Mexico Yacht Market Size & Outlook, 2023-2030
Mexico yacht market, 2017-2030 (US$M)
Related Markets
Mexico yacht market highlights
- The Mexico yacht market generated a revenue of USD 148.6 million in 2023 and is expected to reach USD 181.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.9% 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 148.6 million |
| Market revenue in 2030 | USD 181.9 million |
| Growth rate | 2.9% (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, Mexico accounted for 1.6% 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 Latin America, Brazil yacht market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 276.8 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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% in 2023. Horizon Databook has segmented the Mexico 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 boating industry in Mexico is experiencing significant growth, with a rising interest among individuals in boating activities. According to the Mexican Association of Boat Manufacturers, Mexico is home to around 600 boat producers and is renowned for hosting some of the most luxurious yachts in the world.
According to a report by Florida Yachts International, a Miami-based yacht dealer, the Mexican yacht sales market is robust, with yachting being a USD 50 billion industry that generates over one million jobs.
The industry demonstrates a consistent annual growth rate of about 5% and contributes USD 39 billion to the nation's GDP yearly. This growth can be attributed to the increasing demand for yachts and boat ownership in Mexico.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico yacht market , including forecasts for subscribers. This country databook contains high-level insights into Mexico yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico yacht market size, by type, 2017-2030 (US$M)
Mexico Yacht Market Outlook Share, 2023 & 2030 (US$M)
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