According to IMARC Group, the global luxury yacht market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
The report has segmented the market by type (sailing luxury yacht, motorized luxury yacht, and others), size (75-120 feet, 121-250 feet, above 250 feet), material (frp/ composites, metal/ alloys, and others), application (commercial, private), and region.
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