According to the latest report by IMARC Group “United States Luxury Yacht Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The United States luxury yacht market is expected to exhibit strong growth during 2021-2026.
A luxury yacht refers to a professionally crewed marine vessel that is either sailed or motor-driven. It is usually privately owned, chartered or rented by private entities. With an opulent appearance, the luxury yacht is well-equipped with sophisticated facilities, such as sun pads, sauna, gymnasium, jacuzzi and spa, to offer a luxurious experience and high standards of comfort. In the United States, luxury yachts are provided on lease for recreational activities, events and business meetings.