Luxury Yacht Market in Europe 2015-2019

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Luxury Yacht Market in Europe 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “Several factors, including high tourism and recreational events, drive the growth of the luxury yacht market in Europe. Tourism, a major economic activity in Europe, has a significant impact on economic growth, employment, and social development. The natural landscape of many European countries such as Greece, Spain, and France also attracts tourists worldwide, especially the wealthy segment of the population as it is home for one of the largest luxury retail industries in the world.”

• Yachts with length greater than 24 feet are known as luxury, super, mega, or large yachts. They are segmented based on size and propulsion and are mainly used for recreational purposes. They include modern convenience features such as ACs, TV, navigation aids, radar, echo-sounding, autopilot, and reliable power generating systems.

• Technavio's analysts forecast the luxury yacht market in Europe to decline at a CAGR of 3.45% over 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Luxury Yacht Market in Europe 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our report:

Luxury Yacht Market in Europe 2015-2019

Amels

Azimut Benetti

Feadship

Amels was founded in 1982 and is headquartered in Vlissingen, Netherlands. It designs and builds yachts. It operates as a subsidiary of the Damen Shipyards Group. It offers products and services to private, civilian, and military usage purposes.

Azimut Benetti was established in 1969 and is headquartered in Viareggio, Italy. The company designs, constructs, and sells yachts. It operates six shipyards and produces over 40 models. It has 70 dealers, with 138 offices in 68 countries.

Feadship was founded in 1849 and is headquartered in Haarlem, the Netherlands. It provides custom superyachts and operates as a subsidiary of LVMH. The company has launched more than 425 superyachts.

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Market Landscape

• As the European market is witnessing a slowdown because of postponed purchases and declining economic situations, local yacht makers are shifting their focus to new emerging markets such as China and Latin America.

• European yacht manufacturers are modifying their product portfolio as per local market demands in order to increase the adoption rate of yachts in these market.

• UK-based luxury yacht maker Princess Yachts is focusing extensively on emerging markets such as China and Latin America.

• It has updated its product portfolio with a new range of elegant fly-bridge boats and a new range of sporty yachts.

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Key Market Highlights • Many yacht makers are investing in various technologies to enhance the

manufacturing process to build fuel efficient and advanced boats.

• Technological advancements in the field of atmosphere sensor technology include equipment for detecting carbon monoxide, wireless technology for boat-based Internet service, e-mail communication and navigation, and off-boat tracking, monitoring, and control.

• Yacht makers are also investing in new radical designs to improve safety and durability.

• For instance, Seaboaters, a custom yacht designing and manufacturing company, has introduced advanced carbon nanotube technologies that enable yacht makers to control the thickness and concentration of fiber.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Luxury Yacht Market in Europe 2015-2019

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