Europe Luxury Yacht Market Size - By Yacht, By Size, By Material, By Propulsion, By Application, Growth Forecast, 2025 - 2034

Europe Luxury Yacht Market Size

The Europe luxury yacht market size was estimated at USD 3.8 billion in 2024. The market is expected to grow from USD 4.1 billion in 2025 to USD 8.4 billion in 2034, at a CAGR of 9.6%.

• The Europe luxury yacht market is witnessing steady expansion, fueled by rising ultra-high-net-worth individuals, increased demand for personalized leisure experiences, and surging interest in sustainable marine tourism. Countries such as Italy, the Netherlands, and Germany dominate production with strong naval architecture, craftsmanship, and heritage.
   
• The push for hybrid and fully electric propulsion systems, alongside lightweight materials such as carbon fiber, is transforming the yacht-building landscape. The Mediterranean region, especially France, Spain, and Greece, continues to attract high yacht traffic, bolstering demand for charters, marina infrastructure, and premium onboard services.
   
• While the COVID-19 pandemic temporarily slowed manufacturing and global deliveries, it also accelerated private ownership trends. Post-pandemic, consumers increasingly favor secluded, customized yachting experiences, leading to a spike in demand for explorer yachts and long-range vessels.
   
• European Union environmental regulations, including emission limits and sustainability targets, are pushing shipbuilders to innovate with green technologies, hybrid systems, and recyclable materials. Growing interest in hydrogen and solar-powered yachts reflects the industry's alignment with the EU’s Green Deal initiatives.
   
• Europe remains a global innovation and design hub for luxury yachts, with companies investing heavily in automation, smart navigation, and onboard IoT-enabled comfort systems. Collaborations between shipyards, tech firms, and interior designers are driving a new era of opulent, connected, and eco-conscious marine mobility.
   

Europe Luxury Yacht Market Trends

• Since 2018–2019, the rise in ultra-high-net-worth individuals, coastal tourism, and luxury travel preferences across Italy, France, and the Netherlands has accelerated demand for bespoke and technologically advanced luxury yachts. Owners and charter clients now prioritize smart navigation, high-end amenities, and eco-conscious designs, driving innovation in onboard systems.
   
• In mid-2025, a leading German yacht builder launched a hybrid-powered 80-meter superyacht at the Monaco Yacht Show, equipped with AI-enhanced energy management, remote monitoring, and smart interior automation. This highlights how European shipyards are integrating advanced technologies to set new benchmarks in comfort, performance, and sustainability.
   
• Governments across Europe, particularly in France, Spain, and Greece have implemented marina modernization initiatives and sustainability policies supporting cleaner marine transport and luxury tourism. These policies, active since 2017, are encouraging the adoption of hybrid and electric propulsion systems in new yacht builds.
   
• With the industry’s shift toward green luxury, European manufacturers are heavily investing in lightweight materials such as carbon fiber, noise-reduction systems, and alternative fuel technologies such as hydrogen. These developments align with growing demand for sustainable marine experiences and the EU's broader carbon neutrality goals.
   
• In early 2025, at the Cannes Yachting Festival, a Dutch shipbuilder introduced a fully autonomous concept yacht featuring solar-integrated decks, digital twin maintenance tools, and augmented reality (AR)-driven navigation systems. This reflects Europe's leadership in blending luxury, sustainability, and next-generation marine tech in a market catering to increasingly sophisticated clientele.
   

Europe Luxury Yacht Market Analysis

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Based on yacht, the Europe luxury yacht market is divided into motor yacht, sailing yacht, and expedition/explorer yacht. The motor yacht segment dominated the market, accounting for 76% market share in 2024 and is expected to grow at a CAGR of 10% through 2034.
 

• The motor yacht segment dominates the Europe luxury yacht market due to its versatility, high cruising speed, and superior onboard comfort. With increasing demand from HNWIs across France, Italy, and the UK, motor yachts are becoming the preferred choice for private leisure and charter operations, offering luxurious interiors, advanced propulsion, and long-range capabilities.
   
• The expedition/explorer yacht segment is witnessing notable growth, registering a CAGR of nearly 5% from 2024 to 2030. Owners seeking off-the-grid travel and long-haul cruising in Arctic, Mediterranean, and Atlantic regions are driving demand. These vessels are designed with reinforced hulls, hybrid propulsion, and enhanced storage for extended autonomy and adventure cruising.
   
• Growing preference for private ownership and customization is accelerating the motor yacht segment, with European shipyards introducing semi-custom and fully bespoke models featuring cutting-edge entertainment systems, beach clubs, and wellness zones tailored for personal lifestyle needs.
   
• In early 2025, a renowned Dutch yacht builder launched a 70-meter hybrid-powered motor yacht at the Cannes Yachting Festival, equipped with AI-driven energy optimization, smart glass technologies, and underwater observation lounges—demonstrating how builders are elevating luxury with innovation and eco-conscious designs.
   
• As luxury travelers seek unique and immersive experiences, the explorer yacht segment is gaining momentum among adventure enthusiasts. Equipped for remote cruising, these yachts feature ice-class hulls, research-grade sonar, and helipads, making them ideal for voyages to the Norwegian fjords, Greek archipelagos, and Arctic Circle.

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Based on size, the market is segmented into up to 50 meters, 50 to 100 meters, and above 100 meters. The up to 50 meters segment held around 72% of the market share in the Europe luxury yacht market and generated revenue of USD 2.7 billion in 2024.
 

• The up to 50 meters segment dominates the market, driven by strong demand for versatile, manageable-sized yachts that balance luxury, performance, and operational ease. This segment appeals to private owners and charter companies alike, with European countries such as Italy, France, and the Netherlands leading production and innovation in this category.
   
• The Europe luxury yacht market from 50 to 100 meters segment is experiencing robust growth, registering a CAGR of around 9% till 2034, as ultra-high-net-worth individuals increasingly seek larger, superyachts with expansive amenities and longer cruising ranges. This size class is favored for both private ownership and luxury charter markets, especially in mediterranean hotspots such as Monaco, Spain, and Greece.
   
• Advancements in smart onboard technologies, hybrid propulsion, and bespoke interior designs are enhancing the appeal of yachts in both segments. Shipbuilders are collaborating with luxury designers and tech firms to create highly personalized experiences, including wellness areas, advanced navigation, and entertainment systems.
   
• In early 2025, a prominent Italian shipyard unveiled a 60-meter hybrid superyacht featuring AI-powered energy management, remote diagnostics, and immersive onboard connectivity, reflecting growing emphasis on sustainability and innovation in the mid-size yacht category.
   
• The rising trend toward multi-use yachts that can serve private leisure as well as high-end charter is driving investment in the 50 to 100 meters segment, supported by increased global interest in experiential luxury travel and the expanding marine tourism industry across Europe.
   

Based on material, the Europe luxury yacht market is segmented into fiberglass/composite, metal/ alloys, carbon fiber, and others. The fiberglass/composite segment dominates the market with 63% share in 2024, and the segment is expected to grow at a CAGR of over 10% from 2025 to 2034.
 

• The fiberglass/composite segment dominates the Europe luxury yacht market due to its lightweight structure, design flexibility, and cost-effectiveness. Shipyards in countries such as Italy, the UK, and Poland are leading the production of high-performance fiberglass yachts, catering to demand for fuel efficiency, sleek aesthetics, and fast cruising capabilities.
   
• The metal/alloys segment, registering a CAGR of approximately 9% in 2024, is gaining traction among ultra-luxury buyers who prioritize durability, safety, and custom superyacht configurations. Aluminum and steel are preferred materials for larger expedition and megayacht builds, offering structural strength and long-range capabilities essential for transoceanic travel.
   
• With increasing focus on sustainability, many European yacht builders are integrating eco-friendly materials, hybrid propulsion systems, and advanced hull designs into fiberglass models. These innovations are elevating the appeal of composite yachts in both private ownership and luxury charter segments.
   
• In early 2025, a renowned Dutch yacht builder unveiled a 70-meter aluminum superyacht featuring AI-powered onboard energy management, noise reduction technologies, and recyclable components, showcasing the rising popularity of metal construction for high-tech, sustainable vessels.
   
• Growing consumer expectations for customization, performance, and environmental responsibility are driving shipyards to enhance both material segments. While fiberglass/composite remains dominant for mid-sized yachts, metal/alloy constructions are increasingly favored for bespoke superyachts designed for exploration, long voyages, and elite experiences.

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Italy dominated the Western Europe luxury yacht market with around 38% market share and generated around USD 755.8 million in revenue in 2024.
 

• Italy leads the market, driven by its rich maritime heritage, globally renowned yacht-building expertise, and a strong network of premier shipyards such as Azimut-Benetti, Ferretti Group, and Sanlorenzo. As the region’s largest producer of luxury yachts, Italy accounts for a substantial share of Europe’s new builds and exports.
   
• The market thrives on Italy’s deep-rooted craftsmanship, advanced design capabilities, and highly skilled labor force. Italian manufacturers continue to set design and innovation benchmarks with sleek, high-performance motor yachts, fully-custom superyachts, and eco-conscious hybrid vessels that cater to global UHNW clientele.
   
• Italy’s leadership is reinforced by strong demand from international buyers, strategic coastal infrastructure, and support from regional governments that prioritize marine tourism and industrial exports. Annual events such as the Genoa International Boat Show serve as crucial platforms for new launches, partnerships, and showcasing cutting-edge marine technologies.
   
• Other Western European countries such as Germany, France, and the Netherlands play pivotal roles in driving technological innovation and high-end custom builds. Germany’s Lurssen and France’s CNB contribute to superyacht excellence, while Dutch yards such as Feadship and Oceanco are recognized for ultra-luxury expedition and megayacht production.
   
• With increasing emphasis on sustainability and smart navigation systems, Western Europe’s yacht builders are integrating advanced propulsion systems, AI-powered onboard automation, and eco-friendly materials. Italy remains at the forefront, not just as a manufacturing hub, but as a trendsetter in defining modern yachting lifestyle, performance, and luxury experiences across Europe and beyond.
   

Poland dominates Eastern Europe luxury yacht market and is expected to experience significant and promising growth from 2025 to 2034.
 

• Poland dominates the Eastern Europe luxury yacht market, supported by a robust manufacturing ecosystem, cost-effective skilled labor, and a long-standing tradition of shipbuilding along the Baltic coast. The country is a key exporter of mid-sized motor yachts, sailing yachts, and customized leisure vessels to Western Europe and North America.
   
• Polish shipyards, particularly in Gdansk, Szczecin, and Gdynia, are known for delivering high-quality fiberglass and composite yachts. Leading players such as Galeon Yachts, Sunreef Yachts, and Delphia Yachts have earned global recognition for their craftsmanship, modern designs, and innovations in eco-friendly propulsion systems and catamarans.
   
• The market benefits from EU funding for maritime infrastructure development and close integration with Western European supply chains. Poland’s competitive pricing, rapid production cycles, and rising domestic demand from affluent consumers have further strengthened its leadership position in the region.
   
• Other Eastern European countries such as Croatia, Bulgaria, and Romania contribute to regional growth through boutique yacht building, charter services, and luxury marina infrastructure. Croatia, in particular, is emerging as a charter hotspot, with its Adriatic coastline offering premium sailing experiences and supporting domestic yacht fleet expansion.
   
• With growing interest in electric propulsion, digital navigation systems, and modular interiors, Eastern Europe is evolving into a cost-efficient, innovation-driven hub. Poland continues to lead this transition by blending traditional craftsmanship with advanced marine technologies positioning itself as a vital player in Europe’s luxury yacht supply chain and export landscape.
   

Norway dominates Northern Europe luxury yacht market and is expected to experience significant and promising growth from 2025 to 2034.
 

• Norway leads the Northern Europe luxury yacht market, driven by its strong maritime heritage, advanced marine engineering capabilities, and high demand for expedition-style yachts suited for Arctic exploration. Norwegian shipyards are renowned for building ultra-durable, ice-class explorer yachts that combine luxury with polar-grade resilience.
   
• Builders such as Vard (a Fincantieri company) and Flekkefjord Slipp specialize in custom, long-range expedition vessels equipped with hybrid propulsion, high fuel autonomy, and sophisticated navigation technologies. These offerings cater to ultra-high-net-worth individuals seeking bespoke yachting experiences in remote destinations.
   
• The country’s stringent environmental regulations and incentives for green technology adoption have accelerated innovation in low-emission and electric luxury yachts. Norway is pioneering fully electric vessels and integrating hydrogen and hybrid systems, setting a benchmark for sustainable yacht construction across Europe.
   
• Other Northern European countries including Sweden, Finland, Denmark, and the Netherlands are contributing significantly to the regional market. Finland’s Baltic Yachts and Sweden’s Delta Powerboats are recognized for high-performance sailing yachts and innovative hull designs. Denmark is emerging with niche players focusing on craftsmanship and Scandinavian aesthetics.
   
• With rising demand for cold-climate cruising, autonomous navigation, and eco-conscious luxury travel, Northern Europe is evolving as a premium segment in the global yacht industry. Norway’s position as a leader is reinforced by its strategic location, advanced shipyard infrastructure, and forward-thinking approach to maritime sustainability.
   

Greece dominates Southern Europe luxury yacht market and is expected to experience significant and promising growth from 2025 to 2034.
 

• Greece dominates the Southern Europe luxury yacht market, fueled by its expansive coastline, world-renowned yachting destinations, and strong charter market. The country boasts over 6,000 islands and islets, making it one of the most attractive regions globally for luxury yacht cruising, particularly during the Mediterranean summer season.
   
• Greek shipyards such as Golden Yachts, Alpha Marine, and Mondo Marine Hellas are increasingly recognized for building large, custom motor yachts and refitting superyachts with advanced engineering, luxurious interiors, and eco-efficient systems. The country also leads in yacht management, brokerage, and charter services through established players such as Atalanta Golden Yachts and Fraser Greece.
   
• Greece’s regulatory environment supports yachting growth, offering tax benefits and modernized port infrastructure across Piraeus, Athens Riviera, and key island hubs such as Mykonos and Corfu. In recent years, initiatives to improve marina capacity and attract high-net-worth individuals have significantly boosted the domestic luxury yacht ecosystem.
   
• Other Southern European countries, such as Italy, Spain, and Croatia, also play crucial roles. Italy is a powerhouse in yacht manufacturing, home to global giants such as Ferretti Group, Azimut Benetti, and Sanlorenzo, with yards located in Liguria, Tuscany, and Viareggio. These brands drive innovation in design, hybrid propulsion, and customizable luxury experiences.
   
• Spain continues to invest in superyacht hubs such as Barcelona and Palma de Mallorca, where high-end refit and repair facilities are in demand. The Balearic and Canary Islands offer extended charter seasons due to favorable climate, reinforcing Spain’s strategic appeal.
   
• Meanwhile, Croatia is emerging as a premier destination for luxury yacht tourism in the Adriatic Sea. The country is investing in modern marina infrastructure, particularly in Split and Dubrovnik, while local builders are gaining traction for custom and semi-custom models suited to regional cruising.
   
• With Greece at the forefront and strong contributions from Italy, Spain, and Croatia, Southern Europe remains the epicenter of the luxury yacht market, blending centuries of maritime heritage with modern innovation, bespoke services, and iconic coastal experiences.
   

Europe Luxury Yacht Market Share

• The top 7 companies in the Europe luxury yacht industry are Azimut Benetti Group, Ferretti Group, Lurssen Yachts, Feadship, Heesen Yachts, Sunseeker International, and Princess Yachts contributing over 24% of the market in 2024.
   
• Azimut Benetti Group is a dominant player in the Europe luxury yacht market, leveraging its deep Italian shipbuilding heritage and a broad portfolio of motor and superyachts to cater to rising demand across Southern and Western Europe. The group’s focus on lightweight materials, custom design, and hybrid propulsion supports its leadership among UHNWIs seeking personalized maritime experiences.
   
• Ferretti Group continues to expand its influence across the European market through its extensive brand lineup, including Riva, Custom Line, and Pershing. The company has seen rising traction in the Mediterranean charter segment and is enhancing production capabilities with a focus on eco-friendly composite materials and digital yacht control systems.
   
• Lurssen Yachts, based in Germany, dominates the ultra-luxury segment of the European custom yacht market. Its high level of craftsmanship, naval engineering, and onboard security systems make it a preferred brand among elite buyers in Western and Northern Europe. Lurssen’s focus on sustainable propulsion and long-range explorer models aligns with evolving environmental priorities in the region.
   
• Feadship, a collaboration of Dutch shipyards Royal Van Lent and Koninklijke De Vries, is a market leader in custom-built yachts across Northern and Western Europe. Known for its innovation in hull efficiency, interior architecture, and emissions reduction, Feadship appeals strongly to discerning buyers in the Netherlands, Scandinavia, and the UK.
   
• Heesen Yachts is accelerating its market position through performance-based designs and fuel-efficient fast displacement hulls. The company’s strong presence in Northern Europe is complemented by increasing interest from Western European owners seeking 50–100-meter motor yachts with hybrid or all-electric options.
   
• Sunseeker International remains a key player in the Europe luxury yacht market with its sporty fiberglass motor yachts gaining traction across the UK, France, and Benelux countries. Its integration of user-centric smart technologies and aggressive styling continues to attract younger HNWI buyers.
   
• Princess Yachts, headquartered in the UK, has consistently strengthened its position in the fiberglass yacht segment by offering vessels with improved efficiency, comfort, and seakeeping. With growing sales in Northern and Western Europe, Princess benefits from robust dealer networks and expanding interest in weekend cruising yachts.
   

Europe Luxury Yacht Market Companies

Major players operating in the Europe luxury yacht industry are:

• Azimut Benetti
• Benetti Yachts
• Damen Yachting
• Feadship
• Ferretti
• Heesen Yachts
• Lurssen Yachts
• Princess Yachts
• Sanlorenzo
• Sunseeker
   
• In the Europe luxury yacht market, leading players such as Azimut Benetti Group, Ferretti Group, and Lurssen Yachts have made significant investments in advanced marine technologies tailored to regional customer preferences and evolving environmental regulations.
   
• Azimut Benetti continues to innovate with hybrid propulsion systems and digitally integrated onboard control platforms, while Ferretti Group leverages its multi-brand portfolio to enhance eco-friendly solutions and smart yacht automation across private and charter fleets. Lurssen Yachts focuses on ultra-luxury custom builds with cutting-edge security features, sustainable powertrains, and long-range expedition capabilities.
   
• Feadship and Heesen Yachts emphasize bespoke craftsmanship and fuel-efficient hull designs, integrating intelligent energy management and noise reduction technologies to meet growing demand for sustainable and high-performance yachts in Northern and Western Europe.
   
• Sunseeker International and Princess Yachts strengthen their market presence by delivering technologically advanced sport and flybridge yachts with enhanced connectivity, immersive entertainment systems, and remote diagnostics tailored to modern luxury lifestyles.
   
• Collectively, these players prioritize innovation, regulatory compliance, and collaboration with European maritime authorities and technology partners to address shifting consumer demands for sustainability, automation, and personalized yachting experiences.
   
• Their focused investments in R&D, smart marine infrastructure, and digital ecosystems aim to empower owners and operators with next-generation luxury vessels that combine performance, comfort, and environmental responsibility adapted to Europe’s unique yachting culture and future market trends.
   

Europe Luxury Yacht Industry News

• In November 2024, Azimut Benetti Group partnered with the Italian Naval Academy to launch a specialized marine innovation certification program focusing on hybrid propulsion systems and advanced onboard automation technologies. The initiative aims to upskill naval engineers and yacht builders across Southern and Western Europe in sustainable yacht design and smart vessel management.
   
• In October 2024, Ferretti Group expanded its Ferretti Academy by introducing training modules on digital yacht control platforms, energy-efficient systems, and over-the-air (OTA) software updates. These certifications help service providers and fleet operators across the Mediterranean align maintenance skills with evolving European environmental regulations and connectivity standards.
   
• In July 2024, Lurssen Yachts deepened collaboration with Siemens Marine to integrate AI-powered predictive maintenance and cybersecurity features into its custom megayachts. Concurrently, Lurssen launched an enterprise training program for its shipyard engineers and key subcontractors, focusing on digital twin technologies and smart port integration.
   
• In June 2024, Feadship introduced its Sustainable Yachting Professional Program, offering hands-on workshops and case studies designed for technicians and crew members. The program supports Northern European adoption of low-emission propulsion, energy management systems, and intelligent navigation aids.
   
• In February 2024, Heesen Yachts partnered with Delft University of Technology to develop customized training courses for marine engineers and naval architects, covering hybrid powertrains, hull optimization, and compliance with the EU’s latest environmental directives for luxury vessels.
   
• In January 2024, Sunseeker International launched a blended learning initiative combining virtual reality simulations, instructor-led sessions, and real-time diagnostics training. Designed for UK-based service centers and warranty partners, the program focuses on smart onboard systems, remote monitoring, and digital entertainment technologies to enhance customer experiences.
   

The Europe luxury yacht market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn), and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Yacht

• Motor yacht
• Sailing yacht
• Expedition/explorer yacht

Market, By Size

• Up to 50 meters
• 50 to 100 meters
• Above 100 meters

Market, By Material

• Fiberglass/Composite
• Metal/ alloys
• Carbon fiber
• Others

Market, By Propulsion

• Diesel
• Hybrid
• Fully electric

Market, By Application

• Private
• Commercial

The above information is provided for the following regions and countries:

• Western Europe
  • Germany
  • Austria
  • France
  • Switzerland
  • Belgium
  • Luxembourg
  • Netherlands
  • Portugal
• Eastern Europe
  • Poland
  • Romania
  • Czechia
  • Slovenia
  • Hungary
  • Bulgaria
  • Slovakia
  • Croatia
• Northern Europe
  • UK
  • Denmark
  • Sweden
  • Finland
  • Norway
• Southern Europe
  • Italy
  • Spain
  • Greece
  • Bosnia and Herzegovina
  • Albania