Luxury Yacht Market Size, Growth, Structure, Scope, Demand and Competitive Analysis by 2025
According to IMARC Group’s latest report, titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global luxury yacht market grew at a CAGR of around 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. A luxury yacht is a crewed sailing watercraft, primarily used for recreational activities and sports. It is operated through wind sailing or by a propulsion system, including internal combustion engine and gas turbine. Luxury yachts are manufactured using various materials, such as steel, aluminum, fiberglass, wood, carbon fiber, treated wood, etc. They are generally charted or rented by private entities and accommodated with sophisticated, luxurious, and personalized facilities, such as a jacuzzi spa, gymnasium, sauna, and sun pads. Luxury yachts are also equipped with technologically advanced components to enhance the overall performance of the yacht. ...