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According to IMARC Group’s latest report, titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, the global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028. Industry Overview and Application: A luxury yacht is a highly sophisticated and extravagant vessel designed for private leisure activities, cruising, or charter services. Unlike standard boats or yachts, luxury yachts offer a heightened level of comfort, performance, and amenities. Ranging in length from approximately 75 feet to more than 300 feet, these opulent watercrafts often come equipped with state-of-the-art navigation systems, powerful engines, and cutting-edge design features, enabling them to sail across oceans and explore remote destinations. The interior of a luxury yacht is where opulence truly shines. These vesse

The latest report published by IMARC Group, titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.  A Luxury Yacht is a high-end, privately-owned watercraft designed for luxury and leisure purposes. It typically offers lavish amenities, spacious interiors, and state-of-the-art technology. Characteristics include top-notch craftsmanship, opulent interiors, and professional crew services. Features encompass multiple decks, swimming pools, gourmet kitchens, and extravagant entertainment areas, providing an exclusive and indulgent

IMARC Group has recently released a new research study titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form. Market Overview: The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028. A luxury yacht refers to a crewed sailing vehicle mainly used for recreational activities and sports. It can be handled via wind sailing or by a propulsion system, including an internal combustion engine (ICE) and gas turbine. Luxury yachts are usually ma

The latest report published by IMARC Group, titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028. A luxury yacht is a professionally crewed marine vessel that is sailed or driven using a propulsion system, such as an internal combustion engine (ICE) or gas turbine. It is manufactured from reinforced composites, polymers, and wood that offer a broad range of properties, such as resistance to corrosion, low maintenance costs, and a high strength-to-weight ratio. It is opulent in appearance and is primarily used for private and c

The latest report published by IMARC Group, titled “ Luxury Yacht Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global luxury yacht market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028. Year Considered to Estimate the Market Size: Base Year of the Analysis: 2022 Historical Period: 2017-2022 Forecast Period: 2023-2028 Luxury yachts represent luxurious, professionally crewed floating or sailing boats mainly used for personal and professional purposes. These mega vehicles are mostly privately owned but can also be rented or chartered based on several requirements. Luxury yachts are operated through wind sailing or w