How Big is the Yacht Market | Industry Trends & Forecast 2025

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Code: MTA9882

Publication Date: Oct 2025

How Big is the Yacht Market?

According to 6Wresearch internal database and industry insights, the Global Yacht Market was valued at USD 10.5 Billion in 2024 and is expected to reach USD 15.8 Billion by 2031, growing at a compound annual growth rate of 6% during the forecast period (2025-2031).

Due to rising disposable income, increasing luxury tourism, and the demand for recreational watercraft are major contributors to market growth. Growing investments in yacht manufacturing, technological innovations in yacht design, and expanding coastal infrastructure are all the main factors driven by the market.

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Key Growth Drivers of the Yacht Market

The increasing disposable income and luxury spending
The rising demand for recreational and charter yachts
The advancements in yacht design and onboard technology
Growth in coastal tourism and marina infrastructure
The expansion of yacht rental and charter services
Rising interest in eco-friendly and hybrid yachts

Yacht Market Trends

Yacht Market is witnessing significant growth with trends like rising demand for smart and technologically advanced yachts. Lightweight and fuel-efficient designs are gaining traction. There is increasing focus on eco-friendly propulsion systems and hybrid yachts. The market is seeing growth in yacht charter and rental services. The integration of luxury amenities and automation in yachts is increasing. Subscription-based and fractional ownership models are emerging. Demand for personalized and concierge services on yachts is expanding. Advanced navigation and safety systems are becoming standard across new yachts.

Emerging Developments in the Yacht Market

Yacht Market is evolving with adoption of hybrid and electric propulsion systems. Companies are investing in research for innovative yacht designs and sustainable materials. The growth of the market is being helped by the growth of marinas and docking areas. More yacht builders are teaming up with service providers. More people are using luxury yacht charter services that offer better customer service. There are now digital platforms for booking, maintenance, and managing fleets. People in the market are looking for solutions that are sustainable for the environment and save energy. More wealthy people and luxury tourists are coming to the area, which is opening up new markets.