Canada Yacht Market Size & Outlook, 2023-2030
Canada yacht market, 2017-2030 (US$M)
Related Markets
Canada yacht market highlights
- The Canada yacht market generated a revenue of USD 393.8 million in 2023 and is expected to reach USD 516.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.9% 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.
Yacht market data book summary
| Market revenue in 2023 | USD 393.8 million |
| Market revenue in 2030 | USD 516.2 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Super yacht |
| Fastest growing segment | Sport Yacht |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.2% of the global yacht market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. yacht market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,690.9 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 30.07% in 2023. Horizon Databook has segmented the Canada 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.
The yacht market expansion in Canada can be attributed to various factors, including the country's vast coastline, numerous lakes, and rivers, which provide ample opportunities for boating and water-based leisure activities.
Remarkably, for every 1,000 inhabitants, Canadians possess an impressive 234 boats. A total population of nearly 37 million translates to an extensive fleet of approximately 8.6 million boats under their ownership. This data highlights the strong affinity that Canadians have for boating and indicates significant market potential in the yacht industry within the Canadian market.
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Target buyers of Canada 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada yacht market , including forecasts for subscribers. This country databook contains high-level insights into Canada yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada yacht market size, by type, 2017-2030 (US$M)
Canada Yacht Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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