Middle East is the most Important Superyacht (40 metres and above) Market Globally

Date: 2015-08-13

The Middle East is the most important superyacht (40 metres and above) market globally. The area has the highest propensity to buy a superyacht at approximately 48%, which means that close to 50% of the wealthy residents are exploring the acquisition of this status symbol. This propensity to buy is greater than any other place worldwide.

While conventionally, Western Europe and North America are the major markets for superyachts, the affluence of the Middle East is shifting the industry dynamics towards this region, owing to the larger share of wealthy clientele. Azzam, the largest yacht in the world as well as approximately a third of the other 200 largest yachts internationally are owned by the citizens of the Middle East.

The report ‘Opportunities in the Middle East Yacht Industry’ highlights key drivers of and trends emerging in the Middle East yacht industry. The Initiatives and performance of key players including Sunseeker International, Ferretti Group, Azimut Benetti, Princess Yachts International Plc and Gulf Craft Inc. The current market scenario and future prospects of the sector has also been examined. Emerging yacht markets other than the Middle East have been studied as part of this report. The report contains latest industry-related opinions.

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