Asia Pacific Yacht Market Size & Outlook, 2023-2030
Asia Pacific yacht market, 2017-2030 (US$M)
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Asia Pacific yacht market highlights
- The Asia Pacific yacht market generated a revenue of USD 1,707.8 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, super yacht was the largest revenue generating type in 2023.
- Sport Yacht is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,707.8 million |
| Market revenue in 2030 | USD 2,763.4 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Super yacht |
| Fastest growing segment | Sport Yacht |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht |
| Key market players worldwide | Azimut Holding SPA, Sanlorenzo SpA Ordinary Shares, Viking Therapeutics Inc, Damen Shipyards, Heesen Yachts, Sunseeker International, Princess Yachts International, Ferretti Group, Alexander Marine |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.2% of the global yacht market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,763.4 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific yacht market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to yacht market will help companies and investors design strategic landscapes.
Super yacht was the largest segment with a revenue share of 30.06% in 2023. Horizon Databook has segmented the Asia Pacific yacht market based on super yacht, flybridge yacht, sport yacht, long range yacht covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific showcases an extensive coastline spanning over 135,000 kilometers, making it a sought after destination for yachting enthusiasts. This region is renowned for its captivating tourist spots that combine modern cities with rich cultural heritage, luxurious beach resorts boasting pristine sandy beaches, and vibrant tropical ecosystems awaiting exploration, with thousands of picturesque islands dotting the Pacific Ocean.
The Pacific Ocean itself presents ideal conditions for sailing, while its abundant marine life offers unparalleled opportunities for diving and snorkeling, particularly along the vibrant coral reefs. Hong Kong has established itself as a prominent yachting hub among various countries in Asia Pacific, with a longstanding presence in the superyacht sector.
However, the yachting sector in Asia Pacific has experienced a recent surge in growth, leading to the emergence of new shipyards, manufacturing partnerships, and sales offices across the region. This expansion reflects the increasing demand for yachting experiences in Asia Pacific, as more individuals recognize the region's immense potential and captivating offerings in the luxury yachting market.
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Target buyers of Asia Pacific yacht market databook
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Our clientele includes a mix of yacht market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific yacht market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific yacht market size, by country, 2017-2030 (US$M)
Asia Pacific Yacht Market Outlook Share, 2023 & 2030 (US$M)
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