The global Yacht Charter Market was accounted for US$ 47.7 Bn in terms of value in 2019 and is expected to grow at CAGR of 6.7% for the period 2020-2027.

Yacht charter is the practice of renting a motor yacht or sailboat and traveling to numerous island destinations. Yacht charters are typically used for vacation, business, and leisure activities. There are two types of charter namely skippered and bareboat, in which, bareboat charters involve a person renting a boat. Majority of bareboat companies offer courses to teach basic seamanship and prepare people for bareboat chartering. Various associated businesses such as yacht management, which assists in the construction of new yachts are also entering the market. Yacht charter companies are focusing on vertical integration with major yacht manufacturers in order to increase their revenue.

Increasing wealthy population with high disposable income has increased the sales of luxury products such as yacht charters. Yachts are typically used for vacation and leisure activities, which in turn, is expected to drive growth of the global yacht charter market during the forecast period. According to Coherent Market Insights’ analysis, in 2013, around 355 luxury yachts were sold across the globe and the number increased to 412 in 2014. According to the same source, the global yacht market is expected to be valued at US$ 73.8 billion in 2020.

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What is the primary factor contributing towards the growth of global Yacht Charter market?
Increasing number of yacht owners is expected to drive growth of the global yacht charter market during the forecast period.

Which sub-segment among Application held the largest market share in the global Yacht Charter market?
NON CORPORATES sub-segment holds the largest market share among Product Type segment contributing 69.0% market share in terms of value in 2019

Who are the key players operating in the global Yacht Charter market?
Key players operating in the global Yacht Charter market are Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

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