Luxury Yacht Market- Global Size, Share & Industry Analysis 2032

The Luxury Yacht market estimated at USD 9.09 Billion in the year 2023, is projected to reach a revised size of USD 18.35 Billion by 2032, growing at a CAGR of 8.12% over the analysis period 2024-2032.

A yacht is any type of sea vessel that is mostly utilized for recreational or pleasure purposes like entertaining, cruising, fishing, water sports, or year-round accommodations. Yachts are large enough and have sleeping quarters on board for overnight trips, a kitchen, and a bathroom. Luxury yachts are commonly associated with luxury and opulence, and a symbol of a lavish lifestyle.