Latin America Yacht Market Size & Outlook, 2023-2030
Latin America yacht market, 2017-2030 (US$M)
Related Markets
Latin America yacht market highlights
- The Latin America yacht market generated a revenue of USD 599.8 million in 2023.
- The market is expected to grow at a CAGR of 3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 599.8 million |
| Market revenue in 2030 | USD 737.2 million |
| Growth rate | 3% (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, Latin America region accounted for 6.4% 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 |
|---|
Latin America 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 29.24% in 2023. Horizon Databook has segmented the Latin America 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 industry in Latin America has been gaining significant momentum and attracting attention from yacht owners and industry professionals. According to the Superyacht Times, the region showcases promising potential for the superyacht market.
Latin America offers a captivating yachting experience with its stunning coastlines, pristine waters, and vibrant cultural destinations. Mexico, Brazil, and Venezuela, being key contributors, have witnessed a rise in yacht ownership and a growing interest in luxury boating.
In addition, there is an increasing demand for superyachts and luxury charters in destinations such as the Caribbean, Panama, and Costa Rica. Latin America's expanding high-net-worth population, along with the development of world-class marinas and yacht infrastructure, has contributed to the industry's growth.
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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 Latin America yacht market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America yacht market size, by country, 2017-2030 (US$M)
Latin America Yacht Market Outlook Share, 2023 & 2030 (US$M)
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