| Product Code: ETC052383 | Publication Date: Jan 2021 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The yacht market in South Korea is experiencing growth as affluent individuals and enthusiasts invest in luxury watercraft for recreation and status. The market includes a range of yachts, from small leisure boats to large, sophisticated superyachts. The demand is driven by a rising interest in marine leisure activities and tourism. Innovations in yacht design, including eco-friendly technologies and advanced navigation systems, are significant trends shaping this market. Additionally, the development of marinas and yacht clubs supports the markets expansion.
The South Korea yacht market is experiencing growth driven by factors such as the increasing popularity of recreational boating and water sports, rising disposable incomes, and expanding tourism infrastructure along the country`s coastal regions. Yachts, valued for their luxury, comfort, and prestige, are becoming sought-after leisure assets among affluent individuals and high-net-worth tourists. Moreover, advancements in yacht design, propulsion systems, and onboard amenities are catering to the evolving preferences of yacht enthusiasts, further fueling market growth. Additionally, government initiatives promoting marine tourism and investments in marina facilities are driving the development of the yacht market in South Korea.
The yacht market in South Korea faces challenges such as regulatory restrictions, high import taxes, and limited infrastructure for recreational boating. Moreover, providers must address consumer preferences for customization, safety standards, and after-sales services to compete effectively in this niche market.
The South Korean government supports the yacht market through policies aimed at promoting maritime tourism, leisure activities, and marine industry development. Policies include investments in marina infrastructure, incentives for yacht manufacturers and operators, and regulations to ensure safety standards and environmental sustainability in yacht operations. Additionally, the government collaborates with industry stakeholders to promote yacht tourism, streamline licensing and registration processes, and facilitate international yacht exhibitions and events.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Yacht Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Yacht Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Yacht Market - Industry Life Cycle |
3.4 South Korea Yacht Market - Porter's Five Forces |
3.5 South Korea Yacht Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 South Korea Yacht Market Revenues & Volume Share, By Length, 2021 & 2031F |
4 South Korea Yacht Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income among South Koreans |
4.2.2 Growing interest in luxury recreational activities |
4.2.3 Rise in tourism and leisure industry in South Korea |
4.3 Market Restraints |
4.3.1 High cost of yachts and associated maintenance |
4.3.2 Limited infrastructure for yachting in South Korea |
5 South Korea Yacht Market Trends |
6 South Korea Yacht Market, By Types |
6.1 South Korea Yacht Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 South Korea Yacht Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 South Korea Yacht Market Revenues & Volume, By Super yacht, 2021-2031F |
6.1.4 South Korea Yacht Market Revenues & Volume, By Flybridge yacht, 2021-2031F |
6.1.5 South Korea Yacht Market Revenues & Volume, By Sport yacht, 2021-2031F |
6.1.6 South Korea Yacht Market Revenues & Volume, By Long range yacht, 2021-2031F |
6.1.7 South Korea Yacht Market Revenues & Volume, By Others, 2021-2031F |
6.2 South Korea Yacht Market, By Length |
6.2.1 Overview and Analysis |
6.2.2 South Korea Yacht Market Revenues & Volume, By Up to 20 ft, 2021-2031F |
6.2.3 South Korea Yacht Market Revenues & Volume, By 20 to 50 ft, 2021-2031F |
6.2.4 South Korea Yacht Market Revenues & Volume, By Above 50 ft, 2021-2031F |
7 South Korea Yacht Market Import-Export Trade Statistics |
7.1 South Korea Yacht Market Export to Major Countries |
7.2 South Korea Yacht Market Imports from Major Countries |
8 South Korea Yacht Market Key Performance Indicators |
8.1 Average number of yacht clubs and marinas in South Korea |
8.2 Number of yacht rental services available |
8.3 Participation rate in yachting events and exhibitions |
9 South Korea Yacht Market - Opportunity Assessment |
9.1 South Korea Yacht Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 South Korea Yacht Market Opportunity Assessment, By Length, 2021 & 2031F |
10 South Korea Yacht Market - Competitive Landscape |
10.1 South Korea Yacht Market Revenue Share, By Companies, 2024 |
10.2 South Korea Yacht Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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