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Yacht Market Share

Report ID: GMI5108
Published Date: Jun 2024
Report Format: PDF

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Yacht Market Share

Sanlorenzo S.p.A and Lürssen are major market players in yacht industry, holding over 10% of the market share which can be attributed to their long history of excellence in boat design, craftsmanship, and personalization. Sanlorenzo, an Italian company, is well known for creating opulent, cutting-edge yachts that are customized to satisfy the unique needs of wealthy customers.

The German shipyard Lürssen is well-known for producing some of the biggest and most prominent boats in the world, which are renowned for their flawless craftsmanship and cutting-edge technology. Both businesses have over 10% of the market share as they regularly produce upscale, custom boats that satisfy the discriminating tastes of the world's ultra-wealthy, hence maintaining their leadership positions in the sector.

Yacht Market Companies

Major players operating in the yacht industry are:

Azimut Benetti
Damen Yachting
Ferretti S.p.A.
Groupe Beneteau
Hanse Group
Heesen Yachts
Lürssen Yachts
Princess Yachts
Royal Huisman Shipyard B.V.
Sanlorenzo S.p.A
Sunseeker International Ltd.
Viking Yacht Company

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of yacht reached USD 12 billion in 2023 and is set to witness 7% CAGR between 2024 and 2032, due to the increasing number of high-net-worth individuals across the globe.

The cruiser segment garnered 60% of the yacht industry share in 2023, owing to the range, comfort, and versatility offered by cruiser yachts.

North America market held 35% revenue share in 2023, driven by high disposable incomes and well-developed yachting infrastructure.

Azimut Benetti, Damen Yachting, Ferretti S.p.A., Groupe Beneteau, Hanse Group, Heesen Yachts, L