Market Overview:
The global mega yachts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing disposable income, growing popularity of luxury lifestyle, and rising demand for personal transportation. In terms of type, the steel segment is expected to lead the global mega yachts market during the forecast period owing to its high strength-to-weight ratio and corrosion resistance properties. However, composites are projected to grow at a higher CAGR than other types during the forecast period on account of their superior properties such as light weight and high strength. By application, personal transportation is estimated to account for a larger share of the global mega yachts market in 2018 followed by commercial applications.
Product Definition:
Mega yachts are large luxury sailing or motor vessels, typically measuring over 100 feet (30 meters) in length. They are popular among the super-rich and often used as a way to travel between different luxury vacation destinations. While mega yachts can be used for a variety of purposes, including fishing and diving, they are most commonly associated with opulent parties and extravagant displays of wealth. The popularity of mega yachts has grown in recent years, with more people purchasing or chartering these vessels to show off their status and wealth.
Steel:
Steel is one of the most important materials used in mega yacht manufacturing. It has been witnessing a steady growth rate over the past few years and this trend is expected to continue over the forecast period. The primary factors driving this growth include rising disposable income, population expansion & migration, and changing lifestyle preferences among consumers across emerging economies such as China & India.
The global mega yacht market was valued at USD 8.4 billion in 2016.
Aluminum:
Aluminum is a lightweight, durable & flexible metal that is extruded into sheets and then rolled to form an ingot. It can be further processed to produce various shapes including sheets, tubes, and flakes. Aluminum has excellent strength & stiffness; high thermal conductivity; low density; high electrical conductivity; corrosion resistance along with being light in weight which makes it suitable for use in mega yacht components such as decks, superstructure hulls or even the masts.
Application Insights:
The personal use yacht segment accounted for the largest revenue share of over 60% in 2017. The growing importance of luxury and status among the middle-class population has resulted in a huge demand for superyachts with features such as space, comfort, and amenities suitable for personal use. Personal yachts are mainly used on cruise trips or vacations by individuals who can afford them.
Commercial application is expected to be the fastest-growing segment from 2018 to 2030 owing to increasing demand from oil & gas companies, sports teams and film stars among others. Mega yacht clubs are popularized through social media which enables people around the world to access information regarding these vessels directly from their smartphones or computers without traveling personally.
Regional Analysis:
Asia Pacific mega yacht market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing disposable income, especially in China and India. Furthermore, rising real estate prices in these countries have encouraged people to purchase yachts as an investment vehicle. As per a recent survey, China has around 1 million millionaires with a net worth above USD X million and this number is expected to reach 600 thousand by 2020.
North America accounted for more than 25% of the overall revenue share in 2017 owing high ownership percentage of superyacht owners from U.S.
Growth Factors:
- Increasing demand for luxury goods and services: The growth of the mega yacht market is closely linked to the growth of the luxury goods and services market. As more and more people become affluent, they are looking for ways to spend their money on luxurious items and experiences.
- Rising disposable incomes: Another key driver of the mega yacht market is rising disposable incomes around the world. This has led to an increase in demand for high-end products and services, including mega yachts.
- Growing popularity of luxury travel: Mega yachts are becoming increasingly popular as a form of luxury travel, as they offer a unique experience that cannot be found elsewhere. This has helped fuel demand for these vessels in recent years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mega Yachts Market Research Report
By Type
Steel, Aluminum, Composite
By Application
Personal, Commercial
By Companies
Trinity Yachts, Admiral Yachts, Proteksan-Turquoise, Oceanco, Columbus, Delta Marine, Isa Yachts, Rossinavi, Baglietto spa, Benetti, Feadship, Heesen, Hakvoort, Ocea, Palmer Johnson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Mega Yachts Market Report Segments:
The global Mega Yachts market is segmented on the basis of:
Types
Steel, Aluminum, Composite
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trinity Yachts
- Admiral Yachts
- Proteksan-Turquoise
- Oceanco
- Columbus
- Delta Marine
- Isa Yachts
- Rossinavi
- Baglietto spa
- Benetti
- Feadship
- Heesen
- Hakvoort
- Ocea
- Palmer Johnson
Highlights of The Mega Yachts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Aluminum
- Composite
- By Application:
- Personal
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mega Yachts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mega Yachts is a global yacht builder and operator. The company designs, manufactures and operates luxury yachts. Mega Yachts has built over 1,000 boats since its inception in 1988.
Some of the key players operating in the mega yachts market are Trinity Yachts, Admiral Yachts, Proteksan-Turquoise, Oceanco, Columbus, Delta Marine, Isa Yachts, Rossinavi, Baglietto spa, Benetti, Feadship, Heesen, Hakvoort, Ocea, Palmer Johnson.
The mega yachts market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mega Yachts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mega Yachts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mega Yachts Market - Supply Chain
4.5. Global Mega Yachts Market Forecast
4.5.1. Mega Yachts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mega Yachts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mega Yachts Market Absolute $ Opportunity
5. Global Mega Yachts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mega Yachts Market Size and Volume Forecast by Type
5.3.1. Steel
5.3.2. Aluminum
5.3.3. Composite
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mega Yachts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mega Yachts Market Size and Volume Forecast by Application
6.3.1. Personal
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mega Yachts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mega Yachts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mega Yachts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mega Yachts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mega Yachts Demand Share Forecast, 2019-2026
9. North America Mega Yachts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mega Yachts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mega Yachts Market Size and Volume Forecast by Application
9.4.1. Personal
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mega Yachts Market Size and Volume Forecast by Type
9.7.1. Steel
9.7.2. Aluminum
9.7.3. Composite
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mega Yachts Demand Share Forecast, 2019-2026
10. Latin America Mega Yachts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mega Yachts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mega Yachts Market Size and Volume Forecast by Application
10.4.1. Personal
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mega Yachts Market Size and Volume Forecast by Type
10.7.1. Steel
10.7.2. Aluminum
10.7.3. Composite
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mega Yachts Demand Share Forecast, 2019-2026
11. Europe Mega Yachts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mega Yachts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mega Yachts Market Size and Volume Forecast by Application
11.4.1. Personal
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mega Yachts Market Size and Volume Forecast by Type
11.7.1. Steel
11.7.2. Aluminum
11.7.3. Composite
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2 By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mega Yachts Demand Share, 2019-2026
12. Asia Pacific Mega Yachts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mega Yachts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mega Yachts Market Size and Volume Forecast by Application
12.4.1. Personal
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mega Yachts Market Size and Volume Forecast by Type
12.7.1. Steel
12.7.2. Aluminum
12.7.3. Composite
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mega Yachts Demand Share, 2019-2026
13. Middle East & Africa Mega Yachts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mega Yachts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mega Yachts Market Size and Volume Forecast by Application
13.4.1. Personal
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mega Yachts Market Size and Volume Forecast by Type
13.7.1. Steel
13.7.2. Aluminum
13.7.3. Composite
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mega Yachts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mega Yachts Market: Market Share Analysis
14.2. Mega Yachts Distributors and Customers
14.3. Mega Yachts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trinity Yachts
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Admiral Yachts
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Proteksan-Turquoise
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oceanco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Columbus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Delta Marine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Isa Yachts
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rossinavi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Baglietto spa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Benetti
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Feadship
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Heesen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hakvoort
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ocea
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Palmer Johnson
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook