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Yacht Charter Market Size, Share, Forecast Report, 2020-2027

Status: Published Category: Automation and Transport Insight Code: 2898 Format: PDF / PPT / Excel

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Yacht Charter Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Yacht Charter market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global yacht charter market was valued at $15.20 billion in 2018, and is projected to reach $25.16 billion by 2026, registering a CAGR of 6.3% from 2019 to 2026.By type, the motor segment was the highest revenue contributor in 2018, accounting for $10.76 billion, and is estimated to reach $18.65 billion by 2026, registering a CAGR of 7.2% during the forecast period. In 2018, the Europe region accounted the major market share.

The yachts charter is basically a motor driven or sail driven vessels that are primarily used for recreational purposes. Yachts can be privately owned (individual or by a company) or can be lend for chartering. The luxurious facilities are fitted in yacht that come with large, luxurious, professionally crewed motors or sailing yachts with varying length from 75 feet and expanding to more than 250 feet.

Many luxury yacht manufacturers also provide yachts for renting as well as private purpose to provide seamless luxury experience with high standard and comfort. Due to increase in inclination toward marine tourism and water sports, OEMs are strategically focusing on developing high speed yachts to cater to the high demand from the customers.

They are hired for vacation and corporate purposes. The two main kinds of charters are bareboat and crewed. They are also employed for sailing purposes. It offers all the benefits, from absolute relaxation to amazing adventures. Chartering a yacht allows one to explore a variety of destinations that offer all the comforts. The yacht charter market trends are decided on the basis of forecast from 2019 to 2026.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Yacht Charter market are included as given below:

Some of the key players in the yacht charter market are Sailogy S.A., Yachtico Inc., Zizooboats GmbH, Fraser Yacht, Boatsetter, Northrop & Johnson, Nautal, Martello Yachting And Company, Princess Yacht limited and Charter Yachts Australia.

The global Yacht Charter market has been segmented as below:

By Type

Motorized Yacht

Sailing Yacht

Others

By Size

Small (up to 30m)

Medium(30m-50m)

Large (over 50m)

By Application

Vacation/ Leisure

Sailing

Others

By Region

North America

o U.S.

o Canada

o Mexico

Europe

o UK

o Germany

o Italy

o Netherlands

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Yacht Charter development trends with SWOT analysis

Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

Market dynamics scenario, along with growth opportunities for players in the years to come

Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

  • Insight Code: 2898
  • No. of Pages: 250
  • Format: PDF/PPT/Excel
  • Published: July 2020
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034