Yacht Chartering (Yacht Rental) Market it is projected to reach USD 66.5 billion by 2032,- A Comprehensive Study by Key Players:Yachito Inc, TUI Group, Antlos Srl, Boatbookings (Enitiative biz, Ltd), Princess Yacht Charter, Sailogy SA, Fraser Escape Bareb
The Yacht Chartering (Yacht Rental) report is an in-depth examination of the global Yacht Chartering (Yacht Rental)'s general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Yacht Chartering (Yacht Rental) industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Yacht Chartering (Yacht Rental) analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic consequences. The global market research also includes a specific competition landscape section to help you better understand the Yacht Chartering (Yacht Rental) industry. This information can help stakeholders make educated decisions before investing.
Leading players of Yacht Chartering (Yacht Rental) including:
Yachito Inc, TUI Group, Antlos Srl, Boatbookings (Enitiative biz, Ltd), Princess Yacht Charter, Sailogy SA, Fraser Escape Bareboat Charters, Collaborative Boating Inc, Zizooboats GmbH
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Augmentation in Fleet Size by Key Players is Propelling the Market Growth
Numerous yacht charter companies are adding new yachts to remain ahead of their competitors, as several charter companies have contracts with yacht manufacturers to ensure that the new yachts are provided to them for chartering. For instance,
In February 2022, Imperial Yacht announced that with the collaboration of Amels and Damen Yachting, the launch of Project AMELS 242-07 is scheduled to be delivered this summer.
In March 2021, Imperial Yacht announced the signing of a new 100-meter project, Project Titanium, in collaboration with The Italian Sea Group, the parent company of Admiral Yachts. Project Titanium, which is scheduled to be delivered in 2025.
With the addition of new yachts in the fleet, charter companies invested huge amounts in upgrading their fleet. For instance,
In May 2021, Northrop & Johnson announced closing deals, including the 120-foot (37m) Benetti motor yacht TANUSHA, two Pershing yachts LOUNOR, and AMJU, the 130-foot (39.7m) classic superyacht ARIONAS from Lürssen.
The yacht charter market is moderately fragmented, with many active players. The market is witnessing the emergence of many new start-ups. Some of the major players in the market are Burgess, Northrop & Johnson, and Dream Yacht Charter. The companies are expanding their presence by increasing their fleet size and partnering with small players. Key players are expanding their presence by tapping into new and unexplored markets.
In February 2022, Northrop & Johnson made a partnership with NetJets. This partnership will provide customers with luxurious, comfortable, and memorable travel experiences.
In May 2021, Ocean Independence announced the addition of SOULMATE to the Ocean Independence charter fleet. SOULMATE is an award-winning 34m Dreamline superyacht that combines an elegant Italian interior with comfort and safety.
In May 2020, Ocean Independence announced that it added 44m Burger motor yacht PURE BLISS to its charter fleet. This seven-stateroom superyacht can accommodate 12 guests, with exceptional features, such as elevator access up to three decks and a great range of water sports toys.
The report is classified into multiple sections which consider the competitive environment, latest market events, technological developments, countries and regional details related to the Yacht Chartering (Yacht Rental). The section that details the pandemic impact, the recovery strategies, and the post-pandemic market performance of each actor is also included in the report. The key opportunities that may potentially support the Yacht Chartering (Yacht Rental) are identified in the report. The report specifically focuses on the near term opportunities and strategies to realize its full potential. The uncertainties that are crucial for the market players to understand are included in the Yacht Chartering (Yacht Rental) report.
Motor Yacht to Hold Largest Market Share
Based on yacht type, the motor yacht segment is expected to hold the largest yacht charter market share in terms of revenue owing to the growing demand for such type yachts for recreational and personal purposes across the globe.
Increasing Number of Water Sports in Europe to Promote Growth
Among all the regions, Europe is expected to remain dominant and hold the highest position in the global market in the forthcoming years. This dominance is attributable to the increasing number of water-based sport activities that is likely to thrive the number of yacht charter services in the region between 2020 and 2027. Europe stood at USD 8.01 billion in 2019.
On the other hand, North America is expected to hold the second position in the market during the forecast period. This is ascribable to factors such as presence of diverse coastline, along with the option of several cruising destinations in countries such as the U.S.
The market analysis done with statistical tools also helps to analyze many aspects that include the demand, supply, storage costs, maintenance, profit, sales, and production details of the market. Furthermore, the global Yacht Chartering (Yacht Rental) research report provides the details about the Yacht Chartering (Yacht Rental) share, import volume, export volume, and the gross margin of the companies.
Yacht Chartering (Yacht Rental) Segmentation by Type:
Skippered Charter, Cabin Charter.
Yacht Chartering (Yacht Rental) Segmentation by Application:
Yacht Chartering (Yacht Rental) report answers some key questions:
What is the expected growth of global Yacht Chartering (Yacht Rental) after covid-19 vaccine or treatment is found?
• What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric, and collaborative in the global Yacht Chartering (Yacht Rental)?
• Which specific sectors are expected to drive growth in the global Yacht Chartering (Yacht Rental)?
• What are key government policies and interventions implemented by leading global Yacht Chartering (Yacht Rental) countries to help further adoption or growth of Yacht Chartering (Yacht Rental) .
• How have the market players or the leading global Yacht Chartering (Yacht Rental) firms have addressed the challenges faced during the pandemic?
• What growth opportunities the global Yacht Chartering (Yacht Rental) offers?
Highlights of the Report:
The report provides Yacht Chartering (Yacht Rental) industry demand trends in Q1 and Q2 2021.
• Individual circumstances of the Yacht Chartering (Yacht Rental) segments are discussed in the report.
• The report contains forward-looking information on risks and uncertainties.
• The report studies the consumer-focused sectors of the Yacht Chartering (Yacht Rental).
• The trade scenarios of the products and services in particular segments are detailed in the report along with regulation, taxes, and tariffs.
• The trends that are impacting the Yacht Chartering (Yacht Rental) for past few years are discussed in the report.
• The report studies the potential impact of the Covid-19 pandemic on the Yacht Chartering (Yacht Rental) industry economy and performance of the market players in the same context.
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In January 2022, Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, especially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
In January 2021, Burgess announced a new partnership with Marine Solutions in India. With this collaboration, Burgess aims to better serve its existing clients and build new relationships in India, enhancing its charter offering in the Indian Ocean.
In January 2021, Northrop & Johnson announced a partnership with Ulysse Nardin to further enhance the offerings, experience, and value to the wealthy and discerning clientele.
Table of Content:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global Yacht Chartering (Yacht Rental) by Players
4 Yacht Chartering (Yacht Rental) by Regions
4.1 Yacht Chartering (Yacht Rental) Size by Regions
4.2 Americas Yacht Chartering (Yacht Rental) Size Growth
4.3 APAC Yacht Chartering (Yacht Rental) Size Growth
4.4 Europe Yacht Chartering (Yacht Rental) Size Growth
4.5 Middle East & Africa Yacht Chartering (Yacht Rental) Size Growth
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Yacht Chartering (Yacht Rental) Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
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