Middle East & Africa Yacht Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$814.6

Forecast, 2030 (US$M)

$1,101.4

CAGR, 2024 - 2030

4.4%

Report Coverage

Middle East & Africa

Middle East & Africa yacht market, 2017-2030 (US$M)

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MEA yacht market highlights

The MEA yacht market generated a revenue of USD 814.6 million in 2023.
The market is expected to grow at a CAGR of 4.4% 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.

MEA data book summary

Market revenue in 2023	USD 814.6 million
Market revenue in 2030	USD 1,101.4 million
Growth rate	4.4% (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, MEA region accounted for 8.7% 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.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Yacht Market Scope

Yacht market segmentation & scope

Type

Super Yacht

Flybridge Yacht

Sport Yacht

Long Range Yacht

Others

Length

Upto 20 m

20 to 50 m

Above 50 m

Propulsion

Motor Yacht

Sailing Yacht

Regions

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Countries

U.S.

Canada

Germany

France

China

Japan

India

Brazil

Mexico

Yacht Market Companies

Name	Profile	# Employees	HQ	Website

Middle East & Africa 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 29.19% in 2023. Horizon Databook has segmented the Middle East & Africa 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 progression of the yacht charter market is positively influenced by rising per capita income levels. Several economies in Sub-Saharan Africa, particularly Ethiopia and Rwanda, have experienced rapid growth.

According to the World Bank, Ethiopia is Africa's second most densely populated country. It has emerged as the fastest-growing economy in the region, with a notable 6.3% growth in the financial year from 2020 to 2021.

Conversely, Rwanda has achieved steady economic growth, supported by the International Monetary Fund and the World Bank. The country's financial sector has remained stable, boasting a capital-adequacy ratio of 26.3% in 2021.

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Target buyers of Middle East & Africa yacht market databook

Our clientele includes a mix of yacht market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa yacht market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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