China Yacht Market Size & Outlook, 2023-2030
China yacht market, 2017-2030 (US$M)
Related Markets
China yacht market highlights
- The China yacht market generated a revenue of USD 477.5 million in 2023 and is expected to reach USD 810.0 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 477.5 million |
| Market revenue in 2030 | USD 810.0 million |
| Growth rate | 7.8% (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, China accounted for 5.1% 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 Asia Pacific, China yacht market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 810.0 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 31.12% in 2023. Horizon Databook has segmented the China 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.
China's growing affluence and rising living standards have fueled the demand for luxurious yachts. The China Transport Association's Cruise Yacht Branch has estimated significant growth in the overall number of yachts in China.
Between 2020 and 2025, the total number of yachts is estimated to soar from 38,100 to an impressive 163,510. The surge in yacht ownership in China aligns with the country's significant economic progress and the emergence of a wealthy elite.
According to the Hurun Global Rich List 2021, China has overtaken the U.S. as the leading country in terms of the billionaire population. At the beginning of 2021, China boasted 1,058 billionaires, with their wealth denominated in U.S. dollars.
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Target buyers of China 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 China yacht market , including forecasts for subscribers. This country databook contains high-level insights into China yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China yacht market size, by type, 2017-2030 (US$M)
China Yacht Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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