+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 Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

  • PDF Icon

    Report

  • 116 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5697632
The COVID-19 pandemic brought an unprecedented decline in the overall yacht charter market.

The global Yacht charter market was valued at US$ 16.49 Bn in 2021 witnessing a steady growth in recent years. However, with the onset of the COVID-19 pandemic, almost all operations in the yacht charter market were halted due to severe lockdown restrictions and lack of tourism. Thereby, the overall global yacht charter market witnessed a decline of about 85% in 2020, accounting to only US$ 1.63 Bn in terms of market value. However, with easing lockdown restrictions in most countries coupled with resumption of the overall tourism industry, the yacht charter market is expected to steady reach pre-COVID-19 levels by 2022. On account of the significant drop in 2020 and estimated quick recovery in 2021 and 2022, the global yacht charter market is expected to bounce back with a CAGR of 25.6% during the forecast period from 2022 to 2030.

Consistently growing number of high net worth individuals to drive the global yacht charter market

The market is highly driven by rising inclination towards luxury cruising worldwide. This further complemented by consistently increasing number of high-net-worth individuals globally. In 2020, the number of high-net-worth individuals worldwide increased by nearly 9%, according to 2020 World Health Report by Capgemini. This represents a promising user base for yacht charter companies. With increasing interest in luxury cruising along with consistently increasing number of high net worth, especially in Asia Pacific, the yacht charter market is set to register robust growth over the forecast period.

Motor yachts segment to lead the market throughout the forecast period

Motor yachts segment led the overall yacht charter market in 2020. The segment contributed to over 70% of the total market value generated worldwide. Despite the exotic experience offered by sailing yachts, motor yachts are typically more preferred over the counterparts. This is primarily due to higher speed, power, space and luxury offered by motor yachts as compared to sailing yachts. Motor yachts have larger space for entertainment, bigger cabins and usable deck space. In addition, they are easier to operate as compared to sailing boats. Thus, people with limited sailing experience prefer chartering motor yachts. Other features offered by motor yachts include sophisticated communication & navigation systems, electronic entertainment systems and amenities.

Europe dominates the market with more than 50% market share; Asia Pacific to emerge as the next promising market

Europe led the overall yacht charter market worldwide with market share, in terms of value, of over 50% in 2020. The European market is principally governed by Mediterranean countries including Greece, Croatia, Italy, Spain and France among others in the region. In addition, the U.K., Germany and some of the Nordic countries too form major markets for yacht chartering business. The market growth in Europe is primarily supported by favorable climate and spectacular natural beauty. In addition, the region is home to the 2nd highest number of high net worth individuals worldwide. This has further ensured substantial demand for yacht charter services in the region.

Asia Pacific is set to register the fastest growth in yacht charter over the forecast period. The market here is majorly governed by steadily increasing discretionary income of the people in the region. Similarly, growing interest of people in luxury cruising is another important factor supporting the market growth. Southeast Asia has witnessed profound growth in yacht charter market since the past few years. Apart from the regional tourists, number of Western tourists too has increased dramatically over the period. One of the most prominent factors driving yacht charter business in Asia Pacific is relatively low cost of cruising as compared to Western destinations. In addition, improving infrastructure plays a prominent role in supporting the regional yacht charter market growth.

Geographic expansion and service enhancement to remain the key strategies

The overall yacht charter market is quite consolidated in nature with major companies such as TUI Marine (including Sunsail, Le boat and Footloose), Dream Yacht Charter and Kiriacoulis among others holding the majority of market share. These companies primarily have their operations in Europe and North America having strong yacht charter sector. In case of Asia Pacific, the region is home to large number of regional yacht charter companies serving limited number of countries, making the market quite fragmented in the region. This is attributed to low popularity of yacht chartering in the current scenario.

However, with growing popularity of yacht chartering in Asia Pacific, companies are taking efforts to increase their presence in the region. For instance, in February 2018, Fraser Yachts announced the opening of its new offices in Indonesia, Hong Kong, Thailand, Vietnam and the Philippines. The expansion was made taking into consideration the rapid growth observed in yacht chartering sector of the region. Apart from geographic expansion, companies also focus on increasing their vacation packages for multiple destinations.

Another prominent strategy adopted by yacht charter companies is continual efforts towards improving the yachting experience for their users. With increasing popularity of yacht chartering, users are now more inclined towards luxury cruising that provides numerous facilities and superior experience. As a result, yacht charter companies are investing on improving facilities such as online booking, internet connectivity and improved hospitality onboard.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Yacht Charter market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Yacht Charter market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Yacht Type

  • Sailing Yachts
  • Motor Yachts

Yacht Size

  • Small (Upto 30m)
  • Medium (30 to 60m)
  • Large (Above 60m)

Contract Type

  • Bareboat Charter
  • Crewed Charter

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Yacht Charter market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Yacht Charter market?
  • Which is the largest regional market for Yacht Charter market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Yacht Charter market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Yacht Charter market worldwide?


This product will be delivered within 2 business days.

Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Yacht Charter Market
2.2. Global Yacht Charter Market, By Yacht Type, 2021 (US$ Million)
2.3. Global Yacht Charter Market, By Yacht Size, 2021 (US$ Million)
2.4. Global Yacht Charter Market, By Contract Type, 2021 (US$ Million)
2.5. Global Yacht Charter Market, By Geography, 2021 (US$ Million)
2.6. Impact of Covid 19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Yacht Charter Market Vendors
2.8.2. Strategies Adopted by Yacht Charter Market Vendors
2.8.3. Key Industry Strategies
3. Yacht Charter Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Yacht Charter Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Sailing Yachts
4.3.2. Motor Yachts
5. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Small (Upto 30m)
5.3.2. Medium (30 to 60m)
5.3.3. Large (Above 60m)
6. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Bareboat Charter
6.3.2. Crewed Charter
7. North America Yacht Charter Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
7.3. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
7.4. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
7.5.Yacht Charter Market: By Region, 2020-2030, USD (Million)
7.5.1.North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Yacht Charter Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
8.3. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
8.4. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
8.5.Yacht Charter Market: By Region, 2020-2030, USD (Million)
8.5.1.UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Yacht Charter Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
9.3. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
9.4. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
9.5.Yacht Charter Market: By Region, 2020-2030, USD (Million)
9.5.1.Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Yacht Charter Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
10.3. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
10.4. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
10.5.Yacht Charter Market: By Region, 2020-2030, USD (Million)
10.5.1.Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Yacht Charter Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Yacht Charter Market: By Yacht Type, 2020-2030, USD (Million)
11.3. Yacht Charter Market: By Yacht Size, 2020-2030, USD (Million)
11.4. Yacht Charter Market: By Contract Type, 2020-2030, USD (Million)
11.5.Yacht Charter Market: By Region, 2020-2030, USD (Million)
11.5.1.Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profile
12.1. Boat International Media Ltd.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Boatbookings.com
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Camper & Nicholsons International Ltd.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Charterworld Ltd.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Collaborative Boating, Inc.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Cosmos Yachting Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Dream YC SARL
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Fairline Yachts Ltd.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Fraser Yachts
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Kiriacoulis Mediterranean Cruises Shipping SA
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Le Boat
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Nigel Burgess Ltd.
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Northrop & Johnson, Inc.
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Sailogy SA
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. Sunsail, Inc.
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
12.16. The Moorings
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Portfolio
12.16.4. Strategic Initiatives
12.17. Yachtico, Inc.
12.17.1. Company Overview
12.17.2. Financial Performance
12.17.3. Product Portfolio
12.17.4. Strategic Initiatives
12.18. Zizooboats GmbH
12.18.1. Company Overview
12.18.2. Financial Performance
12.18.3. Product Portfolio
12.18.4. Strategic Initiatives
List of Figures
Figure 1 Global Yacht Charter Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Yacht Charter Market: Quality Assurance
Figure 5 Global Yacht Charter Market, By Yacht Type, 2021
Figure 6 Global Yacht Charter Market, By Yacht Size, 2021
Figure 7 Global Yacht Charter Market, By Contract Type, 2021
Figure 8 Global Yacht Charter Market, By Geography, 2021
Figure 9 Global Yacht Charter Market, By Yacht Type, 2021 Vs 2030, %
Figure 10 Global Yacht Charter Market, By Yacht Size, 2021 Vs 2030, %
Figure 11 Global Yacht Charter Market, By Contract Type, 2021 Vs 2030, %
Figure 12 U.S. Yacht Charter Market (US$ Million), 2020 - 2030
Figure 13 Canada Yacht Charter Market (US$ Million), 2020 - 2030
Figure 14 Rest of North America Yacht Charter Market (US$ Million), 2020 - 2030
Figure 15 UK Yacht Charter Market (US$ Million), 2020 - 2030
Figure 16 Germany Yacht Charter Market (US$ Million), 2020 - 2030
Figure 17 Spain Yacht Charter Market (US$ Million), 2020 - 2030
Figure 18 Italy Yacht Charter Market (US$ Million), 2020 - 2030
Figure 19 France Yacht Charter Market (US$ Million), 2020 - 2030
Figure 20 Rest of Europe Yacht Charter Market (US$ Million), 2020 - 2030
Figure 21 China Yacht Charter Market (US$ Million), 2020 - 2030
Figure 22 Japan Yacht Charter Market (US$ Million), 2020 - 2030
Figure 23 India Yacht Charter Market (US$ Million), 2020 - 2030
Figure 24 Australia Yacht Charter Market (US$ Million), 2020 - 2030
Figure 25 South Korea Yacht Charter Market (US$ Million), 2020 - 2030
Figure 26 Rest of Asia Yacht Charter Market (US$ Million), 2020 - 2030
Figure 27 Brazil Yacht Charter Market (US$ Million), 2020 - 2030
Figure 28 Mexico Yacht Charter Market (US$ Million), 2020 - 2030
Figure 29 Rest of Latin America Yacht Charter Market (US$ Million), 2020 - 2030
Figure 30 GCC Yacht Charter Market (US$ Million), 2020 - 2030
Figure 31 Africa Yacht Charter Market (US$ Million), 2020 - 2030
Figure 32 Rest of Middle East and Africa Yacht Charter Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 2 Global Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 3 Global Yacht Charter Market By Contract Type, 2020-2030, USD (Million)
Table 4 North America Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 5 North America Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 6 North America Yacht Charter Market By Contract Type, 2020-2030, USD (Million)
Table 7 UK and European Union Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 8 UK and European Union Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 9 UK and European Union Yacht Charter Market By Contract Type, 2020-2030, USD (Million)
Table 10 Asia Pacific Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 11 Asia Pacific Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 12 Asia Pacific Yacht Charter Market By Contract Type, 2020-2030, USD (Million)
Table 13 Latin America Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 14 Latin America Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 15 Latin America Yacht Charter Market By Contract Type, 2020-2030, USD (Million)
Table 16 Middle East and Africa Yacht Charter Market By Yacht Type, 2020-2030, USD (Million)
Table 17 Middle East and Africa Yacht Charter Market By Yacht Size, 2020-2030, USD (Million)
Table 18 Middle East and Africa Yacht Charter Market By Contract Type, 2020-2030, USD (Million)

Companies Mentioned

  • Boat International Media Ltd.
  • Boatbookings.com
  • Camper & Nicholsons International Ltd.
  • Charterworld Ltd.
  • Collaborative Boating Inc.
  • Cosmos Yachting Ltd.
  • Dream YC SARL
  • Fairline Yachts Ltd.
  • Fraser Yachts
  • Kiriacoulis Mediterranean Cruises Shipping SA Le Boat
  • Nigel Burgess Ltd.
  • Northrop & Johnson Inc.
  • Sailogy SA
  • Sunsail Inc.
  • The Moorings
  • Yachtico Inc.
  • Zizooboats GmbH