Europe Luxury Yacht Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Sailing luxury Yacht, Motorized Luxury Yacht, and Others), Material  (FRP/Composites, Metal/Alloys, and Others), and Size (75-120 feet, 121-250 feet, and Above 250 feet)

BMIRE00028319 | Pages: 115 | Automotive and Transportation | Apr 2023 | Type: Regional | Status: Published

The Europe luxury yacht market is expected to grow from US$ 2,619.94 million in 2022 to US$ 4,348.77 million by 2028. It is estimated to grow at a CAGR of 8.8% from 2022 to 2028.

Increasing Superyacht Demand fuels the Europe Luxury Yacht Market

Superyachts are large luxury yachts that are equipped with Jacuzzis, sky lounges, dining rooms, bars, etc. Professional crew members are often appointed on these yachts. Superyachts can tread into deeper waters. Many players in the Europe luxury yacht market are producing superyachts with various features. In February 2023, Heesen Yachts launched a 60-meter Project SkyFall—the superyacht was named Ultra G. The yacht consists of the space for sociable fishing adventures and the master apartment with a private terrace. It also includes a jacuzzi, a large walk-in wardrobe, a big bathroom, a custom wine fridge, a media room, and an elegant games table. In October 2022, Conrad Yachts launched the first unit of its C144S line—Ace. Ace, Poland’s largest superyacht, can accommodate 10 guests and 9 crew members. In April 2022, Amels introduced its new 80-meter (263-ft) superyacht. The features of this new yacht include a Jacuzzi, access via an elevator and internal stairs, a spacious beach club with a spa, a glass-bottom swimming pool, and a lounge area with openings on three sides. Thus, the increasing number of launches of superyachts with different features, ranging from indoor sport to entertainment and relaxation, is bolstering the growth of the Europe luxury yacht market.

Europe Luxury Yacht Market Overview

The Europe luxury yacht market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Due to rise in number of high-net-worth individuals in several countries of Europe, there is rise in charter luxury yachting activities which is contributing to the growth of Europe luxury yacht market. According to Poland at Sea, in November 2021, Poland ranked eighth in the world and fifth in Europe in terms of exports of yachts. Poland produces ~22,000 yachts which include both general and luxury yachts. According to Investopedia, Germany had a 1,633,000 HNWI population with a Y-o-Y growth of 6.4%; France had a 775,000 HNWI population with a Y-o-Y growth of 8.5%; the UK had 609,000 HNWI population with a Y-o-Y growth of 6.3%; Switzerland had 479,000 HNWI population with a Y-o-Y growth of 4.3%; and Italy had 322,000 HNWI population with a Y-o-Y growth of 7.1%. As per data published by European Business Magazine, in August 2022, HNWIs spent extravagantly on vacations, unique experiences, and wellness tourism. Luxury yachts provide yoga, meditation, and spa treatments in their services. Thus, the growing number of high-net-worth individuals (HNWI) is contributing to the growth of the Europe luxury yacht market.

Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

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Europe Luxury Yacht Market Segmentation

The Europe luxury yacht market is segmented into type, material, size, and country.

Based on type, the Europe luxury yacht market is segmented into sailing luxury yacht, motorized luxury yacht, and others. The motorized luxury yacht segment held the largest share of the Europe luxury yacht market in 2022.

Based on material, the Europe luxury yacht market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Europe luxury yacht market in 2022.

Based on size, the Europe luxury yacht market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Europe luxury yacht market in 2022.

Based on country, the Europe luxury yacht market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Europe luxury yacht market in 2022.   

Alblasserdam Yachtbuilding BV; Azimut Benetti SpA; Bavaria Yachtbau GmbH; Damen Shipyards Group NV; Delta Marine Industries Inc; Fincantieri SpA; Fr. Lurssen Werft GmbH & Co KG; Heesen Yachts Sales BV; and Palumbo Superyachts Ancona SRL are the leading companies operating in the Europe luxury yacht market.    

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Luxury Yacht Market Landscape

4.1         Market Overview

4.2         PEST Analysis Europe

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Luxury Yacht Market- Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Yacht Tourism

5.1.2        Increasing Superyacht Demand

5.2         Key Market Restraints

5.2.1        High Initial Cost and Carbon Footprint

5.3         Key Market Opportunities

5.3.1        Rising Demand in Asia Pacific

5.4         Future Trends

5.4.1        Implementation of Solar Energy

5.5         Impact Analysis of Drivers and Restraints

6.           Luxury Yacht Market– Europe Market Analysis

6.1         Europe Luxury Yacht Market- Overview

6.2         Europe Luxury Yacht Market Forecast and Analysis

7.           Europe Luxury Yacht Market Revenue and Forecast to 2028 – by Type

7.1         Overview

7.2         Europe Luxury Yacht Market, by Type (2021 & 2028)

7.3         Sailing Luxury Yacht

7.3.1        Overview

7.3.2        Sailing Luxury Yacht: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

7.4         Motorized Luxury Yacht

7.4.1        Overview

7.4.2        Motorized Luxury Yacht: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

7.5         Others

7.5.1        Overview

7.5.2        Others: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

8.           Europe Luxury Yacht Market Analysis and Forecast to 2028 – by Material

8.1         Overview

8.2         Europe Luxury Yacht Market, by Material (2021 & 2028)

8.3         FRP/Composites

8.3.1        Overview

8.3.2        FRP/Composites: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

8.4         Metal/Alloys

8.4.1        Overview

8.4.2        Metal/Alloys: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

9.           Europe Luxury Yacht Market Analysis and Forecast to 2028 – by Size

9.1         Overview

9.2         Europe Luxury Yacht Market, by Size (2021 & 2028)

9.3–120 Feet

9.3.1        Overview

9.3.2–120 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

9.4–250 Feet

9.4.1        Overview

9.4.2–250 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

9.5         Above 250 Feet

9.5.1        Overview

9.5.2        Above 250 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

10.        Europe Luxury Yacht Market– Country Analysis

10.1      Overview

10.1.1     Europe Luxury Yacht Market, by Key Country

10.1.1.1       Germany: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Germany: Europe Luxury Yacht Market, by Type

10.1.1.1.2       Germany: Europe Luxury Yacht Market, by Material

10.1.1.1.3       Germany: Europe Luxury Yacht Market, by Size

10.1.1.2       France: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       France: Europe Luxury Yacht Market, by Type

10.1.1.2.2       France: Europe Luxury Yacht Market, by Material

10.1.1.2.3       France: Europe Luxury Yacht Market, by Size

10.1.1.3       Italy: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Italy: Europe Luxury Yacht Market, by Type

10.1.1.3.2       Italy: Europe Luxury Yacht Market, by Material

10.1.1.3.3       Italy: Europe Luxury Yacht Market, by Size

10.1.1.4       UK: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       UK: Europe Luxury Yacht Market, by Type

10.1.1.4.2       UK: Europe Luxury Yacht Market, by Material

10.1.1.4.3       UK: Europe Luxury Yacht Market, by Size

10.1.1.5       Russia: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Russia: Europe Luxury Yacht Market, by Type

10.1.1.5.2       Russia: Europe Luxury Yacht Market, by Material

10.1.1.5.3       Russia: Europe Luxury Yacht Market, by Size

10.1.1.6       Rest of Europe: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Europe: Europe Luxury Yacht Market, by Type

10.1.1.6.2       Rest of Europe: Europe Luxury Yacht Market, by Material

10.1.1.6.3       Rest of Europe: Europe Luxury Yacht Market, by Size

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      Product Development

12.        Company Profiles

12.1      Fincantieri SpA

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Azimut Benetti SpA

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Bavaria Yachtbau GmbH

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Delta Marine Industries Inc

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Heesen Yachts Sales BV

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Palumbo Superyachts Ancona SRL

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Alblasserdam Yachtbuilding BV

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Fr. Lurssen Werft GmbH & Co KG

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Damen Shipyards Group NV

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

 

LIST OF TABLES

Table 1.             Europe Luxury Yacht Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             Europe Luxury Yacht Market, by Key Country– Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Europe Luxury Yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Europe Luxury Yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)

Table 6.             France: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: Europe Luxury Yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: Europe Luxury Yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Italy: Europe Luxury Yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Italy: Europe Luxury Yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)

Table 12.          UK: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 13.          UK: Europe Luxury Yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UK: Europe Luxury Yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Europe Luxury Yacht Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Europe Luxury Yacht Market, by Size – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Europe Luxury Yacht Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Europe Luxury Yacht Market, by Material– Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Europe Luxury Yacht Market, by Size– Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Europe Luxury Yacht Market Segmentation

Figure 2.           Europe Luxury Yacht Market Segmentation – Country

Figure 3.           Europe Luxury Yacht Market Overview

Figure 4.           Europe Luxury Yacht Market, by Type

Figure 5.           Europe Luxury Yacht Market, by Country

Figure 6.           Europe: PEST Analysis

Figure 7.           Europe Luxury Yacht Market Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           Europe Luxury Yacht Market: Impact Analysis of Drivers and Restraints

Figure 10.        Europe Luxury Yacht Market, Forecast and Analysis (US$ Million)

Figure 11.        Europe Luxury Yacht Market Revenue Share, by Type (2021 and 2028)

Figure 12.        Sailing Luxury Yacht: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Motorized Luxury Yacht: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Others: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Luxury Yacht Market Revenue Share, by Material (2021 and 2028)

Figure 16.        FRP/Composites: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Metal/Alloys: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Luxury Yacht Market Revenue Share, by Size (2021 and 2028)

Figure 20.        –120 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        –250 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Above 250 Feet: Europe Luxury Yacht Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe Luxury Yacht Market, by Key Country– Revenue (2021) (US$ Million)

Figure 24.        Europe Luxury Yacht Market Revenue Share, by Key Country (2021 and 2028)

Figure 25.        Germany: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

Figure 26.        France: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Italy: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

Figure 28.        UK: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Russia: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Rest of Europe: Europe Luxury Yacht Market– Revenue and Forecast to 2028 (US$ Million)

  1. Alblasserdam Yachtbuilding BV
  2. Azimut Benetti SpA
  3. Bavaria Yachtbau GmbH
  4. Damen Shipyards Group NV
  5. Delta Marine Industries Inc 
  6. Fincantieri SpA
  7. Fr. Lurssen Werft GmbH & Co KG
  8. Heesen Yachts Sales BV
  9. Palumbo Superyachts Ancona SRL
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe luxury yacht market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in Europe luxury yacht market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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