Key Takeaways
- The global yacht market was valued at USD 8.12 billion in 2022 and is projected to reach USD 12.64 billion by 2030, growing at a CAGR of 5.9%.
- The superyacht market revenue reached approximately €7.6 billion in 2023.
- North America holds 38% of the global yacht market share in 2023.
- In 2023, 592 new superyachts over 30m were delivered worldwide.
- Superyacht sales volume reached 1,200 transactions in 2023.
- Beneteau Group produced 5,200 yachts in 2023.
- There are approximately 12,000 superyachts over 24m owned worldwide in 2023.
- 55% of superyacht owners are from Europe in 2023.
- Average age of superyacht owners is 58 years in 2023.
- Yachting industry employs over 500,000 people globally in 2023.
- Italy's yacht sector supports 70,000 direct jobs.
- U.S. recreational boating employs 650,000 people.
- Hybrid and electric yachts registrations doubled to 200 in 2023.
- 30% of new superyacht orders include green tech in 2023.
- Yacht fuel consumption reduced by 20% with new engines.
The luxury yacht market is growing robustly while increasingly adopting sustainable innovations.
Employment & Economic Impact
- Yachting industry employs over 500,000 people globally in 2023.
- Italy's yacht sector supports 70,000 direct jobs.
- U.S. recreational boating employs 650,000 people.
- Superyacht crew worldwide: 100,000 professionals.
- UK marine industry generates 200,000 jobs.
- French yachting employs 45,000 people.
- Netherlands yacht sector: 25,000 jobs.
- Monaco yacht industry supports 5,000 jobs.
- Global yacht tourism contributes $50 billion to GDP.
- Turkey yacht building employs 15,000.
- Australia marine sector: 50,000 jobs.
- Yacht charter industry employs 80,000 crew.
- U.S. yacht manufacturing: 40,000 jobs.
- Every superyacht supports 50 indirect jobs.
- Dubai yacht sector: 10,000 jobs.
- China yacht industry employs 20,000.
- Germany yacht jobs: 30,000.
- Spain superyacht refit: 8,000 jobs.
- Fort Lauderdale marine jobs: 60,000.
- Palma de Mallorca yacht services: 12,000 jobs.
- Yacht industry training programs graduated 10,000 in 2023.
- 15% growth in yacht captain jobs since 2020.
- Women in yacht crew: 25% of total workforce.
- Average superyacht crew salary: $80,000 annually.
- Economic multiplier effect of yachting: 3.5x.
- Antibes marina employs 4,000 in services.
- Yacht broker jobs: 5,000 worldwide.
Employment & Economic Impact Interpretation
Market Size & Revenue
- The global yacht market was valued at USD 8.12 billion in 2022 and is projected to reach USD 12.64 billion by 2030, growing at a CAGR of 5.9%.
- The superyacht market revenue reached approximately €7.6 billion in 2023.
- North America holds 38% of the global yacht market share in 2023.
- The luxury yacht segment accounted for 45% of total yacht market revenue in 2022.
- Global yacht charter revenue was estimated at USD 2.5 billion in 2023.
- The Asia-Pacific yacht market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- European yacht market revenue stood at €5.2 billion in 2023.
- The sailing yacht market size was USD 3.4 billion in 2023.
- Motor yacht segment dominated with 62% market share in 2023.
- Global superyacht new build market value hit $4.8 billion in 2023.
- Yacht brokerage sales totaled $15.2 billion globally in 2023.
- The U.S. yacht market was valued at $3.1 billion in 2023.
- Middle East yacht market grew by 12% in revenue to $1.2 billion in 2023.
- Explorer yacht market revenue reached $1.1 billion in 2023.
- Catamaran yacht market size estimated at $1.8 billion in 2023.
- Global yacht refit market valued at €1.9 billion in 2023.
- China yacht market revenue surged to $800 million in 2023.
- Australia yacht market size was AUD 1.2 billion in 2023.
- Mediterranean yacht charter revenue at €1.4 billion in 2023.
- Global yacht insurance market valued at $2.3 billion in 2023.
- UK yacht market revenue totaled £900 million in 2023.
- Brazil yacht market grew to BRL 2.5 billion in 2023.
- Global yacht accessories market at $1.5 billion in 2023.
- Monaco yacht show generated €500 million in economic value in 2023.
- Fort Lauderdale boat show yacht sales exceeded $1 billion in 2023.
- Global yacht fuel market revenue $900 million in 2023.
- Turkey yacht market revenue reached $700 million in 2023.
- Caribbean yacht charter market at $600 million in 2023.
- Global yacht maintenance services market $2.1 billion in 2023.
- Italian yacht export revenue was €3.8 billion in 2023.
Market Size & Revenue Interpretation
Ownership & Demographics
- There are approximately 12,000 superyachts over 24m owned worldwide in 2023.
- 55% of superyacht owners are from Europe in 2023.
- Average age of superyacht owners is 58 years in 2023.
- U.S. owners control 25% of the global superyacht fleet.
- Number of female yacht owners increased 15% to 1,200 in 2023.
- 40% of superyachts are owned by corporations in 2023.
- Russian owners hold 10% of superyachts over 100m.
- Middle Eastern owners grew to 8% of fleet in 2023.
- Average yacht ownership tenure is 8 years.
- 30% of owners are first-time buyers in 2023.
- Tech billionaires own 15% of superyachts over 80m.
- Family-owned yachts represent 45% of the market.
- Asian owners increased to 12% of global fleet in 2023.
- 65% of owners are over 50 years old.
- Number of yachts flagged under Cayman Islands: 1,800.
- Marshall Islands yacht registry has 1,200 vessels.
- UK-flagged yachts: 900 in 2023.
- 20% of superyachts owned by under 40s in emerging trend.
- Repeat buyers account for 70% of sales.
- South American owners: 5% of fleet.
- Australian owners hold 300 superyachts.
- Number of yachts per millionaire: 1 in 500.
- 25% of owners use yachts for chartering.
- UAE owners: 250 superyachts.
- Canadian superyacht owners: 150.
- 35% of owners are self-made entrepreneurs.
Ownership & Demographics Interpretation
Trends & Sustainability
- Hybrid and electric yachts registrations doubled to 200 in 2023.
- 30% of new superyacht orders include green tech in 2023.
- Yacht fuel consumption reduced by 20% with new engines.
- Number of explorer yachts in fleet up 25% to 400.
- Charter demand for eco-yachts rose 40% in 2023.
- Solar-powered yachts: 50 operational in 2023.
- Biofuel use in yachts increased to 15% of fuel.
- Yacht waste recycling rate: 85% industry average.
- Autonomous yacht tech adopted in 10% of new builds.
- Wellness-focused yacht designs up 35%.
- Asia-Pacific yacht market growth driven by 10% annual increase in charters.
- Superyacht wellness amenities in 60% of new orders.
- Hydrogen fuel cell yachts: 5 prototypes launched in 2023.
- Carbon offset programs adopted by 70% of owners.
- Yacht tender electrification: 40% market penetration.
- Remote work yacht charters up 50% post-pandemic.
- NFT yacht ownership fractionalized 100 assets.
- AI navigation systems in 25% of superyachts.
- Sustainable materials in yacht builds: 20% increase.
- Yacht show exhibitors for green tech: 200 in 2023.
- Crew training for sustainability: 80% coverage.
- Yacht cruising speeds down 10% for efficiency.
- Regenerative ocean projects funded by yachts: $10 million.
- Battery storage capacity in yachts tripled since 2020.
- Yachting carbon emissions down 12% industry-wide.
- Adventure charter bookings up 30%.
Trends & Sustainability Interpretation
Yacht Sales & Production
- In 2023, 592 new superyachts over 30m were delivered worldwide.
- Superyacht sales volume reached 1,200 transactions in 2023.
- Beneteau Group produced 5,200 yachts in 2023.
- Ferretti Group delivered 100 superyachts in 2023.
- Azimut Benetti sold 50 yachts over 30m in 2023.
- Sunseeker International produced 120 yachts in 2023.
- Heesen Yachts delivered 8 superyachts in 2023.
- Lürssen shipyard completed 5 superyachts over 100m in 2023.
- Feadship handed over 4 custom superyachts in 2023.
- Princess Yachts manufactured 1,500 yachts in 2023.
- Global yacht production capacity increased by 15% to 10,000 units in 2023.
- Used yacht sales accounted for 70% of total transactions in 2023.
- Average superyacht sale price was €25 million in 2023.
- 250 explorer yachts were sold in 2023.
- Catamaran sales grew 20% to 1,800 units in 2023.
- Sailing yacht new builds totaled 1,200 in 2023.
- U.S. yacht exports reached 400 units in 2023.
- Italian yacht production was 4,500 units in 2023.
- Dutch superyacht builds numbered 150 in 2023.
- German yacht sales hit 800 units in 2023.
- French yacht industry produced 3,200 yachts in 2023.
- Turkish yacht exports were 650 vessels in 2023.
- Chinese yacht production reached 500 units in 2023.
- Australia built 300 yachts domestically in 2023.
- Monaco saw 150 superyacht sales at its show in 2023.
- Dubai International Boat Show recorded $500 million in yacht deals in 2023.
- Fort Lauderdale show facilitated 300 yacht sales in 2023.
- Southampton Boat Show sold 500 yachts in 2023.
- Used superyachts over 50m sold: 120 in 2023.
- New yacht orders for 2024 backlog: 800 units as of end 2023.
Yacht Sales & Production Interpretation
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