Asia Pacific Luxury Yacht Market

Asia Pacific Luxury Yacht Market Size

The Asia Pacific luxury yacht market was valued at USD 2.53 billion in 2024 and is anticipated to reach USD 2.82 billion in 2025 from USD 6.66 billion by 2033, growing at a CAGR of 11.36% during the forecast period from 2025 to 2033.

The Asia Pacific luxury yacht market represents a niche yet rapidly evolving segment of the global maritime industry, catering to affluent individuals seeking exclusivity, adventure, and unparalleled leisure experiences. Luxury yachts, defined as vessels exceeding 80 feet in length and equipped with state-of-the-art amenities, have become symbols of prestige and sophistication. The region’s growing wealth concentration, coupled with its diverse archipelagos and scenic coastlines, makes it an ideal hub for yacht enthusiasts. According to Credit Suisse, the Asia Pacific accounts for over 30% of the world’s ultra-high-net-worth individuals (UHNWIs), many of whom are drawn to the allure of private yachting. Additionally, the region’s tourism industry, which contributes approximately 10% to its GDP, underscores the importance of luxury travel experiences. Countries like Thailand, Indonesia, and the Maldives boast pristine waters that attract both local and international yacht owners. Furthermore, the International Maritime Organization notes that advancements in eco-friendly yacht designs align with the region’s increasing focus on sustainability, positioning the luxury yacht market as a key player in the broader maritime ecosystem.

MARKET DRIVERS

Rising Wealth Among Ultra-High-Net-Worth Individuals

The proliferation of ultra-high-net-worth individuals (UHNWIs) across the Asia Pacific region serves as a significant driver for the luxury yacht market. As per Knight Frank, the number of UHNWIs in the region grew by 12% between 2020 and 2022, surpassing all other global regions. This demographic shift has created a burgeoning demand for luxury assets, including yachts, as symbols of status and success. For instance, China’s Hainan Province, often referred to as the "Hawaii of the East," has emerged as a hotspot for yacht ownership due to its favorable tax policies and proximity to affluent coastal cities like Shanghai and Hong Kong. Additionally, financial hubs such as Singapore and Hong Kong have witnessed a surge in yacht-related investments, driven by the region’s robust banking and wealth management sectors. According to the World Wealth Report, over 60% of Asia Pacific UHNWIs prioritize experiential luxury, with yachting being a preferred choice for private retreats and corporate entertainment. The customization options available in luxury yachts, ranging from gourmet kitchens to underwater lounges, further appeal to this discerning clientele. This convergence of wealth accumulation and lifestyle aspirations continues to propel the growth of the luxury yacht market in the region.

Expansion of Marine Tourism Infrastructure

The expansion of marine tourism infrastructure is another pivotal driver fueling the Asia Pacific luxury yacht market. Governments across the region are investing heavily in developing marinas, yacht clubs, and coastal resorts to attract high-net-worth tourists. For example, Malaysia’s Langkawi International Marina has been upgraded to accommodate superyachts, making it a preferred destination for international yacht owners. Similarly, the Philippines’ Boracay Island has introduced luxury yacht charters as part of its premium tourism offerings, drawing visitors from Europe and North America. According to the Asian Development Bank, marine tourism contributes over $50 billion annually to the region’s economy, with luxury yachting playing an increasingly prominent role. Additionally, regional trade agreements, such as the ASEAN Tourism Strategic Plan, emphasize the development of nautical tourism corridors, further boosting demand for luxury yachts. The integration of smart technologies, such as GPS-enabled navigation systems and automated onboard services, enhances the appeal of these vessels for both leisure and business purposes. These developments highlight the symbiotic relationship between marine tourism infrastructure and the burgeoning luxury yacht market.

MARKET RESTRAINTS

High Costs of Ownership and Maintenance

One of the primary restraints affecting the Asia Pacific luxury yacht market is the exorbitant cost of ownership and maintenance. Luxury yachts require substantial financial outlays not only for purchase but also for ongoing expenses such as docking fees, crew salaries, and routine repairs. According to Boat International, annual maintenance costs for a superyacht can range from 10% to 15% of its initial price, making it a prohibitive investment for many potential buyers. Additionally, the lack of skilled crew members in the region exacerbates operational challenges, as training programs for maritime professionals are still underdeveloped in countries like Vietnam and Indonesia. Furthermore, regulatory hurdles, such as stringent environmental compliance standards, add to the financial burden. The International Maritime Organization mandates that luxury yachts adhere to emissions regulations, necessitating costly retrofits or upgrades. These factors collectively discourage first-time buyers and limit market penetration, particularly in emerging economies where disposable incomes are lower compared to developed nations.

Limited Awareness and Cultural Preferences

Another significant restraint impacting the Asia Pacific luxury yacht market is the limited awareness and cultural preferences surrounding yachting as a leisure activity. Unlike Western countries, where yachting has long been ingrained in affluent lifestyles, the concept remains relatively novel in many parts of Asia. According to a study by McKinsey & Company, less than 5% of Asia Pacific UHNWIs currently own or charter luxury yachts, reflecting a lack of familiarity with the benefits and experiences associated with yachting. Additionally, cultural preferences in the region often lean toward land-based luxury assets, such as real estate and automobiles, which are perceived as more practical investments. For instance, in India, traditional values prioritize family-oriented vacations over private yachting excursions, limiting the appeal of luxury vessels. Furthermore, the absence of a strong yachting culture means there are fewer events or communities dedicated to promoting the activity, creating a barrier to widespread adoption. These cultural and awareness-related challenges hinder the growth trajectory of the luxury yacht market in the region.

MARKET OPPORTUNITIES

Emergence of Eco-Friendly Yacht Designs

The emergence of eco-friendly yacht designs presents a transformative opportunity for the Asia Pacific luxury yacht market. With growing concerns about climate change and environmental degradation, manufacturers are developing sustainable alternatives that appeal to environmentally conscious buyers. For instance, solar-powered yachts, such as those designed by Silent-Yachts, offer zero-emission cruising while maintaining the opulence expected of luxury vessels. According to the United Nations Environment Programme, over 70% of Asia Pacific consumers prioritize sustainability in their purchasing decisions, underscoring the potential for green yachts to capture market share. Additionally, governments in the region are incentivizing eco-friendly maritime practices through subsidies and tax breaks. Singapore’s Maritime and Port Authority, for example, offers grants for vessels that meet stringent environmental standards, encouraging yacht owners to adopt sustainable solutions. The integration of advanced materials, such as lightweight composites and recyclable components, further enhances the appeal of eco-friendly yachts. These innovations position the market at the forefront of sustainable luxury, opening new avenues for growth and differentiation.

Growth Of Yacht Charter Services Represents

The growth of yacht charter services represents another lucrative opportunity for the Asia Pacific luxury yacht market. As per Allianz Global Wealth Report, over 40% of Asia Pacific UHNWIs prefer shared or fractional ownership models, which reduce upfront costs while offering flexibility. Yacht charter companies are capitalizing on this trend by expanding their fleets and introducing customizable packages tailored to diverse customer needs. For example, Thailand’s Phuket Yacht Charter has launched themed cruises, including wellness retreats and culinary expeditions, attracting a younger demographic eager to explore unique experiences. Additionally, the rise of digital platforms has streamlined the booking process, enabling customers to reserve luxury yachts with ease. According to a study by PwC, online bookings for yacht charters in the region grew by 25% annually between 2020 and 2022, highlighting the increasing accessibility of these services. By targeting both local elites and international tourists, yacht charter operators are tapping into a rapidly expanding market segment, thereby driving sustained growth in the luxury yacht industry.

MARKET CHALLENGES

Regulatory and Compliance Issues

Regulatory and compliance issues pose a formidable challenge to the Asia Pacific luxury yacht market, particularly given the fragmented nature of maritime laws across the region. Each country has its own set of regulations governing yacht registration, navigation, and environmental standards, creating operational complexities for owners and operators. For instance, Indonesia’s Riau Islands, a popular yachting destination, impose strict permits for foreign-flagged vessels, deterring international yacht owners from exploring the area. According to the International Chamber of Shipping, inconsistent enforcement of maritime laws often leads to delays and additional costs, undermining the seamless experience expected by luxury yacht enthusiasts. Furthermore, the lack of harmonized safety protocols complicates cross-border voyages, as captains must navigate varying requirements for crew certifications and emergency preparedness. These regulatory hurdles not only increase administrative burdens but also deter potential investors from entering the market, thereby impeding its growth trajectory.

Seasonal Demand Fluctuations

Seasonal demand fluctuations represent another critical challenge for the Asia Pacific luxury yacht market, driven by the region’s diverse climatic conditions. Monsoon seasons, typhoons, and extreme weather patterns significantly impact yacht usage, particularly in Southeast Asian countries like the Philippines and Vietnam. According to the Intergovernmental Panel on Climate Change, the frequency and intensity of such weather events are projected to increase, posing risks to both yacht operations and passenger safety. Additionally, cultural festivals and holidays often dictate peak periods for yacht charters, leading to uneven revenue streams throughout the year. For example, Chinese New Year and Diwali celebrations see a surge in bookings, while off-peak months struggle to maintain consistent demand. This seasonality forces operators to adopt aggressive pricing strategies during low-demand periods, eroding profit margins. Moreover, the unpredictability of weather conditions necessitates costly insurance coverage and contingency plans, further straining financial resources. These challenges underscore the need for innovative strategies to mitigate seasonal volatility and ensure sustainable growth in the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

By Yacht Type Insights

Motorized luxury yachts dominate the Asia Pacific market, commanding a significant share of 65%, as per insights from the International Maritime Organization. This segment’s leadership is driven by its versatility and ability to cater to diverse applications, including leisure cruising, corporate events, and marine tourism. A primary factor is the growing preference for motorized yachts among ultra-high-net-worth individuals (UHNWIs), who prioritize speed, comfort, and advanced onboard amenities. According to Knight Frank, over 70% of UHNWIs in the region prefer motorized vessels due to their superior performance in navigating long distances across archipelagos like Indonesia and the Philippines. Additionally, technological advancements, such as hybrid propulsion systems and GPS-enabled navigation, have enhanced the appeal of motorized yachts. For instance, manufacturers like Ferretti Group have introduced eco-friendly motorized models that align with sustainability goals, further boosting demand. Another contributing factor is the expansion of marine infrastructure, such as marinas and fueling stations, which support the operation of motorized yachts. The Asian Development Bank highlights that marine tourism contributes over $50 billion annually to the region’s economy, with motorized yachts playing a pivotal role in this growth.

Sailing luxury yachts are emerging as the fastest-growing segment in the Asia Pacific market, registering a compound annual growth rate (CAGR) of 8.2% through 2030, according to the Global Yachting Association. This growth is fueled by the increasing popularity of eco-conscious lifestyles and the desire for unique, experiential travel. A key driver is the rise of sustainable tourism initiatives, particularly in countries like Thailand and Malaysia, where sailing yachts are perceived as environmentally friendly alternatives to motorized vessels. For example, Silent-Yachts, a pioneer in solar-powered sailing yachts, has seen a surge in demand from affluent buyers seeking zero-emission cruising options. Additionally, the growing interest in regattas and sailing events, such as the Phuket King’s Cup Regatta, has created a niche market for luxury sailing yachts. According to PwC, participation in yacht-related events in the region grew by 15% annually between 2020 and 2022, highlighting the cultural shift toward sailing as a leisure activity. Furthermore, advancements in sail technology, such as carbon fiber masts and automated rigging systems, enhance the performance and appeal of sailing yachts, positioning them as a transformative force in the market.

By Size Insights

The 20 to 50 meters category represents the largest segment in the Asia Pacific luxury yacht market, capturing an estimated 50% of the total share, as outlined by Boat International. This dominance is attributed to the optimal balance of size, functionality, and cost-effectiveness offered by yachts in this range. A primary factor is their suitability for both private ownership and commercial charters, making them highly versatile. For instance, yachts in this size range are often used for corporate retreats and family vacations, appealing to a broad customer base. According to McKinsey & Company, over 60% of first-time yacht buyers in the region opt for vessels in this category due to their manageable operational costs and ease of maintenance. Additionally, the availability of advanced customization options, such as multi-level decks and gourmet kitchens, enhances their appeal to affluent buyers. Countries like Singapore and Hong Kong, with their limited docking spaces, further drive demand for mid-sized yachts that can navigate urban waterways efficiently. These factors collectively reinforce the supremacy of the 20 to 50 meters segment in the market.

Yachts above 50 meters are experiencing the highest growth rate, with a projected CAGR of 9.5% through 2030, as per the International Chamber of Shipping. This growth is propelled by the increasing wealth concentration among ultra-high-net-worth individuals (UHNWIs) and their appetite for exclusivity and opulence. A key driver is the demand for superyachts equipped with state-of-the-art amenities, such as helipads, underwater lounges, and cinemas. For example, China’s Hainan Province, known for its favorable tax policies, has become a hub for superyacht ownership, attracting buyers from mainland China and neighboring regions. Additionally, the rise of eco-friendly designs, such as those incorporating hybrid propulsion systems, appeals to environmentally conscious UHNWIs. According to the United Nations Environment Programme, over 40% of superyacht buyers prioritize sustainability, driving manufacturers to innovate in this segment. Furthermore, the expansion of luxury yacht charters targeting international tourists has created a steady demand for larger vessels capable of hosting high-profile events. These dynamics position the above 50 meters segment as a transformative force in the market.

By Application Insights

Private ownership dominates the Asia Pacific luxury yacht market, capturing approximately 60% of the total share, as highlighted by Allianz Global Wealth Report. This leadership is driven by the region’s growing population of ultra-high-net-worth individuals (UHNWIs), who view yachts as symbols of prestige and success. A primary factor is the cultural shift toward experiential luxury, with affluent buyers prioritizing personalized retreats over traditional assets like real estate. For instance, Australia’s Gold Coast has emerged as a hotspot for private yacht owners, thanks to its scenic waterways and proximity to financial hubs like Sydney and Melbourne. Additionally, government incentives, such as tax breaks for yacht registration, further encourage private ownership. According to the World Wealth Report, over 70% of Asia Pacific UHNWIs invest in luxury assets that offer exclusivity and privacy, making private yachts a preferred choice. The customization options available, ranging from bespoke interiors to advanced entertainment systems, further enhance their appeal to discerning buyers.

The commercial segment is poised to become the fastest-growing application in the Asia Pacific luxury yacht market, with a CAGR of 10.3% through 2030, as per PwC. This rapid expansion is fueled by the growing popularity of yacht charter services among both local elites and international tourists. A key driver is the rise of digital platforms that streamline the booking process, enabling customers to reserve luxury yachts with ease. For example, Thailand’s Phuket Yacht Charter has introduced themed cruises, such as wellness retreats and culinary expeditions, attracting a younger demographic eager to explore unique experiences. Additionally, the integration of smart technologies, such as automated booking systems and real-time tracking, enhances operational efficiency and customer satisfaction. According to the Asian Development Bank, marine tourism contributes over $50 billion annually to the region’s economy, with commercial yacht charters playing an increasingly prominent role. Furthermore, the emergence of fractional ownership models reduces upfront costs, making luxury yachts more accessible to a broader audience. These trends highlight the immense potential of the commercial segment in shaping the future of the market.

COUNTRY ANALYSIS

Top Leading Countries in the Market

China stands as the undisputed leader in the Asia Pacific luxury yacht market, commanding a 25% share, driven by its burgeoning population of ultra-high-net-worth individuals (UHNWIs) and strategic investments in marine tourism. A key factor is the development of Hainan Province as a global yachting hub, supported by favorable tax policies and world-class marinas. According to Credit Suisse, China’s UHNWI population grew by 15% between 2020 and 2022, creating a robust demand for luxury assets like yachts. Additionally, the country’s focus on sustainable tourism has spurred the adoption of eco-friendly yachts, aligning with global environmental trends. The Chinese Ministry of Culture and Tourism reports that marine tourism contributes over $10 billion annually to the economy, underscoring the critical role of luxury yachts in enhancing the sector’s appeal.

Australia ranks second in the Asia Pacific luxury yacht market, holding a 15% share, driven by its extensive coastline and thriving tourism industry. A primary factor is the popularity of destinations like the Gold Coast and Sydney Harbour, which attract both domestic and international yacht enthusiasts. According to Tourism Australia, marine tourism generates over $5 billion annually, with luxury yachts playing a pivotal role in high-end travel experiences. Additionally, the country’s robust maritime infrastructure, including marinas and repair facilities, supports the seamless operation of yachts. The Australian Maritime Safety Authority highlights that over 40% of luxury yacht owners in the region prioritize safety and reliability, reinforcing the country’s reputation as a premier yachting destination.

Thailand commands a 12% share in the Asia Pacific luxury yacht market, driven by its picturesque islands and vibrant marine tourism sector. A key factor is the popularity of destinations like Phuket and Koh Samui, which host prestigious events such as the Phuket King’s Cup Regatta. According to the Thai Marine Department, marine tourism contributes over $3 billion annually to the economy, with luxury yachts serving as a cornerstone of this growth. Additionally, the government’s efforts to develop nautical tourism corridors have enhanced accessibility for international yacht owners. The integration of eco-friendly practices, such as solar-powered yachts, further amplifies the country’s appeal as a sustainable yachting destination.

Singapore holds a 10% share in the Asia Pacific luxury yacht market, driven by its status as a financial hub and gateway to Southeast Asia’s maritime activities. A primary factor is the city-state’s strategic location, which facilitates access to regional yachting hotspots like Malaysia and Indonesia. According to the Maritime and Port Authority of Singapore, over 50% of luxury yacht transactions in Southeast Asia occur in Singapore, underscoring its importance as a trading and service center. Additionally, the country’s stringent safety and environmental standards ensure high-quality services, attracting discerning yacht owners. The Singapore Tourism Board highlights that marine tourism contributes significantly to the economy, further solidifying its market position.

Malaysia accounts for an 8% share in the Asia Pacific luxury yacht market, driven by its diverse archipelagos and growing marine tourism infrastructure. A key factor is the development of Langkawi International Marina, which has been upgraded to accommodate superyachts, making it a preferred destination for international yacht owners. According to the Malaysian Ministry of Tourism, marine tourism contributes over $2 billion annually, with luxury yachts playing a vital role in attracting high-net-worth tourists. Additionally, the country’s focus on sustainable tourism aligns with the increasing demand for eco-friendly yachts, further propelling market growth. These developments highlight Malaysia’s potential as a dynamic player in the luxury yacht industry.

KEY MARKET PLAYERS

Horizon Yacht, Johnson Yacht, Azimut Benetti, Ferretti S.p.A., Sunseeker, Fincantieri Yachts, Oceanco Yacht, Ocean Alexander, Heysea Yachts Company Limited, Gulf Craft Inc, Sanlorenzo Asia, PALM BEACH MOTOR YACHTS, Grand Banks Yachts, Riviera Australia Pty. Ltd., Superyacht Australia. are the market players that are dominating the Asia Pacific yacht market.

Top Players in The Market

Ferretti Group

Ferretti Group is a global leader in the luxury yacht market, renowned for its innovative designs and cutting-edge technology tailored to affluent buyers. The company’s contribution to the global market lies in its ability to deliver bespoke yachts that cater to diverse preferences, from sleek motorized vessels to eco-friendly hybrids. Ferretti’s focus on sustainability is evident in its development of hybrid propulsion systems, aligning with the growing demand for environmentally conscious solutions. By leveraging advanced materials and state-of-the-art amenities, Ferretti ensures its yachts meet the stringent demands of modern UHNWIs. Its commitment to quality and exclusivity has solidified its reputation as a trusted provider, enabling it to maintain a strong foothold in both developed and emerging markets within the Asia Pacific region.

Sunseeker International

Sunseeker International plays a pivotal role in shaping the Asia Pacific luxury yacht market through its robust portfolio of high-performance vessels designed for leisure and adventure. The company’s contributions to the global market stem from its expertise in crafting yachts that combine elegance with functionality, making them ideal for both private ownership and commercial charters. Sunseeker’s emphasis on innovation is reflected in its integration of smart technologies, such as automated navigation systems and energy-efficient designs, ensuring optimal performance while minimizing environmental impact. By fostering partnerships with regional stakeholders and participating in prestigious events like regattas, Sunseeker continues to expand its influence. Its dedication to delivering reliable and luxurious solutions underscores its leadership in advancing the yacht industry.

Azimut-Benetti Group

Azimut-Benetti Group is a prominent player in the Asia Pacific luxury yacht market, known for its customer-centric approach and cutting-edge product offerings. The company’s contributions to the global market are driven by its ability to provide versatile yachts tailored to the unique needs of affluent clients in the region. Azimut-Benetti’s focus on technological advancements, including eco-friendly propulsion systems and customizable interiors, enhances operational efficiency and user convenience. By expanding its manufacturing capabilities and localizing production, Azimut-Benetti ensures timely delivery and customization to meet regional preferences. Its commitment to addressing evolving customer needs highlights its role as a key driver of growth and innovation in the industry.

Top Strategies Used by Key Market Participants

Customization and Personalization

Key players in the Asia Pacific luxury yacht market are increasingly focusing on customization and personalization to cater to the unique preferences of ultra-high-net-worth individuals (UHNWIs). By offering bespoke designs, ranging from interior layouts to advanced entertainment systems, companies ensure their products stand out in a competitive market. This strategy not only enhances customer satisfaction but also reinforces brand loyalty, as buyers seek exclusivity and individuality in their purchases. Additionally, manufacturers collaborate with renowned designers and architects to create one-of-a-kind yachts that reflect the owner’s personality and lifestyle, further differentiating their offerings from mass-produced alternatives.

Expansion into Emerging Markets

Strategic expansion into emerging markets has become a cornerstone for strengthening market positions. Companies are targeting untapped regions, such as Vietnam, Indonesia, and the Philippines, where wealth accumulation and marine tourism are on the rise. By establishing localized service centers and partnerships with regional marinas, manufacturers ensure accessibility and after-sales support for their clientele. This approach not only broadens their customer base but also aligns with government initiatives to promote marine tourism, creating mutually beneficial opportunities. Expanding into these markets allows players to capitalize on the growing demand for luxury yachts while positioning themselves as pioneers in underdeveloped regions.

Adoption of Sustainable Practices

The adoption of sustainable practices is another major strategy employed by key players to align with global environmental trends and appeal to eco-conscious buyers. Manufacturers are investing in eco-friendly technologies, such as hybrid propulsion systems, solar panels, and recyclable materials, to reduce the carbon footprint of their yachts. This shift toward sustainability not only enhances brand reputation but also complies with stringent environmental regulations in the region. By promoting green yachting as a lifestyle choice, companies attract a new demographic of environmentally aware customers, thereby driving demand and fostering long-term growth in the luxury yacht market.

COMPETITION OVERVIEW

The Asia Pacific luxury yacht market is characterized by intense competition, driven by the presence of both global giants and regional players striving to capture market share. Leading companies leverage their technological expertise and extensive distribution networks to maintain dominance, while smaller firms focus on niche segments to carve out their positions. The competitive landscape is shaped by the rapid adoption of advanced technologies, such as hybrid propulsion systems and smart navigation tools, which enhance the appeal of luxury yachts. Innovation plays a central role, with companies investing heavily in R&D to differentiate their offerings. Additionally, collaborations with governments and tourism boards are becoming increasingly common, enabling players to align with regional marine tourism goals. As environmental concerns and regulatory standards grow stricter, manufacturers are compelled to adopt sustainable practices, further intensifying competition. This dynamic environment fosters continuous evolution, with players vying to offer superior quality, exclusivity, and adaptability to meet the diverse needs of the Asia Pacific market.

RECENT HAPPENINGS IN THE MARKET

• In March 2023, Ferretti Group unveiled a new line of eco-friendly luxury yachts equipped with hybrid propulsion systems at the Singapore Yacht Show. This move underscored the company’s commitment to sustainability and its focus on meeting the growing demand for green yachting solutions.
• In May 2023, Sunseeker International partnered with a leading marine tourism operator in Thailand to offer exclusive yacht charter packages for international tourists. This collaboration strengthened Sunseeker’s presence in Southeast Asia and highlighted its ability to deliver tailored experiences for high-net-worth clients.
• In July 2023, Azimut-Benetti Group expanded its service network in Indonesia by opening a new maintenance facility in Bali. This expansion enabled the company to provide timely support and enhance customer satisfaction for its growing clientele in the region.
• In September 2023, Ferretti Group launched a digital platform allowing customers to customize yacht designs online. This innovation streamlined the purchasing process and positioned the company as a leader in adopting technology to enhance customer engagement.
• In November 2023, Sunseeker International participated in the Phuket King’s Cup Regatta, showcasing its latest models and hosting exclusive events for potential buyers. This strategic involvement reinforced its brand visibility and strengthened its ties with the regional yachting community.

MARKET SEGMENTATION

This research report on the Asia Pacific Luxury yacht market is segmented and sub-segmented into the following categories.

By Yacht Type

• Sailing Luxury Yacht
• Motorized Luxury Yacht
• Other Types

By Size

• Up to 20 Meters
• 20 to 50 Meters
• Above 50 Meters

By Application

• Commercial
• Private

By Country

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC