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Yacht Charters Market 2023 - Industry Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2032
Yacht Charters Market Analysis
The Business Research Company's Yacht Charters Global Market Report 2023 identifies growing tourism industry as the major driver for the yacht charters market's growth in the forecast period. Tourism is a term for a cultural, sociological, and economic phenomenon that describes people travelling for leisure, work, or other reasons to locations outside of their typical environment. Yacht charter helps tourists by renting a motor yacht or sailboat and travelling to various coastal destinations.
The global yacht charters market size is expected to grow from $14.42 billion in 2022 to $15.71 billion in 2023, at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The yacht charters market size is expected to grow to $21.69 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the yacht charters market are Fraser Yachts Florida Inc., Yachtico Inc., Boat International Media Ltd., Dream Yacht Charter, Northrop & Johnson, Nicholson Yachts, Simpson Marine Limited.
A key trend in the yacht charters market includes strategic partnerships. Major companies operating in the yacht charters market are entering into partnerships to strengthen their position in the yacht charters market. For instance, in July 2022, Fraser Yachts, a US-based yachting company, partnered with Mandarin Oriental Exclusive Homes. The partnership aims to combine a 7-night yacht rental supplied by Fraser Yachts with a 7-night stay at Mandarin Oriental Exclusive Home. Mandarin Oriental Exclusive Homes is a US-based hotel group that offers luxurious home stays.
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The yacht charters market is segmented -
1) By Yacht Type: Sailing Yachts, Motor Yachts, Catamaran Yachts
2) By Charter Type: Bareboat, Cabin, or Crewed
3) By Length: Up To 20 Ft, 20 To 50 Ft, Above 50 Ft
4) By Application: Vacation Or Leisure, Sailing
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the yacht charters market.
The Business Research Company's "Global Yacht Charters Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Yacht Charters Market Include:
1. Executive Summary
2. Yacht Charters Market Characteristics
3. Yacht Charters Market Trends And Strategies
4. Yacht Charters Market - Macro Economic Scenario
5. Yacht Charters Market Size And Growth
…..
26. Africa Yacht Charters Market
27. Yacht Charters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Yacht Charters Market
29. Yacht Charters Market Future Outlook and Potential Analysis
30. Appendix
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