Japan Yacht Market Size & Outlook, 2023-2030
Japan yacht market, 2017-2030 (US$M)
Related Markets
Japan yacht market highlights
- The Japan yacht market generated a revenue of USD 397.1 million in 2023 and is expected to reach USD 618.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.5% 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 397.1 million |
| Market revenue in 2030 | USD 618.0 million |
| Growth rate | 6.5% (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, Japan 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 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 |
|---|
Japan 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 29.59% in 2023. Horizon Databook has segmented the Japan 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.
Japan boasts an extensive coastline of around 18,500 miles. However, the country's boating and leisure yacht/watercraft market has yet to reach its full potential in terms of development. Currently, Japan has a total of 603 marinas; however, most are far from downtown areas.
Japan has taken an innovative approach by introducing Fisharinas, which involves adapting 32 fishing ports to accommodate private pleasure boat usage. This initiative serves the dual purpose of supporting Japanese fishing port operators and fostering regional development.
In addition, Japanese laws posed challenges for international yachting visitors, creating an unfavorable environment. Recognizing the need for change, marine-industry professionals in Japan have proactively educated government officials about the potential benefits of opening up the market.
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Target buyers of Japan 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 Japan yacht market , including forecasts for subscribers. This country databook contains high-level insights into Japan yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan yacht market size, by type, 2017-2030 (US$M)
Japan Yacht Market Outlook Share, 2023 & 2030 (US$M)
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