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Azimut Benetti SpA; Fr. Lurssen Werft GmbH & Co KG; Damen Shipyards Group NV; Alblasserdam Yachtbuilding BV; and Fincantieri SpA –Prominent Market Participants in Luxury Yacht Market

Yachts of at least 75 feet or above are considered luxury yachts. Based on size, they are called mega yachts or superyachts. Based on mode of operation, luxury yachts are bifurcated into sailing and motorized. Increase in disposable income of individuals across both developed and developing countries and rise in leisure and 121-250 feet activities are fueling the demand for luxury yachts. Additionally, the growing demand for luxury tourism, along with exclusive travel plans and personalized service, from high-net-worth individuals, is further propelling the demand for luxury yachts.
The rise of luxury yacht rental service providers across the globe, owing to the demand for luxury tourism, is also boosting the demand for luxury yachts. Vendors offering luxury yachts on a rental basis include Fun2 Rent, Sailogy S.A., The Mooringsand Incrediblue Limited, and Boatbound Inc. Additionally, the rise in sports activities and the adoption of the same across coastal areas for attracting tourists are expected to increase the demand for luxury sport yachts, thereby contributing to the growth of the global luxury yacht market over the forecast period.

Report: https://www.theinsightpartners.....com/reports/luxury-