yacht charter market

Yacht Charter Market Research FAQs

What is the current yacht charter market size.

The Yacht Charter Market is projected to register a CAGR of 5.79% during the forecast period (2024-2029)

Who are the key players in Yacht Charter Market?

Dream Yacht Charter, OceanBLUE Yachts Ltd., Burgess, Simpson Marine and Northrop and Johnson are the major companies operating in the Yacht Charter Market.

Which is the fastest growing region in Yacht Charter Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Yacht Charter Market?

In 2024, the Europe accounts for the largest market share in Yacht Charter Market.

What years does this Yacht Charter Market cover?

The report covers the Yacht Charter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Yacht Charter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

What drives the Global Yacht Charter Market growth?

The Key Drivers of the Global Yacht Charter Market are: a) Rising disposable incomes b) Desire for unique travel experiences c) Growing interest in water-based activities and personalized travel experiences d) Increasing yachting infrastructure

What are the key challenges for the Global Yacht Charter industry?

Key Challengers in the Yacht Charter Industry are: a) Seasonal variations in demand b) High operational costs c) Stringent Regulations d) Environmental concerns, and e) fluctuating fuel prices

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Yacht Charter Industry Report

The global yacht charter market is on a significant upward trajectory, fueled by the surging interest in recreational yachting and marine tourism. Offering a wide array of yacht types such as motor, sailing, and luxury yachts with lavish amenities, it serves diverse segments including leisure and business. The market, segmented by contract type, yacht size, and end-user preferences, provides both bareboat and crewed charters to meet varying client needs for privacy and independence. Dominated by Europe and North America, due to their robust tourism sectors and the affluent demographic seeking premium cruising experiences, the market is also benefiting from an increase in fleet sizes by leading players and supportive marine tourism policies. However, it faces hurdles like high charter costs and region-specific tax regulations. Yet, with a growing appetite for luxury and marine leisure activities, the yacht charter market is set for ongoing growth. For detailed market share, size, and revenue growth insights, Mordor Intelligence™ offers comprehensive industry reports, including forecasts and historical overviews, available as free PDF downloads.

Yacht Charter Market Report Snapshots

• Yacht Charter Market Share
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• Transportation & Logistics
• Yacht Charter Market

"Market Intelligence for High-Geared Performance"

Yacht Charter Market Size, Share & Industry Analysis, By Yacht Type (Motor Yacht, Sailing Yacht, and Others), By Yacht Size (Up to 40m, 40 to 60 m, and Above 60m), By End-use (Leisure, Business, and Others), By Contract Type (Bareboat and Crewed), and Regional Forecast, 2024-2032

Last Updated: August 05, 2024 | Format: PDF | Report ID: FBI105123

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• Methodology
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KEY MARKET INSIGHTS

The global yacht charter market size was valued at USD 7.74 billion in 2023. The market is projected to grow from USD 8.33 billion in 2024 to USD 15.53 billion by 2032, exhibiting a CAGR of 8.1% during the forecast period.

A yacht charter service, which offers boat rentals for recreational and leisure pursuits, provides individuals with the opportunity to hire watercraft. Individuals or companies can privately own yachts, or they can be made available for rental. Yachts equipped with professional crews boast lavish amenities, making them suitable for both corporate and leisure use. These vessels provide a seamless luxury experience, adhering to the highest standards of comfort. Yachts are commonly used in activities such as sailing and fishing, particularly in European countries, offering a range of benefits from thrilling adventures to complete relaxation.

In response to the increasing demand for marine tourism and water sports activities, original equipment manufacturers (OEM) consistently engage in innovation, developing yachts with high-speed capabilities and luxurious features. Yacht rental companies facilitate convenient access to charter vessels through online platforms and mobile applications, contributing to the expected market growth in the years to come.

The imposition of travel restrictions and lockdowns during the COVID-19 pandemic in many regions had a direct impact on the yacht charter industry. Movement limitations and closed borders led to a decrease in international travel, affecting the demand for the product, especially in destinations that heavily rely on tourists.

Yacht Charter Market Trends

Growing Trends of Digital Platforms and Mobile Apps for Yacht Charter Booking to Drive the Market Growth

Yacht charter companies have been increasingly leveraging digital platforms and mobile applications to streamline booking processes. These platforms offer convenient and transparent ways for clients to browse available yachts, compare prices, and make reservations. Digital platforms and booking apps prioritize user-friendly interfaces to ensure a seamless and convenient experience for clients. Intuitive navigation, high-quality visuals, and detailed information about each yacht contribute to an engaging and informative booking process.

Moreover, tourists can browse and book yacht charters at their convenience through these digital platforms. The ability to view real-time availability, compare options, and complete reservations online streamlines the booking process, eliminating the need for extensive offline communication.

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Yacht Charter Market Growth Factors

Growing Popularity of Luxury and Marine Tourism to Fuel the Market Growth

The increasing global affluence, particularly among high-net-worth individuals, has boosted demand for luxury experiences, including the product. These products are considered a premium and exclusive form of travel, attracting those seeking high-end and personalized leisure experiences. There is a broader trend toward experiential travel, where individuals seek unique and memorable experiences. The product aligns with this trend by offering the opportunity to explore picturesque destinations, indulge in personalized services, and enjoy a customized journey on the open seas.

These products are increasingly popular for exploring specific destinations, coastal regions, and island-hopping experiences. The flexibility to visit multiple locations in a single trip and the allure of secluded or less-travelled destinations contribute to the expansion of the yacht charter market. Furthermore, technological advancements, including innovations in yacht design, propulsion systems, and onboard amenities, attract charter clients looking for the latest in luxury and comfort. The incorporation of eco-friendly technologies, such as hybrid or electric propulsion, also appeals to environmentally conscious travellers.

RESTRAINING FACTORS

High Costs of the Product May Hinder the Market Growth

The yacht is available for rent at a base or weekly rate. Various factors, including the yacht type, crew requirements, charter destination, local taxes, and fundamental expenses influence the overall cost of a product. Consequently, a broad spectrum of basic rates for charters exists. Notably, charter rates span from USD 10,000 weekly for catamarans and smaller sailing yachts to as high as USD 150,000 weekly for the most opulent motor superyachts.

It is essential to consider additional expenses, which are not compulsory but typically account for around 15-30% of the base fare. These hidden costs encompass taxes, value-added tax (VAT), insurance, crew gratuities, and prepayments for meals collected before the commencement of the charter.

As an illustration, the Bahamas has introduced a new 10% VAT rate for all foreign-flagged charter yachts, applicable to contracts signed after July 1, 2022. Coupled with the existing 4% charter fee, this new addition brings the total additional cost to 14%. This amount functions akin to an expense account accessible to the captain during the charter. Such costs pose a hurdle for customers from developing countries, thereby placing constraints on the growth of the yacht charter market.

Yacht Charter Market Segmentation Analysis

By contract type analysis.

Bareboat Segment Held a Major Market Share Due to High-Level of Autonomy

Based on contract type, the market is segmented into bareboat and crewed. The bareboat segment held the largest share in 2023 due to the high level of autonomy offered by the bareboat to sailors, individuals or groups compared to crewed boats . Many enthusiasts prefer the hands-on experience of sailing, handling the yacht's operations, and navigating the waters themselves by using the bareboat. This demographic values the opportunity to showcase their sailing skills and enjoy a more intimate connection with the sea. Compared to crewed charters, bareboat charters are often more cost-effective. By eliminating the expense of a professional crew, charterers can allocate their budget more toward the yacht itself and other aspects of the trip. This affordability makes bareboat charters an attractive option for those looking to maximize their sailing experience within a specific budget.

The crewed segment is experiencing significant growth due to growing demand for the luxurious experience. Crewed charters provide a high level of personalized service. The crew is trained to cater to the specific preferences and requirements of the charterers, creating a customized and memorable experience. From gourmet meals to personalized itineraries, the crew is dedicated to meeting the guests' expectations.

By Yacht Size Analysis

Up to 40m Segment Captures the Largest Share Due to the Flexibility & Affordability of Small Products

Based on yacht size, the market is classified into up to 40m, 40 to 60m, and above 60m.

The up to 40m segment accounts for the leading global market share due to its ease of manoeuvrability. Smaller yachts are generally more manoeuvrable, allowing them to access narrower waterways, shallow anchorages, and secluded bays that might be challenging for larger vessels. This flexibility enhances the variety of destinations and experiences available to charterers. Yachts in the up to 40-meter size range are often more cost-effective than larger vessels in terms of charter fees, operational costs, and maintenance. This makes them attractive to a broader audience, including those looking for a premium experience within a specific budget.

The 40 to 60 m segment is expected to grow at a significant rate during the forecast period. The size of these yachts allows for the comfortable accommodation of larger groups, making them suitable for family vacations, group celebrations, or corporate events. Clients can enjoy the exclusivity of a private yacht charter while sharing the experience with a significant number of guests.

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By Yacht Type Analysis

Motor Yacht Segment Dominates the Market Owing to Speed and Efficiency

Based on yacht type, the market is segmented into motor yacht, sailing yacht, and others.

The motor yacht segment holds the largest share globally and is expected to retain its leading position in the market during the forecast period. Motor yachts are known for their speed and efficiency in covering long distances in shorter timeframes compared to sailing yachts. This appeals to charter clients who prioritize reaching multiple destinations quickly and maximizing their time for exploration and relaxation. Furthermore, the increasing number of sporting activities, boating events, and tournaments create a high demand for motor yachts.

The sailing yacht segment is expected to show steady growth in the market during the forecast period owing to the growing demand for environment-friendly yachts among people. Sailing yachts are often considered more environmentally friendly compared to motor yachts, as they harness the power of the wind for propulsion. Charter clients with a focus on sustainable and eco-friendly travel are drawn to sailing charters as a greener alternative, aligning with their values and contributing to the appeal of a low-impact vacation.

By End-use Analysis

Leisure Segment Accounted for the Largest Market Share Due to the Rising Number of High Net worth Individuals

By end-use, the market segmented into leisure, business, and others.

The leisure segment held the major global market share in 2023 due to an increase in individuals' disposable income. There is an increasing inclination toward the luxury yacht rental industry, especially from high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) worldwide. Leisure yacht charting offers highly personalized experiences, allowing clients to tailor their itineraries, choose onboard activities, and enjoy customized services. This level of personalization caters to individuals and groups with specific preferences and desires.

The business sector is witnessing a surge in popularity within the market, primarily because the yacht business operates on a straightforward concept, resembling other profit-oriented enterprises. Individuals belonging to higher income brackets or those with substantial tax liabilities are increasingly investing in yachts and actively managing them for profit, either through third-party management services or by direct involvement. Notably, in the U.S., buyers falling into the high-income tax brackets often opt for this ownership model.

REGIONAL INSIGHTS

Europe Dominated the Market Due to Well-Established Tourism Industry in the Region

Geographically, the market is segmented into the Asia Pacific, Europe, North America, and the rest of the world.

Europe Yacht Charter Market Size, 2023 (USD Billion)

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Europe held the largest yacht charter market share in 2023. The region offers a diverse range of coastal landscapes and picturesque destinations, making it highly attractive for yacht charterers. From the Mediterranean with its stunning islands to the rugged coastlines of the Adriatic and the historic charm of the French Riviera, Europe provides a rich variety of cruising grounds. It also has a well-established yachting infrastructure with numerous marinas, ports, and facilities catering to the needs of charters. The presence of a comprehensive network of services, including refuelling, maintenance, and support, contributes to the convenience and accessibility of yacht rentals in the region.

North America secures the second-most significant position in the market, benefitting from its diverse coastlines that offer exceptional cruise destinations. The U.S. takes the lead within this regional market, primarily due to the presence of major charter hubs in the country.

The Asia Pacific market is poised to exhibit the highest growth rate in the foreseeable future. This growth is attributed to rapid urbanization, elevating living standards, and increasing disposable income, influencing the evolution of individual preferences. The surge in popularity of recreational pursuits, including fishing and water sports in countries such as Thailand, Malaysia, Singapore, China, Japan, and Australia, coupled with the expanding maritime tourism sector, presents lucrative opportunities for companies. Furthermore, proactive government initiatives aimed at fostering maritime tourism, particularly in nations such as China and India, are anticipated to propel the market growth in the region.

List of Key Companies in Yacht Charter Market

Significant Product Offerings by Dream Yacht Charter to Enhance its Position

Established in 2000 by Loic Bonnet, Dream Yacht Charter stands as a global leader in yacht expertise, specializing in charter management, brokerage, and private yacht ownership. Headquartered in Maryland, U.S., the company is recognized for its pioneering role in providing seamless charters, expert guidance, and tailored solutions. Renowned for introducing new sailing destinations, Dream Yacht Charter offers a diverse array of charter options, including Captain, Bareboat, Sabbatical, Crewed, and Cabined. With a fleet of over 1,000 yachts situated in approximately 60 locations worldwide, the company holds ownership of vessels from some of the world's largest yacht builders, such as Dufour, Aquila, and Fontaine Pajot. In 2019, Dream Yacht Charter initiated the MoreWomenAtSea campaign, aiming to encourage increased female participation in sailing and nautical education. Building on its commitment to diverse experiences, the company entered a partnership with river cruise specialist Les Canalous in February 2020, facilitating the expansion of boat holidays on canals throughout Europe.

LIST OF KEY COMPANIES PROFILED:

• Worldwide Boat LLC (U.S.)
• Dream Yacht Group (U.S.)
• Northrop & Johnson (France)
• Sailo Inc. (Monaco)
• Camper & Nicholsons (Japan)
• Ocean Independence (Switzerland)
• Burgess Yachts (U.K.)
• The Moorings Limited (U.S.)
• Boatbookings (U.K.)
• Ritzy Charters LLC (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• July 2023: Northrop & Johnson added MAORIA Numarine Yacht to its fleet. The 85’4” (25.6m) yacht has been made available to cruise through France, including Corsica and Sardinia. The cost of charters starts from USD 59,390 per week, plus expenses.
• July 2023 : Camper & Nicholsons International Ltd added Eratosthenes to its charter CA fleet from Nautor’s Swan. The sailing yacht is 34.3m and accommodates six guests in three cabins, along with two Pullman berths especially suited to children. The yacht is available for charter in the Greek islands.
• April 2023: Ocean Independence added the 27m motor yacht A4 to its charter fleet. It can accommodate ten guests in 4 staterooms. In addition, three crew members run the yacht.
• January 2023: Burgess Yachts announced the addition of six new stunning yachts to its fleet. This new addition includes the luxury of M'BRACE to chic free spirit ENTERPRISE, elegant lady LIND to high octane ROX STAR. All these yacht helped the company to attrach more  tourists during the summer.
• January 2023: Dream Yacht Worldwide and Fountaine Pajot, builders of leading-edge luxury catamarans, announced their partnership to launch their fleet’s first collection of electric catamarans. The Aura 51 Smart Electric will be the first electric model introduced to the Dream Yacht Worldwide fleet and made available for chartering in Italy from April 2023 .

REPORT COVERAGE

The research report provides a detailed market analysis and focuses on key aspects such as leading companies, product types, and leading product applications. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth in recent years.

An Infographic Representation of Yacht Charter Market

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Report Scope & Segmentation

Frequently Asked Questions

Fortune Business Insights research report says that the market was valued at USD 7.74 billion in 2023 and is projected to reach USD 15.53 billion by 2032.

The market is expected to register a growth rate of (CAGR) 8.1% during the forecast period.

The growing popularity of recreational yachting and marine tourism activities is driving the market growth.

Europe led the market in 2023.

By yacht type, the motor yacht segment is leading the market.

Worldwide Boat LLC, Dream Yacht Group and Northrop & Johnson are the leading players operating in the market.

Craotia is dominating the yacht charter industry.

• STUDY PERIOD: 2019-2032
• BASE YEAR: 2023
• HISTORICAL DATA: 2019-2022
• NO OF PAGES: 200

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The global yacht charter market size is projected to grow from $8.33 billion in 2024 to $15.53 billion by 2032, at a CAGR of 8.1% during the forecast period

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Yacht Charter Market

Global Yacht Charter Market to Grow at a CAGR of 12.2% During 2024-2032, Aided by the Increasing Inclination towards Sea Exploration Activities

Global Yacht Charter Market Size, Trends, Forecast: 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; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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Global Yacht Charter Market Outlook

The global yacht charter market stood at a value of around USD 19.78 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.2% to reach USD 55.69 billion by 2032.

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Increasing Demand for Motor Yachts to Aid the the Global Yacht Charter Industry

Motor yachts are extremely powerful and fast and are capable of covering greater distances in less time. In addition, some notable advantages of motor yacht include enhanced privacy, high aesthetic appeal, and technological advances compared to their counterparts. Motor yachts help reduce crew expenditure as they are easier to operate and do not require prior expertise. Moreover, they are capable of entering shallow places such as in marinas and small bays. Therefore, in the forecast period, motor yachts are likely to attract more customers, thereby propelling the yacht charter industry  growth.

Europe Accounts for a Significant Share in the Market

The market in Europe is being driven by the presence of several luxury yacht charter destinations, coupled with the growing tourism industry in the region. In Europe, the major seas include Atlantic Ocean, the Mediterranean Sea, and Baltic Sea, among others. In addition, the growing interest among the business class population to experience unique and exciting sailing activities is anticipated to aid the market in the forecast period. Moreover, countries like Spain, Greece, Croatia, and Sweden, among others, are marine tourism hot spots, which attract large number of tourists every year.

Yacht Charter: Market Segmentation

Yacht chartering is defined as the practice of renting a yacht for leisure, business, or vacation activities. Yacht charter firms provide convenience to the clients by offering crew, captain, online and offline support, and emergency numbers. Yacht charter eradicates the need for owning a yacht for going out on holidays or for recreational activities.

Based on size, the market can be segmented into:

• Small (Up to 30m)
• Medium (30m-50m)
• Large (Over 50m)

On the basis of type, the market has been divided into:

• Motor Yacht
• Sailing yacht
• Other Yacht

The significant applications included in the market report are as follows:

• Vacation/ Leisure

The regional markets for yacht charter include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Inclination towards Marine Tourism and Sea Exploration Activities to Boost the Growth of the Yacht Charter Industry

The global yacht charter industry is being driven by the increasing inclination towards marine tourism and sea exploration activities owing to the rising consumer disposable incomes and increasing standards of living. There is an increase in the number of families opting for leisure trips and vacation. Further, attractive holiday plans being introduced by yacht charter firms are anticipated to aid the market. In addition to this, the growing trend of online booking, which reduces the complexity of documentation and renting process is likely to be a major driving factor for the market in the forecast period. Moreover, the favourable government initiatives aimed at supporting the marine tourism industry are anticipated to provide impetus to the market. Furthermore, the increasing efforts of key industry players to offer advanced and luxurious facilities to their clients to bolster their vocational experience are anticipated to further invigorate the market in the forecast period.

Key Industry Players in the Global Yacht Charter Market

The report gives a detailed analysis of the following key players in the global yacht charter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Charter Yachts Australia
• Princess Yachts Limited
• Sailogy S.A.
• Yachtico Inc.
• Northrop & Johnson Inc.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface 2    Report Coverage – Key Segmentation and Scope 3    Report Description     3.1    Market Definition and Outlook     3.2    Properties and Applications     3.3    Market Analysis     3.4    Key Players 4    Key Assumptions 5    Executive Summary     5.1    Overview     5.2    Key Drivers     5.3    Key Developments     5.4    Competitive Structure     5.5    Key Industrial Trends 6    Snapshot     6.1    Global     6.2    Regional 7    Opportunities and Challenges in the Market 8    Global Yacht Charter Market Analysis     8.1    Key Industry Highlights     8.2    Global Yacht Charter Historical Market (2018-2023)      8.3    Global Yacht Charter Market Forecast (2024-2032)     8.4    Global Yacht Charter Market by Size         8.4.1    Small (Up to 30m)             8.4.1.1    Historical Trend (2018-2023)             8.4.1.2    Forecast Trend (2024-2032)         8.4.2    Medium (30m-50m)             8.4.2.1    Historical Trend (2018-2023)             8.4.2.2    Forecast Trend (2024-2032)         8.4.3    Large (Over 50m)             8.4.3.1    Historical Trend (2018-2023)             8.4.3.2    Forecast Trend (2024-2032)     8.5    Global Yacht Charter Market by Type          8.5.1    Motor Yacht             8.5.1.1    Historical Trend (2018-2023)             8.5.1.2    Forecast Trend (2024-2032)         8.5.2    Sailing Yacht             8.5.2.1    Historical Trend (2018-2023)             8.5.2.2    Forecast Trend (2024-2032)         8.5.3    Other Yacht     8.6    Global Yacht Charter Market by Application          8.6.1    Vacation/ Leisure             8.6.1.1    Historical Trend (2018-2023)             8.6.1.2    Forecast Trend (2024-2032)         8.6.2    Sailing             8.6.2.1    Historical Trend (2018-2023)             8.6.2.2    Forecast Trend (2024-2032)         8.6.3    Others     8.7    Global Yacht Charter Market by Region                8.7.1    North America             8.7.1.1    Historical Trend (2018-2023)              8.7.1.2    Forecast Trend (2024-2032)         8.7.2    Europe             8.7.2.1    Historical Trend (2018-2023)              8.7.2.2    Forecast Trend (2024-2032)         8.7.3    Asia Pacific             8.7.3.1    Historical Trend (2018-2023)              8.7.3.2    Forecast Trend (2024-2032)         8.7.4    Latin America             8.7.4.1    Historical Trend (2018-2023)              8.7.4.2    Forecast Trend (2024-2032)         8.7.5    Middle East and Africa             8.7.5.1    Historical Trend (2018-2023)              8.7.5.2    Forecast Trend (2024-2032) 9    North America Yacht Charter Market Analysis     9.1    United States of America          9.1.1    Historical Trend (2018-2023)          9.1.2    Forecast Trend (2024-2032)     9.2    Canada         9.2.1    Historical Trend (2018-2023)          9.2.2    Forecast Trend (2024-2032) 10    Europe Yacht Charter Market Analysis     10.1    United Kingdom         10.1.1    Historical Trend (2018-2023)          10.1.2    Forecast Trend (2024-2032)     10.2    Germany         10.2.1    Historical Trend (2018-2023)          10.2.2    Forecast Trend (2024-2032)     10.3    France         10.3.1    Historical Trend (2018-2023)          10.3.2    Forecast Trend (2024-2032)     10.4    Italy         10.4.1    Historical Trend (2018-2023)          10.4.2    Forecast Trend (2024-2032)     10.5    Others 11    Asia Pacific Yacht Charter Market Analysis     11.1    China         11.1.1    Historical Trend (2018-2023)          11.1.2    Forecast Trend (2024-2032)     11.2    Japan         11.2.1    Historical Trend (2018-2023)          11.2.2    Forecast Trend (2024-2032)     11.3    India         11.3.1    Historical Trend (2018-2023)          11.3.2    Forecast Trend (2024-2032)     11.4    ASEAN         11.4.1    Historical Trend (2018-2023)          11.4.2    Forecast Trend (2024-2032)     11.5    Australia         11.5.1    Historical Trend (2018-2023)          11.5.2    Forecast Trend (2024-2032)     11.6    Others 12    Latin America Yacht Charter Market Analysis     12.1    Brazil         12.1.1    Historical Trend (2018-2023)          12.1.2    Forecast Trend (2024-2032)     12.2    Argentina         12.2.1    Historical Trend (2018-2023)          12.2.2    Forecast Trend (2024-2032)     12.3    Mexico         12.3.1    Historical Trend (2018-2023)          12.3.2    Forecast Trend (2024-2032)     12.4    Others 13    Middle East and Africa Yacht Charter Market Analysis     13.1    Saudi Arabia         13.1.1    Historical Trend (2018-2023)          13.1.2    Forecast Trend (2024-2032)     13.2    United Arab Emirates         13.2.1    Historical Trend (2018-2023)          13.2.2    Forecast Trend (2024-2032)     13.3    Nigeria         13.3.1    Historical Trend (2018-2023)          13.3.2    Forecast Trend (2024-2032)     13.4    South Africa         13.4.1    Historical Trend (2018-2023)          13.4.2    Forecast Trend (2024-2032)     13.5    Others 14    Market Dynamics     14.1    SWOT Analysis         14.1.1    Strengths         14.1.2    Weaknesses         14.1.3    Opportunities         14.1.4    Threats     14.2    Porter’s Five Forces Analysis         14.2.1    Supplier’s Power         14.2.2    Buyer’s Power         14.2.3    Threat of New Entrants         14.2.4    Degree of Rivalry         14.2.5    Threat of Substitutes     14.3    Key Indicators for Demand     14.4    Key Indicators for Price 15    Competitive Landscape     15.1    Market Structure     15.2    Company Profiles          15.2.1    Charter Yachts Australia             15.2.1.1    Company Overview             15.2.1.2    Product Portfolio             15.2.1.3    Demographic Reach and Achievements             15.2.1.4    Certifications         15.2.2    Princess Yachts Limited             15.2.2.1    Company Overview             15.2.2.2    Product Portfolio             15.2.2.3    Demographic Reach and Achievements             15.2.2.4    Certifications         15.2.3    Sailogy S.A.             15.2.3.1    Company Overview             15.2.3.2    Product Portfolio             15.2.3.3    Demographic Reach and Achievements             15.2.3.4    Certifications         15.2.4    Yachtico Inc.             15.2.4.1    Company Overview             15.2.4.2    Product Portfolio             15.2.4.3    Demographic Reach and Achievements             15.2.4.4    Certifications         15.2.5    Northrop & Johnson Inc.             15.2.5.1    Company Overview             15.2.5.2    Product Portfolio             15.2.5.3    Demographic Reach and Achievements             15.2.5.4    Certifications         15.2.6    Others 16    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Yacht Charter Market: Key Industry Highlights, 2018 and 2032 2.    Global Yacht Charter Historical Market: Breakup by Size (USD Billion), 2018-2023 3.    Global Yacht Charter Market Forecast: Breakup by Size (USD Billion), 2024-2032 4.    Global Yacht Charter Historical Market: Breakup by Type (USD Billion), 2018-2023 5.    Global Yacht Charter Market Forecast: Breakup by Type (USD Billion), 2024-2032 6.    Global Yacht Charter Historical Market: Breakup by Application (USD Billion), 2018-2023 7.    Global Yacht Charter Market Forecast: Breakup by Application (USD Billion), 2024-2032 8.    Global Yacht Charter Historical Market: Breakup by Region (USD Billion), 2018-2023 9.    Global Yacht Charter Market Forecast: Breakup by Region (USD Billion), 2024-2032 10.    North America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 11.    North America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 12.    Europe Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 13.    Europe Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 14.    Asia Pacific Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 15.    Asia Pacific Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 16.    Latin America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 17.    Latin America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 18.    Middle East and Africa Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023 19.    Middle East and Africa Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032 20.    Global Yacht Charter Market Structure

What was the global yacht charter market size in 2023?

In 2023, the global yacht charter market attained a value of nearly USD 19.78 billion.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 12.20% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 55.69 billion by 2032.

What are the major industry drivers?

The major drivers of the market include the increasing popularity of marine tourism and sea exploration activities, growing efforts by the major yacht charter firms to enhance the experience of clients, rising disposable incomes, and increasing awareness about luxury yacht charter destinations.

What are the key industry trends of the global yacht charter market?

The changing preference of clients towards online booking, which brings convenience and reduces the complexity of documentation, is expected to be a key trend guiding the growth of the industry.

What are the major regional markets of yacht charter, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major sizes based on which the market has been segmented?

Small (up to 30m), medium (30m-50m), and large (over 50m) are the major sizes based on which the market has been segmented.

What are the different yacht types considered in the market report?

Motor yacht, sailing yacht, and others are the different types considered in the market report.

What are the different applications considered in the market report?

Vacation/ leisure, and sailing, among others are the different applications of yacht charter.

Who are the key industry players, according to the report?

The major players in the industry are Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

The global yacht charter market attained a value of USD 19.78 billion in 2023, driven by the increasing demand for travel and leisure among the working-class population, rising standards of living, and emergence of online booking system. Aided by the favourable government policies aimed at bolstering the marine tourism sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.20%. The market is projected to reach USD 55.69 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on size, the market is divided into small (up to 30m), medium (30m-50m), and large (over 50m). On the basis of type, the market is divided into motor yacht, sailing yacht, and other yacht. The significant applications included in the market report are vacation/ leisure, and sailing, among others. The major regional markets for yacht charter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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Yacht Charter Market Size, Share, Competitive Landscape and Trend Analysis Report, by SIZE, by TYPE, by APPLICATION : Global Opportunity Analysis and Industry Forecast, 2024-2032

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The global yacht charter market size was valued at $11.4 billion in 2022, and is projected to reach $20.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032.

Report Key Highlights:

• The report covers a detailed analysis on truck yacht charter market.
• The yacht charter market share has been analyzed from the year 2022 till the year 2032.
• Latest developments have been mentioned in the research study.
• Top companies operating in the industry has been profiled in the research study.
• The research study includes different segments & regions across which the market has been analyzed.

Yacht chartering involves the rental or charter of a sailboat or motor yacht for the purpose of traveling to different coastal or island destinations, whether for business or leisure. There are primarily two types of yacht charters: bareboat and skippered. In bareboat charters, clients take on the role of the boat's skipper and handle it themselves, whereas skippered charters come with both the boat and a crew. Many bareboat charter companies offer fundamental seamanship courses to prepare clients for operating a boat. Some of these companies may also provide skippered charters, which come with a skipper but do not include additional crew members. The yacht charter market is expected to experience substantial growth, driven by an increasing number of yacht productions and ongoing construction projects. Yachts, often equipped with luxurious amenities such as helipads, swimming pools, saunas, hot tubs, and more, symbolize the pinnacle of opulence.

The market is segmented into type, size, application, and region. On the basis of type, it is categorized into sailing yacht, motor yacht and others. On the basis of size, it is classified small (Up to 30m), medium (30m-50m), large (Over 50m). The application segment is divided into vacation/ leisure, sailing, and others. On the basis of region, the market is analysed across North America, Europe, Asia-Pacific and LAMEA.

The growth of water sports and recreation activities and increase in number of private islands on cruise itineraries drive market growth. However, the high cost associated with yacht charter and the weather and safety concerns hamper the growth of the market. Moreover, increased involvement of intermediaries & hybrid business models, and change in yacht infrastructure are expected to propel market growth in the forecast period.

Key players operating in the global yacht charter 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 Developments

The leading companies are adopting strategies such as acquisition, agreement, expansion, partnership, contracts, and product launches to strengthen their market position.

• In October 2023 , IYC, the yacht brokerage firm, is embarking on a new venture into the Middle East by inaugurating its inaugural branch in Dubai. This fresh addition has been established through a collaboration with Vision Investments Limited, a subsidiary of Al Ameeri Group Holding, and signifies IYC's fifteenth global location.
• In September 2022 The watercraft rental platform Boatsetter raised a funding of $70 million and aims to transform into the "Airbnb of boats" boasting to 50,000 listings in 700 global locations.

Growth of water sports and recreation activities:

The surge in interest and engagement in water sports has led to the introduction of various innovative and exciting water sporting categories in recent years. Notably, jet-powered hoverboards, flyboarding, and inflatable catapults have captured the imagination of enthusiasts. In addition, activities like aquatic hoverboards and water jetpacks have emerged as thrilling options for those seeking aquatic adventures. Setting out on a luxury yacht charter presents an unmatched chance to revel in the finest water sports and yacht toys. The majority of yachts are equipped with inflatable slides, trampolines, stand-up paddleboarding (SUPs), and kayaks.

Increasing number of private islands on cruise itineraries:

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.

High cost associated with yacht charter:

Yacht charters are priced based on their base rate, which represents the weekly rental cost of the boat. The total cost of a yacht charter varies due to several factors, including the type of yacht, the charter destination, local taxes, and the base rate itself. As a result, yacht charters have a wide price range. Smaller sailing yachts and catamarans may start at around $10,000 per week, while the most luxurious motor superyachts can exceed $150,000 per week.

In addition, there are hidden costs associated with yacht charters, including taxes, Value Added Tax (VAT), insurance, crew gratuity, advanced provisioning allowance, and other expenses, which typically amount to approximately 15-30% of the base price. These charges are collected prior to the charter, serving as an initial financial commitment. These additional costs can pose a barrier to potential customers in developing countries, thus hindering the growth of the yacht charter market.

Increased involvement of intermediaries & hybrid business models

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 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.

  Yacht Charter Market Report Highlights

Analyst Review

In accordance with several interviews conducted, the CXOs of the leading companies stated that the yacht charter market is expected to witness significant growth in the future. In addition, the global yacht charter market is anticipated to be influenced by the eternal need for luxury and changing lifestyles. Furthermore, the introduction of innovative materials, such as structural glass, has elevated the sophistication of yacht design. Yacht production and under-construction projects are on the rise, which is anticipated to drive substantial growth in the yacht charter market. Yachts, equipped with luxurious amenities such as helipads, swimming pools, saunas, and hot tubs represent the pinnacle of opulence. In addition, key players in this industry have expanded their global presence through acquisitions and expansion strategies.

Despite the challenges faced by the global economy, the yacht charter market has gained popularity, which is attributed to strong underlying factors such as the increasing wealth of ultra-high-net-worth individuals, a growing interest in recreational & expeditionary activities, and the rising trend of yacht tourism. The market is expected to experience significant growth during the forecast period. However, the sector is not without its challenges, including high costs and the impact of natural disasters.

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Growing recreational activities upcoming trends of Yacht Charter Market in the world

vacation/leisure is the leading application of Yacht Charter Market.

Europe is the largest regional market for Yacht Charter.

Ionian Catamaras is the top companies to hold the market share in Yacht Charter.

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Yacht Charter Market

Global Opportunity Analysis and Industry Forecast, 2024-2032

Yacht Charter Market

An Analysis of the Yacht Charter Market by Sloop, Schooner, Catamaran and Ketch

Sailing into Uncharted Waters- Exploring the Lucrative Horizons of the Yacht Charter Market

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Yacht Charter Market Outlook (2023 to 2033)

The yacht charter market is estimated to be valued at US$ 19 billion in 2023 and is expected to reach a valuation of US$ 31 billion by 2033. The adoption of yacht charter likely to advance at a CAGR of 5% during the forecast period. Yacht charters accounted for 30-35% share of the global boat market in 2020. Increased interest and spending on recreational activities such as sailing and growing marine tourism is driving yacht charter demand.

Future Market Insights predict a comparison and review analysis of the dynamics of the yacht charter market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints that support industry innovation. Some new advances that have taken place in the market include companies that furnish yachts and give the best itinerary based on clients' needs, complete with crew and captain, as well as online or on-call support for the duration of the charter.

Key reasons for this change in growth rate are attributed to the steady uptake of the market during the first half of the forecast period, owed to the rising customer income and increased interest in maritime tourism, rising disposable income, and quickly evolving preferences for recreational and leisure activities.

In 2022 Northrop & Johnson and NetJets, a private aviation company announced cooperation in February 2022. By offering elevated travel experiences in the sky, on the sea, and everywhere in between, their alliance will give clients a luxurious, pleasant, and memorable travel experience.

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2018 to 2022 Global Yacht Charter Market Outlook Compared To 2023 to 2033 Forecast

The yacht charter market expanded at a CAGR of 4.5% from 2018 to 2022 and amassed revenue worth US$ 17.57 billion in 2022. The yacht charter sector is expanding rapidly. The process of renting or sailboat charter, motorboat charter, boat charter, or ship charter and traveling to various coastal or island areas is known as yacht chartering.

Yacht charters are commonly utilized for recreational, commercial, and holiday purposes. Without owning a yacht, a yacht charter is a handy and easy way to spend a long yacht vacation with friends and family. Yacht charter companies furnish yachts and give the best itinerary based on clients' needs, complete with crew and captain, as well as online or on-call support for the duration of the charter.

Growing popularity of luxury marine tourism and personalized services among passengers is positively impacting the expansion of the yacht charter market. Furthermore, growing tourism industry, rising disposable income, and quickly evolving preferences for recreational and leisure activities will all contribute to the expansion of the yacht charter market over the coming years. Yacht charter demand is expected to increase at a healthy CAGR of 5% from 2023 to 2033. This projected growth rate in yacht charter demand is estimated to net a market valuation of US$ 31 billion by 2033.

Setting Sail to Profit: Yacht Charter Revenue Surges as Maritime Tourism Captures the Imagination of Adventure-Seeking Customers

Rising customer income and increased interest in maritime tourism are likely to fuel the yacht charter business. Recreational boating has become increasingly popular in recent years, opening the path for the growth of yacht charter enterprises.

The marine recreation and entertainment business makes a lot of money from water sports. Sailing, windsurfing, boating, water scooter rides, parasailing, and jet skiing are just a few of the sports accessible along coasts, and they are becoming increasingly popular. The bulk of seaside tourist resorts and hotels now offer such services.

A growing number of holidaymakers are looking for fun activities with their families and friends. As a result, the yacht charter sector is likely to benefit from corporate programs, government programs, and initiatives aimed at promoting maritime tourism.

Sailing into Success: How Boat Shows Transform into Dynamic Hubs for Securing Unforgettable Yacht Bookings

Dealers and businesses have a one-of-a-kind opportunity to gain substantial sales and enhance their brand's market reach during boat shows. As a result, yacht manufacturers are investing a lot of work into showcasing their new yachts at major boat events around the world to boost their visibility among potential buyers and in the industry.

As a result, the yachting industry is growing. There are several advantages to yacht charter bookings at a boat show rather than online. At events, special bargains are frequently available that are not available at other times. To complete a sale, companies are now more inclined to haggle over costs or give reductions. As a result, these factors contribute to the expansion of the yachting industry.

Sailing in Rough Waters: The Impact of High Yacht Charter Costs on the Growth of the Market

The cost of chartering a yacht is determined by several factors, including the charter destination, yacht type, local and cross-border taxes, and basic fees. As a result, rental rates for these charters vary greatly. Aside from that, private yacht rental can cost anywhere from US$ 10,000 per week and sailing yacht cruises to over US$ 200,000 per week for the most luxury charter.

There are also some hidden charges and non-mandatory expenses, such as tax and other charges, allowances, insurance, and crew gratuity, which can range from 15% to 30% of the base price. These expenses represent an impediment for many clients in developing economies, limiting market expansion even further.

Country-wise Insights

Setting sail to success: unraveling the market growth and potential of yacht charters in the united states.

In terms of yacht charters, the United States is the most dominant nation in North America. Customers in the United States prefer to travel in large groups to charter destinations. This is to take advantage of group discounts provided by various yacht charter firms, as well as to cut individual expenditure by pooling expenses.

Consumers in the United States are more interested in yachts that provide comfort rather than performance. Furthermore, because majority of consumers in the country are tech-savvy, yacht charter firms place a premium on supplying clients with yachts that are outfitted with the latest technology, which draws additional customers.

Sailing into Paradise: Thailand's Captivating Beach Destinations Fueling Private Yacht Charter Bookings

In recent years, Thailand has become one of the world's most popular destinations for a yacht charter vacation, and with good reason as visitors from all over the world are eager to see the country's gorgeous vistas. This directly increases private yacht booking services.

Thailand has constantly seen significant demand for leisure activities among visitors, from the magnificent limestone rock formations of Phang Nga Bay and Krabi to the lovely white sand beaches and crystal clear seas of the Phi-Phi Islands for some breathtaking scuba diving.

Tourists from all over the world are drawn to such wonderful destinations, which encourage them to spend their vacations with their families and friends. This is likely to increase demand for yacht charters in Thailand.

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Category-wise Insights

Sailing towards success: unveiling the transformative role of the retail segment in fueling yacht charter demand.

Due to growing tourism, the retail segment is projected to hold a significant proportion of the global market in terms of volume and value. Growing popularity of luxury cruising, particularly among high-net-worth people and ultra-high net worth individuals around the world, is driving the yacht charter sector.

New tourist locations that provide luxury cruises and breathtaking landscapes have enticed wealthy and ultra-wealthy people from all over the world to visit them. Furthermore, by expanding premium amenities such as infrastructure, Internet facilities, and bars and restaurants, companies are focusing more on delivering enhanced and expanded luxury cruises for their customers, which is predicted to grow the yacht charter industry in the retail segment.

Setting Sail with Excellence: Navigating the Dynamic Waters of the Yacht Charter Market's Competitive Landscape

The competitive landscape of the yacht charter market is characterized by a dynamic and diverse environment. Key players in the industry strive to differentiate themselves through superior service, an extensive fleet of well-maintained yachts, global presence, and personalized experiences. Innovation plays a crucial role as companies invest in state-of-the-art technology, eco-friendly practices, and unique onboard amenities to attract discerning clients.

Partnerships with luxury brands, travel agencies, and concierge services further enhance the competitive edge. A strong online presence, effective marketing strategies, and a focus on customer satisfaction are essential for success in this highly competitive market. With continuous advancements and evolving consumer preferences, the competitive landscape of the yacht charter market remains vibrant, driving innovation and raising the standards for unparalleled luxury experiences.

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Key Players in the Market

• Northrop & Johnson
• Yachtico Inc.
• Sailogy S.A.
• Ionian Catamarans
• Royal Yacht International
• Princess Yacht Charter
• Barrington Hall Yacht Charters
• Zizooboats GmbH

How can Yacht Charter Service Providers expand in the Market?

Strategies for Yacht Charter Manufacturers to Expand in the Market

• Offer a wide range of yacht options, including different sizes, styles, and amenities, to cater to various client preferences.
• Incorporate environmentally friendly technologies and practices in yacht manufacturing to attract eco-conscious clients and align with industry trends.
• Collaborate with luxury brands, travel agencies, and charter brokers to expand reach and gain access to new customer segments.
• Focus on personalized services, onboard amenities, and exceptional hospitality to provide memorable experiences that encourage repeat business and positive word-of-mouth.
• Invest in a robust online presence, utilize social media platforms, and partner with reputable online booking platforms to reach a wider audience and simplify the booking process for potential clients.

Product Portfolio

• Barrington Hall Yacht Charters offers a comprehensive product portfolio in the yacht charter market. Their offerings include a diverse range of luxury yachts for charter, tailored itineraries, personalized concierge services, and professional crew to ensure an exceptional and memorable yacht charter experience.
• Zizooboats GmbH provides a versatile product portfolio in the boating industry. Their offerings include a wide selection of boats for sale and charter, ranging from motorboats to sailing yachts. With a focus on quality, innovation, and customer satisfaction, Zizooboats GmbH caters to diverse boating enthusiasts, providing them with unparalleled experiences on the water.

Report Scope

Market Segmentation

By sailing yachts:, by motor yachts:.

• Displacement Type
• Semi-displacement
• Small (up to 30m) Yachts
• Medium (30m-50m) Yachts
• Large (over 50m) Yachts

By Consumer:

• Corporate Yacht Charters
• Family/Group
• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• Middle East & Africa

Frequently Asked Questions

How big is the yacht charter market.

The net worth of the market is expected to be US$ 19 billion by 2023.

Is the Yacht Charter Market Growing?

The yacht charter market is expanding at a CAGR of 5% through 2033.

Which Trend is Emerging in the Yacht Charter Industry?

The surfacing trend of “workation” charters in the yacht charter industry unites luxury travel with remote work.

Which Opportunities are Emerging in the Yacht Charter Industry?

The emergence of themed charters like wellness retreats and culinary experiences are cropping up new opportunities in the market.

Which is the Top Consumer of Yacht Charter?

The retail segment is the top consumer of yacht charters.

Table of Content

Recommendations.

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November 2022

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Services and Utilities

Global Yacht Charter Market – Industry Trends and Forecast to 2028

• Upcoming Report
• No of Tables: 220
• No of Figures: 60

Global Yacht Charter Market, By Type (Sailing Yacht, Motor Yacht), Length (Up To 20 Ft., 20 To 50 Ft., Above 50 Ft.), Contract Type (Bareboat Charter, Crewed Charter), Customer Type (Corporate, Retail, Others), Application (Vacation/Leisure, Sailing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.

Market Analysis and Insights : Global Yacht Charter Market

Yacht charter market size is valued at USD 9,859.48 million by 2028 expected to grow at a compound annual growth rate of 5.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on yacht charter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Yacht charting chiefly represents the practice of taking a yacht on rent for the traveling purpose to any island destinations as it present all the fulsome comforts anyone would desire for. They are usually hired for holidays and corporate functions. Crewed and bareboat are the two important types of charters and are also used for sailing reasons.

The yacht charter market has a huge potential to grow over the forecast period of 2021 to 2028, due to the increasing participation of people in competitive and recreational boating activities across the globe. In addition, rising preference among travelers for luxury marine tourism and personalized services is also largely influencing the growth of the yacht charter market. Also the increasing corporate tourism activity is another driver flourishing the demand of yacht charter market, which in turn is raising the growth of the target market. Additionally, the flourishing tourism sector, rising disposable income and rapidly shifting inclination of people towards recreational and leisure activities will also boost the growth of the yacht charter market in the above mentioned forecast period. Likewise, the high adoption of sailing vacations by wealthy consumers will also forward the product demand.

However, the high cost associated with yacht charter as well as flag state rules and regulatory uncertainties will act as market restraints for yacht charter in the forecasted period of 2021 to 2028, whereas the cross-border operations have the potential to challenge the growth of the market.

In addition, the rising trend of luxury travel along with increasing popularity of yacht charters for corporate events and business affairs will further offer various growth opportunities for the yacht charter market in the above mentioned forecast period.

This yacht charter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on yacht charter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Yacht Charter Market Scope and Market Size

Yacht charter market is segmented on the basis of type, length, contract type, customer type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, the yacht charter market is segmented into sailing yacht and motor yacht. Sailing yacht has further been segmented into sloop, schooner, catamaran and ketch. Motor yacht has further been segmented into displacement type, semi-displacement, planning, catamaran and trimaran.
• On the basis of length, the yacht charter market is segmented into up to 20 ft., 20 to 50 ft., and above 50 ft.
• Based on contract type, the yacht charter market is segmented into bareboat charter and crewed charter.
• On the basis of customer type, the yacht charter market is segmented into corporate , retail and others. Retail has further been segmented into individual, family/group and couple.
• The application of the yacht charter market is segmented into vacation/leisure, sailing and others

Yacht Charter Market Country Level Analysis

Yacht charter market is analyzed and market size, volume information is provided by country, type, length, contract type, customer type and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

Europe leads the yacht charter market owing to increasing popularity of water adventures and fishing activities and the rising number of high-net-worth individuals in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the enhanced standard of living owing to a increase in disposable income as well as the rising government initiatives for the growth of tourism activities in countries such as India and China within this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Yacht Charter Market Share Analysis

Yacht charter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to yacht charter market.

The major players covered in the yacht charter report are Zizooboats GmbH, Yachtico, Inc., BURGESS, Boatsetter, Nautal, NORTHROP & JOHNSON, Martello Yachting & Company, Super Yacht Logistics, Yacht Charter Fleet, Sunseeker Charters., West Coast Marine Yacht Services Pvt. Ltd., THE MOORINGS, Sunsail Limited, Kiriacoulis Group of Companies, Boat International Media Ltd., EDMISTON, BENETEAU, CharterWorld LLP, Yachtcharter – Connection, and Fraser, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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Yacht Charter Market

Yacht charter market report by type (motor yacht, sailing yacht), length (up to 20 ft, 20 to 50 ft, above 50 ft), contract type (bareboat charter, crewed charter), and region 2024-2032.

• Report Description
• Table of Contents
• Methodology
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Market Overview:

The global yacht charter market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.

Yacht charter refers to the process of renting a motor- or sail-driven marine vessel for recreational or commercial purposes. These services are typically used for traveling to various coastal areas without owning a yacht. These privately or company-owned yachts that are offered on a rental basis consist of luxury facilities within the vessel, such as professional crews, captains, and online or on-call support. Several charter companies also furnish yachts and provide a detailed itinerary based on the requirements of their clients. As a result, they find immense applications in luxury marine tourism and recreational boating.

Yacht Charter Market Trends:

The market is primarily driven by significant growth in the marine tourism sector. Along with this, the rising preference for personalized services in tourism activities is providing an impetus to the market. In line with this, the increasing participation of the masses in recreational and competitive boating activities across the globe is providing a thrust to the demand for yacht charters. Moreover, the inflating per capita income levels and the growing inclination toward luxury trips across exotic locations are favorably impacting the market. Besides this, numerous key players are offering online services for yacht chartering to their customers, which are gaining widespread prominence among individuals. Besides this, continual improvements in yacht infrastructure, including the adoption of hybrid business models, are further creating a positive outlook for the market on the global level. Some of the other factors that are contributing to the market include the escalating popularity of fishing and water sports and the increasing usage of renewable energy as the primary fuel in various marine vehicles, including yachts, due to an enhanced focus on sustainable development among the masses.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global yacht charter market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, length and contract type.

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  

Breakup by Region:

United States

• South Korea

United Kingdom

• Middle East and Africa  

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Key Questions Answered in This Report

The global yacht charter market was valued at US$ 8.5 Billion in 2023.

We expect the global yacht charter market to exhibit a CAGR of 7% during 2024-2032.

The rising consumer inclination towards personalized services in tourism activities and luxury trips across exotic locations is primarily driving the global yacht charter market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various recreational activities, thereby negatively impacting the global market for yacht charters.

Based on the type, the global yacht charter market can be categorized into motor yacht and sailing yacht. Currently, motor yacht accounts for the majority of the global market share.

Based on the length, the global yacht charter market has been segregated into up to 20 ft, 20 to 50 ft, and above 50 ft. Among these, 20 to 50 ft currently holds the largest market share.

Based on the contract type, the global yacht charter market can be bifurcated into bareboat charter and crewed charter. Currently, crewed charter exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global yacht charter market include 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.

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Yacht Charter Market By Segments, By Region and Companies - Market Analysis, Trends, Revenue Opportunity, Competitive Analysis, and Forecast 2023-2032

Description

• Table of Contents

Yacht Charter Market Overview:

The Yacht Charter Market overview provides a comprehensive understanding of the analyzed market. It includes an introduction to the market, its size, growth rate, and key trends. This aims to give clients a broad understanding of the market landscape. The market analysis of the Yacht Charter Market delves deeper into the market dynamics, focusing on factors such as market drivers, challenges, and opportunities. It explores the macroeconomic and microeconomic factors affecting the market, industry regulations, and emerging market trends. The analysis provides valuable insights into the current and future market conditions.

The assessment of the Yacht Charter Market is performed by taking various factors into consideration, like, for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, and the revenue, financial, and opportunity analysis of market players. The also analyzed based on regional segmentation, type or technique, end-user spectrum, etc. This research implements the latest methodologies to help clients understand the overall market scenario and strategize accordingly. The Yacht Charter Market report provides an overview of the different types of analysis conducted during the market research process, including but not limited to SWOT analysis, Porter's Five Forces analysis, PESTLE analysis, and market forecasting. These analyses provide a deeper understanding of the market dynamics and assist in making informed business decisions.

Major players included in the Yacht Charter Market:

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

Yacht Charter Market Segmentation:

• Small (Up to 30m)
• Medium (30m-50m)
• Large (Over 50m)
• Motor Yacht
• Sailing yacht
• Other yacht

By Application

• Vacation/ Leisure

Future Market Analytics Focus Points:

• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix

Yacht Charter Market Competitive Analysis:

The competitive analysis of the Yacht Charter Market assesses the competitive landscape of the market. It includes evaluating key players in the industry, their market share, business strategies, and competitive advantages. The competitive analysis also highlights the strengths and weaknesses of major competitors, allowing clients to understand the competitive positioning of companies operating in the market.

Objectives of the Study:

• To provide a comprehensive analysis on the Yacht Charter Market by segmentation and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players

How our market research reports help clients:

Our market research reports provide valuable insights to clients in their decision-making process and support their growth and market capture efforts. They offer:

• Comprehensive understanding of market trends, dynamics, and growth potential.
• Identification of niche markets and emerging opportunities.
• Assessment of competitive landscape and strategic benchmarking.
• Insights into consumer preferences, buying behavior, and market demand.
• Risk assessment and mitigation strategies.
• Market forecasting and trend analysis for informed business planning.
• Understanding product development, pricing, and other strategies.

In case of any specific requirements or changes to the current table of content based on your scope, please contact us at: [email protected]

Yacht Charter Market Introduction

• Objectives of the Study
• Market Definition
• Years Considered for the Study
• Market Covered
• Limitations
• Stakeholders

Research Methodology

• Key Data from Secondary Sources
• Key Data from Primary Sources
• Market Size Estimation
• Market Breakdown and Data Triangulation
• Assumptions for the Study

Executive Summary

• Market Outlook
• Segment Outlook
• Competitive Insights

Yacht Charter Market Variables, Trends & Scope

• Market Lineage Outlook
• Penetration and Growth Prospect Mapping
• Industry Value Chain Analysis
• Cost Analysis Breakdown
• Technology Overview
• Reimbursement Framework
• Standards and Compliances

Yacht Charter Market Overview

• Market Driver Analysis
• Market Restraint Analysis
• Industry Challenges

Yacht Charter Market Analysis Tools

• Supplier Power
• Buyer Power
• Substitution Threat
• Threat from New Entrants
• Competitive Rivalry
• Political Landscape
• Environmental Landscape
• Social Landscape
• Technology Landscape
• Legal Landscape

Yacht Charter Market, By Segmentation Historical Analysis 2017-2022 and Forecast 2023-2032 (USD million)

North america market analysis 2017-2022 and forecast 2023-2032 (usd million).

• Introduction
• Rest of North America
• Market Size (USD Mn) Forecast for North America 2023-2032

Latin America Market Analysis 2017-2022 and Forecast 2023-2032 (USD Million)

• Regional Market Trends
• Rest of Latin America
• Market Size (USD Mn) Forecast for Latin America 2023-2032

Europe Market Analysis 2017-2022 and Forecast 2023-2032 (USD Million)

• Switzerland
• Rest of Europe
• Market Size (USD Mn) Forecast for Europe 2023-2032

Asia Pacific Market Analysis 2017-2022 and Forecast 2023-2032 (USD Million)

• Australia and New Zealand
• Rest of Asia Pacific
• Market Size (USD Mn) Forecast for Asia Pacific 2023-2032

Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2032 (USD Million)

• South Africa
• Saudi Arabia
• Rest of MEA
• Market Size (USD Mn) Forecast for MEA 2023-2032

Yacht Charter Market Company Profiles:

We will provide a Company Overview (HQ, Business Segments, Employee Strength), Technology Portfolio, Competition Dashboard, Competitors Deep Dive, SWOT Analysis, Financial Overview/Layouts, and Strategic Overview of the above company profiles.

(Note: The list of the major players will be updated with the latest market scenario and trends)

Impact of COVID-19

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• The financial disruption of the sector
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Yacht Charter Market Research Report Information By Size (Small, Medium and Large), By Type (Motor Yacht, Sailing Yacht and Other Yacht), By Application (Vacation/ Leisure, Sailing and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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Yacht Charter Market Overview

Yacht Charter Market Size was valued at USD 11.6 Billion in 2022. The Yacht Charter market industry is projected to grow from USD 12.43 Billion in 2023 to USD 21.68 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Surging demand for experience-based charters are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Yacht Charter Market Trends

Surging demand for experience-based charters is driving the market growth.

The increasing popularity of luxury yacht charters is a pivotal driver for the yacht charter market. High-net-worth individuals and celebrities are increasingly drawn to the allure of exclusive and opulent seafaring experiences. This trend reflects a growing demand for personalized, high-end vacations, where clients can enjoy privacy, luxury amenities, and tailor-made itineraries. The appeal of exploring picturesque destinations while ensconced in lavish surroundings contributes significantly to the market's expansion. As discerning clientele seek unique and indulgent travel experiences, the yacht charter industry responds by providing unparalleled levels of service, further fueling the market's growth and solidifying its status as a preferred choice for those seeking the epitome of luxury at sea.

The heightened emphasis on personalization is a driving force behind the growth of the yacht charter market. Clients increasingly seek bespoke and tailored experiences, prompting charter companies to offer customizable itineraries, amenities, and services. The ability to design unique journeys that align with individual preferences attracts a diverse range of clientele, from adventure enthusiasts to those seeking relaxation and cultural exploration. This shift towards personalized charters aligns with evolving consumer expectations for more meaningful and distinctive travel experiences. The yacht charter industry's commitment to meeting these demands enhances customer satisfaction, fosters loyalty, and contributes significantly to the market's expansion as it caters to the varied tastes and desires of a discerning global clientele.

The surging demand for experience-based charters is a driving factor propelling the yacht charter market forward. Modern travelers seek more than just a luxurious vessel; they crave unique and immersive experiences during their maritime journeys. Charter companies are responding by curating offerings that go beyond traditional amenities, incorporating adventure sports, cultural excursions, and eco-friendly activities. This trend caters to a growing segment of individuals valuing authentic, memorable experiences at sea. The focus on delivering rich, thematic charters not only attracts new clientele but also fosters repeat business, solidifying the industry's position in the evolving travel landscape. As experience-based charters become increasingly sought after, they play a pivotal role in steering the yacht charter market toward sustained growth and innovation.

For instance, Imperial Yacht declared in February 2022 that, in partnership with Amels and Damen Yachting, the delivery of Project AMELS 242-07 is set for this upcoming summer. Thus, driving the Yacht Charter market revenue.

Yacht Charter Market Segment Insights

Yacht charter size insights.

The Yacht Charter Market segmentation, based on size includes Small, Medium and Large. The Small segment dominated the market, accounting for 35% of market revenue (4.35 Billion). Small-size yachts have claimed the largest market share in the yacht charter industry due to their versatility and accessibility. These vessels appeal to a broader clientele, including those seeking intimate, private getaways or cost-effective options for smaller groups. The lower operational costs and ease of navigation make small-size yachts more appealing for various demographics, contributing to their dominance in the market. Additionally, they provide access to unique, secluded destinations that larger vessels may find challenging to reach, enhancing their popularity and market share.

Large-size yachts are experiencing the highest Compound Annual Growth Rate (CAGR) in the yacht charter market due to increasing demand from ultra-high-net-worth individuals. These clients are drawn to the unparalleled luxury, extravagant amenities, and expansive spaces offered by large yachts. The growing trend of hosting events, corporate gatherings, and celebrations on board further propels the demand for these vessels. As the desire for exclusive and extravagant experiences rises, the large-size yacht segment is witnessing significant growth, reflecting a preference for opulence and prestige in the evolving yacht charter market.

Figure 1: Yacht Charter Market, by Size, 2023 & 2032 (USD Billion)

Yacht Charter Type Insights

The Yacht Charter Market segmentation, based on type, includes Motor Yacht, Sailing yacht and other yacht. The Motor Yacht category generated the most income (30%). Motor yachts have claimed the largest market share in the yacht charter industry due to their speed, comfort, and versatility. These yachts provide a luxurious and efficient mode of transportation, appealing to a wide range of charter clients. The convenience of faster travel, coupled with spacious interiors and amenities, attracts both leisure and business-oriented customers. The popularity of motor yachts is further bolstered by their ability to explore multiple destinations in a shorter time frame, making them a preferred choice in the dynamic yacht charter market.

Sailing yachts are experiencing the highest Compound Annual Growth Rate (CAGR) in the yacht charter market due to the rising demand for eco-friendly and authentic sailing experiences. Discerning clientele increasingly values the serene and sustainable nature of sailing, aligning with a growing global trend toward environmentally conscious travel. Sailing yachts offer a unique, leisurely pace, providing travelers with a more intimate and immersive connection to the sea. This, coupled with the appeal of wind-powered navigation, positions sailing yachts as a rapidly growing segment, reflecting evolving preferences in the yacht charter market.

Yacht Charter Application Insights

The Yacht Charter Market segmentation, based on application, includes Vacation/ Leisure, Sailing and Others. The vacation and leisure application generated the most income (25%). The vacation and leisure application has secured the largest market share in the yacht charter industry due to the increasing preference for exclusive and personalized holiday experiences. High-net-worth individuals and luxury travelers seek opulent and memorable vacations, driving the demand for private yacht charters. The allure of exploring exotic destinations with customized itineraries, coupled with the luxurious amenities offered on charter yachts, positions vacation and leisure as the dominant application segment. This trend reflects a growing desire for bespoke and prestigious travel experiences in the yacht charter market.

The sailing application is experiencing the highest Compound Annual Growth Rate (CAGR) in the yacht charter market due to the increasing demand for sustainable and adventure-driven experiences. Discerning travelers are drawn to the eco-friendly and authentic nature of sailing, seeking a slower-paced, more immersive connection to the sea. The rise of experiential travel and a growing global focus on environmental responsibility contribute to the accelerated growth of sailing applications in yacht charters, reflecting evolving preferences and values in the market.

Yacht Charter Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Yacht Charter market area will dominate this market, North America has secured the largest market share in the yacht charter industry due to the region's high concentration of high-net-worth individuals, a robust luxury travel market, and an increasing demand for exclusive experiences. The well-established yachting infrastructure, diverse and scenic coastlines, and the popularity of destinations like the Caribbean contribute to North America's dominance. Additionally, the region's strong economy and a culture that values premium leisure experiences further support the growth of the yacht charter market in North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Yacht Charter market accounts for the second-largest market share due to the cultural attractions, and scenic coastlines make it a highly desirable destination for yacht charters. Europe has captured the second-largest market share in the yacht charter industry due to its extensive and diverse cruising grounds, including the Mediterranean and Northern European waters. The continent's rich maritime history, cultural attractions, and scenic coastlines make it a highly desirable destination for yacht charters. The well-established infrastructure, proximity to affluent markets, and the popularity of the Mediterranean as a luxury yachting hub contribute to Europe's significant presence in the yacht charter market, securing the second-largest market share. Further, the German Yacht Charter market held the largest market share, and the UK Yacht Charter market was the fastest growing market in the European region

The Asia-Pacific Yacht Charter Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increasing interest in luxury travel. The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the yacht charter market due to a surge in high-net-worth individuals, economic growth, and increasing interest in luxury travel. As the region becomes a hotspot for affluent tourists, there is a growing demand for exclusive maritime experiences. The diverse and picturesque cruising destinations, coupled with improving yachting infrastructure, contribute to the rapid expansion of the yacht charter market in the Asia Pacific region. Moreover, China’s Yacht Charter market held the largest market share, and the Indian Yacht Charter market was the fastest growing market in the Asia-Pacific region.

Yacht Charter Key Market Players & Competitive Insights

Leading players in the yacht charter market are focusing on enhancing customer experiences through innovative services, expanding their fleet of luxury yachts , and exploring new charter destinations. They are investing in technology for seamless booking processes and integrating sustainability practices to align with evolving consumer preferences. Collaborations with travel agencies and luxury concierge services are also common strategies. Overall, these industry leaders are striving to maintain a market development by offering high-quality, personalized yacht charter experiences to meet the discerning demands of their clientele.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Yacht Charter industry to benefit clients and increase the market sector. In recent years, the Yacht Charter industry has offered some of the most significant advantages to Medium. Major players in the Yacht Charter market, including The Moorings, Dream Yacht Charter, Yacht Charter Fleet, Fraser Yachts, Crewed Yacht Charters, Oceanco, Camper & Nicholsons International, Edmiston & Company, Burgess Yachts and Y.CO and others, are attempting to increase market demand by investing in research and development operations.

The Moorings is a renowned company in the yacht charter market, specializing in providing sailing vacations and yacht charters worldwide. Established in 1969, The Moorings offers a diverse fleet of sail and power yachts, catamarans, and monohulls. With a global presence, they operate in popular destinations such as the Caribbean, Mediterranean, Asia-Pacific, and more. The company is recognized for delivering high-quality, personalized sailing experiences, catering to both novice and experienced sailors. Their offerings include crewed and bareboat charters, sailing courses, and all-inclusive vacations. The Moorings is synonymous with luxury, reliability, and a commitment to providing memorable and bespoke maritime adventures for its clientele.

Yacht Charter Fleet is a prominent player in the yacht charter market, specializing in offering a comprehensive platform for luxury yacht charters worldwide. With a vast portfolio of yachts, including motor yachts, sailing yachts, and catamarans, Yacht Charter Fleet connects clients with an array of charter options in popular destinations. The platform provides detailed information on yacht specifications, crew profiles, and itineraries, facilitating informed choices. Established as a trusted resource in the industry, Yacht Charter Fleet caters to diverse client preferences, from leisure travelers to corporate events. The company's commitment to transparency, customer satisfaction, and a seamless booking process contributes to its strong position in the competitive yacht charter market.

Key Companies in the Yacht Charter market include

• The Moorings
• Dream Yacht Charter
• Yacht Charter Fleet
• Fraser Yachts
• Crewed Yacht Charters
• Camper & Nicholsons International
• Edmiston & Company
• Burgess Yachts

Yacht Charter Industry Developments

23-OCT-2023: The travel trends, consumer preferences, and state of the economy are just a few of the variables that impact the yacht charter industry, which is always changing. Through these exchanges, we have been able to obtain important information and new insights that will help us perform a comprehensive analysis of the yacht charter market for the summer of 2023. In 2023, the yacht industry saw price adjustments as a result of inflation, with an average 25–30% increase in boat purchase prices. A noteworthy majority of charterers—57% selected a private bareboat charter, indicating a preference for a more customized and self-governing sailing experience. However, 29% of charterers said they would rather have a private crewed charter, underscoring the allure of a hassle-free sailing holiday with knowledgeable crew members. Furthermore, we observe a growth in the cabin charter market, with 14% of travelers adopting a new style of vacation by selecting a cabin charter, which enables them to share the yacht with other travelers or small parties. In fact, a rise in cabin yacht charters from 9% in 2022 to 14% in 2023 suggests that the market is still expanding to accommodate new customers searching for a different kind of vacation and that travelers are turning more and more toward eco-friendly and sustainable travel options. Similar to 2022, catamaran charter is the most popular vessel type in 2023, accounting for 53% of the market share, followed by sailboat charter at 44%. Just 3% of the scheduled charters were motor yacht charters, making up a smaller percentage.

Yacht Charter Market Segmentation

Yacht charter size outlook, yacht charter type outlook.

• Motor Yacht
• Sailing yacht
• Other yacht

Yacht Charter Application Outlook

• Vacation/ Leisure

Yacht Charter Regional Outlook

• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Middle East
• Latin America

Frequently Asked Questions (FAQ) :

The Yacht Charter Market size was valued at USD 11.6 Billion in 2022.

The global market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are The Moorings, Dream Yacht Charter, Yacht Charter Fleet, Fraser Yachts, Crewed Yacht Charters, Oceanco, Camper & Nicholsons International, Edmiston & Company, Burgess Yachts and Y.CO Company.

The medium category dominated the market in 2022.

The sailing had the largest share in the global market.

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Yacht Charter Market

Global yacht charter industry analysis, size, share, growth, trends, regional outlook, and forecast 2021-2027 - (by yacht type coverage, yacht sub-type coverage, yacht size coverage, yacht usage coverage, by geography, leading companies).

Published Date: Jul 2021 | Format: | No. of Pages: 122

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• Description
• Table of Contents
• Segmentation & Scope

Yacht Charter Market Outlook

Growing Fondness for Sailing Vacations to Boost Global Yacht Charter Market Growth

The global yacht charter market is expected to rise due to an upswing in leisure activities, as tourism becomes the new form of consumerism. Appealing to such a wide range of people - young and old alike, rich and the ones of budgets, the yacht charter market is expected to witness an exponential rise. Inclusive of catering, detailed itinerary, and equipped with entertainment, chartering a yacht has become a new form of vacationing. As the market lures in varied age groups, the  global yacht charter market is pegged to rise at a CAGR of 22.85% over the forecast period of 2021 to 2027 .

The popularity of yacht charter hinges on the growing number of people opting for outdoor vacations that equal the experience of a five-star hotel. Chartering a yacht provides the ability to visit multiple locations in one trip, eliminating the inconveniences of road or air travel. It also has the added benefit of allowing guests to dine in the surroundings of a secluded bay or alcove, which is the unique selling point of this service that also bolsters the growth of yacht charter market.

Commodification of Luxury to Drive Global Yacht Charter Market Ahead

Growing aspirations to live it out with luxury have led to accelerated demand for yacht charters. This is also a result of with social media influences. The service providers in the global yacht charter market are increasingly investing in creating high-end experiences for events such as birthdays or weekend getaways. This has drawn several younger people to yachts charters, driving the yacht charter market with their want for celebrating or gaining experiences. Government initiatives to encourage tourism is also another factor that will stimulate the demand for yacht charters. For instance, the Indonesian Government refurbished its marine tourism policy by excluding the Clearance and Approval for Indonesian Territory (CAIT). This change is projected to increase yacht visits, which were at 6,000 yachts in 2019 alone, creating a profit of US$600 Mn.

The global yacht charter market is likely to be affected by the high cost associated with rentals. Additionally, the costs to maintain yachts are expected to act as a restraint as well, which percolates rentals charged. The mounting costs of service and maintenance of a yacht with expensive routine refitting’s and redesign, engine, and propulsion are often unavoidable and cost up to 10% of the yacht’s value each year.

Motor Yachts Will Lead Global Yacht Charter Market with Improved Functionality 

According to the type of yacht charter, the motor yacht is expected to lead the global yacht charter market during the forecast period because unlike a sailing yacht it powers through sea elements to cover larger distances in lesser time. Its shallow draft design permits the yacht to navigate through shallow and narrow passages. This allows it to explore most of the coastlines hence, which is boosting its demand amongst end users. Motor yachts have bigger deck space, giving users ample area to utilize time while travelling. Luxury motor yachts offer modern conveniences and better communication options that are also propelling the adoption of motor yachts over sailing yachts.

Supportive European Commission Policy Will Keep Europe in Leading Position in Global Yacht Charter Market

Europe dominated the global yacht charter market with a market share of nearly 48% in 2020 and shall continue to retain its position during the forecast period as this region is witnessing a growing number of tourists. Countries such as Italy, and Turkey are expected to drive Europe’s dominance. This region also has a dominance of key players along with flight booking services and online yacht charter collaborations. Increased number of licenses issued for watercraft due to the presence of a wealthy population will lead to the growth of yacht charter market in the region. For instance, in 2017, the European Commission report on nautical tourism stated that around 6 million boats exist in European waters, out of which 60,000 charter boats generate around € 6 billion each year. However, over the years Asia Pacific is likely to show a significant growth rate of nearly 24% due to the rising high net worth of individuals and increasing water activities, especially in Southeast Asian countries.

Key Players in Yacht Charter Market Embrace Change of Strategies to Stay Ahead

The global yacht market players are adopting numerous strategies for growth such as collaborations and partnerships, joint ventures, and mergers & acquisitions. For instance, in June 2018, the Sailogy S.A. purchased the German company Master Yachting and became the global leader worth 50 billion. Similarly, Princess Yachts in July 2018 announced the launch of 6 models. This launch was encouraged by a £100 million investment programme that began in 2015. Companies like Marine Max Group and Click&Boat have acquired other companies with an intent to square off competition and expand their business reach.

Some of the key players operating in the global yacht charter market are Fraser Yacht, Charter Yachts Australia, Boatbound Inc., CharterWorld LLP, Mertello Fairline Yacht, Thai Charters, Dream Yacht Charter, Incrediblue Ltd., Burgess, Boat International Media Ltd., Yachtico, Inc., Inter Yacht Charter, Nicholson Yachts, Simpson Marine, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Yachting Company, Super Yacht Logistics, LLC., Yacht Charter Fleet, West Coast Marine Yacht Service Pvt Ltd., and Zizooboats GmbH.

The Global Yacht Charter Market is Segmented as Below:

By Yacht Type Coverage

By Yacht Sub-Type Coverage

By Yacht Size Coverage

By Yacht Usage Coverage

By Geographical Coverage

• Rest of Europe
• Rest of Asia Pacific
• Rest of Latin America
• South Africa
• Rest of Middle East & Africa

Leading Companies

• Charter Yachts Australia
• CharterWorld LLP
• Dream Yachts Charter
• Fraser Yachts (Marine Max Group Subsidiary)
• Zizooboats GmbH
• Yachtico, Inc.
• Simpson Yachts Charter

Inside This Report You Will Find:

1. Executive Summary 2. Yacht Charter Market Outlook 3. Global Yacht Charter Market Outlook, 2017 - 2026 4. North America Yacht Charter Market Outlook, 2017 - 2026 5. Europe Yacht Charter Market Outlook, 2017 - 2026 6. Asia Pacific Yacht Charter Market Outlook, 2017 - 2026 7. Latin America Yacht Charter Market Outlook, 2017 - 2026 8. Middle East & Africa Yacht Charter Market Outlook, 2017 - 2026 9. Competitive Landscape 10. Appendix

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1. Executive Summary       1.1. Global Yacht Charter Market : Snapshot       1.2. Future Projections, 2018 - 2027, (US$ Mn)        1.3. Key Segment Analysis and Competitive Insights       1.4. Premium Insights

2. Yacht Charter Market Outlook       2.1. Market Definitions and Segmentation       2.2. Market Dynamics            2.2.1. Driver            2.2.2. Restraint            2.2.3. Industry Challenges & Opportunities       2.3. Market Forces Analysis             2.3.1. Value Chain Analysis            2.3.2. Porters Five Forces Analysis            2.3.3. SWOT Analysis        2.4. Impact Analysis            2.4.1. Pre and Post Covid-19 Analysis            2.4.2. Economic Indicators (GDP Per Capita, BREXIT Analysis, etc.)             2.4.3. Electrification             2.4.4. Parent Industry Trends

3. Global Yacht Charter Market Outlook, 2017 - 2026       3.1. Global Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2028, (US$ Mn)            3.1.1. Key Highlights                 3.1.1.1. Market Growth & Projections (Y-o-Y)                 3.1.1.2. Market Share Analysis, By Yacht Type, 2019 & 2027            3.1.2. Sailing            3.1.3. Motor            3.1.4. Catamaran            3.1.5. Market Attractiveness Analysis, By Yacht Type       3.2. Global Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2028,  (US$ Mn)            3.2.1. Key Highlights                 3.2.1.1. Market Growth & Projections (Y-o-Y)                 3.2.1.2. Market Share Analysis, By Yacht Sub - Type, 2019 & 2027            3.2.2. Classic            3.2.3. Open            3.2.4. Large            3.2.5. Market Attractiveness Analysis, By Yacht Sub - Type       3.3. Global Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2028,  (US$ Mn)            3.3.1. Key Highlights                 3.3.1.1. Market Growth & Projections (Y-o-Y)                 3.3.1.2. Market Share Analysis, By Yacht Size, 2019 & 2027            3.3.2. Small            3.3.3. Medium            3.3.4. Large            3.3.5. Market Attractiveness Analysis, By Yacht Size       3.4. Global Yacht Charter Market Value Forecast, By Usage, 2018 - 2028, (US$ Mn)            3.4.1. Key Highlights                 3.4.1.1. Market Growth & Projections (Y-o-Y)                 3.4.1.2. Market Share Analysis, By Usage, 2019 & 2027            3.4.2. Corporate            3.4.3. Retail            3.4.4. Others            3.4.5. Market Attractiveness Analysis, by Usage       3.5. Global Yacht Charter Market Outlook, by Region,  (US$ Mn), 2017 - 2026            3.5.1. Key Highlights                 3.5.1.1. Market Growth & Projections (Y-o-Y)                 3.5.1.2. Market Share Analysis, By Region, 2019 & 2027                 3.5.1.3. North America                 3.5.1.4. Europe                 3.5.1.5. Asia Pacific                 3.5.1.6. Latin America                 3.5.1.7. Middle East & Africa            3.5.2. Global Market Attractiveness Analysis, by Region

4. North America Yacht Charter Market Outlook, 2017 - 2026       4.1. North America Market Snapshot            4.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 4.1.1.1. Sailing                 4.1.1.2. Motor                 4.1.1.3. Catamaran            4.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 4.1.2.1. Classic                 4.1.2.2. Open                 4.1.2.3. Large            4.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 4.1.3.1. Corporate                 4.1.3.2. Retail                 4.1.3.3. Others            4.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 4.1.4.1. Small                 4.1.4.2. Medium                 4.1.4.3. Large       4.2. United States            4.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            4.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            4.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)            4.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       4.3. Canada            4.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            4.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            4.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             4.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

5. Europe Yacht Charter Market Outlook, 2017 - 2026       5.1. European Market Snapshot            5.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 5.1.1.1. Sailing                 5.1.1.2. Motor                 5.1.1.3. Catamaran            5.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 5.1.2.1. Classic                 5.1.2.2. Open                 5.1.2.3. Large            5.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 5.1.3.1. Corporate                 5.1.3.2. Retail                 5.1.3.3. Others            5.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 5.1.4.1. Small                 5.1.4.2. Medium                 5.1.4.3. Large       5.2. Croatia            5.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            5.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            5.2.3. Yacht Charter Market Value Forecast, By Usage, 2017 - 2026,  (US$ Mn)             5.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.3. France            5.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027,  (US$ Mn)            5.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             5.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027,  (US$ Mn)       5.4. United Kingdom            5.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027,  (US$ Mn)            5.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             5.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027,  (US$ Mn)       5.5. Greece            5.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)            5.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.6. Spain            5.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             5.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       5.7. Rest of Europe            5.7.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            5.7.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            5.7.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             5.7.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

6. Asia Pacific Yacht Charter Market Outlook, 2017 - 2026       6.1. Asia Pacific Market Snapshot            6.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 6.1.1.1. Sailing                 6.1.1.2. Motor                 6.1.1.3. Catamaran            6.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 6.1.2.1. Classic                 6.1.2.2. Open                 6.1.2.3. Large            6.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 6.1.3.1. Corporate                 6.1.3.2. Retail                 6.1.3.3. Others            6.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 6.1.4.1. Small                 6.1.4.2. Medium                 6.1.4.3. Large       6.2. China            6.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.3. India            6.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.4. Thailand            6.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.5. Malaysia            6.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.6. ANZ            6.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       6.7. Rest of Asia Pacific            6.7.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            6.7.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            6.7.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             6.7.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

7. Latin America Yacht Charter Market Outlook, 2017 - 2026       7.1. Latin America Market Snapshot            7.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 7.1.1.1. Sailing                 7.1.1.2. Motor                 7.1.1.3. Catamaran            7.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 7.1.2.1. Classic                 7.1.2.2. Open                 7.1.2.3. Large             7.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 7.1.3.1. Corporate                 7.1.3.2. Retail                 7.1.3.3. Others            7.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 7.1.4.1. Small                 7.1.4.2. Medium                 7.1.4.3. Large       7.2. Brazil            7.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.3. Mexico            7.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.4. Argentina            7.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       7.5. Rest of Latin America            7.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)            7.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)            7.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             7.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

8. Middle East & Africa Yacht Charter Market Outlook, 2017 - 2026       8.1. Middle East & Africa Market Snapshot            8.1.1. Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2027, (US$ Mn)                 8.1.1.1. Sailing                 8.1.1.2. Motor                 8.1.1.3. Catamaran            8.1.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2027, (US$ Mn)                 8.1.2.1. Classic                 8.1.2.2. Open                 8.1.2.3. Large            8.1.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)                 8.1.3.1. Corporate                 8.1.3.2. Retail                 8.1.3.3. Others            8.1.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)                 8.1.4.1. Small                 8.1.4.2. Medium                 8.1.4.3. Large       8.2. Qatar            8.2.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.2.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.2.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.2.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.3. UAE            8.3.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.3.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.3.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.3.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.4. Oman            8.4.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.4.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.4.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.4.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.5. South Africa            8.5.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.5.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.5.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027, (US$ Mn)             8.5.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)       8.6. Rest of Middle East & Africa            8.6.1. Yacht Charter Market Value Forecast, By Yacht Type, 2017 - 2026,  (US$ Mn)            8.6.2. Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2017 - 2026,  (US$ Mn)            8.6.3. Yacht Charter Market Value Forecast, By Usage, 2018 - 2027,  (US$ Mn)             8.6.4. Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2027, (US$ Mn)

9. Competitive Landscape       9.1. Company Market Share Analysis, 2019       9.2. Company Profiles             9.2.1. Boatsetter                 9.2.1.1. Company Overview                 9.2.1.2. Financial Performance                 9.2.1.3. Manufacturing Footprint                 9.2.1.4. Strategic Overview                 9.2.1.5. Key Developments (*Note: Above details would be available for below list of companies on the basis of availability)            9.2.2. Burgess            9.2.3. Charter Yachts Australia            9.2.4. CharterWorld LLP            9.2.5. Dream Yacht Charter            9.2.6. Fraser Yachts (Marine Max Group Subsidiary)            9.2.7. Nautal (Click&Boat Subsidiary)            9.2.8. Zizooboats GmbH            9.2.9. Yachtico, Inc.            9.2.10. Simpson Yacht Charter  (Any other leading players)

10. Appendix       10.1. Acronyms and Abbreviations       10.2. Research Scope & Assumptions       10.3. Research Methodology and Information Sources

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Yacht Charter Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Aug 2024

Report ID: ARC1912

Pages : 250

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The Yacht Charter Market Size accounted for USD 12.2 Billion in 2023 and is estimated to achieve a market size of USD 22.5 Billion by 2032 growing at a CAGR of 7.1% from 2024 to 2032.

Yacht Charter Market Highlights

• Global yacht charter market revenue is poised to garner USD 22.5 billion by 2032 with a CAGR of 7.1% from 2024 to 2032
• Europe yacht charter market value occupied around USD 8.3 billion in 2023
• Asia-Pacific yacht charter market growth will record a CAGR of more than 8% from 2024 to 2032
• Among type, the motorized yacht sub-segment generated more than USD 7.3 billion revenue in 2023
• Based on size, the small (up to 30m) sub-segment generated around 65% yacht charter market share in 2023
• Explore sustainable practices and eco-friendly options to attract environmentally conscious clients is a popular yacht charter market trend that fuels the industry demand

Yacht chartering provides an unmatched escape, changing routine trips into unforgettable experiences. A yacht charter can meet your needs for adrenaline-pumping water sports, isolated island discovery, or simply relaxing in the lap of luxury. From the minute you embark, you are immersed in a world of elegance and personalized care. Gourmet cuisine, immaculate cabins, and attentive staff members create an atmosphere of absolute luxury. Whether you choose a contemporary motor yacht or a vintage sailing vessel, the ability to design your itinerary guarantees an amazing experience. Discover hidden coves, bask in the warmth of the sun on spacious decks, and immerse yourself in breathtaking sunsets. A yacht charter is more than just a vacation; it's a journey of discovery, relaxation, and unparalleled luxury.

Global Yacht Charter Market Dynamics

Market Drivers

• Rising disposable income and an affluent population fuel luxury experiences such as boat chartering
• The growing interest in experience travel and novel vacation options drives industry growth
• Expanding luxury tourism and destination weddings drive up demand for yacht charters
• Technological developments in yacht design and rental systems improve the consumer experience

Market Restraints

• Economic downturns and uncertainties can have an impact on discretionary spending for luxury services
• Strict environmental restrictions and concerns about carbon emissions present problems for the sector
• Fuel, maintenance, and staff pay are all examples of high operational costs that have an impact on profitability

Market Opportunities

• To grow, consider expanding into niche markets such as adventure, wellness, and corporate charters
• Utilize digital marketing and online platforms to reach a larger audience and improve booking efficiency
• Collaborate with airlines, luxury hotels, and travel agencies for cross-promotions and customer acquisition

Yacht Charter Market Report Coverage

Yacht Charter Market Insights

The yacht charter is mainly a sail-driven vessel or motor-driven used primarily for enjoyment. Yachts can be private (personal or business owned) or chartered. The luxury yacht facilities include huge, comfortable professionally crewed motors or sailing yachts of 75 feet and more than 250 feet in length.

The global yacht charter industry is driven by a growing tendency to sail in luxury worldwide. In fact, increasing number of high net individuals around the world is constantly contributing to the industry growth. A growing number of promotional services for yachts are one of the most significant factors which will fuel the growth of global yacht charter market in the near future. The number of online yacht service providers is on the rise. In addition, the global charter yacht services industry, particularly from the younger population, has experienced significant acceptance. In addition, the global charter yacht services industry, particularly from the younger population, has experienced significant acceptance. Many young people are typically boaters for the first time, who often arrange activities, particularly for yacht holidays at weekends or at birthdays.

Yacht Charter Market Segmentation

The worldwide market for yacht charter is split based on type, size, contract type, consumer type, application, and geography.

Yacht Charter Market By Types

• Sailing Yacht
• Motorized Yacht

According to yacht charter industry analysis, the motorized yacht segment clearly dominates the market. Their speed, comfort, and ability to travel great distances effectively have made them the favorite option of many charterers. Unlike sailing yachts, which are dependent on wind conditions, motor yachts provide exceptional flexibility and convenience. They are great for those who want to visit numerous sites in a short amount of time, take part in water activities, or simply relax in luxury. Furthermore, motor boats often have larger decks, modern amenities, and advanced technology, making them more appealing to a broader spectrum of people than sailing yachts. All of these considerations help to explain powered yachts' dominant position in the yacht charter business.

Yacht Charter Market By Sizes

• Large (over 50m)
• Medium(30m-50m)
• Small (up to 30m)

The small yacht segment (up to 30 meters) is the most profitable in the yacht charter business. Many factors contribute to its dominance during the yacht charter market forecast period. For starters, tiny yachts appeal to a wider range of clientele, including couples, families, and small groups seeking intimate and reasonably priced luxury experiences. Second, they have lower operational costs than larger yachts, enabling more competitive pricing. Small yachts also provide greater destination options because they may visit a larger selection of bays and coves. The combination of cost, versatility, and a larger target audience helps to generate significant revenue in the small yacht section of the yacht charter market.

Yacht Charter Market By Contract Types

• Bareboat Charter
• Crewed Charter

The crewed charter market is likely to maintain a significant share. This is due in part to the growing demand among tourists for premium and personalized experiences. Crewed charters provide the added convenience of an onboard team that includes a captain, cook, and other people, resulting in a relaxing and stress-free trip. The expanding trend of leisure travel, as well as affluent consumers' willingness to pay more for higher-quality services and amenities, help to drive the segment's growth. Furthermore, crewed charters are becoming more popular for corporate gatherings and special occasions, hence boosting their market share.

Yacht Charter Market By Consumer Types

The retail category has emerged as the most significant in the yacht charter market, owing to individual customers' and families' increased preference for personalized and leisure-oriented travel experiences. Rising disposable income and increased knowledge of yacht charter services have made them available to a broader audience, beyond the ultra-wealthy. Retail customers are increasingly looking for unique vacation experiences, such as private boat charters, for family vacations, honeymoons, and special occasions. Yacht charters are particularly enticing to the retail industry due to their freedom in selecting itineraries, destinations, and amenities, as well as the possibility to tailor the experience, resulting in substantial growth and yacht charter market dominance.

Yacht Charter Applications

According to yacht charter market analysis, the vacation segment will account for a significant percentage of the industry due to rising desire for lavish and distinctive travel experiences. Yacht charters provide a rare opportunity to visit important coastal and island destinations, attracting travelers seeking unique and personalized experiences. This tendency is driven by a desire for a private, safe, and comfortable holiday, particularly among wealthy persons and families. Yacht charters are an appealing vacation option since they allow you to set your own schedule, enjoy premium facilities, and take in the breathtaking landscape at sea. Furthermore, increased awareness of yacht chartering as a viable vacation option, owing to marketing and accessibility, is propelling the business forward.

Yacht Charter Market Regional Outlook

North America

• Rest of Europe

Asia-Pacific

• South Korea
• Rest of Asia-Pacific

Latin America

• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Yacht Charter Market Regional Analysis

Europe has a significant market share in 2023 and is expected to continue to dominate the worldwide market over the yacht charter industry forecast period, owing to strong demand from Mediterranean countries. Croatia and Greece have made important contributions to the region's yacht charter business, particularly with their beautiful coastlines and growing nautical tourism.

Meanwhile, Asia-Pacific is the area with the fastest growth in the yacht charter Market. The growing popularity of luxury travel, increased disposable money, and the appeal of places such as Thailand, Indonesia, and Australia are all driving this growth. Government attempts to promote nautical tourism, as well as the construction of high-end marinas, are making Asia-Pacific an even more appealing destination for yacht charter services.

Yacht Charter Market Players

Some of the top yacht charter companies offered in our report includes Nautal, Zizooboats GmbH, Northrop & Johnson, Princess Yachts Limited, Yachtico, Inc., Charter Yachts Australia, Sailogy S.A., Martello Yachting & Company, Fraser Yacht, and Boatsetter.

CHAPTER 1. Industry Overview of Yacht Charter Market

1.1. Definition and Scope

1.1.1. Definition of Yacht Charter

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Yacht Charter Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. Yacht Charter Market By Type

1.2.3. Yacht Charter Market By Size

1.2.4. Yacht Charter Market By Contract

1.2.5. Yacht Charter Market By Consumer Type

1.2.6. Yacht Charter Market By Application

1.2.7. Yacht Charter Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Sources

2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Yacht Charter Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Yacht Charter Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Cost Structure Analysis

3.8.1. Price Trend of Key Raw Materials

3.8.2. Raw Material Suppliers

3.8.3. Proportion of Manufacturing Cost Structure

3.8.3.1. Raw Material

3.8.3.2. Labor Cost

3.8.3.3. Manufacturing Expense

3.9. Regulatory Compliance

3.10. Competitive Landscape, 2023

3.10.1. Player Positioning Analysis

3.10.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Manufacturing Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023

4.2. R&D Status of Major Manufacturers in 2023

CHAPTER 5. Yacht Charter Market By Type

5.1. Introduction

5.2. Yacht Charter Revenue By Type

5.2.1. Yacht Charter Revenue (USD Million) and Forecast, By Type, 2020-2032

5.2.2. Sailing Yacht

5.2.2.1. Sailing Yacht Market Revenue (USD Million) and Growth Rate (%), 2020-2032

5.2.3. Motorized Yacht

5.2.3.1. Motorized Yacht Market Revenue (USD Million) and Growth Rate (%), 2020-2032

5.2.4. Others

5.2.4.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032

CHAPTER 6. Yacht Charter Market By Size

6.1. Introduction

6.2. Yacht Charter Revenue By Size

6.2.1. Yacht Charter Revenue (USD Million) and Forecast, By Size, 2020-2032

6.2.2. Large (over 50m)

6.2.2.1. Large (over 50m) Market Revenue (USD Million) and Growth Rate (%), 2020-2032

6.2.3. Medium(30m-50m)

6.2.3.1. Medium(30m-50m) Market Revenue (USD Million) and Growth Rate (%), 2020-2032

6.2.4. Small (up to 30m)

6.2.4.1. Small (up to 30m) Market Revenue (USD Million) and Growth Rate (%), 2020-2032

CHAPTER 7. Yacht Charter Market By Contract

7.1. Introduction

7.2. Yacht Charter Revenue By Contract

7.2.1. Yacht Charter Revenue (USD Million) and Forecast, By Contract, 2020-2032

7.2.2. Bareboat

7.2.2.1. Bareboat Market Revenue (USD Million) and Growth Rate (%), 2020-2032

7.2.3. Crewed

7.2.3.1. Crewed Market Revenue (USD Million) and Growth Rate (%), 2020-2032

CHAPTER 8. Yacht Charter Market By Consumer Type

8.1. Introduction

8.2. Yacht Charter Revenue By Consumer Type

8.2.1. Yacht Charter Revenue (USD Million) and Forecast, By Consumer Type, 2020-2032

8.2.2. Corporate

8.2.2.1. Corporate Market Revenue (USD Million) and Growth Rate (%), 2020-2032

8.2.3. Retail

8.2.3.1. Retail Market Revenue (USD Million) and Growth Rate (%), 2020-2032

8.2.4. Other

8.2.4.1. Other Market Revenue (USD Million) and Growth Rate (%), 2020-2032

CHAPTER 9. Yacht Charter Market By Application

9.1. Introduction

9.2. Yacht Charter Revenue By Application

9.2.1. Yacht Charter Revenue (USD Million) and Forecast, By Application, 2020-2032

9.2.2. Sailing

9.2.2.1. Sailing Market Revenue (USD Million) and Growth Rate (%), 2020-2032

9.2.3. Vacation

9.2.3.1. Vacation Market Revenue (USD Million) and Growth Rate (%), 2020-2032

9.2.4. Others

9.2.4.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032

CHAPTER 10. North America Yacht Charter Market By Country 

10.1. North America Yacht Charter Market Overview

10.2.1. U.S. Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

10.2.2. U.S. Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

10.2.3. U.S. Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

10.2.4. U.S. Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

10.2.5. U.S. Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

10.3. Canada

10.3.1. Canada Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

10.3.2. Canada Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

10.3.3. Canada Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

10.3.4. Canada Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

10.3.5. Canada Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

10.4. North America PEST Analysis

CHAPTER 11. Europe Yacht Charter Market By Country

11.1. Europe Yacht Charter Market Overview

11.2.1. U.K. Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

11.2.2. U.K. Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

11.2.3. U.K. Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

11.2.4. U.K. Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

11.2.5. U.K. Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

11.3. Germany

11.3.1. Germany Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

11.3.2. Germany Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

11.3.3. Germany Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

11.3.4. Germany Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

11.3.5. Germany Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

11.4. France

11.4.1. France Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

11.4.2. France Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

11.4.3. France Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

11.4.4. France Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

11.4.5. France Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

11.5. Spain

11.5.1. Spain Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

11.5.2. Spain Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

11.5.3. Spain Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

11.5.4. Spain Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

11.5.5. Spain Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

11.6. Rest of Europe

11.6.1. Rest of Europe Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

11.6.2. Rest of Europe Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

11.6.3. Rest of Europe Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

11.6.4. Rest of Europe Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

11.6.5. Rest of Europe Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

11.7. Europe PEST Analysis

CHAPTER 12. Asia Pacific Yacht Charter Market By Country

12.1. Asia Pacific Yacht Charter Market Overview

12.2. China

12.2.1. China Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.2.2. China Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.2.3. China Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.2.4. China Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.2.5. China Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.3. Japan

12.3.1. Japan Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.3.2. Japan Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.3.3. Japan Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.3.4. Japan Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.3.5. Japan Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.4. India

12.4.1. India Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.4.2. India Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.4.3. India Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.4.4. India Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.4.5. India Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.5. Australia

12.5.1. Australia Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.5.2. Australia Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.5.3. Australia Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.5.4. Australia Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.5.5. Australia Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.6. South Korea

12.6.1. South Korea Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.6.2. South Korea Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.6.3. South Korea Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.6.4. South Korea Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.6.5. South Korea Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.7. Rest of Asia-Pacific

12.7.1. Rest of Asia-Pacific Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

12.7.2. Rest of Asia-Pacific Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

12.7.3. Rest of Asia-Pacific Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

12.7.4. Rest of Asia-Pacific Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

12.7.5. Rest of Asia-Pacific Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

12.8. Asia Pacific PEST Analysis

CHAPTER 13. Latin America Yacht Charter Market By Country

13.1. Latin America Yacht Charter Market Overview

13.2. Brazil

13.2.1. Brazil Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

13.2.2. Brazil Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

13.2.3. Brazil Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

13.2.4. Brazil Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

13.2.5. Brazil Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

13.3. Mexico

13.3.1. Mexico Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

13.3.2. Mexico Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

13.3.3. Mexico Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

13.3.4. Mexico Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

13.3.5. Mexico Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

13.4. Rest of Latin America

13.4.1. Rest of Latin America Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

13.4.2. Rest of Latin America Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

13.4.3. Rest of Latin America Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

13.4.4. Rest of Latin America Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

13.4.5. Rest of Latin America Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

13.5. Latin America PEST Analysis

CHAPTER 14. Middle East & Africa Yacht Charter Market By Country 

14.1. Middle East & Africa Yacht Charter Market Overview

14.2.1. GCC Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

14.2.2. GCC Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

14.2.3. GCC Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

14.2.4. GCC Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

14.2.5. GCC Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

14.3. South Africa

14.3.1. South Africa Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

14.3.2. South Africa Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

14.3.3. South Africa Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

14.3.4. South Africa Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

14.3.5. South Africa Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

14.4. Rest of Middle East & Africa

14.4.1. Rest of Middle East & Africa Yacht Charter Revenue (USD Million) and Forecast By Type, 2020-2032

14.4.2. Rest of Middle East & Africa Yacht Charter Revenue (USD Million) and Forecast By Size, 2020-2032

14.4.3. Rest of Middle East & Africa Yacht Charter Revenue (USD Million) and Forecast By Application, 2020-2032

14.4.4. Rest of Middle East & Africa Yacht Charter Revenue (USD Million) and Forecast By Contract Type, 2020-2032

14.4.5. Rest of Middle East & Africa Yacht Charter Revenue (USD Million) and Forecast By Consumer Type, 2020-2032

14.5. Middle East & Africa PEST Analysis

CHAPTER 15. Player Analysis Of Yacht Charter Market

15.1. Yacht Charter Market Company Share Analysis

15.2. Competition Matrix

15.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment

15.2.2. New Product Launches and Product Enhancements

15.2.3. Mergers And Acquisition In Global Yacht Charter Market

15.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 16. Company Profile

16.1. Nautal

16.1.1. Company Snapshot

16.1.2. Business Overview

16.1.3. Financial Overview

16.1.3.1. Revenue (USD Million), 2023

16.1.3.2. Nautal 2023 Yacht Charter Business Regional Distribution

16.1.4. Product /Service and Specification

16.1.5. Recent Developments & Business Strategy

16.2. Zizooboats GmbH

16.3. Northrop & Johnson

16.4. Princess Yachts Limited

16.5. Yachtico, Inc.

16.6. Charter Yachts Australia

16.7. Sailogy S.A.

16.8. Martello Yachting & Company

16.9. Fraser Yacht

16.10. Boatsetter

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Frequently Asked Questions

How big is the yacht charter market.

The yacht charter market size was valued at USD 12.2 Billion in 2023.

What is the CAGR of the global yacht charter market from 2024 to 2032?

The CAGR of yacht charter is 7.1% during the analysis period of 2024 to 2032.

Which are the key players in the yacht charter market?

The key players operating in the global market are including Nautal, Zizooboats GmbH, Northrop & Johnson, Princess Yachts Limited, Yachtico, Inc., Charter Yachts Australia, Sailogy S.A., Martello Yachting & Company, Fraser Yacht, and Boatsetter.

Which region dominated the global yacht charter market share?

Europe held the dominating position in yacht charter industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of yacht charter during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global yacht charter industry?

The current trends and dynamics in the yacht charter industry include rising disposable income and an affluent population fuel luxury experiences such as boat chartering, the growing interest in experience travel and novel vacation options, expanding luxury tourism and destination weddings, and technological developments in yacht design and rental systems.

Which size held the maximum share in 2023?

The small (up to 30m) size held the maximum share of the yacht charter industry.

Published Date: Aug 2024

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Yacht Charter Market

Yacht charter market - global industry assessment & forecast, automotive transportation & logistics, segments covered.

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The global Yacht Charter Market is valued at USD 7.5 Billion in 2022 and is projected to reach a value of USD 11.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.9% between 2023 and 2030.

Premium Insights

The market for Yacht Charters has expanded significantly by over 15% annually. This development might be ascribed to the rising demand for individualized and unique travel experiences among high-net-worth individuals and luxury travelers.

Yacht Charter Market Size, 2022 To 2030 (USD Billion)

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Many countries worldwide are developing policies to strengthen the coastal tourism sector due to climate change and environmental degradation. The maritime policy of the European Union supports the growth of coastal tourism and marine economic activity. For instance, In November 2022, Poland ranked eighth in the world and fifth in Europe in terms of exports of yachts. Poland produces ~22,000 yachts which include both general and luxury yachts.

The Yacht Charter sector had a fall in growth due to the COVID-19 pandemic's negative effects on world tourism. The pandemic led to a large drop in tourists visiting well-known locations and uncertainty and fear within the Yacht Charter sector. For instance, In 2022, U.S. yacht sales began to normalize after a period of solid growth. Consumer spending patterns shifted towards other accessible activities like travel, music concerts, and sporting events.

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Key Highlights

• Europe generated more than 60% of the revenue share in 2022,
• Asia Pacific is expected to expand at the fastest CAGR from 2023 to 2030,
• By Contract Type, the Bareboat Contracted Yacht segment contributed more than 33% of revenue share in 2022,
• By Yacht Size, the 40m Yacht segment registered more than 40% of revenue share in 2022,
• By Yacht type, the Motorized Yacht segment recorded the most significant market share in 2022,
• By end use, Leisure Travel dominates the Yacht Charter market.

Economic Insights

The Yacht Charter industry makes an essential contribution to the economy, and it also affects nearby communities and related businesses. Additionally, the market supports jobs in yacht maintenance and repair, brokerage, yacht management, and other related services. Collectively, the Yacht Charter industry provides employment opportunities for thousands of individuals globally. The expansion of ancillary sectors like yacht construction and the production of marine equipment also benefits from the market, which increases economic activity and investment. Marine tourism has a positive impact on economic growth in several ways. It also earns foreign exchange and contributes to government revenue. It creates jobs and makes an essential contribution to the local economy. In addition, it provides various sociocultural benefits such as strengthening communities and promoting sustainable tourism. Many countries worldwide are developing policies to strengthen the coastal tourism sector due to climate change and environmental degradation.

Top Market Trends

• Sustainability and eco-consciousness: As people become more aware of environmental problems, there is a noticeable movement towards sustainability in several different businesses, including the Yacht Charter market. Charter customers are looking for environmentally friendly options including yachts with alternative or hybrid propulsion systems, waste management techniques, and sustainable practices. In response, Yacht Charter firms are implementing eco-friendly policies, promoting eco-aware travel, and incorporating sustainable technologies and practices into their daily operations.
• Emerging Destinations & Unexplored Waters: While well-known Yacht Charter locations like the Mediterranean and the Caribbean still draw visitors, there is a rising trend towards visiting less-traveled-to and emerging locations. Charter customers want to explore uncharted waters to find pristine coastlines, fascinating cultures, and unique experiences. These regions include Southeast Asia, the South Pacific, and inaccessible islands. These growing locations are now included in the services of Yacht Charter companies, giving tourists the chance to journey outside of the usual tourist sites and partake in authentic off-the-beaten-path experiences.
• Wellness and well-being: The need for wellness and well-being has emerged as a major trend in the tourism industry, and the Yacht Charter market is no exception. Customers of Charter are looking for holistic experiences that encourage rest, renewal, and general well-being. Wellness amenities including aboard spas, fitness centers, yoga studios, and healthy food options are now available on Yacht Charters. Yacht Charter firms are introducing wellness-focused components to meet the growing demand for health-conscious vacation experiences, from wellness getaways to personalized wellness programs.
• Technological innovations: To improve the visitor experience and expedite operations, the Yacht Charter industry is adopting technological innovations. Luxury yachts are incorporating cutting-edge onboard amenities including high-speed internet connectivity, smart home automation systems, cutting-edge entertainment systems, and virtual reality experiences. Additionally, to offer seamless and individualized service to charter customers, Yacht Charter businesses are utilizing technology for effective booking procedures, online platforms for itinerary customization, and digital concierge services.

The global Yacht Charter market can be categorized on the following: Contract Type, Yacht Size, Yacht Type, End Use, and Region . Based on Contract Type , the market can be categorized into Bareboat and Crewed. Additionally, based on Yacht Size , the market can be split further into Up to 40m, 40 to 60m, and Above 60m. Moreover, based on Yacht Type , the market can be segregated into Motor Yachts, Sail Yachts, and Other Yacht Types. Furthermore, based on End Use , the market can be fragmented further into Leisure, Business, and Other End Uses. Likewise, the market is segmented based on Region : North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on the Contract Type

Bareboat Contracted Yacht Charters to Account for the Holds the Largest Share

Based on the Type of Contract, Bareboat Yacht Charters dominate the market for yacht rentals. In a bareboat charter, a yacht is rented without a crew or any other extras, and the charterer is solely responsible for navigating and running the boat. For seasoned sailors or people who prefer to run their own boat experience, this kind of charter offers flexibility and freedom. The sense of adventure, solitude, and control that bareboat charters give their clients can be credited for their popularity. Bareboat contractual Yacht Charters dominate the market, reflecting the preferences of independent and seasoned sailors who want the freedom to explore numerous leisurely locations.

Based on Yacht Size

40m Yacht to Accommodate the Maximum Revenue

Based on Yacht Size, it is anticipated that the Yacht Charter market will generate the most money from 40m yachts. These boats appeal to a sizable number of charter customers because they strike a mix between luxury, comfort, and manageability. 40m yachts are the perfect backdrop for a lavish and unforgettable charter experience thanks to their large room, high-end facilities, and elegant design. Having vast living spaces, roomy staterooms, and a range of onboard entertainment options, their size enables comfortable lodging for a greater number of passengers. The need for upmarket and large charter choices, which satisfy the tastes of charter clients seeking a high-end experience on the water, is shown by the popularity of 40m yachts in earning maximum revenue.

Based on Yacht Type

Motorized Yacht will dominate the market during Forecast Period

Motorized Yachts are anticipated to rule the Yacht Charter Market during the anticipated period. A wide variety of charter customers are drawn to the power, speed, and luxury that motorized boats offer. These yachts have strong engines that allow for quick navigation and efficient cruising, giving the freedom to visit several locations in a short amount of time. The numerous amenities and roomy interiors of motorized yachts also give charter guests a fashionable and pleasant setting. Motorized yachts are anticipated to maintain a strong market presence and draw a sizable portion of charter reservations due to their adaptability and attraction to both experienced yachting aficionados and first-time charterers.

Based on End Use

Leisure Travel is Dominate the Yacht Charter Market

The Yacht Charter market is expected to be dominated by leisure travel. Individuals and families wishing for opulent and memorable vacations are the main consumers of Yacht Charters. Charter passengers traveling for pleasure are looking for a chance to unwind, go on an adventure, and travel to far-off places in the utmost comfort and solitude. With access to breathtaking coastlines, secret anchorages, and top-notch amenities on board, Yacht Charters provide a distinctive and exclusive way to experience the sea. As travelers prioritize personalized and immersive travel, the demand for leisure Yacht Charters is expected to increase even further. This will make this market segment the dominant one and will encourage the creation of novel services and experiences that are catered to the wants and preferences of leisure travelers.

Based on Region

Europe to Lead Global Market due to the Region Being a Popular Tourist Destination

A renowned tourist destination, Europe is anticipated to dominate the worldwide Yacht Charter market on a regional basis. With its wide variety of coastal regions and attractive locations, Europe draws many travelers from all over the world. Particularly known for its magnificent scenery, clean waters, and lively coastal communities, the Mediterranean is a popular location for Yacht Charters. European nations with a rich nautical history, first-rate infrastructure, and a well-established network of marinas and yacht rental firms include Italy, Greece, Croatia, and France. The area's reputation in the Yacht Charter sector is further bolstered by its pleasant temperature, cultural attractions, and proximity to important international airports. The growth of the market in the region is anticipated to be fueled by the increasing popularity of fishing and aquatic sports, as well as the growing number of upper-class consumers. Market expansion is anticipated to be bolstered by European flight reservations, cooperation with online demand for charter service providers, and a rise in issued craft permits. The region's affluent populace is also likely to stimulate market growth.

Competitive Landscape

The Yacht Charter Market is fragmented, with numerous small and large Yacht Charter companies, brokers, and online platforms, each offering its unique services and experiences. Companies are putting more emphasis on innovation, investing in new yacht purchases, implementing sustainable practices, and expanding their product offerings to include customized itineraries, wellness experiences, and technological improvements to acquire a competitive edge. Partnerships with five-star hotels, tour operators, and location management firms are becoming increasingly popular ways to expand customer reach and offer all-inclusive yacht vacation packages. As the market develops, the competition heats up, forcing businesses to stand out and offer great experiences to win over more customers. Additionally, the market participants are focused on enhancing the yachting experience for their consumers. In addition, with the increasing demand for yachts as a luxury product, participants are modernizing their yachts and training their crews to provide consumers with a superior travel experience. The market participants are investing in infrastructural enhancements such as online booking portals, websites, and marine satellite connectivity for connectivity and entertainment onboard.

The key players in the global Yacht Charter market include – Dream Yacht Charter (Italy), Yachtico (U.S.), Asta Yachting (Croatia), OceanBLUE Yachts Ltd. (UK), Simpson Marine (Hong Kong), Ocean Independence (U.S.), Imperial Yachts (Monaco), Northrop & Johnson (U.S.), YCO (UK), Burgess (U.S.) among others.

Recent Market Developments

• January 2022: Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, specially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
• September 2022: Angelina Yacht Charter of Biograd acquired an 85 percent stake in the Split-based charter company Ultra Sailing. With this acquisition, it will become the largest Croatian charter company. The combined fleet of vessels will exceed 260.
• January 2022: The Berg, a new luxury vessel, was introduced. This 55-meter vessel will be the first luxurious charter yacht to cruise the Nile. The charter route offered by Berge sails between Luxor and Aswan, taking in the scenery of the most renowned stretch of the Nile River, renowned for its architecture and natural beauty.
• January 2021: Burgess announced a new partnership with Marine Solutions in India. With this partnership, Burgess intends to serve its existing clients better and develop new relationships in India, enhancing its charter offering in the Indian Ocean.

Segmentation of the Global Yacht Charter Market

Frequently Asked Question

What is the global demand for yacht charter in terms of revenue.

The global Yacht Charter valued at USD 7.5 Billion in 2022 and is expected to reach USD 11.2 Billion in 2030 growing at a CAGR of 5.9%.

Which are the prominent players in the market?

The prominent players in the market are Dream Yacht Charter (Italy), Yachtico (U.S.), Asta Yachting (Croatia), OceanBLUE Yachts Ltd. (UK), Simpson Marine (Hong Kong), Ocean Independence (U.S.), Imperial Yachts (Monaco), Northrop & Johnson (U.S.), YCO (UK), Burgess (U.S.).

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 5.9% between 2023 and 2030.

What are the driving factors fueling the growth of the market.

• Increase in number of private islands on cruise itineraries

Which region accounted for the largest share in the market?

Europe was the leading regional segment of the Yacht Charter in 2022.

Related Reports

Request sample report for yacht charter market, vantage point interactive dashboard.

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Yacht charter market size, share & trends analysis report 2030.

The Yacht Charter Market to Reach Valuation of USD 11.06 Billion by 2030; Angelina Yacht Charter Acquired 85% Share in Ultra Sailing to Compete Against Leading Companies

Pune, India, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Yacht Charter Market Size

The global yacht charter market size was USD 7.22 billion in 2022. The market is projected to grow from USD 7.59 billion in 2023 to USD 11.06 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period. Yacht charter is a service for hiring boats for leisure and recreational purposes. Professionally crewed yachts are equipped with luxurious amenities and are chartered for leisure and corporate purposes. They offer a seamless luxury experience with the highest standards of comfort. They are also used for fishing and sailing in some parts of the world especially in European countries, which is also elevating market expansion. This information is provided by Fortune Business Insights, in its report titled, “Yacht Charter Market, 2023-2030.”

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Report Highlights:

Yacht Charter Market Drivers & Restraints-

Increasing Popularity of Marine Tourism Activities and Recreational Boating to Drive Market Expansion

The rising popularity of marine tourism and leisure activities and the growing disposable income of the populace are driving market growth. Moreover, recreational boating has been gaining popularity, thus propelling the demand for yacht rental services. The presence of advanced booking systems is enabling customers to charter yachts with ease at the time of booking flight tickets, which is further elevating market augmentation.

Additionally, governments of several economies are launching programs and initiatives to boost marine tourism, thus contributing to industry proliferation. For instance, the Indian government is planning to develop infrastructure and services to support local tourism and port city tours, encourage cruise travel, and increase maritime tourism.

On the other hand, the high cost of yacht charter services along with high hidden costs such as value-added tax, insurance, and other costs will hamper market expansion in the coming years.

COVID-19 Impact-

Substantial Decline in Product Demand Amid COVID-19 to Hinder Market Expansion

The spread of COVID-19 worldwide severely impacted the tourism industry globally as lockdowns and travel restrictions were imposed and the number of tourists visiting places decreased. The pandemic has caused uncertainties in the industry and disturbances for members of the industrial value chain. Industry players are making several decisions to overcome the uncertainty created by the pandemic, including safety and precautionary measures in charter contracts. In other regions, such as Europe, Asia Pacific, Latin America, and the Middle East & Africa, the yacht charter market growth declined during 2020 due to uncertainties.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/yacht-charter-market-105123

Yacht Charter Market Segmentation:

Bareboat Segment to Lead Stoked by Extensive Usage for Sailing and Fishing

As per contract type, the market is divided into bareboat and crewed. Among these, the bareboat segment dominated the market in 2022 owing to the privacy offered by bareboat yachts as compared to crewed ones. Moreover, people typically rent bareboat yachts for sporting events, fishing, or sailing from one destination to another, which further aids segment growth.

Up to 40m Segment to Dominate Backed by its Affordability and Ease of Use

According to yacht size, the market is split into up to 40 meters, 40 to 60 meters, and above 60 meters. Among these, the up to 40-meter segment held the dominant market share in 2022. End-users prefer yachts of up to 40 meters in size owing to their low maintenance costs, affordability, ease of use, and low mooring costs, thus aiding segment expansion.

Motor Yacht Segment to Hold Major Share Due to Surging Demand for Recreational and Personal Activities

By yacht type, the market is arrayed into motor yachts, sailing yachts, and others. Among these, the motor yacht segment captured the largest share in 2022. The growing demand for motor yachts for recreational and personal activities in various countries worldwide is propelling segment expansion. Furthermore, motor yachts can be sailed in shallow water, allowing customers to navigate almost all coastlines and narrow and shallow creeks.

Leisure Segment to Hold Largest Share Due to Growing Tourism Sector

BY end-user, the market is split into leisure, business, and others. Among these, the leisure segment led the market in 2022 owing to increased tourism. The emergence of new tourist destinations offering beautiful scenery and luxury cruises has encouraged ultra-rich people worldwide to discover these tourist destinations. Moreover, leading players focusing on providing luxury cruising for their customers will boost segment expansion.

Geographically, the market is segregated into North America, Europe, Asia Pacific, and the Middle East & Africa.

Yacht Charter Market Report Coverage-

The report provides valuable insights into drivers, restraints, opportunities, and threats influencing market dynamics in the forthcoming years. The market is studied by dividing it into segments and regions. Market share, growth rate, and valuation of each segment and region are given as well. Furthermore, the impact of COVID-19 is studied to enable industry stakeholders to make informed decisions.

Yacht Charter Market Regional Insights:

Europe to Dominate Due to Growing Number of Tourist Destinations

Europe captured the largest yacht charter market share in 2022 backed by the growing popularity of marine tourism and the increasing number of tourist destinations in the region. The growing popularity of water sports and fishing activities along with the rising number of upper-class individuals are also augmenting the industry in the region.

The Asia Pacific market is anticipated to register the highest CAGR in the coming years backed by rising urbanization, growing living standards, and increasing disposable income. The rising popularity of recreational activities such as water sports and fishing in Thailand, Malaysia, Singapore, China, Japan, and Australia and the expanding maritime tourism sector also contribute to market expansion.

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Yacht Charter Market Competitive Landscape-

Launch of New Luxury Yachts by Industry Leaders to Drive Market Expansion

Industry leaders often make strategic moves, such as partnerships, collaborations, mergers, and acquisitions, to maximize profits and gather larger revenues. For example, in January 2022, Yachting Partners International (YPI) a full-service yachting house recently introduced its first and only luxury charter yacht for cruising on the Nile River. Located in Luxor, Egypt, the 180-footer, christened Berge, will take seafarers along Africa’s longest river. The route of the Berge runs between Luxor and Aswan and is dotted with breathtaking natural wonders and landmarks.

Top Yacht Charter Companies Analyzed In Report:-

Worldwide Boat LLC (U.S.)

Dream Yacht Group (U.S.)

Northrop & Johnson (France)

Sailo Inc. (Monaco)

Camper & Nicholsons (Japan)

Ocean Independence (Switzerland)

Burgess Yachts (U.K.)

The Moorings Limited (U.S.)

Boatbookings (U.K.)

Ritzy Charters LLC (U.S.)

Yacht Charter Market Segmentation:-

By Contract Type

By Yacht Size

By Yacht Type

Motor Yacht

Yacht Charter Industry Development:

September 2022 : The Biograd company Angelina Yacht Charter acquired 85% share in the Split-based charter company Ultra Sailing. With this acquisition, it will be the largest charter company in Croatia with more than 260 vessels in its fleet. This move will enable the company to survive against the leading global players in the Croatian market such as Dream Yacht, Sunsail, and Navigare.

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Table of Contents:-

Introduction

Research Scope

Market Segmentation

Research Methodology

Definitions and Assumptions

Executive Summary

Market Dynamics

Market Drivers

Market Restraints

Market Opportunities

Key Insights

Key Industry Developments –Mergers, Acquisitions and Partnerships

Porters Five Forces Analysis

Technological Development

Impact of Covid-19

Global Yacht Charter Market Analysis, Insights and Forecast, 2019-2030

Key Findings / Definitions

Market Analysis, Insights and Forecast – By Contract Type

Market Analysis, Insights and Forecast – By Yacht Size

Up to 40 meters

40 to 60 meters

Above 60 meters

Market Analysis, Insights and Forecast – By Yacht Type

Market Analysis, Insights and Forecast – By End-use

Market Analysis, Insights and Forecast – By Region

North America

Asia pacific

Rest of the world

Toc Continued…..

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Global Yacht Charter Market Size By Type (Sailing Yacht, Motor Yacht), By Size (Up to 20 ft, 20 to 50 ft, Above 50 ft), By Application (Corporate, Individual, Family/Group, Couple), By Geographic Scope And Forecast

• Description
• Table of Contents
• Methodology

Yacht Charter Market Size And Forecast

Yacht Charter Market size was valued at USD 17.55 Billion in 2023 and is projected to reach USD 25.73 Billion by 2031 , growing at a  CAGR of 4.90% from 2024 to 2031.

• Yacht charter is the hire or lease of a yacht for recreational reasons, allowing individuals or groups to explore coastal or open seas in luxury and comfort.
• Yacht charter can be used for a variety of recreational activities, including vacations, celebrations, corporate events, and even filming sites, delivering a private and customizable experience tailored to the charterer’s tastes.
• Looking ahead, the future of yacht charter includes continued expansion driven by rising disposable incomes, increased demand for experience travel, and developing tourism industries around the world.
• Technological improvements, including the incorporation of sustainable practices and digital platforms for easy booking and management, are expected to further enhance the accessibility and appeal of yacht charter services, appealing to broad customers and cementing its position in as a premium area of the travel and tourism industry.

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Global Yacht Charter Market Dynamics

The key market dynamics that are shaping the global yacht charter market include:

Key Market Drivers:

• Luxury Vacation Demand: Rising worldwide affluence and a desire for distinctive and exclusive vacation experiences are driving up demand for yacht charters. High-net-worth individuals prefer luxury vacations with bespoke itineraries, facilities, and seclusion, making yacht charters an enticing alternative for discerning tourists.
• Expanding Tourism Infrastructure: The development of marine tourism infrastructure, such as marinas, yacht clubs, and support services, is enabling the growth of the yacht charter sector. Coastal communities and famous tourist locations are investing in infrastructure to support yacht charters, which draw both domestic and foreign visitors.
• Corporate Events and Celebrations: Yacht charters are becoming more popular for corporate events, team-building activities, and special occasions like weddings or anniversaries. Yacht charters are a popular choice for holding unforgettable events due to its exclusivity, luxurious amenities, and customizable experiences, which attract both corporate and private clients.
• Increasing Leisure Time: With more free time and a desire for experiential travel, people are looking for new places to visit and activities to enjoy. Yacht charters provide flexibility, allowing passengers to visit many places in a single trip while participating in a variety of water-based leisure activities such as snorkeling, diving, or simply sunbathing on deck.

Key Challenges:

• Seasonal Demand and Weather Dependence: The yacht charter sector confronts issues due to seasonal demand swings and weather patterns. Popular charter destinations frequently have peak seasons, resulting in increased competition for available vessels and higher pricing. Furthermore, severe weather, such as storms or hurricanes, can disrupt charter itineraries, affecting client satisfaction and operational logistics.
• Regulatory Compliance and Licensing: Yacht charter providers have hurdles in meeting maritime legislation and licensing requirements. Obtaining essential permits, licenses, and certificates can be complicated due to differences in rules among areas or countries. Ensuring compliance with safety standards, environmental regulations, and tax requirements increases administrative burdens and may discourage potential charter operators from entering the market.
• Operational Costs and Maintenance: The high operational costs involved with yacht ownership, maintenance, and crew pay provide substantial problems for yacht charter operators. Maintaining luxury yachts in pristine condition necessitates significant investments in routine maintenance, repairs, and refurbishing. Furthermore, hiring and maintaining qualified crew members capable of providing great service increases operational costs, affecting profit margins and pricing competitiveness.
• Market Competition and Differentiation: The yacht charter business is extremely competitive, with multiple operators competing for market share and consumer attention. Charter firms must separate themselves in a congested industry by delivering unique services, providing outstanding customer service, and implementing innovative marketing methods. However, differentiation can be difficult, particularly for smaller companies with fewer resources, resulting in pricing pressures and industry commoditization.

Key Trends:

• Personalization and Customization: The trend toward personalized travel experiences is increasing demand for yacht charters that are tailored to specific preferences and interests. Charter operators provide tailored itineraries, onboard facilities, and concierge services to meet the specific needs and preferences of their customers. The charter experience can be enhanced with a variety of customization choices, including themed parties and gourmet events, wellness retreats and adventure excursions.
• Digitalization and Online Booking Platforms: The yacht charter sector is adopting digitalization and online booking platforms to expedite the booking process and improve consumer convenience. Online platforms allow passengers to browse a large range of yachts, compare pricing and amenities, and book charters from anywhere in the world. Furthermore, digital tools and smartphone apps offer real-time updates on availability and weather.
• Sustainability and Eco-friendly Practices: The yacht charter market is placing a greater emphasis on sustainability and environmentally friendly methods. To reduce their environmental impact, charter operators are using environmentally conscious methods such as energy-efficient propulsion systems, waste reduction initiatives, and eco-friendly cleaning solutions. Additionally, vacationers are increasingly looking for eco-friendly boat rentals that prioritize sustainability and marine conservation efforts.
• Rise of Remote Working and Staycations: The trend of remote working and staycations has increasing demand in yacht charters among those seeking alternate work-life balance experiences. Yachts provide a private and luxury setting ideal for remote work, allowing passengers to combine business and relaxation while exploring gorgeous coastal areas.

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Global Yacht Charter Market Regional Analysis

Here is a more detailed regional analysis of the market:

• Europe: Europe’s supremacy in the yacht charter Market is due to its long maritime history, various coastline scenery, and wide network of marinas and yacht charter providers.
• With classic destinations such as the Mediterranean and the French Riviera, Europe provides a plethora of gorgeous cruising grounds, cultural activities, and luxury amenities that draw yacht charter aficionados from all over the world. The region’s pleasant temperature, historical charm, and availability to special events such as the Cannes Film Festival and Monaco Grand Prix all contribute to its appeal as a premier yachting destination.
• Furthermore, Europe’s well-established infrastructure, legal frameworks, and high service standards help to cement its position as the favored choice for luxury yacht charters, consolidating its market domination.

Asia Pacific:

• Rapid expansion of the yacht charter market in Asia Pacific. Rising affluence in China, India, and Southeast Asian countries has boosted demand for luxury travel experiences among wealthy individuals and emerging middle-class customers.
• Furthermore, the region’s magnificent beaches, clear oceans, and scenic islands provide an enticing backdrop for yacht charters, attracting both domestic and foreign tourists looking for new and exotic destinations.
• Furthermore, increasing investments in maritime infrastructure, such as marinas, yacht clubs, and support services, are accelerating the Asia Pacific yacht charter industry’s expansion. As a result, Asia Pacific is growing as a vibrant and exciting yacht charter sector, with tremendous development potential in the coming years.

Global Yacht Charter Market: Segmentation Analysis

The Global Yacht Charter Market is segmented on the basis of Type, Size, Application, and Geography.

Yacht Charter Market, By Type

• Sailing Yacht
• Motor Yacht

Based on Type, the Global Yacht Charter Market is segmented into Sailing Yacht and Motor Yacht. The motor yacht category dominates, accounting for the vast majority of yacht charters globally due to its convenience, speed, and luxury facilities. The sailing yacht segment, on the other hand, is expanding at the quickest rate, owing to rising demand for eco-friendly and experience travel options, as well as increased interest in sailing excursions and regattas.

Yacht Charter Market, By Size

• Up to 20 ft
• 20 to 50 ft
• Above 50 ft

Based on Size, the Global Yacht Charter Market is segmented into Up to 20 ft, 20 to 50 ft, and Above 50 ft. The segment above 50 feet is dominating, accounting for the bulk of yacht charter bookings due to the luxury, comfort, and comprehensive amenities provided by larger vessels. However, the segment ranging from 20 to 50 feet is expanding the fastest, mainly to the increased appeal of smaller yachts among budget-conscious vacationers and those looking for more private and personalized water experiences.

Yacht Charter Market, By Application

• Family/Group

Based on Application, the Global Yacht Charter Market is segmented into Corporate, Individual, Family/Group, and Couple. The family/group category dominates, accounting for the majority of yacht charter bookings, owing to the appeal of shared experiences and group vacations aboard expensive yachts. The corporate market, on the other hand, is expanding at the quickest rate, thanks to the increased popularity of corporate events, team-building activities, and incentive trips hosted aboard yachts as businesses seek unique and memorable venues to engage staff and clients.

Key Players

The “Global Yacht Charter Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Boatsetter, Charter Yachts Australia, Fraser Yacht, Martello Yachting & Company, Nautal, Princess Yachts Limited, Sailogy S.A., Northrop & Johnson, Yachtico, Inc., Zizooboats GmbH.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Yacht Charter Market: Recent Developments

• In May 2024, The 19th edition of the World Superyacht Awards concluded with a bang, recognizing some of the most innovative luxury yacht rentals on the market, as well as the excellent workmanship that goes into each and every superyacht.
• In February 2022, Northrop & Johnson made cooperated with NetJets. This collaboration will provide clients with luxury, pleasant, and memorable travel experiences. This relationship creates potential for unique and unforgettable vacations, providing clients with exceptional ease, comfort, and sophistication. Whether exploring exotic destinations or embarking on corporate getaways, Northrop & Johnson and NetJets’ alliance promises to reinvent luxury travel by delivering clients with exceptional experiences suited to their interests and wants.

Report Scope

Research Methodology of Verified Market Research:

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors • Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis • Provides insight into the market through Value Chain • Market dynamics scenario, along with growth opportunities of the market in the years to come • 6-month post-sales analyst support

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Frequently Asked Questions

What is the projected market size & growth rate of the yacht charter market, what are the key driving factors for the yacht charter market, what are the top players operating in the yacht charter market, what segments are covered in the yacht charter market report, how can get sample reports/company profiles of the yacht charter market.

1 INTRODUCTION OF THE GLOBAL YACHT CHARTER MARKET 1.1 Overview of the Market 1.2 Scope of Report 1.3 Assumptions

2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 3.1 Data Mining 3.2 Validation 3.3 Primary Interviews 3.4 List of Data Sources

4 GLOBAL YACHT CHARTER MARKET OUTLOOK 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porter’s Five Force Model 4.4 Value Chain Analysis

5 GLOBAL YACHT CHARTER MARKET, BY TYPE 5.1 Overview 5.2 Sailing yacht 5.3 Motor Yacht

6 GLOBAL YACHT CHARTER MARKET, BY SIZE 6.1 Overview 6.2 Up to 20 ft 6.3 20 to 50 ft 6.4 Above 50 ft

7 GLOBAL YACHT CHARTER MARKET, BY APPLICATION 7.1 Overview 7.2 Corporate 7.3 Individual 7.4 Family/Group 7.5 Couple

8 GLOBAL YACHT CHARTER MARKET, BY GEOGRAPHY 8.1 Overview 8.2 North America 8.2.1 The U.S. 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 The U.K. 8.3.3 France 8.3.4 Italy 8.3.5 Spain 8.3.6 Rest of Europe 8.4 Asia Pacific 8.4.1 China 8.4.2 Japan 8.4.3 India 8.4.4 Rest of Asia Pacific 8.5 Latin America 8.5.1 Brazil 8.5.2 Argentina 8.5.3 Rest of LATAM 8.6 Middle East and Africa 8.6.1 UAE 8.6.2 Saudi Arabia 8.6.3 South Africa 8.6.4 Rest of the Middle East and Africa

9 GLOBAL YACHT CHARTER MARKET COMPETITIVE LANDSCAPE 9.1 Overview 9.2 Company Market Ranking 9.3 Key Development Strategies

10 COMPANY PROFILES

10.1 Boatsetter 10.1.1 Overview 10.1.2 Financial Performance 10.1.3 Product Outlook 10.1.4 Key Developments

10.2 Charter Yachts Australia 10.2.1 Overview 10.2.2 Financial Performance 10.2.3 Product Outlook 10.2.4 Key Developments

10.3 Fraser Yacht 10.3.1 Overview 10.3.2 Financial Performance 10.3.3 Product Outlook 10.3.4 Key Developments

10.4 Martello Yachting & Company 10.4.1 Overview 10.4.2 Financial Performance 10.4.3 Product Outlook 10.4.4 Key Developments

10.5 Nautal 10.5.1 Overview 10.5.2 Financial Performance 10.5.3 Product Outlook 10.5.4 Key Developments

10.6 Princess Yachts limited 10.6.1 Overview 10.6.2 Financial Performance 10.6.3 Product Outlook 10.6.4 Key Development

10.7 Sailogy S.A. 10.7.1 Overview 10.7.2 Financial Performance 10.7.3 Product Outlook 10.7.4 Key Developments

10.8 Northrop & Johnson 10.8.1 Overview 10.8.2 Financial Performance 10.8.3 Product Outlook 10.8.4 Key Development

10.9 Yachtico Inc. 10.9.1 Overview 10.9.2 Financial Performance 10.9.3 Product Outlook 10.9.4 Key Development

10.10 Zizooboats GmbH 10.10.1 Overview 10.10.2 Financial Performance 10.10.3 Product Outlook 10.10.4 Key Development

11 Appendix 11.1 Related Research

Report Research Methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

Econometrics and data visualization model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

• Established market players
• Raw data suppliers
• Network participants such as distributors
• End consumers

The aims of doing primary research are:

• Verifying the collected data in terms of accuracy and reliability.
• To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Yacht Charter Market

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• Yacht Charter Market Analysis

YACHT CHARTER MARKET ANALYSIS

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.

• Published In : Jan 2023
• Code : CMI3902
• Pages : 130
• Formats :   Excel and PDF
• Industry : Automotive and Transportation

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.
• 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

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

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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.

About Author

Ameya Thakkar

Ameya Thakkar is a seasoned management consultant with 9+ years of experience optimizing operations and driving growth for companies in the automotive and transportation sector. As a senior consultant at CMI, Ameya has led strategic initiatives that have delivered over $50M in cost savings and revenue gains for clients. Ameya specializes in supply chain optimization, process re-engineering, and identification of deep revenue pockets. He has deep expertise in the automotive industry, having worked with major OEMs and suppliers on complex challenges such as supplier analysis, demand analysis, competitive analysis, and Industry 4.0 implementation.

Yacht Charter Market Report Snapshots

• Yacht Charter Market Size and Trends
• Yacht Charter Companies
• Yacht Charter Market Regional Analysis
• Yacht Charter Market Challenges And Opportunities
• Yacht Charter Market News

Frequently Asked Questions

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

What is the expected compound annual growth rate (cagr) of the market during the forecast period (2022-2030), based on the application, which segment held the largest market share in the market in 2021, what is the primary factor contributing towards the growth of market, which region held the largest market share in the market in 2021, who are the key players operating in the market.

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Yacht Charter Market to Reach US$ 93506.3 Mn by 2030

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Yacht Charter Market

• Report Code: 3902,
• Published on: Jan 2023,
• Format: PDF

This Report Addresses

• Market size from 2024 to 2031
• Expected market growth until 2031
• Supplier and Demand Analysis
• Detailed analysis on market Drivers, Restraints, and Future Opportunities, and Trends of the industry
• Cross sectional analysis for all the Segments, across regions and 30 countries.
• Competitive landscape comprising of Company Market Share Analysis and Snapshot of Key Players.
• In-depth analysis on financials and sustainability strategies adopted by market players.
• Analyst recommendations

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Live updates: Seven dead in 56m superyacht Bayesian sinking tragedy

Seven people have died in the Bayesian sinking disaster. These include the six missing people who were inside the yacht when it sank, as well as a seventh person who was located shortly after the disaster. The seventh person is understood to be the yacht's chef, Recaldo Thomas. The other six are:

• British tech entrepreneur Mike Lynch, once dubbed 'Britain's Bill Gates'
• Lynch's 18-year-old daughter, Hannah
• Morgan Stanley's chairman, Jonathan Bloomer
• Judy Bloomer, wife of Morgan Stanley chairman
• Chris Morvillo, a lawyer working for London-based law firm Clifford Chance
• Neda Morvillo, an American jewellery designer and Chris' wife

It is understood that the yacht was being used to celebrate Lynch's recent victory in a 13-year £8 billion fraud acquittal.

No one remembers the mast snapping before 56m superyacht Bayesian sunk, says crew

No one recalls seeing the mast snap on board the 56-metre Perini Navi sailing yacht Bayesian which sank off the Italian island of Sicily on 19 August. The eyewitness account of a crewmember on board the vessel, which was obtained by BOAT International , said that the boat was struck by a freak weather event which led to the yacht heeling at around 20 degrees to starboard. As crewmembers were securing items, the heeling angle began to increase rapidly until the yacht started taking on water and sank rapidly.

The crewmembers who were up on deck were able to evacuate the yacht with minor injuries. The yacht is understood to have sunk in just twelve minutes, and it is believed that a "major ingress" of water from the top down would have caused the sinking, according to a captain who wishes to remain anonymous. This is based on the fact that no breaches have been reported in the yacht's hull, and the fact that the yacht should have been able to remain afloat with two flooded compartments.

"Very difficult to understand what could have overwhelmed a vessel of that size" says captain of sistership

The captain of the sistership to the sunken 56-metre Perini Navi sailing yacht Bayesian has said it is "very difficult to understand what could have overwhelmed a vessel of that size" and called the 56-metre Perini Navi series "bulletproof".

David Hutchinson, captain of Rosehearty , said he had taken the yacht around the world multiple times and he had "total faith in the boat".  "We've been to Antarctica and Chile, and we've had her in 70 knots of wind," he says, and the vessel had never put them in a situation that felt unmanageable.

However, Hutchinson noted there were differences between Bayesian and Rosehearty ; notably, Bayesian's  74-metre mast, which would have been heavier and added increased windage. The yacht's layout was also different, with guest accommodation on Bayesian located further forward.

Live updates

• During a news conference on Saturday morning (24 August), prosecutors confirmed they are in the early stages of investigating a "crime hypothesis" of culpable shipwreck and manslaughter. Authorities also said the yacht likely sunk because of a downburst (powerful wind that descends from a thunderstorm), rather than a waterspout.
• A search and rescue for six missing people has concluded. The final missing person is understood to be Hannah Lynch. 
• According to Reuters, six bodies have now been found in the sunken yacht. These include Mike Lynch, a British technology entrepreneur who co-founded Autonomy Corporation and founded Invoke Capital, although Italian authorities have not confirmed this.  
• One person was found immediately after the yacht sunk, and this is understood to be the yacht's chef. 
• Lynch’s wife, Angela Bacares, and a one-year-old are among the fifteen people rescued along with Bayesian' s captain, James Cutfield.
• Another sailing vessel in the area, the 42-metre Sir Robert Baden Powell ,  stepped in to offer assistance in the initial rescue.
• Divers have been able to reach Bayesian' s sunken hull, which lies at 45 metres of depth about half a mile from the coast. The yacht had the largest aluminium masts of any sailing yacht on the water.
• Eyewitnesses in the area reported "hurricane" conditions off the coast but local weather websites did not indicate any severe squall, which suggests that the weather event was not forecast.
• At around 5am local time on 19 August, Bayesian was hit by bad weather and sunk.  The sailing yacht was anchored or idle at the time of the incident.

Built in Italy by renowned builder Perini Navi and delivered in 2008, the yacht's naval architecture was developed by Ron Holland Design while the interior design is by Rémi Tessier . She was formerly known as Salute and was last refitted in 2016. She was listed for sale earlier this year, according to BOATPro . The yacht had accommodation for nine guests and 12 crew.

BOAT International will update the story as it develops.

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UFI approval for Moscow Boat Show

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Written by Zuzana Bednarova

September 17 was marked by meeting of the UFI Executive Committee. During the event, the Committe approved the admission of Crocus Expo IEC as a full member of UFI in categories of “Exhibition Organizers” and “Exhibition Centres. Moscow Boat Show has been granted the status of “UFI Approved Event”.

Moscow Boat Show

UFI, The Global Association of the Exhibition Industry is the association of trade show organizers, fairground owners, national and international associations of the exhibition industry, and its partners. As of 2012, it has 608 members in 224 cities from 86 countries covering 6 continents. The association members are responsible for the management and operation of over 4 500 profile events. The association represents more than 1 000 000 of exhibitors and more than 150 000 000 visitors.

The Crocus Expo Exhibition Centre is a listed member of the International Association of Congress Centres (AIPC), the Russian Union of Exhibitions and Fairs, the Guild of Exhibition and Fair Operators by the Moscow Chamber of Commerce and Industry. Donald Tramp fund has awarded Crocus Expo IEC Diamond Excellence Award.

Crocus Expo IEC is an ideal venue for running of large international and national exhibitions of different profile including congress events, conferences and scientific symposiums.About 50% of all exhibition events of Moscow take place in Crocus Expo and average exposition space load comprises 85%.

Moscow Boat Show provides the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continues to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

The exposition space will increase up to 45 000 sq m in 2013. More than 350 Russian and foreign companies will participate in the show. The scale of the project confirms confident positions of its positive development.

Moscow Boat Show is the largest project in Russia presenting all the best in the world of yachting. The exhibition annually shows high level of attendance and has already proved as significant and noteworthy event in the world of yachts and boats.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "UFI approval for Moscow Boat Show".

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Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter said.

The syndicates providing insurance include Travelers Companies Inc., Navium Marine and Convex, while British Marine is the protection and indemnity (P&I) insurance provider, the sources said.

Reuters could not ascertain the value of the yacht or what the value of potential claims could be.

Update: Divers Retrieve 5th Body From Mike Lynch Yacht Sunk Off Sicily

Ships typically have P&I insurance, which covers third-party liability claims including environmental damage and injury. Separate hull and machinery policies cover vessels against physical damage.

Convex declined to comment, while OMAC, Travelers, Navium and British Marine did not immediately respond to Reuters’ requests for comment.

The British-flagged superyacht was carrying 22 people and anchored off the port of Porticello when it was hit by a fierce, pre-dawn storm on Monday. Fifteen people managed to escape the yacht before it capsized.

Four bodies were found on Wednesday aboard the sunken wreck of the yacht belonging to the wife of British tech magnate Mike Lynch, sources close to the rescue operation told Reuters.

Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks

The global yacht insurance market has faced significant challenges in recent years, largely due to natural disasters like Hurricane Maria in 2017 and Hurricane Ian in 2022, which devastated numerous charter bases and hundreds of yachts.

In response, insurers have increased rates and reevaluated their guidelines and risk appetite. Insured losses in the market have mostly stemmed from hurricanes, severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh .

(Reporting by Noor Zainab Hussain and Manya Saini in Bengaluru; editing by Michelle Price and Sandra Maler)

Photograph: Italian firefighters scuba divers are docked at the harbor of Porticello, southern Italy, Tuesday, Aug. 20, 2024, as rescue teams returned to the site of a storm-sunken superyacht to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

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Everything We Know About the Luxury Yacht Sinking in Sicily, Killing 7 on Celebratory Trip

The key unanswered question remains — how did this happen?

PERINI NAVI PRESS OFFICE/HANDOUT/EPA-EFE/Shutterstock

What started out as a celebration on a luxury yacht off the coast of Sicily ended in tragedy on Monday, Aug. 19, when the craft — the 183-foot-long Bayesian — is said to have sunk quickly into the waves of the Tyrrhenian Sea after what the Italian coast guard called a “violent storm.”

Twenty-two people were aboard, including 12 passengers and 10 crew, authorities have said.

Fifteen people were soon rescued after the Bayesian sank. By Friday, Aug. 23, following complicated and protracted search and rescue efforts , the bodies of all seven victims had been found, sources told PEOPLE.

Among the dead were British tech tycoon Mike Lynch and his daughter Hannah.

Here’s what to know about the tragedy, as Sicilian officials are expected to share more information this weekend.

What is the Bayesian yacht?

Built in 2008 by Perini Navi, with a much lauded interior designed by Rémi Tessier and naval architecture by Ron Holland, the luxury vessel was refitted in 2020 and included six suites for as many as 12 passengers, plus quarters for 10 crew — the size of the traveling party this week when the yacht sank.

It has previously gone by the name Salute . But Bayesian appears to be a nod to Lynch’s career, referring to a kind of mathematical modeling used in his software company Autonomy.

Notably, the Bayesian has been touted as having the world’s “largest aluminum mast” at some 246 feet.

Other features included specific design elements to “favor alfresco entertainment” outdoors, such as a large covered saloon, as one charter company put it. And the interior was intended to “create familiar, pure, and natural atmospheres,” according to the charter description. Past photos show rooms bedecked in warmly lit neutrals and cream colors.

Where was the Bayesian yacht when the storm hit?

According to the Italian coast guard, the Bayesian was off the coast of Porticello in Sicily, on the northern tip of the island, when disaster struck on Aug. 19.

A source close to the survivors previously told PEOPLE that the passengers were celebrating after Lynch, labeled in headlines as Britain's "Bill Gates," was acquitted in June in a financial fraud trial in the U.S. that was related to selling his software company Autonomy for $11 billion to Hewlett Packard in 2011.

“That's why he took his closest friends and colleagues on the trip,” the source said.

Lynch himself reflected on how his life had changed after coming out of the shadow of his legal troubles. He told The Sunday Times in the U.K. in late July that he felt like he'd been given a "second life."

But "the question is," he said then, "what do you want to do with it?”

Who was on the yacht before it sank?

The 12 passengers included Lynch, his daughter Hannah and his wife, Angela Bacares; Chairman of Morgan Stanley International Jonathan Bloomer and his wife , Judy Bloomer; New York City-based lawyer Christopher Morvillo and his wife, jewelry designer Neda Morvillo; Charlotte Golunski , her partner, James, and daughter Sophie and Ayla Ronald , a colleague at Christopher Morvillo’s law firm.

The BBC reports that Ronald was also with her partner.

The 10 crew members included cook Recaldo Thomas , who was among the seven victims who died, as well as the captain, reportedly named James Cutfield, and others. According to The New York Times , one of the deck stewards was a 19-year-old South African native on his first such voyage.

HANDOUT/Vigili del Fuoco/AFP via Getty

Who was rescued from the yacht?

Bacares, Ronald and her partner, Golunski and her family and nine of the crew members survived the sinking. The coast guard has said that some of them were “initially rescued by a boat in the immediate vicinity.”

Karsten Borner was the captain of the nearby boat and said he saw the yacht sink quickly.

"It all happened in really little time," he told Italian news outlet Rai, according to the BBC.

“The storm was over. We noticed that the ship behind us was gone,” Borner told the BBC. “And then we saw a red flare, so my first mate and I went to the position and we found this life raft drifting [with] 15 people inside."

ALBERTO PIZZOLI/AFP via Getty

Who died in the sinking?

Italian authorities have not yet publicly named all seven victims, though a government official told Reuters that Lynch was among the dead and the chef’s body was also identified to PEOPLE and other outlets by local sources involved in the investigation.

Five other passengers were initially described as missing, and five more bodies have since been found in the wreck, sources said: Lynch’s daughter Hannah; Jonathan and Judy Bloomer and Christopher and Neda Morvillo.

Simon Dawson/Bloomberg via Getty

FAMILY HANDOUT/EPA-EFE/Shutterstock

Why did the Bayesian sink?

This has emerged as perhaps the key question in the tragedy , and the answer remains unclear.

One theory is that the boat capsized after being struck by a waterspout (which refers to a tornado over the water), though there may have been more factors at play that contributed to the sinking. 

"The dynamics aren't clear — lightning, mini tornado, water spout, it's not clear exactly what happened," one person close to the search efforts tells PEOPLE. "The most likely hypothesis is that the cause was indeed a tornado that began at land and then sped out off coast and became a waterspout at sea with a speed of more than [180 miles] per hour, to the point that it managed to practically sink the ship whilst causing minimum damage to both the mast and the hull."

"Eyewitnesses said the boat went down in minutes," this person adds.

The source says the vessel’s upper hatches could have been open at the time of the disaster, which would have caused the boat to quickly fill up with water. The source also says that large amounts of water may have flowed onto the ship through the hatches as the vessel rocked back and forth during the storm.

“This would be the only thing that could cause the hull to rear up which, as several survivors told the investigators, made the ship sink in literally 60 seconds​​​​​​​​​​​​​​,” the source says.

Patrick McMullan/Patrick McMullan via Getty

Another factor that could have caused the yacht to lose stability was its movable keel, which is an underwater blade designed to help keep boats upright and prevent them from swaying back and forth, the source close to the investigation tells PEOPLE.

They say that the 30-foot keel was allegedly retracted to about 13 feet when the storm hit, while natural experts say it would have been strange to retract the keel at that location if the crew knew bad weather was approaching.

The boat’s 236-foot mast may also have played a role in allowing the boat to rock, similar to a pendulum.

"This episode sounds like an unbelievable story, both technically and as a fact," Giovanni Costantino — who leads The Italian Sea Group, the company that now owns Perini Navi, which built the Bayesian in 2008 — said, according to CNN .

Speaking with PEOPLE, Costantino was more circumspect.

“I obviously can't say for certain [what happened],” he says, “but what I'm sure of is that the only reason a sailboat, especially one with Perini Navi technologies installed, could sink is if it fills with water."

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Read the original article on People .

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Yacht insurance provider OMAC is hull carrier for sunken yacht in Sicily, sources say

Rescue boats return to Porticello harbor near Palermo, after they found two bodies, on Aug. 21, two days after the British-flagged luxury yacht Bayesian sank. ALBERTO PIZZOLI/AFP/Getty Images

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-metre-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter said.

The syndicates providing insurance include Travelers Companies Inc, Navium Marine and Convex, while British Marine is the protection and indemnity (P&I) insurance provider, the sources said.

Reuters could not ascertain the value of the yacht or what the value of potential claims could be.

Ships typically have P&I insurance, which covers third-party liability claims including environmental damage and injury. Separate hull and machinery policies cover vessels against physical damage.

Convex declined to comment, while OMAC, Travelers, Navium and British Marine did not immediately respond to Reuters’ requests for comment.

The British-flagged superyacht was carrying 22 people and anchored off the port of Porticello when it was hit by a fierce, pre-dawn storm on Monday. Fifteen people managed to escape the yacht before it capsized.

Four bodies were found on Wednesday aboard the sunken wreck of the yacht belonging to the wife of British tech magnate Mike Lynch, sources close to the rescue operation told Reuters.

The global yacht insurance market has faced significant challenges in recent years, largely due to natural disasters like Hurricane Maria in 2017 and Hurricane Ian in 2022, which devastated numerous charter bases and hundreds of yachts.

In response, insurers have increased rates and reevaluated their guidelines and risk appetite. Insured losses in the market have mostly stemmed from hurricanes, severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.

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