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Yacht market could reach $15 billion by 2027

Yacht market could reach $15 billion by 2027

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The yacht market is doing better, so much so that, according to the latest market research by Insights Inc, a turnover of $15 billion is expected by 2027 for the major players operating in the market.

 

A recovery in the yachting market

 

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Despite the negative impact of the coronavirus pandemic on the yacht industry due to travel restrictions, manufacturers have also faced a number of challenges : disruptions to supply channels, unavailability of raw materials and components, and a shortage of skilled labour, all of which resulted in waves of layoffs.

 

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