Sailing Yacht Market
Overview and Scope
A sailing yacht refers to a recreational watercraft primarily propelled by sails and wind power rather than by engine propulsion. Sailing yachts are designed for leisure cruising, racing, or both, and are typically characterized by their sleek hull designs, tall masts, and multiple sails that harness wind energy for propulsion.
Sizing and Forecast
The sailing yatch market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in popularity of luxury recreational activities, growth of tourism industry, increasing disposable income in emerging markets, increasing participation in sailing events, rise of yacht chartering and rental services.
The sailing yatch market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for ecofriendly transportation, rising interest in experiential travel, growth in luxury tourism, increasing availability of yacht finance options, growth in coastal real estate development. Major trends in the forecast period include the integration of smart connectivity features, advancement in satellite communication systems, implementation of lightweight materials, adoption of virtual reality (VR) in design, advancement in navigation and mapping systems.
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Segmentation & Regional Insights
The sailing yatch market covered in this report is segmented –
1) By Type: Non-Powered Yachts, Motor Yachts
2) By Propulsion Technology: Fixed Pitch Propulsion, Variable Pitch Propulsion, Folding Propulsion
3) By Application: Private Use, Commercial Use, Special Use
Europe was the largest region in the sailing yacht market in 2023. The regions covered in the sailing yatch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in tourism is expected to propel the growth of the sailing yacht market going forward. Tourism is fueled by improved transportation infrastructure, economic growth, marketing efforts, and increased disposable income. Sailing yachts support tourism by offering unique travel experiences, exploring remote destinations, and catering to the growing interest in luxury and adventure tourism. For instance, in 2023, according to the Croatian Bureau of Statistics, a Croatia-based government agency, commercial accommodation establishments saw 17.8 million tourist arrivals and 90.0 million tourist nights in 2022, up from 39.1% and 28.3%, respectively, in 2021. Therefore, rising tourism is driving the growth of the sailing yacht market.
Key Industry Players
Major companies operating in the sailing yatch market are Sabre Yachts Corporation, Ferretti S.p.A., Sunseeker, Hinckley Yachts, HanseYachts AG, Bavaria Yachts, Dufour Yachts, Catalina Yachts, Oceanco, Baltic Yachts Oy Ab Ltd., Nautor’s Swan Oy, Garcia Yachts, Tartan Yachts, BSI Group, Morris Yachts, Hylas Yachts International, Island Packet Yachts, RM Yachts, Azimut Benetti S.p.A., Alerion Yachts, Italia Yachts srl, Chantiers Amel
The sailing yatch market report table of contents includes:
1. Executive Summary
2. Sailing Yatch Market Report Structure
3. Sailing Yatch Market Trends And Strategies
4. Sailing Yatch Market – Macro Economic Scenario
5. Sailing Yatch Market Size And Growth
…..
27. Sailing Yatch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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