Yacht charter market

Q: Which region held the largest market share in the market in 2021?

Europe held the largest share in the market in 2021. Read more

Yacht Charter Market, 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), and By Yacht Size (Large (over 50m), Medium (30m – 50m) and Small (up to 30m)), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jan 2023
CMI3902
130 Pages
Excel & Pdf
Automotive and Transportation

Summary

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 taxation in certain regions is expected to hamper the global yacht charter market growth over the forecast period

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

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

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.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Yacht Charter Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

Global Yacht Charter Market, By Yacht Type:

Motor Yacht

Displacement Type
Semi-Displacement
Planing
Catamaran
Trimaran

Sailing Yacht

Sloop
Schooner
Catamaran
Ketch

- Frequently Asked Questions -

What is the expected market size of the global yacht charters market in 2030?

The global yacht charters market is expected to reach US$ 93506.3 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 6.9% during the forecast period (2022-2030).

Based on the Application, which segment held the largest market share in the Market in 2021?

Yacht sizes segment held the largest market share among the application in 2021.

What is the primary factor contributing towards the growth of market?

Increasing number of yacht owners is expected to drive growth of the market during the forecast period.

Which region held the largest market share in the market in 2021?

Europe held the largest share in the market in 2021.

Who are the key players operating in the market?

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