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Luxury Yacht Market Share

Report ID: GMI6868
Published Date: Sep 2024
Report Format: PDF

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Luxury Yacht Market Share

Lürssen Yachts, Feadship, Ferretti Group holds significant market share of 35% in luxury yacht industry, due to their exceptional craftsmanship, innovation, and reputation for delivering high-quality vessels. Lürssen Yachts is known for its large, custom superyachts, combining cutting-edge technology with meticulous attention to detail. Feadship, a collaboration between De Vries and Royal Van Lent, excels in creating fully bespoke yachts with a focus on unparalleled quality and performance.

Ferretti Group, with its diverse range of brands like Riva, Pershing, and CRN, offers both semi-custom and fully custom yachts, catering to a wide array of luxury preferences. Their established reputations, expertise, and ability to deliver tailored, high-end yachts contribute significantly to their dominant positions in the market.

Luxury Yacht Market Companies

Major players operating in the luxury yacht industry are:

Benetti Yachts
Feadship
Ferretti Group
Heesen Yachts
Lürssen Yachts
Sanlorenzo
Sunseeker

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of luxury yacht reached USD 10.7 billion in 2023 and is set to register 6% CAGR between 2024 and 2032, due to rising popularity of yacht charters

The flybridge luxury yacht segment recorded 62% share in 2023, owing to its unique combination of luxury, space, and versatility.

The motor propulsion segment held over 79% share of the luxury yacht industry in 2023, due to its superior performance and versatility.

Europe market recorded over 37% share in 2023, attributed to its rich maritime tradition and established infrastructure.