Yacht Market Size

Yacht Market registered a profitable valuation of USD 12.9 billion in 2024 and is poised to reach USD 33.1 billion in 2037, expanding at a profitable CAGR of 7.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of yacht is estimated at USD 13.8 billion. The growth of the market is attributed to increasing investments in luxury marine tourism prompting greater demand for yachts. Motor yachts lead to a surge in demand owing to the versatility of diverse marine activities. Additionally, increasing disposable incomes among individuals with high net worth benefits the market’s growth by boosting demand for luxury yachts. For instance, in May 2024, a hydrogen-powered superyacht manufactured by RWD was launched and was up for sale at an estimated price of USD 647 million.

The yacht market is poised for robust growth owing to rising acquisitions by private and corporate buyers seeking to diversify their portfolios by adding unique and high-status assets. Advancements in yachts are positioned to usher new revenue streams in the market. Manufacturers are developing electric and hybrid yachts that lower carbon emissions and appeal to environmentally conscious customers. Additionally, the surge in social media travel influencer trends benefits the growth of the yacht market, by positioning yachts as key features of luxury travel. With the global tourism industry regaining its profit surge after the COVID-19 pandemic, the demand for luxury yachts by tourists is poised to boom.

The pandemic shifted global perceptions of remote work leading to the rise in the digital nomad lifestyle. The trends have opened new opportunities for yacht operators to position yachts as retreats in vacation rental. For instance, there over 40 million digital nomads globally in 2024, leading to favorable opportunities for the growth of the yacht sector. Corporations and individuals with high net worth are continuously investing in yachts and superyachts with advanced communication facilities, luxury office spaces, and amenities that support extended stays. These trends are poised to create a steady demand for multi-purpose yachts. With the next decade promising to usher new advancements in yachts with integrated smart systems, the global yacht market is positioned to continue its profitable growth by the end of the forecast period.