Luxury Yacht Market Surges: 2026-2031 Growth Forecast Revealed

Dublin, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The "Luxury Yacht - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering. The luxury yacht market is on an impressive growth trajectory, with its value projected to rise from USD 10.12 billion in 2025 to USD 10.76 billion in 2026. By 2031, it is expected to reach USD 14.61 billion, driven by a CAGR of 6.31%. This growth is fueled by the increasing number of ultra-high-net-worth individuals (UHNWIs), innovations in propulsion systems, and a cultural shift toward experiential assets. Hybrid and electric systems are gaining traction as yacht builders aim to comply with future IMO greenhouse-gas regulations. Expedition-style yachts are expanding cruising grounds beyond the Mediterranean. Market consolidation among builders and marina operators is intensifying, with private-equity funds investing in infrastructure to secure berth availability. Additionally, tariffs on European, Chinese, and Taiwanese vessels offer a temporary pricing edge for U.S. yards. Yacht-Tourism Boom Yacht tourism is set to account for 26% of the marine economy by 2030. Yacht tourists significantly impact local economies, spending about USD 287 daily, nearly double the expenditure of typical tourists. This sector benefits from post-pandemic travel preferences for private and controlled environments. Charter companies are investing in larger, more luxurious vessels to capitalize on premium spending, with yacht sailing programs highly valued by tourists. The development of infrastructure in emerging cruising destinations is driven by tourist preferences for accessible and safe locations. Emergence of UHNWIs in New Markets The ultra-wealthy population, projected to surpass 587,000 individuals by 2028, is primarily growing in emerging markets. Centers such as Vietnam, India, and Mauritius are experiencing substantial growth, with a focus on yachts as passion investments offering status, privacy, and lifestyle benefits. Sustainable investments are increasingly favored by younger UHNWIs, creating demand for hybrid and electric yachts. This demographic is driving wealth mobility and investment decisions toward environmentally friendly vessels. Ownership and Maintenance Challenges Rising operational expenses are impacting yacht ownership economics. Princess Yachts reported a GBP 61 million loss in 2022 amid rising costs and global market challenges. Marina costs continue to increase, with premium facilities commanding higher rates. Financing costs are also rising due to interest rate hikes and increased insurance premiums. To mitigate these challenges, owners are moving toward fractional ownership and charter arrangements. Other Influential Factors: High demand for expedition/explorer yachts. Shift towards hybrid and electric propulsion. Supply-chain bottlenecks for specialized components. Segment Analysis In 2025, motor yachts dominated the market with a 66.68% share, reflecting consumer preferences for spacious layouts and extended range capabilities. Hybrid/electric yachts are the fastest-growing segment, with a 10.09% CAGR through 2031. Yachts sized 20 to 40 meters lead the market with a 43.62% share in 2025, while vessels over 80 meters are expected to see the highest growth rate at 11.74% CAGR. The electrification trend is accelerating as manufacturers integrate hybrid systems offering benefits like reduced noise and improved fuel efficiency. The Ferretti Group recently unveiled the Riva El-Iseo, a full-electric model emphasizing traditional design with modern electric technology. Geographic Insights Europe, leading in 2025 with 42.62% of the luxury yacht market, benefits from robust shipbuilding in Italy, the Netherlands, and Germany. Meanwhile, Asia-Pacific is the fastest-growing region, driven by marina expansions and increasing Chinese registrations. Despite bureaucratic hurdles, initiatives to modernize coastlines are underway, particularly in India. North America's mature market remains robust, supported by significant marina infrastructure investments, though rising crew wages prompt a shift toward less labor-intensive yachts. Key Topics Covered: 1 Introduction 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 Research Methodology 3 Executive Summary 4 Market Landscape 4.1 Market Overview 4.2 Market Drivers 4.3 Market Restraints 4.4 Value / Supply-Chain Analysis 4.5 Technological Outlook 4.6 Regulatory Landscape 4.7 Porter's Five Forces 5 Market Size and Growth Forecasts 5.1 By Type 5.2 By Size 5.3 By Hull Material 5.4 By Propulsion System 5.5 By End-User 5.6 By Geography 6 Competitive Landscape 6.1 Market Concentration 6.2 Strategic Moves 6.3 Market Share Analysis 6.4 Company Profiles 7 Market Opportunities and Future Outlook 7.1 White-space and Unmet-Need Assessment A selection of companies mentioned in this report includes, but is not limited to: Azimut-Benetti Group Lurssen Werft Feadship Ferretti Group Sanlorenzo Heesen Yachts Oceanco Fincantieri Yachts Nobiskrug Sunseeker International Royal Huisman Damen Yachting Palumbo Superyachts Gulf Craft Princess Yachts Sunreef Yachts Westport Yachts Trinity Yachts Baglietto Baltic Yachts For more information about this report visit https://www.researchandmarkets.com/r/rcpffd About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.