+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

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

  • PDF Icon

    Report

  • 255 Pages
  • November 2023
  • Region: Global
  • Allied Market Research
  • ID: 5118735
The Yacht Chartering Market is expected to experience a significant growth rate of 6.9% from 2022-2032 owing the growing recreational activities and water sports activities

The growth of the yacht charter market is driven by the increasing number of private islands on cruise itineraries, use of alternative source of energy & improvised purchasing power across the globe and increase in number of high-net-worth individuals. Furthermore, the increase in the demand for leisure activities due to a rise in disposable income and hectic lifestyles. The ease of booking a yacht has led to a rise in the popularity of yacht vacations among the youth to celebrate events in luxury, which is estimated to boost the market growth. Natural calamities and high costs associated with yacht charter are the key restraining factors of this market. Moreover, increased involvement of intermediaries & hybrid business models, rapid changes in yacht infrastructure and yacht tourism are estimated to boost the demand for yachts charter in the upcoming years. In addition, the rising popularity of boats and the increasing preference for luxurious & large-sized yachts that can accommodate large groups will further propel the market growth in the forecast period.

There is a strong trend toward renewing the marine fleets and rise in number of marine fleets increased by about 7% globally. Moreover, the adventure travel is growing at a rapid pace and cruise expeditions are experiencing the impact. 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. Such rise in trends from the millionaires along with the increase in add-on services is estimated to fuel the demand for the yacht charter industry in the forecast period.

The spending of cruise line brands increased owing to which the growth of yacht chartering also increased for instance in September 2023, Royal Caribbean invested $250 million in the development of CocoCay in the Bahamas. People around the world are preferring the yachts for recreational purposes which are celebrated at the world’s beautiful destinations due to which the private islands are gaining traction.

The increase in involvement of brokers is a notable trend in the yacht industry, driven by a rise in number of buyers and charter clients. Brokers play a vital role, facilitating viewings, negotiating sales terms, managing paperwork, and overseeing the collection and distribution of sale proceeds. Moreover, the use of tablets and smartphones as mediums for customers to gain real insights into yachts is drawing more people toward yacht rentals.

In addition, yachts are venturing into the leisure and hospitality sectors, with the global yacht tourism industry experiencing remarkable growth. Luxury travel has also seen a significant upswing. Yacht tourism has evolved into an exclusive form of recreation, coexisting with well-established mass entertainment systems. Yacht chartering is no longer limited to the aristocracy, however, has expanded to the middle class. Yacht tourism takes various forms, including fishing, sightseeing, and leisure sailing, with the latter being the most favored. The success of yacht tourism has led to an increased demand for luxury yacht charters in the foreseeable future.

Key players operating in the global yacht chartering market are Boatsetter, Inc., MARTELLO YACHTING & COMPANY, SAILOGY S.A., Northrop & Johnson, Ionian Catamarans, IYC, ZIZOOBOATS GmbH, Yachtico, Inc., Boatjump, S.L., and West Coast Marine Yacht Services Pvt. Ltd., among others.

Key Market Insights
  • By size, the small (Up to 30m) segment dominated the global market and is estimated to reach $ 9701.5million by 2032, with a CAGR of 7.3%.
  • By type, the motor yacht segment was the highest revenue contributor to the market, with $ 15434.2 million in 2035, with a CAGR of 6.6%.
  • By application, the vacation/leisure segment was the highest revenue contributor to the market, with $ 9949.1 million in 2035, with a CAGR of 7.3%.
  • By region, Europe is the highest revenue contributor, accounting for $ 10808.3 million in 2035, with a CAGR of 6.7% during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yacht charter market analysis from 2022 to 2032 to identify the prevailing yacht charter market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the yacht charter market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global yacht charter market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Investment Opportunities
  • Technology Trend Analysis
  • Brands Share Analysis

Key Market Segments

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

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • Boatsetter, Inc.
  • SAILOGY S.A.
  • Northrop & Johnson
  • IYC
  • ZIZOOBOATS GmbH
  • Yachtico, Inc.
  • MARTELLO YACHTING & COMPANY
  • Ionian Catamarans
  • Boatjump, S.L.
  • West Coast Marine Yacht Services Pvt. Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth of water sports and recreation activities
3.4.1.2. Increasing number of private islands on cruise itineraries
3.4.2. Restraints
3.4.2.1. High cost associated with yacht charter
3.4.2.2. Weather and safety concerns associated with yacht charter
3.4.3. Opportunities
3.4.3.1. Increased involvement of intermediaries & hybrid business models
3.4.3.2. Change in yacht infrastructure
CHAPTER 4: YACHT CHARTER MARKET, BY SIZE
4.1. Overview
4.1.1. Market size and forecast
4.2. Small (Up to 30m)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Medium (30m-50m)
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Large (Over 50m)
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: YACHT CHARTER MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Motor Yacht
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Sailing yacht
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Other yacht
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: YACHT CHARTER MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Vacation/ Leisure
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Sailing
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: YACHT CHARTER MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by SIZE
7.2.3. Market size and forecast, by TYPE
7.2.4. Market size and forecast, by APPLICATION
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by SIZE
7.2.5.1.2. Market size and forecast, by TYPE
7.2.5.1.3. Market size and forecast, by APPLICATION
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by SIZE
7.2.5.2.2. Market size and forecast, by TYPE
7.2.5.2.3. Market size and forecast, by APPLICATION
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by SIZE
7.2.5.3.2. Market size and forecast, by TYPE
7.2.5.3.3. Market size and forecast, by APPLICATION
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by SIZE
7.3.3. Market size and forecast, by TYPE
7.3.4. Market size and forecast, by APPLICATION
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by SIZE
7.3.5.1.2. Market size and forecast, by TYPE
7.3.5.1.3. Market size and forecast, by APPLICATION
7.3.5.2. UK
7.3.5.2.1. Market size and forecast, by SIZE
7.3.5.2.2. Market size and forecast, by TYPE
7.3.5.2.3. Market size and forecast, by APPLICATION
7.3.5.3. Italy
7.3.5.3.1. Market size and forecast, by SIZE
7.3.5.3.2. Market size and forecast, by TYPE
7.3.5.3.3. Market size and forecast, by APPLICATION
7.3.5.4. Russia
7.3.5.4.1. Market size and forecast, by SIZE
7.3.5.4.2. Market size and forecast, by TYPE
7.3.5.4.3. Market size and forecast, by APPLICATION
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by SIZE
7.3.5.5.2. Market size and forecast, by TYPE
7.3.5.5.3. Market size and forecast, by APPLICATION
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by SIZE
7.4.3. Market size and forecast, by TYPE
7.4.4. Market size and forecast, by APPLICATION
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by SIZE
7.4.5.1.2. Market size and forecast, by TYPE
7.4.5.1.3. Market size and forecast, by APPLICATION
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by SIZE
7.4.5.2.2. Market size and forecast, by TYPE
7.4.5.2.3. Market size and forecast, by APPLICATION
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by SIZE
7.4.5.3.2. Market size and forecast, by TYPE
7.4.5.3.3. Market size and forecast, by APPLICATION
7.4.5.4. Rest of Asia-Pacific
7.4.5.4.1. Market size and forecast, by SIZE
7.4.5.4.2. Market size and forecast, by TYPE
7.4.5.4.3. Market size and forecast, by APPLICATION
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by SIZE
7.5.3. Market size and forecast, by TYPE
7.5.4. Market size and forecast, by APPLICATION
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by SIZE
7.5.5.1.2. Market size and forecast, by TYPE
7.5.5.1.3. Market size and forecast, by APPLICATION
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by SIZE
7.5.5.2.2. Market size and forecast, by TYPE
7.5.5.2.3. Market size and forecast, by APPLICATION
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by SIZE
7.5.5.3.2. Market size and forecast, by TYPE
7.5.5.3.3. Market size and forecast, by APPLICATION
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Boatsetter, Inc.
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Key strategic moves and developments
9.2. MARTELLO YACHTING & COMPANY
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. SAILOGY S.A.
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. Northrop & Johnson
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. ZIZOOBOATS GmbH
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. IYC
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Key strategic moves and developments
9.7. Ionian Catamarans
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. West Coast Marine Yacht Services Pvt. Ltd.
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Yachtico, Inc.
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Boatjump, S.L.
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 02. Yacht Charter Market for Small (Up to 30M), by Region, 2022-2032 ($Million)
Table 03. Yacht Charter Market for Medium (30M-50M), by Region, 2022-2032 ($Million)
Table 04. Yacht Charter Market for Large (Over 50M), by Region, 2022-2032 ($Million)
Table 05. Global Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 06. Yacht Charter Market for Motor Yacht, by Region, 2022-2032 ($Million)
Table 07. Yacht Charter Market for Sailing Yacht, by Region, 2022-2032 ($Million)
Table 08. Yacht Charter Market for Other Yacht, by Region, 2022-2032 ($Million)
Table 09. Global Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 10. Yacht Charter Market for Vacation/ Leisure, by Region, 2022-2032 ($Million)
Table 11. Yacht Charter Market for Sailing, by Region, 2022-2032 ($Million)
Table 12. Yacht Charter Market for Others, by Region, 2022-2032 ($Million)
Table 13. Yacht Charter Market, by Region, 2022-2032 ($Million)
Table 14. North America Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 15. North America Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 16. North America Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 17. North America Yacht Charter Market, by Country, 2022-2032 ($Million)
Table 18. U.S. Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 19. U.S. Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 20. U.S. Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 21. Canada Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 22. Canada Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 23. Canada Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 24. Mexico Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 25. Mexico Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 26. Mexico Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 27. Europe Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 28. Europe Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 29. Europe Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 30. Europe Yacht Charter Market, by Country, 2022-2032 ($Million)
Table 31. Germany Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 32. Germany Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 33. Germany Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 34. UK Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 35. UK Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 36. UK Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 37. Italy Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 38. Italy Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 39. Italy Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 40. Russia Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 41. Russia Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 42. Russia Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 43. Rest of Europe Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 44. Rest of Europe Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 45. Rest of Europe Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 46. Asia-Pacific Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 47. Asia-Pacific Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 48. Asia-Pacific Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 49. Asia-Pacific Yacht Charter Market, by Country, 2022-2032 ($Million)
Table 50. China Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 51. China Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 52. China Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 53. Japan Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 54. Japan Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 55. Japan Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 56. India Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 57. India Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 58. India Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 59. Rest of Asia-Pacific Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 60. Rest of Asia-Pacific Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 61. Rest of Asia-Pacific Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 62. LAMEA Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 63. LAMEA Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 64. LAMEA Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 65. LAMEA Yacht Charter Market, by Country, 2022-2032 ($Million)
Table 66. Latin America Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 67. Latin America Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 68. Latin America Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 69. Middle East Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 70. Middle East Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 71. Middle East Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 72. Africa Yacht Charter Market, by Size, 2022-2032 ($Million)
Table 73. Africa Yacht Charter Market, by Type, 2022-2032 ($Million)
Table 74. Africa Yacht Charter Market, by Application, 2022-2032 ($Million)
Table 75. Boatsetter, Inc. : Key Executives
Table 76. Boatsetter, Inc. : Company Snapshot
Table 77. Boatsetter, Inc. : Service Segments
Table 78. Boatsetter, Inc. : Product Portfolio
Table 79. Boatsetter, Inc. : Key Strategies
Table 80. Martello Yachting & Company: Key Executives
Table 81. Martello Yachting & Company: Company Snapshot
Table 82. Martello Yachting & Company: Service Segments
Table 83. Martello Yachting & Company: Product Portfolio
Table 84. Sailogy SA: Key Executives
Table 85. Sailogy SA: Company Snapshot
Table 86. Sailogy SA: Service Segments
Table 87. Sailogy SA: Product Portfolio
Table 88. Northrop & Johnson: Key Executives
Table 89. Northrop & Johnson: Company Snapshot
Table 90. Northrop & Johnson: Service Segments
Table 91. Northrop & Johnson: Product Portfolio
Table 92. Zizooboats GmbH: Key Executives
Table 93. Zizooboats GmbH: Company Snapshot
Table 94. Zizooboats GmbH: Service Segments
Table 95. Zizooboats GmbH: Product Portfolio
Table 96. Iyc: Key Executives
Table 97. Iyc: Company Snapshot
Table 98. Iyc: Service Segments
Table 99. Iyc: Product Portfolio
Table 100. Iyc: Key Strategies
Table 101. Ionian Catamarans: Key Executives
Table 102. Ionian Catamarans: Company Snapshot
Table 103. Ionian Catamarans: Service Segments
Table 104. Ionian Catamarans: Product Portfolio
Table 105. West Coast Marine Yacht Services Pvt. Ltd.: Key Executives
Table 106. West Coast Marine Yacht Services Pvt. Ltd.: Company Snapshot
Table 107. West Coast Marine Yacht Services Pvt. Ltd.: Service Segments
Table 108. West Coast Marine Yacht Services Pvt. Ltd.: Product Portfolio
Table 109. Yachtico, Inc.: Key Executives
Table 110. Yachtico, Inc.: Company Snapshot
Table 111. Yachtico, Inc.: Service Segments
Table 112. Yachtico, Inc.: Product Portfolio
Table 113. Boatjump, S.L.: Key Executives
Table 114. Boatjump, S.L.: Company Snapshot
Table 115. Boatjump, S.L.: Service Segments
Table 116. Boatjump, S.L.: Product Portfolio
List of Figures
Figure 01. Yacht Charter Market, 2022-2032
Figure 02. Segmentation of Yacht Charter Market,2022-2032
Figure 03. Top Impacting Factors in Yacht Charter Market (2023 to 2032)
Figure 04. Top Investment Pockets in Yacht Charter Market (2024-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Yacht Charter Market:Drivers, Restraints and Opportunities
Figure 11. Yacht Charter Market, by Size, 2022 and 2032(%)
Figure 12. Comparative Share Analysis of Yacht Charter Market for Small (Up to 30M), by Country 2022 and 2032(%)
Figure 13. Comparative Share Analysis of Yacht Charter Market for Medium (30M-50M), by Country 2022 and 2032(%)
Figure 14. Comparative Share Analysis of Yacht Charter Market for Large (Over 50M), by Country 2022 and 2032(%)
Figure 15. Yacht Charter Market, by Type, 2022 and 2032(%)
Figure 16. Comparative Share Analysis of Yacht Charter Market for Motor Yacht, by Country 2022 and 2032(%)
Figure 17. Comparative Share Analysis of Yacht Charter Market for Sailing Yacht, by Country 2022 and 2032(%)
Figure 18. Comparative Share Analysis of Yacht Charter Market for Other Yacht, by Country 2022 and 2032(%)
Figure 19. Yacht Charter Market, by Application, 2022 and 2032(%)
Figure 20. Comparative Share Analysis of Yacht Charter Market for Vacation/ Leisure, by Country 2022 and 2032(%)
Figure 21. Comparative Share Analysis of Yacht Charter Market for Sailing, by Country 2022 and 2032(%)
Figure 22. Comparative Share Analysis of Yacht Charter Market for Others, by Country 2022 and 2032(%)
Figure 23. Yacht Charter Market by Region, 2022 and 2032(%)
Figure 24. U.S. Yacht Charter Market, 2022-2032 ($Million)
Figure 25. Canada Yacht Charter Market, 2022-2032 ($Million)
Figure 26. Mexico Yacht Charter Market, 2022-2032 ($Million)
Figure 27. Germany Yacht Charter Market, 2022-2032 ($Million)
Figure 28. UK Yacht Charter Market, 2022-2032 ($Million)
Figure 29. Italy Yacht Charter Market, 2022-2032 ($Million)
Figure 30. Russia Yacht Charter Market, 2022-2032 ($Million)
Figure 31. Rest of Europe Yacht Charter Market, 2022-2032 ($Million)
Figure 32. China Yacht Charter Market, 2022-2032 ($Million)
Figure 33. Japan Yacht Charter Market, 2022-2032 ($Million)
Figure 34. India Yacht Charter Market, 2022-2032 ($Million)
Figure 35. Rest of Asia-Pacific Yacht Charter Market, 2022-2032 ($Million)
Figure 36. Latin America Yacht Charter Market, 2022-2032 ($Million)
Figure 37. Middle East Yacht Charter Market, 2022-2032 ($Million)
Figure 38. Africa Yacht Charter Market, 2022-2032 ($Million)
Figure 39. Top Winning Strategies, by Year (2022-2023)
Figure 40. Top Winning Strategies, by Development (2022-2023)
Figure 41. Top Winning Strategies, by Company (2022-2023)
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap: Yacht Charter Market
Figure 45. Top Player Positioning, 2022

Executive Summary

According to the report titled, 'Yacht charter Market by Type, Size, and Application: Opportunity Analysis and Industry Forecast, 2019-2026',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 of the yacht charter market.

Europe dominates the market in terms of revenue, followed by Asia-Pacific ,North America, and LAMEA. In Asia-Pacific, Japan dominated the yacht charter market in 2018, whereas rest of Asia-Pacific is expectedto grow at a significant rate during the forecast period.

Yacht chartering is the practice of renting or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. It is a key activity in the area of service that is connected to the recreational boating. The changes in the yacht infrastructure for better performance further creates an opportunity for augmentation of the market over the assessment period. Moreover, to reduce the production cost, manufacturers are shifting toward the utilization of modular construction method for yacht building. Also, the average size of large yachts increased from 47.8m in 2013 to 51.6m in 2017. In addition, people across the globe are accepting the changing constructed based yachts by breaking off from the traditional Caribbean and Mediterranean waters for sailing in Asia-Pacific, the Middle East, and Antarctic. This shift coupled with the development in yacht infrastructure has caused the growth of the yacht market as it is used as an attraction factor for people across the globe.

Furthermore, the yacht charter distinguishes between two type of renting i.e. bareboat yacht chartering and chartering with the skippers/ crew.

In addition, global yacht charter market is expected to remain influenced by eternal need for luxury and change in lifestyle. Moreover, introduction of new materials such as structural glass has allowed yacht architectures to reach new levels of sophistication.

Growth in number of yacht production, under construction projects is estimated to have a significant growth for the yacht charter market. Featuring helipads, swimming pools, saunas, hot tubs, and more yachts are epitome of luxury. Also, the key operating players in this business are adopting acquisition and expansion strategies to have their presence internationally. For instance, the boat rental Spain based company Nautal has raised €1million in funding to consolidate its market position in Spain and also planning to expand in U.S.

The yacht charter market remained one of the few bright spots in an otherwise troubled global economy. With strong underlying drivers such as rise in ultra-net worth of individuals, surge in inclination toward recreational & expeditions, and rise in trend of yacht tourism, the market is expected to witness significant growth during the forecast period. At the same time, the sector is facing restraint i.e. high cost, and natural calamities.

Additionally, the increasing number of private islands on cruise itineraries, use of alternative source of energy & improvised purchasing power across the globe, and increase in number of high net worth individuals are boosting to the growth of global yacht charter market. Furthermore, the increase in the demand for leisure activities due to a rise in disposable income and hectic lifestyles also responsible for the growth of market. The ease of booking a yacht has led to a rise in the popularity of yacht vacations among the youth to celebrate events in luxury, which estimated to create an opportunity for the market growth.

Natural calamities and high cost associated with yacht charter are the key restraining factor of this market. Moreover, increased involvement of intermediaries & hybrid business models, rapid changes in yacht infrastructure and yacht tourism to boost demand for yachts charter in the upcoming years. In addition, the rising popularity of boats and the increasing preference for luxurious & large sized yachts that can accommodate large groups will further propel the market growth in future.

Key Findings Of The Study

In 2018, by type, the Motorized type segment generated the highest revenue.
In 2018, by size, the medium segment was the highest revenue contributor.
In 2018, by application, the vacation/leisure segment was the highest revenue contributor.
In 2018, region-wise, Europe contributed the highest revenue, followed by Asia-Pacific, North America, and LAMEA.

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

Companies Mentioned

  • Boatsetter, Inc.
  • SAILOGY S.A.
  • Northrop & Johnson
  • IYC
  • ZIZOOBOATS GmbH
  • Yachtico, Inc.
  • MARTELLO YACHTING & COMPANY
  • Ionian Catamarans
  • Boatjump, S.L.
  • West Coast Marine Yacht Services Pvt. Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...