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Global Luxury Yacht Market 2018-2022 | Evolving Opportunities with Amels and Azimut Benetti | Technavio

November 25, 2019
Global Luxury Yacht Market 2018-2022 | Evolving Opportunities with Amels and Azimut Benetti | Technavio
Global Luxury Yacht Market 2018-2022 | Evolving Opportunities with Amels and Azimut Benetti | Technavio

LONDON--(BUSINESS WIRE)--Nov 25, 2019--

Technavio has been monitoring the global luxury yacht market since 2015 and the market is poised to grow by 259 units during 2018-2022, progressing at a CAGR of nearly 12% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled global luxury yacht market 2018-2022. (Graphic: Business Wire)

Read the 86-page report with TOC on “Luxury Yacht Market Analysis Report by Propulsion (Motor yachts and Sail yachts), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2018-2022”.

The market is driven by the increase in recreational tourism. In addition, the use of advanced materials is anticipated to further boost the growth of the luxury yacht market.

Many European countries are encouraging tourism by enabling duty-free shopping on luxury goods. In addition, the natural landscape of countries such as Greece, Spain, France, and Italy attracts a significant number of international tourists every year, especially from the affluent segment of the population. These countries are also the most preferred destinations for business events and meetings, during which luxury yachts are leased. Therefore, the increase in recreational tourism is expected to positively influence the growth of the global luxury yacht market.

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Major Five Luxury Yacht Companies:

Amels

Amels provides limited edition yachts, custom-made facilities, and refit services for design engineering, interior, exterior, and paintwork. The company offers a wide range of luxury yachts. YS 5009, YS 6911, and YS 9016 are some of the key offerings of the company.

Azimut Benetti

Azimut Benetti has a group of facilities where it builds yachts and mega yachts. It also provides services for refit and repair under its service division. Under the brand name Benetti, the company offers semi-displacement and displacement mega yachts.

Feadship

Feadship designs, builds, and provides yacht charter services . It also offers refitting services and provides after-sales service for the yachts sold by the company. The company offers a wide range of luxury yachts that include Lonian, Project 1007, Sherpa, Valoria.

ISA Yachts

ISA Yachts offers a wide range of products through its projects such as GRANDTURISMO, Classic, and SPORT. M/Y OKTO, M/Y KOLAHA, and M/Y MARY-JEAN II are some of the key offerings of the company.

OVERMARINE GROUP

OVERMARINE GROUP operates the business across product ranges such as Long range yachts, Fast displacement yachts, and Maxi open yachts. The company offers a range of luxury yachts such as long range, fast displacement, and maxi open yachts.

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Luxury Yacht Propulsion Outlook (Units, 2018 – 2022)

Luxury Yacht Regional Outlook (Units, 2018 – 2022)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Industrial Include:

Global Leisure Boat Market – Global leisure boat market by product (leisure boat accessories, leisure boat motors, and leisure boat building) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005420/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: LUXURY RETAIL

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/25/2019 08:00 AM/DISC: 11/25/2019 08:01 AM

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