Global Yachts Charter Market

1
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. Base
d 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 Small Medium Large Global Yachts
Charter Market, by Consumer type Corporate
Retail Global Yachts Charter Market, by Region
North America Europe Asia Pacific Middle
East and Africa South America Key players
operating in the Global Yachts Charter 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 This Report Is
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