{
ASSA ABLOY AB (publ)

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}
001122334455554433221100
001122334455554433221100

yacht market poised for growth driven by luxury demand and tourism trends

The yacht market, valued at $8.15 billion in 2021, is projected to grow at a CAGR of 6.0% from 2022 to 2028, driven by rising disposable incomes, increased tourism, and a growing demand for luxury recreation. The sailing segment remains popular due to its adventurous appeal, while the 50-meter yacht segment is expected to see significant growth as affluence rises globally. North America leads the market, supported by high disposable incomes and a strong culture of marine recreation.
Market Research Reporting & Analysis Agency in India
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03:16 03.11.2024
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