The global market for luxury yachts is poised to register steady positive growth in the years to come, according to insightful report by Infiniti Research available at MarketPublishers.com.
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Today, luxury yachts are equipped with modern convenient features like air conditioners (ACs), navigation aids, televisions, radars, autopilot facility, echo-sounding systems and power-generating systems, aid others.
The world’s luxury yachts market keeps to a steady growth trend, spurred by a number of factors, including increasing popularity of recreational events, rising number of luxury marinas, increasing HNWI population and expanding luxury tourism market.
In the modern world, yachts are often viewed as an extension of a status symbol for the HNWIs. This is because yachts fall under the ultra-luxury goods category together with luxury watches, cars and jewelry.
The worldwide luxury yachts market is predicted to increase at a 7.01% CAGR between 2016 and 2020. The major market growth restraints include high operational costs and postponed purchases.
Increasing preference for enhanced technologies to build yachts is recognized as one of the most remarkable trends in the global luxury yachts market.
Top vendors in the luxury yachts market include AMELS, Azimut | Benetti, Feadship, ISA Yacht and Overmarine Group, among others.
In-depth analysis of the global luxury yachts market is available in the in-demand report by Infiniti Research "Global Luxury Yacht Market 2016-2020" available at MarketPublishers.com.