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Upcoming Allied Market Research
2021
Superyacht Market

Superyacht Market by Length (<120 ft., 12-250 ft. and >250 ft), Price (<$25 m, $25 - $100 m and >$100 m), and Propulsion Type (Motor, Sail and Electric/solar): Global Opportunity Analysis and Industry Forecast, 2021–2027

A11376
Pages: NA
Dec 2021 | 607 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Superyacht Market Outlook - 2027

A yacht is a sail or power vessel used for pleasure, cruising, or racing. Yacht vessels have a cabin with amenities that accommodate overnight use. Ambient lighting and focus lighting have always been an important area of super-yacht interior designers. Now with growing LED usage, multi-colored lighting can be applied to previously inaccessible spaces. Textiles/Fabrics are an important element in the interior design. Now, there is quite a lot of flexibility in customization (color and thickness) available in fabric/leather, which was just not there a decade ago. Previously, the use of glass was restricted because it was heavy. Now with better technology, glasses are being used to improve the structural styling of yachts, and not just doors and windows.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2021–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Length, price, and propulsion type

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Azimut-Benetti Group, Feretti Group, Sanlorenzo, Feadship, Gulf Craft, Torquoise Yacht, Ocenanco, Sunseeker, Horizon Yachts, The Italian Sea Group, Heesen yachts, Princess Yachts, Lynx Yachts, and Ocean Alexander

 

COVID-19 SCENARIO ANALYSIS

  • The global outbreak of the Coronavirus (COVID-19) disease has had a profound effect on the travel industry and Superyacht industry.
  • Coronavirus caused demand to fall lower, and remain at lower levels for much longer than a usual year.
  • While the summer yacht charter season may still be a few months away, yacht owners and charterers will have already entered into their charter agreements prior to the rise of the COVID-19.
  • Waves of the coronavirus will set off fears of a recession an economy of every country and will result in unemployment.
  • Considering the nature of the industry, there is optimism that once the coronavirus situation improves, the charter market will be quick to bounce back.

Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The significant factors impacting the growth of the Superyacht market are popularity of nautical tourism underpins yacht and adoption of technologically advanced yachts. However, high operating and maintenance cost hampers the growth of the automotive Superyacht market. On the other hand, changing lifestyle of people and technological advancements will fuel the demand for the Superyacht market.

Popularity of nautical tourism underpins yacht

Nautical tourism combines sailing and boating with vacation and holiday activities. It is a form of tourism that is generally more popular in the summertime. This nautical tourism leads to the growth of the Superyacht market in near future.

Adoption of technologically advanced yachts

With advancements in technology, there is an adoption of new technologically adopted yacht. Increasing demand of technologically adopted yacht has resulted in the growth of the Superyacht market in near future.

Key segments covered:

Segments

Sub-segments

  By length

  • <120 ft.
  • 12-250 ft.
  • >250 ft.

  By price

  • <$25 m
  • $25 - $100 m
  • >$100 m

  By propulsion

  • Motor
  • Sail
  • Electric/solar

       
Key benefits of the report:

  • This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of Superyacht market share.
  • The current market is analyzed from 2020 to 2027 to highlight the Superyacht market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Superyacht market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Superyacht market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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