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Yacht Maintenance and Refit Market Share

Report ID: GMI10961
Published Date: Aug 2024
Report Format: PDF

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Yacht Maintenance and Refit Market Share

Lurssen Yachts and MB92 Group hold a significant market share of around 10% in the yacht maintenance and refit industry in 2023. Lurssen invests heavily in modern shipyards and facilities, such as their comprehensive refit and maintenance centers in Germany, to handle large and complex superyacht projects. The company also incorporates the latest technology and equipment in their refit operations to ensure high-quality workmanship and efficiency.

MB92 provides a broad range of services, including structural modifications, technical upgrades, and aesthetic enhancements, ensuring comprehensive support for yacht owners. They also offer specialized services, such as painting, engineering, and electrical work, to cater to the changing needs of their clients. The company also emphasizes delivering a high level of customer service, including personalized project management and direct communication with clients throughout the refit process.

Yacht Maintenance and Refit Market Companies

Major companies operating in the yacht maintenance and refit industry are:

Amico & Co
Benetti Yachts
Derecktor Shipyards
Heesen Yachts
Lurssen Yachts
MB92 Group
Monaco Marine
Northrop & Johnson
Oceanco
Pendennis Shipyard

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of yacht maintenance and refit reached USD 2.5 billion in 2023 and is set to register over 8% CAGR between 2024 and 2032, owing to the rising disposable income and wealth of individuals.

The superyacht segment held 39% revenue share in 2023, driven by advanced technologies, large size, and custom features.

Europe market accounted for 40% revenue share in 2023, led by the presence of renowned charter destinations and stringent maritime regulations.

Amico & Co, Benetti Yachts, Derecktor Shipyards, Heesen Yachts, Lurssen Yachts, MB92 Group, Monaco Marine, Northrop & Johnson, Oceanco, and Pendennis Shipyard.