all report title image

Yacht charter is the practice of renting a motor yacht or sailboat and traveling to numerous island destinations. Yacht charters are typically used for vacation, business, and leisure activities. There are two types of charter namely skippered and bareboat, in which, bareboat charters involve a person renting a boat. Majority of bareboat companies offer courses to teach basic seamanship and prepare people for bareboat chartering. Various associated businesses such as yacht management, which assists in the construction of new yachts are also entering the market. Yacht charter companies are focusing on vertical integration with major yacht manufacturers in order to increase their revenue.

The global yacht charter market was valued at US$ 52268.8 % Mn in 2021.

Recent Developments:

  • Major companies in the market are focused on their business expansion, in order to gain a competitive edge in the market. For instance, in May 2022, Fraser Escape Bareboat Charters announced the new addition of 35M/112 Sunseeker motor yacht corazon to their management fleet of yacht.

Restraint:

  • High seasonal pricing is expected to restrain growth of the global yacht charter market during the forecast period
  • High seasonal pricing is expected to restrain growth of the global yacht charter market during the forecast period
CMI table icon

Yacht Charter Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 52268.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 6.9%  2030 Value Projection: US$  93506.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Yacht Type: Motor Yacht (Displacement Type, Semi-Displacement, Planing, Catamaran and Trimaran) and Sailing Yacht (Sloop, Schooner. Catamaran and Ketch)
  • By Consumer Type: Corporate, Retail (Individual, Family/Group, Couple and Others
  • By Yacht Size: Large (over 50m), Medium (30m – 50m) and Small (up to 30m)
Companies covered:

Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.

Growth Drivers:
  • Increasing number of yacht owners is expected to drive growth of the global yacht charter market during the forecast period
  • Continuous advancements in technology are expected to propel the global yacht charter market growth over the forecast period
Restraints & Challenges:
  • High seasonal pricing is expected to restrain growth of the global yacht charter market during the forecast period
  • High taxation in certain regions is expected to hamper the global yacht charter market growth over the forecast period

Global Yacht Charter Market - Impact of Coronavirus (Covid-19) Pandemic:

Many countries’ economies have suffered as a consequence of the COVID-19 Pandemic. The global coronavirus (COVID-19) pandemic had a significant negative impact on the travel and tourism business, especially the yacht charter business. The outbreak, which also greatly increased industry uncertainties, generated a sense of apprehension among everyone involved in the industrial value chain. As a result, during the epidemic, the global yacht charter business grew slowly.

Europe held a dominant position in the global yacht charters market in 2021 Statistics:

Europe region dominated the global yacht charters market in 2021, accounting for a 59.3% share in terms of value, followed by North America and Asia Pacific respectively

Figure 1: Global Yacht Charters Market Share (%), By Region, 2021

Yacht Charter  | Coherent Market Insights

Europe Yacht Charters Market is expected to witness a CAGR of 6.9% over the forecast period.

Europe Global Yacht Charters Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for yacht charters in emerging economies such as South Korea, India, and China.   Moreover, high disposable income, and high growth of tours and travel sector. It is expected to boost the regional market growth. 

Figure 2: Global Yacht Charters Market (US$ Mn) Analysis and Forecast, 2017 - 2030  

Yacht Charter  | Coherent Market Insights        

The global yacht charters market was valued at US$ 52268.8 Mn in 2021 and is expected to reach US$ 93506.3 Mn by 2030, growing at a CAGR of 6.9% between 2022 and 2030.

Major players operating in the global yacht charters market include Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.

A storage area network refers to a high-speed network, which interconnects and presents a shared band of storage devices to various servers. SANs are typically helpful in backup and disaster recovery settings. SANs are used to enhance the capacity of mass storage devices such as optical jukeboxes, tape libraries, and disk arrays that have access to servers. Increasing volumes of critical data being accumulated in the global business environment have led to an increased need for better performances, manageability, availability, and security of data storage assets among enterprises. Furthermore, many enterprises are focused on implementing specialized storage networks that can aid businesses in attaining operational efficiencies.

The global yacht charter market was valued for US$ 52268.8 Mn in 2021.

Market Dynamics

Previously, in a conventional approach, LAN was used for data back-up and restore functions that are particularly slow and majorly impact efficiency of the whole operation. On the contrary, in SAN approach, data moves smoothly across the SAN to tape devices as it does not utilize critical server I/O or CPU resources. Several issues can be improved with the integration of high-performance backup and restore capabilities with data availability and device sharing. This includes performance degradation, extended downtime periods, and shrinking backup windows. However, increase in the overall server efficiency with server-less backup offered by SAN architecture is fueling adoption of SAN across various verticals. Thus, these factors are expected to drive growth of the market in the near future. Increasing usage of SANs among small and medium-sized enterprises (SMEs) is expected to boost the market growth, especially in emerging economies. This adoption of SANs among smaller organizations is mainly driven by the benefits offered by SANs such as flexibility, shared storage, and centralized control, in order to share capacity between multiple hosts. As a result of this, major SAN solution providers are constantly focused on products that are easy to use and are cost-effective for smaller enterprises, which in turn, is expected to boost the global Yacht Charter market growth over the forecast period.

Key features of the study:

  • This report provides an in-depth analysis of the Global Yacht Charter Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2017-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Yacht Charter Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Yacht Charter Market includes Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos..
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, Yacht Size up gradation, market expansion, and marketing tactics
  • The global Yacht Charter market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Yacht Charter Market

Detailed Segmentation

  • Global Yacht Charter Market, By Yacht Type:
    • Displacement Type
    • Semi-Displacement
    • Planing
    • Catamaran
    • Trimaran
    • Sloop
    • Schooner
    • Catamaran
    • Ketch
    • Motor Yacht
    • Sailing Yacht
  • Global Yacht Charter Market, By Consumer Type:
    • Corporate
    • Retail
      • Individual
      • Family/Group
      • Couple
      • Others
  • Global Yacht Charter Market, By Yacht Size:
    • Large (over 50m)
    • Medium (30m – 50m)
    • Small (up to 30m)
  • Global Yacht Charter Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Fun2Rent*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Boatbound Inc.
    • Dream Yacht Charter
    • Fraser Escape Bareboat Charters
    • Incrediblue Limited
    • Sailogy S.A.
    • Sunsail Ltd.
    • The Moorings
    • Yachtico, Hanse Group
    • Antlos

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global yacht charters market is expected to reach US$ 93506.3 million by 2030.
The market is expected to witness a CAGR of 6.9% during the forecast period (2022-2030).
Yacht sizes segment held the largest market share among the application in 2021.
Increasing number of yacht owners is expected to drive growth of the market during the forecast period.
Europe held the largest share in the market in 2021.
Key players operating in the global Yacht Charter are Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo