Catering to the affluent elite, global luxury yacht market experiences significant growth
The global luxury yacht market size is estimated to grow by USD 5.22 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.61% during the forecast period. Increase in recreational tourism is driving market growth, with a trend towards use of advanced materials. However, high cost of operations poses a challenge. The luxury yacht market is a thriving industry that caters to the affluent and elite, offering unparalleled experiences on the water. Yacht interiors are designed with opulence in mind, featuring high-end materials, custom furnishings, and state-of-the-art technology. Luxury yacht amenities include hot tubs, swimming pools, gyms, spas, and helipads. Yacht features include advanced navigation systems, stabilizers for smooth sailing, and e...
Read More
You must be logged in to post a comment.