Global superyachts market set for 7pc growth

July 2017

The global market for superyachts is projected to display a robust growth represented by a compound annual growth rate (CAGR) of 7.26 per cent during 2017 – 2022, chiefly driven by rising number of ultra-wealthy clientele, according to a report.

Among the vessels, motor currently dominates the global superyachts market but the long ranger expedition vessels are anticipated to witness maximum growth in forecasted period, stated Saudi Gazette, citing Global Superyachts Market data. Among the regions, Asia Pacific (Apac) is predicted to advance at the highest rate, mainly driven by increase in ultra-high and high net worth population in the region, said the report.

Over the recent years, the global superyachts industry has been growing rapidly as the ultra-high and high-net-worth-individual population is increasing, it added.

Globally, the growth in the luxury yachts market is driven by rising trend of maritime tourism and recreational activities, reported Saudi Gazette.

The study has covered and analysed the potential of global superyachts market and provides statistics and information on market size, shares and growth factors, and intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.

It also identified the emerging trends along with major drivers, challenges and opportunities in the global superyacht market.

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