The SuperYacht Industry is a fast growing and professional market with an estimated size of 60 billion per year.

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As of 2016 there were about 10000 superyachts over 24 metres in length worldwide. Though some yacht are used for commercial purposes but count of such yachts is very less. BoatIndustry - Actualité des professionnels du nautisme.

Barbara 89m Oceanco Kibo 82m Abeking Rasmussen. An industry publication categorizes superyachts by size by speed as explorer yachts as sailing yachts and classic yachts. A luxury yacht is a crewed sailing vehicle that is primarily used for recreational activities and sports.

Instant industry overview Market sizing forecast key players trends. Young Europeans and Americans are driving market change today says Birkett pictured above right with co. The Future of Superyacht Lighting With Videoworks.

In fact 2021 will beat 2019 boat sales by a hefty two percent. Fishing by the minute Fishing boats mark an enormous slice of the pie when it comes to sales. The growing preference among travelers for luxury marine tourism and personalized services.

The global yacht charter market size was valued at USD 65 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 52 from 2020 to 2027. Retail unit sales of new powerboats are estimated to have held steady in 2019 at approximately 280000 units the second highest total since 2007. The size of yachts can vary from 35 feet in length to more than 160 feet in length.