Yacht Charter Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

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The Yacht Charter Market size is forecast to reach $ 14.98 billion by 2025 growing at a CAGR of 6.2% during the forecast period 2020-2025. Growing interest towards leisure activities such as sailing and growing number of tourism are envisioned to be the dynamic factor behind the rapid growth of yacht charter market across the globe. Moreover, advance booking methods are allowing consumers to book yacht while booking flights tickets is also expected to propel the growth of yacht charter market. Further, favorable government programs to boost tourism are also predicted to elevate the market of yacht charter. In addition to this, swelled disposable income coupled with positive GDP figures of developed and developing nations such as U.S. and others are projected to flourish the growth of yacht charter market. Likely, rising adoption of sailing vacations by affluent consumers is expected to boost the demand for yacht charter. 

Key Takeaways
  • With the increasing interest of people towards marine tourism, yacht charter business is set to exhibit robust growth in the forecast period 2020-2025.
  • Rising affluence and inclination towards luxurious lifestyle has significantly uplifted the demand for yacht chartering services
  • Increasing effort from yacht builders & service providers focusing to provide more luxurious features are the substantial driving factors of the market during the forecast period.
  • High cost associated with yacht charter is anticipated to hamper the growth of yacht charter market over the forecast period. 

Yacht Type - Segment Analysis

On the basis of type, the Motor Yachts segment has been analyzed to witness a high CAGR of 6.59% during the forecast period 2020-2025. Unlike a sailing yacht, a motor yacht powers through sea elements allowing them to cover greater distances in less time. Moreover the shallow draft design allow the yacht to navigate through shallow and narrow passages enabling to explore almost any coastline or archipelago. The two important types of charters are crewed and bareboat. The global yachts charter service market has experienced considerable adoption, particularly from younger population. Most of the young consumers are generally first-time boaters, who frequently celebrate programs such as weekend and birthday parties especially in the form of yacht holidays. Motor yachts tend to have more deck space for basking in the sun, dining al fresco, and entertaining with family and friends. More over Luxury motor yachts are equipped with better communication options and modern conveniences which is propelling the adoption of Motor Yachts over Sailing Yachts.

Application - Segment Analysis

The retail segment is expected to grow at a CAGR of 6.89% during the forecast period 2020-2025. The yacht charter market growth is highly driven due to increasing interest in luxury cruising from high net worth and ultra-high net worth individuals (UHNWI) worldwide. With more than 200,000 households falling under ultra-high net worth category, yacht charter has been gaining immense popularity since the past few years. Similarly, according to 2017 World Health Report by Capgemini, the total number high net worth individuals (HNWI) worldwide increased by nearly 8% to a record-breaking 16.5 Mn. This has ensured a promising consumer base for yacht charter services worldwide. Emergence of new tourist destinations (such as Southeast Asia) offering luxury yacht cruising along with scenic beauty has been encouraging the HNWIs and UHNWIs across the world to explore such tourist destinations. Yacht charter companies are now more focused on providing enhanced luxury cruising to their consumers by improving their infrastructure including more sophisticated bars & restaurants, internet connectivity and other related IT tools which will further boost the growth of Yacht Charter Market during the forecast period.

Geography - Segment Analysis

Europe is forecast to dominate the Yacht Charter Market with the highest market share of 58% in 2018 and is expected to grow at a considerable CAGR during the forecast period. Growing tourism in this region along with presence major yacht charters is expected to drive the yacht charter market in Europe. Likely, Turkey and Italy are the dominating countries in this region. Additionally, collaboration of online yacht charter and flight booking service providers in Europe region is projected to propel the growth of yacht charter market. Rise in number of issued license for water craft and presence of wealthy population is also expected to boost the market growth. For Instance, according to European Commission’s report on nautical tourism (2017), about 6 million boats are kept in European waters out of which 60,000 charter boats generate up to € 6 billion turnover each year.

Drivers – Yacht Charter Market

  • Growing Inclination towards marine tourism to drive the Yacht Charter Market.
Rising disposable income of the consumers coupled with growing interest towards marine tourism and leisure activities such as sailing is expected to drive the Yacht charter market. Recreational boating has been witnessing immense popularity since the past few years, paving way for yacht charter services. Increasing number of promotional programs promoting yachts, technological developments, raising several online yacht service providers, rising number of yachts accessible on rent are some of the most important aspects which will propel the development of the global yachts charter market. 

  • Government initiatives to drive the Yatch Charter Market.
Government programs and initiatives to promote marine tourism is expected to boost the Yacht Charter Market. For instance, the Indian government is enhancing infrastructure and services to support port city excursions and domestic tourism with aim of promoting cruise tourism and increase sea arrivals to 1.2 million tourists by 2030-31. The Indonesian government renovated their marine tourism policy by removing CAIT (clearance approval for Indonesian territory) permit. This policy projected an increased number of yacht visits to Indonesia which was up to 6,000 yachts in 2019, creating an income of USD 600 million.


Challenges – Yacht Charter Market 

  • High cost associated with yacht charter is anticipated to hamper the growth of yacht charter market.
Western Europe countries such as Italy and others are the major countries witnessing the augmenting the demand for yacht charter due to presence of high net worth individuals (HNWI). Yacht charting is quite expensive as it is mainly utilized for leisure activities which is restraining the growth of Yatch Charter Market in other regions. However changing lifestyle of the consumers coupled with higher disposable income along with growing sea tourism will foster the growth yacht charter market. 

Market Landscape

The Key players embrace a variety of growth strategies, including mergers and acquisitions, collaboration and partnerships, joint ventures and few other strategies to strengthen the Market's position.  The top ten companies in the Yacht Charter Market include Yachito Inc., Boatbookings (Enitiative biz, Ltd.), Sailogy SA, Antlos Srl, Collaborative Boating Inc., Fraser Escape Bareboat Charters, Princess Yacht Charter, TUI Group, Zizooboats GmbH and SuperYacht Logistics among others.

Acquisitions/Partnerships/ Investments/ Product Launches
  • In June 2018, Sailogy S.A., an online booking solution for yachts and sailboats, acquired the German company Master Yachting, becoming the global leader worth 50 billion. 
  • In February 2018, MasterCraft Boat Holdings, Inc. announced an exclusive national distribution partnership with MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, to help maximize the success of its new brand, Aviara. Beyond this exclusive distribution arrangement, Aviara will also benefit from the ongoing collaboration with MarineMax on the innovative, unique and first to market product.
  • In July 2018, Princess Yachts announced the launch of 6 new models. The exceptional launch programme and financial result is underpinned by a five-year £100 million investment programme began in 2015.
1. Yacht Charter Market - Overview
        1.1 Definitions and Scope
2. Yacht Charter Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Yacht Charter Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Yacht Charter Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Yacht Charter Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Yacht Charter Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Yacht Charter Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Yacht Charter Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Bareboat Charter
            8.3.2 Skippered Charter
9. Yacht Charter Market - By Size (Market Size -$Million / $Billion)
9.1 Large
9.2 Medium
9.3 Small
10. Yacht Charter - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Yacht Charter- By Geography (Market Size -$Million / $Billion)
        11.1 Yacht Charter Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Yacht Charter- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Yacht Charter- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Yacht Charter - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong Kong
                  11.8.5.9 Rest of APAC
        11.9 Yacht Charter - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Yacht Charter Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Yacht Charter Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Yacht Charter Market - Key Company List by Country Premium
15. Yacht Charter Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Boat International Medium Ltd
        15.3 Burgess
        15.4 Charterworld Ltd
        15.5 Fairline Yacht
        15.6 Incrediblue Ltd
        15.7 Martello Yachting And Company
        15.8 Northrop And Johnson
        15.9 Sailogy S A
        15.10 Yachtico Inc
        15.11 Zizooboats Gmbh
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Yacht Charter Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Yacht Charter Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Yacht Charter Market By Type Market 2019-2024 ($M)
1.1 Bareboat Charter Market 2019-2024 ($M) - Global Industry Research
1.2 Skippered Charter Market 2019-2024 ($M) - Global Industry Research
2.Global Yacht Charter Market By Size Market 2019-2024 ($M)
2.1 Large Market 2019-2024 ($M) - Global Industry Research
2.2 Medium Market 2019-2024 ($M) - Global Industry Research
2.3 Small Market 2019-2024 ($M) - Global Industry Research
3.Global Yacht Charter Market By Type Market 2019-2024 (Volume/Units)
3.1 Bareboat Charter Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Skippered Charter Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Yacht Charter Market By Size Market 2019-2024 (Volume/Units)
4.1 Large Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Medium Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Small Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Yacht Charter Market By Type Market 2019-2024 ($M)
5.1 Bareboat Charter Market 2019-2024 ($M) - Regional Industry Research
5.2 Skippered Charter Market 2019-2024 ($M) - Regional Industry Research
6.North America Yacht Charter Market By Size Market 2019-2024 ($M)
6.1 Large Market 2019-2024 ($M) - Regional Industry Research
6.2 Medium Market 2019-2024 ($M) - Regional Industry Research
6.3 Small Market 2019-2024 ($M) - Regional Industry Research
7.South America Yacht Charter Market By Type Market 2019-2024 ($M)
7.1 Bareboat Charter Market 2019-2024 ($M) - Regional Industry Research
7.2 Skippered Charter Market 2019-2024 ($M) - Regional Industry Research
8.South America Yacht Charter Market By Size Market 2019-2024 ($M)
8.1 Large Market 2019-2024 ($M) - Regional Industry Research
8.2 Medium Market 2019-2024 ($M) - Regional Industry Research
8.3 Small Market 2019-2024 ($M) - Regional Industry Research
9.Europe Yacht Charter Market By Type Market 2019-2024 ($M)
9.1 Bareboat Charter Market 2019-2024 ($M) - Regional Industry Research
9.2 Skippered Charter Market 2019-2024 ($M) - Regional Industry Research
10.Europe Yacht Charter Market By Size Market 2019-2024 ($M)
10.1 Large Market 2019-2024 ($M) - Regional Industry Research
10.2 Medium Market 2019-2024 ($M) - Regional Industry Research
10.3 Small Market 2019-2024 ($M) - Regional Industry Research
11.APAC Yacht Charter Market By Type Market 2019-2024 ($M)
11.1 Bareboat Charter Market 2019-2024 ($M) - Regional Industry Research
11.2 Skippered Charter Market 2019-2024 ($M) - Regional Industry Research
12.APAC Yacht Charter Market By Size Market 2019-2024 ($M)
12.1 Large Market 2019-2024 ($M) - Regional Industry Research
12.2 Medium Market 2019-2024 ($M) - Regional Industry Research
12.3 Small Market 2019-2024 ($M) - Regional Industry Research
13.MENA Yacht Charter Market By Type Market 2019-2024 ($M)
13.1 Bareboat Charter Market 2019-2024 ($M) - Regional Industry Research
13.2 Skippered Charter Market 2019-2024 ($M) - Regional Industry Research
14.MENA Yacht Charter Market By Size Market 2019-2024 ($M)
14.1 Large Market 2019-2024 ($M) - Regional Industry Research
14.2 Medium Market 2019-2024 ($M) - Regional Industry Research
14.3 Small Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Yacht Charter Market Revenue, 2019-2024 ($M)
2.Canada Yacht Charter Market Revenue, 2019-2024 ($M)
3.Mexico Yacht Charter Market Revenue, 2019-2024 ($M)
4.Brazil Yacht Charter Market Revenue, 2019-2024 ($M)
5.Argentina Yacht Charter Market Revenue, 2019-2024 ($M)
6.Peru Yacht Charter Market Revenue, 2019-2024 ($M)
7.Colombia Yacht Charter Market Revenue, 2019-2024 ($M)
8.Chile Yacht Charter Market Revenue, 2019-2024 ($M)
9.Rest of South America Yacht Charter Market Revenue, 2019-2024 ($M)
10.UK Yacht Charter Market Revenue, 2019-2024 ($M)
11.Germany Yacht Charter Market Revenue, 2019-2024 ($M)
12.France Yacht Charter Market Revenue, 2019-2024 ($M)
13.Italy Yacht Charter Market Revenue, 2019-2024 ($M)
14.Spain Yacht Charter Market Revenue, 2019-2024 ($M)
15.Rest of Europe Yacht Charter Market Revenue, 2019-2024 ($M)
16.China Yacht Charter Market Revenue, 2019-2024 ($M)
17.India Yacht Charter Market Revenue, 2019-2024 ($M)
18.Japan Yacht Charter Market Revenue, 2019-2024 ($M)
19.South Korea Yacht Charter Market Revenue, 2019-2024 ($M)
20.South Africa Yacht Charter Market Revenue, 2019-2024 ($M)
21.North America Yacht Charter By Application
22.South America Yacht Charter By Application
23.Europe Yacht Charter By Application
24.APAC Yacht Charter By Application
25.MENA Yacht Charter By Application
26.Yachtico Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Sailogy S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Zizooboats Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Charterworld Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Burgess, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Boat International Medium Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Incrediblue Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Martello Yachting And Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Northrop And Johnson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Fairline Yacht, Sales /Revenue, 2015-2018 ($Mn/$Bn)