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The processes involved in manufacturing yachts have also undergone drastic changes over the last few years. Yachts were manufactured using wood and fiber-reinforced polymers. However, the use of composites has gained popularity, owing to benefits such as corrosion resistance, lower maintenance costs, and better strength to weight characteristics. The use of electronically controlled fuel injection systems offers the flexibility to let engines operate at variable speeds and significantly reduce noise, vibration, and emissions in port and coastal areas. It also helps increase the efficiency of the yacht propulsion system. This leads to the growth of the yacht interior market in near future.
COVID-19 SCENARIO ANALYSIS
The significant factors impact the growth of the yacht interior market are increase in disposable income and inclination toward leisure or recreational activities. However, high total cost of ownership associated with a personal yacht and maintenance hampers the growth of the automotive yacht interior market. On the other hand, activities to offer a unique experience while traveling with on board luxury accommodation and advancements in telematics and IT platforms will fuel the demand in the yacht interior market.
Demand for yachts has gradually increased with an increase in disposable income of the people. However, it leads to growing preference of travelers for luxury tourism, personalized service, and exclusive traveling. These primary factors help in propelling the sales of yachts. The manufacturers are focusing on including luxury features for offering improved performance characteristics and customer experience. This leads to the growth of the yacht interior market in near future.
The recreational tournaments are also offering employment opportunities. They are emerging as a source of revenue generation for yacht caterers, clothing outlets, chandlers, and boat builders, among others. Boating can be considered as a year-round activity as people tend to enjoy outdoor water sports activities in all seasons. This leads to the growth of the yacht interior market in near future.
Key benefits of the report:
Questions answered in the yacht Interior market research report:
Yacht Interior Market Report Highlights
Aspects | Details |
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By Type |
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By Yacht length |
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By Region |
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Key Market Players | Heesen Group, The San Lorenzo S.p.a, Princess Yachts Limited, Brunswick Corporation, Damen Shipyards Group, Sunseeker International, Alexander Marine International Co. Ltd., Ferretti S.p.A., Azimut Benetti S.p.A., Viking Yacht Company |
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