Global Yachts Charter Market – Industry Analysis and Forecast (2018-2026)
Added: (Fri Jun 07 2019)
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Global Yachts Charter Market is expected to reach US$ 19.1Bn by 2026 from US$ 9.13Bn in 2017 at CAGR of 9.6%.
Global yachts charter market is highly driven by a rising inclination towards luxury cruising worldwide. This further complemented by consistently growing number of high net worth individuals globally. An increasing quantity of promotional programs promoting yachts, technological developments, rising several online yacht service providers, increasing number of yachts accessible on rent are some of the most important aspects which will propel the development of the global yachts charter market in the upcoming future. Moreover, the global yachts charter service market has experienced considerable adoption, particularly from the younger population. Most of the young consumers are usually first-time boaters, who frequently celebrate programs such as weekend and birthday parties especially in the form of yacht holidays.
Restraint factor of the market is cost. In general, those who are able to choose their own privately chartered yachts choose extravagant ones. Location is another possible restraint to chartering own private yacht. While there are yacht chartering companies that operate in a number of different areas, many of their yachts stay in similar locations.
Based on the yachts type, Motor yachts segment led the overall global yacht charter market in 2017. The segment contributed to over 75% of the total market value generated worldwide. Despite the exotic experience offered by sailing yachts, motor yachts are normally more preferred over the counterparts. This is primarily owing to a higher speed, power, space and luxury offered by motor yachts as compared to sailing yachts. Motor yachts have more space for entertainment, bigger cabins and usable deck space. Additionally, they are easier to operate as compared to sailing boats.
In terms of region, Europe dominated the overall yacht charter market worldwide with market share, in terms of value, of nearly 54% in 2017. The European market is principally governed by Mediterranean countries as Greece, Croatia, Italy, Spain and France among others in the region. Moreover, the U.K., Germany and some of the Nordic countries to form major markets for yacht chartering business. The yachts charters market growth in Europe is primarily supported by favourable climate and spectacular natural beauty. Moreover, the region is home to the 2nd highest number of high net worth individuals worldwide.
Key players operating in the global yachts charters market, Boat International Media Ltd, Boatbookings.com, Camper & Nicholsons International Ltd., Charterworld Ltd., Collaborative Boating, Inc., Cosmos Yachting Ltd., Dream Yacht Charter SARL, Fairline Yachts Ltd., Fraser Yachts, Kiriacoulis Mediterranean Cruises Shipping SA, Le Boat, Nigel Burgess Ltd., Northrop & Johnson, Inc., Sailogy SA, Sunsail, Inc., The Moorings, Yachtico, Inc., Zizooboats GmbH.
Scope of the Global Yachts Charter Market
Global Yachts Charter Market, by Yachts type
• Sailing Yachts
• Motor Yachts
• Catamaran Yachts
Global Yachts Charter Market, by Yachts size
Global Yachts Charter Market, by Consumer type
Global Yachts Charter Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Yachts Charter Market
• Boat International Media Ltd.
• Camper & Nicholsons International Ltd.
• Charterworld Ltd.
• Collaborative Boating, Inc.
• Cosmos Yachting Ltd.
• Dream Yacht Charter SARL
• Fairline Yachts Ltd.
• Fraser Yachts
• Kiriacoulis Mediterranean Cruises Shipping SA
• Le Boat
• Nigel Burgess Ltd.
• Northrop & Johnson, Inc.
• Sailogy SA
• Sunsail, Inc.
• The Moorings
This Report Is Submitted By @Global Market Research Company
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