The global yacht charter market size reached US$ 8.5 Billion in 2023. Looking forward, the market is projected to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.21% during 2023-2032.
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.
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.
2. What is the expected growth rate of the global yacht charter market during 2024-2032?
3. What are the key factors driving the global yacht charter market?
4. What has been the impact of COVID-19 on the global yacht charter market?
5. What is the breakup of the global yacht charter market based on type?
6. What is the breakup of the global yacht charter market based on the length?
7. What is the breakup of the global yacht charter market based on the contract type?
8. What are the key regions in the global yacht charter market?
9. Who are the key players/companies in the global yacht charter market?
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.
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
This report 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. The 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:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- 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.Key Questions Answered in This Report
1. What was the size of the global yacht charter market in 2023?2. What is the expected growth rate of the global yacht charter market during 2024-2032?
3. What are the key factors driving the global yacht charter market?
4. What has been the impact of COVID-19 on the global yacht charter market?
5. What is the breakup of the global yacht charter market based on type?
6. What is the breakup of the global yacht charter market based on the length?
7. What is the breakup of the global yacht charter market based on the contract type?
8. What are the key regions in the global yacht charter market?
9. Who are the key players/companies in the global yacht charter market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Yacht Charter Market
6 Market Breakup by Type
7 Market Breakup by Length
8 Market Breakup by Contract Type
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
- Zizooboats GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.5 Billion |
| Forecasted Market Value ( USD | $ 15.9 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
