Product Code: A02553
According to a new report published by Allied Market Research, titled, "Yacht Charter Market," The yacht charter market was valued at $11.4 billion in 2022, and is estimated to reach $20.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032.
The growth of the yacht charter market is driven by the increasing number of private islands on cruise itineraries, use of alternative source of energy & improvised purchasing power across the globe and increase in number of high-net-worth individuals. Furthermore, the increase in the demand for leisure activities due to a rise in disposable income and hectic lifestyles. The ease of booking a yacht has led to a rise in the popularity of yacht vacations among the youth to celebrate events in luxury, which is estimated to boost the market growth. Natural calamities and high costs associated with yacht charter are the key restraining factors of this market. Moreover, increased involvement of intermediaries & hybrid business models, rapid changes in yacht infrastructure and yacht tourism are estimated to boost the demand for yachts charter in the upcoming years. In addition, the rising popularity of boats and the increasing preference for luxurious & large-sized yachts that can accommodate large groups will further propel the market growth in the forecast period.
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.
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 players operating in the global yacht chartering 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 Market Insights
- By size, the small (Up to 30m) segment dominated the global market and is estimated to reach $ 9701.5million by 2032, with a CAGR of 7.3%.
- By type, the motor yacht segment was the highest revenue contributor to the market, with $ 15434.2 million in 2035, with a CAGR of 6.6%.
- By application, the vacation/ leisure segment was the highest revenue contributor to the market, with $ 9949.1 million in 2035, with a CAGR of 7.3%.
- By region, Europe is the highest revenue contributor, accounting for $ 10808.3 million in 2035, with a CAGR of 6.7% during the forecast period.
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.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Investment Opportunities
- Technology Trend Analysis
- Brands Share Analysis
Key Market Segments
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
By Region
- North America
- Europe
- Germany
- UK
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Boatsetter, Inc.
- SAILOGY S.A.
- Northrop & Johnson
- IYC
- ZIZOOBOATS GmbH
- Yachtico, Inc.
- MARTELLO YACHTING & COMPANY
- Ionian Catamarans
- Boatjump, S.L.
- West Coast Marine Yacht Services Pvt. Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth of water sports and recreation activities
- 3.4.1.2. Increasing number of private islands on cruise itineraries
- 3.4.2. Restraints
- 3.4.2.1. High cost associated with yacht charter
- 3.4.2.2. Weather and safety concerns associated with yacht charter
- 3.4.3. Opportunities
- 3.4.3.1. Increased involvement of intermediaries & hybrid business models
- 3.4.3.2. Change in yacht infrastructure
CHAPTER 4: YACHT CHARTER MARKET, BY SIZE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Small (Up to 30m)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Medium (30m-50m)
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Large (Over 50m)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: YACHT CHARTER MARKET, BY TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Motor Yacht
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Sailing yacht
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Other yacht
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: YACHT CHARTER MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Vacation/ Leisure
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Sailing
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: YACHT CHARTER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by SIZE
- 7.2.3. Market size and forecast, by TYPE
- 7.2.4. Market size and forecast, by APPLICATION
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by SIZE
- 7.2.5.1.2. Market size and forecast, by TYPE
- 7.2.5.1.3. Market size and forecast, by APPLICATION
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by SIZE
- 7.2.5.2.2. Market size and forecast, by TYPE
- 7.2.5.2.3. Market size and forecast, by APPLICATION
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by SIZE
- 7.2.5.3.2. Market size and forecast, by TYPE
- 7.2.5.3.3. Market size and forecast, by APPLICATION
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by SIZE
- 7.3.3. Market size and forecast, by TYPE
- 7.3.4. Market size and forecast, by APPLICATION
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by SIZE
- 7.3.5.1.2. Market size and forecast, by TYPE
- 7.3.5.1.3. Market size and forecast, by APPLICATION
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by SIZE
- 7.3.5.2.2. Market size and forecast, by TYPE
- 7.3.5.2.3. Market size and forecast, by APPLICATION
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by SIZE
- 7.3.5.3.2. Market size and forecast, by TYPE
- 7.3.5.3.3. Market size and forecast, by APPLICATION
- 7.3.5.4. Russia
- 7.3.5.4.1. Market size and forecast, by SIZE
- 7.3.5.4.2. Market size and forecast, by TYPE
- 7.3.5.4.3. Market size and forecast, by APPLICATION
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by SIZE
- 7.3.5.5.2. Market size and forecast, by TYPE
- 7.3.5.5.3. Market size and forecast, by APPLICATION
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by SIZE
- 7.4.3. Market size and forecast, by TYPE
- 7.4.4. Market size and forecast, by APPLICATION
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by SIZE
- 7.4.5.1.2. Market size and forecast, by TYPE
- 7.4.5.1.3. Market size and forecast, by APPLICATION
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by SIZE
- 7.4.5.2.2. Market size and forecast, by TYPE
- 7.4.5.2.3. Market size and forecast, by APPLICATION
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by SIZE
- 7.4.5.3.2. Market size and forecast, by TYPE
- 7.4.5.3.3. Market size and forecast, by APPLICATION
- 7.4.5.4. Rest of Asia-Pacific
- 7.4.5.4.1. Market size and forecast, by SIZE
- 7.4.5.4.2. Market size and forecast, by TYPE
- 7.4.5.4.3. Market size and forecast, by APPLICATION
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by SIZE
- 7.5.3. Market size and forecast, by TYPE
- 7.5.4. Market size and forecast, by APPLICATION
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by SIZE
- 7.5.5.1.2. Market size and forecast, by TYPE
- 7.5.5.1.3. Market size and forecast, by APPLICATION
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by SIZE
- 7.5.5.2.2. Market size and forecast, by TYPE
- 7.5.5.2.3. Market size and forecast, by APPLICATION
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by SIZE
- 7.5.5.3.2. Market size and forecast, by TYPE
- 7.5.5.3.3. Market size and forecast, by APPLICATION
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Boatsetter, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
- 9.2. MARTELLO YACHTING & COMPANY
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. SAILOGY S.A.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Northrop & Johnson
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. ZIZOOBOATS GmbH
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. IYC
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Ionian Catamarans
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. West Coast Marine Yacht Services Pvt. Ltd.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Yachtico, Inc.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Boatjump, S.L.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio