Middle East & Africa Yacht Market Size & Outlook
Middle East & Africa yacht market, 2017-2030 (US$M)
Related Markets
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.
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Yacht Market Scope
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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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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Middle East & Africa Yacht Market Outlook Share, 2023 & 2030 (US$M)
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