A yacht is first defined either as a sailing yacht, motor yacht, or gulet yacht, and then as a sports or luxury yacht.
Sailing Yacht: a yacht mainly propelled via wind and sails
Motor Yacht: a yacht propelled via one or more motors
Gulet Yacht: a hybrid yacht with both sails and motors
Open Yacht, Cruiser, Cabin Cruiser, Express Cruiser: an otherwise uncategorized standard yacht for cruising and entertaining
Luxury Yacht: a yacht that includes high-end finishes and features and the latest in modern performance technology. The term ‘luxury’ can precede any type of yacht, i.e. “luxury motor yacht”, “luxury sailing yacht”, etc.
Sports Yacht: a yacht geared towards fishing, water sports, or cruising with a sleeker design and more powerful motor for faster cruising speeds. The term ‘sports’ can precede other types of yachts as well, i.e. “sports motor yacht”.
Catamaran Yacht: a yacht with two hulls (pontoons) often made of fiberglass that can be used in shallow waters.
Yacht Sizes
Yachts can further be defined as a superyacht or megayacht, depending on their size.
Superyachts are typically 24 meters (78 feet) and above.
Megayachts are typically over 80 meters (260 feet).
Most motor yachts on the market are typically 24 meters (78 feet) or less. There are only a handful of megayachts in the world due to their extravagant price tag.