DUBLIN–(BUSINESS WIRE)–The “Global Yacht Market: Analysis By Propulsion, By Category, By Type, By Length, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global yacht market in 2021 was valued at US$10.80 billion. The market is anticipated to reach US$15.15 billion by 2026.

This report provides an in-depth analysis of the global yacht market by value, by propulsion, by category, by type, by length, by export, by operational fleet, by region (North America (The US and Canada), Europe (Italy, Netherlands, Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, and the Rest of the Asia Pacific), Latin America, and the Middle East & Africa), etc. The report also provides a detailed analysis of the COVID-19 impact on the global yacht market.

Much of the expertise in the luxury yacht building market is concentrated in only a few countries, including Italy, Turkey, the Netherlands, the US and Germany. The Italian manufacturers benefit from a worldwide reputation for quality and style. This market’s customer base is composed of extremely wealthy individuals who can afford the significant purchasing price of a large yacht as well as the maintenance costs.

An increase in income inequality, higher disposable income, and a positive macroeconomic scenario are some of the factors driving the market growth. The market is expected to grow at a CAGR of 7% during the forecast period of 2022-2026.

Market Dynamics

Growth Drivers

• Increase in the UHNWI (Ultra-high-net-worth individuals) Population
• Growing Demand for Luxury Tourism
• Rising Construction of Super Yachts
• Growing Number of Boat Shows
• Favorable Government Initiatives
• Increasing Demand of Yacht…