IMARC Group, a leading market research company, has recently releases report titled “Yacht Charter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The report offers a comprehensive analysis of the industry, which comprises insights on the global yacht charter market analysis. The global yacht charter market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
A yacht charter refers to the rental or hire of a yacht, which is a luxurious and privately-owned boat used for leisure purposes. It comprises a professional crew, including a captain, chef, stewardesses, and other crew members, to cater to the needs of the guests during the trip. It allows individuals, families, or groups to experience the thrill and exclusivity of sailing on the open waters without the responsibility of owning and maintaining the vessel themselves. It is primarily used for leisure and recreational activities, providing a unique and luxurious way to explore coastal destinations and remote islands.
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Yacht Charter Market Trends and Drivers:
At present, the increasing demand for yacht charters for corporate retreats and team-building exercises, offering a conducive environment for brainstorming, networking, and relaxation, represents one of the vital factors impelling the growth of the market. Besides this, the rising popularity of yacht charters, as they offer unparalleled luxury, comfort, and privacy for those seeking an exclusive and memorable vacation, is supporting the growth of the market. In addition, the growing availability of customizations by charters to tailor the experience according to the preferences of clients and offer unparalleled luxury, comfort, and privacy for those seeking an exclusive and memorable vacation is offering a favorable market outlook.
Competitive Landscape with Key Player:
- Boat International Media Ltd
- Boatsetter Inc.
- Kiriacoulis Mediterranean
- MarineMax Inc
- Martello Yachting & Company
- Nautal (Click&Boat)
- OceanBlue Logistics Limited
- Sunsail Limited (TUI Group)
- Sunseeker International Ltd.
- The Moorings
- YACHTICO INC.
- Zizooboats GmbH.
Yacht Charter Market Report Segmentation:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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