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Global Yacht Charter Market to Grow at a CAGR of 12.2% During 2024-2032, Aided by the Increasing Inclination towards Sea Exploration Activities

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Yacht Charter Market

Global Yacht Charter Market Size, Trends, Forecast: By Size: Small (Up to 30m), Medium (30m-50m), Large (Over 50m); By Type: Motor Yacht, Sailing Yacht, Other Yacht; By Application: Vacation/ Leisure, Sailing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Yacht Charter Market Outlook

The global yacht charter market stood at a value of around USD 19.78 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.2% to reach USD 55.69 billion by 2032.

 

Yacht Charter Market

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Increasing Demand for Motor Yachts to Aid the the Global Yacht Charter Industry

Motor yachts are extremely powerful and fast and are capable of covering greater distances in less time. In addition, some notable advantages of motor yacht include enhanced privacy, high aesthetic appeal, and technological advances compared to their counterparts. Motor yachts help reduce crew expenditure as they are easier to operate and do not require prior expertise. Moreover, they are capable of entering shallow places such as in marinas and small bays. Therefore, in the forecast period, motor yachts are likely to attract more customers, thereby propelling the yacht charter industry  growth.

 

Europe Accounts for a Significant Share in the Market

The market in Europe is being driven by the presence of several luxury yacht charter destinations, coupled with the growing tourism industry in the region. In Europe, the major seas include Atlantic Ocean, the Mediterranean Sea, and Baltic Sea, among others. In addition, the growing interest among the business class population to experience unique and exciting sailing activities is anticipated to aid the market in the forecast period. Moreover, countries like Spain, Greece, Croatia, and Sweden, among others, are marine tourism hot spots, which attract large number of tourists every year.

 

Yacht Charter: Market Segmentation

Yacht chartering is defined as the practice of renting a yacht for leisure, business, or vacation activities. Yacht charter firms provide convenience to the clients by offering crew, captain, online and offline support, and emergency numbers. Yacht charter eradicates the need for owning a yacht for going out on holidays or for recreational activities.

 

Yacht Charter Market by Segment

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Based on size, the market can be segmented into:

  • Small (Up to 30m)
  • Medium (30m-50m)
  • Large (Over 50m)

On the basis of type, the market has been divided into:

  • Motor Yacht
  • Sailing yacht
  • Other Yacht

The significant applications included in the market report are as follows:

  • Vacation/ Leisure
  • Sailing
  • Others

The regional markets for yacht charter include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Yacht Charter Market by Region

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Increasing Inclination towards Marine Tourism and Sea Exploration Activities to Boost the Growth of the Yacht Charter Industry

The global yacht charter industry is being driven by the increasing inclination towards marine tourism and sea exploration activities owing to the rising consumer disposable incomes and increasing standards of living. There is an increase in the number of families opting for leisure trips and vacation. Further, attractive holiday plans being introduced by yacht charter firms are anticipated to aid the market. In addition to this, the growing trend of online booking, which reduces the complexity of documentation and renting process is likely to be a major driving factor for the market in the forecast period. Moreover, the favourable government initiatives aimed at supporting the marine tourism industry are anticipated to provide impetus to the market. Furthermore, the increasing efforts of key industry players to offer advanced and luxurious facilities to their clients to bolster their vocational experience are anticipated to further invigorate the market in the forecast period.

 

Key Industry Players in the Global Yacht Charter Market

The report gives a detailed analysis of the following key players in the global yacht charter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Charter Yachts Australia
  • Princess Yachts Limited
  • Sailogy S.A.
  • Yachtico Inc.
  • Northrop & Johnson Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Size
  • Type 
  • Application 
  • Region
Breakup by Size
  • Small (Up to 30m)
  • Medium (30m-50m)
  • Large (Over 50m)
Breakup by Type 
  • Motor Yacht
  • Sailing Yacht
  • Other Yacht
Breakup by Application 
  • Vacation/ Leisure
  • Sailing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Charter Yachts Australia
  • Princess Yachts Limited
  • Sailogy S.A.
  • Yachtico Inc.
  • Northrop & Johnson Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Yacht Charter Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Yacht Charter Historical Market (2018-2023) 
    8.3    Global Yacht Charter Market Forecast (2024-2032)
    8.4    Global Yacht Charter Market by Size
        8.4.1    Small (Up to 30m)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Medium (30m-50m)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Large (Over 50m)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Yacht Charter Market by Type 
        8.5.1    Motor Yacht
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Sailing Yacht
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Other Yacht
    8.6    Global Yacht Charter Market by Application 
        8.6.1    Vacation/ Leisure
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Sailing
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Yacht Charter Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Yacht Charter Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Yacht Charter Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Yacht Charter Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Yacht Charter Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Yacht Charter Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
         15.2.1    Charter Yachts Australia
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Princess Yachts Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Sailogy S.A.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Yachtico Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Northrop & Johnson Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Yacht Charter Market: Key Industry Highlights, 2018 and 2032
2.    Global Yacht Charter Historical Market: Breakup by Size (USD Billion), 2018-2023
3.    Global Yacht Charter Market Forecast: Breakup by Size (USD Billion), 2024-2032
4.    Global Yacht Charter Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Yacht Charter Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Yacht Charter Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Yacht Charter Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Yacht Charter Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Yacht Charter Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Yacht Charter Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Yacht Charter Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Yacht Charter Market Structure

Key Questions Answered in the Report

What was the global yacht charter market size in 2023?

In 2023, the global yacht charter market attained a value of nearly USD 19.78 billion.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 12.20% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 55.69 billion by 2032.

What are the major industry drivers?

The major drivers of the market include the increasing popularity of marine tourism and sea exploration activities, growing efforts by the major yacht charter firms to enhance the experience of clients, rising disposable incomes, and increasing awareness about luxury yacht charter destinations.

What are the key industry trends of the global yacht charter market?

The changing preference of clients towards online booking, which brings convenience and reduces the complexity of documentation, is expected to be a key trend guiding the growth of the industry.

What are the major regional markets of yacht charter, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major sizes based on which the market has been segmented?

Small (up to 30m), medium (30m-50m), and large (over 50m) are the major sizes based on which the market has been segmented.

What are the different yacht types considered in the market report?

Motor yacht, sailing yacht, and others are the different types considered in the market report.

What are the different applications considered in the market report?

Vacation/ leisure, and sailing, among others are the different applications of yacht charter.

Who are the key industry players, according to the report?

The major players in the industry are Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

Analyst Review

The global yacht charter market attained a value of USD 19.78 billion in 2023, driven by the increasing demand for travel and leisure among the working-class population, rising standards of living, and emergence of online booking system. Aided by the favourable government policies aimed at bolstering the marine tourism sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.20%. The market is projected to reach USD 55.69 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on size, the market is divided into small (up to 30m), medium (30m-50m), and large (over 50m). On the basis of type, the market is divided into motor yacht, sailing yacht, and other yacht. The significant applications included in the market report are vacation/ leisure, and sailing, among others. The major regional markets for yacht charter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Charter Yachts Australia, Princess Yachts Limited, Sailogy S.A., Yachtico Inc., and Northrop & Johnson Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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