The Yacht Charter market in the U.S. is estimated at US$1.8 Billion in the year 2020. The emergence of high net worth individuals, which is the primary customer base, has increased to 22.4 million in 2018, which is nearly 2% higher than that of 2017. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Also, in certain European countries, 79-ft (24-m) is the cutoff point above which it is mandatory to have a permanent crew on board, therefore demand for a yacht of length more than 79ft will also boost the segment growth. The increasing demand for chartering large yachts among millennial will encourage growth in the market. online dashboard trial. However, increasing online portals has proved to be a beneficial platform across the globe. Factors, such as ease of checking availability and booking yacht online through online platforms are anticipated to attract a higher number of customers during the forecast period. Some of the major players in the … The new motor yacht has a sleek and modern design with spacious and stylish interiors by famous studio Redman Whiteley Dixon. The yacht charter market is anticipated to register a CAGR of about 4% during the forecast period (2020 - 2025).A yacht charter provides an easy and convenient way to enjoy a long holiday with family and friends without actually owning any yacht. Yachts length below 20ft and 20ft to 50ft segment can be used for both recreational as well as personal purposes. All interactions are confidential. Also, rising number of promotional events, growing number of yacht service providers, and increasing availability are some of the factors supporting the growth of the market. We stand by our report quality. Avail customized purchase options to meet your exact research needs. Additionally, low maintenance, shallow draft for water anchorages capability, and lower moorage cost making it a preferred choice for the end-users. Automotive Tire Market to 2021: Latest Industry Trends and Demand, Insights and Forecast 2027 Yacht Charter Market Size Industry Analysis, Size, Trends, Growth And Outlook 2024 Analysis of COVID-19 Crisis-driven Growth Opportunities in Caster wheels Market You might also like. Europe dominates the market in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. Design an exclusive study to serve your research needs. Report Overview The global yacht charter market size was valued at USD 6.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. Rising participation of people in competitive and recreational boating activities across the globe is expected to boost the market. For instance, in January 2020, the French Tax Authorities released an Official Tax Bulletin (BOFIP BOI-TVA-CHAMP-20-50-30-20200129) with some new rules which will be affecting charter contracts signed after March 30th, 2020. This report is an essential reference for who looks for detailed information on Global Yacht Sales and Charter market 2020 To 2025. Customer Relationship Management Market … Regionally, Mediterranean is expected to retain its dominance in the market. Countries such as Croatia, Morocco, and the U.S. have witnessed active participation of adults in sporting and recreational boating events boosting the demand. Additionally, the crew is also required on yacht for technical maintenance such as engine oiling and other system inspections for the smooth functioning of the vessel systems. 10 most common mistakes in the yacht charter business. Please wait while we are processing your request... Yacht Charter Market Size & Trends Analysis Report, 2020-2027. Yacht Charter In New York. Despite the high Total Cost of Ownership (TCO) associated with personal yacht, the marine travel and tourism activities have not been much affected owing to the easy availability of yacht chartering. We never share your personal data. According to a recent report published by Allied Market Research, titled, “Yacht charter Market by Type, Size, and Application: Opportunity Analysis and Industry Forecast, 2020–2027”, the global yacht charter market … Also, with the increasing popularity as a luxury good, the participants are investing in yachts updating and crew training for enhanced traveling experience for the consumers. In the Mediterranean, the company added 35 catamarans and 48 monohulls and along with that, there are 195 yachts scheduled for delivery in 2020.North America and Europe Is Expected to Lead the MarketNorthern American yachting season is from May to October, whereas in South America it runs from January to September. The report covers data on global markets including historical and future trends for supply, market … Rising popularity of recreational activities supported by the increasing participation in marine recreational activities in countries such as Australia, China, Thailand, Indonesia, and Singapore is also expected to bolster the regional growth. High preference for spending quality time during a short vacation in exceptional and remarkable accommodations has increased the adoption of crew-yacht over the years. Also, factors such as the growing popularity of water adventures and fishing activities and the increasing number of high-net-worth individuals s expected to drive the regional market over the forecast period. The online booking platforms are also expected to decrease the operational cost per booking, since, online reservation portal/software comes with considerably lower startup costs as compared to setting up a conventional physical office location. Electric Vehicle Charging Cables Market Size Is Predicted To Reach $1.25 Billion By 2027. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. Yacht Charter Market was valued at USD 15.3 Billion in 2019 and is projected to reach USD 24.8 Billion by 2027, growing at a CAGR of 6.2 % from 2020 to 2027.. Shifting preference towards marine tourism and voyages has also fueled the demand for the crew that is familiar with the navigational routes. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...", Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Yacht Charter Market Size And Forecast. The Global Yacht Charter Market report provides a holistic evaluation of the market … This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends for each of the sub-segments from 2016 to 2027. Super Yacht Market Study 2014. The companies are expanding their presence by increasing their fleet size and tapping in new and unexplored markets. Plastic Market Size Worth $722.6 Billion By 2027. Some key players operating in the yacht charter market include Beneteau S.A; Sunseeker International Ltd.; The Moorings Limited; Camper & Nicholsons International Ltd.; Sunsail Worldwide Sailing Ltd.; Argo Nautical Limited; Kiriacoulis Mediterranean Cruises Shipping S.A.; Boat International Media Ltd.; Yachtico Inc.; and Fraser Yachts Florida Inc. b. "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)", https://www.researchandmarkets.com/r/5ojz8i. This growth can be attributed to the high demand for motor-yacht for personal as well as recreational activities in countries across the globe, especially in the Mediterranean region. For instanceIn April 2020, MYSEA announced that it has been appointed as the Global Charter Central Agent for the M/Y FLEUR yacht. Europe emerged as the largest regional market in 2019 and is expected to continue leading over the forecast period. The segment below 20ft is expected to hold the second position after 20ft to 50ft segment in terms of both year-on-year growth as well as market share in the forthcoming years. Get your queries resolved from an industry expert. Which segment accounted for the largest yacht charter market share? The global yacht charter market size was estimated at USD 6.5 billion in 2019 and is expected to reach USD 6.8 billion in 2020. b. Furthermore, high-net-worth individuals are squeezing in more travel itineraries into shorter time frames. Along with that, it has also added 55M / 180' STEEL from Pendennis which is an explorer yacht with features such as hot tub on the spacious sun deck.Along with the addition of new yachts in the fleet charter companies have invested huge amounts for upgrading their fleet. The VAT will be charged at a 20% rate when the yacht is sailing in EU water bodies, and there will be no VAT while sailing in international waters. The yacht charter market is expanding rapidly, as it is a more cost-effective solution than ownership, and chartering a yacht saves year-round maintenance costs. What are the factors driving the yacht charter market? DUBLIN, Jan. 18, 2021 /PRNewswire/ -- The "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.. Who are the key players in the yacht charter market? In Asia-Pacific, Japan dominated the yacht charter market in 2018, whereas … The length of the yacht ranges from 35 ft to 180ft. This segment is also expected to exhibit the fastest growth over the forecast period. Also, the growing trend of luxury travel is expected to create growth opportunities for the global market in the near future. b. The demand for yacht charter has increased significantly over the last few years owing to the booming tourism sector, rising disposable income, and inclination of people towards recreational and leisure activities. … The yacht crew is a crucial element in making a good holiday to a vacation, of which customers talk about forever. As market innovators, Richard and Simon continually develop and enhance TheYachtMarket, welcoming feedback directly from its members – yacht brokers, private sellers and boat buyers – to ensure it … The yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. Addition or alteration to country, regional & segment scope. We are in compliance with GDPR & CCPR norms. The study further presents conclusive data referring to the commercialization aspects, industry size and profit estimation of the market. Whether it's a Wedding Cruise out of NYC or New Jersey, a New York Harbor Corporate Yacht Charter… Similarly, Europe preferred as on of the top destination for marine culture, particularly northern Europe has a very rich culture of yacht charters, countries such as England, Ireland, Scotland, Denmark, Norway, Sweden, Germany, and Russia, have the presence of a variety of options to choose from crewed yachts, luxury yachts, and motor yachts. The yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. Countries, such as Greece, Croatia, and Turkey, which are among the most popular tourist destinations, hold the majority of the regional revenue share. Florida has one of the largest gatherings of private superyachts. Owing to this outbreak the market is anticipated to witness steady growth in the near future. Crewed charter contract type emerged as the leading segment in 2019 and accounted for over 70% revenue share. b. 1 . The growth of less than 20 ft segment is owing to easy availability at affordable charges and low maintenance requirements. Furthermore, growing corporate tourism activities is also expected to significantly contribute to support the demand. Among yacht types, the market will witness high growth in motor yacht … The yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. A majority of yacht charter customers are … Currently, offline yacht charter bookings are substantially high. Moreover, it has been observed yacht chartering is highly preferred among the younger generations. Yacht charter firms not only offer the yacht but in addition to that, they will provide the best itinerary as per the requirements of the customers, with captain and crew along with online or on-call support till total charter duration.In the total cost of yacht charter, the yacht is one of the major factor. 1 . As majority of young high net worth customers prefer celebrating events such as weekend parties, birthdays and anniversary in charted yacht as vacations. The demand is driven by the advantages of this type, such as power and speed, and the ability to cover greater distances in less time. The high growth can be attributed to factors such as availability of variants, which also includes a vessel having wind sailing capabilities that help save fuel and ensure traveling in favorable wind direction. However, recently the outbreak of Covid-19 has affected the GDPs of various countries such as China, South Korea, and Italy. Market Study Report LLC delivers significant information and realistic data of the Global Yachts Charter Market via this newly added research in its database. For the purpose of this study, Grand View Research has segmented the global yacht charter market report on the basis of yacht type, yacht length, contract type, and region: Yacht Type Outlook (Revenue, USD Million, 2016 - 2027), Yacht Length Outlook (Revenue, USD Million, 2016 - 2027), Contract Type Outlook (Revenue, USD Million, 2016 - 2027), Regional Outlook (Revenue, USD Million, 2016 - 2027). The service providers can earn more profit by synchronizing their offline efforts with online portals. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. This website is secure and your personal details are safe. The growing preference among travelers for luxury marine tourism and personalized services are the primary factors that are fueling the growth. The initiatives, such as Incredible India and Swadesh Darshan Scheme in India are expected to fuel the growth. Many superyachts are also available for charter along with explorer/expedition yachts. Key Topics Covered: 1 INTRODUCTION2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Industry Attractiveness - Porter's Five Forces Analysis5 MARKET SEGMENTATION5.1 By Charter Type5.1.1 Bareboat5.1.2 Cabin5.1.3 Crewed5.2 By Yacht Source5.2.1 Sailing Yacht5.2.2 Motorboat Yacht5.2.3 Others5.3 By Geography6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Dream Yacht Charter6.2.2 Yachtico6.2.3 Asta Yachting6.2.4 OceanBLUE Yachts Ltd.6.2.5 Simpson Marine6.2.6 Ocean Independence6.2.7 Imperial Yachts6.2.8 Northrop and Johnson6.2.9 Y.CO6.2.10 Burgess 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/5ojz8i. The “Yacht Charter Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.. Thus, increasing disposable income of the individuals is anticipated to have a positive influence on the global market. A yacht charter … The motor-yacht segment is also expected to emerge as the fastest-growing segment during the forecast period. Have the time of your life … As long as any boat is in EU waters it is fully subjected to VAT.Competitive LandscapeThe yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. New York Yacht Sales operates a fleet of vessels that are available for charter. The global yacht charter market size was valued at USD 6.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. Transparency Market Research has published a new report on the global yacht charter for the forecast period of 2019–2027.According to the report, the global yacht charter market is projected to reach ~US$ 25.5 Bn by 2027, expanding at a CAGR of ~7% during the forecast period.. The market participants are investing in improving infrastructures such as online booking portals, websites, and marine satellite connectivity for onboard connectivity and entertainment. The improved standard of living owing to a rise in disposable income is a critical factor responsible for the changing consumer preference. The yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. Copyright © 2021 Grand View Research, Inc. All rights reserved. Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. Explore purchase options. We've set up our website as a virtual brochure of yachts based on guest count and yacht size to make it simple. Beneteau S.A; Sunseeker International Ltd.; The Moorings Limited; Camper & Nicholsons International Ltd.; Sunsail Worldwide Sailing Ltd.; Argo Nautical Limited; Kiriacoulis Mediterranean Cruises Shipping S.A.; Boat International Media Ltd.; Yachtico Inc.; and Fraser Yachts Florida Inc. Free report customization (equivalent up to 8 analysts working days) with purchase. The report presents a deep study of the market growth factors and drivers, In-depth research of the Yachts Charter … View ALL superyachts available to rent, get expert advice from our comprehensive destination guides and be inspired by our bespoke superyacht … The rising popularity of yacht booking for corporate and anniversary parties is expected to boost the demand in the near future. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 … Increasing demand for recreational activities, tournaments, and product sales on account of rising affinity for outdoor recreational activities are the factors expected to support the growth. The Luxury Yacht Charter Marketplace Find and book your dream yacht through YachtCharterFleet, the world's leading luxury yacht charter comparison site. The 20 to 50 ft segment dominated the yacht charter market in 2019. Summer season mainly from May to about September is the best time to charter a yacht in Europe.Many countries are reforming their rules and tax regulation which is affecting the yacht charter market. This hike is expected to impact the market positively. The yacht charter market is anticipated to register a CAGR of about 4% during the forecast period (2020 - 2025). The yacht charter market is expected to register a significant CAGR during the forecast period, owing to rise in number of younger customers, who want to experience sailing holidays, booking yachts. Yacht Charter Market Size, Future Growth & Latest Industry Trends By 2027. Furthermore, government initiatives for the development of tourism activities in countries such as India and China are anticipated to drive the growth. It has two coastal borders one in the Atlantic and other in the Gulf of Mexico and it holds around 30,000 lakes. Global Yacht Charter Market… This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. The increasing wealth of people has been observed as an evident trend is significantly contributing to the demand. The yachts charter … A newly launched yacht along with experienced and popular charter crew will definitely cost higher and also if the yacht has any history of celebrity ownership.Different charter companies offer different programs in which any yacht owner can contract its unused yacht to any charter company that can maximize the charter potential of the yacht, which in turn will create a new revenue source for the yacht owner.Key Market TrendsIncrement in Fleet Size is Driving the MarketVarious yacht charter companies are adding new yachts for staying ahead from their competitors as various charter companies have contracts with the yacht manufacturer that the new yacht being launched will be first provided to them for chartering. This report has a service guarantee. Additionally, motor-yachts can also sail in shallow-draft, offering its guests a chance to navigate almost any archipelago or coastline, regardless of whether the passage is narrow, or the water is shallow. After you've browsed through, PLEASE CALL US at 1-888-755-2628. The global yacht charter market is expected to rise at a CAGR of 5.6% between 2019 and 2029. Some of the major players in the market are Burgess, Northrop & Johnson, Dream Yacht Charter, amongst others. Yacht Charter Market Outlook 2021-2027: The global yacht charter market was valued at $15,205.24 million in 2018, and is projected to reach $27,793.57 million by 2027, registering a CAGR of 15.0%. Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) -- The "Yacht Charter Agencies Report & Database 2021 - Expert Checked Yacht Charter Agencies Worldwide" report has been added to ResearchAndMarkets.com's offering. Request discounts available for Start-Ups & Universities. This is attributable to high number of high-net-worth individuals and growing popularity of water adventures & fishing activities in the region. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. The market participants are also focusing on improving the yachting experience for their customers. The market is highly driven by rising inclination towards luxury … The global yacht charter market is expected to grow at a compound annual growth rate of 5.2% from 2020 to 2027 to reach USD 9.7 billion by 2027. b. Europe dominated the yacht charter market with a share of 46% in 2019. Key factors that are driving the market growth include growing preference among travelers for luxury marine tourism and growing participation of people in competitive and recreational boating activities. In order to capture a greater market share, the key players adopting strategies such as entering into collaboration, making investments to update legacy yachts, engaging in mergers and acquisitions. The ‘Luxury Yacht Charter Market’ study added by Reports web, exhibits a comprehensive analysis of the growth trends present in the global business scenario. The Yacht Market Analysis 2017-2018 and … this seven-stateroom superyacht can accommodate 12 guests and have exceptional features such as elevator access up to three decks and a great range of water sport toys. Dublin, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. Also, substantial growth in luxury marine tourism in the recent past is expected to boost the segment over the forecast period. The growing … Privacy Policy. Sign up today for your free Reader Account. Some of the prominent players in the yacht charter market include: Kiriacoulis Mediterranean Cruises Shipping S.A. Revenue in USD million/billion and CAGR from 2020 to 2027, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Yacht type, yacht length, contract type, and region, North America; Europe, Asia Pacific, Latin America: and MEA, U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Singapore; Japan; South Korea; Brazil; Mexico. For instanceIn 2019, Sunsail has announced that it has invested around pound sterling 3.75 million for the addition of many new yachts in its fleet such as 15 Sunsail 41.0 yachts in 2020, and further 10 yachts next year.Similarly in 2019, Dream Yacht Charter has announced that it has made approximately pound sterling130 million investments in its fleet globally. The motor-yacht segment dominated the market in 2019 and expected to retain its dominance throughout the forecast period. © 2021 GlobeNewswire, Inc. All Rights Reserved. 1 . Yacht Charter Market Analysis. Some of the major players in the … Our support available to help you 24 hours a day, five days a week. Please fill out the form below for a free PDF report sample & Yacht charter market was valued at US$ 9.85 Bn in 2017 and set to grow with a CAGR of 5.4% throughout the forecast period from 2018 to 2026. For instance,In May 2020, Ocean Independence announced that it has added 44m Burger motor yacht PURE BLISS to its charter fleet. This new yacht has various premium features such as Outdoor cinema, 2 jacuzzis, retractable roof, and many more.Similarly, In March 2020, Motor Yacht RANIA42M / 137'10" Benetti is being added to the Fraser Charter fleet. Also, the emerging trend in developed economies of Europe and North America region for using renewable energy sources such as wind energy and solar energy in marine vessels is most likely to play an important role in propelling the demand for less than 20 ft since less than 20 ft yacht require less energy for propulsion. 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