France Yacht Market Size, Share, And COVID-19 Impact Analysis, By Type (Sports Yacht, Cruiser Yacht, Flybridge Yacht), By Size (Up To 50 Meters, 50 To 100 Meters, More Than 100 Meters), and France Yacht Market Insights, Industry Trend, Forecasts to 2033.

France Yacht Market Insights Forecasts to 2033 

• The France Yacht Market size was valued at USD 932.36 Million in 2023.
• The France Yacht Market size is Expected to Grow at a CAGR of around 7.50% from 2023 to 2033. 
• The France Yacht Market size is Expected to Reach USD 1921.63 Million by 2033.  

The France Yacht Market size is predicted to Grow from USD 932.36 Million in 2023 to USD 1921.63 Million by 2033 at a CAGR of 7.50% during the forecast period. This market is driven by luxury tourism, technological advancements, and the growing interest in sustainable and innovative yacht designs.

Market Overview

The French yacht market refers to the business that emphasizes the manufacture and distribution of chartering of yachts, which are recreational boats used for leisure, cruising, or racing. They are frequently hired out for lavish occasions and vacations or owned by wealthy people. Renting a yacht allows individuals and organizations to enjoy the exclusivity and elegance of yachting without having to commit to long-term ownership. Nonetheless, this feature has drawn a wide variety of customers. Few wealthy people will be interested in purchasing these luxury yachts if more and more people start making reservations and learning about yachting, which will encourage the growth of the luxury yacht market. Modern amenities and features including staterooms, roomy cabins, water sports gear, a pantry, and many decks with entertainment areas are all included in the opulent yachts.

Report Coverage

This research report categorizes the France yacht market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the France yacht market. Recent market developments and competitive strategies such as expansion, product launch, and 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 analyzes their core competencies in each sub-segment of the France yacht market.  

Driving Factors

The yacht market in France is propelling due to the growing disposable income and a growing desire for leisure activities. Further, the rising luxury travel industry is another factor driving this development. Beyond that rising tourism sector across France due to its geographical benefits boosts the market growth. In addition, the technology development and its breakthroughs drive market growth. Furthermore, by providing a broad range of yachts to more sophisticated models with more approachable features and according to budgets friendly, which propels the market growth. Additionally, the presence of key market players and their collaboration projects and a considerable group of consumers with high disposable income contribute to the market expansion.

Restraints & Challenges

The France yacht market growth is being impeded by several obstacles such as growing consciousness of sustainability and environmental issues for instance concerning fuel use, carbon emissions, and the effects of marine activities on marine ecosystems. However, ongoing maintenance expenditures, include crew pay, insurance, fuel, repair fees, and docking bills which hammer the market growth.

Market Segmentation

The France yacht market share is classified into type and size.

• The sports yacht segment accounted for a significant share of the France yacht market in 2023 and is expected to grow at a rapid pace over the forecast period.               

Based on type, the France yacht market is categorized into sports yacht, cruiser yacht, and flybridge yacht. Among these, the sports yacht segment accounted for a significant share of the France yacht market in 2023 and is expected to grow at a rapid pace over the forecast period. This is because engagement in sporting events and recreational watercraft is increasing. Further, sport ships provide a wide variety of recreational activities, such as fishing, cruising, sporting competitions, maritime tourism, and other water sports. Moreover, their aerodynamic design, which is defined by streamlined lines that combine excellent performance with contemporary aesthetics which propels the segment growth.

• The up to 50 meters segment accounted for the largest share of the France yacht market in 2023 and is projected to grow at a remarkable CAGR during the forecast period.

Based on the size, the France yacht market is categorized into up to 50 meters, 50 to 100 meters, and more than 100 meters. Among these, the up to 50 meters segment accounted for the largest share of the France yacht market in 2023 and is projected to grow at a remarkable CAGR during the forecast period. This is due to they are utilized for both private and business endeavors. Further, facilities like movie theaters, swimming pools, gyms, and cafeterias are available in this segment, which supports the expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France 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 elaborative 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

• Bella Yacht
• Windward Yachts
• Yacht Sentinel France
• Couach Yachts / IMS
• Groupe Beneteau
• Others

Key Target Audience

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

Key Market Developments

• In July 2024, D-Marin successfully expanded into the French marina market by winning the tender for the Camille Rayon Marina, located in the heart of the Côte d'Azur, France. This marina, strategically positioned on the Mediterranean coast, featured 841 berths and accommodated vessels ranging from 6 meters to 75-meter mega yachts.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France yacht market based on the below-mentioned segments:

France Yacht Market, By Type

• Sports Yacht
• Cruiser Yacht
• Flybridge Yacht

France Yacht Market, By Size

• Up To 50 Meters
• 50 To 100 Meters
• More Than 100 Meters