Yachts Charter Market size was valued at US$ 16.7 Bn. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.
Pune, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The global Automotive and Transportation business-consulting firm, Maximize Market research, has published a market intelligence report on the “
Yachts Charter Market
”. The report is a combination of primary data and secondary data with quantitative and qualitative data analysis methods. Over the forecast period, Maximize Market research expects the market to grow from USD 16.7 Bn in 2021 to USD 25.63 Bn in 2029 at a CAGR of 5.5 percent. As per the report, the North America region is expected to dominate the global Yachts Charter Market during the forecast period.
Yachts Charter Market Report Scope
| Market Size in 2021 | USD 16.7 Bn. |
| Market Size in 2029 | USD 25.63 Bn. |
| CAGR | 5.5 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 296 |
| No. of Tables | 118 |
| No. of Charts and Figures | 116 |
| Segment Covered | Yacht Type, Yacht Size and Consumer Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The Yachts Charter Market is majorly driven by the growing marine tourism sector
The demand for yacht charters is increasing due to the rising participation of the masses in recreational and competitive boating activities across the world. The Yachts Charter Market is also positively impacted by the rising per capita income levels and the increasing inclination towards luxury trips across exotic locations. The other factors that are driving the Yachts Charter Market are the increasing use of renewable energy as a primary fuel in various marine vehicles because of the enhanced focus on sustainable development among the masses and the increasing popularity of water sports. The yacht charter service providers are using online mediums to showcase their offerings. The increasing number and range of yachts available for booking, and collaboration between major travel agencies and yacht companies are also the major factors driving the Yachts Charter Market growth over the forecast period.
During the forecast period, the North America region is expected to dominate the global Yachts Charter Market
The Yachts Charter Market in the North American region is growing due to the presence of a diverse coastline with a plethora of cruising places. One of the main reasons behind the growth of the Yachts Charter Market is the numerous tourist destinations in the region. The European region is also expected to witness growth at a fast rate during the forecast period. This growth of the region is mainly attributed to the increasing number of high-net-worth individuals and the increasing popularity of water adventure and fishing activities.
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Yachts Charter Market Segmentation
By Yacht Type
- Sailing Yachts
- Motor Yachts
-
Catamaran Yacht
By Yacht Size
- Small
- Medium
-
Large
By Consumer Type
- Corporate
- Retail
-
Other
Based on Yacht Type, the motor yacht held the largest share of the Yachts Charter Market in 2021. Based on Yacht Size, the small yacht size segment is expected to hold the major share of the market. Based on Consumer Type, the retail segment is expected to hold the largest portion of the global Yachts Charter Market.
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Yachts Charter Market Key Competitors include:
- Boat International Media Ltd. (UK)
- Charter Yachts Australia (Australia)
- CharterWorld LLP (UK)
- Dream Yacht Charter (US)
- Fairline Yacht (UK)
- Fraser Yachts (Sydney)
- Inter Yacht Charter (UK)
- Martello Yachting and Company (Netherlands)
- Nicholson Yachts (US)
- Northrop & Johnson (US)
- Simpson Marine Limited (Hong Kong)
- Super Yacht Logistics, LLC (Japan)
- Thai Charters (Thailand)
- West Coast Marine Yacht Services Pvt Ltd. (India)
- Yacht Charter Fleet (UK)
- Yachtico, Inc. (US)
- Zizooboats GmbH (Germany)
- Burger Boat Company (US)
- Catamaran Guru (US)
- Dream Marine Limited (Republic of Korea)
- Fipa Group Srl. (Italy)
- Grand Yachts, Inc. (Canada)
- Horizon Yatch Company (US)
- Jokai Marive International, Inc. (Philippines)
- KingShip Marine Ltd. (Hong Kong)
- Maxi Dolphin Srl (Italy)
- Oceanco (Netherlands)
- OnBoat Inc. (US)
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Key questions answered in the Yachts Charter Market are:
- What is the Yacht Charter?
- What is the CAGR of the Yachts Charter Market?
- What is the Yachts Charter Market size?
- How is the global Yachts Charter Market expected to perform during the forecast period?
- What are the segments into which the Yachts Charter Market has been divided?
- What are the global trends in the Yachts Charter Market?
- What are the upcoming industry applications and trends for the Yachts Charter Market?
- What are the factors contributing to the final price of Yacht's Charter?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Yachts Charter Market?
- How is the intervention from the regulatory authority shaping the Yachts Charter Market?
- What growth strategies are the players considering to increase their presence in Aesthetic Medical Devices?
- Who are the leading companies and what are their portfolios in the Yachts Charter Market?
- What are the major challenges that the Yachts Charter Market could face in the future?
- Who held the largest market share in the Yachts Charter Market?
Key Offerings:
- Past Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Yachts Charter Market Size, Share, Size & Forecast by different segment | 2022−2029
- Yachts Charter Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Yachts Charter Market Segmentation – A detailed analysis by Yacht Type, Yacht Size, Consumer Type and Region
-
Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Yacht Market - The market size is expected to reach USD 16.4 billion by 2029 at a CAGR of 6.58 percent during the forecast period. The market is expected to be driven by factors such as the increasing number of private islands on cruise itineraries, the increasing number of high-net-worth individuals and the use of alternative energy sources.
Water Taxi Market - The market size is expected to reach USD 612.18 billion by 2029 at a CAGR of 4.05 percent during the forecast period. The market is expected to be driven by the increasing disposable income, which supports a variety of leisure activities, as well as increasing travel costs for leisure.
Sailboat Market - The market size is expected to reach USD 7.11 billion by 2029 at a CAGR of 2.85 percent during the forecast period. The market is expected to be driven by increased spending on research and development activities.
Marine Cranes Market - The market size is expected to reach USD 10.48 billion by 2029 at a CAGR of 15.59 percent during the forecast period. The market is expected to be driven by the increasing offshore exploration activities and production activities.
Boat Rental Market - The market size is expected to reach USD 29.67 billion by 2029 at a CAGR of 6.12 percent during the forecast period. The market is expected to be driven by the increasing consumer involvement in competitive and recreational boating activities with the accessibility and connection with boat owners.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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