United States Yacht Market Size, Share, and COVID-19 Impact Analysis, By Type (Super Yacht, Sport Yacht, Flybridge Yacht, Long Range Yacht, and Others), By Length (Up To 20 M, 20 To 50 M, and Above 50 M), and United States Yacht Market Insights, Industry Trend, Forecasts to 2035

United States Yacht Market Insights Forecasts to 2035

• The US Yacht Market Size Was Estimated at USD 2676.9 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.6% from 2025 to 2035
• The US Yacht Market Size is Expected to Reach USD 4876.8 Million by 2035

According to a research report published by Spherical Insights & Consulting, The United States Yacht Market Size is anticipated to reach USD 4876.8 Million by 2035, growing at a CAGR of 5.6% from 2025 to 2035. The expansion of the United States yacht market is propelled by increasing demand for leisure activities and rising disposable income.

Market Overview                                                                                                                    

A yacht is a type of recreational watercraft used for pleasure trips, racing, and cruising that is usually larger than a regular boat. This trend is also driven by the emerging luxury travel sector, where high-net-worth individuals look for custom solutions and unique encounters. Manufacturers are responding by adding premium content that improves performance and the consumer experience. The building of yachts has also changed dramatically from wooden products or fibre-reinforced polymers to composite materials with greater corrosion resistance, lower operational costs, and improved strength. Further, their constructions are moving toward electronically controlled fuel injection systems, which offer more flexibility to engines over variable speeds and provide significant reductions in noise, vibration, and emissions in port and coastal areas, and also improved efficiencies in the yacht's propulsion. Although the total cost of personal yacht ownership remains high, the ease of yacht rental has somewhat minimized the significant impact on marine travel and tourism. This sector is further enhanced through improved maritime security systems, tracking technology, connectivity, and disposable incomes. Additionally, the combination of telematics and Internet of Things (IoT) will further maximize the potential in the industry.

Report Coverage

This research report categorizes the market for the United States yacht market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States yacht market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States yacht market.

Driving Factors

The growth of the United States yacht market is boosted by the high-net-worth individuals who are beginning to experience increased discretionary incomes, further stimulating the market for luxury yachts and making them more feasible for a wider array of consumers. Advancements in technology, such as smart yacht features and hybrid technology, are enhancing the boating experience and attracting eco-conscious buyers. Likewise, with the rise of yacht charter operations, buyers are given flexible ownership options, making luxury quality experiences without a commitment to ownership appealing.

Restraining Factors

The United States yacht market faces obstacles like the high acquisition and operating costs often deter potential buyers. Businesses also deal with increased costs and complexity, given the stringent environmental legislation and compliance requirements.

Market Segmentation

The United States yacht market share is classified into type and length.

• The super yacht segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The United States yacht market is segmented by type into super yacht, sport yacht, flybridge yacht, long range yacht, and others. Among these, the super yacht segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven by its decreased maintenance costs, fuel savings from light-wind sailing, and lower moorage rates because of its size. Their attractiveness to users is further increased by the short draft, which permits anchoring in a variety of water depths.

• The 20 to 50 segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the length, the United States yacht market is segmented into up to 20 m, 20 to 50 m, and above 50 m. Among these, the 20 to 50 m segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled by their enormous appeal among wealthy individuals and businesses. The ultimate in luxury and extravagance in the boating industry is superyachts, which are enormous boats that range in length from 80 to more than 600 feet. These are expertly designed to provide unmatched facilities, style, and luxury.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States yacht market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Viking Therapeutics Inc
• Burger Boat Company
• Christensen Shipyards LLC
• Delta Marine Ltd.
• Derecktor Shipyards Conn., LLC
• Hargrave Custom Yachts
• Horizon Yacht USA
• Others

Recent Development

• In April 2024, OneWater Marine has announced its plans to acquire Garden State Yacht Sales, expanding its market presence and enhancing its offerings in the yacht sales industry.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States yacht market based on the following segments:

United States Yacht Market, By Type

• Super Yacht
• Sport Yacht
• Flybridge Yacht
• Long Range Yacht
• Others

United States Yacht Market, By Length

• Up To 20 M
• 20 To 50 M
• Above 50 M