The Luxury Yacht market is anticipated to expand at a CAGR of over XX % during the forecast period (2019-2026).Although the increase in recreational tourism will offer immense growth opportunities, the high cost of operations will challenge the expansion of the market participants. To form the most of the opportunities, market vendors should focus more on the expansion prospects within the fast-growing segments, while maintaining their positions within the slow-growing segments.Moreover, Luxury yacht is luxurious private boat is over 80ft in length.Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisGlobal Luxury Yacht Industry Dynamics Tourism is considered a major contributor to the economic process, social development, and employment of the many countries across the world. Countries like France, Italy, Greece, and Spain attracts many tourists, especially the rich population of varied countries. The tourism industry in Southeast Asia is experiencing tremendous growth owing to the rise within the number of tourists from developing countries like India and China. Additionally, several countries in Europe are encouraging tourism by allowing tourists duty-free shopping of luxury goods. Tourism plays a serious role within the luxury yacht market, because the commercial operators and fleet operators witness significant growth within the business. These yachts are leased from yacht fleet operators for business meetings, recreational activities, and events, which can significantly drive the worldwide luxury yacht market during the forecast period.

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Global Luxury Yacht Market
by Type
• Motor Yacht
• Sail Yacht
• Global Luxury Yacht Market by Material -
• FRP/Composites
• Metal
• Others
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Global Luxury Yacht Market - Geographical Analysis By geography, the global Luxury Yacht Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).Europe was the most important luxury yacht market in 2019, and therefore the region will offer several growth opportunities to plug vendors during the forecast period. Almost 54% of the markets growth will originate from Europe during the forecast period. Italy, Netherlands, and Germany are the key markets for luxury yacht in Europe. Market growth during this region is going to be faster than the expansion of the market in other regions.Global Luxury Yacht Market -
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Competitive Analysis
• Some of the key leaders companies in the market include - Alexander Marine Co. Ltd
• Azimut Benetti Spa
• Christensen Shipyards LLC
• Damen Shipyards Group
• Feadship Holland BV
• Ferretti Spa
• Fincantieri Spa
• OVERMARINE GROUP Spa
• Palumbo group Spa and San Lorenzo Spa

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