Saudi Arabia Boat and Yacht Market Outlook (2022-2028) | Industry, Revenue, Companies, COVID-19 IMPACT, Trends, Analysis, Size, Forecast, Value, Share & Growth
Market Forcast For Yacht Market By Types (Super Yacht, Flybridge Yacht, Sports Yacht, Long Range Yacht & Others (Mega Yachts)), By Length (Upto 20 metres, 21-50 metres, Above 50 metres), By Propulsion (Motor Yacht, Sailing Yacht) For Boat Market By Types (Inboard Boats, Outboard Boats, Personal Watercraft Boats & Others (Inflatable, Sail Boats), By Applications (Watersports & Fishing), By Power Source (IC Engine, Electric) and competitive landscape
| Product Code: ETC180920 | Publication Date: Mar 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 81 | No. of Figures: 14 | No. of Tables: 8 |
Saudi Arabia Boat and Yacht Market report thoroughly covers market by types, length, applications, power source and propulsion. Saudi Arabia Boat and Yacht Market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Boat and Yacht Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Boat and Yacht Market Synopsis
Saudi Arabia Boat and Yacht market growth was witnessed to be moderate during the period 2018-2021 underpinned by rising tourism in the country. The Saudi Arabian government has placed strong emphasis on infrastructure as a key engine of urban growth, henceforth driving the growth of boat and yacht market in the country. However, the COVID-19 pandemic slowed the market supplies during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain.
According to 6Wresearch, the Saudi Arabia Boat and Yacht Market size is projected to grow at a CAGR of 19.4% during 2022-2028. The primary reason for growth in Saudi Arabia boat and yacht revenue can be attributed to the geographical location and upcoming infrastructure projects such as NEOM, Red Sea project, The Rig, Amaala and many more in the country. Saudi Vision 2030 aims to promote infrastructural development and new laws for private sector establishment. Moreover, the rising per capita income of Saudi Arabia would play a crucial role in improving the demand for luxury and recreational activities, hence boosting the sales of boats and yachts in the country.
Yacht Market By Types Analysis
Within Yachts, Flybridge Yachts acquired more than 34% of the market share in terms of revenue in 2021. This is on account of rise in preference for leisure or recreational activities along with increasing fishing trends in the country. On the basis of propulsion, motor yachts garnered major market revenue share during the year 2021 and is expected to dominate the market over the coming years as well on account of high speed and power, large distance coverage, among others and highly preferred by the people for the advanced systems and equipment installed across the country.
Boat Market By Types Analysis
Within Boats, Outboard Boats acquired more than 44% of market share in terms of revenue in 2021. Owing to growing tourism industry and features such as better speed, low maintenance cost compared to other segments and they are easier to dock along with rising inclination toward outdoor recreational activities in the market.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2028.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Boat and Yacht Market Overview
- Saudi Arabia Boat and Yacht Market Forecast
- Saudi Arabia Boat and Yacht Market Outlook
- Historical Data and Forecast of Saudi Arabia Boat and Yacht Market Revenues, for the Period 2018-2028F
- Historical Data and Forecast of Yacht Market Revenues, By Types, for the Period 2018-2028F
- Historical Data and Forecast of Yacht Market Revenues, By Length, for the Period 2018-2028F
- Historical Data and Forecast of Yacht Market Revenues, By Propulsion, for the Period 2018-2028F
- Historical Data and Forecast of Boat Market Revenues, By Types, for the Period 2018-2028F
- Historical Data and Forecast of Boat Market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of Boat Market Revenues, By Power Source, for the Period 2018-2028F
- Saudi Arabia Boat and Yacht Market Share/Ranking, By Market Players
- Covid-19 Impact on Saudi Arabia Boat and Yacht Market
- Market Drivers and Restraints
- Market Trends
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
For Yacht Market:
- By Types:
- Super Yacht
- Flybridge Yacht
- Sports Yacht
- Long Range Yacht
- Others (Mega Yachts)
- By Length
- Upto 20 metres
- 21-50 metres
- Above 50 metres
- By Propulsion
- Motor Yacht
- Sailing Yacht
For Boat Market:
- By Types:
- Inboard Boats
- Outboard Boats
- Personal Watercraft Boats
- Others (Inflatable, Sail Boats)
- By Applications
- Watersports
- Fishing
- By Power Source
- IC Engine
- Electric
Saudi Arabia Boat And Yacht Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Saudi Arabia Boat & Yacht market revenue is anticipated to record a CAGR of 19.4% during 2021-27.
In Yacht Segment - By Types - Flybridge Yacht has dominated the market revenues owing to rising inclination towards leisure activities along with increasing disposable income in the country, and in Boat Segment – By Types – Outboard Boats has dominated the market revenues on account of rising tourism and developments in autonomous marine technology that has increased the demand for recreational boating in the country.
In Yacht - By Types, Super yacht would register an upward trend in coming years owing to rise in per capita income and rising inclination towards leisure activities for 2022-2028F.
In Boats – By Types - Outboard Boats should be the focal segment as they are used for commercial and recreational purpose and have better speed, cost much less to maintain compared to other variants and are easier to dock for the year 2022-2028F.
The key players of the market include- Ferretti Group, Azimut, Sanlorenzo, Brunswick Boat Group, etc.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Saudi Arabia Boat and Yacht Market Overview |
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3.1. Saudi Arabia Boat and Yacht Market Revenues 2018-2028F |
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3.2. Saudi Arabia Boat and Yacht Market - Industry Life Cycle |
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3.3. Saudi Arabia Boat and Yacht Market - Porter’s Five Forces |
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3.4. Saudi Arabia Boat and Yacht Market Revenue Share, By Type (2021 & 2028F) |
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4. Impact Analysis of Covid-19 on Saudi Arabia Boat and Yacht Market |
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5. Saudi Arabia Boat and Yacht Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraint |
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6. Saudi Arabia Boat and Yacht Market Trends |
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7. Saudi Arabia Yacht Market Overview |
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7.1. Saudi Arabia Yacht Market Revenues (2018-2028F) |
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7.2. Saudi Arabia Yacht Market Revenue Share, By Types (2018 & 2028F) |
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7.2.1 Saudi Arabia Yacht Market Revenues, By Types (2018-2028F) |
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7.2.1.1 Saudi Arabia Super Yacht Market Revenues (2018-2028F) |
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7.2.1.2 Saudi Arabia Flybridge Yacht Market Revenues (2018-2028F) |
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7.2.1.3 Saudi Arabia Sport Yacht Market Revenues (2018-2028F) |
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7.2.1.4 Saudi Arabia Long Range Yacht Market Revenues (2018-2028F) |
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7.2.1.5 Saudi Arabia Other Yacht Market Revenues (2018-2028F) |
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7.3. Saudi Arabia Yacht Market Revenue Share, By Length (2018 & 2028F) |
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7.3.1 Saudi Arabia Yacht Market Revenues, By Length (2018-2028F) |
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7.3.1.1 Saudi Arabia Yacht Market Revenues, By Upto 20 Meters (2018-2028F) |
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7.3.1.2 Saudi Arabia Yacht Market Revenues, By 12-50 Meters (2018-2028F) |
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7.3.1.3 Saudi Arabia Yacht Market Revenues, Above 50 Meters (2018-2028F) |
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7.4. Saudi Arabia Yacht Market Revenue Share, By Propulsion (2018 & 2028F) |
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7.4.1 Saudi Arabia Yacht Market Revenues, By Propulsion (2018-2028F) |
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7.4.1.1 Saudi Arabia Motor Yacht Market Revenues (2018-2028F) |
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7.4.1.2 Saudi Arabia Sailing Yacht Market Revenues (2018-2028F) |
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8. Saudi Arabia Boat Market Overview |
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8.1. Saudi Arabia Boat Market Revenues (2018-2028F) |
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8.2. Saudi Arabia Boat Market Revenue Share, By Types (2018 & 2028F) |
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8.2.1 Saudi Arabia Boat Market Revenues, By Types (2018-2028F) |
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8.2.1.1 Saudi Arabia Inboard Boat Market Revenues (2018-2028F) |
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8.2.1.2 Saudi Arabia Outboard Boat Market Revenues (2018-2028F) |
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8.2.1.3 Saudi Arabia Personal Watercraft Boat Market Revenues (2018-2028F) |
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8.2.1.4 Saudi Arabia Other Boat Market Revenues (2018-2028F) |
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8.3. Saudi Arabia Boat Market Revenue Share, By Application (2018 & 2028F) |
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8.3.1 Saudi Arabia Boat Market Revenues, By Application (2018-2028F) |
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8.3.1.1 Saudi Arabia Boat Market Revenues, By Watersports Application (2018-2028F) |
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8.3.1.2 Saudi Arabia Boat Market Revenues, By Fishing Application (2018-2028F) |
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8.4. Saudi Arabia Boat Market Revenue Share, By Power Source (2018 & 2028F) |
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8.4.1 Saudi Arabia Boat Market Revenues, By Power Source (2018-2028F) |
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8.4.1.1 Saudi Arabia Boat Market Revenues, By IC Engine (2018-2028F) |
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8.4.1.2 Saudi Arabia Boat Market Revenues, By Electric (2018-2028F) |
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9. Saudi Arabia Boat and Yacht Market Key Performance Indicators |
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10. Saudi Arabia Boat and Yacht Market Opportunity Assessment |
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10.1. Saudi Arabia Yacht Market Opportunity Assessment |
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10.1.1 Saudi Arabia Yacht Market Opportunity Assessment, By Types (2028F) |
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10.1.2 Saudi Arabia Yacht Market Opportunity Assessment, By Length (2028F) |
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10.1.3 Saudi Arabia Yacht Market Opportunity Assessment, By Propulsion (2028F) |
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10.2. Saudi Arabia Boat Market Opportunity Assessment |
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10.2.1 Saudi Arabia Boat Market Opportunity Assessment, By Types (2028F) |
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10.2.2 Saudi Arabia Boat Market Opportunity Assessment, By Application (2028F) |
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10.2.3 Saudi Arabia Boat Market Opportunity Assessment, By Power Source (2028F) |
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11. Saudi Arabia Boat and Yacht Market Competitive Landscape |
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11.1. Saudi Arabia Boat and Yacht Market Revenue Ranking, By Company, 2021 |
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11.2. Saudi Arabia Boat and Yacht Market Competitive Benchmarking-OEM, By Operating Parameters |
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12. Company Profile |
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12.1. Azimut Yachts |
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12.2. Brunswick Boat Group |
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12.3. Burgess |
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12.4. Damen |
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12.5. Ferretti Yacht |
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12.6. Gulf Craft |
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12.7. Heesen Group |
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12.8. Princess Yachts |
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12.9. Sanlorenzo |
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12.10. Sunseeker International |
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13. Key Strategic Recommendations |
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14. Disclaimer |
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List of Figures |
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Figure 1. Saudi Arabia Boat and Yacht Market Revenues, 2018-2028F ($ Million) |
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Figure 2. Saudi Arabia Boat and Yacht Market Revenue Share, By Type, 2021 & 2028F |
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Figure 3. Consumer Spending – Saudi Arabia, 2017-2020 (Billion USD) |
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Figure 4. Consumer Spending Per Capita– Saudi Arabia, 2017-2020 (USD) |
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Figure 5. Cost of Maintaining a Super Yacht |
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Figure 6. Saudi Arabia Yacht Market Revenues, 2018-2028F ($ Million) |
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Figure 7. Saudi Arabia Yacht Market Revenue Share, By Types, 2021 & 2028F |
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Figure 8. Saudi Arabia Yacht Market Revenue Share, By Length, 2021 & 2028F |
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Figure 9. Saudi Arabia Yacht Market Revenue Share, By Propulsion, 2021 & 2028F |
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Figure 10. Saudi Arabia Boat Market Revenues, 2018-2028F ($ Million) |
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Figure 11. Saudi Arabia Boat Market Revenue Share, By Types, 2021 & 2028F |
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Figure 12. Saudi Arabia Boat Market Revenue Share, By Application, 2021 & 2028F |
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Figure 13. Saudi Arabia Boat Market Revenue Share, By Power Source, 2021 & 2028F |
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Figure 14. Saudi Arabia Travel and Tourism Market Revenue, 2017-2022E (USD) |
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Figure 15. Saudi Arabia Aquaculture Production, 2012-2020 (Metric Tons) |
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List of Tables |
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Table 1. Tourism in Saudi Arabia, 2022 & 2030F |
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Table 2. Annual Maintenance Cost for Boats |
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Table 3. Saudi Arabia Yacht Market Revenues, By Types, 2018-2028F ($ Million) |
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Table 4. Saudi Arabia Yacht Market Revenues, By Length, 2018-2028F ($ Million) |
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Table 5. Saudi Arabia Yacht Market Revenues, By Propulsion, 2018-2028F ($ Million) |
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Table 6. Saudi Arabia Boat Market Revenues, By Types, 2018-2028F ($ Million) |
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Table 7. Saudi Arabia Yacht Market Revenues, By Application, 2018-2028F ($ Million) |
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Table 8. Saudi Arabia Yacht Market Revenues, By Power Source, 2018-2028F ($ Million) |
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