Yacht Charter Market Size is Poised to Reach US$ 12.9 Billion by 2028

Industry Overview of Yacht Charter Market
A yacht charter involves the rental of a motor- or sail-driven marine vessel for recreational or commercial purposes. These services are commonly used by individuals who wish to travel to coastal areas without owning their own yacht. The rented yachts, whether privately owned or owned by companies, are equipped with luxurious amenities and come with professional crews, captains, and online or on-call support. Many charter companies also provide yachts and create detailed itineraries tailored to their clients' needs. As a result, yacht charters are widely used in luxury marine tourism and recreational boating.

How big is the Yacht Charter Market?
The global yacht charter market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

Read More: https://www.imarcgroup.com/yacht-charter-market

What Are the Growth Prospects and Trends in The Yacht Charter Industry?
The market for yacht charters is primarily driven by the significant growth in the marine tourism sector. Furthermore, the market benefits from the escalating demand for personalized services in tourism activities. The increasing participation of people in recreational and competitive boating activities worldwide also contributes to the need for yacht charters. Additionally, the market is positively influenced by rising per capita income levels and a growing preference for luxury trips to exotic locations. Online yacht chartering services offered by various key players have gained considerable popularity among individuals. Moreover, continuous advancements in yacht infrastructure, including the adoption of hybrid business models, contribute to a favorable market outlook on a global scale. Other factors encouraging the market growth include the increasing popularity of fishing and water sports, as well as the growing use of renewable energy as the main fuel in marine vehicles, including yachts, due to a heightened focus on sustainable development among the general population.

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What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
Motor Yacht
Sailing Yacht

Breakup by Length:
Up To 20 Ft
20 To 50 Ft
Above 50 Ft

Breakup by Contract Type:
Bareboat Charter
Crewed Charter

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Boat International Media Ltd, Boatsetter Inc., Kiriacoulis Mediterranean, MarineMax Inc, Martello Yachting & Company, Nautal (Click&Boat), OceanBlue Logistics Limited, Sunsail Limited (TUI Group), Sunseeker International Ltd., The Moorings, YACHTICO INC. and Zizooboats GmbH.

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