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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Trends in the Market
A luxury yacht is a high-end and opulent watercraft crafted for recreational pursuits. Typically owned privately or chartered exclusively, these vessels boast impressive dimensions, often spanning from 80 to over 300 feet, and provide abundant room for lavish amenities and extravagant features.
Luxury yachts are fashioned and crafted with the finest materials, advanced engineering, and cutting-edge technology. These opulent vessels encompass multiple spacious decks, along with features such as swimming pools, hot tubs, sunbathing areas, helipads, cinemas, spas, gyms, and even mini-submarines.
- The United States luxury yacht market growth can be attributed to the healthy economic growth of the country and the growing disposable incomes of individuals, resulting in heightened consumer spending capacities on luxury goods and experiences. Luxury yachts serve as symbols of prestige and wealth, drawing in affluent individuals who aspire to access exclusive and luxurious recreational options.
- The rising popularity of recreational boating and maritime activities in the United States, coupled with the country's extensive coastline, numerous lakes, and rivers, provides lucrative opportunities supporting the United States luxury yacht market demand. Besides, the growing interest among yacht owners in remote exploration is further bolstering the market expansion.
- One of the key United States luxury yacht market trends includes the shift towards eco-friendly yacht designs. Yachts made from recycled and organic materials such as natural composites and aluminium, among others, through sustainable construction processes are gaining significant popularity among eco-conscious customers.
Moreover, the growing adoption of hybrid electric solutions and other low-carbon technologies that can improve the energy efficiency of yachts is likely to propel the market growth in the coming years.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
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