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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Westport Yachts, founded in 1964, is engaged in providing wide variety of vessels, ranging from commercial fishing boats and fast passenger ferries to luxurious motor yachts. The company uses cutting-edge composite technologies and materials, such as infusion, resin impregnation, and advanced coring materials, to construct vessels that are characterised by a combination of lightweight design and superior strength. The strategic use of advanced composites contributes to the overall durability and performance of the company's vessels, ensuring a high level of quality in terms of both weight efficiency and structural integrity.
Christensen Shipyards, LLC, established in 2015, specialises in the design, construction, and repair of boats, and has particularly gained recognition for crafting luxury American motor yachts. The shipyard also has two 50-meter yachts in the process of construction and is open for purchase. Notably, Christensen Shipyards also provides the opportunity for prospective buyers to initiate the construction of an additional hull, showcasing their commitment to meeting the demand for bespoke, high-end yachting experiences.
Horizon Yacht USA, founded in 1987, stands as one of the leading yacht builders renowned for its cutting-edge technologies, premium materials, and some of the most skilled designers. Horizon Yachts operates four manufacturing facilities, each holding ISO 9001 certification.
Other market players operating in the United States luxury yacht market include Burger Boat Company, Derecktor Shipyards Conn., LLC., Hargrave Custom Yachts., Sunseeker International Limited, Alexander Marine International Co., Ltd., Heesen Yachts Sales B.V., and Princess Yachts Limited, among others.
United States Luxury Yacht Market Report Snapshots
United States Luxury Yacht Market Size
United States Luxury Yacht Market Trends
United States Luxury Yacht Market Analysis
United States Luxury Yacht Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.40 billion.
The market is assessed to grow at a CAGR of 8.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 7.09 billion by 2032.
The key market drivers involve the robust growth of the tourism industry, technological advancements, and extensive use of lightweight and high-strength materials in manufacturing luxury yachts.
The major key trends include increasing spending capacities on luxury goods and experiences, rising disposable incomes, and the growing economy of the country.
The different applications of luxury yacht are commercial and private.
The major regions in the market include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The key players in the market include Westport Yachts, Christensen Shipyards, LLC, Horizon Yacht USA, Burger Boat Company, Derecktor Shipyards Conn., LLC., Hargrave Custom Yachts, Sunseeker International Limited, Alexander Marine International Co., Ltd., Heesen Yachts Sales B.V., and Princess Yachts Limited, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124