Global Luxury Yacht Market 2020-2024: Market Analysis, Drivers, Restraints, Opportunities, and Threats - 17000 + Technavio Reports
NEW YORK, Oct. 7, 2021 -- The luxury yacht market in the Construction Machinery & Heavy Trucks industry is expected to grow by 310 units from 2020 to 2024. Technavio's latest market research report estimates that the luxury yacht market will be progressing at a CAGR of 11%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alexander Marine Co. Ltd., Azimut Benetti Spa, Christensen Shipyards LLC, Damen Shipyards Group, Feadship Holland BV, Ferretti Spa, Fincantieri Spa, OVERMARINE GROUP Spa, Palumbo group Spa, and San Lorenzo Spa are some of the major market participants. The increase in recreational tourism will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Luxury Yacht Market 2020-2024: Segmentation
- Type
- Motor Yachts
- Sail Yachts
- Geography
- APAC
- Europe
- MEA
- North America
- South America
To help businesses improve their market position, the luxury yacht market report provides a detailed analysis of around 25 vendors operating in the market.
The report also covers the following areas:
- Luxury Yacht Market size
- Luxury Yacht Market trends
- Luxury Yacht Market industry analysis
Market trend such as an increase in HNWI population is likely to emerge as one of the primary drivers of the market.
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Luxury Yacht Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist luxury yacht market growth during the next five years
- Estimation of the luxury yacht market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the luxury yacht market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of luxury yacht market vendors.
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