Yacht market analysis for the coming five years suggests the market will have a compound annual growth rate of approximately 8%. This is based on an increase in disposable income levels, that is expected to lead to a corresponding rise in spending on recreational activities. With the advent of the world-wide pandemic some analysts believe that luxury yachts can provide a relatively safe environment.
There is also an emphasis on eco-consciousness in the luxury yacht market and many providers are looking to reduce their greenhouse gas emissions by at least 50% in the coming years. Builders and suppliers are looking for sustainable solutions to reduce fuel consumption at reasonable costs. Some consumers are putting environmental impacts high on their agenda when it comes to travel and lighter, more fuel efficient yachts are being produced to meet this need as well as the increased popularity of sailing vessels.