Please Wait.....
Report
United States Luxury Yacht Market Report and Forecast 2024-2032
Market Report I 2024-04-08 I 146 Pages I EMR Inc.
United States Luxury Yacht Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States luxury yacht market size reached a value of USD 3.40 billion in 2023. Aided by the increasing affluence of consumers, the growing interest in luxury maritime experiences, and advancements in yacht technology, the market is projected to further grow at a CAGR of 8.3% between 2024 and 2032 to reach a value of USD 7.09 billion by 2032.
Luxury yachts are synonymous with opulence and high-end maritime leisure, offering an unrivalled blend of comfort, customisation, and adventure. These vessels are not merely modes of water transportation but symbols of status and luxury, equipped with state-of-the-art technology, lavish accommodations, and bespoke amenities. The U.S., in particular, stands as a global leader in the luxury yacht sector, home to a significant number of yacht manufacturers, brokers, and a growing clientele of affluent individuals and charter services.
The United States luxury yacht market growth is greatly influenced by the increasing disposable incomes among the affluent class, allowing for greater spending on luxury goods and experiences, including yachting. The luxury yacht charter market is also witnessing significant growth, fuelled by consumers seeking unique and exclusive vacation experiences. This trend is particularly strong among millennials and Gen Z, who prioritise experiences over ownership.
High-net-worth individuals are seeking yachts that reflect their personal style and preferences, driving demand for custom-built yachts. This desire for bespoke designs and features is spurring innovation and craftsmanship in the luxury yacht market in the United States. The United States boasts an extensive coastline and numerous yacht-friendly destinations, making it an ideal location for maritime tourism. Luxury yachts are also increasingly used for special events, corporate gatherings, and leisure travel, contributing to market growth.
While the demand for new luxury yachts continues, there is also a growing market for pre-owned yachts. This trend is partly driven by buyers looking for value and shorter delivery times. As per the United States luxury yacht market analysis, the pre-owned market allows for the acquisition of luxury yachts at a reduced cost, with the potential for customisation and retrofitting to meet the buyer's specifications and is an attractive option for first-time buyers and seasoned owners alike.
There is also a growing trend towards eco-consciousness in the luxury yacht sector, with manufacturers and buyers alike prioritising sustainability. This includes the development and use of hybrid or electric propulsion systems, solar panels, and eco-friendly materials for construction and interiors. Sustainable practices are not just about reducing environmental impact but also about meeting the demands of eco-aware consumers and ensuring compliance with increasingly stringent maritime environmental regulations.
A shift in consumer preferences towards unique and off-the-beaten-path experiences is influencing the United States luxury yacht market expansion. Buyers are increasingly interested in explorer yachts that can navigate remote destinations without sacrificing comfort or luxury. This demand for adventure and exploration is driving the development of yachts with enhanced range, durability, and amenities that cater to extended voyages in diverse marine environments.
The way luxury yachts are marketed and sold is evolving, with a significant emphasis on digital platforms, virtual tours, and augmented reality (AR) experiences. As per the United States luxury yacht market outlook, prospective buyers can explore and customise yachts virtually before making a purchase decision, enhancing the buying experience, and expanding the market reach.
As technology advances, luxury yachts are becoming smarter and more connected. This trend encompasses the integration of IoT (Internet of Things) devices, advanced navigation systems, and digital controls that enhance operational efficiency, safety, and convenience, further supporting the United States luxury yacht market share.
Market Segmentation
The market can be divided based on size, material, type, application, and region.
Market Breakup by Size
- 75-120 Feet
- 121-250 Feet
- Above 250 Feet
Market Breakup by Type
- Sailing Luxury Yacht
- Motorised Luxury Yacht
- Others
Market Breakup by Material
- FRP/ Composites
- Metal/ Alloys
- Others
Market Breakup by Application
- Commercial
- Private
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States luxury yacht market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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.
- Princess Yachts Limited
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Luxury Yacht Market Overview
8.1 Key Industry Highlights
8.2 North America Luxury Yacht Historical Market (2018-2023)
8.3 North America Luxury Yacht Market Forecast (2024-2032)
8.4 North America Luxury Yacht Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Luxury Yacht Market Overview
9.1 Key Industry Highlights
9.2 United States Luxury Yacht Historical Market (2018-2023)
9.3 United States Luxury Yacht Market Forecast (2024-2032)
10 United States Luxury Yacht Market by Size
10.1 75-120 Feet
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 121-250 Feet
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Above 250 Feet
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Luxury Yacht Market by Type
11.1 Sailing Luxury Yacht
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Motorised Luxury Yacht
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 United States Luxury Yacht Market by Material
12.1 FRP/ Composites
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Metal/ Alloys
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 United States Luxury Yacht Market by Application
13.1 Commercial
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Private
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 United States Luxury Yacht Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Westport Yachts
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Christensen Shipyards, LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Horizon Yacht USA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Burger Boat Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Derecktor Holdings LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Hargrave Custom Yachts
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Sunseeker International Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Alexander Marine International Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Heesen Yachts Sales B.V.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Princess Yachts Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Luxury Yacht Market: Key Industry Highlights, 2018 and 2032
2. United States Luxury Yacht Market: Key Industry Highlights, 2018 and 2032
3. United States Luxury Yacht Historical Market: Breakup by Size (USD Billion), 2018-2023
4. United States Luxury Yacht Market Forecast: Breakup by Size (USD Billion), 2024-2032
5. United States Luxury Yacht Historical Market: Breakup by Type (USD Billion), 2018-2023
6. United States Luxury Yacht Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. United States Luxury Yacht Historical Market: Breakup by Material (USD Billion), 2018-2023
8. United States Luxury Yacht Market Forecast: Breakup by Material (USD Billion), 2024-2032
9. United States Luxury Yacht Historical Market: Breakup by Application (USD Billion), 2018-2023
10. United States Luxury Yacht Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. United States Luxury Yacht Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Luxury Yacht Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States Luxury Yacht Market Structure
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security