Yacht Charter Market (By Size: Large (over 50m), Medium(30m-50m), Small (up to 30m); By Type: Sailing Yacht, Motorized Yacht, Others; By Application: Sailing, Vacation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

The global yacht charter market size is expected to reach around US$ 28 Bn by 2027 and growing at a CAGR of 8% during the forecast period 2020 to 2027.

The yacht charter is mainly a sail-driven vessel or motor-driven used primarily for enjoyment. Yachts can be private (personal or business owned) or chartered. The luxury yacht facilities include huge, comfortable professionally crewed motors or sailing yachts of 75 feet and more than 250 feet in length.

The report provides analysis of global yacht charter market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

The global yacht charter industry is driven by a growing tendency to sail in luxury worldwide. In fact, increasing number of high net individuals around the world is constantly contributing to the industry growth. A growing number of promotional services for yachts are one of the most significant factors which will fuel the growth of global yacht charter industry in the near future. The number of online yacht service providers is on the rise. In addition, the global charter yacht services industry, particularly from the younger population, has experienced significant acceptance. In addition, the global charter yacht services industry, particularly from the younger population, has experienced significant acceptance. Many young people are typically boaters for the first time, who often arrange activities, particularly for yacht holidays at weekends or at birthdays.

The market's limiting factor is cost. The place is another potential limitation for own private yacht chartering. Though yacht charters operate in a variety of locations, many of their yachts remain in similar places.

Regional Stance

Europe held major market share in 2019 and projected to govern the market amid the projected time period in the global yacht charter industry owing to the strong demand from the Mediterranean Sea countries, Europe retained a significant portion of the global yacht charter market. Thanks to the strong demand for nautical tourism in the region, the yacht charter market in Europe has grown. Croatia and Greece hold a significant share in Europe's yacht charter industry, as a result of the beautiful shorelines and growing nautical tourism in those countries.

Report coverage

The market research study on “Yacht Charter Market (Yacht Charter Market By Size: Large (over 50m), Medium(30m-50m), Small (up to 30m); Yacht Charter Market By Type: Sailing Yacht, Motorized Yacht, Others; Yacht Charter Market By Application: Sailing, Vacation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Yacht Charter market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Yacht Charter market size, and segment markets by size, type, application, and geography along with the information on companies operating in the market. The Yacht Charter market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Yacht Charter market is segmented as below:

Market Segmentation

Yacht Charter Market By Size

• Large (over 50m)
• Medium(30m-50m)
• Small (up to 30m)

Yacht Charter Market By Type

• Sailing Yacht
• Motorized Yacht
• Others

Yacht Charter Market By Application

• Sailing
• Vacation
• Others

Yacht Charter Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA
•  

Key Players and Market Situation

Participants include major global players such Boat International Media Ltd., Burgess, Le Boat, Charter Yachts Australia, CharterWorld LLP, Boatbound Inc., Fairline Yacht, Dream Yacht Charter, Mertello Yachting Company, and Others.

Market operators have seen an spike in their tenders to catamarans with a high degree of comfort for both enterprise and retail buyers, and thereby raise the supply of multihull vessels with substantial services, such as fitness centers, jacuzzi and helidecks. Leading players in the yacht charter industry will pursue approaches over the next few years to ensure that various styles and yachting sizes are required for the optimum fulfillment of end-user requirements in such an environment.