Yacht market analysis shows the luxury yacht market was valued at $5.7b in 2017 and is expected to reach $10.2b by 2025. The 75-120 feet segment dominated the overall share of the luxury yacht market in 2017 and is expected to remain dominant during the forecast period. Factors driving growth include improved design, style, comfort, technological advances and performance in the 75-120 feet luxury yacht market.
The global luxury yacht market is segmented based on size, type and build material. The market is further divided into sailing luxury yacht, motorized luxury yacht and other configurations. Factors that will impact growth in the luxury yacht market include an increase in high net worth individuals and yacht tourism as well as new designs and the overall attractiveness of luxury yachting to a younger demographic. Chartering yachts is also one expected to be one of the major factors that fuels the growth of the global luxury yacht market.