Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. In June 2017, Wells Fargo Commercial Distribution Finance announced that it had entered into a strategic agreement with Chaparral Boats, Inc. and Robalo Boats. But some newbies are having a hard time adjusting to the nautical life. The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. … 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. Copyright © 2020 Grand View Research, Inc. All rights reserved. Search reports, statistics & slideshows on Recreational Activity. 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. 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. In April 2018, Azimut Benetti S.p.A. planned to reveal two new yacht models, namely the S10 and the Grande Magellano 25 Metri, at the Milan Design Week. 2013 Sailing Industry Study . The report includes charter industry data, sailboat brokerage data, and marketing intel for the sailboat industry. H��dU�C���c�%��y����L�,�A���!���� � AWI Even as … We are in compliance with GDPR & CCPR norms. The Sailing Market. The growing preference of travelers for luxury tourism, personalized service, and exclusive traveling are the primary factors propelling the sales of yachts. Request discounts available for Start-Ups & Universities. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. This website is secure and your personal details are safe. The key vendors that provide yachts on a rental basis include Sailogy S.A.; Boatbound Inc.; The Moorings; Fun2 Rent; and Incrediblue Limited. The global Sailing Ropes research report presents obligatory facts and statistics on trends & developments. 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. RYA Statistics Membership. 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. Furthermore, advancements in telematics and IoT platforms are expected to improve the industry potential over the coming years. The demand for a yacht in major markets such as Europe and North America was observed to be declining during the economic slowdown. Increasing participation of consumers in recreational boating activities and w… Avail customized purchase options to meet your exact research needs. b. This is attributable to increasing number of high net worth individuals (HNWI) and growing popularity of water sports & fishing activities in the region. 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. Yet the 55+ age group is growing in most activities, which is keeping the sailing industry … If you thought that sailing was a safe activity with no risks to health, after a new study from Rhode Island Hospital (Provicence, USA) researchers, maybe you’d better to change your mind.. Additionally, the growth of the coastal and maritime tourism industry is significantly contributing to the growth of the market. They are emerging as a source of revenue generation for yacht caterers, clothing outlets, chandlers, and boat builders, among others. All interactions are confidential. Which segment accounted for the largest yacht market share? Trade Statistics Statistics regarding the volume of cargo transported are compiled by individual governments, the United Nations and a number of private enterprises. 0 The recreational boating industry suffered a setback during the period of recession from the year 2008 to 2013. ADVERTISEMENT. David Anthony,an attorney in Nashville, Tennessee, dreamed of owning a boat for years. It is expected to continue to dominate the segment over the forecast period. 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 demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. Please fill out the form below for a free PDF report sample & The report will account for Covid19 as a key market contributor. More significantly, cruise industry … Please wait while we are processing your request... Yacht Market Size, Share, Industry Analysis Report, 2019-2025. 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 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. We never share your personal data. Increasing economic conditions and rising popularity of coastal and marine tourism across the globe will drive the market revenue. 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. Recreational Boating Marketsize exceeded USD 43 billion in 2019 and is poised to grow at a CAGR of over 5% between 2020 and 2026. Sports yachts are used for marine tourism, sports tournaments, other recreational activities such as cruising & fishing and other water sports activities. Sailing Industry 2020. Sailing World may receive financial compensation for products purchased through this site. Our team of experts are in touch with brokerage houses, builders, designers and owners around the world to provide you with the very latest data and statistics on new orders, launches, deliveries and sales. This is also a prominent factor augmenting the growth of the up to 20 ft segment. The sport yacht segment is expected to emerge as the fastest-growing segment in the market. Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. 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. 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. 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. What are the factors driving the yacht market? Conducted by Sailing World and Cruising World. The 20 to 50 ft segment dominated the market in 2018. 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. Marketing data summarizes interesting demographic statistics as well as psychographic information about sailors. Addition or alteration to country, regional & segment scope. More Stories. Countries such as China, Germany, and France are anticipated to witness substantial growth over the forecast period. This report has a service guarantee. The Latest Reports with Statistics & Trends from Top Industry Sources. In addition, sailing yachts are less expensive and … Reportlinker.com offers immediate download access to top market reports on the Sailing Industry. • 64% of all Sailing participants are 35 years old and over; 74% of frequent (15+/year) Sailing 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!| Free report customization (equivalent up to 8 analysts working days) with purchase. Design an exclusive study to serve your research needs. 2013 Sailing Industry Study. Get up to speed on any industry with comprehensive intelligence that is easy to read. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen over the next few months. 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 A yacht of this length size operating on renewable energy is generally compact and lightweight as it requires less energy to sail. %PDF-1.5 %���� Furthermore, increasing demand for recreational tournaments and growing affinity for outdoor recreational activities are expected to drive the segment growth. Visit Discover Sailing to learn more and order the award-winning Discover Sailing: The Ultimate Adventure DVD. The recreational tournaments are also offering employment opportunities. Boating can be considered as a year-round activity as people tend to enjoy outdoor water sports activities in all seasons. The market is expected to witness significant growth in Europe over the forecast period. Despite the high total cost of ownership associated with a personal yacht, the marine travel and tourism activities have not been significantly affected owing to the easy availability of a yacht on a rental basis. Find industry analysis, statistics, trends, data and forecasts on Recreational Boat & Yacht Building in the UK from IBISWorld. It highlights technologies & capacities, materials & markets, and unpredictable structure of the global market. Furthermore, the surging demand for recreational activities supported by increasing participation of people in marine recreational activities in countries such as Singapore, Thailand, China, and Australia is also expected to bolster the growth of the regional market. b. "The industry is absolutely on fire." endstream endobj startxref h�bbd``b`z $W�X�@�� H0G��� �$��":@�q 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. However, the use of composites has gained popularity owing to benefits such as corrosion resistance, lower maintenance costs, and better strength to weight characteristics. 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. Fuel pollution is one of the harmful by-products in the modern era, and a considerable amount of this comes from yachting industry. Sailboat imports into North America saw a significant increase last year, up 55% for boats over 20 feet in length compared to 2012. 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. sailing statistics. The cruise industry, which the Cruise Lines International Association says was worth $150 billion worldwide in 2018, is now assessing the damage. Improved maritime security systems, connectivity, and tracking and increased disposable incomes are further driving the market. Related: 2016 Sailing Industry Report. Recreational Boating Industry Statistics Book ICOMIA publications highlighting important quarterly economic statistics and trends by country. online dashboard trial. Read the full report on the state of the sailing industry conducted by Sailing World and Cruising World. Domestic production of sailboats over 20’ also grew, up 7% versus the previous year. View Trends, Analysis and Statistics. The segment growth can be attributed to the high demand for a sports yacht in countries such as China and France. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. 1084 0 obj <> endobj The demand for yachts has gradually increased over the last few years owing to the increase in disposable income of individuals and their inclination toward leisure or recreational activities. 2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology. 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. New Jersey, United States: Market Research Intellect has added a new report to its huge database of research reports, entitled “ Offshore Sailing Salopette Market Size and Forecast to 2027 “. Multihulls comprised 38% of imported sailboats and 20% of all sailboats built in North America. Our support available to help you 24 hours a day, five days a week. Privacy Policy. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". 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. b. Key factors that are driving the market growth include the growing preference for luxury tourism and personalized services among travelers worldwide. Sailing World is your go-to site and magazine for the best sailboat reviews, sail racing news, regatta schedules, sailing gear reviews and more. Yachts were manufactured using wood and fiber-reinforced polymers. High-tech interiors and luxurious amenities provided by the European OEM manufacturers are also predicted to drive the demand for Europe yacht market. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. The processes involved in manufacturing yachts have also undergone drastic changes over the last few years. The growing number of High-Net-Worth Individuals (HNWI) and the adoption of technologically advanced yachts are the primary factors driving the growth of the sales of new yachts in the region. Recent Statistics Popular Statistics NBA all-time scoring list 1946-2020 Most Super Bowl wins by NFL team 1967-2020 Since 2009, cruise ship passengers have grown from 17.8 million to 30 million, an annual growth rate of 5.4%. Get your queries resolved from an industry expert. An in depth look at the state of the sailboat industry. %%EOF March 17, 2016. Rising disposable income across North America and Europe is enabling consumers to increase expenditure on marine leisure activities, thereby fueling the market growth. The annual report on the state of the sailing industry, market and sport for the year 2015. 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. 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. Furthermore, government initiatives for the development of tourism activities such as the Swadesh Darshan Scheme and Incredible India are expected to boost the regional market growth over the forecast period. Number of youth participants in sailing in the U.S. from 2006 to 2018. In the upcoming years, passenger traffic in coastal and marine tourism is expected to increase drastically due to the attractiveness of the region and recent supportive policies. The manufacturers are focusing on including luxury features for offering improved performance characteristics and customer experience. More . ... Walter, we survey over 200 sailboat builders, importers, and bareboat charter companies each year to compile annual statistics on the sailing market. We also offer insight and analysis from the superyacht industry's leading names. The annual report from the Sailing Company—publisher of Sailing World and Cruising World— includes studies on the bareboat charter industry, North American import sailboats, and North American sailing industries. The picture is not much better for the 35-54 year olds, except for yacht cruising, which is stable. The rising cost of sailing yacht construction is significantly contributing to the shrinking new-build market, top industry figures have said. The latest and best yacht industry market intelligence: market data, statistics and editorial analysis on yacht orders, launches, deliveries and sales Additionally, benefits such as lower moorage costs and shallow drafts for water anchorages are also making this length size a preferred choice among the users. 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 increasing number of trade shows hosted by manufacturers and recreational boating events are supporting the market growth in the region. Economic indicators in the report include inflation rate, percentage of economic growth (index varies by country), unemployment, and consumer confidence. 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. It also helps increase the efficiency of the yacht propulsion system. 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). sailing statistics. 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. However, countries facing economic crises, political instability, and stringent FDI policies are anticipated to negatively influence growth. Therefore, sailing yachts uses a small amount of fuel as comparison to motor yachts. Number of participants in sailing in the U.S. 2006-2018 Published by David Lange, Nov 30, 2020 This statistic shows the number of participants in sailing in the United States from 2006 to 2018. 1125 0 obj <>stream Europe accounted for the largest market share in 2018 owing to the increased sales of yachts. Discover all relevant statistics and facts on recreational boating now on statista.com! Who are the key companies/players in yacht market? 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 With a length of 142.8 meters, Nobiskrug's (German Naval Yards Holdings) Sailing Yacht A was ranked as the world's largest sailing yacht in February 2019. However, the share of some of the European countries is anticipated to increase gradually as they recover from the economic slowdown. Explore purchase options. endstream endobj 1085 0 obj <. The lengths of yachts vary from 35 feet to more than 150 feet. NMMA continuously monitors legislation and regulatory issues in all 50 states, pursuing the marine industry's objectives and defending it against potentially harmful government initiatives. 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. Annual U.S. sales of boats, marine products and services are estimated to total $42 billion in 2019. Sailing is also one of Great Britain’s top performing sports, with 28 Olympic and Paralympic Games medals won since 2000. Statistics relevant for the analysis of international trade can be obtained from the United … We stand by our report quality. The breakfast attracted over 130 sailing industry leaders and was co-sponsored by Sail America and GE Capital Solutions. 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. Yachts with length sizes ranging up to 20 ft can be used for both competitive as well as recreational purposes. Some key players operating in the yacht market include 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); and Princess Yachts Limited. These countries have witnessed active participation of adults in recreational boating activities and sporting events. To negatively influence growth yacht market size was estimated at USD 6.2 billion in sailing. Research report presents obligatory facts and statistics on trends & developments 2008 to.! Oem manufacturers are focusing on including luxury features for offering improved performance characteristics and customer experience shrinking new-build,. Yacht propulsion system stringent FDI policies are anticipated to emerge as the fastest-growing regional market the. Interiors and luxurious amenities provided by the European OEM manufacturers are focusing on including features. 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