Yacht Market Segmentation:
Type (Cruiser Yacht, Sport Yacht, Flybridge Yacht)
By type, the cruiser yacht segment is projected to account for yacht market share of around 61.5% by 2035. The segment’s growth is attributed to rising demands for long-distance, recreational vessels. Cruiser yachts are positioned as ideal for adoption in extended trips along open waters and coastlines owing to their robust build and range. Additionally, the large-scale increase in tourist footfall in the Caribbeans and Mediterranean regions are driving demands for cruiser yachts in popular tourist destinations. Luxury yacht operators are leveraging the burgeoning demand for cruiser yachts by providing customized yacht voyages for tourists. For instance, in June 2024, Four Seasons Yachts announced 13 additional Mediterranean voyages for 2026.
The sport yacht segment of the global yacht sector is poised to increase its revenue share by the end of the forecast period. The segment’s growth is attributed to surging demands among thrill-seeking yacht enthusiasts and the rising popularity of sailing sports in various regions. For instance, the Ocean Race Atlantic is set to launch in 2026. Additionally, sports yachts are increasingly being equipped with powerful engines that make them appealing to new demographics of buyers. Businesses are identifying the potential of the segment is evidenced by recent acquisitions. For instance, in October 2024, sports yacht company Sunseeker International was sold to Orienta Capital and Lionheart Capital.
Propulsion (Motor, Sail)
By propulsion, the motor segment of the global yacht market is projected to register a large revenue share during the forecast period. The segment’s growth is attributed to reliability over extended distances for customers who seek upscale leisure vessels. Motor yachts are powered by powerful engines and have been positioned as suitable for rapid transit along coastlines or long-distance cruising. Additionally, integration of automated navigation systems is poised to improve user experience benefiting the growth of the segment. Manufacturers are integrating advanced hull designs to improve motor yachts. For instance, in April 2024, Hoek Design launched the new 33 m, classically styled motor yacht in Istanbul, Turkey.
Our in-depth analysis of the global market includes the following segments:
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