Europe Luxury Yacht Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 5.81 Billion |
| Market Size (2030) | USD 9.70 Billion |
| CAGR (2025 - 2030) | 10.81% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Luxury Yacht Market Analysis
The Europe Luxury Yacht Market size is estimated at USD 5.81 billion in 2025, and is expected to reach USD 9.70 billion by 2030, at a CAGR of 10.81% during the forecast period (2025-2030).
The European recreational boating industry continues to attract large volumes of participants who are strongly competing with rival luxury leisure pursuits. It has been estimated that European recreational boating involves the use of luxury yachts for leisure and recreation purposes. The increasing disposable income of consumers and growing inclination toward marine tourism and leisure activities, such as sailing, power boating, water sports, yachting, and others, have experienced significant growth in recent years.
The boating industry is expected to develop due to factors such as rising interest in recreational water sports and rising water-based tourism. Furthermore, the advancements in telematics and IoT platforms are expected to improve the luxury yacht industry's potential over the coming years. However, the market is projected to be hampered by the high initial and ownership costs of luxury yachts and environmental problems related to recreational boating.
The growing interest in water adventure sports is helping the water adventure tourist business and positively impacts the luxury yacht market growth. Water adventure sports are performed in bodies of water such as lakes, canals, the sea, streams, the ocean, and coastal locations. Water sports enthusiasts go to specific regions to participate in soft and hard water-based experiences and activities such as fishing, Fast tenders, sea kayaks, paddleboards, sailing, and jet skis. These factors are expected to drive market growth during the forecast period.
Europe Luxury Yacht Market Trends
Motorized Luxury Yacht Type Segment to Fuel the Market Demand -
Motorized luxury yachts are gaining popularity among consumers in the region due to their numerous benefits. These include high speed, greater privacy in each room, easier handling without requiring sailing knowledge, an attractive appearance on the water, and the added convenience of usually coming with a crew (for boats 50 feet and longer) so that users do not have to worry about the boat at all.
Motor yachts are popular for their speed and power. These yachts are designed to be sleek and stylish, without the restrictions of sails and rigging that come with other types of boats. As a result, they offer more space and comfort. Depending on their size, motor yachts can also provide a wide array of amenities, such as beach clubs, gyms, elevators, saunas, and hammams, making them the ultimate luxury for ocean travel.
Manufacturers are developing sustainable and environment-friendly innovations, such as solar electric yachts, which are expected to contribute to the growth of this segment in the coming years. For instance,
• In May 2023, TYDE, a German luxury yacht manufacturer in partnership with BMW, introduced THE OPEN, setting a new benchmark as the world's largest foiling motor yacht during a prestigious unveiling event in Dubai. This announcement follows the introduction of THE ICON electric watercraft in May 2023. THE OPEN has dimensions of 14.8 meters in length and 4.5 meters in width. Moreover, by incorporating hydrofoil technology, THE OPEN achieves an impressive 80% reduction in energy consumption, significantly outperforming traditional day yachts that typically use over 150 liters of fossil fuel per hour.
The luxury yacht market is expected to grow due to increasing demand for competitive and recreational boating activities, a rise in purchasing power, becoming a preferred destination for luxury yachts, and the development of tourist attractions and luxurious hotels. For instance,
• In 2022, Participation in boating activities in the United Kingdom increased from 2020 to 2022. As of 2022, 18.5 percent of the British population participated in boating activities. This figure showed a slight increase compared to the previous year.
Owing to these factors, the adoption of motorized luxury yachts is increasing in the region. Such positive trends are expected to enhance the growth of the European luxury yacht market over the forecast period.
Italy is Anticipated to Hold a Significant Market Share -
The luxury yacht market in Italy is experiencing a significant phase of growth, buoyed by the country's rich maritime heritage and its status as a global center for yacht design and manufacturing. The luxury yacht industry in Italy is also witnessing a trend towards customization and personalization, with buyers seeking unique, tailor-made vessels that reflect their personal style and meet their specific needs.
This trend is contributing to the overall expansion of the market, making luxury yachting accessible to a wider audience and encouraging a culture of yachting across different consumer segments. A blend of rich maritime heritage, advanced technological capabilities, and a strong culture of innovation and design underpin this expansion. For instance,
• In September 2023, accommodation establishments in Italy recorded approximately 14 million tourist arrivals, including international and domestic travelers.
Italy, with its extensive 4,723 miles of coastline and strategic location in the Mediterranean basin, stands as a testament to its maritime vocation. The country's deep-seated connection to the sea has fostered a thriving yacht industry, renowned worldwide for its exquisite craftsmanship, elegant designs, and pioneering technology. Owing to this, several players in the country are introducing various business strategies to enhance their market offerings in the yacht industry. For instance,
• In January 2024, The Italy-based yacht manufacturer Benetti unveiled the 40.8-metre Benetti Oasis 40M superyacht, BO116, at its Livorno shipyard in Italy.
Hence, owing to these aforementioned factors, Italy is expected to see significant market growth and is likely to create opportunities for the luxury yacht market over the forecast period.
Europe Luxury Yacht Industry Overview
The European luxury yacht market is fragmented. A few prominent companies include Fr. Lürssen Werft GmbH & Co.KG, Ferretti S.p.A., Sanlorenzo, Azimut Benetti, and Feadship. A few companies in the market are focusing on improving their product portfolios to widen their customer base. Some other key players aim to expand their presence in the market through product launches, offerings expansion, manufacturing expansion, and collaborations with other companies. For instance,
• In January 2024, Sanlorenzo announced a partnership with Volvo Penta, a collaboration that aims to pool efforts to reduce the environmental impact of the marine industry through the continuous drive for innovation.
• In November 2023, Benetti S.p.A recently launched AMANTIS, a superyacht that measures 49.9 m, is the eighth vessel in the popular B. Now 50 range. The yacht's design features a steel hull and aluminum superstructure with a nearly vertical bow. In contrast to other yachts in the series, the AMANTIS has a traditional aft deck and beach area.
• In November 2023, Azimut unveiled the Grande 30m and Seadeck 9 in its first collaboration with the shipyard Matteo Thun, Antonio Rodriguez, and Alberto Mancini.
Europe Luxury Yacht Market Leaders
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Fr. Lürssen Werft GmbH & Co.KG
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Ferretti S.p.A.
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Sanlorenzo
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Azimut Benetti
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Feadship
- *Disclaimer: Major Players sorted in no particular order
Europe Luxury Yacht Market News
- In April 2023, Sea-Alliance Group announced the launch of its sister company in Greece. The company aims to cater to the increasing demand for popular cruising destinations in Greece through this expansion. Sea-Alliance Group IKE is expected to provide yacht sales, yacht charter, and yacht management. Furthermore, the company also intends to use its marina management expertise to participate in upcoming public tenders in Greece.
- In January 2023, BAVARIA YACHTS announced the launch of its world premiere, BAVARIA SR33, and celebrated the digital premiere of the new sailing yacht BAVARIA C46, the design concept for the BAVARIA SR33 yacht referred from the well-known Italian yacht designer Macro Casali.
- In October 2023, the Benetti shipyard in Livorno, Italy, proudly launched the 67-metre superyacht FB284, marking a significant addition to Benetti's esteemed fleet.
Europe Luxury Yacht Industry Segmentation
A luxury yacht, often known as a superyacht or mega yacht, is a big and opulent pleasure vessel used for recreation. These yachts are either rented or purchased by the ultra-rich or by a firm for its employees.
The scope of the European luxury yacht market is segmented by Yacht Type, Size, Application, and Country. By Yacht Type, the market is segmented into Sailing Luxury Yacht, Motorized Luxury Yacht, and Other Types. By size, the market is segmented into Up to 20 Meters, 20 to 50 Meters, and Above 50 Meters. By Application, the market is segmented into Commercial and Private. By country, the market is segmented into Germany, United Kingdom, France, Italy, Spain, Denmark, Netherlands, Greece, and the Rest of Europe.
The report offers the market size in value (USD) and forecasts for all the above segments.
| By Yacht Type | Sailing Luxury Yacht |
| Motorized Luxury Yacht | |
| Other Types | |
| By Size | Up to 20 Meters |
| 20 to 50 Meters | |
| Above 50 Meters | |
| By Application | Commercial |
| Private | |
| By Country | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Denmark | |
| Netherlands | |
| Greece | |
| Rest of Europe |
| Sailing Luxury Yacht |
| Motorized Luxury Yacht |
| Other Types |
| Up to 20 Meters |
| 20 to 50 Meters |
| Above 50 Meters |
| Commercial |
| Private |
| Germany |
| United Kingdom |
| France |
| Italy |
| Spain |
| Denmark |
| Netherlands |
| Greece |
| Rest of Europe |
Europe Luxury Yacht Market Research FAQs
How big is the Europe Luxury Yacht Market?
The Europe Luxury Yacht Market size is expected to reach USD 5.81 billion in 2025 and grow at a CAGR of 10.81% to reach USD 9.70 billion by 2030.
What is the current Europe Luxury Yacht Market size?
In 2025, the Europe Luxury Yacht Market size is expected to reach USD 5.81 billion.
Who are the key players in Europe Luxury Yacht Market?
Fr. Lürssen Werft GmbH & Co.KG, Ferretti S.p.A., Sanlorenzo, Azimut Benetti and Feadship are the major companies operating in the Europe Luxury Yacht Market.
What years does this Europe Luxury Yacht Market cover, and what was the market size in 2024?
In 2024, the Europe Luxury Yacht Market size was estimated at USD 5.18 billion. The report covers the Europe Luxury Yacht Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Luxury Yacht Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on: April 18, 2024
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Europe Luxury Yacht Industry Report
Statistics for the 2025 Europe Luxury Yacht market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Luxury Yacht analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
