Yacht Market Size - By Type, By Length, By Propulsion, Growth Forecast, 2025 - 2034

Yacht Market Size

The global yacht market was valued at USD 12.4 billion in 2024. The market is expected to grow from USD 13 billion in 2025 to USD 22.7 billion in 2034, at a CAGR of 6.4%, according to latest report published by Global Market Insights Inc.
 

• The worldwide growth in high-net-worth individuals translates into increased demand for luxury yachts that are symbols of prestige and exclusivity. Wealth accumulation in emerging economies encourages discretionary spending on consumer-based leisure assets. As the luxury market grows, it boosts firm-level sales and investments installed in yachts, custom and superyachts, which will create consistent growth across yacht markets globally.
   
• Emerging technologies such as hybrid propulsion methods, innovative navigation systems, and smart automated systems support yacht company performance and sustainability. Buyers are increasingly interested in personalization and use of designs/media that display their lifestyle and environmental interest.
   
• Baglietto’s DOM 133 L'INSTANT (40.6m) launched on January 27, 2025, is the first hybrid in its series. It is powered by two Caterpillar C32 ACERT engines and includes a compact hybrid unit so guests can enjoy a quieter and cleaner cruising experience. Considerable features on DOM 133 include a VIP cabin, outdoor gym, multipurpose bar, windows with automatic shielding system, and interiors, included bespoke furniture, fabrics made from recycled ocean plastics and all made in Italy.
   
• Growing enthusiasm for recreational boating and water sports, particularly following the pandemic, has prompted a surge in demand for yachts. Consumers want authentic experiences, outdoor endeavors, and privacy, which yachts provide. This demand is also appealing to manufacturers to create models that are affordable, versatile and user-friendly.
   
• The yacht industry is moving quickly in the direction of alternative operations, emission reductions, and sustainability. A wide variety of innovative technologies that encourage sustainability like hybrid and electric propulsion, solar panels, eco-friendly hulls, among others to try to eliminate their impact.
   
• Due to the growing number of government regulations over greenhouse gases and electric motors and the growing popularity of green luxurious lifestyles among purchasers, manufacturers are embarking into the future and including eco-friendly materials into future models as well as rendering green certifications to vendors. The industry's increasing focus on sustainability is influencing the future of yacht design and ownership.
   
• Super yacht is projected to grow at 10.4% CAGR during 2025 to 2034. The market is continuously expanding for demand for privacy, bespoke design, and unique experiences while traveling, as well as the more popularization of the lifestyle surrounding luxury yacht chartering.
   
• In 2024, North America accounted for a major share of the market at approximately 37.3% within the yacht market. Many high-net-worth individuals, a strong boating culture, and vast coastal access provide North America with a significant position within the market, luxury lifestyle trends, and a robust yacht charter market that contributes to the consistent demand for yachts and superyachts.
   

Yacht Market Trends

• People are increasingly developing interest in yachts that are better for the environment. Boat builders are developing hybrid engines, using solar power, and utilizing sustainable materials to create yachts with a smaller carbon footprint. Environmentally conscious clients want yachts that create less environmental impact, without sacrificing luxury or performance.
   
• Yachts are being developed with IoT, automation, and superior navigational systems that could make them smart vessels. Yacht owners can centrally monitor yacht activities, improve security, and control onboard systems from their smartphones or tablets. The development of smart vessels is a trend that can improve safety and convenience and create a user experience that appeals especially to tech-savvy clients with a need for comfort and innovation.
   
• Yacht chartering and fractional yacht ownership are becoming more popular as more affordable options to fully yacht ownership. The developments present personalized possibilities of yachting to more individuals that come at a reduced maintenance cost. This movement is widening the scope of access to more or a greater share of the market and also to young affluent consumers.
   
• Emerging economies in Asia-Pacific, Middle East and South America are driving the expansion of the yacht market. The increase of wealth, changing lifestyles, and growth of coastal infrastructure in these areas is generating new demand centers. Yacht builders and charter providers have specific strategies to enter and develop these markets, which are all having a positive impact on building and consolidating the global yacht industry.
   
• A major event in the yacht sector occurred in July 2025, when the 75.8-meter Feadship superyacht that was originally called One, and is now known as Les Cinq, was sold for USD 186.7 million. This contributed to the increase in yacht brokerage and the total sales were USD 1,003.8 million for yachts 24 meters and above in May 2025.
   

Yacht Market Analysis

Based on Type, the yacht market is divided into Flybridge Yacht, Sport Yacht, Super Yachts, and Others. The super yacht segment dominated the yacht market accounting for around 37.1% in 2024 and is expected to grow at a CAGR of over 7% through 2034.
 

• More flybridge yachts today are appearing with advanced smart technology that enables seamless navigation and entertainment. We also see more demand for eco-friendly materials and hybrid propulsion systems, combining luxury and environmentally sustainable practices to mitigate environmental impact without sacrificing comfort or aesthetics.
   
• Sport yachts are trending toward sleeker, aerodynamic appearances associated with faster speeds and enhanced responsiveness. There is a burgeoning market for customization too, owners prefer individualized interiors filled with high-tech gadgets to elevate onboard comfort for the fast-paced tempo of recreational cruising.
   
• Super yachts are increasingly incorporating wellness amenities such as spas, gyms, and underwater lounges. The incorporation of autonomous systems is also a growing trend, making it easier to operate with a smaller crew and enhancing safety, whilst still providing an opportunity for luxury and privacy for owners and guests.
   
• In May 2025, Feadship introduced the first ever superyacht that runs on hydrogen fuel-cells, the Breakthrough which is a luxury-green technology boat with the benefits of being able to cruise emission-free, on green hydrogen, within a limited radius. Superyacht can even work off long distances with the use of methanol as its source of fuel. The ship also has a luxurious amenity such as an infinity swimming pool and underwater lounge.
   

Based on length, the yacht market is fragmented into Below 24 meter, 24 - 45 meter and above 45 meter. The 24 - 45 meter segment dominates the market with 64.04% share in 2024, and the segment is expected to grow at a CAGR of over 6.3% from 2025 to 2034.
 

• Below 24 meter yachts are on the rise! Owners enjoy the ease of handling and operating costs of the below 24 meter yachts. Innovative space-saving and multifunctional design is on the rise. Electric and Hybrid propulsion methods for below 24 Meter yachts glide into the marketplace, as when buyers perceive stylish environmentally friendly, they are unable to resist the temptation to buy a yacht.
   
• 24 - 45 meter yachts continue to bring on smart integration for navigation and entertainment. Fully customized yachts offering the best features of luxury will always be a trend! Performance plus comfort remains the trend for 24 - 45 meter yachts.
   
• Above 45 meters, holders want are putting all of the luxurious amenities for well-being onboard - spas, gyms, and cinemas. Yachts above 45 meters are always first to incorporate green technologies like hydrogen fuel cells and renewable energy options like solar. The continued interest in yachts built for remote cruising keeps the wheels turning with fuel storage and autonomous navigation systems for safer long-distance sailing.
   
• Lürssen is going ahead with its 110-metre Cosmos project, using hydrogen fuel cell technology for more sustainable propulsion. Likewise, the Dutch yard Vitters is finishing its 69-metre ketch Project Zero, which will be completely powered by a blend of solar cells, heat recovery, batteries, and wind - without a single combustion engine.
   

Based on propulsion, the yacht market is segmented into motor, sail and hybrid/electric. The motor segment dominates as they are more flexible in their cruising ability at varying conditions and in their ability to move their locations at a faster rate which makes them very perfect to add luxury, performance, and convenience.
 

• Motorboats remain the most favored means of ocean travel, due to high levels of speed and handling capabilities. Recent product developments include hybrid propulsion systems to minimize consumption and emissions while maximizing speed. Additional developments such as real-time engine monitoring and automated control systems have increased onboard efficiency, safety and general convenience.
   
• Sailboats have transitioned to new materials and rigging technology to improve performance, especially speed and operation. There are more uses of electric-assisted sails and energy recovery systems, and owners are excited to sail quieter and greener while still using all traditions of sport and enjoyment of sailing.
   
• The hybrid and fully electric yacht markets are quickly emerging as sustainable luxury travel options. Development in battery technology allows for longer periods of cruising without emissions, and solar panels and regenerative energy systems round out their power. Owners come for low impact on the environment, as well as smooth, quiet operation of the vessel.
   
• In April 2025, Poland's Sialia Yachts launched the Sialia 45, a stylish electric leisure cruiser powered by twin 300 kW motors, a 500 kWh battery (which can be upgraded to 700 kWh), and a biodiesel range extender that extends maximum range to 164 nm. It will charge to 10–90% in three hours and features a lightweight carbon-fiber hull.
   

US dominated the yacht market in North America with around 37.3% share in 2024 and generated USD 4.61 billion in revenue. Leading U.S. yacht builders (e.g., Viking Yachts, Westport, Hatteras) supply both domestic and global demand, reinforcing the U.S. as a production powerhouse.
 

• The North American yacht market is changing with sustainability, digitalization, and lifestyle-driven ownership. Hybrid/electric propulsion, solar integration, and lightweight composites are being adopted. Buyers are also demanding smart-yacht technology, new navigation and control systems, and eco-friendly interiors.
   
• The U.S. is word's most significant yacht market in North America, energized by a built wealthier customer base for yacht ownership and a strong coastal boating and yachting infrastructure. The trends for the North American yacht market are aligned with sustainability and wellness which includes, electric and hybrid propulsion, solar assisted propulsion, and AI powered on-board services to positively impact the customer boat and wellness experience. Younger generation high-net-worth buyers are looking for customized interiors, seamless digital connection, and chartering boats before purchasing them.
   
• Canada has a smaller yacht market, but it is growing steadily. Canada's unique waterways to explore gives its yacht buyers access to both coastal and inland waters for outdoor lifestyle enjoyment. Buyers are leaning towards sportier yachts that require less maintenance and are more versatile for boating use.
   
• Hybrid propulsion systems and winterization product solutions have become popular with buyers to extend the boating seasons. New interest in eco-friendly materials and finishes, quieter engines for operations, and compact luxurious designs show a noticeable shift across buyers for more environmentally friendly yacht and boating solutions that better support their practical use of boating experiences.
   
• The superyachts are in the form of mega-yachts, at 500-feet in length, and over USD 500 million, and will employ crews of up to 100, with onboard amenities that few can claim, such as, onboard spas, drone experts, specialty chefs, and onboard Botox injectors. Nevertheless, this level of luxury has raised ethical concerns about luxury and conspicuous consumption. A vessel like the REV OCEAN, set to launch in 2027, is a representation of the excess of luxury and the escape escapism that calls to owners.
   

The yacht market in the UK is expected to experience significant and promising growth from 2025 to 2034 at a CAGR of 7.8%.
 

• Europe is experiencing rapid yacht market growth, attributed to a number of factors, such as well-developed shipbuilding tradition, high density of ultra-high net worth individuals, and a growing pool of regulations enforced on eco-friendly measures. Technology breaking through with electric or hybrid propulsion and hydrogen studies and luxury-wellness concepts are pushing demand in the continent.
   
• The Côte d’Azur in France remains the largest global yachting hub and Cannes and Marseille anchor demand. French buyers and charterers like sleek motor yachts and explorers suited to adventure. Leaders such as Groupe Beneteau and Couach are pushing a sustainability agenda and hybrid propulsion.
   
• Spain’s accessibility to the Balearic Islands and Barcelona establish the country as an attractive yachting destination. Demand remains heavily weighted towards luxury in charter segments and mid-sized motor yachts. Multiple stages of regulation are encouraging more investment in greener marinas and electric propulsion project adoption. Spanish yard builders are pivoting, growing production in niche, while investments in charter fleets are growing rapidly due to an increase in tourism and improved digital booking platforms.
   
• Germany and the Netherlands dominate ultra-luxury custom superyachts and sustainability best practices. Both countries are world leaders in hybrid propulsion and hydrogen fuel cell integration, as well as more general engineering approaches.
   
• The Electric & Hybrid Marine Expo Europe (Amsterdam, June 2025) welcomed German manufacturer Torqeedo to showcase several significant developments: the new Deep Blue 200i electric inboard engine (200 kW), the 360° rotating Deep Blue 100 azimuth thruster, and a digital fleet-management platform. The integrated solutions include CCS2 fast charging and fleet tracking software that help commercial and professional operators manage efficiency, downtime, and digitization in operations.
   

The yacht market in China is expected to experience significant and promising growth from 2025 to 2034.

• In 2024, the Asia-Pacific region hosted 530 active superyachts over 30 m, up 19% from 445 in 2023. With 538 new builds and 691 currently under construction, shipyards are showing strong confidence in the market. Completions in 2024 reached high with 228 yachts delivered to owners and a further 316 to be handed over to their owners in 2025, demonstrating buoyancy and strength in both the growth and momentum of the market.
   
• China is also experiencing a growth in yacht market. Estimates suggest total yacht ownership will grow from 38,100 to 163,510 between 2020 and 2025. Various elements are driving the yacht ownership and charter market, including regulatory easing (lower import taxes, relaxed registration, and extensive movement of owned or charter-owned yachts).
   
• Various governments in multiple ASEAN states are investing heavily in marina infrastructure. Thailand is going to expand its marinas specifically in Phuket, Krabi, and Pattaya. Singapore's ONE°15 Marina is gaining world-wide acclaim.
   
• Vietnam is going forward with plans to position superyacht tourism as a mandatory economic sector by 2030. These regulatory and infrastructure advances support ownership and chartering of yachts but also have general support for the wider marine tourism market.
   

The yacht market in UAE is expected to experience significant and promising growth from 2025 to 2034 and held a share of 48.5% in 2024.
 

• Yacht builders in the MEA region are increasingly adopting solar energy for example, photovoltaic systems integrated into composites, to achieve power for the yacht. Yachts such as ALVA's ECO 60 Explorer and Zaha Hadid's Oneiric have embraced the region's favorable sunny climate and pursuit of sustainable solutions.
   
• This includes the eco-exploration models that improve the design, aesthetics, and operation of yachts. At the Dubai International Boat Show in February 2025, yacht builders Oceanco and Vripack unveiled the 330-ft superyacht Lily, the first fully hybrid yacht powered by green methanol, with features such as a virtual navigation bridge, a helicopter pad on deck, an outdoor pool, and a dedicated owner's suite with a lily-pond theme. The unveiling of Lily demonstrates MEA's advance toward mega yachts with eco-luxury, innovative designs, aesthetics, and electric-power systems.
   
• The UAE appears to be the most developed yachting market in MEA and has many luxury and ultra-luxury yachts utilizing marinas like Dubai Marina, Yas Marina (Abu Dhabi), or Mina Rashid in Dubai, often calling them luxury destinations. There is global awareness and interest for events such as the Dubai International Boat Show. Owners can take advantage of relaxed restrictions on yacht ownership and registration, as the UAE has a higher number of mega-infrastructure projects aimed at upgrading luxury and environmentally friendly yachts, revitalizing entertainment projects, and developing new marina projects to meet the sustainability objectives.
   

The yacht market in Brazil is expected to experience significant and promising growth from 2025 to 2034.
 

• Latin America is increasing at a CAGR of 4.8% from 2025 to 2034. Countries in the region are improving port facilities, relaxing yacht registration, and supporting domestic yacht production.
   
• The region is experiencing an increase in the number of high-net-worth individuals (HNWI) in the region, especially in Brazil, Mexico, and Chile is increasing, and it will generate the need to have luxury yachts on a personal and charter basis.
   
• Investment in marina development is increasing and will help enhance its profile as a yachting destination. Countries are concentrating efforts on new marina investment and upgrading/improving facilities to accommodate this as well as international tourists travelling by yacht.
   
• The yacht market is growing largely due to Brazil's lengthy coastline and expanding luxury tourism, plus higher numbers of HNWIs requesting both private yacht and charter services. The yacht charter sector is progressing rapidly with the success of local beaches like Rio de Janeiro, Florianópolis, and Bahia.
   

Yacht Market Share

• The top 7 companies in the yacht industry are Feadship, Ferretti Group, Fincantieri, Group Beneteau, Lürssen, and Princess Yachts contributing around 31.5% of the market in 2024.
   
• Feadship manufactures superyachts that are highly customized and highly personalized. Feadship's dedication to custom design and craftsmanship highlights innovation for each yacht designed by Feadship. Feadship, a Dutch company, builds and designs yachts that have larger deck space, luxurious living space, vessel propulsion, and technology designs that support navigation and sustainability characteristics. Each yacht is custom designed fully fitting the owner's preference and style while maintaining a level of equality in comfort, performance, and aesthetics.
   
• Ferretti Group manufactures luxury yachts with specialized brands specializing in flybridge yachts, yachts, and more. Ferretti Group vessels have elegant Italian built-in interiors, features spacious visual appeal of living spaces, proprietary hull technology to enhance the quality of the boat's performance, navigation technology that is robust and seamless, and specific models develop around comfort, style, and marine technology options.
   
• Fincantieri produces a full line of yachts and mega yachts utilizing Italian design, naval engineering, and construction elements and capabilities. Fincantieri vessels have modern style and innovative living areas on the interior and exterior relaxing multifunctional or scenery deck space, environmentally sustainable propulsion systems or vibes effectively recognized with environmental sensitive propulsion, stabilization systems, and integrated electronic capabilities using smart home technology creating highly personalized yachts that help maintain the motives of the purchasers or owners.
   

Yacht Market Companies

Major players operating in the yacht industry are:

• Abeking & Rasmussen
• Amels / Damen Yachting
• Benetti
• Feadship
• Ferretti Group
• Fincantieri
• Group Beneteau
• Lürssen
• Malibu Boats
• Princess Yachts
   
• Feadship is a premier shipbuilding company based in the Netherlands and a renowned builder of custom-built superyachts. Its focus on bespoke design, craftsmanship, and innovation appeals to ultra-high-net-worth clients. Feadship yachts are recognized for luxury, performance, and technological sophistication which makes the brand the benchmark in the superyacht segment.
   
• Ferretti Group, based in Italy, owns several premium yacht brands and the wide variety of yachts which they produce, from flybridge to sport yachts. Ferretti combines Italian design, luxury interiors, and marine technology create strong interest given their products in private and charter markets, resulting in a strong level of international visibility and market penetration.
   
• Fincantieri is a dominant Italian shipbuilder, also building mega-yachts, and cruise ships, but also some naval vessels. The reputation of Fincantieri as a top yard can clearly be seen in its engineering excellence, eco-friendly propulsion, and use of smart technology thereby creating trust among private owners and charter operators looking for large technologically advanced yachts.
   
• Groupe Beneteau is a French company producing all kinds of yachts, from smaller sailboats up to motor yachts. Its focus concentrates on the mass-market, accessibility plus innovation provide for the brand to leverage recreational, sport, and luxury segments. Its worldwide distribution adds brand awareness increases the company's leadership.
   

Yacht Industry News

• Ferretti Group leads innovation in September 2024 with the launch of the Riva 70Metri, the largest flagship yacht in 180 years of Riva. The combination of technology, style, and comfort provides a phenomenal platform for sustainability in yacht building.
   
• In July 2024, Fincantieri made a significant agreement with Carnival Corporation for designing, engineering, and building three new cruise ships for the Carnival Cruise Line brand. This agreement is a strong endorsement of Fincantieri's constructor capabilities in large projects.
   
• In August 2023, Lürssen launched the 114m Project Cosmos, a superyacht with fuel-cell technology making it a remarkable evolution in sustainable yacht design, and delivered their largest confirmed delivery of the year according to their engineering records with the 134m Deep Blue.
   
• In July 2024, Malibu Boats launched their new models of the 23 LSV and 23 MXZ with updated colors, innovations, and creature comforts to offer the best experience in a boat all while enhancing their diversity and offerings with the anticipated 22 MXZ and 24 MXZ for 2025 in the towboat market.
   

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

Market, By Type

• Flybridge Yacht
• Sport Yacht
• Super Yachts
• Others (Long Range, Cruisers, Expedition Yachts)

Market, By Length

• Below 24 meter
• 24 - 45 meter
• Above 45 meter

Market, By Propulsion

• Motor
• Sail
• Hybrid/electric

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

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE