UK Yacht Market Size & Outlook, 2023-2030
UK yacht market, 2017-2030 (US$M)
Related Markets
UK yacht market highlights
- The UK yacht market generated a revenue of USD 770.7 million in 2023 and is expected to reach USD 1,163.2 million by 2030.
- The UK market is expected to grow at a CAGR of 6.1% 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 770.7 million |
| Market revenue in 2030 | USD 1,163.2 million |
| Growth rate | 6.1% (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, UK accounted for 8.2% 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 Europe, France yacht market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,163.2 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 31.32% in 2023. Horizon Databook has segmented the UK 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 the U.K. is primarily driven by yacht sailing or racing events conducted in the country. For instance, events such as the Fastnet Race, a renowned offshore sailing competition organized by the Royal Ocean Racing Club, attract participants worldwide among sailing enthusiasts eager to test their skills in challenging conditions.
The Fastnet Race also positively impacts the local economy, particularly in the regions where the race starts and finishes, such as Cowes on the Isle of Wight. Moreover, the presence of participants, support crews, spectators, and media personnel during events such as the Fastnet Race generates a positive impact on tourism.
This increased economic activity leads to a boost in revenue for local businesses, fostering a vibrant ecosystem centered around the yacht industry and providing them with enhanced exposure and opportunities for 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 country-level data and insights on the UK yacht market , including forecasts for subscribers. This country databook contains high-level insights into UK yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK yacht market size, by type, 2017-2030 (US$M)
UK Yacht Market Outlook Share, 2023 & 2030 (US$M)
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