The yacht charter market size has grown rapidly in recent years. It will grow from $15.19 billion in 2023 to $16.85 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to seasonal demand and tourism patterns, regulatory changes in the yachting industry, increasing environmental awareness in yachting, the emergence of charter brokerages, and the global appeal of tourism destinations.
The yacht charter market size is expected to see rapid growth in the next few years. It will grow to $25.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the forecast period is driven by the implementation of flexible and adaptive charter policies, advancements in charter booking platforms, the influence of social media and influencers on travel choices, the growing demand for luxury lifestyle and high-end travel experiences, and the expansion of emerging markets. Major trends expected in this period include the rise in shared charters and group travel, an increase in experiential tourism offerings, the emphasis on personalization in travel services, technological innovations in yacht charters, and the continued influence of social media on travel decisions.
The surge in luxury marine tourism's popularity is anticipated to drive the growth of the yacht charter market in the foreseeable future. Marine tourism involves leisure activities that revolve around travel, primarily focused on or hosted within the marine environment. Yacht charters epitomize a premium facet of marine tourism, offering opulent and extraordinary experiences. For instance, as reported by the Anadolu Agency in December 2023, there was a notable 39.7% year-on-year increase in the arrival of cruise ships at Turkish ports in November 2023, totaling 95 ships. This trend underscores the escalating appeal of luxury marine tourism, thereby serving as a catalyst propelling the expansion of the yacht charter market.
The increasing prominence of social media is anticipated to drive the growth of the yacht charter market in the foreseeable future. Social media platforms offer online spaces where users can generate, share, and engage with content within a virtual community. Within the yacht charter industry, social media serves as a tool to exhibit exclusive experiences, attract potential customers, and craft appealing content that showcases the opulent lifestyle associated with yacht travel. For instance, as reported by DataReportal, an online reference library based in Singapore, the global count of social media users reached 4.62 billion in January 2022, marking an increase from 4.19 billion in January 2021. Consequently, the escalating popularity of social media stands as a key driver behind the growth of the yacht charter market.
Product innovation is a significant trend in the yacht charter market, with major companies focusing on developing new solutions to strengthen their market position. For example, in April 2022, Sunseeker, a UK-based luxury motor yacht manufacturer, introduced the 30m Sunseeker 100, marking a new era in flybridge design and functionality for the company. This 29.85-meter yacht features unique entertainment features at the fore, including a sweeping flybridge with complete walk-around access from bow to stern, creating exceptional entertainment areas that define the 100 Yacht. This innovative product reflects Sunseeker's commitment to advancing the luxury yacht charter experience and enhancing its competitive edge in the market.
Prominent companies in the yacht charter market are concentrating on developing innovative vessels that incorporate advanced technologies, such as fuel cell technology, to cater to the increasing demand for sophisticated sea experiences and optimize their profitability in the market. Fuel cell technology is an electrochemical process that directly converts the chemical energy of a fuel and an oxidant into electricity, distinguishing it from batteries, which store and release pre-charged chemical energy. For example, in March 2023, Lürssen Yachts, a Germany-based luxury yacht builder, introduced COSMOS, a superyacht equipped with fuel cell technology.
In April 2022, Northrop & Johnson, a US-based superyacht brokerage and charter firm, acquired Superyacht Management Company SYM for an undisclosed sum. This strategic move expands Northrop & Johnson's range of superyacht services and positions the company as a comprehensive brokerage capable of managing all aspects of superyacht ownership. Superyacht Management Company SYM, based in France, specializes in providing services related to the operational and management aspects of owning a superyacht.
Major companies operating in the yacht charter market report are Burgess Yachts Limited, Dream Yacht Worldwide, The Moorings, Camper & Nicholsons International Ltd., Fairline Yacht, Princess Yacht Charter, Boatsetter, Boat International Media Ltd., West Coast Marine Yacht Services, Super Yacht Logistics Ltd., Sailogy S.A., Charterworld Ltd., Martello Yachting, Yachtico Inc., Northrop & Johnson, Barefoot Yacht Charters, Fraser Yachts, Incrediblue Ltd., Orvas Yachting, Partners International, Croatia Charter, Windward Islands Yachting Company, Bluewater Yachting, Horizon Yacht Charters, Navigare Yachting BVI, Sunsail Limited, Yacht Getaways, TUI Marine Limited, Kiriacoulis Mediterranean, Luxury Yacht Group, Edmiston, Ocean Independence, International Yacht Corporation, YPI Group, Nicholson Yacht Charters & Services, Zizooboats GmbH.
Europe was the largest region in the yacht charter market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the yacht charter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the yacht charter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of yacht charter are motorized yachts, sailing yachts, and other types. A sailing yacht is a small boat that relies on wind power for propulsion. Charter contracts may include bareboat charter or crewed charter options. These yachts come in various sizes, including large, medium, and small, and are used for activities such as vacation or leisure, sailing, and other applications.
The yacht charter market research report is one of a series of new reports that provides yacht charter market statistics, including yacht charter industry global market size, regional shares, competitors with a yacht charter market share, detailed yacht charter market segments, market trends and opportunities, and any further data you may need to thrive in the yacht charter industry. This yacht charter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The yacht charter market includes revenues earned by entities by chartering a motor yacht to make a profit off of the investment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The yacht charter market size is expected to see rapid growth in the next few years. It will grow to $25.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the forecast period is driven by the implementation of flexible and adaptive charter policies, advancements in charter booking platforms, the influence of social media and influencers on travel choices, the growing demand for luxury lifestyle and high-end travel experiences, and the expansion of emerging markets. Major trends expected in this period include the rise in shared charters and group travel, an increase in experiential tourism offerings, the emphasis on personalization in travel services, technological innovations in yacht charters, and the continued influence of social media on travel decisions.
The surge in luxury marine tourism's popularity is anticipated to drive the growth of the yacht charter market in the foreseeable future. Marine tourism involves leisure activities that revolve around travel, primarily focused on or hosted within the marine environment. Yacht charters epitomize a premium facet of marine tourism, offering opulent and extraordinary experiences. For instance, as reported by the Anadolu Agency in December 2023, there was a notable 39.7% year-on-year increase in the arrival of cruise ships at Turkish ports in November 2023, totaling 95 ships. This trend underscores the escalating appeal of luxury marine tourism, thereby serving as a catalyst propelling the expansion of the yacht charter market.
The increasing prominence of social media is anticipated to drive the growth of the yacht charter market in the foreseeable future. Social media platforms offer online spaces where users can generate, share, and engage with content within a virtual community. Within the yacht charter industry, social media serves as a tool to exhibit exclusive experiences, attract potential customers, and craft appealing content that showcases the opulent lifestyle associated with yacht travel. For instance, as reported by DataReportal, an online reference library based in Singapore, the global count of social media users reached 4.62 billion in January 2022, marking an increase from 4.19 billion in January 2021. Consequently, the escalating popularity of social media stands as a key driver behind the growth of the yacht charter market.
Product innovation is a significant trend in the yacht charter market, with major companies focusing on developing new solutions to strengthen their market position. For example, in April 2022, Sunseeker, a UK-based luxury motor yacht manufacturer, introduced the 30m Sunseeker 100, marking a new era in flybridge design and functionality for the company. This 29.85-meter yacht features unique entertainment features at the fore, including a sweeping flybridge with complete walk-around access from bow to stern, creating exceptional entertainment areas that define the 100 Yacht. This innovative product reflects Sunseeker's commitment to advancing the luxury yacht charter experience and enhancing its competitive edge in the market.
Prominent companies in the yacht charter market are concentrating on developing innovative vessels that incorporate advanced technologies, such as fuel cell technology, to cater to the increasing demand for sophisticated sea experiences and optimize their profitability in the market. Fuel cell technology is an electrochemical process that directly converts the chemical energy of a fuel and an oxidant into electricity, distinguishing it from batteries, which store and release pre-charged chemical energy. For example, in March 2023, Lürssen Yachts, a Germany-based luxury yacht builder, introduced COSMOS, a superyacht equipped with fuel cell technology.
In April 2022, Northrop & Johnson, a US-based superyacht brokerage and charter firm, acquired Superyacht Management Company SYM for an undisclosed sum. This strategic move expands Northrop & Johnson's range of superyacht services and positions the company as a comprehensive brokerage capable of managing all aspects of superyacht ownership. Superyacht Management Company SYM, based in France, specializes in providing services related to the operational and management aspects of owning a superyacht.
Major companies operating in the yacht charter market report are Burgess Yachts Limited, Dream Yacht Worldwide, The Moorings, Camper & Nicholsons International Ltd., Fairline Yacht, Princess Yacht Charter, Boatsetter, Boat International Media Ltd., West Coast Marine Yacht Services, Super Yacht Logistics Ltd., Sailogy S.A., Charterworld Ltd., Martello Yachting, Yachtico Inc., Northrop & Johnson, Barefoot Yacht Charters, Fraser Yachts, Incrediblue Ltd., Orvas Yachting, Partners International, Croatia Charter, Windward Islands Yachting Company, Bluewater Yachting, Horizon Yacht Charters, Navigare Yachting BVI, Sunsail Limited, Yacht Getaways, TUI Marine Limited, Kiriacoulis Mediterranean, Luxury Yacht Group, Edmiston, Ocean Independence, International Yacht Corporation, YPI Group, Nicholson Yacht Charters & Services, Zizooboats GmbH.
Europe was the largest region in the yacht charter market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the yacht charter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the yacht charter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of yacht charter are motorized yachts, sailing yachts, and other types. A sailing yacht is a small boat that relies on wind power for propulsion. Charter contracts may include bareboat charter or crewed charter options. These yachts come in various sizes, including large, medium, and small, and are used for activities such as vacation or leisure, sailing, and other applications.
The yacht charter market research report is one of a series of new reports that provides yacht charter market statistics, including yacht charter industry global market size, regional shares, competitors with a yacht charter market share, detailed yacht charter market segments, market trends and opportunities, and any further data you may need to thrive in the yacht charter industry. This yacht charter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The yacht charter market includes revenues earned by entities by chartering a motor yacht to make a profit off of the investment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Yacht Charter Market Characteristics3. Yacht Charter Market Trends And Strategies32. Global Yacht Charter Market Competitive Benchmarking33. Global Yacht Charter Market Competitive Dashboard34. Key Mergers And Acquisitions In The Yacht Charter Market
4. Yacht Charter Market - Macro Economic Scenario
5. Global Yacht Charter Market Size and Growth
6. Yacht Charter Market Segmentation
7. Yacht Charter Market Regional And Country Analysis
8. Asia-Pacific Yacht Charter Market
9. China Yacht Charter Market
10. India Yacht Charter Market
11. Japan Yacht Charter Market
12. Australia Yacht Charter Market
13. Indonesia Yacht Charter Market
14. South Korea Yacht Charter Market
15. Western Europe Yacht Charter Market
16. UK Yacht Charter Market
17. Germany Yacht Charter Market
18. France Yacht Charter Market
19. Italy Yacht Charter Market
20. Spain Yacht Charter Market
21. Eastern Europe Yacht Charter Market
22. Russia Yacht Charter Market
23. North America Yacht Charter Market
24. USA Yacht Charter Market
25. Canada Yacht Charter Market
26. South America Yacht Charter Market
27. Brazil Yacht Charter Market
28. Middle East Yacht Charter Market
29. Africa Yacht Charter Market
30. Yacht Charter Market Competitive Landscape And Company Profiles
31. Yacht Charter Market Other Major And Innovative Companies
35. Yacht Charter Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Yacht Charter Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on yacht charter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for yacht charter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Motorized Yacht; Sailing Yacht; Other Types
2) By Contract: Bareboat Charter; Crewed Charter
3) By Size: Large; Medium; Small
4) By Application: Vacation/ Leisure; Sailing; Other Applications
Key Companies Mentioned: Burgess Yachts Limited; Dream Yacht Worldwide; The Moorings; Camper & Nicholsons International Ltd.; Fairline Yacht
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Burgess Yachts Limited
- Dream Yacht Worldwide
- The Moorings
- Camper & Nicholsons International Ltd.
- Fairline Yacht
- Princess Yacht Charter
- Boatsetter
- Boat International Media Ltd.
- West Coast Marine Yacht Services
- Super Yacht Logistics Ltd.
- Sailogy S.A.
- Charterworld Ltd.
- Martello Yachting
- Yachtico Inc.
- Northrop & Johnson
- Barefoot Yacht Charters
- Fraser Yachts
- Incrediblue Ltd.
- Orvas Yachting
- Partners International
- Croatia Charter
- Windward Islands Yachting Company
- Bluewater Yachting
- Horizon Yacht Charters
- Navigare Yachting BVI
- Sunsail Limited
- Yacht Getaways
- TUI Marine Limited
- Kiriacoulis Mediterranean
- Luxury Yacht Group
- Edmiston
- Ocean Independence
- International Yacht Corporation
- YPI Group
- Nicholson Yacht Charters & Services
- Zizooboats GmbH
Methodology
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