Super Yacht Market Size, Share, and COVID-19 Impact Analysis, By Application Type (Passenger and Commercial), By Type (Sailing Yacht and Motorized Yacht), By Size (Below 24m, 24-45m, and Above 45m), and By Region, 2026-2034

The global super yacht market size was valued at USD 10.56 billion in 2025. The market is projected to grow from USD 11.11 billion in 2026 to USD 16.63 billion by 2034, exhibiting a CAGR of 5.17% during the forecast period.

Yachts that are large luxurious pleasure vessels of at least 75ft and above are considered luxury yachts or superyachts. Individuals with disposable income have increased globally, and increasing interest in leisure activities has fueled the demand for super yachts. Increasing demands for complete travel plans, luxury tourism, and personalized service surged the demand for superyachts in the market.

The regional market expansion is limited because the market is geographically limited. The super yachts are expensive, making the buyers uninterested and slowing down the market.

However, at a global scale, as there are a limited number of superyacht providers, which increases the waiting period for the yacht to be delivered, this may restrain the market growth.

Impact of COVID-19 on the Super Yacht Market

The COVID-19 pandemic had a negative impact on the superyacht market. The rise of the pandemic, the consequent restrictions imposed by the governments on various nations to contain the virus, and severe travel restrictions affected the global market for superyachts. Also, disturbances in the supply chain developed a major interference with manufacturability. However, the market has improved after the prolonged stay-at-home as people became more inclined toward engaging in leisure activities. The manufacturers witnessed increased orders for new superyachts as more people were willing to travel and explore new places with their families post-pandemic.

Key Insights

The report will cover the following key insights:

• Recent Developments.
• Porter's Five Forces Analysis.
• Technological Developments.
• Impact of COVID-19 on the Super Yacht Market.

Segmentation

Analysis by Size

The 24-to-45-meter segment dominated the market in 2022. Increasing demand for yachts with Improved design, style, comfort, livability, technological innovations, and performance for leisure activities is anticipated to drive the segment growth. Furthermore, optimization of both interior and exterior spaces results in high consumer preference toward this segment. The segment's growth can be attributed to low maintenance costs and light wind sailing capabilities that help save fuel and ensure traveling in a favorable wind direction. Additionally, benefits such as lower moorage costs and shallow drafts for water anchorages make this length size a preferred choice among users.

Superyachts above 45 meters will also account for a significant share of global superyachts due to their luxury, space, and comfort. Superyacht above 45m in length provides extended cruising capabilities such as larger fuel and water storage capacity. They are ideal for longer trips without frequent refueling. Larger superyachts have better stability as the increased size a weight makes them more resistant to rough seas and provide more smooth cruising experience. So making the length popular among consumers.

Analysis by Type

Motorized yachts dominated the market in 2022. Motorized yachts are more comfortable compared to others, and customers prefer these yachts. Therefore inclining consumer preference toward motorized yachts is supporting the segment growth. Increasing demand for motorized yachts that provide more interior spaces, high speed and power, and large distance coverage lead to comfy cruising and influence the market's growth. Motorized yachts are equipped with modern and advanced systems that are key to accelerating yacht sales. The sailing luxury yachts' speed depends on the speed of the winds for movement. They use the sail as propulsion and spend less on fuel. Therefore increasing demand for sailing yachts for short distances is likely to influence the segment growth.  

Analysis by Region

Europe dominates the global superyacht market over the forecast period. In the Mediterranean Sea, a vast coastline and a significant percentage of boating make Europe a favorable tourism hotspot. Greece and Croatia have witnessed a sudden growth in tourists interested in exploring water adventures, thus boosting the growth of the Global luxury yacht market. Moreover, high disposable income and ample tourist places, coupled with the European government’s focus on investing in tourism, are some of the factors that are anticipated to drive market growth in the region. North America also held a significant market share in 2022. The presence of prominent boat & yacht manufacturers and boat maintenance service providers is supporting the market growth in the region.

Key Players Covered

Azimut (Italy), Sunseeker (U.K.), Sanlorenzo (Italy), Benetti (Italy), Ferretti (Italy), Feadship (Netherlands), Overmarine (Italy), Horizon (Taiwan), Hatteras (U.S.), and Princess (UK).

Key Industry Developments

• April 2023: Azimut Yachts, an Italian Yacht manufacturer, installed The Sea Deck at the Darsena during Milan Design Week 2023. The Sea Deck was Designed by AMDL CIRCLE & Michele De Lucchi.
  
  
• March 2022: Tankoa Yachts introduced a new hybrid yacht, M/Y Kinda, the 4th 50m hull in the all-aluminum series. These hybrid superyacht deliveries were started from Tankoa's Genoa-based facility.