Superyacht Market Analysis | Coherent Market Insights

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• Coherent Market Insights
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SUPERYACHT MARKET ANALYSIS

• Superyacht Market Report, by Yacht Type (Motor
  Yacht, Sailing Yacht, Others), by Yacht Size
  (Below 40 Meter, 40-80 Meters, and Above 80
  Meters), and by Region (North America, Europe,
  Asia Pacific, Latin America, Middle East, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2018 2026

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• Superyacht industry has gained significant
  traction during the recent past, owing to
  increasing number of tourism in across key
  European countries, which includes Italy, UK, and
  Spain. Tourism plays vital role in superyacht
  industry, as tourism is a key contributor to the
  social development, economic growth, and
  employment of many emerging economies across the
  globe. Furthermore, the countries in European
  region such as Italy, France, Spain, and Greece
  attract more tourists across the globe, as these
  countries allow tourists to purchase duty-free
  luxury goods.
• Global Superyacht Market is expected to witness
  significant growth during the forecast period
  (20182026). This growth is majorly attributed to
  the increase in number of adventure tourism and
  recreational activities in the emerging countries
  of Europe and Asia Pacific.

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Market Opportunities

• Significant rise in the number of new superyacht
  launches by prominent boat manufacturers in
  countries of Europe such as France, is another
  key factor for growth of the superyacht market.
  For instance, in July 2018, Abeking Rasmussen,
  a yacht building company, launched KIBO, an
  82m/268ft luxury yacht, in France charter market.
• Additionally, the rising spending in water-sports
  and recreational activities by international
  tourist and visitors, and high net-worth
  individuals in the UK has accelerated growth of
  the UK travel tourism industry. According to
  World Travel and Tourism Council, in 2017, the
  international tourist and visitors spending
  increased by 7.9 from the spending of 2016.
  Hence, this growing tourism industry has
  accelerated demand for superyachts, which is
  expected to aid in growth of the superyacht
  market.

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Figure 1. Global Superyacht Market Share (), by
Region (2017 2026)
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Market Driver

• Increasing number of tourists in Europe and Asia
  Pacific region is turning to be the major driving
  factor for growth of the superyacht market
• Growing tourism sector is one of the key driving
  factors for growth of the superyacht market in
  developed countries of Europe such as UK and
  Italy. For instance, according to World Travel
  and Tourism Council, the U.K. Travel Tourism
  sectors contribution to GDP was estimated around
  6.2 in 2017, which is US 272.9 billion (GBP 214
  billion) contribution to the overall GDP of UK.
• Increasing number of superyacht launches is
  expected to drive growth of the global superyacht
  market.
• According to the U.S. Commercial Services, in
  2018, around 1.8 million people owned a boat
  license in Germany, which allows them to operate
  sailing motor boats or yachts. The country has
  around 6,250 miles of waterways, which is
  expected to be one of the major factors driving
  growth of the superyacht market during the
  forecast period.

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Global Superyacht Market Share By Region

• North America is expected to hold the largest
  market share in the superyacht market followed by
  Europe, while Asia Pacific is expected to witness
  the fastest growth during the forecast period.
  Presence of large number of prominent boat
  manufacturers and boat maintenance service
  providers in North America and increasing demand
  of 40-80 meter sailing and motor superyachts are
  some of the key factors driving growth of the
  market. In Asia Pacific, the highest growth can
  be attributed to the increasing number of
  tourists from emerging economies of Asia Pacific
  such as China and India.
• The luxury superyacht market is characterized by
  the presence of well-diversified and established
  boat builders in the North America and Europe.
  Boat builders engaged in custom and semi-custom
  boat segments are planning to expand its regional
  footprint and product portfolio, especially
  regarding its product quality, services,
  technology, and price. This competitive
  environment among prominent superyacht
  manufactures such as Beretta yachts and Royal
  Huisman is expected to intensify during the
  forecast period.

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Key Development

• Boat manufacturers are majorly focusing towards
  developing new technologies and upgrading its
  product portfolio in order to maintain its
  dominance in this highly competitive marketplace.

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Key Companies

• Some of the key players operating in the global
  superyacht market include Azimut Benetti Group,
  BILGIN YACHTS, Ferretti S.p.A., Fincantieri
  S.p.A, Gulf Craft, Heesen Yachts, Heysea Yachts,
  Horizon Yachts, Lürssen Group, NOBISKRUG GmbH,
  Ocean Alexande, Perini Navi, PRINCESS YACHTS
  LIMITED, Sanlorenzo S.p.a., Sunseeker
  International.

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• Reference https//www.coherentmarketinsights.com
  /market-insight/superyacht-market-2333

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About Us

• Coherent Market Insights is a global market
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• What we provide
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• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
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