IMARC Group's report titled "Asia Pacific Luxury Yacht Market Report 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 Country 2024-2032". The Asia Pacific luxury yacht market size reached US$ 1,652.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,458.7 Million by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
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Asia Pacific Luxury Yacht Market Trends:
The growing affluent population of the region, along with the rising need for luxurious lifestyle, are contributing to the expansion of the Asia Pacific luxury yacht market. Additionally, considering yacht as symbol of status among high-net-worth and ultra-high-net-worth individuals in countries, such as China, Japan, India, and Australia, which is fueling the market. In line with this, the growing trend of yachting and sailing, as a reason for entertainment, is further stimulating the market. Furthermore, the region is attracting both domestic and international travelers, as it consists of beautiful costal landscape, which is further contributing to the expansion of the market.
In addition to this, the adoption of personalized and eco-friendly features in the yacht is one of the emerging trends in the Asia Pacific luxury yacht market. Moreover, the yacht investors are inkling to give a personalized touch to their yacht with unique features and comfort, thereby bolstering the market. Apart from this, with the population becoming more conscious about environmental sustainability, they are adopting eco-friendly options, and greener technologies, which is creating a positive outlook for the market. Besides this, the integration of smart technologies for convenience, as well as entertainment, such as navigation, communication, entertainment, etc., is anticipated to drive the Asia Pacific luxury yacht market over the forecasted period.
Asia Pacific Luxury Yacht Market Report Segmentation:
Breakup by Type:
- Sailing Luxury Yacht
- Motorized Luxury Yacht
- Others
Breakup by Size:
- 75-120 Feet
- 121-250 Feet
- Above 250 Feet
Breakup by Material:
- FRP/ Composites
- Metal/ Alloys
- Others
Breakup by Application:
- Commercial
- Private
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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