The superyacht market is expected to register a CAGR of 4.7% during 2023–2031. The growing demand for superyachts for charter services is one of the major trends in the superyacht market.
Superyacht Market Analysis
- The growing demand for luxury yachts is one of the major factors driving the growth of the superyachts market. This is owing to the rising disposable income across different regions and higher demand for luxury lifestyles among individuals.
- Further, even with economic fluctuations among different regions, the market has been witnessing resilience, specifically in regions such as the US where demand remains strong.
Superyacht Market Overview
- The global superyacht market is likely to witness moderate growth in the coming years. This is mainly due to the growing demand for superyachts as a luxury travel option. Similarly, the demand for luxury cruising is another major factor driving the adoption of yachts and superyachts.
- Moreover, the growing demand for 24 to 45v meter superyachts is likely to generate new opportunities for market vendors in the coming years. Moreover, several manufacturers such as Feadship have already been working on launching their first emission-free superyachts by 2031 which is another major trend in the market.
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Superyacht Market: Strategic Insights
Market Size Value in US$ XX Million in 2023 Market Size Value by US$ XX Million by 2031 Growth rate CAGR of 4.7% from 2023 to 2031 Forecast Period 2024-2031 Historic Period 2021-2022
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Superyacht Market: Strategic Insights
Market Size Value in | US$ XX Million in 2023 |
Market Size Value by | US$ XX Million by 2031 |
Growth rate | CAGR of 4.7% from 2023 to 2031 |
Forecast Period | 2024-2031 |
Historic Period | 2021-2022 |

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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Superyacht Market Drivers and Opportunities
Growing Adoption of Luxury Superyacht Travel Experience
- Majority of the companies operating in the luxury superyacht cruising industry have been witnessing growth in terms of the number of customer bookings for superyacht cruising services. For instance, TJB Super Yachts recorded nearly 500 charter bookings in 2023 with around a 12% increase from the UK and around 28% increase in the US clients alone. Such factors have been pushing the adoption of superyachts across different regions.
Increasing Number of Billionaires Worldwide
- Increasing numbers of billionaire people across the world have been pushing the adoption of superyachts across different regions. These people have been investing large amounts of money into procuring superyachts and upgrading their existing yachts for luxury experiences which is further likely to drive the superyacht market in the coming years.
Superyacht Market Report Segmentation Analysis
Key segments that contributed to the derivation of the superyacht market analysis are hull and size.
- Based on the hull, the superyacht market is segmented into the mono hull and multihull.
- Based on size, the superyacht market is segmented into up to 25 meters, 26-60 meters, 61-120 meters, and 121-200 meters.
Superyacht Market Share Analysis by Geography
- Superyacht Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering superyacht market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the superyacht market in these regions.
Superyacht Market Report Scope
Superyacht Market News and Recent Developments
The superyacht market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the superyacht market are listed below:
- Mengi Yay launched the first unit in its sub-500GT Serenissima I (S1) series in Tuzla, Turkey. It is designed by an Italian firm known as Nuvolari Lenard and the superyacht is 47.5-metre of length which will now complete sea trials and final preparations ahead of its debut this year at Monaco Yacht Show. (Source: Mengi Yay, Company Website, August 2024)
- Sanlorenzo is proud to present 44X-SPACE, a new superyacht range that takes the legacy of the Explorer line with the sophistication of the Steel line, seeing today the first two units delivered and at sea. The 44X-SPACE is a harmonious fusion of two distinct yet complementary design philosophies. (Source: Sanlorenzo, Company Website, December 2023)
Superyacht Market Report Coverage and Deliverables
The “Superyacht Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Superyacht market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Superyacht market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST analysis
- Superyacht market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the superyacht market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global superyacht market is expected to grow at a CAGR of 4.7% during the forecast period 2023 - 2031.
Growing adoption of luxury superyacht travel experience and rising procurement of lower-emission superyachts are some of the major factors driving the superyacht market.
The growing demand for superyachts for charter services in the coming years is one of the major future trends for the market.
The leading players operating in the superyacht market are Heesen Yachts Sales BV, Princess Yachts Limited, AZIMUT|BENETTI GROUP REA LUCCA, DYNAMIQ YACHTS, Sunseeker, Pendennis, Moran Yacht & Ship, Lurssen, Palmer Johnson, and Damen Yachting.
The report can be delivered in PDF/PPT format; we can also share the Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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