North America Yacht Market Size & Outlook, 2023-2030
North America yacht market, 2017-2030 (US$M)
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North America yacht market highlights
- The North America yacht market generated a revenue of USD 2,928.6 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,928.6 million |
| Market revenue in 2030 | USD 4,207.1 million |
| Growth rate | 5.3% (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, North America region accounted for 31.2% 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 |
|---|
North 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 31.01% in 2023. Horizon Databook has segmented the North 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 market in North America has witnessed remarkable growth in recent years, driven by an increasing number of boats and a rising trend of providing personalized yachting solutions worldwide.
Yachting tourism, known for its exclusivity and luxury, has experienced notable growth in recent years, particularly during the COVID-19 pandemic. This sector has become an integral part of the broader marine tourism industry and is poised to witness further expansion in recreational spending over the forecast period.
As discretionary cruise vacations generate significant revenue, the choices made by consumers in the region regarding recreational activities directly impact the ocean and coastal transportation industries.
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Target buyers of North America 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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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 North America yacht market , including forecasts for subscribers. This continent databook contains high-level insights into North America yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America yacht market size, by country, 2017-2030 (US$M)
North America Yacht Market Outlook Share, 2023 & 2030 (US$M)
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