Luxury Yacht Market Globally Grow at a CAGR of 7.01% by Revenue During the Forecast Period 2017-2020
Luxury yachts include modern convenience features such as air conditioners (ACs), televisions, navigation aids, radars, echo-sounding systems, autopilot facility, and power-generating system. The market is driven by several factors, including rising luxury tourism and recreational events. Yachts are often an extension of a status symbol for the HNWI population. This is because they fall into the ultra-luxury goods category along with luxury cars, watches, and jewelry. Technavios analysts forecast the global luxury yacht market to grow at a CAGR of 7.01% during the period 2016-2020. Covered : The report covers the present scenario and the growth prospects of the global luxury yacht market for 2016-2020. To calculate the market size, the report includes the major drivers that are influencing the growth of the luxury yacht market. Segments based on geography: Americas APAC EMEA Technavio's report, Global Luxury Yacht Market 2016-2020, has been prepared based on an in-depth market an...