Yacht Charter Market Analysis Will Expand at a CAGR of 3.3% from 2016 to 2026
Future Market Insights projects passive growth for the global yacht charter market over the entire assessed period. The US$ 637 Mn yacht charter market is likely to expand at a CAGR of 3.3% through 2026. Eastern Europe, especially Croatia and Turkey, remain the top yacht charter destinations. Boat shows in the U.S., Italy, Fort Lauderale, and Genoa are identified to lure the maximum number of boat lovers.
Global Yacht Charter Market: Driver and Trend Analysis
Rising adoption of boating and sailing vacations by affluent consumers in developed markets will continue to sustain the demand for yacht charter over the next decade. Collaborations of online yacht charter service providers with leading airline companies is one of the most sought after trends in the market.
Growing inclination of young travellers toward sailing holidays will remain a prominent drive to market growth. While booking large yachts to avail of attractive group discounts highlights a growing trend among U.S. consumers, providing advanced services through latest technologies, such as mobile applications will be a trend among yacht companies.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-543
Global Yacht Charter Market: Segmentation Analysis
By Yacht Type:
By Consumer Type:
By Yacht Size:
Large (over 50m)
Medium (30m – 50m)
Small (up to 30m)
Rest of the World
By type of yacht, motor yacht segment will remain dominant with over 78% share in 2026, accounting for the revenues worth US$ 690 Mn at the end of the forecast period. However, sailing yacht segment is identified to grow at a slightly higher rate during the decade. Posh interior designs and comfort will remain the top preferences of consumers while selecting the yacht type, whereas a trend of eco-friendly, fuel-efficient yachts is foreseen to propel over the next few years.
Based on consumer type, retail segment will gain a significant boost of around 100 BPS over the assessment period, possibly accounting for over 88% share of the market in 2026. Corporate segment is poised for sluggish growth throughout the forecast period.
On the basis of yacht size, medium sized yacht segment (30m-50m) will retain dominance with over 60% market value share in 2026, followed by small sized yacht segment (up to 30m). Large yacht segment (over 50m) will continue to gain limited traction through 2026. According to Future Market Insights research, large and medium sized yachts will gain traction in retail consumers who prefer group holidays with booking discounts. On the contrary, small yachts will experience demand from families and couples.
By region, Europe will continue to rule the market with roughly 70% share of the total revenues in 2026, followed by North America. However, growth of the yacht charter market in the Middle East is expected to demonstrate a higher CAGR over the assessed period.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-543
Global Yacht Charter Market: Key Players Analysis
Most of the key players in the global yacht charter market are embracing social media marketing strategy for online promotion. In addition, they are indulging in video advertising, online customer reviews/testimonials, and virtual tours provision on respective websites. Some of the leading companies include Yachtico Inc., Sailogy S.A., and Boatbookings (Enitiative.biz, Ltd.). The competitive landscape includes a few other notable companies - Antlos S.r.l., Collaborative Boating Inc., Zizooboats GmbH, Fraser Escape Bareboat Charters, Princess Yacht Charter (Princess Yachts International PLC), and TUI Group (The Moorings Limited and Sunsail Worldwide Sailing Ltd.)
Yachtico Inc. caters to all types of sailing vacations with a fleet of over 16,000 yachts, including houseboats, sailing yachts, and catamarans. The companby aspires to gain a strong foothold in the U.S.
Boatbookings has a massive operating network that spans several regions across the globe, including London, Cannes, Newport, Athens, Singapore, Thailand, and Ft Lauderdale.
Sailogy, though has a prominent presence in the Mediterranean region, operates in nearly 1,000 global locations. The company also enjoys benefits through collaborations with some leading online travel retailers.
Antlos continue its collaborations with leading European travel platforms, such as Boats.com, airBaltic, and Skyscanner.
Apart from the aforementioned players, the global yacht charter market is expected to witness emergence of various new entrants active in yacht management. Moreover, some of the key players are concentrating more on vertical integration with yacht manufacturing behemoths, such as Rodriguez Group.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Yacht Charter Market Analysis Will Expand at a CAGR of 3.3% from 2016 to 2026 here
News-ID: 428854 • Views: 161
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Yacht
Global Yacht Painting and Maintenance Market 2019 - Bonsink Yacht Painters, GYG, …
Scope of the Report: The global Yacht Painting and Maintenance market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2018 and 2023. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play
Studying the Middle East Yacht Market,Studying the Middle East Yacht Industry, S …
Latest industry research report on: Studying the Middle East Yacht Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Our analysts believe that the long-term outlook for the yacht market in the Middle East is positive. Demand for yachts in the Middle East has remained stable and is expected to continue being so. Yachting has emerged as a key aspect of the luxury lifestyle in the
Global Yacht Coatings Market 2017 - 2025
Press Release - 06 July 2018 Research and Development News -- . . Latest Update "Yacht Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future. ' ' Yacht coatings are part of marine coatings, which protect yachts from harsh weather conditions and enhance their esthetics. Yacht coatings are also considered vital in enhancing the fuel efficiency of a vessel
Yacht Charters Market Is Thriving Worldwide
HTF MI published a new industry research that focuses on Yacht Charters market and delivers in-depth market analysis and future prospects of Global Yacht Charters market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is
Global Yacht Transports Market 2017 - Sevenstar, Yacht Path International, PM SH …
The report studies Yacht Transports in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 The report begins with a broad introduction of the Yacht Transports market and then drills deeper into specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Yacht Transports
Global Luxury Yacht Market Research Report 2016
This report studies Luxury Yacht in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Azimut/Benetti Ferretti Group Sanlorenzo Sunseeker Feadship Lrssen Princess Yachts Amels / Damen Heesen Yachts Horizon Westport Oceanco Trinity Yachts Fipa Group Overmarine Perini Navi Palmer Johnson Cerri-Baglietto Christensen To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=904083&type=E Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market