According to the latest report by IMARC Group “Asia Pacific Luxury Yacht Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The Asia Pacific luxury yacht market size reached US$ 1,371 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,422 Million by 2027, exhibiting a growth rate (CAGR) of 10.25% during 2022-2027.
A luxury yacht is a professionally crewed marine vessel used for recreational purposes. It is made from reinforced polymer, wood, and composites and can operate through wind sailing or a propulsion system. It is also equipped with modern style, design, comfort, and technologically advanced components to enhance the overall performance of the yacht and user.
Request for a free sample copy of this report: https://www.imarcgroup.com/asia-pacific-luxury-yacht-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
There is a rise in the demand for marine recreational activities in the Asia Pacific region on account of inflating disposable incomes and improving living standards among individuals. This represents one of the key factors bolstering the growth of the market. Besides this, a significant availability of improved maritime security systems, tracking, and connectivity, is also contributing to market growth in the region. Moreover, leading market players are employing state-of-the-art technology that offers spacious cabins, well-equipped galleys, dining rooms and staterooms, which are embedded with sound and media systems. These innovations are creating a favorable market outlook in the region.
Breakup by Type:
- Sailing Luxury Yacht
- Motorized Luxury Yacht
Breakup by Size:
- 75-120 Feet
- 121-250 Feet
- Above 250 Feet
Breakup by Material:
- FRP/ Composites
- Metal/ Alloys
Breakup by Application:
Breakup by Country:
- South Korea
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3762&flag=C
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Related Reports By IMARC Group
Gas Insulated Switchgear Market Demand
Kitchen Appliances Market Share
Premium Bottled Water Market Trends
Tag Management System Market Analysis
Urinary Incontinence Devices Market Share
Flue Gas Desulfurization Market Analysis
RegTech Market Growth Analysis
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800