Europe Yacht Market Size & Outlook, 2023-2030
Europe yacht market, 2017-2030 (US$M)
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Europe yacht market highlights
- The Europe yacht market generated a revenue of USD 3,328.3 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,328.3 million |
| Market revenue in 2030 | USD 5,144.7 million |
| Growth rate | 6.4% (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, Europe region accounted for 35.5% 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 |
|---|
Europe 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 30.5% in 2023. Horizon Databook has segmented the Europe 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.
Yachts are often more luxurious than cruises, offering a slow, exclusive, and relaxed experience to the user, which may attract Ultra-High Net-Worth Individuals (UHNWI) and High Net-Worth Individuals (HNWI).
Yachts also deliver comfort and privacy, which is one of the primary reasons why yachts are the preferred choice for HNIs and UHNWIs. Superyachts cost over USD 200 million, making them one of the most expensive and hard-to-sell products globally.
The growing number of HNWIs and UHNWIs is increasing the demand for yachts in the region. Furthermore, according to an article published by the European Boating Industry (EBI), the boating industry in Europe is a thriving and vibrant sector that holds immense importance in the European economy.
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Our clientele includes a mix of yacht market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe yacht market , including forecasts for subscribers. This continent databook contains high-level insights into Europe yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe yacht market size, by country, 2017-2030 (US$M)
Europe Yacht Market Outlook Share, 2023 & 2030 (US$M)
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