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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, Lürssen Yachts, Princess Yachts, Royal Huisman Shipyard B.V., Sanlorenzo S.p.A, Sunseeker International Ltd., and Viking Yacht Company.