U.S. Yacht Market Size & Outlook, 2023-2030
U.S. yacht market, 2017-2030 (US$M)
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U.S. yacht market highlights
- The U.S. yacht market generated a revenue of USD 2,534.7 million in 2023 and is expected to reach USD 3,690.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.5% 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 2,534.7 million |
| Market revenue in 2030 | USD 3,690.9 million |
| Growth rate | 5.5% (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, U.S. accounted for 27.0% 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 North America, U.S. yacht market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,690.9 million by 2030.
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Yacht Market Scope
Yacht Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 31.16% in 2023. Horizon Databook has segmented the U.S. 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.
Recreational boating in the U.S. significantly drives the yacht market's growth. As per the National Marine Manufacturers Association (NMMA) report in 2023, the annual economic impact of recreational boating in the country amounted to USD 230.3 billion.
This extensive spending contributes to creating 812,558 jobs and generates USD 31.4 billion in annual sales. These figures illustrate the strong consumer demand for boating activities and indicate a willingness to allocate substantial resources to enjoy recreational boating experiences.
The considerable annual sales generated by recreational boating underscore the presence of a robust market with significant revenue potential. This growth is fueled by an expanding consumer base in the U.S. eager to invest in boating-related products and services, including luxury yachts.
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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 country-level data and insights on the U.S. yacht market , including forecasts for subscribers. This country databook contains high-level insights into U.S. yacht market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. yacht market size, by type, 2017-2030 (US$M)
U.S. Yacht Market Outlook Share, 2023 & 2030 (US$M)
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