The global yacht charter market size reached US$ 7.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.12 Billion by 2027 exhibiting a growth rate (CAGR) of 8.50% during 2022-2027.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Yacht charter represents the process of renting a motor- or sail-driven marine vessel for commercial or recreational purposes. These services are mainly used for traveling to various coastal areas. These privately or company-owned yachts that are provided on a rental basis consist of luxury facilities within the vessel, such as captains, professional crews, and online or on-call support. Several charter companies also furnish and offer a detailed itinerary based on the requirements of their clients. As a result, yacht charter finds widespread applications in luxury marine tourism and recreational boating.
Yacht Charter Market Trends and Drivers:
The escalating preferences for personalized services in various activities and the expanding marine tourism sector are primarily driving the yacht charter market. Besides this, the rising participation of the masses in recreational and competitive boating exercises across the globe is further augmenting the market growth.
Moreover, the increasing improvements in yacht charter infrastructure, including the launch of hybrid business models, are also catalyzing the global market. Apart from this, the inflating per capita income levels and the growing inclination toward luxury trips across exotic locations are acting as significant growth-inducing factors.
Furthermore, the emerging trend of fishing and water sports and the elevating usage of renewable energy as the preliminary fuel in several marine vehicles, owing to the enhanced focus on sustainable development, is anticipated to bolster the yacht charter market over the forecasted period.
| Yacht Charter Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 7.18 Billion |
| Market forecast in 2027 | US$ 12.12 Billion |
| Growth Rate | CAGR of 8.50% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Length and Contract Type |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | Boat International Media Ltd, Boatsetter Inc., Kiriacoulis Mediterranean, MarineMax Inc, Martello Yachting & Company, Nautal (Click&Boat), OceanBlue Logistics Limited, Sunsail Limited (TUI Group), Sunseeker International Ltd., The Moorings, YACHTICO INC. and Zizooboats GmbH. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Motor Yacht
- Sailing Yacht
Breakup by Length:
- Up To 20 Ft
- 20 To 50 Ft
- Above 50 Ft
Breakup by Contract Type:
- Bareboat Charter
- Crewed Charter
By Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
The major players in the market are
- Boat International Media Ltd
- Boatsetter Inc.
- Kiriacoulis Mediterranean
- MarineMax Inc
- Martello Yachting & Company
- Nautal (Click&Boat)
- OceanBlue Logistics Limited
- Sunsail Limited (TUI Group)
- Sunseeker International Ltd.
- The Moorings
- YACHTICO INC.
- Zizooboats GmbH.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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