Yacht Charters Global Market Report 2023

“Yacht Charters Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on yacht charters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for yacht charters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The yacht charters market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Yacht Type: Sailing Yachts; Motor Yachts; Catamaran Yacht

• 2) By Charter Type: Bareboat; Cabin; Crewed

• 3) By Length: Up To 20 Ft; 20 To 50 Ft; Above 50 Ft

• 4) By Application: Vacation Or Leisure; Sailing

• Companies Mentioned: Fraser Yachts Florida Inc.; Yachtico Inc.; Boat International Media Ltd.; Dream Yacht Charter; Northrop & Johnson

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players 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, Beneteau S.A, Sunseeker International Ltd., Boatbound Inc., West Coast Marine Yacht Services Pvt Ltd., Sunsail Worldwide Sailing Ltd., Martello Yachting and Company, Kiriacoulis Mediterranean Cruises Shipping S.A., Worldwide Boat, Inc.rediblue Ltd., MasterCraft Boat Holdings Inc. , Super Yacht Logistics LLC, and Inter Yacht Charter.

The global yacht charters market 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 is expected to grow to $21.69 billion in 2027 at a CAGR of 8.4%.

The yacht charter consists of sales of corporate yacht charter, expedition yacht charter, honeymoon yacht charters, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A yacht charter refers to a hired sailboat or motor yacht for travel to various locations, such as coastal or island regions.

Europe was the largest region in the yacht charters market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of yachts are sailing yachts, motor yachts, and catamaran yachts. Sailing yachts refer to a boat that is powered by the wind and sails used for week-long cruises, and they have facilities such as galleries, kitchens, and beds. The charter types include bareboat, cabin, and crewed with a length of up to 20 ft, 20 to 50 ft, and above 50 ft used for several applications including vacation or leisure, and sailing.

The growing tourism industry is expected to propel the yacht charter market forward. 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. For instance, according to a report by UNWTO, the World Tourism Organization of United Nations, the global tourist industry had a 4% increase from 400 million in 2020 to 415 million in 2021. Therefore, the growing tourism industry is driving the growth of the yacht charter market.

Strategic Partnerships are a key trend gaining popularity in the yacht charters market. Major companies operating in the yacht charters market are entering into a partnership to strengthen their position in the yacht charters market. For instance, in July 2022, Fraser Yachts, a a US-based yachting company, partnered with Mandarin Oriental Exclusive Homes. The partnership aims at combing 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 a US-based hotel group that offers luxurious home stays.

In February 2022, Ritz-Carlton Yacht Collection, a a US-based luxury cruise company, acquired Sea Cloud Cruises for an undisclosed amount. The acquisition would strengthen Sea Cloud's market position. Sea Cloud Cruises is a Germany-based luxurious and refined cruises company operating in the yacht charters market.

The countries covered in the Yacht Charters market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The yacht charters market research report is one of a series of new reports from The Business Research Company that provides yacht charters market statistics, including yacht charters industry global market size, regional shares, competitors with a yacht charters market share, detailed yacht charters market segments, market trends and opportunities, and any further data you may need to thrive in the yacht charters industry. This yacht charters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.