About Superyacht
The superyacht is also known as the megayacht, which is a large and luxurious pleasure vessel. Superyacht has numerous accessories, such as decks, pools, helipads, jacuzzis, and gyms, among others. These ships normally have a well-trained crew, such as a captain, other officers, a chef, and so many other servants who provide quality services and comfort to the proprietor and their guests. Ongoing advancements in yacht design, construction materials, propulsion systems, and onboard technologies contribute to the appeal of owning a superyacht. Buyers are attracted to the latest innovations that enhance comfort, efficiency, and sustainability. This factor may have driven the growth of the superyacht market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The superyacht market is characterized by intense competition among shipyards and manufacturers striving to attract high-net-worth individuals and secure contracts for the construction of these luxury vessels. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Golden Yachts (Greece), Lürssen (Germany), International Yacht Company (United States), Nobiskrug (Germany), Oceanco (Netherland), Azimut Benetti Group (Italy), Abeking & Rasmussen (Germany), Heesen Yachts (Netherland), Ferretti Group (Italy), Amels/Damen Yachts (Netherland), Fincantieri (Italy), Feadship (Netherland), Blohm+Voss (Germany), Sunseeker International (United Kingdom), Heesen Yachts (Netherland) and Benetti Yachts (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Superyacht market by and Region.
On the basis of geography, the market of Superyacht has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Motor Yacht will boost the Superyacht market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Seating Capacity, the sub-segment i.e. Up to 10 will boost the Superyacht market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Type, the sub-segment i.e. Serial will boost the Superyacht market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Mid-size yachts (20-30 meters) will boost the Superyacht market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The demand for highly customized and bespoke superyachts continues to be a significant trend.
Market Growth Drivers:
The desire for unique and personalized vessels has driven growth in the superyacht market. and The superyacht market is heavily influenced by the rising wealth distribution among the world's population.
Challenges:
The environmental impact of these vessels, including fuel emissions and waste disposal, raises concerns and Complex international regulations around crew rights, safety, and taxation
Restraints:
The costs associated with operating and maintaining a superyacht can be expensive.
Opportunities:
Developing sustainable materials, energy-efficient technologies, and green propulsion systems in superyacht
Market Leaders and their expansionary development strategies
In January 2024, The International Yacht Company (IYC) acquired the Greek charter management specialist company, Yachtlove. This acquisition is set to further solidify IYC’s position in the luxury yacht market. and In January 2023, German shipyard Nobiskrug acquired interior manufacturing company Wuerzburger Interieur Manufaktur GmbH. With this acquisition, we are strategically strengthening Nobiskrug in a crucial field for the superyacht industry.
In September 2022, Lürssen launched the new Lürssen 146-meter superyacht OPERA. The new launch exterior styling comes from the boards of Terence Disdale Design, featuring elegant lines and floor-to-ceiling windows to maximize natural light and create wide vistas to provide a harmonious balance with her surroundings., and In May 2023, Golden Yachts launched the new-generation 78-meter superyacht O’REA. Completely unique and dissimilar from the designs of her sisterships, superyacht O'REA boasts a contemporary plumb bow that differs from the flared bows of previous Golden Yachts superyachts such as the 84m (278ft) O'PTASIA and 95m (311ft) O'PARI
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.