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  • Yacht Charter Market

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Yacht Charter Market Size, Share & COVID-19 Impact Analysis, By Yacht Type (Motor Yacht, Sailing Yacht, and Others), By Yacht Size (Up to 40m, 40 to 60 m, and Above 60m), By End-use (Leisure, Business, and Others), By Contract Type (Bareboat and Crewed), and Regional Forecasts, 2023-2030

Last Updated: April 29, 2024 | Format: PDF | Report ID: FBI105123

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KEY MARKET INSIGHTS

The global yacht charter market size was valued at USD 7.22 billion in 2022. The market is projected to grow from USD 7.59 billion in 2023 to USD 11.06 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period.

A yacht charter is a service for hiring boats for recreational and leisure purposes. Yachts can be privately owned by individuals or companies or rented for charter. Professionally crewed yachts are equipped with luxurious amenities. These yachts are chartered for corporate and leisure purposes and offer a seamless luxury experience with the highest comfort and standards. Yachts are used for sailing and fishing in some parts of the world, especially in European countries. They offer all the benefits, from great adventures to total relaxation.

OEM constantly develops high-speed and luxury feature yachts to meet the increasing demand for marine tourism and water sports activities. Yacht rental companies also offer convenient booking of charter yachts through online platforms and mobile applications. Therefore, the market is expected to become popular in the coming years.

COVID-19 IMPACT

Decrease in Yacht Charter Demand Amid COVID-19 to Hamper Market Growth

The tourism segment witnessed a decline in growth during 2020 owing to adverse effects on the global tourism industry and a decline in the number of tourists visiting tourist places. The COVID-19 pandemic has severely impacted the travel and tourism industry, especially the yacht charter industry, which has stalled due to the rapid spread of the virus worldwide. This pandemic has caused vast uncertainty in the industry and a panic situation for all the members of the industrial value chain involved in it as they cannot forecast the resuming of the yacht rental business. Industry players are taking steps to overcome the uncertainty created by the pandemic, including safety and precautionary measures in charter contracts. However, people were optimistic that the charter market will recover soon once the pandemic eases. In 2022, the U.S. yacht sales started normalizing after witnessing solid growth in the past two years. In 2022, consumer spending patterns changed from yachting activities to other accessible activities, travel, music concerts, and sporting events.

In Europe, Asia Pacific, Latin America, and the Middle East & Africa, the growth of yacht charter slowed down during 2020 due to uncertainties. However, the market returned to normalcy and will show strong growth over the next few years.

LATEST TRENDS

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Favorable Trends Associated with Marine Tourism and Private Island Resorts to Aid Market Augmentation

Marine tourism has a positive impact on economic growth in several ways. It also earns foreign exchange and contributes to government revenue. It creates jobs and makes an essential contribution to the local economy. In addition, it provides various sociocultural benefits such as strengthening communities and promoting sustainable tourism. Many countries worldwide are developing policies to strengthen the coastal tourism sector due to climate change and environmental degradation.

The maritime policy of the European Union supports the growth of coastal tourism and marine economic activity.

  • For example, in January 2021, the National Oceanic and Atmospheric Administration (NOAA) finalized the Blue Economy Strategy Plan, 2021-2025 to accelerate the growth of the American Blue Economy. This strategy focuses on five divisions, ocean exploration, tourism and recreation, maritime transport, water sports competitiveness, and coastal resilience.

India also plans to develop 78 marine tourist attractions in the coming years. Such initiatives will encourage the growth of marine tourism in the future and thus support market growth.                                         

DRIVING FACTORS 

Growing Popularity of Recreational Yachting and Marine Tourism Activities to Aid Market Expansion

The increasing disposable income of customers and the growing inclination toward marine tourism and leisure activities, such as sailing, are aiding market expansion. Recreational boating has been gaining popularity for the past few years, paving the way for yacht rental services. Moreover, advanced booking systems are permitting customers to charter yachts at the time of booking flight tickets, which is ultimately propelling the growth of the market.

Beneficial government initiatives and programs to boost marine tourism are expected to spur market growth. For example, the Indian government will develop infrastructure and services to support local tourism and port city tours to encourage cruise travel and increase maritime tourists to 1.5 million by 2030-31. The Indonesian government has also updated its maritime tourism policy by abolishing the CAIT license (Indonesian Territorial Customs Authorization). The policy predicts a significant increase in yacht visits to Indonesia, generating over USD 500 million in revenues.

RESTRAINING FACTORS

High Costs of Yacht Charter to Hinder the Market Growth 

Yacht has a base rate or a weekly rate for renting it. The cost of a yacht charter depends on several factors such as the type of yacht, crew required, charter destination, local taxes, and basic costs. Therefore, there is a wide range of basic rates for charters. Additionally, charter rates range from USD 10,000 per week for smaller sailing yachts and catamarans to USD 150,000 per week for the most luxurious motor superyachts. In addition, hidden costs, such as taxes and Value-Added Tax (VAT), insurance, crew gratuities, and meal prepayments, are not mandatory but cost approximately 15-30% of the base fare and are collected before the charter.

For instance, the Bahamas announced a new tax rate of 10% VAT for all foreign-flagged charter yachts. This will be enforced on all charter contracts signed after the 1st of July 2022. This new addition to the 4% charter fee will total an additional 14% cost. It is similar to an expense account the captain can access during the charter. Such cost is a barrier to many developing countries’ customers, further restraining the yacht charter market growth.

SEGMENTATION

By contract type analysis.

Bareboat Segment to Hold a Major Market Share Due to the Privacy Offered 

Based on contract type, the market is segmented into bareboat and crewed. The bareboat segment holds the largest share of the global market in value due to various benefits such as more independence and privacy offered by bareboat compared to crewed boats . A bareboat charter is an arrangement in which an individual charters a vessel and steers the boat without other crew or services. The individual or group renting the boat from the owner is responsible for caring for the boat.

Many bareboat charter companies also offer courses to train a person in basic navigation skills and prepare for the bareboat charter. Sometimes, these companies also offer captain charters. Most chartered bareboat yachts are up to 40 meters in length. People typically rent bareboat yachts for fishing, sporting events, or sailing from one destination to another. Crewed is the fastest-growing segment. Rising demand for superyachts, increasing cruise line participation, and hybrid business models are the factors responsible for growth of this segment.

By Yacht Size Analysis

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Up to 40m Segment to Capture the Largest Market Share Due to Affordability of Small Yacht Charters

Based on yacht size, the market is classified into up to 40m, 40 to 60m, and above 60m. The up to 40m segment accounts for the largest global market share. These yachts can be utilized for both personal activities in competitive and recreational boating activities purposes. The 40m charter has various advantages, including wind sailing capabilities that ensure wind direction and conserve fuel. End-users also favor yachts of up to 40m due to its affordability, low maintenance costs, fixed installation in shallow waters, and ease of use with low mooring costs.

 Rapid urbanization, rising living standards, growing personal disposable incomes, and increasing upper-class population have increased individuals' ability to spend on luxury goods and leisure activities. Therefore, the yacht services market has also seen a significant increase in demand in recent years. Observed trends in yacht construction indicate that the average length of yachts is increasing by 3 cm each year. This is owing to the rising demand for superyachts and mega yachts in most developed countries and the overall surge in tourism in these regions. Therefore, the 40-60m segment is expected to grow significantly, while the above 60m segment exhibited the fastest growth rate during the forecast period.

By Yacht Type Analysis

Motor Yacht Segment Dominates the Market Owing to Demand for Recreational Activities

The market is segmented based on yacht type into motor yacht, sailing yacht, and others.

The motor yacht segment holds the largest share globally and is expected to retain its leading position in the market during the forecast period. This growth can be attributed to the growing demand for motor yachts for personal and recreational activities in various countries worldwide. Motor yachts offer several advantages such as enhanced speed, power, and the ability to cover longer distances in less time. Moreover, motor yachts can be sailed in shallow water, allowing customers to navigate almost all coastlines and narrow and shallow creeks. Furthermore, increasing sporting activities, boating events, and tournaments create high demand for motor yachts.

The sailing yachts segment is expected to show steady growth in the market owing to the growing demand for environment-friendly yachts among people. Fuel emissions are a major pollutant in modern times, and the yacht industry contributes a substantial amount of the same. Moreover, sailing yachts are cheaper than other yachts and can travel more distances than motor yachts.

By End-user Analysis

Leisure Segment to Account for the Largest Market Share Due to the Rising Number of High Net Worth Individuals

The market is further segmented into leisure, business, and others based on end-user.

The leisure segment held the major global market share in 2022 due to increased tourism. The increasing inclination toward luxury cruising drives the yacht rental industry, especially from High-Net-Worth Individuals (HNWI) and Ultra-High Net Worth Individuals (UHNWI) worldwide.

The emergence of new tourist destinations offering luxury cruises and beautiful scenery has encouraged wealthy and ultra-rich people worldwide to discover these tourist destinations. Moreover, leading companies focus more on providing enhanced and extensive luxury cruising for their customers by developing premium features such as infrastructure, internet facilities, and bars and restaurants, which is expected further to boost the yacht industry in the leisure segment.

The business segment is gaining popularity in the market as the yacht business is a simple concept and is structured much like any other profit-earning business. Higher-class individuals or high-tax payers are increasing their investment in yachts and operating them actively for profit through third-party management services or themselves. Significantly, the U.S. buyers who fall under the high-income tax brackets choose this ownership option.

For instance, in April 2020, MYSEA announced its appointment as the Global Charter Central Agent of M/Y FLEUR Yacht with several exceptional facilities such as a retractable roof, Jacuzzis, and outdoor cinema, among others.

REGIONAL INSIGHTS 

Europe Yacht Charter Market Size, 2022 (USD Billion)

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Europe Dominates the Market Due to Well-Established Tourism Industry in the Region

Geographically, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World.

Europe held the largest yacht charter market share in 2022. The region will likely dominate the market due to the high growth of sea tourism and the rising number of tourist destinations. Countries, such as Croatia, Greece, France, Spain, and Italy, are the major tourist destinations. The increasing popularity of fishing activities and water sports and rising number of upper-class individuals are expected to drive the development of the market in the region. European flight bookings, cooperation with online demand for charter service providers, and increased craft permits issued are expected to boost market growth. The region's wealthy population is also likely to drive market growth. 

North America holds the second most important position in the market as the region's diverse coastlines have great cruise destinations. The U.S. ranks first in this regional market due to the presence of major charter hubs in the country.

The Asia Pacific yacht charter market is expected to record the highest CAGR in the coming years. This growth has been attributed to the rapid increase in urbanization, rising living standards, and rising disposable income, leading to the evolution of individual tastes. The growing popularity of recreational activities, such as fishing and water sports, in Thailand, Malaysia, Singapore, China, Japan and Australia, and increasing maritime tourism, present excellent opportunities for yacht hiring companies. Moreover, aggressive government initiatives to develop maritime tourism, especially in countries, such as China and India, are expected to boost market growth.

KEY INDUSTRY PLAYERS

Significant Product Offerings by Dream Yacht Charter to Enhance its Market Prospects

Dream Yacht Charter is the world's leading yacht specialist in charter management, brokerage, and private yacht ownership. Loic Bonnet founded the company in 2000 and is headquartered in Maryland, U.S. The company is a pioneer in providing easy and hassle-free charters, expert advice, and bespoke solutions. The company is well known for offering new sailing destinations and a wide range of charters, including Captain, Bareboat, Sabbatical, Crewed, and Cabined. The company currently owns over 1,000 yachts in around 60 locations worldwide. The company owns some of the world's largest yacht builders, including Dufour, Aquila, and Fontaine Pajot. In 2019, the company launched the MoreWomenAtSea campaign to encourage more women to go to sea and get a sailing education. In February 2020, the company announced a partnership with river cruise specialist Les Canalous to expand and facilitate boat holidays on canals across Europe.

LIST OF KEY COMPANIES PROFILED:

  • Worldwide Boat LLC (U.S.)
  • Dream Yacht Group (U.S.)
  • Northrop & Johnson (France)
  • Sailo Inc. (Monaco)
  • Camper & Nicholsons (Japan)
  • Ocean Independence (Switzerland)
  • Burgess Yachts (U.K.)
  • The Moorings Limited (U.S.)
  • Boatbookings (U.K.)
  • Ritzy Charters LLC (U.S.)

KEY INDUSTRY DEVELOPMENTS:

  • January 2023: Camper & Nicholsons joined Yacht Club de Monaco to consolidate aims to foster innovation and spearhead a sustainable future for the yachting sector. This project brings together key stakeholders from the yachting sector for economic and sustainable growth.
  • January 2023: Ocean Independence added 40m ATLANTIKA and 37m SUD to the Ocean Independence charter fleet. ATLANTIKA now accommodates up to 10 guests in five comfortable suite staterooms and offers entertainment and tranquility split across all decks.
  • September 2022 : The Biograd company Angelina Yacht Charter acquired 85% share in the Split-based charter company Ultra Sailing. With this acquisition, it will be the largest charter company in Croatia. The joint fleet of yachts will reach more than 260 vessels.
  • January 2022 : The new luxury yacht Berg was launched. This will be 55m long and become the first luxury charter yacht to cruise on the Nile. Berge’s charter route cruises between Luxor and Aswan, taking in the scenery of the most famous stretch of river, showcasing architecture and natural beauty.
  • January 2021 : Burgess declared a new partnership with Marine Solutions in India. With this collaboration, Burgess aims to serve its existing clients better and build new relationships in India, enhancing its charter offering in the Indian Ocean.

REPORT COVERAGE

An Infographic Representation of Yacht Charter Market

Yacht Charter Market

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The market research report provides a detailed market analysis and focuses on key aspects such as leading companies, product types, and leading product applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth in recent years.

Report Scope & Segmentation

Frequently asked questions.

Fortune Business Insights research report says that the market was valued at USD 7.22 billion in 2022 and is projected to reach USD 11.06 billion in 2030.

The market is expected to register a CAGR of 5.5% during the forecast period.

Growing popularity of recreational yachting and marine tourism activities will drive the global market growth.

Europe led the market in 2022.

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  • STUDY PERIOD: 2019-2030
  • BASE YEAR: 2022
  • HISTORICAL DATA: 2019-2021
  • NO OF PAGES: 140

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The global yacht charter market size was valued at $7.22 billion in 2022 & is projected to grow from $7.59 billion in 2023 to $11.06 billion by 2030

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Yacht Charter Market

An Analysis of the Yacht Charter Market by Sloop, Schooner, Catamaran and Ketch

Sailing into Uncharted Waters- Exploring the Lucrative Horizons of the Yacht Charter Market

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Yacht Charter Market Outlook (2023 to 2033)

The yacht charter market is estimated to be valued at US$ 19 billion in 2023 and is expected to reach a valuation of US$ 31 billion by 2033. The adoption of yacht charter likely to advance at a CAGR of 5% during the forecast period. Yacht charters accounted for 30-35% share of the global boat market in 2020. Increased interest and spending on recreational activities such as sailing and growing marine tourism is driving yacht charter demand.

Future Market Insights predict a comparison and review analysis of the dynamics of the yacht charter market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints that support industry innovation. Some new advances that have taken place in the market include companies that furnish yachts and give the best itinerary based on clients' needs, complete with crew and captain, as well as online or on-call support for the duration of the charter.

Key reasons for this change in growth rate are attributed to the steady uptake of the market during the first half of the forecast period, owed to the rising customer income and increased interest in maritime tourism, rising disposable income, and quickly evolving preferences for recreational and leisure activities.

In 2022 Northrop & Johnson and NetJets, a private aviation company announced cooperation in February 2022. By offering elevated travel experiences in the sky, on the sea, and everywhere in between, their alliance will give clients a luxurious, pleasant, and memorable travel experience.

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2018 to 2022 Global Yacht Charter Market Outlook Compared To 2023 to 2033 Forecast

The yacht charter market expanded at a CAGR of 4.5% from 2018 to 2022 and amassed revenue worth US$ 17.57 billion in 2022. The yacht charter sector is expanding rapidly. The process of renting or sailboat charter, motorboat charter, boat charter, or ship charter and traveling to various coastal or island areas is known as yacht chartering.

Yacht charters are commonly utilized for recreational, commercial, and holiday purposes. Without owning a yacht, a yacht charter is a handy and easy way to spend a long yacht vacation with friends and family. Yacht charter companies furnish yachts and give the best itinerary based on clients' needs, complete with crew and captain, as well as online or on-call support for the duration of the charter.

Growing popularity of luxury marine tourism and personalized services among passengers is positively impacting the expansion of the yacht charter market. Furthermore, growing tourism industry, rising disposable income, and quickly evolving preferences for recreational and leisure activities will all contribute to the expansion of the yacht charter market over the coming years. Yacht charter demand is expected to increase at a healthy CAGR of 5% from 2023 to 2033. This projected growth rate in yacht charter demand is estimated to net a market valuation of US$ 31 billion by 2033.

Setting Sail to Profit: Yacht Charter Revenue Surges as Maritime Tourism Captures the Imagination of Adventure-Seeking Customers

Rising customer income and increased interest in maritime tourism are likely to fuel the yacht charter business. Recreational boating has become increasingly popular in recent years, opening the path for the growth of yacht charter enterprises.

The marine recreation and entertainment business makes a lot of money from water sports. Sailing, windsurfing, boating, water scooter rides, parasailing, and jet skiing are just a few of the sports accessible along coasts, and they are becoming increasingly popular. The bulk of seaside tourist resorts and hotels now offer such services.

A growing number of holidaymakers are looking for fun activities with their families and friends. As a result, the yacht charter sector is likely to benefit from corporate programs, government programs, and initiatives aimed at promoting maritime tourism.

Sailing into Success: How Boat Shows Transform into Dynamic Hubs for Securing Unforgettable Yacht Bookings

Dealers and businesses have a one-of-a-kind opportunity to gain substantial sales and enhance their brand's market reach during boat shows. As a result, yacht manufacturers are investing a lot of work into showcasing their new yachts at major boat events around the world to boost their visibility among potential buyers and in the industry.

As a result, the yachting industry is growing. There are several advantages to yacht charter bookings at a boat show rather than online. At events, special bargains are frequently available that are not available at other times. To complete a sale, companies are now more inclined to haggle over costs or give reductions. As a result, these factors contribute to the expansion of the yachting industry.

Sailing in Rough Waters: The Impact of High Yacht Charter Costs on the Growth of the Market

The cost of chartering a yacht is determined by several factors, including the charter destination, yacht type, local and cross-border taxes, and basic fees. As a result, rental rates for these charters vary greatly. Aside from that, private yacht rental can cost anywhere from US$ 10,000 per week and sailing yacht cruises to over US$ 200,000 per week for the most luxury charter.

There are also some hidden charges and non-mandatory expenses, such as tax and other charges, allowances, insurance, and crew gratuity, which can range from 15% to 30% of the base price. These expenses represent an impediment for many clients in developing economies, limiting market expansion even further.

Comparative View of Adjacent Markets

Yacht Charter Market:

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Country-wise Insights

Setting sail to success: unraveling the market growth and potential of yacht charters in the united states.

In terms of yacht charters, the United States is the most dominant nation in North America. Customers in the United States prefer to travel in large groups to charter destinations. This is to take advantage of group discounts provided by various yacht charter firms, as well as to cut individual expenditure by pooling expenses.

Consumers in the United States are more interested in yachts that provide comfort rather than performance. Furthermore, because majority of consumers in the country are tech-savvy, yacht charter firms place a premium on supplying clients with yachts that are outfitted with the latest technology, which draws additional customers.

Sailing into Paradise: Thailand's Captivating Beach Destinations Fueling Private Yacht Charter Bookings

In recent years, Thailand has become one of the world's most popular destinations for a yacht charter vacation, and with good reason as visitors from all over the world are eager to see the country's gorgeous vistas. This directly increases private yacht booking services.

Thailand has constantly seen significant demand for leisure activities among visitors, from the magnificent limestone rock formations of Phang Nga Bay and Krabi to the lovely white sand beaches and crystal clear seas of the Phi-Phi Islands for some breathtaking scuba diving.

Tourists from all over the world are drawn to such wonderful destinations, which encourage them to spend their vacations with their families and friends. This is likely to increase demand for yacht charters in Thailand.

Category-wise Insights

Sailing towards success: unveiling the transformative role of the retail segment in fueling yacht charter demand.

Due to growing tourism, the retail segment is projected to hold a significant proportion of the global market in terms of volume and value. Growing popularity of luxury cruising, particularly among high-net-worth people and ultra-high net worth individuals around the world, is driving the yacht charter sector.

New tourist locations that provide luxury cruises and breathtaking landscapes have enticed wealthy and ultra-wealthy people from all over the world to visit them. Furthermore, by expanding premium amenities such as infrastructure, Internet facilities, and bars and restaurants, companies are focusing more on delivering enhanced and expanded luxury cruises for their customers, which is predicted to grow the yacht charter industry in the retail segment.

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Setting Sail with Excellence: Navigating the Dynamic Waters of the Yacht Charter Market's Competitive Landscape

The competitive landscape of the yacht charter market is characterized by a dynamic and diverse environment. Key players in the industry strive to differentiate themselves through superior service, an extensive fleet of well-maintained yachts, global presence, and personalized experiences. Innovation plays a crucial role as companies invest in state-of-the-art technology, eco-friendly practices, and unique onboard amenities to attract discerning clients.

Partnerships with luxury brands, travel agencies, and concierge services further enhance the competitive edge. A strong online presence, effective marketing strategies, and a focus on customer satisfaction are essential for success in this highly competitive market. With continuous advancements and evolving consumer preferences, the competitive landscape of the yacht charter market remains vibrant, driving innovation and raising the standards for unparalleled luxury experiences.

Key Players in the Market

  • Northrop & Johnson
  • Yachtico Inc.
  • Sailogy S.A.
  • Ionian Catamarans
  • Royal Yacht International
  • Princess Yacht Charter
  • Barrington Hall Yacht Charters
  • Zizooboats GmbH

How can Yacht Charter Service Providers expand in the Market?

Strategies for Yacht Charter Manufacturers to Expand in the Market

  • Offer a wide range of yacht options, including different sizes, styles, and amenities, to cater to various client preferences.
  • Incorporate environmentally friendly technologies and practices in yacht manufacturing to attract eco-conscious clients and align with industry trends.
  • Collaborate with luxury brands, travel agencies, and charter brokers to expand reach and gain access to new customer segments.
  • Focus on personalized services, onboard amenities, and exceptional hospitality to provide memorable experiences that encourage repeat business and positive word-of-mouth.
  • Invest in a robust online presence, utilize social media platforms, and partner with reputable online booking platforms to reach a wider audience and simplify the booking process for potential clients.

Product Portfolio

  • Barrington Hall Yacht Charters offers a comprehensive product portfolio in the yacht charter market. Their offerings include a diverse range of luxury yachts for charter, tailored itineraries, personalized concierge services, and professional crew to ensure an exceptional and memorable yacht charter experience.
  • Zizooboats GmbH provides a versatile product portfolio in the boating industry. Their offerings include a wide selection of boats for sale and charter, ranging from motorboats to sailing yachts. With a focus on quality, innovation, and customer satisfaction, Zizooboats GmbH caters to diverse boating enthusiasts, providing them with unparalleled experiences on the water.

Report Scope

Market segmentation, by sailing yachts:, by motor yachts:.

  • Displacement Type
  • Semi-displacement
  • Small (up to 30m) Yachts
  • Medium (30m-50m) Yachts
  • Large (over 50m) Yachts

By Consumer:

  • Corporate Yacht Charters
  • Family/Group
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • Middle East & Africa

Frequently Asked Questions

How big is the yacht charter market.

The net worth of the market is expected to be US$ 19 billion by 2023.

Is the Yacht Charter Market Growing?

The yacht charter market is expanding at a CAGR of 5% through 2033.

Which Trend is Emerging in the Yacht Charter Industry?

The surfacing trend of “workation” charters in the yacht charter industry unites luxury travel with remote work.

Which Opportunities are Emerging in the Yacht Charter Industry?

The emergence of themed charters like wellness retreats and culinary experiences are cropping up new opportunities in the market.

Which is the Top Consumer of Yacht Charter?

The retail segment is the top consumer of yacht charters.

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Yacht Charter Market

Global Yacht Charter Market to Grow at a CAGR of 12.2% During 2024-2032, Aided by the Increasing Inclination towards Sea Exploration Activities

Yacht Charter Market

Global Yacht Charter Market Size, Trends, Forecast: By Size: Small (Up to 30m), Medium (30m-50m), Large (Over 50m); By Type: Motor Yacht, Sailing Yacht, Other Yacht; By Application: Vacation/ Leisure, Sailing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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Global Yacht Charter Market Outlook

The global yacht charter market stood at a value of around USD 19.78 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.2% to reach USD 55.69 billion by 2032.

Yacht Charter Market

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Increasing Demand for Motor Yachts to Aid the the Global Yacht Charter Industry

Motor yachts are extremely powerful and fast and are capable of covering greater distances in less time. In addition, some notable advantages of motor yacht include enhanced privacy, high aesthetic appeal, and technological advances compared to their counterparts. Motor yachts help reduce crew expenditure as they are easier to operate and do not require prior expertise. Moreover, they are capable of entering shallow places such as in marinas and small bays. Therefore, in the forecast period, motor yachts are likely to attract more customers, thereby propelling the yacht charter industry  growth.

Europe Accounts for a Significant Share in the Market

The market in Europe is being driven by the presence of several luxury yacht charter destinations, coupled with the growing tourism industry in the region. In Europe, the major seas include Atlantic Ocean, the Mediterranean Sea, and Baltic Sea, among others. In addition, the growing interest among the business class population to experience unique and exciting sailing activities is anticipated to aid the market in the forecast period. Moreover, countries like Spain, Greece, Croatia, and Sweden, among others, are marine tourism hot spots, which attract large number of tourists every year.

Yacht Charter: Market Segmentation

Yacht chartering is defined as the practice of renting a yacht for leisure, business, or vacation activities. Yacht charter firms provide convenience to the clients by offering crew, captain, online and offline support, and emergency numbers. Yacht charter eradicates the need for owning a yacht for going out on holidays or for recreational activities.

Yacht Charter Market by Segment

Based on size, the market can be segmented into:

  • Small (Up to 30m)
  • Medium (30m-50m)
  • Large (Over 50m)

On the basis of type, the market has been divided into:

  • Motor Yacht
  • Sailing yacht
  • Other Yacht

The significant applications included in the market report are as follows:

  • Vacation/ Leisure

The regional markets for yacht charter include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Yacht Charter Market by Region

Increasing Inclination towards Marine Tourism and Sea Exploration Activities to Boost the Growth of the Yacht Charter Industry

The global yacht charter industry is being driven by the increasing inclination towards marine tourism and sea exploration activities owing to the rising consumer disposable incomes and increasing standards of living. There is an increase in the number of families opting for leisure trips and vacation. Further, attractive holiday plans being introduced by yacht charter firms are anticipated to aid the market. In addition to this, the growing trend of online booking, which reduces the complexity of documentation and renting process is likely to be a major driving factor for the market in the forecast period. Moreover, the favourable government initiatives aimed at supporting the marine tourism industry are anticipated to provide impetus to the market. Furthermore, the increasing efforts of key industry players to offer advanced and luxurious facilities to their clients to bolster their vocational experience are anticipated to further invigorate the market in the forecast period.

Key Industry Players in the Global Yacht Charter Market

The report gives a detailed analysis of the following key players in the global yacht charter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Charter Yachts Australia
  • Princess Yachts Limited
  • Sailogy S.A.
  • Yachtico Inc.
  • Northrop & Johnson Inc.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 2    Report Coverage – Key Segmentation and Scope 3    Report Description     3.1    Market Definition and Outlook     3.2    Properties and Applications     3.3    Market Analysis     3.4    Key Players 4    Key Assumptions 5    Executive Summary     5.1    Overview     5.2    Key Drivers     5.3    Key Developments     5.4    Competitive Structure     5.5    Key Industrial Trends 6    Snapshot     6.1    Global     6.2    Regional 7    Opportunities and Challenges in the Market 8    Global Yacht Charter Market Analysis     8.1    Key Industry Highlights     8.2    Global Yacht Charter Historical Market (2018-2023)      8.3    Global Yacht Charter Market Forecast (2024-2032)     8.4    Global Yacht Charter Market by Size         8.4.1    Small (Up to 30m)             8.4.1.1    Historical Trend (2018-2023)             8.4.1.2    Forecast Trend (2024-2032)         8.4.2    Medium (30m-50m)             8.4.2.1    Historical Trend (2018-2023)             8.4.2.2    Forecast Trend (2024-2032)         8.4.3    Large (Over 50m)             8.4.3.1    Historical Trend (2018-2023)             8.4.3.2    Forecast Trend (2024-2032)     8.5    Global Yacht Charter Market by Type          8.5.1    Motor Yacht             8.5.1.1    Historical Trend (2018-2023)             8.5.1.2    Forecast Trend (2024-2032)         8.5.2    Sailing Yacht             8.5.2.1    Historical Trend (2018-2023)             8.5.2.2    Forecast Trend (2024-2032)         8.5.3    Other Yacht     8.6    Global Yacht Charter Market by Application          8.6.1    Vacation/ Leisure             8.6.1.1    Historical Trend (2018-2023)             8.6.1.2    Forecast Trend (2024-2032)         8.6.2    Sailing             8.6.2.1    Historical Trend (2018-2023)             8.6.2.2    Forecast Trend (2024-2032)         8.6.3    Others     8.7    Global Yacht Charter Market by Region                8.7.1    North America             8.7.1.1    Historical Trend (2018-2023)              8.7.1.2    Forecast Trend (2024-2032)         8.7.2    Europe             8.7.2.1    Historical Trend (2018-2023)              8.7.2.2    Forecast Trend (2024-2032)         8.7.3    Asia Pacific             8.7.3.1    Historical Trend (2018-2023)              8.7.3.2    Forecast Trend (2024-2032)         8.7.4    Latin America             8.7.4.1    Historical Trend (2018-2023)              8.7.4.2    Forecast Trend (2024-2032)         8.7.5    Middle East and Africa             8.7.5.1    Historical Trend (2018-2023)              8.7.5.2    Forecast Trend (2024-2032) 9    North America Yacht Charter Market Analysis     9.1    United States of America          9.1.1    Historical Trend (2018-2023)          9.1.2    Forecast Trend (2024-2032)     9.2    Canada         9.2.1    Historical Trend (2018-2023)          9.2.2    Forecast Trend (2024-2032) 10    Europe Yacht Charter Market Analysis     10.1    United Kingdom         10.1.1    Historical Trend (2018-2023)          10.1.2    Forecast Trend (2024-2032)     10.2    Germany         10.2.1    Historical Trend (2018-2023)          10.2.2    Forecast Trend (2024-2032)     10.3    France         10.3.1    Historical Trend (2018-2023)          10.3.2    Forecast Trend (2024-2032)     10.4    Italy         10.4.1    Historical Trend (2018-2023)          10.4.2    Forecast Trend (2024-2032)     10.5    Others 11    Asia Pacific Yacht Charter Market Analysis     11.1    China         11.1.1    Historical Trend (2018-2023)          11.1.2    Forecast Trend (2024-2032)     11.2    Japan         11.2.1    Historical Trend (2018-2023)          11.2.2    Forecast Trend (2024-2032)     11.3    India         11.3.1    Historical Trend (2018-2023)          11.3.2    Forecast Trend (2024-2032)     11.4    ASEAN         11.4.1    Historical Trend (2018-2023)          11.4.2    Forecast Trend (2024-2032)     11.5    Australia         11.5.1    Historical Trend (2018-2023)          11.5.2    Forecast Trend (2024-2032)     11.6    Others 12    Latin America Yacht Charter Market Analysis     12.1    Brazil         12.1.1    Historical Trend (2018-2023)          12.1.2    Forecast Trend (2024-2032)     12.2    Argentina         12.2.1    Historical Trend (2018-2023)          12.2.2    Forecast Trend (2024-2032)     12.3    Mexico         12.3.1    Historical Trend (2018-2023)          12.3.2    Forecast Trend (2024-2032)     12.4    Others 13    Middle East and Africa Yacht Charter Market Analysis     13.1    Saudi Arabia         13.1.1    Historical Trend (2018-2023)          13.1.2    Forecast Trend (2024-2032)     13.2    United Arab Emirates         13.2.1    Historical Trend (2018-2023)          13.2.2    Forecast Trend (2024-2032)     13.3    Nigeria         13.3.1    Historical Trend (2018-2023)          13.3.2    Forecast Trend (2024-2032)     13.4    South Africa         13.4.1    Historical Trend (2018-2023)          13.4.2    Forecast Trend (2024-2032)     13.5    Others 14    Market Dynamics     14.1    SWOT Analysis         14.1.1    Strengths         14.1.2    Weaknesses         14.1.3    Opportunities         14.1.4    Threats     14.2    Porter’s Five Forces Analysis         14.2.1    Supplier’s Power         14.2.2    Buyer’s Power         14.2.3    Threat of New Entrants         14.2.4    Degree of Rivalry         14.2.5    Threat of Substitutes     14.3    Key Indicators for Demand     14.4    Key Indicators for Price 15    Competitive Landscape     15.1    Market Structure     15.2    Company Profiles          15.2.1    Charter Yachts Australia             15.2.1.1    Company Overview             15.2.1.2    Product Portfolio             15.2.1.3    Demographic Reach and Achievements             15.2.1.4    Certifications         15.2.2    Princess Yachts Limited             15.2.2.1    Company Overview             15.2.2.2    Product Portfolio             15.2.2.3    Demographic Reach and Achievements             15.2.2.4    Certifications         15.2.3    Sailogy S.A.             15.2.3.1    Company Overview             15.2.3.2    Product Portfolio             15.2.3.3    Demographic Reach and Achievements             15.2.3.4    Certifications         15.2.4    Yachtico Inc.             15.2.4.1    Company Overview             15.2.4.2    Product Portfolio             15.2.4.3    Demographic Reach and Achievements             15.2.4.4    Certifications         15.2.5    Northrop & Johnson Inc.             15.2.5.1    Company Overview             15.2.5.2    Product Portfolio             15.2.5.3    Demographic Reach and Achievements             15.2.5.4    Certifications         15.2.6    Others 16    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Yacht Charter Market: Key Industry Highlights, 2018 and 2032 2.    Global Yacht Charter Historical Market: Breakup by Size (USD Billion), 2018-2023 3.    Global Yacht Charter Market Forecast: Breakup by Size (USD Billion), 2024-2032 4.    Global Yacht Charter Historical Market: Breakup by Type (USD Billion), 2018-2023 5.    Global Yacht Charter Market Forecast: Breakup by Type (USD Billion), 2024-2032 6.    Global Yacht Charter Historical Market: Breakup by Application (USD Billion), 2018-2023 7.    Global Yacht Charter Market Forecast: Breakup by Application (USD Billion), 2024-2032 8.    Global Yacht Charter Historical Market: Breakup by Region (USD Billion), 2018-2023 9.    Global Yacht Charter Market Forecast: Breakup by Region (USD Billion), 2024-2032 10.    North America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 11.    North America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 12.    Europe Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 13.    Europe Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 14.    Asia Pacific Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 15.    Asia Pacific Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 16.    Latin America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 17.    Latin America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 18.    Middle East and Africa Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 19.    Middle East and Africa Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 20.    Global Yacht Charter Market Structure

What was the global yacht charter market size in 2023?

In 2023, the global yacht charter market attained a value of nearly USD 19.78 billion.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 12.20% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 55.69 billion by 2032.

What are the major industry drivers?

The major drivers of the market include the increasing popularity of marine tourism and sea exploration activities, growing efforts by the major yacht charter firms to enhance the experience of clients, rising disposable incomes, and increasing awareness about luxury yacht charter destinations.

What are the key industry trends of the global yacht charter market?

The changing preference of clients towards online booking, which brings convenience and reduces the complexity of documentation, is expected to be a key trend guiding the growth of the industry.

What are the major regional markets of yacht charter, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major sizes based on which the market has been segmented?

Small (up to 30m), medium (30m-50m), and large (over 50m) are the major sizes based on which the market has been segmented.

What are the different yacht types considered in the market report?

Motor yacht, sailing yacht, and others are the different types considered in the market report.

What are the different applications considered in the market report?

Vacation/ leisure, and sailing, among others are the different applications of yacht charter.

Who are the key industry players, according to the report?

The major players in the industry are Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

The global yacht charter market attained a value of USD 19.78 billion in 2023, driven by the increasing demand for travel and leisure among the working-class population, rising standards of living, and emergence of online booking system. Aided by the favourable government policies aimed at bolstering the marine tourism sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.20%. The market is projected to reach USD 55.69 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on size, the market is divided into small (up to 30m), medium (30m-50m), and large (over 50m). On the basis of type, the market is divided into motor yacht, sailing yacht, and other yacht. The significant applications included in the market report are vacation/ leisure, and sailing, among others. The major regional markets for yacht charter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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Global Yacht Charter Market – Industry Trends and Forecast to 2028

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Global Yacht Charter Market, By Type (Sailing Yacht, Motor Yacht), Length (Up To 20 Ft., 20 To 50 Ft., Above 50 Ft.), Contract Type (Bareboat Charter, Crewed Charter), Customer Type (Corporate, Retail, Others), Application (Vacation/Leisure, Sailing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.

Market Analysis and Insights : Global Yacht Charter Market

Yacht charter market size is valued at USD 9,859.48 million by 2028 expected to grow at a compound annual growth rate of 5.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on yacht charter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Yacht charting chiefly represents the practice of taking a yacht on rent for the traveling purpose to any island destinations as it present all the fulsome comforts anyone would desire for. They are usually hired for holidays and corporate functions. Crewed and bareboat are the two important types of charters and are also used for sailing reasons.

The yacht charter market has a huge potential to grow over the forecast period of 2021 to 2028, due to the increasing participation of people in competitive and recreational boating activities across the globe. In addition, rising preference among travelers for luxury marine tourism and personalized services is also largely influencing the growth of the yacht charter market. Also the increasing corporate tourism activity is another driver flourishing the demand of yacht charter market, which in turn is raising the growth of the target market. Additionally, the flourishing tourism sector, rising disposable income and rapidly shifting inclination of people towards recreational and leisure activities will also boost the growth of the yacht charter market in the above mentioned forecast period. Likewise, the high adoption of sailing vacations by wealthy consumers will also forward the product demand.

However, the high cost associated with yacht charter as well as flag state rules and regulatory uncertainties will act as market restraints for yacht charter in the forecasted period of 2021 to 2028, whereas the cross-border operations have the potential to challenge the growth of the market.

In addition, the rising trend of luxury travel along with increasing popularity of yacht charters for corporate events and business affairs will further offer various growth opportunities for the yacht charter market in the above mentioned forecast period.

This yacht charter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on yacht charter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Yacht Charter Market Scope and Market Size

Yacht charter market is segmented on the basis of type, length, contract type, customer type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, the yacht charter market is segmented into sailing yacht and motor yacht. Sailing yacht has further been segmented into sloop, schooner, catamaran and ketch. Motor yacht has further been segmented into displacement type, semi-displacement, planning, catamaran and trimaran.
  • On the basis of length, the yacht charter market is segmented into up to 20 ft., 20 to 50 ft., and above 50 ft.
  • Based on contract type, the yacht charter market is segmented into bareboat charter and crewed charter.
  • On the basis of customer type, the yacht charter market is segmented into corporate , retail and others. Retail has further been segmented into individual, family/group and couple.
  • The application of the yacht charter market is segmented into vacation/leisure, sailing and others

Yacht Charter Market Country Level Analysis

Yacht charter market is analyzed and market size, volume information is provided by country, type, length, contract type, customer type and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

Europe leads the yacht charter market owing to increasing popularity of water adventures and fishing activities and the rising number of high-net-worth individuals in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the enhanced standard of living owing to a increase in disposable income as well as the rising government initiatives for the growth of tourism activities in countries such as India and China within this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Yacht Charter Market Share Analysis

Yacht charter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to yacht charter market.

The major players covered in the yacht charter report are Zizooboats GmbH, Yachtico, Inc., BURGESS, Boatsetter, Nautal, NORTHROP & JOHNSON, Martello Yachting & Company, Super Yacht Logistics, Yacht Charter Fleet, Sunseeker Charters., West Coast Marine Yacht Services Pvt. Ltd., THE MOORINGS, Sunsail Limited, Kiriacoulis Group of Companies, Boat International Media Ltd., EDMISTON, BENETEAU, CharterWorld LLP, Yachtcharter – Connection, and Fraser, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Yacht Charter Market

Yacht charter market report by type (motor yacht, sailing yacht), length (up to 20 ft, 20 to 50 ft, above 50 ft), contract type (bareboat charter, crewed charter), and region 2024-2032.

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Market Overview:

The global yacht charter market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.

Yacht charter refers to the process of renting a motor- or sail-driven marine vessel for recreational or commercial purposes. These services are typically used for traveling to various coastal areas without owning a yacht. These privately or company-owned yachts that are offered on a rental basis consist of luxury facilities within the vessel, such as professional crews, captains, and online or on-call support. Several charter companies also furnish yachts and provide a detailed itinerary based on the requirements of their clients. As a result, they find immense applications in luxury marine tourism and recreational boating.

Global Yacht Charter Market

Yacht Charter Market Trends:

The market is primarily driven by significant growth in the marine tourism sector. Along with this, the rising preference for personalized services in tourism activities is providing an impetus to the market. In line with this, the increasing participation of the masses in recreational and competitive boating activities across the globe is providing a thrust to the demand for yacht charters. Moreover, the inflating per capita income levels and the growing inclination toward luxury trips across exotic locations are favorably impacting the market. Besides this, numerous key players are offering online services for yacht chartering to their customers, which are gaining widespread prominence among individuals. Besides this, continual improvements in yacht infrastructure, including the adoption of hybrid business models, are further creating a positive outlook for the market on the global level. Some of the other factors that are contributing to the market include the escalating popularity of fishing and water sports and the increasing usage of renewable energy as the primary fuel in various marine vehicles, including yachts, due to an enhanced focus on sustainable development among the masses.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global yacht charter market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, length and contract type.

Breakup by Type:

  • Motor Yacht
  • Sailing Yacht  

Breakup by Length:

  • Up To 20 Ft
  • 20 To 50 Ft
  • Above 50 Ft  

Breakup by Contract Type:

  • Bareboat Charter
  • Crewed Charter  

Breakup by Region:

United States

  • South Korea

United Kingdom

  • Middle East and Africa  

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Boat International Media Ltd, Boatsetter Inc., Kiriacoulis Mediterranean, MarineMax Inc, Martello Yachting & Company, Nautal (Click&Boat), OceanBlue Logistics Limited, Sunsail Limited (TUI Group), Sunseeker International Ltd., The Moorings, YACHTICO INC. and Zizooboats GmbH.

Report Coverage:

Key questions answered in this report.

The global yacht charter market was valued at US$ 8.5 Billion in 2023.

We expect the global yacht charter market to exhibit a CAGR of 7% during 2024-2032.

The rising consumer inclination towards personalized services in tourism activities and luxury trips across exotic locations is primarily driving the global yacht charter market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various recreational activities, thereby negatively impacting the global market for yacht charters.

Based on the type, the global yacht charter market can be categorized into motor yacht and sailing yacht. Currently, motor yacht accounts for the majority of the global market share.

Based on the length, the global yacht charter market has been segregated into up to 20 ft, 20 to 50 ft, and above 50 ft. Among these, 20 to 50 ft currently holds the largest market share.

Based on the contract type, the global yacht charter market can be bifurcated into bareboat charter and crewed charter. Currently, crewed charter exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global yacht charter market include Boat International Media Ltd, Boatsetter Inc., Kiriacoulis Mediterranean, MarineMax Inc, Martello Yachting & Company, Nautal (Click&Boat), OceanBlue Logistics Limited, Sunsail Limited (TUI Group), Sunseeker International Ltd., The Moorings, YACHTICO INC., and Zizooboats GmbH.

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Yacht Charter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)- Product Image

Yacht Charter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • Region: Global
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  • ID: 5394181
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Key Market Trends

Augmentation in fleet size by key players is propelling the market growth.

  • In February 2022, Imperial Yacht announced that with the collaboration of Amels and Damen Yachting, the launch of Project AMELS 242-07 is scheduled to be delivered this summer.
  • In March 2021, Imperial Yacht announced the signing of a new 100-meter project, Project Titanium, in collaboration with The Italian Sea Group, the parent company of Admiral Yachts. Project Titanium, which is scheduled to be delivered in 2025.
  • In May 2021, Northrop & Johnson announced closing deals, including the 120-foot (37m) Benetti motor yacht TANUSHA, two Pershing yachts LOUNOR, and AMJU, the 130-foot (39.7m) classic superyacht ARIONAS from Lürssen.

Europe and North America are Anticipated to Lead the Market

Competitive landscape.

  • In February 2022, Northrop & Johnson made a partnership with NetJets. This partnership will provide customers with luxurious, comfortable, and memorable travel experiences.
  • In May 2021, Ocean Independence announced the addition of SOULMATE to the Ocean Independence charter fleet. SOULMATE is an award-winning 34m Dreamline superyacht that combines an elegant Italian interior with comfort and safety.
  • In May 2020, Ocean Independence announced that it added 44m Burger motor yacht PURE BLISS to its charter fleet. This seven-stateroom superyacht can accommodate 12 guests, with exceptional features, such as elevator access up to three decks and a great range of water sports toys.

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Dream Yacht Charter
  • Asta Yachting
  • OceanBLUE Yachts Ltd
  • Simpson Marine
  • Ocean Independence
  • Imperial Yachts
  • Northrop and Johnson
  • Travel And Tourism

Yacht Charter Global Market Report 2024 - Product Image

Yacht Charter Global Market Report 2024

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Global Yacht Charter Market by Length (20 to 50 ft., Above 50ft, Up to 20ft.), Type (Motor Yacht, Sailing Yacht), Contract Type - Forecast 2024-2030 - Product Image

Global Yacht Charter Market by Length (20 to 50 ft., Above 50ft, Up to 20ft.), Type (Motor Yacht, Sailing Yacht), Contract Type - Forecast 2024-2030

Global Yacht Charter Market Report by Type, Length, Contract Type, and Region 2024-2032 - Product Image

Global Yacht Charter Market Report by Type, Length, Contract Type, and Region 2024-2032

Yacht Charter Market By SIZE, By TYPE, By APPLICATION: Global Opportunity Analysis and Industry Forecast, 2024-2032 - Product Image

Yacht Charter Market By SIZE, By TYPE, By APPLICATION: Global Opportunity Analysis and Industry Forecast, 2024-2032

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Yacht Charter Market

Global yacht charter industry analysis, size, share, growth, trends, regional outlook, and forecast 2021-2027 - (by yacht type coverage, yacht sub-type coverage, yacht size coverage, yacht usage coverage, by geography, leading companies).

Published Date: Jul 2021 | Format: | No. of Pages: 122

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Yacht Charter Market Outlook

Growing Fondness for Sailing Vacations to Boost Global Yacht Charter Market Growth

The global yacht charter market is expected to rise due to an upswing in leisure activities, as tourism becomes the new form of consumerism. Appealing to such a wide range of people - young and old alike, rich and the ones of budgets, the yacht charter market is expected to witness an exponential rise. Inclusive of catering, detailed itinerary, and equipped with entertainment, chartering a yacht has become a new form of vacationing. As the market lures in varied age groups, the  global yacht charter market is pegged to rise at a CAGR of 22.85% over the forecast period of 2021 to 2027 .

The popularity of yacht charter hinges on the growing number of people opting for outdoor vacations that equal the experience of a five-star hotel. Chartering a yacht provides the ability to visit multiple locations in one trip, eliminating the inconveniences of road or air travel. It also has the added benefit of allowing guests to dine in the surroundings of a secluded bay or alcove, which is the unique selling point of this service that also bolsters the growth of yacht charter market.

Yacht Charter Market

Commodification of Luxury to Drive Global Yacht Charter Market Ahead

Growing aspirations to live it out with luxury have led to accelerated demand for yacht charters. This is also a result of with social media influences. The service providers in the global yacht charter market are increasingly investing in creating high-end experiences for events such as birthdays or weekend getaways. This has drawn several younger people to yachts charters, driving the yacht charter market with their want for celebrating or gaining experiences. Government initiatives to encourage tourism is also another factor that will stimulate the demand for yacht charters. For instance, the Indonesian Government refurbished its marine tourism policy by excluding the Clearance and Approval for Indonesian Territory (CAIT). This change is projected to increase yacht visits, which were at 6,000 yachts in 2019 alone, creating a profit of US$600 Mn.

The global yacht charter market is likely to be affected by the high cost associated with rentals. Additionally, the costs to maintain yachts are expected to act as a restraint as well, which percolates rentals charged. The mounting costs of service and maintenance of a yacht with expensive routine refitting’s and redesign, engine, and propulsion are often unavoidable and cost up to 10% of the yacht’s value each year.

Motor Yachts Will Lead Global Yacht Charter Market with Improved Functionality 

According to the type of yacht charter, the motor yacht is expected to lead the global yacht charter market during the forecast period because unlike a sailing yacht it powers through sea elements to cover larger distances in lesser time. Its shallow draft design permits the yacht to navigate through shallow and narrow passages. This allows it to explore most of the coastlines hence, which is boosting its demand amongst end users. Motor yachts have bigger deck space, giving users ample area to utilize time while travelling. Luxury motor yachts offer modern conveniences and better communication options that are also propelling the adoption of motor yachts over sailing yachts.

Supportive European Commission Policy Will Keep Europe in Leading Position in Global Yacht Charter Market

Europe dominated the global yacht charter market with a market share of nearly 48% in 2020 and shall continue to retain its position during the forecast period as this region is witnessing a growing number of tourists. Countries such as Italy, and Turkey are expected to drive Europe’s dominance. This region also has a dominance of key players along with flight booking services and online yacht charter collaborations. Increased number of licenses issued for watercraft due to the presence of a wealthy population will lead to the growth of yacht charter market in the region. For instance, in 2017, the European Commission report on nautical tourism stated that around 6 million boats exist in European waters, out of which 60,000 charter boats generate around € 6 billion each year. However, over the years Asia Pacific is likely to show a significant growth rate of nearly 24% due to the rising high net worth of individuals and increasing water activities, especially in Southeast Asian countries.

Key Players in Yacht Charter Market Embrace Change of Strategies to Stay Ahead

The global yacht market players are adopting numerous strategies for growth such as collaborations and partnerships, joint ventures, and mergers & acquisitions. For instance, in June 2018, the Sailogy S.A. purchased the German company Master Yachting and became the global leader worth 50 billion. Similarly, Princess Yachts in July 2018 announced the launch of 6 models. This launch was encouraged by a £100 million investment programme that began in 2015. Companies like Marine Max Group and Click&Boat have acquired other companies with an intent to square off competition and expand their business reach.

Some of the key players operating in the global yacht charter market are Fraser Yacht, Charter Yachts Australia, Boatbound Inc., CharterWorld LLP, Mertello Fairline Yacht, Thai Charters, Dream Yacht Charter, Incrediblue Ltd., Burgess, Boat International Media Ltd., Yachtico, Inc., Inter Yacht Charter, Nicholson Yachts, Simpson Marine, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Yachting Company, Super Yacht Logistics, LLC., Yacht Charter Fleet, West Coast Marine Yacht Service Pvt Ltd., and Zizooboats GmbH.

The Global Yacht Charter Market is Segmented as Below:

By Yacht Type Coverage

By Yacht Sub-Type Coverage

By Yacht Size Coverage

By Yacht Usage Coverage

By Geographical Coverage

  • Rest of Europe
  • Rest of Asia Pacific
  • Rest of Latin America
  • South Africa
  • Rest of Middle East & Africa

Leading Companies

  • Charter Yachts Australia
  • CharterWorld LLP
  • Dream Yachts Charter
  • Fraser Yachts (Marine Max Group Subsidiary)
  • Zizooboats GmbH
  • Yachtico, Inc.
  • Simpson Yachts Charter

Inside This Report You Will Find:

1. Executive Summary 2. Yacht Charter Market Outlook 3. Global Yacht Charter Market Outlook, 2017 - 2026 4. North America Yacht Charter Market Outlook, 2017 - 2026 5. Europe Yacht Charter Market Outlook, 2017 - 2026 6. Asia Pacific Yacht Charter Market Outlook, 2017 - 2026 7. Latin America Yacht Charter Market Outlook, 2017 - 2026 8. Middle East & Africa Yacht Charter Market Outlook, 2017 - 2026 9. Competitive Landscape 10. Appendix

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1. Executive Summary       1.1. Global Yacht Charter Market : Snapshot       1.2. Future Projections, 2018 - 2027, (US$ Mn)        1.3. Key Segment Analysis and Competitive Insights       1.4. Premium Insights

2. Yacht Charter Market Outlook       2.1. Market Definitions and Segmentation       2.2. Market Dynamics            2.2.1. Driver            2.2.2. Restraint            2.2.3. Industry Challenges & Opportunities       2.3. Market Forces Analysis             2.3.1. Value Chain Analysis            2.3.2. Porters Five Forces Analysis            2.3.3. SWOT Analysis        2.4. Impact Analysis            2.4.1. Pre and Post Covid-19 Analysis            2.4.2. Economic Indicators (GDP Per Capita, BREXIT Analysis, etc.)             2.4.3. Electrification             2.4.4. Parent Industry Trends

3. Global Yacht Charter Market Outlook, 2017 - 2026       3.1. Global Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2028, (US$ Mn)            3.1.1. Key Highlights                 3.1.1.1. Market Growth & Projections (Y-o-Y)                 3.1.1.2. Market Share Analysis, By Yacht Type, 2019 & 2027            3.1.2. Sailing            3.1.3. Motor            3.1.4. Catamaran            3.1.5. Market Attractiveness Analysis, By Yacht Type       3.2. Global Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2028,  (US$ Mn)            3.2.1. Key Highlights                 3.2.1.1. Market Growth & Projections (Y-o-Y)                 3.2.1.2. Market Share Analysis, By Yacht Sub - Type, 2019 & 2027            3.2.2. Classic            3.2.3. Open            3.2.4. Large            3.2.5. Market Attractiveness Analysis, By Yacht Sub - Type       3.3. Global Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2028,  (US$ Mn)            3.3.1. Key Highlights                 3.3.1.1. Market Growth & Projections (Y-o-Y)                 3.3.1.2. Market Share Analysis, By Yacht Size, 2019 & 2027            3.3.2. Small            3.3.3. Medium            3.3.4. Large            3.3.5. Market Attractiveness Analysis, By Yacht Size       3.4. Global Yacht Charter Market Value Forecast, By Usage, 2018 - 2028, (US$ Mn)            3.4.1. Key Highlights                 3.4.1.1. Market Growth & Projections (Y-o-Y)                 3.4.1.2. Market Share Analysis, By Usage, 2019 & 2027            3.4.2. Corporate            3.4.3. Retail            3.4.4. Others            3.4.5. Market Attractiveness Analysis, by Usage       3.5. Global Yacht Charter Market Outlook, by Region,  (US$ Mn), 2017 - 2026            3.5.1. Key Highlights                 3.5.1.1. Market Growth & Projections (Y-o-Y)                 3.5.1.2. Market Share Analysis, By Region, 2019 & 2027                 3.5.1.3. North America                 3.5.1.4. Europe                 3.5.1.5. Asia Pacific                 3.5.1.6. Latin America                 3.5.1.7. Middle East & Africa            3.5.2. Global Market Attractiveness Analysis, by Region

4. North America Yacht Charter Market Outlook, 2017 - 2026       4.1. North America Market Snapshot            4.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 4.1.1.1. Sailing                 4.1.1.2. Motor                 4.1.1.3. Catamaran            4.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 4.1.2.1. Classic                 4.1.2.2. Open                 4.1.2.3. Large            4.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 4.1.3.1. Corporate                 4.1.3.2. Retail                 4.1.3.3. Others            4.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 4.1.4.1. Small                 4.1.4.2. Medium                 4.1.4.3. Large       4.2. United States            4.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            4.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            4.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)            4.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       4.3. Canada            4.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            4.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            4.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             4.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

5. Europe Yacht Charter Market Outlook, 2017 - 2026       5.1. European Market Snapshot            5.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 5.1.1.1. Sailing                 5.1.1.2. Motor                 5.1.1.3. Catamaran            5.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 5.1.2.1. Classic                 5.1.2.2. Open                 5.1.2.3. Large            5.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 5.1.3.1. Corporate                 5.1.3.2. Retail                 5.1.3.3. Others            5.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 5.1.4.1. Small                 5.1.4.2. Medium                 5.1.4.3. Large       5.2. Croatia            5.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            5.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            5.2.3. Yacht Charter Market Value Forecast, By Usage, 2017 - 2026,  (US$ Mn)             5.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.3. France            5.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027,  (US$ Mn)            5.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             5.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027,  (US$ Mn)       5.4. United Kingdom            5.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027,  (US$ Mn)            5.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             5.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027,  (US$ Mn)       5.5. Greece            5.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)            5.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.6. Spain            5.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             5.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.7. Rest of Europe            5.7.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.7.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.7.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             5.7.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

6. Asia Pacific Yacht Charter Market Outlook, 2017 - 2026       6.1. Asia Pacific Market Snapshot            6.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 6.1.1.1. Sailing                 6.1.1.2. Motor                 6.1.1.3. Catamaran            6.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 6.1.2.1. Classic                 6.1.2.2. Open                 6.1.2.3. Large            6.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 6.1.3.1. Corporate                 6.1.3.2. Retail                 6.1.3.3. Others            6.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 6.1.4.1. Small                 6.1.4.2. Medium                 6.1.4.3. Large       6.2. China            6.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.3. India            6.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.4. Thailand            6.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.5. Malaysia            6.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.6. ANZ            6.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.7. Rest of Asia Pacific            6.7.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.7.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.7.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.7.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

7. Latin America Yacht Charter Market Outlook, 2017 - 2026       7.1. Latin America Market Snapshot            7.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 7.1.1.1. Sailing                 7.1.1.2. Motor                 7.1.1.3. Catamaran            7.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 7.1.2.1. Classic                 7.1.2.2. Open                 7.1.2.3. Large             7.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 7.1.3.1. Corporate                 7.1.3.2. Retail                 7.1.3.3. Others            7.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 7.1.4.1. Small                 7.1.4.2. Medium                 7.1.4.3. Large       7.2. Brazil            7.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.3. Mexico            7.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.4. Argentina            7.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.5. Rest of Latin America            7.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

8. Middle East & Africa Yacht Charter Market Outlook, 2017 - 2026       8.1. Middle East & Africa Market Snapshot            8.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 8.1.1.1. Sailing                 8.1.1.2. Motor                 8.1.1.3. Catamaran            8.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 8.1.2.1. Classic                 8.1.2.2. Open                 8.1.2.3. Large            8.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 8.1.3.1. Corporate                 8.1.3.2. Retail                 8.1.3.3. Others            8.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 8.1.4.1. Small                 8.1.4.2. Medium                 8.1.4.3. Large       8.2. Qatar            8.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.3. UAE            8.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.4. Oman            8.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.5. South Africa            8.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.6. Rest of Middle East & Africa            8.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             8.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

9. Competitive Landscape       9.1. Company Market Share Analysis, 2019       9.2. Company Profiles             9.2.1. Boatsetter                 9.2.1.1. Company Overview                 9.2.1.2. Financial Performance                 9.2.1.3. Manufacturing Footprint                 9.2.1.4. Strategic Overview                 9.2.1.5. Key Developments (*Note: Above details would be available for below list of companies on the basis of availability)            9.2.2. Burgess            9.2.3. Charter Yachts Australia            9.2.4. CharterWorld LLP            9.2.5. Dream Yacht Charter            9.2.6. Fraser Yachts (Marine Max Group Subsidiary)            9.2.7. Nautal (Click&Boat Subsidiary)            9.2.8. Zizooboats GmbH            9.2.9. Yachtico, Inc.            9.2.10. Simpson Yacht Charter  (Any other leading players)

10. Appendix       10.1. Acronyms and Abbreviations       10.2. Research Scope & Assumptions       10.3. Research Methodology and Information Sources

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Yacht Charter Market

Yacht Charter Market

Yacht charter market - global industry assessment & forecast, automotive transportation & logistics, segments covered, customization offered.

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Yacht Charter Market Share

The global Yacht Charter Market is valued at USD 7.5 Billion in 2022 and is projected to reach a value of USD 11.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.9% between 2023 and 2030.

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The market for Yacht Charters has expanded significantly by over 15% annually. This development might be ascribed to the rising demand for individualized and unique travel experiences among high-net-worth individuals and luxury travelers.

Yacht Charter Market Size, 2022 To 2030 (USD Billion)

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Many countries worldwide are developing policies to strengthen the coastal tourism sector due to climate change and environmental degradation. The maritime policy of the European Union supports the growth of coastal tourism and marine economic activity. For instance, In November 2022, Poland ranked eighth in the world and fifth in Europe in terms of exports of yachts. Poland produces ~22,000 yachts which include both general and luxury yachts.

The Yacht Charter sector had a fall in growth due to the COVID-19 pandemic's negative effects on world tourism. The pandemic led to a large drop in tourists visiting well-known locations and uncertainty and fear within the Yacht Charter sector. For instance, In 2022, U.S. yacht sales began to normalize after a period of solid growth. Consumer spending patterns shifted towards other accessible activities like travel, music concerts, and sporting events.

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Key Highlights

  • Europe generated more than 60% of the revenue share in 2022,
  • Asia Pacific is expected to expand at the fastest CAGR from 2023 to 2030,
  • By Contract Type, the Bareboat Contracted Yacht segment contributed more than 33% of revenue share in 2022,
  • By Yacht Size, the 40m Yacht segment registered more than 40% of revenue share in 2022,
  • By Yacht type, the Motorized Yacht segment recorded the most significant market share in 2022,
  • By end use, Leisure Travel dominates the Yacht Charter market.

Economic Insights

The Yacht Charter industry makes an essential contribution to the economy, and it also affects nearby communities and related businesses. Additionally, the market supports jobs in yacht maintenance and repair, brokerage, yacht management, and other related services. Collectively, the Yacht Charter industry provides employment opportunities for thousands of individuals globally. The expansion of ancillary sectors like yacht construction and the production of marine equipment also benefits from the market, which increases economic activity and investment. Marine tourism has a positive impact on economic growth in several ways. It also earns foreign exchange and contributes to government revenue. It creates jobs and makes an essential contribution to the local economy. In addition, it provides various sociocultural benefits such as strengthening communities and promoting sustainable tourism. Many countries worldwide are developing policies to strengthen the coastal tourism sector due to climate change and environmental degradation.

Top Market Trends

  • Sustainability and eco-consciousness: As people become more aware of environmental problems, there is a noticeable movement towards sustainability in several different businesses, including the Yacht Charter market. Charter customers are looking for environmentally friendly options including yachts with alternative or hybrid propulsion systems, waste management techniques, and sustainable practices. In response, Yacht Charter firms are implementing eco-friendly policies, promoting eco-aware travel, and incorporating sustainable technologies and practices into their daily operations.
  • Emerging Destinations & Unexplored Waters: While well-known Yacht Charter locations like the Mediterranean and the Caribbean still draw visitors, there is a rising trend towards visiting less-traveled-to and emerging locations. Charter customers want to explore uncharted waters to find pristine coastlines, fascinating cultures, and unique experiences. These regions include Southeast Asia, the South Pacific, and inaccessible islands. These growing locations are now included in the services of Yacht Charter companies, giving tourists the chance to journey outside of the usual tourist sites and partake in authentic off-the-beaten-path experiences.
  • Wellness and well-being: The need for wellness and well-being has emerged as a major trend in the tourism industry, and the Yacht Charter market is no exception. Customers of Charter are looking for holistic experiences that encourage rest, renewal, and general well-being. Wellness amenities including aboard spas, fitness centers, yoga studios, and healthy food options are now available on Yacht Charters. Yacht Charter firms are introducing wellness-focused components to meet the growing demand for health-conscious vacation experiences, from wellness getaways to personalized wellness programs.
  • Technological innovations: To improve the visitor experience and expedite operations, the Yacht Charter industry is adopting technological innovations. Luxury yachts are incorporating cutting-edge onboard amenities including high-speed internet connectivity, smart home automation systems, cutting-edge entertainment systems, and virtual reality experiences. Additionally, to offer seamless and individualized service to charter customers, Yacht Charter businesses are utilizing technology for effective booking procedures, online platforms for itinerary customization, and digital concierge services.

The global Yacht Charter market can be categorized on the following: Contract Type, Yacht Size, Yacht Type, End Use, and Region . Based on Contract Type , the market can be categorized into Bareboat and Crewed. Additionally, based on Yacht Size , the market can be split further into Up to 40m, 40 to 60m, and Above 60m. Moreover, based on Yacht Type , the market can be segregated into Motor Yachts, Sail Yachts, and Other Yacht Types. Furthermore, based on End Use , the market can be fragmented further into Leisure, Business, and Other End Uses. Likewise, the market is segmented based on Region : North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on the Contract Type

Bareboat Contracted Yacht Charters to Account for the Holds the Largest Share

Based on the Type of Contract, Bareboat Yacht Charters dominate the market for yacht rentals. In a bareboat charter, a yacht is rented without a crew or any other extras, and the charterer is solely responsible for navigating and running the boat. For seasoned sailors or people who prefer to run their own boat experience, this kind of charter offers flexibility and freedom. The sense of adventure, solitude, and control that bareboat charters give their clients can be credited for their popularity. Bareboat contractual Yacht Charters dominate the market, reflecting the preferences of independent and seasoned sailors who want the freedom to explore numerous leisurely locations.

Based on Yacht Size

40m Yacht to Accommodate the Maximum Revenue

Based on Yacht Size, it is anticipated that the Yacht Charter market will generate the most money from 40m yachts. These boats appeal to a sizable number of charter customers because they strike a mix between luxury, comfort, and manageability. 40m yachts are the perfect backdrop for a lavish and unforgettable charter experience thanks to their large room, high-end facilities, and elegant design. Having vast living spaces, roomy staterooms, and a range of onboard entertainment options, their size enables comfortable lodging for a greater number of passengers. The need for upmarket and large charter choices, which satisfy the tastes of charter clients seeking a high-end experience on the water, is shown by the popularity of 40m yachts in earning maximum revenue.

Based on Yacht Type

Motorized Yacht will dominate the market during Forecast Period

Motorized Yachts are anticipated to rule the Yacht Charter Market during the anticipated period. A wide variety of charter customers are drawn to the power, speed, and luxury that motorized boats offer. These yachts have strong engines that allow for quick navigation and efficient cruising, giving the freedom to visit several locations in a short amount of time. The numerous amenities and roomy interiors of motorized yachts also give charter guests a fashionable and pleasant setting. Motorized yachts are anticipated to maintain a strong market presence and draw a sizable portion of charter reservations due to their adaptability and attraction to both experienced yachting aficionados and first-time charterers.

Based on End Use

Leisure Travel is Dominate the Yacht Charter Market

The Yacht Charter market is expected to be dominated by leisure travel. Individuals and families wishing for opulent and memorable vacations are the main consumers of Yacht Charters. Charter passengers traveling for pleasure are looking for a chance to unwind, go on an adventure, and travel to far-off places in the utmost comfort and solitude. With access to breathtaking coastlines, secret anchorages, and top-notch amenities on board, Yacht Charters provide a distinctive and exclusive way to experience the sea. As travelers prioritize personalized and immersive travel, the demand for leisure Yacht Charters is expected to increase even further. This will make this market segment the dominant one and will encourage the creation of novel services and experiences that are catered to the wants and preferences of leisure travelers.

Based on Region

Europe to Lead Global Market due to the Region Being a Popular Tourist Destination

A renowned tourist destination, Europe is anticipated to dominate the worldwide Yacht Charter market on a regional basis. With its wide variety of coastal regions and attractive locations, Europe draws many travelers from all over the world. Particularly known for its magnificent scenery, clean waters, and lively coastal communities, the Mediterranean is a popular location for Yacht Charters. European nations with a rich nautical history, first-rate infrastructure, and a well-established network of marinas and yacht rental firms include Italy, Greece, Croatia, and France. The area's reputation in the Yacht Charter sector is further bolstered by its pleasant temperature, cultural attractions, and proximity to important international airports. The growth of the market in the region is anticipated to be fueled by the increasing popularity of fishing and aquatic sports, as well as the growing number of upper-class consumers. Market expansion is anticipated to be bolstered by European flight reservations, cooperation with online demand for charter service providers, and a rise in issued craft permits. The region's affluent populace is also likely to stimulate market growth.

Competitive Landscape

The Yacht Charter Market is fragmented, with numerous small and large Yacht Charter companies, brokers, and online platforms, each offering its unique services and experiences. Companies are putting more emphasis on innovation, investing in new yacht purchases, implementing sustainable practices, and expanding their product offerings to include customized itineraries, wellness experiences, and technological improvements to acquire a competitive edge. Partnerships with five-star hotels, tour operators, and location management firms are becoming increasingly popular ways to expand customer reach and offer all-inclusive yacht vacation packages. As the market develops, the competition heats up, forcing businesses to stand out and offer great experiences to win over more customers. Additionally, the market participants are focused on enhancing the yachting experience for their consumers. In addition, with the increasing demand for yachts as a luxury product, participants are modernizing their yachts and training their crews to provide consumers with a superior travel experience. The market participants are investing in infrastructural enhancements such as online booking portals, websites, and marine satellite connectivity for connectivity and entertainment onboard.

The key players in the global Yacht Charter market include – Dream Yacht Charter (Italy), Yachtico (U.S.), Asta Yachting (Croatia), OceanBLUE Yachts Ltd. (UK), Simpson Marine (Hong Kong), Ocean Independence (U.S.), Imperial Yachts (Monaco), Northrop & Johnson (U.S.), YCO (UK), Burgess (U.S.) among others.

Recent Market Developments

  • January 2022: Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, specially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
  • September 2022: Angelina Yacht Charter of Biograd acquired an 85 percent stake in the Split-based charter company Ultra Sailing. With this acquisition, it will become the largest Croatian charter company. The combined fleet of vessels will exceed 260.
  • January 2022: The Berg, a new luxury vessel, was introduced. This 55-meter vessel will be the first luxurious charter yacht to cruise the Nile. The charter route offered by Berge sails between Luxor and Aswan, taking in the scenery of the most renowned stretch of the Nile River, renowned for its architecture and natural beauty.
  • January 2021: Burgess announced a new partnership with Marine Solutions in India. With this partnership, Burgess intends to serve its existing clients better and develop new relationships in India, enhancing its charter offering in the Indian Ocean.

Segmentation of the Global Yacht Charter Market

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Frequently Asked Question

What is the global demand for yacht charter in terms of revenue.

The global Yacht Charter valued at USD 7.5 Billion in 2022 and is expected to reach USD 11.2 Billion in 2030 growing at a CAGR of 5.9%.

Which are the prominent players in the market?

The prominent players in the market are Dream Yacht Charter (Italy), Yachtico (U.S.), Asta Yachting (Croatia), OceanBLUE Yachts Ltd. (UK), Simpson Marine (Hong Kong), Ocean Independence (U.S.), Imperial Yachts (Monaco), Northrop & Johnson (U.S.), YCO (UK), Burgess (U.S.).

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 5.9% between 2023 and 2030.

What are the driving factors fueling the growth of the market.

  • Increase in number of private islands on cruise itineraries

Which region accounted for the largest share in the market?

Europe was the leading regional segment of the Yacht Charter in 2022.

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Market Research Report

Global Yacht Charter Market Report By Yacht Type (Sailing Yacht, Motor Yacht), By Yacht Length (Up To 20 Ft, 20 To 50 Ft, Above 50 Ft), By Contract Type (Bareboat Charter, Crewed Charter) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Yacht Charter Market is presumed to reach the market size of nearly USD 18.79 MN by 2030 from USD 10.68 MN in 20221 with a CAGR of 7.32% under the study period 2023 - 2030. Yacht Charter refers to the practice of either renting or chartering sailboats/motor yachts and take a tour to various coastal regions or islands. Yacht Charter is a fun activity. Yacht Charter is of different types that include bareboat charter, Flotilla sailing, cabin charter, and crewed charter. Bareboat charter runs without crew and skipper whereas other charters come with crew and skipper. Flotilla sailing is accompanied by a yacht with a professional crew. Cabin charter refers to sailing without any experience. 

Market Dynamics 

The rise in luxury marine tourism and personalized services are the primary factors responsible for the growth of yacht charters. Corporate companies are planning marine tourism often to free up their space and for a fun mood. This activity is also expected to support the demand for yacht charters. Other factors that increase the demand for yacht charters include a rise in yacht service providers, number of promotional events, disposable income, booming tourism sector, availability, and water sports. Moreover, it is highly preferred among the younger generations for weekend parties, birthdays, and anniversaries.  The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of yacht charter. The growth and trends of yacht charter industry provide a holistic approach to this study. 

Market Segmentation

This section of the yacht charter market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.  By Yacht Type

  • Sailing Yacht
  • Motor Yacht

By Yacht Length

  • Up To 20 Ft
  • 20 To 50 Ft
  • Above 50 Ft

By Contract Type

  • Bareboat Charter
  • Crewed Charter

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Yacht Charter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Yacht Charter Market Share by Region (Representative Graph)

Global Yacht Charter Market Share

Frequently Asked Questions (FAQs) about this Report

What is the global yacht charter market size?

What is the projected global yacht charter market growth under the study period?

Which region holds the highest global yacht charter market share?

What is the global yacht charter market segmentation covered in the report?

Who are the leading global yacht charter market manufacturers/players profiled in the report?

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Luxury yacht charter market revenue to cross usd 19.0 billion by 2031| says transparency market research, inc..

Market growth influenced by economic shifts and consumer spending trends shapes the luxury yacht charter landscape.

Wilmington, Delaware, United States, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global luxury yacht charter industry is forecasted to grow steadily at a 4.1% CAGR between 2022 and 2031. According to Transparency Market Research, the total sales revenue within the luxury yacht charter industry is anticipated to achieve approximately US$ 19.0 billion by the end of 2031.

An emerging trend sees luxury yacht charters integrating wellness offerings. Yachts now feature onboard spas, yoga decks, and personalized health-focused experiences, catering to health-conscious clientele seeking rejuvenating escapes.

Get Sample Research Report with Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85228

A rising demand for authentic cultural encounters drives charter itineraries. Exclusive access to local festivals, cultural events, and immersive experiences onboard and onshore captivates affluent travelers seeking enriched cultural journeys. An increasing emphasis on tailor-made experiences drives yacht charters to offer highly personalized services. From curated gastronomic adventures to specialized themed charters, personalized offerings cater to unique preferences, enhancing exclusivity.

Key Findings of the Market Report

Medium-sized yachts (31m to 50m) currently lead the luxury yacht charter market, offering a balance of space, amenities, and exclusivity.

Catamarans lead the luxury yacht charter market due to spaciousness, stability, and amenities, catering to diverse preferences and luxurious experiences.

Europe leads the luxury yacht charter market with its rich maritime heritage, diverse coastlines, and established luxury yachting destinations and services.

Luxury Yacht Charter Market Growth Drivers & Trends

Growing high-net-worth individuals globally spur demand for exclusive experiences, fueling the luxury yacht charter market's expansion.

Shift towards experiential luxury travel drives demand for personalized, unique yacht charter experiences.

Exploration of untapped regions like Asia Pacific and the Middle East unveils new growth opportunities for luxury yacht charters.

Increasing emphasis on eco-friendly practices and sustainable yacht designs align with evolving consumer preferences and regulatory standards.

Integration of advanced technologies in onboard amenities and yacht operations enhances luxury offerings, elevating the charter experience for clientele.

Global Luxury Yacht Charter Market: Regional Profile

In North America, particularly in the United States and the Caribbean, a penchant for high-end experiences drives the luxury yacht charter market. Key players like Fraser Yachts and Northrop & Johnson offer exclusive access to lavish vessels, catering to discerning clientele seeking luxury escapades.

Europe, encompassing Mediterranean hotspots like France, Italy, and Spain, boasts a thriving luxury yacht charter market. Companies such as Burgess and Y.CO lead here, leveraging the region's rich maritime heritage and diverse coastlines to provide customized experiences in the lap of luxury.

While Asia Pacific is an emerging market for luxury yacht charters, countries like Australia and Thailand showcase potential growth. Local companies like Ahoy Club navigate this landscape, tapping into the region's scenic beauty and rising affluence, offering tailored yacht experiences to a growing luxury seeking demographic.

Product Portfolio

Dream Yacht Charter offers a premier fleet of luxury yachts and catamarans for chartering worldwide. With global destinations, personalized experiences, and expert crews, they provide unparalleled sailing adventures, catering to diverse preferences and ensuring unforgettable moments on the open seas.

Fraser Yachts stands as a leading superyacht brokerage, offering exceptional services in yacht sales, charter, and management. Renowned for expertise and client-centricity, they deliver customized solutions, access to an extensive portfolio of luxury vessels, and unparalleled experiences for discerning clients worldwide.

Nautal is a trusted online platform facilitating easy yacht rentals. Their user-friendly interface connects renters with a diverse fleet of boats globally, offering seamless booking experiences and personalized sailing adventures tailored to meet various preferences, ensuring memorable maritime experiences for all.

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Luxury Yacht Charter Market: Competitive Landscape

The luxury yacht charter market epitomizes a competitive landscape fueled by global players catering to elite clientele. Renowned companies like Dream Yacht Charter, Burgess, and Fraser Yachts dominate, offering diverse fleets of opulent vessels and personalized services.

Rising contenders such as Northrop & Johnson and Edmiston navigate this space, emphasizing customized experiences and worldwide yacht access. Regional players like Ahoy Club in Australia and Y.CO in Europe provide specialized services, adding diversity to the market.

Innovation in experiential offerings, concierge services, and unique itineraries defines this landscape, where excellence, exclusivity, and exceptional customer service remain pivotal in captivating the discerning luxury yacht clientele worldwide. Some prominent manufacturers are as follows:

Boatsetter Inc.

Charter Yachts Australia

CharterWorld LLP

Dream Yacht Charter

Fraser Yachts

Inter Yacht Charter

Martello Yachting & Company

Sailing Thailand Island Cruises Co. Ltd.

Simpson Marine

Thai Charters

West Coast Marine Yacht Services Pvt. Ltd.

Yacht Charter Fleet

Yachtico Inc.

Zizooboats GmbH

Luxury Yacht Charter Market: Key Segments By Yacht Size

Small (Less than 30m)

Medium (31m to 50m)

Large (More than 51m)

51m to 67.5m

70 Meters (67.5m to 75m)

80 Meters (75m to 82.5m)

By Yacht Type

North America

Asia Pacific

Central America

South America

Middle East & Africa

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  • / Market Insights
  • Yacht Charter Market Analysis

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YACHT CHARTER MARKET ANALYSIS

Yacht charter market, by yacht type (motor yacht (displacement type, semi-displacement, planing, catamaran and trimaran) and sailing yacht (sloop, schooner. catamaran and ketch)), by consumer type (corporate, retail (individual, family/group, couple and others), and by yacht size (large (over 50m), medium (30m – 50m) and small (up to 30m)), by region (north america, europe, asia pacific, latin america, middle east, and africa) - size, share, outlook, and opportunity analysis, 2022 - 2030.

  • Published In : Jan 2023
  • Code : CMI3902
  • Pages : 130
  • Formats :   Excel and PDF
  • Industry : Automotive and Transportation

Yacht charter is the practice of renting a motor yacht or sailboat and traveling to numerous island destinations. Yacht charters are typically used for vacation, business, and leisure activities. There are two types of charter namely skippered and bareboat, in which, bareboat charters involve a person renting a boat. Majority of bareboat companies offer courses to teach basic seamanship and prepare people for bareboat chartering. Various associated businesses such as yacht management, which assists in the construction of new yachts are also entering the market. Yacht charter companies are focusing on vertical integration with major yacht manufacturers in order to increase their revenue.

The global yacht charter market was valued at US$ 52268.8 Mn in 2021.

Recent Developments:

  • Major companies in the market are focused on their business expansion, in order to gain a competitive edge in the market. For instance, in May 2022, Fraser Escape Bareboat Charters announced the new addition of 35M/112 Sunseeker motor yacht corazon to their management fleet of yacht.
  • High seasonal pricing is expected to restrain growth of the global yacht charter market during the forecast period
  • High taxation in certain regions is expected to hamper the global yacht charter market growth over the forecast period

Yacht Charter Market Report Coverage

Global Yacht Charter Market - Impact of Coronavirus (Covid-19) Pandemic:

Many countries’ economies have suffered as a consequence of the COVID-19 Pandemic. The global coronavirus (COVID-19) pandemic had a significant negative impact on the travel and tourism business, especially the yacht charter business. The outbreak, which also greatly increased industry uncertainties, generated a sense of apprehension among everyone involved in the industrial value chain. As a result, during the epidemic, the global yacht charter business grew slowly.

Europe held a dominant position in the global yacht charters market in 2021 Statistics :

Europe region dominated the global yacht charters market in 2021, accounting for a 59.3% share in terms of value, followed by North America and Asia Pacific respectively

Figure 1: Global Yacht Charters Market Share (%), By Region, 2021

YACHT CHARTER MARKET

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Europe Yacht Charters Market is expected to witness a CAGR of 6.9% over the forecast period.

Europe Global Yacht Charters Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for yacht charters in emerging economies such as South Korea, India, and China.   Moreover, high disposable income, and high growth of tours and travel sector. It is expected to boost the regional market growth.  

Figure 2: Global Yacht Charters Market (US$ Mn) Analysis and Forecast, 2017 - 2030   

YACHT CHARTER MARKET

       

The global yacht charters market was valued at US$ 52268.8 Mn in 2021 and is expected to reach US$ 93506.3 Mn by 2030, growing at a CAGR of 6.9% between 2022 and 2030 .

Major players operating in the global yacht charters market include Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.

Frequently Asked Questions

What is the expected market size of the global yacht charters market in 2030?

What is the expected compound annual growth rate (cagr) of the market during the forecast period (2022-2030), based on the application, which segment held the largest market share in the market in 2021, what is the primary factor contributing towards the growth of market, which region held the largest market share in the market in 2021, who are the key players operating in the market.

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Yacht Charter Market to Reach US$ 93506.3 Mn by 2030

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Yacht Charter Market

Yacht Charter Market (Yacht Type: Sailing Yacht, Motorized Yacht, and Catamaran Yacht; Yacht Size) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

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Yacht Charter Market Outlook 2031

  • The global yacht charter market was valued over US$ 22.3 Mn in 2021
  • It is estimated to grow at a CAGR of 6.1% from 2022 to 2031
  • The global yacht charter market is expected to reach value of US$ 40.5 Mn by the end of 2031
Analysts’ Viewpoint on Global Yacht Charter Market Scenario The global yacht charter market is witnessing rapid growth, which can be primarily attributed to rising number of yacht owners and increasing interest in luxury cruising. This is encouraging new players to enter the market with technologically advanced yachts as well as improved services offered by existing yacht charter companies. Increasing water-based recreational activities, growing marine tourism, rising motor yacht and luxury yacht charter, and surging trend among high net worth individuals toward chartering yachts for particular occasions rather than buying them are some of the prominent factors responsible for the rise of the yacht charter market. In addition, yacht chartering companies are tapping into incremental opportunities in the yacht charter industry by offering value-added services such as onboard entertainment, onboard catering, and yacht maintenance services to their clients.

yacht charter market

Global Yacht Charter Market Introduction

Yacht chartering is the practice of renting or leasing a sailboat or motor yacht and travelling to various coastal or island destinations. Traditionally, yachts were chartered mainly for leisure activities and vacations, but now they are increasingly being chartered for political and business events. The yacht charter industry is a part of the broader boat charter industry.

Moreover, there is rising marine tourism, aquatic recreational activities, and preference to chartering than ownership of motor & luxury yachts due to increasing ownership costs associated with yachts in markets such as Europe and North America. Furthermore, the yacht charter revenue is also estimated to increase due to services such as cabin chartering, skippered chartering, and crewed chartering

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Ongoing Trends in Global Yacht Charter Market

The yacht charter market is witnessing a growing trend of innovative interior design such as the use of exotic leather for aesthetic alignment of commodities and upholstery in the yacht. Sailing and motor yachts are becoming increasingly equipped with modern woodwork, lighting, and furniture. The market is also being driven by the growing interest of people in water sports, aquatic leisure activities, and marine tourism leading to the demand for private yacht charter. Another trend which is boosting the market is the conducting of business and official meetings between key state leaders and business people off shore on yachts. This is fueling the demand for luxury yacht charter in which luxury yachts equipped with state-of-the-art features such as onboard infotainment, swimming pool, food catering, and premium wooden interiors, and can accommodate between 50 to 100 people are chartered.

In addition, there is a growing trend of motor yacht charter, in which yachts are equipped with a marine outboard/engine and are custom built. The yacht charter market analysis reveals the fall in owner-operator model of yacht ownership due to increasing operational costs of a yacht and onboarding of yacht management companies to assist owners of yachts to run their yachts efficiently is also aiding the growth of the yacht charter market.

Rise in Demand for Small Yachts of Length Between 10 and 20 Meters to Drive Global Market

The increase in the demand for small yachts can be attributed to the significant demand from retail clients. Small yachts are cheaper to charter and can be used easily in shallow waters. In fast growing markets such as Asia Pacific, yacht chartering is increasing due to rise in water-based leisure activities, marine tourism in regions including ASEAN and South Asia, and emergence of new business and state leaders who prefer to charter yachts for their political and business meetings. This has led to a significant demand for cost-effective small yachts, thus boosting the growth of the yacht charter market.

The price of procurement of a new yacht plays a significant role in deciding the rates of yacht chartering services. Small yachts are cheapest of all the yachts and suffice the requirements of most of the yacht chartering clients. This demand for cost-effective yacht chartering services is anticipated to propel the yacht charter market, as it has led to increased chartering of small yachts.

Rise in Political & Corporate Events, Marine Tourism to Boost Demand for Yacht Charters

Several sub-regions, such as the Mediterranean in Europe, ASEAN in Asia Pacific, and coastline of southern U.S., Mexico, and Caribbean in North America offer numerous scenic views, exotic marine life, and beautiful unexplored islands. Thus, several high net worth tourists visiting these places for recreation and tourism purposes are increasingly chartering yachts to explore these places. This is projected to boost the yacht charter market during the forecast period.

Government leaders and high ranking officials as well as businesspeople in several countries in Europe and North America are increasingly conducting their official events, offshore, on yachts. This is also estimated to provide major impetus to the growth of yacht charter market.

Provision of yacht crews, on-board entertainment, and catering services as well as yacht maintenance and management services are some of the most commonly offered value added services in the yacht charter industry, which are generating new revenue streams for yacht charter companies. Charter of open yachts is increasing in many areas of developed regions, such as North America and Europe. This is also driving the demand for yacht charter services in these regions.

A shift toward small yachts in yacht chartering services due to lower costs, preference for value-added services, and increase in the chartering of motorized yachts are defining the future trends in the yacht charter market. Private yacht charter is also increasing due to the growth in the number of tourists taking private excursions of the remote unexplored or little explored islands in the oceans. In many parts of developed regions, such as North America and Europe, charter of open yachts is increasing due to the growing number of tourists opting for offbeat marine tourism. This is also driving the growth of yacht charter services in these geographies.

Increase in Preference for Sailing Yachts Due to Low Operating Cost

In terms of yacht type, the sailing yacht segment held a key share of the yacht charter market in 2021. This can be primarily ascribed to the rising demand for sailing yachts, globally. Furthermore, sailing yachts are environment-friendly and cheaper to operate than other yachts.

The motor yacht segment is projected to grow at a rapid pace, as the number of explorers picking nautical excursions has increased significantly around the world. Moreover, the ability of motor yachts to fulfil different boundaries of voyagers' selections of yachts, with respect to water sports exercises, climate, and other explicit requirements about deck space has increased inclination toward chartering motor yachts.

High Demand for Charter Yachts among Retail Consumers

In terms of consumer type, the global yacht charter has been split into corporate, retail, and others. The retail consumer segment dominated the global yacht charter market in 2021. Increased chartering of yachts by tourists and other high net worth individuals has contributed to the dominance of this segment. The corporate consumer segment is estimated to grow at a rapid pace, primarily due to the increase in chartering of yachts by the corporate sector to host business events.

Regional Outlook of Global Yacht Charter Market

In terms of volume, Europe dominated the global market in 2021 primarily due to the influx of a large number of foreign tourists in regions such as Mediterranean for water-based recreational activities and marine tourism in the region. Croatia accounts for slightly less than one-fourth of the yacht charter market in Europe.

North America and Asia Pacific were also prominent markets for yacht charter in 2021. Motor yachts is a rapidly expanding yacht type segment of the yacht charter market in North America due to the trend of exploring faraway islands in North America. It is also a rapidly growing segment of the market in Asia Pacific due to the prevalence of large yachts in the region.

Middle East & Africa is a larger market for yacht charter as compared to the market in South America owing to the prominence of sailing culture in the region. The market in Middle East & Africa is anticipated to rise at a higher growth rate as compared to the market in South America due to a large number of foreign tourists visiting countries, such as the UAE, Mauritius, Seychelles, and South Africa, in the region.

Analysis of Key Players in Global Yacht Charter Market

The global yacht charter market is fairly fragmented with local players controlling majority of the market share in their respective regions. Several firms are spending significantly on offering comprehensive customized value-added services in addition to regular chartering services. Diversification of service offerings and organic growth are strategies adopted by key players.

Boat International Media Ltd., Boatbound Inc., Burgess, Charter Yachts Australia, CharterWorld LLP, Dream Yacht Charter, Fairline Yacht, Fraser Yachts, Incrediblue Ltd., Inter Yacht Charter, Martello Yachting and Company, Nicholson Yachts, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Simpson Marine, Super Yacht Logistics, LLC, Thai Charters, West Coast Marine Yacht Services Pvt Ltd., Yacht Charter Fleet, Yachtico, Inc., and Zizooboats GmbH are the prominent entities operating in the market.

Each of these players has been profiled in the global yacht charter market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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Key Developments in Global Yacht Charter Market

  • On January 29 , 2022 , CharterWorld LLP introduced a brand new luxury yacht, PANTA REI, for chartering in Croatia and Montenegro
  • On September 8 , 2021 , Nicholson Yachts took delivery of restored Trumpy BB luxury yacht to offer cruise services on Atlantic Intercostal Waterway in the U.S.
  • On May 13 , 2022 , Fraser Yachts acquired motor yacht Corazon to offer charter services in the Bahamas
  • On June 22 , 2022 , Simpson Marine announced the opening of new rebranded office, sailor academy and charter sales office in Pattaya, Thailand

Global Yacht Charter Market Snapshot

Frequently asked questions, how big was the yacht charter market in 2021.

The yacht charter market was valued over US$ 22.3 Mn in 2021.

How the yacht charter market is expected to grow by 2031?

The yacht charter market is expected to grow at a CAGR of 6.1% through 2031.

How much worth would the yacht charter market be in 2031?

The yacht charter market would be worth US$ 40.5 Mn in 2031.

How big is the U.S. in the global yacht charter market?

The U.S. is a prominent country in the yacht charter market due to the prevalence of water sports, marine tourism, and large number of high net worth clients who frequently charter yachts.

What is the share of sailing yachts segment in the yacht charter market?

The sailing yacht segment accounts for the highest share of the yacht charter market.

What are the prominent trends in the yacht charter market?

Offering of customized value added services in addition to the regular charting services and induction of yachts with beautiful, expensive interiors are some of the prominent trends in the yacht charter market.

Which region is more lucrative in the yacht charter market?

Europe is the most lucrative region and holds dominant share of the global yacht charter market.

Who are the prominent players in the yacht charter market?

Prominent players operating in the yacht charter market are Boat International Media Ltd., Boatbound Inc., Burgess, Charter Yachts Australia, CharterWorld LLP, Dream Yacht Charter, Fairline Yacht, Fraser Yachts, Incrediblue Ltd., Inter Yacht Charter, Martello Yachting and Company, Nicholson Yachts, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Simpson Marine, Super Yacht Logistics, LLC, Thai Charters, West Coast Marine Yacht Services Pvt Ltd., Yacht Charter Fleet, Yachtico, Inc.

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Yacht Charter Market

4. Market Overview

    4.1. Introduction

        4.1.1. Yacht Charter Market Definition

        4.1.2. Industry Developments

    4.2. Key Market Indicators

    4.3. Technological Roadmaps

    4.4. Market Dynamics

        4.4.1. Drivers

        4.4.2. Restraints

        4.4.3. Opportunity

    4.5. Porter’s Five Force Analysis

    4.6. Value Chain Analysis

        4.6.1. List of Key Manufacturers

        4.6.2. List of Customers

        4.6.3. Level of Integration

    4.7. Regulatory Scenario

    4.8. Technological Roadmap

    4.9. SWOT Analysis

5. Global Yacht Charter Consumer Type Market – Price Trend Analysis

6. Global Yacht Charter Market – Ecosystem Mapping

7. Global Yacht Charter Market – Supply Demand Scenario

    7.1. Overview

    7.2. Global Production Output, By Region

        7.2.1. North America

        7.2.2. South America

        7.2.3. Europe

        7.2.4. Asia Pacific

        7.2.5. Middle East & Africa

8. Global Yacht Charter Market Analysis and Forecast, by Yacht Type

    8.1. Introduction & Definition

    8.2. Key Findings

    8.3. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        8.3.1. Sailing Yacht

        8.3.2. Motor Yacht

        8.3.3. Catamaran Yacht

    8.4. Market Attractiveness, by Yacht Type

9. Global Yacht Charter Market Analysis and Forecast, by Motor Yacht Sub-type

    9.1. Introduction & Definition

    9.2. Key Findings

    9.3. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        9.3.1. Classic

        9.3.2. Open

        9.3.3. Large

    9.4. Market Attractiveness, by Motor Yacht Sub-type

10. Global Yacht Charter Market Analysis and Forecast, by Yacht Size

    10.1. Introduction & Definition

    10.2. Key Findings

    10.3. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        10.3.1. Small

        10.3.2. Medium

        10.3.3. Large

    10.4. Market Attractiveness, by Yacht Size

11. Global Yacht Charter Market Analysis and Forecast, by Consumer Type

    11.1. Introduction & Definition

    11.2. Key Findings

    11.3. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        11.3.1. Corporate

        11.3.2. Retail

        11.3.3. Others

    11.4. Market Attractiveness, by Consumer Type

12. Global Yacht Charter Market Analysis and Forecast, by Region

    12.1. Key Findings

    12.2. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Region, 2017‒2031

        12.2.1. North America

        12.2.2. South America

        12.2.3. Europe

        12.2.4. Asia Pacific

        12.2.5. Middle East & Africa

    12.3. Market Attractiveness, by Region

13. North America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

    13.1. Key Findings

    13.2. North America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        13.2.1. Sailing Yacht

        13.2.2. Motor Yacht

        13.2.3. Catamaran Yacht

    13.3. North America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        13.3.1. Classic

        13.3.2. Open

        13.3.3. Large

    13.4. North America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        13.4.1. Small

        13.4.2. Medium

        13.4.3. Large

    13.5. North America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        13.5.1. Corporate

        13.5.2. Retail

        13.5.3. Others

    13.6. U.S. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        13.6.1. Sailing Yacht

        13.6.2. Motor Yacht

        13.6.3. Catamaran Yacht

    13.7. U.S. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        13.7.1. Classic

        13.7.2. Open

        13.7.3. Large

    13.8. U.S. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        13.8.1. Small

        13.8.2. Medium

        13.8.3. Large

    13.9. U.S. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        13.9.1. Corporate

        13.9.2. Retail

        13.9.3. Others

    13.10. Canada Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        13.10.1. Sailing Yacht

        13.10.2. Motor Yacht

        13.10.3. Catamaran Yacht

    13.11. Canada Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        13.11.1. Classic

        13.11.2. Open

        13.11.3. Large

    13.12. Canada Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        13.12.1. Small

        13.12.2. Medium

        13.12.3. Large

    13.13. Canada Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        13.13.1. Corporate

        13.13.2. Retail

        13.13.3. Others

    13.14. PEST Analysis

14. South America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

    14.1. Key Findings

    14.2. South America Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        14.2.1. Sailing Yacht

        14.2.2. Motor Yacht

        14.2.3. Catamaran Yacht

    14.3. South America Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        14.3.1. Classic

        14.3.2. Open

        14.3.3. Large

    14.4. South America Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        14.4.1. Small

        14.4.2. Medium

        14.4.3. Large

    14.5. South America Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        14.5.1. Corporate

        14.5.2. Retail

        14.5.3. Others

    14.6. Brazil Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        14.6.1. Sailing Yacht

        14.6.2. Motor Yacht

        14.6.3. Catamaran Yacht

    14.7. Brazil Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        14.7.1. Classic

        14.7.2. Open

        14.7.3. Large

    14.8. Brazil Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        14.8.1. Small

        14.8.2. Medium

        14.8.3. Large

    14.9. Brazil Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        14.9.1. Corporate

        14.9.2. Retail

        14.9.3. Others

    14.10. Mexico Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        14.10.1. Sailing Yacht

        14.10.2. Motor Yacht

        14.10.3. Catamaran Yacht

    14.11. Mexico Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        14.11.1. Classic

        14.11.2. Open

        14.11.3. Large

    14.12. Mexico Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        14.12.1. Small

        14.12.2. Medium

        14.12.3. Large

    14.13. Mexico Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        14.13.1. Corporate

        14.13.2. Retail

        14.13.3. Others

    14.14. Rest of South America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        14.14.1. Sailing Yacht

        14.14.2. Motor Yacht

        14.14.3. Catamaran Yacht

    14.15. Rest of South America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        14.15.1. Classic

        14.15.2. Open

        14.15.3. Large

    14.16. Rest of South America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        14.16.1. Small

        14.16.2. Medium

        14.16.3. Large

    14.17. Rest of South America Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        14.17.1. Corporate

        14.17.2. Retail

        14.17.3. Others

    14.18. PEST Analysis

15. Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

    15.1. Key Findings

    15.2. Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.2.1. Sailing Yacht

        15.2.2. Motor Yacht

        15.2.3. Catamaran Yacht

    15.3. Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.3.1. Classic

        15.3.2. Open

        15.3.3. Large

    15.4. Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.4.1. Small

        15.4.2. Medium

        15.4.3. Large

    15.5. Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.5.1. Corporate

        15.5.2. Retail

        15.5.3. Others

    15.6. Germany Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.6.1. Sailing Yacht

        15.6.2. Motor Yacht

        15.6.3. Catamaran Yacht

    15.7. Germany Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.7.1. Classic

        15.7.2. Open

        15.7.3. Large

    15.8. Germany Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.8.1. Small

        15.8.2. Medium

        15.8.3. Large

    15.9. Germany Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.9.1. Corporate

        15.9.2. Retail

        15.9.3. Others

    15.10. France Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.10.1. Sailing Yacht

        15.10.2. Motor Yacht

        15.10.3. Catamaran Yacht

    15.11. France Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.11.1. Classic

        15.11.2. Open

        15.11.3. Large

    15.12. France Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.12.1. Small

        15.12.2. Medium

        15.12.3. Large

    15.13. France Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.13.1. Corporate

        15.13.2. Retail

        15.13.3. Others

    15.14. U.K. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.14.1. Sailing Yacht

        15.14.2. Motor Yacht

        15.14.3. Catamaran Yacht

    15.15. U.K. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.15.1. Classic

        15.15.2. Open

        15.15.3. Large

    15.16. U.K. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.16.1. Small

        15.16.2. Medium

        15.16.3. Large

    15.17. U.K. Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.17.1. Corporate

        15.17.2. Retail

        15.17.3. Others

    15.18. Spain Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.18.1. Sailing Yacht

        15.18.2. Motor Yacht

        15.18.3. Catamaran Yacht

    15.19. Spain Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.19.1. Classic

        15.19.2. Open

        15.19.3. Large

    15.20. Spain Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.20.1. Small

        15.20.2. Medium

        15.20.3. Large

    15.21. Spain Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.21.1. Corporate

        15.21.2. Retail

        15.21.3. Others

    15.22. Italy Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.22.1. Sailing Yacht

        15.22.2. Motor Yacht

        15.22.3. Catamaran Yacht

    15.23. Italy Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.23.1. Classic

        15.23.2. Open

        15.23.3. Large

    15.24. Italy Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.24.1. Small

        15.24.2. Medium

        15.24.3. Large

    15.25. Italy Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.25.1. Corporate

        15.25.2. Retail

        15.25.3. Others

    15.26. Rest of Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        15.26.1. Sailing Yacht

        15.26.2. Motor Yacht

        15.26.3. Catamaran Yacht

    15.27. Rest of Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        15.27.1. Classic

        15.27.2. Open

        15.27.3. Large

    15.28. Rest of Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        15.28.1. Small

        15.28.2. Medium

        15.28.3. Large

    15.29. Rest of Europe Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        15.29.1. Corporate

        15.29.2. Retail

        15.29.3. Others

    15.30. PEST Analysis

16. Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

    16.1. Key Findings

    16.2. Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.2.1. Sailing Yacht

        16.2.2. Motor Yacht

        16.2.3. Catamaran Yacht

    16.3. Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.3.1. Classic

        16.3.2. Open

        16.3.3. Large

    16.4. Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.4.1. Small

        16.4.2. Medium

        16.4.3. Large

    16.5. Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.5.1. Corporate

        16.5.2. Retail

        16.5.3. Others

    16.6. China Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.6.1. Sailing Yacht

        16.6.2. Motor Yacht

        16.6.3. Catamaran Yacht

    16.7. China Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.7.1. Classic

        16.7.2. Open

        16.7.3. Large

    16.8. China Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.8.1. Small

        16.8.2. Medium

        16.8.3. Large

    16.9. China Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.9.1. Corporate

        16.9.2. Retail

        16.9.3. Others

    16.10. Japan Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.10.1. Sailing Yacht

        16.10.2. Motor Yacht

        16.10.3. Catamaran Yacht

    16.11. Japan Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.11.1. Classic

        16.11.2. Open

        16.11.3. Large

    16.12. Japan Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.12.1. Small

        16.12.2. Medium

        16.12.3. Large

    16.13. Japan Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.13.1. Corporate

        16.13.2. Retail

        16.13.3. Others

    16.14. India Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.14.1. Sailing Yacht

        16.14.2. Motor Yacht

        16.14.3. Catamaran Yacht

    16.15. India Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.15.1. Classic

        16.15.2. Open

        16.15.3. Large

    16.16. India Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.16.1. Small

        16.16.2. Medium

        16.16.3. Large

    16.17. India Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.17.1. Corporate

        16.17.2. Retail

        16.17.3. Others

    16.18. ASEAN Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.18.1. Sailing Yacht

        16.18.2. Motor Yacht

        16.18.3. Catamaran Yacht

    16.19. ASEAN Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.19.1. Classic

        16.19.2. Open

        16.19.3. Large

    16.20. ASEAN Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.20.1. Small

        16.20.2. Medium

        16.20.3. Large

    16.21. ASEAN Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.21.1. Corporate

        16.21.2. Retail

        16.21.3. Others

    16.22. Rest of Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        16.22.1. Sailing Yacht

        16.22.2. Motor Yacht

        16.22.3. Catamaran Yacht

    16.23. Rest of Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        16.23.1. Classic

        16.23.2. Open

        16.23.3. Large

    16.24. Rest of Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        16.24.1. Small

        16.24.2. Medium

        16.24.3. Large

    16.25. Rest of Asia Pacific Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        16.25.1. Corporate

        16.25.2. Retail

        16.25.3. Others

    16.26. PEST Analysis

17. Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, 2017‒2031

    17.1. Key Findings

    17.2. Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        17.2.1. Sailing Yacht

        17.2.2. Motor Yacht

        17.2.3. Catamaran Yacht

    17.3. Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        17.3.1. Classic

        17.3.2. Open

        17.3.3. Large

    17.4. Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        17.4.1. Small

        17.4.2. Medium

        17.4.3. Large

    17.5. Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        17.5.1. Corporate

        17.5.2. Retail

        17.5.3. Others

        17.5.4. Transmission System

        17.5.5. Others

    17.6. GCC Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        17.6.1. Sailing Yacht

        17.6.2. Motor Yacht

        17.6.3. Catamaran Yacht

    17.7. GCC Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        17.7.1. Classic

        17.7.2. Open

        17.7.3. Large

    17.8. GCC Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        17.8.1. Small

        17.8.2. Medium

        17.8.3. Large

    17.9. GCC Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        17.9.1. Corporate

        17.9.2. Retail

        17.9.3. Others

    17.10. South Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        17.10.1. Sailing Yacht

        17.10.2. Motor Yacht

        17.10.3. Catamaran Yacht

    17.11. South Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        17.11.1. Classic

        17.11.2. Open

        17.11.3. Large

    17.12. South Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        17.12.1. Small

        17.12.2. Medium

        17.12.3. Large

    17.13. South Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        17.13.1. Corporate

        17.13.2. Retail

        17.13.3. Others

    17.14. Rest of Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

        17.14.1. Sailing Yacht

        17.14.2. Motor Yacht

        17.14.3. Catamaran Yacht

    17.15. Rest of Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Motor Yacht Sub-type, 2017‒2031

        17.15.1. Classic

        17.15.2. Open

        17.15.3. Large

    17.16. Rest of Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

        17.16.1. Small

        17.16.2. Medium

        17.16.3. Large

    17.17. Rest of Middle East & Africa Yacht Charter Market Volume (Units) & Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

        17.17.1. Corporate

        17.17.2. Retail

        17.17.3. Others

    17.18. PEST Analysis

18. Competition Landscape

    18.1. Market Share Analysis By Company (2018)

    18.2. Market Player – Competition Matrix (By Tier, Size of companies and Key Success)

    18.3. Key Market Players (Details – Overview, Overall Revenue, Recent Developments, Strategy)

        18.3.1. Boat International Media Ltd.

            18.3.1.1. Overview

            18.3.1.2. Overall Revenue

            18.3.1.3. Recent Developments

            18.3.1.4. Strategy

        18.3.2. Boatbound Inc.

            18.3.2.1. Overview

            18.3.2.2. Overall Revenue

            18.3.2.3. Recent Developments

            18.3.2.4. Strategy

        18.3.3. Burgess

            18.3.3.1. Overview

            18.3.3.2. Overall Revenue

            18.3.3.3. Recent Developments

            18.3.3.4. Strategy

        18.3.4. Charter Yachts Australia

            18.3.4.1. Overview

            18.3.4.2. Overall Revenue

            18.3.4.3. Recent Developments

            18.3.4.4. Strategy

        18.3.5. CharterWorld LLP

            18.3.5.1. Overview

            18.3.5.2. Overall Revenue

            18.3.5.3. Recent Developments

            18.3.5.4. Strategy

        18.3.6. Dream Yacht Charter

            18.3.6.1. Overview

            18.3.6.2. Overall Revenue

            18.3.6.3. Recent Developments

            18.3.6.4. Strategy

        18.3.7. Fairline Yacht

            18.3.7.1. Overview

            18.3.7.2. Overall Revenue

            18.3.7.3. Recent Developments

            18.3.7.4. Strategy

        18.3.8. Fraser Yachts

            18.3.8.1. Overview

            18.3.8.2. Overall Revenue

            18.3.8.3. Recent Developments

            18.3.8.4. Strategy

        18.3.9. Incrediblue Ltd.

            18.3.9.1. Overview

            18.3.9.2. Overall Revenue

            18.3.9.3. Recent Developments

            18.3.9.4. Strategy

        18.3.10. Inter Yacht Charter

            18.3.10.1. Overview

            18.3.10.2. Overall Revenue

            18.3.10.3. Recent Developments

            18.3.10.4. Strategy

        18.3.11. Martello Yachting and Company

            18.3.11.1. Overview

            18.3.11.2. Overall Revenue

            18.3.11.3. Recent Developments

            18.3.11.4. Strategy

        18.3.12. Nicholson Yachts

            18.3.12.1. Overview

            18.3.12.2. Overall Revenue

            18.3.12.3. Recent Developments

            18.3.12.4. Strategy

        18.3.13. Northrop & Johnson

            18.3.13.1. Overview

            18.3.13.2. Overall Revenue

            18.3.13.3. Recent Developments

            18.3.13.4. Strategy

        18.3.14. Sailing Thailand Island Cruises Co., Ltd.

            18.3.14.1. Overview

            18.3.14.2. Overall Revenue

            18.3.14.3. Recent Developments

            18.3.14.4. Strategy

        18.3.15. Simpson Marine

            18.3.15.1. Overview

            18.3.15.2. Overall Revenue

            18.3.15.3. Recent Developments

            18.3.15.4. Strategy

        18.3.16. Super Yacht Logistics, LLC

            18.3.16.1. Overview

            18.3.16.2. Overall Revenue

            18.3.16.3. Recent Developments

            18.3.16.4. Strategy

        18.3.17. Thai Charters

            18.3.17.1. Overview

            18.3.17.2. Overall Revenue

            18.3.17.3. Recent Developments

            18.3.17.4. Strategy

        18.3.18. West Coast Marine Yacht Services Pvt Ltd.

            18.3.18.1. Overview

            18.3.18.2. Overall Revenue

            18.3.18.3. Recent Developments

            18.3.18.4. Strategy

        18.3.19. Yacht Charter Fleet

            18.3.19.1. Overview

            18.3.19.2. Overall Revenue

            18.3.19.3. Recent Developments

            18.3.19.4. Strategy

        18.3.20. Yachtico, Inc.

            18.3.20.1. Overview

            18.3.20.2. Overall Revenue

            18.3.20.3. Recent Developments

            18.3.20.4. Strategy

        18.3.21. Zizooboats GmbH

            18.3.21.1. Overview

            18.3.21.2. Overall Revenue

            18.3.21.3. Recent Developments

            18.3.21.4. Strategy

List of Tables

Table 1: Global Yacht Charter Market Volume ( Units) Forecast, by Yacht Type, 2017‒2031

Table 2: Global Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 3: Global Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 4: Global Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 5: Global Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 6: Global Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 7: Global Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 8: Global Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 9: Global Yacht Charter Market Volume (Units) Forecast, by Region, 2017‒2031

Table 10: Global Yacht Charter Market Value (US$ Mn) Forecast, by Region, 2017‒2031

Table 11: North America Yacht Charter Market Volume ( Units) Forecast, by Yacht Type, 2017‒2031

Table 12: North America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 13: North America Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 14: North America Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 15: North America Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 16: North America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 17: North America Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 18: North America Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 19: North America Yacht Charter Market Volume (Units) Forecast, by Country, 2017‒2031

Table 20: North America Yacht Charter Market Value (US$ Mn) Forecast, by Country, 2017‒2031

Table 21: Europe Yacht Charter Market Volume ( Units) Forecast, by Yacht Type, 2017‒2031

Table 22: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 23: Europe Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 24: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 25: Europe Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 26: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 27: Europe Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 28: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 29: Europe Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Table 30: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 31: Asia Pacific Yacht Charter Market Volume ( Units) Forecast, by Yacht Type, 2017‒2031

Table 32: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 33: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 34: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 35: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 36: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 37: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 38: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 39: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Table 40: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 41: Middle East & Africa Yacht Charter Market Volume ( Units) Forecast, by Yacht Type, 2017‒2031

Table 42: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 43: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 44: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 45: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 46: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 47: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 48: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 49: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Table 50: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 51: South America Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Table 52: South America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Type, 2017‒2031

Table 53: South America Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 54: South America Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Table 55: South America Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Table 56: South America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Table 57: South America Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Table 58: South America Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Table 59: South America Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Table 60: South America Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

List of Figures

Figure 1: Global Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 2: Global Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 3: Global Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 4: Global Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 5: Global Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 6: Global Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 7: Global Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 8: Global Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 9: Global Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 10: Global Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 11: Global Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 12: Global Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 13: Global Yacht Charter Market Volume (Units) Forecast, by Region, 2017‒2031

Figure 14: Global Yacht Charter Market Value (US$ Mn) Forecast, by Region, 2017‒2031

Figure 15: Global Yacht Charter Market, Incremental Opportunity, by Region, Value (US$ Mn), 2022‒2031

Figure 16: North America Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 17: North America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 18: North America Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 19: North America Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 20: North America Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 21: North America Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 22: North America Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 23: North America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 24: North America Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 25: North America Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 26: North America Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 27: North America Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 28: North America Yacht Charter Market Volume (Units) Forecast, by Country, 2017‒2031

Figure 29: North America Yacht Charter Market Value (US$ Mn) Forecast, by Country, 2017‒2031

Figure 30: North America Yacht Charter Market, Incremental Opportunity, by Country, Value (US$ Mn), 2022‒2031

Figure 31: Europe Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 32: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 33: Europe Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 34: Europe Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 35: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 36: Europe Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 37: Europe Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 38: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 39: Europe Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 40: Europe Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 41: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 42: Europe Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 43: Europe Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Figure 44: Europe Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Figure 45: Europe Yacht Charter Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022‒2031

Figure 46: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 47: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 48: Asia Pacific Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 49: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 50: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 51: Asia Pacific Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 52: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 53: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 54: Asia Pacific Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 55: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 56: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 57: Asia Pacific Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 58: Asia Pacific Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Figure 59: Asia Pacific Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Figure 60: Asia Pacific Yacht Charter Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022‒2031

Figure 61: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 62: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 63: Middle East & Africa Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 64: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 65: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 66: Middle East & Africa Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 67: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 66: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 67: Middle East & Africa Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 68: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 69: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 70: Middle East & Africa Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 71: Middle East & Africa Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Figure 72: Middle East & Africa Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Figure 73: Middle East & Africa Yacht Charter Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022‒2031

Figure 74: South America Yacht Charter Market Volume (Units) Forecast, by Yacht Type, 2017‒2031

Figure 75: South America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht type, 2017‒2031

Figure 76: South America Yacht Charter Market, Incremental Opportunity, by Yacht Type, Value (US$ Mn), 2022‒2031

Figure 77: South America Yacht Charter Market Volume (Units) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 78: South America Yacht Charter Market Value (US$ Mn) Forecast, by Motor Yacht Sub Type, 2017‒2031

Figure 79: South America Yacht Charter Market, Incremental Opportunity, by Motor Yacht Sub Type, Value (US$ Mn), 2022‒2031

Figure 80: South America Yacht Charter Market Volume (Units) Forecast, by Yacht Size, 2017‒2031

Figure 81: South America Yacht Charter Market Value (US$ Mn) Forecast, by Yacht Size, 2017‒2031

Figure 82: South America Yacht Charter Market, Incremental Opportunity, by Yacht Size, Value (US$ Mn), 2022‒2031

Figure 83: South America Yacht Charter Market Volume (Units) Forecast, by Consumer Type, 2017‒2031

Figure 84: South America Yacht Charter Market Value (US$ Mn) Forecast, by Consumer Type, 2017‒2031

Figure 85: South America Yacht Charter Market, Incremental Opportunity, by Consumer Type, Value (US$ Mn), 2022‒2031

Figure 86: South America Yacht Charter Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

Figure 87: South America Yacht Charter Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Figure 88: South America Yacht Charter Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022‒2031

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U.S. 60-80 Feet Motorized Yacht Charter Market Size, Share, Competitive Landscape and Trend Analysis Report by Application : Opportunity Analysis and Industry Forecast, 2021-2030

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The U.S. 60-80 feet motorized yacht charter market was valued at $215.9 million in 2020, and is projected to reach $803.7 million by 2030, registering a CAGR of 14.0% from 2021 to 2030.

Yacht is a motor-driven or sail-driven vessels that is used for recreational purposes. Yachts can be privately owned (individual or by a company) or can be lend for chartering. Many luxury yacht manufacturers are providing yachts for renting as well as private purposes to provide seamless and luxurious experiences with enhanced comfort. OEMs are strategically focusing on developing high-speed yachts to cater to the demands of customers, due to increase in inclination toward marine tourism and water sports. The two major types of charters are bareboat and crewed, which are employed for sailing purposes. These boats offer all the benefits, from absolute relaxation to explore various destinations.

US-60-80-Feet-Motorized-Yacht-Charter-Market-2021-2030

The growth of the U.S. 60-80 feet motorized yacht charter market is driven by increase in number of private islands on cruise itineraries, shift toward alternative sources of energy & rise in disposable income, and increase in number of high net worth individuals. However, high cost associated with yacht chartering and rise in environmental concerns associated with boating act as the key deterrent factor of the market. On the contrary, increase in involvement of intermediaries & hybrid business models, changes in yacht infrastructure, and rise in trend of yacht tourism are expected to offer ample opportunities for the expansion of the market across the U.S.

The U.S. 60-80 feet motorized yacht charter market is segmented into application. The applications covered in the study include vacation or leisure and others.

The key players profiled in the U.S. 60-80 feet motorized yacht charter market are Anacortes Yacht Charters, Boatsetter, Charles Charters, GetMyBoat, Metro Yacht Charters of New York, Northrop & Johnson, Ritzy Charters, Sailo, Seattle Yachts, Tranquilisea Yachting, and Yachtico Inc. 

Increase in number of private islands on cruise itineraries 

The trend of adventure traveling is growing at a rapid pace, and cruise expeditions are witnessing the impact. As per the industry experts operating across U.S.-based yachting industry, there are about 25 expedition cruise ships on order across different yacht manufacturers, most of which have been contracted in 2017. Furthermore, numerous cruise builders are investing in land-based private islands that allow cruise lines to offer customers exclusive beach time as an extension of the onboard experience. In addition, in 2017, cruise lines offered ports on a total of seven private islands, and later increased services to other islands in 2019 and 2020. As per the National Marine Manufacturers Association (NMMA), the U.S. experienced rise in number of marine fleets by about 12% in 2020, as compared to 2019. Increase in affluent population and add-on services offered by cruise are further expected to fuel the growth of the yacht charter industry in future.

In addition, the purchasing power in Asia is expected to rise by eight times between 2010 and 2030, whereas by the next 20 years, inequalities between developed and developing economies will be narrowed. This trend is paving the way for the growth of the yacht charter industry during the forecast period.

Shift toward alternative sources of energy and rise in disposable income 

As yachting is a consumer discretionary activity, the growth of the industry is directly related to the disposable income. The world’s economy is no longer driven by the first-tier income-ranking countries due to robust purchasing power of developing countries. Furthermore, many of the OEMs are now focusing on implementing alternative sources of energy for yachting purpose. 

For instance, solar-powered yachts are becoming a popular alternative to replace conventional diesel-powered yachts, owing to increase in awareness regarding environmental concerns. For instance, new technologies such as hydro generators, bio diesel, and fuel cells are used, and have scope for innovation to replace traditional fuels, thus contributing toward the market growth.

High cost associated with yacht charter 

Yachts have a chartering price, which is considered as the weekly rate to rent the boat, and this varies as per the boat depending on their facilities. The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. 

Therefore, yacht charters have a wide range of base prices. Moreover, charters can cost from $10,000 per week on smaller sailing yachts and catamarans up to $150,000+ per week on the most luxurious motor superyachts. 

In addition, yacht chartering incurs hidden cost along with the taxes and value-added tax (VAT), Insurance, crew gratuity, advanced provisioning allowance and others that cost roughly 15–30% of the base price. Moreover, this minimal charge is collected prior to charter. Thus, high associated with yacht charter acts as a barrier to many customers in developing countries, which restrains the growth of the 60–80 feet motorized yacht market.

Rise in trend of yacht tourism 

In the U.S., the trend of yacht tourism has been witnessed to grow exponentially, due to rise in trend of marine travelling and increase in recreational activities carried out across water along with sea-based office parties & gatherings. Yacht tourism has become elite kind of leisure with well-entrenched mass entertainment system. Yacht tourism is not only restricted to aristocrats but it has also expanded to middle class. It has many forms such as fishing, sightseeing, and leisure sailing with the latter being the most preferred. Increase in the success of yachting tourism has resulted in intensified orders of 60-80 feet yachts in the forthcoming years. 

Others is projected as the most lucrative segments

Covid-19 Impact Analysis

  • The COVID-19 pandemic outbreak has caused widespread economic downturn, as several countries imposed strict lockdowns to contain the infection.
  • This has affected diverse industries; manufacturing is one of the severely impacted sectors. For instance, a major player, Princess Yachts, reported that sales were 50% lower in April 2020 than in April 2019.
  • There has been significant impact on supply chains globally. Boats and engine manufacturing companies have faced huge losses during the first & second quarter of 2020 due to disrupted supply chains and production schedules.
  • The rapid spread of COVID-19 in the U.S., Europe, and Asian economies resulted in nationwide lockdown and a temporary halt of production facilities to prevent further spread.
  • With increasing number of cases, consumers opted to spend on necessities and food supply compared to recreational & leisure activities in the highly impacted regions, including Europe and Asia-Pacific.
  • The North American yacht chartering market witnessed a slight dip in the first quarter of 2020, owing to the pandemic's sudden outbreak. Companies having reservations either delayed or cancelled their possible trips due to imposed government restrictions to retain the spread of COVID-19.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the U.S. 60-80 feet motorized yacht charter market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the U.S. 60-80 feet motorized yacht charter market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

  U.S. 60-80 Feet Motorized Yacht Charter Market Report Highlights

Analyst Review

The growth of the U.S. 60-80 feet motorized yacht charter market is driven by numerous developments & growth strategies carried out by the top service providers operating across the industry. The leading companies stated that the U.S. 60–80 motorized yacht market is expected to witness significant growth in the future. In addition, U.S. yacht charter market is expected to remain influenced by need for luxurious lifestyle. Moreover, introduction of new materials such as structural glass has allowed yacht architectures to reach new levels of sophistication.

Moreover, the increase in number of yacht production as well as under construction yacht projects is estimated to have a significant growth for the U.S. yacht market. Featuring helipads, swimming pools, saunas, hot tubs, and more, yachts are epitome of luxury. In addition, key operating players in this business are adopting acquisition and expansion strategies to strengthen their foothold internationally. For instance, the boat rental Spain-based company, Nautal raised funding of $1.1 million to consolidate its market position in Spain and expand in the U.S.

The U.S. based yacht charter market remained one of the few bright spots, due to efficient services offered by the key players operating across the U.S. With strong underlying driving factors such as increase in number of private islands on cruise itineraries, shift toward alternative sources of energy, rise in disposable income coupled with purchasing power, and surge in population with high net worth, the market is expected to witness significant growth during the forecast period.

  • Yachts Chartering
  • Motor Yachts
  • Yacht Rentals
  • Sailing Yacht Charters
  • Luxury Yacht Charters
  • Transportation

Yacht charter holds a market share of $215.9 million in 2020 and is projected to be valued at $803.7 million in 2030 with a CAGR of 14.0% during 2021-2030.

Yes yacht chartering is a profitable business across the U.S. as most of the companies operating across the industry have developed products to be used across the industry which makes it a profitable business across the country.

The sample for U.S. 60-80 feet motorized yacht charter market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

Boatsetter, Yachitco, Northrop & Johnson, Charles Charter are some of the major companies operating across the country.

The company profiles of the top market players of U.S. 60-80 feet motorized yacht charter market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the U.S. 60-80 feet motorized yacht charter market.

Yacht charter companies offers rental services to its customers through which the company makes money.

Boatsetter, Yachitco, Northrop & Johnson, Charles Charter are some of the major companies operating across the country and holds a consideraqble market share across the country.

Investments followed by product developments are the upcomiong trends of yacht charters in U.S.

Yacht charter holds a market share of $215.9 million in 2020 and is projected to be valued at $803.7 million in 2030.

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U.S. 60-80 Feet Motorized Yacht Charter Market

Opportunity Analysis and Industry Forecast, 2021-2030

yacht charter market

6 Tips For Choosing The Best Yacht Charter Experience

C hartering a yacht is the ultimate in custom vacationing, a travel trend that gained traction during COVID and shows no signs of stopping. It offers travelers an opportunity to reach their dream destinations in comfort, style, and exclusivity. The best part: Very often, this bespoke experience can be cheaper than a cruise on a higher-end line you’d have to share with a lot of strangers!

Here are six tips for choosing the best yacht charter experience to suit your style, tastes, and holiday goals!

1. Work Within Your Budget

For most travelers, money is indeed an object, or at least a big consideration. A great charter company has a fleet of vessels at its fingertips, from smaller options such as a catamaran or sailing yacht all the way up to a super yacht with ultra amenities. Their team will work with you to assess your travel budget and offer appropriate options. Keep in mind: There’s all sorts of costs — such as fuel, docking fees, and other extras — that factor into a vacation like this. Some companies roll most of those items into a blanket price, others will calculate them separately or in an overage fee called an “advance provisioning allowance.”

Quick Example: Last year, I sailed on the super yacht Ohana in Croatia. It was part of the Goolets charter group based in Slovenia, which charges a flat weekly accommodation cost; an advance provisioning fee is assessed for food, beverages, and any other extras. The lovely ship slept up to 30 guests quite comfortably and all-in at high season (with APF included) was about $143,000 a week. Steep? Sure, at first glance. But broken down per person, the cost comes out to about $4,300 for each friend or family member. That’s food, drinks, excursions, everything. So, it turns out this kind of travel can indeed be budget-friendly and a good charter will work with you to maximize your money.

2. Location, Location, Location

When considering a private yacht vacation, location is everything. The good news is that charter companies operate all over the world, from the aforementioned Croatia to Australia, the Caribbean, Indonesia, and everywhere there’s sea in between.

If you’ve got a dream destination on your bucket list, a private yacht vacation will help get you there. Choose a charter company that has deep bench strength in the region you want to visit. They’ll have a wide range of yachts and corresponding itineraries for you to consider, ensuring the perfect experience for you and your party. Whether you crave the party scene of Greece, Italy, or the Riviera, or prefer something more far-flung and secluded such as the Seychelles or Maldives, a yacht charter experience will have you covered.

3. Consider Your Entire Party’s Needs

Another big perk of a great charter company: They will handle all the onboard logistics during your cruise, considering your entire party’s interests, must-dos, mobility levels, and even special occasions in an easy, effortless manner. They will interview you ahead of time to assess your interests, then craft an itinerary that suits everyone from start to finish. Keep in mind, they know the local area, plus have access to the best guides and onshore experiences. They will pull out all the stops to make sure everyone in your group has a terrific time.

Culture vultures to party animals will have the perfect vacation planned for them by the yacht charter. From city walking tours led by historians to exclusive access to the best clubs and other hotspots, the charter company and your yacht’s onboard staff are there to make sure it’s all picture-perfect. And if you feel like scrapping your schedule for the day and choosing to stay on the water? That’s just fine, too. The crew will roll with your wishes and honor them.

4. Food And Beverages = Big Deals On Board

No question about it, fabulous food and hand-crafted beverages are central to a terrific private yacht experience. Again, this is where that thorough pre-interview really comes into play. A charter company will consider not just preferences, but any allergies, dietary considerations, or religious restrictions to make sure the chef is prepped accordingly. Expect special snacks and other surprise touches to shine through as well; during my charter, a special birthday cake was procured and presented to a young guest after dinner on his big day.

While the yacht’s team will make sure your food tastes just as spectacular as it looks, they’ll also likely lean into the regional culinary scene with locally sourced fruits, vegetables, meats, and of course, seafood! Keep in mind your yacht’s stewards are responsible for keeping bar service running smoothly; by the second day, they knew which mid-afternoon cocktail I fancied (Croatian sparkling wine) and which wines I preferred at dinner. My glass was never empty, until I signaled I was done for the evening.

Bottom Line: Your culinary service should be seamless and impeccable during your time on board.

5. Don’t Forget The Water Toys

Water toys are a big part of a private yacht experience — you’re on the water after all and want to make sure you can get out there and enjoy it. Look for a vessel that has a robust fleet of options that align with your party’s fitness level and recreation (or adrenaline!) goals. Kayaks, rafts, and jet skis are all fairly standard; some yachts also include seabobs, massive water slides, and even inflatable water playgrounds to ensure multi-gen fun on the water. 

Pro Tip: Depending on the destination, divers will also want to inquire about scuba or snorkel equipment.

6. Find A “Your Wish Is Their Command” Crew

One of the best parts of a private yacht vacation is the bespoke service you’ll experience every step of the way; the goal is to make sure you want for nothing during your time on board. Craving a cucumber water while you’re lounging on deck? They’ll have it. Want to make sure there are snacks waiting for you after you return from kayaking? Of course! And want to take your dinner to another level? Crews take great pride in creating over-the-top table masterpieces and theme nights that will dazzle everyone in your party.

Of course, crews can and do accommodate more outrageous requests, but don’t be that Below Deck nightmare and ask them for something that’s illegal. It puts them in a terrible position where they could be held liable, and it’s just not cool.

Keep In Mind: A crew that provides excellent service deserves excellent recognition. Be kind and make sure you factor an appropriate tip into your budget. It’s very often not included in the price of the charter or advance provisioning fee.

For more cruise content like this, check out these articles:

  • 9 Best Alaska Cruise Lines
  • 8 Best Cruise Lines According To Our Readers
  • 6 Cruise Splurges Our Experts Say Are Worth Every Penny

This article originally appeared on TravelAwaits

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yacht charter market

Benetti begins outfitting work on first 67m B.Now steel superyacht

The first unit in Benetti' s new 67-metre B.Now series has begun outfitting at the shipyard's facilities in Livorno, with delivery scheduled for 2026. The yacht was sold by West Nautical in October 2022.

Provisionally known as FB289, once launched the superyacht will be the largest in the Benetti fleet to be built with the shipyard's trademark Oasis deck.

The Oasis deck was first seen on the Benetti Oasis 40M Rebeca and sees the traditional beach club set-up replaced with a tiered aft deck that stretches from the main saloon to the water's edge. The space can then be widened by deploying two side wing platforms and is completed with a glass-fronted infinity pool.

The success of the design saw the shipyard offer the Oasis deck option on its larger B.Now models, including the 67M which has been designed in collaboration with British studio RWD . Interiors, meanwhile, have been styled by Reymond Langton Design .

Other design features of the B.Now series include an open-plan saloon with floor-to-ceiling windows and sliding glass doors that open fully to create a single indoor-outdoor living space that encompasses the majority of the main deck. This particular model has been designed to accommodate 12 guests across seven cabins and operates with a crew of 17.

Leisure highlights on board this unit include an observation deck, a main deck lobby, an outdoor pool and a gym and beach club on the lower deck.

"The success of the B.Now line, and the general increase in demand for large steel yachts, is an important acknowledgement of Benetti’s customisation expertise and our ability to satisfy the owners’ needs and tastes," said Massimiliano Casoni, Benetti general manager.

Geoff Moore, West Nautical managing director, added: "During the first phase of the build with the steel and aluminium construction work, it was great to oversee the project between Benetti and their suppliers. Now the outfitting work starts at Benetti’s Livorno shipyard for two years of work before her delivery, which will be closely overseen by our on-site project managers."

This follows the recent redelivery of the 25.6-metre classic Benetti Mi Amor .

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IMAGES

  1. What is the global market forecast for Yacht Charter?

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  2. Yacht Charter Market Size, Trends, Growth, Statistics 2021-2025

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  3. Yacht Charter Market Size, Share

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  4. Yachts Charter Market

    yacht charter market

  5. Global Yacht Charter Market 2024-2030

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  6. Yacht Charter Market Size, Statistics, Trends, Analysis by 2026

    yacht charter market

COMMENTS

  1. Yacht Charter Market Size, Share

    The global yacht charter market size was valued at USD 7.22 billion in 2022. The market is projected to grow from USD 7.59 billion in 2023 to USD 11.06 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period. A yacht charter is a service for hiring boats for recreational and leisure purposes.

  2. Yacht Charter Market

    The Yacht Charter Market is expected to register a CAGR of 5.79% during the forecast period. The market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic.

  3. Yacht Charter Market Size & Trends Analysis Report, 2020-2027

    The global yacht charter market size was valued at USD 6.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. The growing preference among travelers for luxury marine tourism and personalized services are the primary factors that are fueling the growth. Rising participation of people in ...

  4. Yacht Charter Market Size, Analysis, Share, Trends, Report

    The global yacht charter market size was valued at $11.4 billion in 2022, and is projected to reach $20.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032. Report Key Highlights: The report covers a detailed analysis on truck yacht charter market. The yacht charter market share has been analyzed from the year 2022 till the year 2032 ...

  5. Yacht Charter Market

    We asked top brokers about the state of the charter market and their forecasts for the summer 2024 charter season. Apr 17, 2024 Who is Big Blue Expeditions, the new CA of the 126m M/Y Octopus? 🐙

  6. Yacht Charter Market Share, Trends & Forecast by 2033

    The yacht charter market is estimated to be valued at US$ 19 billion in 2023 and is expected to reach a valuation of US$ 31 billion by 2033. The adoption of yacht charter likely to advance at a CAGR of 5% during the forecast period. Yacht charters accounted for 30-35% share of the global boat market in 2020. Increased interest and spending on ...

  7. Yacht Charter Market Size, Share, Analysis, Growth 2024-2032

    The global yacht charter market attained a value of USD 19.78 billion in 2023, driven by the increasing demand for travel and leisure among the working-class population, rising standards of living, and emergence of online booking system. Aided by the favourable government policies aimed at bolstering the marine tourism sector, the market is ...

  8. Global Yacht Charter Market

    Market Analysis and Insights : Global Yacht Charter Market. Yacht charter market size is valued at USD 9,859.48 million by 2028 expected to grow at a compound annual growth rate of 5.10% over the forecast period of 2021 to 2028.

  9. Yacht Charter Market Size, Share, Analysis Report 2032

    The global yacht charter market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032. Yacht charter refers to the process of renting a motor- or sail-driven marine vessel for recreational or commercial purposes.

  10. Yacht Charter Market

    The yacht charter market was valued at USD 16.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, registering a CAGR of 5.79% during the Forecasts period. The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic.

  11. Yacht Charter Market Size, Trends, Growth, Statistics 2021-2025

    Global yacht charter market is on track to register an impressive CAGR of 22.85% from 2021 to 2027 and be worth US$25.53 Bn by the end of 2027.

  12. Yacht Charter Market Size USD 11.2 Billion by 2030

    The global Yacht Charter Market is valued at USD 7.5 Billion in 2022 and is projected to reach a value of USD 11.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.9% between 2023 and 2030.. Premium Insights. The market for Yacht Charters has expanded significantly by over 15% annually. This development might be ascribed to the rising demand for individualized and unique travel ...

  13. Yacht Charter Market Share, Analysis

    Yacht Charter Market size, share, demand, segmented by yacht type, yacht length, contract type, and regional analysis report to 2030. The rise in luxury marine tourism and personalized services are the primary factors responsible for the growth of yacht charters. [email protected] +1-888-294-1147.

  14. Luxury Yacht Charter Market Revenue to Cross USD 19.0 billion by 2031

    Market growth influenced by economic shifts and consumer spending trends shapes the luxury yacht charter landscape.Wilmington, Delaware, United States, Jan. 02, 2024 (GLOBE NEWSWIRE ...

  15. Luxury Yacht Charter Market Size, Trends, Analysis by 2031

    Luxury Yacht Charter Market Outlook 2031. The global industry was valued at US$ 12.6 Bn in 2021. It is projected to advance at a CAGR of 4.1% between 2022 and 2031 to reach more than US$ 19.0 Bn by the end of 2031. Analysts' Viewpoint on Market Scenario. Expansion in nautical tourism is driving the global luxury yacht charter market.

  16. Yacht Charter Market

    Figure 2: Global Yacht Charters Market (US$ Mn) Analysis and Forecast, 2017 - 2030. To learn more about this report, request a free sample copy. The global yacht charters market was valued at US$ 52268.8 Mn in 2021 and is expected to reach US$ 93506.3 Mn by 2030, growing at a CAGR of 6.9% between 2022 and 2030.

  17. Yacht Charter Market 2022

    Yacht Charter Market Outlook 2031. The global yacht charter market was valued over US$ 22.3 Mn in 2021; It is estimated to grow at a CAGR of 6.1% from 2022 to 2031; The global yacht charter market is expected to reach value of US$ 40.5 Mn by the end of 2031; Analysts' Viewpoint on Global Yacht Charter Market Scenario. The global yacht charter market is witnessing rapid growth, which can be ...

  18. Yacht Market Size, Share, Trends & Growth Report 2030

    The global yacht market size was valued at USD 8.91 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The demand for yachts has gradually increased in the last few years, owing to increase in disposable income of individuals and their inclination toward leisure or recreational activities.

  19. United States Yacht Charter Market Size, Share, Value by 2030

    Request Free Sample. Report Overview. The U.S. 60-80 feet motorized yacht charter market was valued at $215.9 million in 2020, and is projected to reach $803.7 million by 2030, registering a CAGR of 14.0% from 2021 to 2030. Yacht is a motor-driven or sail-driven vessels that is used for recreational purposes.

  20. Luxury Yacht Charters Rise as Uber Rich Eschew Buying Outright

    Total chartered days for yachts longer than 50 meters has increased since 2020, according to IYC, a global firm specializing in the sale and charters of luxury yachts. Vessels between 60 to 70 ...

  21. 6 Tips For Choosing The Best Yacht Charter Experience

    Here are six tips for choosing the best yacht charter experience to suit your style, tastes, and holiday goals! 1. Work Within Your Budget. For most travelers, money is indeed an object, or at ...

  22. Benetti begins outfitting work on first 67m B.Now steel superyacht

    The first unit in Benetti's new 67-metre B.Now series has begun outfitting at the shipyard's facilities in Livorno, with delivery scheduled for 2026. The yacht was sold by West Nautical in October 2022.. Provisionally known as FB289, once launched the superyacht will be the largest in the Benetti fleet to be built with the shipyard's trademark Oasis deck.

  23. Elektrostal

    Elektrostal , lit: Electric and Сталь , lit: Steel) is a city in Moscow Oblast, Russia, located 58 kilometers east of Moscow. Population: 155,196 ; 146,294 ...

  24. Elektrostal

    Elektrostal. Elektrostal ( Russian: Электроста́ль) is a city in Moscow Oblast, Russia. It is 58 kilometers (36 mi) east of Moscow. As of 2010, 155,196 people lived there.

  25. Elektrostal Executive Accommodations

    Travel Like a CEO with Hotel Suites and Executive Accommodations in Elektrostal. High-End, Quality Stays for Crucial Business Travel with BedroomVillas.com.au™

  26. royal north sea yacht club oostende restaurant

    The restaurant, has a 30 persons capacity A sun terrace of 150 m² ... ROYAL NORTH SEA YACHT CLUB OOSTENDE. Montgomerykaai 1 8400 Oostende Belgi ..... Royal North Sea Yacht Club. Claimed. Review. Save. Share. 49 reviews #253 of 343 Restaurants in Ostend $$ - $$$ Belgian European. Montgomerykaai 1, Ostend 8400 Belgium +32 59 70 27 54 Website + Add hours Improve this listing.