In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period.Region wise, Eastern Europe is expected to see the largest growth of 7.2% annually with other regions growing at an average rate of 6.5%. The emerging markets including the Middle East and China are expected to continue growing consistently.
The Middle East yacht market has been experiencing an approximate annual growth of 5-10%. In 2015, new licenses issued for water craft of all types almost doubled, and reached 1,623, as compared to 698 licences the year before.
The Middle East is the most important superyacht (40 metres and above) market globally. While conventionally, Western Europe and North America are the major markets for superyachts, the affluence of the Middle East is shifting the industry dynamics towards this region, owing to the larger share of wealthy clientele. Approximately 193 superyachts are owned by people from the Middle East, accounting for 12% of the global fleet of yachts more than 40 metres in length.Azzam, the largest yacht in the world as well as approximately a third of the other 200 largest yachts internationally are owned by the citizensof the Middle East.
Why should the report be purchased?
The report ‘Studying the Middle East Yacht Industry 2016’ highlights key drivers of and trends emerging in the Middle East yacht industry. The Initiatives and performance of key players including Sunseeker International, Ferretti Group, Azimut Benetti, Princess Yachts International Plc and Gulf Craft Inc.The current market scenario and future prospects of the sector has also been examined.Emerging yacht markets other than the Middle East have been studied as part of this report. The report contains latest industry-related opinions.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business dayas each copy undergoes thorough quality check and is updated with the most recent information available.The dispatch time for hard copy is 4 business days, as each hard copy is custom printed for the client.
About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research, we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
Table of Content
1. Global Yacht Market
1.2 Performance & Market Statistics
2. Middle East Yacht Market
2.2 Performance & Market Statistics
2.3 Market Drivers
3. Competitive Landscape
3.1 Sunseeker International
3.2 Sanlorenzo SPA
3.3 Ferretti Group
3.4 Azimut Benetti
3.5 Princess Yachts International Plc
3.6 Gulf Craft Inc.
4. Other Emerging Yacht Markets
6. Industry Leader’s Verbatim
7. List of charts & Graphs
7.1 Global Leading Yacht Builders by Number of Orders (2014)
7.2 Global Largest Motor Yachts Ranked by length (2015, meters)
7.3 Superyacht Deliveries by Country (2015)
7.4 Global Superyacht Deliveries (2010-2016 June, number)
7.5 2014 Middle East Yacht Order Book
8. Research Methodology
9. About Smart Research Insights
1. Global Leading Yacht Builders by Number of Orders (2014)
2. Global Largest Motor Yachts Ranked by length (2015, meters)
3. Superyacht Deliveries by Country (2015)
4. Global Superyacht Deliveries (2010-2016 June, number)
5. 2014 Middle East Yacht Order Book
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