Saudi Arabia Yacht Market (2025-2031) | Size, Value, Revenue, Trends, Outlook, Companies, Industry, Share, Forecast, Analysis & Growth

Saudi Arabia Yacht Market Synopsis

The Saudi Arabia yacht market is estimated to grow at a CAGR of 5.6% over the forecast period (2025-2031). The increasing population, rising disposable income and growing tourism industry are some of the major factors driving the growth of the yachting sector in Saudi Arabia.

Market Drivers

The rise in number of tourists visiting various cities in the country has led to an increase in demand for luxury cruises, thus driving positive growth for this market. The creation of several tourist attractions such as resorts and marinas also create opportunities for leisure boating activities such as sailing and fishing, which increases yacht sales within this country. Increasing Disposable Income with a large proportion of young population generating high wages due to their experience with technology, there has been an overall increase in disposable incomes across all economic classes which is expected to drive increased spending on recreational activities like yachting that will further boost yacht sales within this region during coming years. There have been numerous government initiatives recently aimed at boosting water sports related recreational activities such as boat shows organized by local associations and clubs promoting nautical culture through sailing events etc., providing necessary support services like docking facilities or repair services; all these have encouraged more people take up cruising on board luxury yachts thereby creating potential demand for new boats in near future.

Challenges of the Market

One biggest challenge faced by companies involved in selling luxury boats is very high cost associated with owning one ,which makes it difficult for many people who cannot afford them. This ultimately affects their profits margins negatively when compared to other segments like sailboats or motorboats . Moreover , extra taxes levied on imported boats make it even more expensive resulting into fewer sales numbers than expected.

Covid 19 Impact on the Market

However, due to Covid-19 pandemic outbreak, international travel bans and restrictions on leisure activities were imposed by government authorities across countries since March 2025 which had a direct impact on yachting industry as well. As per sources from Ministry of Tourism (MOT), Saudi Arabia domestic tourism dropped by 39% in April 2025 when compared to 2025 levels while international visitors declined by 52%. This has created a decline in demand for luxury items such as yachts throughout 2025.

key players of the Market

The major companies present in Saudi Arabia Yacht Market include Blohm+Voss Group, Azimut Benetti SpA., Princess Yachts International plc., Sanlorenzo Spa., Sunseeker International Ltd., Ferretti SPA , Gulf Craft Inc., Rodriquez Cantieri Navali SpA etc.

Key Highlights of the Report:

• Saudi Arabia Yacht Market Outlook
• Market Size of Saudi Arabia Yacht Market, 2024
• Forecast of Saudi Arabia Yacht Market, 2031
• Historical Data and Forecast of Saudi Arabia Yacht Revenues & Volume for the Period 2021-2031
• Saudi Arabia Yacht Market Trend Evolution
• Saudi Arabia Yacht Market Drivers and Challenges
• Saudi Arabia Yacht Price Trends
• Saudi Arabia Yacht Porter's Five Forces
• Saudi Arabia Yacht Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Super yacht for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Flybridge yacht for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Sport yacht for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Long range yacht for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Length for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Up to 20 ft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By 20 to 50 ft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Yacht Market Revenues & Volume By Above 50 ft for the Period 2021-2031
• Saudi Arabia Yacht Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Length
• Saudi Arabia Yacht Top Companies Market Share
• Saudi Arabia Yacht Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Yacht Company Profiles
• Saudi Arabia Yacht Key Strategic Recommendations