Discover Sailing is a national program run by Sail America, the trade association for the U.S. sailing industry, that introduces new people to sailing and provides reliable, unbiased information about how to get started in sailing. Sailing World may receive financial compensation for products purchased through this site. High-tech interiors and luxurious amenities provided by the European OEM manufacturers are also predicted to drive the demand for Europe yacht market. 1084 0 obj <> endobj Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. b. Increasing participation of consumers in recreational boating activities and w… Who are the key companies/players in yacht market? Which segment accounted for the largest yacht market share? The rise in disposable income and improved standard of living are some of the critical factors responsible for the changing preference of the regions’ populace with respect to yacht travel. The recreational boating industry suffered a setback during the period of recession from the year 2008 to 2013. Rising disposable income across North America and Europe is enabling consumers to increase expenditure on marine leisure activities, thereby fueling the market growth. We also offer insight and analysis from the superyacht industry's leading names. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. h�b```�9��@��(��������qj�ă�;Ӏ�,���D�R��$�0w4�v440v4p ��b`�R+�"`#����d2$�\����X}8/���y��������q��g�������4#���Hs30�H�ݩ��d� Q�� ` ð!| Sailing Industry 2020. However, the share of some of the European countries is anticipated to increase gradually as they recover from the economic slowdown. More . 2013 Sailing Industry Study . Discover all relevant statistics and facts on recreational boating now on statista.com! The lengths of yachts vary from 35 feet to more than 150 feet. Please wait while we are processing your request... Yacht Market Size, Share, Industry Analysis Report, 2019-2025. It highlights technologies & capacities, materials & markets, and unpredictable structure of the global market. Key factors that are driving the market growth include the growing preference for luxury tourism and personalized services among travelers worldwide. We are in compliance with GDPR & CCPR norms. In order to gain a higher market share, the key market incumbents are undertaking initiatives and adopting strategies such as entering into partnerships, making investments, engaging in mergers & acquisitions, launching new products and services, and maintaining competitive prices for their products and services. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. The recreational tournaments are also offering employment opportunities. The market is expected to witness significant growth in Europe over the forecast period. Copyright © 2020 Grand View Research, Inc. All rights reserved. Sailing World is your go-to site and magazine for the best sailboat reviews, sail racing news, regatta schedules, sailing gear reviews and more. But some newbies are having a hard time adjusting to the nautical life. The increasing number of trade shows hosted by manufacturers and recreational boating events are supporting the market growth in the region. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends for each of the sub-segments from 2014 to 2025. Fuel pollution is one of the harmful by-products in the modern era, and a considerable amount of this comes from yachting industry. Therefore, sailing yachts uses a small amount of fuel as comparison to motor yachts. The breakfast attracted over 130 sailing industry leaders and was co-sponsored by Sail America and GE Capital Solutions. Find industry analysis, statistics, trends, data and forecasts on Recreational Boat & Yacht Building in the UK from IBISWorld. Marketing data summarizes interesting demographic statistics as well as psychographic information about sailors. Europe accounted for the largest market share in 2018 owing to the increased sales of yachts. The demand in European countries is majorly driven by factors such as an increasing number of HNWI and the growing popularity of water sports & fishing activities. The latest and best yacht industry market intelligence: market data, statistics and editorial analysis on yacht orders, launches, deliveries and sales The global Sailing Ropes research report presents obligatory facts and statistics on trends & developments. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Reportlinker.com offers immediate download access to top market reports on the Sailing Industry. Explore purchase options. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. The key vendors that provide yachts on a rental basis include Sailogy S.A.; Boatbound Inc.; The Moorings; Fun2 Rent; and Incrediblue Limited. It is expected to continue to dominate the segment over the forecast period. ... Walter, we survey over 200 sailboat builders, importers, and bareboat charter companies each year to compile annual statistics on the sailing market. Domestic production of sailboats over 20’ also grew, up 7% versus the previous year. Trade Statistics Statistics regarding the volume of cargo transported are compiled by individual governments, the United Nations and a number of private enterprises. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. Free report customization (equivalent up to 8 analysts working days) with purchase. In June 2017, Wells Fargo Commercial Distribution Finance announced that it had entered into a strategic agreement with Chaparral Boats, Inc. and Robalo Boats. This report has a service guarantee. Addition or alteration to country, regional & segment scope. 1105 0 obj <>/Filter/FlateDecode/ID[<54BB946F4449984E8910340511F0CFF4>]/Index[1084 42]/Info 1083 0 R/Length 93/Prev 146781/Root 1085 0 R/Size 1126/Type/XRef/W[1 2 1]>>stream An in depth look at the state of the sailboat industry. In September 2016, Bombardier Recreational Products (BRP) Inc. expanded its North American sales network by onboarding 16 new dealers and four boat builders in the region. The Sailing Market. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Improved maritime security systems, connectivity, and tracking and increased disposable incomes are further driving the market. The picture is not much better for the 35-54 year olds, except for yacht cruising, which is stable. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. This is anticipated to increase in investments in coastal areas and recreational activities such as fishing, sail training adventures, white-water rafting, kayaking, and one-day boating adventures, in addition to scuba diving, free diving, and snorkeling. More significantly, cruise industry … Additionally, the growth of the coastal and maritime tourism industry is significantly contributing to the growth of the market. online dashboard trial. Speaking at BOAT International’s inaugural Life Under Sail summit at the Yacht Club de Monaco last week, shipyard bosses and sailing yacht brokers analysed the state of the sailing market. We stand by our report quality. Furthermore, in North America and Europe, the emerging trend of using renewable energy such as solar energy and wind energy in sea vessels is most likely to play an important role in reducing fuel usage and emissions from ships. Conducted by Sailing World and Cruising World. sailing statistics. The global yacht market size was valued at USD 6.19 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2019 to 2025. What are the factors driving the yacht market? The global leisure boat market size was valued at USD 39.75 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. Recreational Boating Marketsize exceeded USD 43 billion in 2019 and is poised to grow at a CAGR of over 5% between 2020 and 2026. Get up to speed on any industry with comprehensive intelligence that is easy to read. Countries such as China, Germany, and France are anticipated to witness substantial growth over the forecast period. Sports yachts are used for marine tourism, sports tournaments, other recreational activities such as cruising & fishing and other water sports activities. Furthermore, advancements in telematics and IoT platforms are expected to improve the industry potential over the coming years. Search reports, statistics & slideshows on Recreational Activity. Aggregated Sailing Demographics: • 3,570,000 million sailing participants • 897,000 people sailed 15 or more times annually • 59% of all Sailing participants are male and 61% of frequent (15+/year) Sailing participants are male. This is also a prominent factor augmenting the growth of the up to 20 ft segment. Get your queries resolved from an industry expert. The growing preference of travelers for luxury tourism, personalized service, and exclusive traveling are the primary factors propelling the sales of yachts. Recent Statistics Popular Statistics NBA all-time scoring list 1946-2020 Most Super Bowl wins by NFL team 1967-2020 The segment growth can be attributed to the high demand for a sports yacht in countries such as China and France. Multihulls comprised 38% of imported sailboats and 20% of all sailboats built in North America. … %%EOF Sailboat imports into North America saw a significant increase last year, up 55% for boats over 20 feet in length compared to 2012. The use of electronically controlled fuel injection systems offers the flexibility to let engines operate at variable speeds and significantly reduce noise, vibration, and emissions in port and coastal areas. The annual report on the state of the sailing industry, market and sport for the year 2015. For the purpose of this study, Grand View Research has segmented the global yacht market report on the basis of type, yacht length, and region: Type Outlook (Revenue, USD Million, 2014 - 2025), Yacht Length Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). RYA Statistics Membership. endstream endobj 1085 0 obj <. This website is secure and your personal details are safe. However, countries facing economic crises, political instability, and stringent FDI policies are anticipated to negatively influence growth. The growth of the segment can be attributed to benefits such as low maintenance costs and light wind sailing capabilities that help save fuel and ensure traveling in favorable wind direction. The study has, in fact, found that sailing is more dangerous and with a higher fatality rate than skiing and snowboard combined and American football. 1.The report provides key statistics on the market status of the Sailing Luxury Yachts manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. They are emerging as a source of revenue generation for yacht caterers, clothing outlets, chandlers, and boat builders, among others. Some of the prominent players in the yacht market include: Alexander Marine International Co., Ltd. (AMI), Revenue in USD million and CAGR from 2019 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Latin America; Middle East & Africa, U.S.; Canada; Germany; U.K.; France; China; Japan; India; Mexico; Brazil, Brunswick Corporation; Azimut Benetti S.p.A.; Damen Shipyards Group; Heesen Group; The San Lorenzo S.p.a; Sunseeker International; Ferretti S.p.A.; Alexander Marine International Co., Ltd. (AMI); Princess Yachts Limited. sailing statistics. Visit Discover Sailing to learn more and order the award-winning Discover Sailing: The Ultimate Adventure DVD. Since 2009, cruise ship passengers have grown from 17.8 million to 30 million, an annual growth rate of 5.4%. The rising disposable income of citizens and flourishing tourism sector in emerging economies, such as Brazil and China, are some of the key factors escalating the market growth Number of youth participants in sailing in the U.S. from 2006 to 2018. The OEM manufacturers have been observed to be continuously investing in R&D activities to offer a unique experience while traveling with onboard luxury accommodation. All interactions are confidential. More Stories. The latest yachting intelligence tools and data about the yacht industry statistics within a digital and a paper format to stay on top of the industry. Under the strategic agreement, Wells Fargo Commercial Distribution Finance agreed to provide inventory-financing solutions to dealers of Chaparral Boats, Inc. and Robalo Boats in the North American region. Report Overview The global yacht market size was valued at USD 6.19 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2019 to 2025. The global yacht market is expected to grow at a compound annual growth rate of 5.6% from 2019 to 2025 to reach USD 9.0 billion by 2025. b. Europe dominated the yacht market with a share of 35.3% in 2019. The global yacht market size was estimated at USD 6.2 billion in 2019 and is expected to reach USD 6.5 billion in 2020. b. Please fill out the form below for a yacht of this length size operating renewable. With comprehensive intelligence that is easy to read interiors and luxurious amenities provided by the OEM! Except for yacht cruising, which is stable 7 % versus the year! Prominent factor augmenting the growth of the market in 2018 owing to the growth of the global yacht market sailing! Outdoor recreational activities such as China and France to continue to dominate the segment growth can attributed! Covid-19 outbreak and is expected to drive the market is expected to continue to the. 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