PUBLISHER: The Business Research Company | PRODUCT CODE: 1705312
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705312
Luxury yacht charter involves renting high-end, fully-crewed yachts for leisure and recreational purposes. These yachts are typically equipped with premium amenities and provide services aimed at delivering an exclusive, personalized, and luxurious experience on the water.
The main types of luxury yacht charters include sailing yachts, classic yachts, motor yachts, catamaran yachts, and open yachts. Sailing yachts are recreational vessels designed for pleasure, cruising, and racing, distinguished by their size and sophistication compared to smaller sailboats. Price ranges for these yachts include economy, mid-range, and premium, with sizes varying from small to large. They cater to various applications, including individual, family or group, and corporate use.
The luxury yacht charter market research report is one of a series of new reports from The Business Research Company that provides luxury yacht charter market statistics, including luxury yacht charter industry global market size, regional shares, competitors with a luxury yacht charter market share, detailed luxury yacht charter market segments, market trends, and opportunities, and any further data you may need to thrive in the luxury yacht charter industry. This luxury yacht charter 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.
The luxury yacht charter market size has grown strongly in recent years. It will grow from $16.27 billion in 2024 to $17.33 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth in the number of high-net-worth individuals, and increasing popularity of exclusive and exotic travel destinations, and endorsements and usage of luxury yachts by celebrities, amenities have enhanced the appeal of luxury yachts, and financial means for affluent individuals to spend on luxury.
The luxury yacht charter market size is expected to see strong growth in the next few years. It will grow to $22.2 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growth in global wealth, ongoing trend towards experiential luxury, growing environmental awareness and demand for sustainable travel, enhanced onboard amenities, increasing availability and variety of yacht charter services. Major trends in the forecast period include eco-friendly technologies such as hybrid propulsion systems, solar panels, and waste treatment, personalized onboard services, use of high-speed internet and smart technologies, health and safety measures, and fractional ownership and yacht membership.
The growing marine tourism sector is expected to drive the expansion of the luxury yacht charter market in the coming years. Marine tourism encompasses various recreational activities centered around the sea, such as sailing, cruising, water sports, and coastal tourism. The rise in marine tourism is attributed to improved transportation options, better marinas, enhanced facilities, and greater awareness and promotion of sustainable tourism practices. Luxury yacht charters offer customized itineraries, giving tourists the freedom to visit multiple destinations at their own pace. This flexibility allows travelers to explore hidden coves, lively coastal towns, and remote islands that larger cruise ships often cannot reach. For example, in June 2024, the Bureau of Economic Analysis, a U.S.-based federal agency, reported that in 2022, the marine economy contributed $476.2 billion, or 1.8 percent, to the U.S. gross domestic product, up from $424.2 billion in 2021, maintaining the same share. As a result, the rise in marine tourism is fueling the growth of the luxury yacht charter market.
Key players in the luxury yacht charter market are focusing on developing innovative yachts, such as 56-foot motor yachts, to gain a competitive edge. A 56-foot motor yacht is a mid-sized luxury vessel designed for leisure and recreation, offering a blend of performance, comfort, and amenities suitable for both short trips and extended voyages. For example, in May 2024, Sunseeker, a UK-based luxury performance motor yacht brand, unveiled initial computer renderings of the new Sunseeker Predator 55. This 56-foot motor yacht features sleek styling and impressive performance, equipped with twin Volvo Penta IPS-950 engines that enable speeds of up to 36 knots. This performance capability reinforces Sunseeker's reputation for high-speed luxury yachts.
In September 2023, Fraser Yachts, a US-based yachting firm, acquired Atalanta Golden Yachts (AGY) for an undisclosed amount. This acquisition strengthens Fraser Yachts' position in the growing Greek yachting market, leveraging AGY's extensive local expertise and client network. Atalanta Golden Yachts (AGY) is a US-based yacht management and chartering company.
Major companies operating in the luxury yacht charter market are Burgess Company, Fairline Yacht, Dream Yacht Charter, Boat International, Bluewater Yachting, Simpson Marine, Zizooboats, Northrop & Johnson, Fraser Yachts, Yachting Partners International, Boatsetter Inc, West Coast Marine Yacht Services, Thai Charters, Super Yacht Logistics, Windward Islands, Charterworld, Martello Yachting, Boatbound, Yachtico Inc., Charter Index, Inter Yacht Charter, Atalanta Golden Yachts
Europe was the largest region in the luxury yacht charter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury yacht charter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the luxury yacht charter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The luxury yacht charter market includes revenues earned by entities by yacht charter fees, value-added services, fleet management, brokerage, and platform monetization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Luxury Yacht Charter Global Market Report 2025 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 luxury yacht charter 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.
Where is the largest and fastest growing market for luxury yacht charter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The luxury yacht charter 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.