The new generation of yacht owners is increasingly environmentally conscious, leading to a demand for greener yachts. Diesel-electric hybrid yachts are rapidly increasing in popularity, and millennials are opting for more efficient hull designs to reduce fuel consumption. The next generation of superyachts will take luxury sailing to new levels, with bigger vessels capable of charting remote and treacherous seas while being greener. Financially frugal, environmentally conscious, and highly adventurous, millennial owners will shape the future of yacht sales, new builds, and charters.
The global yachting market is projected to experience steady growth in the coming years, driven by rising affluence and demand for luxury. Yacht Rock, influenced by RBSoul, Jazz, Fusion, Quiet Storm, and Disco music, is a popular genre that influences yacht design. Modern yachts are built with superior style in mind, and their handling characteristics are directly linked to their underwater shapes.
Yachts are classified into several types, depending on their functionality, size, and resistance. Motor yachts operate through engines, while serial yachts are the most common and less expensive way to get to your new dream boat. Today, yachts fall into one of two general categories – sailing yachts and motor yachts. The superyacht industry is being transformed by a new generation of owners as concerned with sustainability as they are with luxury. Classic yachts are older restored and retrofitted vessels used as recreational vessels.
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