The luxury yacht market is set to grow from $5.8 billion in 2020 to $12.8 billion by 2031, fueled by rising ultra-wealthy demand, millennial interest, and cutting-edge technology. With enhanced customization, sustainable innovations, and expanding appeal beyond the elite, yachts now symbolize lifestyle as much as status. As environmental consciousness and personalized travel reshape preferences, luxury yachting continues evolving into a high-end, tech-savvy, and globally aspirational maritime experience.
Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com