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. 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 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. 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. All interactions are confidential. Many superyachts are also available for charter along with explorer/expedition yachts. Who are the key players in the yacht charter market? 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. 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. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. Yacht Charter Market Size And Forecast. 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. The “Yacht Charter Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.. For instanceIn April 2020, MYSEA announced that it has been appointed as the Global Charter Central Agent for the M/Y FLEUR yacht. Some of the major players in the market are Burgess, Northrop & Johnson, Dream Yacht Charter, amongst others. 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. 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%. 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. 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. Addition or alteration to country, regional & segment scope. Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. 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. This segment is also expected to exhibit the fastest growth over the forecast period. The Global Yacht Charter Market report provides a holistic evaluation of the market … The growing … 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. 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. 1 . You might also like. 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 ‘Luxury Yacht Charter Market’ study added by Reports web, exhibits a comprehensive analysis of the growth trends present in the global business scenario. For instance,In May 2020, Ocean Independence announced that it has added 44m Burger motor yacht PURE BLISS to its charter fleet. In Asia-Pacific, Japan dominated the yacht charter market in 2018, whereas … Furthermore, growing corporate tourism activities is also expected to significantly contribute to support the demand. We've set up our website as a virtual brochure of yachts based on guest count and yacht size to make it simple. 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. Please fill out the form below for a free PDF report sample & Explore purchase options. This report is an essential reference for who looks for detailed information on Global Yacht Sales and Charter market 2020 To 2025. As majority of young high net worth customers prefer celebrating events such as weekend parties, birthdays and anniversary in charted yacht as vacations. Super Yacht Market Study 2014. Avail customized purchase options to meet your exact research needs. The service providers can earn more profit by synchronizing their offline efforts with online portals. Copyright © 2021 Grand View Research, Inc. All rights reserved. Moreover, it has been observed yacht chartering is highly preferred among the younger generations. We stand by our report quality. Customer Relationship Management Market … Currently, offline yacht charter bookings are substantially high. "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)", https://www.researchandmarkets.com/r/5ojz8i. 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. It has two coastal borders one in the Atlantic and other in the Gulf of Mexico and it holds around 30,000 lakes. Furthermore, government initiatives for the development of tourism activities in countries such as India and China are anticipated to drive the growth. Additionally, low maintenance, shallow draft for water anchorages capability, and lower moorage cost making it a preferred choice for the end-users. Some of the major players in the … Regionally, Mediterranean is expected to retain its dominance in the market. 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. 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. The increasing wealth of people has been observed as an evident trend is significantly contributing to the demand. The new motor yacht has a sleek and modern design with spacious and stylish interiors by famous studio Redman Whiteley Dixon. 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. 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. After you've browsed through, PLEASE CALL US at 1-888-755-2628. 1 . 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. Furthermore, high-net-worth individuals are squeezing in more travel itineraries into shorter time frames. We are in compliance with GDPR & CCPR norms. 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. 1 . Request discounts available for Start-Ups & Universities. A majority of yacht charter customers are … Thus, increasing disposable income of the individuals is anticipated to have a positive influence on the global market. The companies are expanding their presence by increasing their fleet size and tapping in new and unexplored markets. 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.. 10 most common mistakes in the yacht charter business. 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 Yacht Charter market in the U.S. is estimated at US$1.8 Billion in the year 2020. The report covers data on global markets including historical and future trends for supply, market … 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. Shifting preference towards marine tourism and voyages has also fueled the demand for the crew that is familiar with the navigational routes. The growing preference among travelers for luxury marine tourism and personalized services are the primary factors that are fueling the growth. Europe emerged as the largest regional market in 2019 and is expected to continue leading over the forecast period. Our support available to help you 24 hours a day, five days a week. … 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, 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. 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