and boat racing events by wealthy individuals are propelling market expansion. However, high maintenance and construction costs of superyachts remains a major restraint. Labor shortage faced by shipbuilding yards amid the COVID-19 pandemic has also challenged the timely delivery of superyachts. On the other hand, increasing yacht tourism and charter services are opening new opportunities. Superyacht manufacturers are enhancing digital features to drive charter bookings online.
Key Features of the Study:
Detailed Segmentation:
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Superyacht Market - Global forecast to 2031”
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients