(MENAFN- GlobeNewsWire - Nasdaq) The global yacht market, valued at USD 11.6 billion in 2024, is projected to grow at a CAGR of 6.65% until 2030. This growth is fueled by increasing luxury tourism demand and a rising interest in water sports and leisure activities. Notable developments include Azimut-Benetti's partnership with Rolls-Royce for yacht propulsion systems, and Sunseeker's launch at the Miami International Boat Show 2025, showcasing models like the Predator 75 and 76 Yacht. The European region leads the market with 44% share. Emphasizing smart technology integration and bespoke customization drives market trends. Key players include Azimut-Benetti, Ferretti Group, and Sunseeker.Dublin, Oct. 22, 2025 (GLOBE NEWSWIRE) -- The "Yacht Market Research Report 2025-2030" report has been added to ResearchAndMarkets's offering.
The global yacht market was valued at $11.6 billion in 2024 and is expected to reach $17.06 billion by 2030, growing at a CAGR of 6.65%due to growing demand for luxury tourism and rising interest in water sports and leisure activities.
The global yacht market report consists of exclusive data on 45 vendors. The market has a highly competitive and fragmented landscape with a mix of small players, niche players, and established global players. Larger players are heavily investing in developing new products to attract wider consumers and stay competitive in the market. Prominent companies have attained global recognition and are known for their exceptional craftsmanship and design. Companies focus on offering personalized and customized products to boost the consumer experience.
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The companies present in this market offer competitive pricing and promotions to attract new buyers. Mergers and acquisitions have been a defining feature of the yacht industry, reshaping its competitive landscape and fostering market expansion. Companies are focused on building greener, quieter, and more efficient yachts, which drive the investment in alternative fuels, sustainable materials, and hybrid propulsion. Companies are more focused on maintaining brand prestige and heritage. Many companies are focused on specialization in product offerings such as vessel purpose, by size, and by hull type.
YACHT MARKET GEOGRAPHICAL ANALYSIS
The European region dominates and holds the largest global yacht market share of 44%. Germany, the UK, France, Italy, and Spain are among the leading revenue contributors to the European yacht market. The region has witnessed significant adoption of smart technology and rising demand for AI-driven yacht connectivity, further shaping market growth.
High disposable incomes across European countries support greater spending on premium lifestyles and leisure activities, fueling demand for yachts. Europe's deep-rooted yachting tradition, combined with its appeal as a major tourist destination, makes it a hub for charter yachts. Both small and large yachts are in strong demand, as tourists seek to explore the continent's diverse coastlines, historic ports, and scenic islands. In 2024, Barcelona welcomed around 12 million visitors, while UK ports recorded approximately 1.6 million passenger embarkations, underscoring the region's robust potential for yacht tourism.
The APAC yacht market is expanding rapidly, fueled by a growing population of HNWIs and a notable increase in yacht ownership. Japan stands out for its advanced yacht construction capabilities, emphasizing precision and innovation, while Australia's vast coastlines and azure waters provide an ideal backdrop for both leisurely sailing and adventurous experiences. The region is also witnessing rising demand for smaller yachts, often favored for private leisure and exploration.
Hybrid-electric luxury catamarans are gaining significant traction in the APAC market, creating opportunities for brands that tailor their offerings to local preferences. Inland waterways such as the Yangtze River in China and the Mekong River in Cambodia and Vietnam are increasingly popular for cultural and exotic cruising experiences.
Motorized yachts are also experiencing strong growth in the region, driven by consumer preference for speed and convenience in short getaways, day cruises, and island-hopping. China, Hong Kong, Singapore, and Thailand are seeing rising yacht purchases alongside infrastructure development, with Thailand further strengthened by favorable tax incentives. Meanwhile, Australia and New Zealand maintain mature yachting cultures comparable to Europe, reinforcing APAC's position as a key growth region in the global yacht market.
YACHT MARKET TRENDS
Integration of Smart Technology and Connectivity
Integration of smart technology & connectivity is a significant trend in the yacht market. It is driven by several factors, including AI-driven navigation, intelligent operations & predictive maintenance, integrated bridge systems, centralized digital control systems, satellite connectivity & high-speed internet, and increased demand for smart entertainment. Smart technology in yachts incorporates advanced sensors, communication systems, electronics, and software.
It enables real-time data collection, remote control & monitoring, seamless integration, and automated systems. Real-time updates from instruments and AI-integrated forecasts help to manage the plan for safer trips by avoiding rough waters. Yachts remain steady due to automated systems. The sensors use data analysis and critical components to predict maintenance. They help to ensure the safety at sea.
Increasing Popularity of the Made-to-Measure Trend
The Made to Measure trend is a prominent one in the global yacht market. The key customization trends in yachts include interior personalization, advanced features, wellness spaces, sustainability, and entertainment. This trend is driven by several factors, which include increased demand for modular designs, significant growth in expedition yachts, increased demand for personalized service, increased focus on floating wellness, increased social & family needs, innovative semi-custom layouts, and technological integration. Yacht owners are looking for attractive designs that can reflect their style and help to meet their preferences. People are engaging in several activities such as day entertaining, simple relaxation, or watersports.
YACHT MARKET DRIVERS
Growing Demand for Luxury Tourism
Growth in luxury tourism demand is a significant driver in the global yachts market. The demand is driven by several factors, including increased focus on privacy & safety, high emphasis on customized & exclusive travel experiences, growth in luxury tourism, increased lifestyle investments and status symbols, demand for event-based destination tourism, and the quest for experiential & adventure travels.
The desire for exclusivity, privacy, and unique journeys has led many affluent tourists to consider yacht charters and yacht-based vacations as a preferred mode of travel. Regions such as the Amalfi Coast, St. Barts, the Bahamas, the French Riviera, and the Greek Isles are the yacht tourism hubs. The Monaco Yacht Show is one of the attractive events among luxury travelers who like to combine yachting with exclusive tourism events.
Rising Interest in Water Sports and Leisure Activities
Rising interest in water sports and leisure activities is a significant driver in the global yachts market. It is driven by several factors, including the increased demand for active leisure, growing popularity of yacht charters, growth in marine tourism, the demand for toy garages, integrating submarines & aircraft, and custom hubs for specific passions.
The demand for adventure yachts is rising significantly they are designed for long-range expeditions with water sports. The demand for watersports and leisure activities is rising significantly. They include day boating & cruising, diving, snorkeling, beach clubs, electric power water toys, etc. The popularity of wake surfing & wakeboarding activities is further fueling the growth among younger demographics.
INDUSTRY RESTRAINTS
High Purchasing Costs
High cost is a major challenge in the global yachts market. Several factors, including economic sensitivity, higher initial costs, and significant ongoing ownership expenses, can hinder the growth of the market. There are various ongoing expenses associated with ownership. High operating costs and fluctuating fuel prices pose significant challenges to the global yachts market. The high cost of maintaining and operating yachts includes port fees & taxes, maintenance & repairs, among others. Yachting requires regular repair and maintenance, which is highly complex but necessary to ensure functionality and safety. This cost can be higher, especially for older yachts.
KEY QUESTIONS ANSWERED:
Which type segment has the largest share in the global yacht market? How big is the global yacht market? What are the key drivers of the global yacht market? Which motorized yacht segment provides more business opportunities in the global yacht market? What is the growth rate of the global yacht market? Which region dominates the global yacht market? Who are the major players in the global yacht market?
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