Yacht Charter Market Expected to Reach US$25.53 Bn by 2027: Fairfield Market Research


Posted March 4, 2022 by Amrapali03

Global Yacht Charter Market Eyes a Growth Rate of 22.5% as Spending Capacity of Younger Demographic Improves

 
The global yacht charter market is expected to grow at a phenomenal pace in the coming five years as the idea of a vacation is changing. Higher spending capacities on leisure activities has created lucrative opportunities for yacht charters. According to Fairfield Market Research, the global yacht charter market is expected to surge at US$22.85% during the forecast years of 2021 and 2027 to reach a valuation of US$25.35 Bn by the end of 2027. The changing perception towards outdoor activities is also expected to make a significant contribution towards the progress of the global yacht charter market.

Read complete report: https://www.fairfieldmarketresearch.com/report/yacht-charter-market

Increasing Potential to Vacation in Luxury Drives Global Yacht Charter Market

The increasing spending capacity of Millennials and Generation Z has become the driving factor for the global yacht charter market. The ability to take quick vacations within the national borders during COVID-19 pandemic has prompted youngsters to opt for yacht charters. Lack of flying options and the constant worry of coronavirus infection has created bubbles of safe travelling for leisure options with yacht charters amongst the younger demographic. Analysts anticipate that the demand for the yacht charter will consistently rise in the coming years as it allows exploration of new locations while eliminating road and air travel.

Motor Yachts to be Preferred Over Sailing Counterparts due to Speed

On the basis of type, the global yacht charter market is segmented into sailing, motor, and catamaran. Analysts state that the motor type of yachts will lead the global market as they allow end users to have better control over speed. This also makes covering multiple locations/islands easier, giving the end users value for money. Furthermore, motor yachts have a shallow draft which eases navigation through narrow passages. gives the end user a safe way of exploring the waterbody. The spacious decks of these yachts are also preferred to their counterparts as bigger group bookings prove to be a win-win for users and players.

Report Segmentation

Yacht Type Coverage
Sailing
Motor
Catamaran
Yacht Sub – Type Coverage
Classic
Open
Large
Yacht Size Coverage
Small
Medium
Large
Yacht Usage Coverage
Corporate
Retail
Others
Geographical Coverage
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Rest of Middle East & Africa
Leading Companies
Boatsetter
Burgess
Charter Yachts Australia
CharterWorld LLP
Dream Yachts Charter
Fraser Yachts (Marine Max Group Subsidiary)
Nautal
Zizooboats GmbH
Yachtico, Inc.
Simpson Yachts Charter
Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, BREXIT Impact Analysis, Electrification, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain), Key Trends

Table Of Contents

1. Executive Summary
1.1. Global Yacht Charter Market : Snapshot
1.2. Future Projections, 2018 - 2027, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights

2. Yacht Charter Market Outlook
2.1. Market Definitions and Segmentation
2.2. Market Dynamics
2.2.1. Driver
2.2.2. Restraint
2.2.3. Industry Challenges & Opportunities
2.3. Market Forces Analysis
2.3.1. Value Chain Analysis
2.3.2. Porters Five Forces Analysis
2.3.3. SWOT Analysis
2.4. Impact Analysis
2.4.1. Pre and Post Covid-19 Analysis
2.4.2. Economic Indicators (GDP Per Capita, BREXIT Analysis, etc.)
2.4.3. Electrification
2.4.4. Parent Industry Trends

3. Global Yacht Charter Market Outlook, 2017 - 2026
3.1. Global Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2028, (US$ Mn)
3.1.1. Key Highlights
3.1.1.1. Market Growth & Projections (Y-o-Y)
3.1.1.2. Market Share Analysis, By Yacht Type, 2019 & 2027
3.1.2. Sailing
3.1.3. Motor
3.1.4. Catamaran
3.1.5. Market Attractiveness Analysis, By Yacht Type

Complete TOC..!!!

Europe Remains at Forefront of Global Yacht Charter Market

As of 2020, Europe held a share of about 48% in the global yacht charter market. The rise of tourists across Europe’s coastline has given the regional market a boost. Turkey and Italy have been hubs for yacht charters and are expected to keep the European yacht charter market at the forefront in the coming years. The overall attraction of travelling to Europe, strong presence of players offering flight bookings along with collaborations with yacht charter companies is expected to drive the regional market.

Some of the key players operating the global yacht charter market are Fraser Yacht, Boatbound Inc., CharterWorld LLP, Charter Yachts Australia, Thai Charters, Mertello Fairline Yacht, Dream Yacht Charter, Incrediblue Ltd., Burgess, Yachtico, Inc., Boat International Media Ltd., Inter Yacht Charter, Nicholson Yachts, Simpson Marine, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Yachting Company, Super Yacht Logistics, LLC., West Coast Marine Yacht Service Pvt Ltd., Yacht Charter Fleet, and Zizooboats GmbH.

Key Market Players in Video Conferencing Landscape

Google LLC, Adobe Inc., Cisco Systems, Inc., Microsoft Corporation, Huawei Technologies Co., Ltd., Logitech International S.A., Avaya Inc., Array Telepresence Inc., and Zoom Video Communications, Inc. constitute some of the leaders in global video conferencing market. Subscription-based models have been recently picking up as a popular trend among top vendors in the video conferencing space.

While Zoom became the overnight hero amid COVID-19 pandemic situation, it has successfully retained its position as one of the most prominent and sought-after industry leaders over the recent past. Besides, some other popular platforms like Cisco Webex, and Microsoft Teams also represent a sizeable share in the corporate video conferencing market. Other virtual events continue to be held on other platforms, including Airmeet, HeySummit, Hubilo, Hopin, GoToWebinar, and BigMarker.

Yacht Charter Market Press Release: https://www.fairfieldmarketresearch.com/press-release/global-yacht-charter-market

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Issued By Fairfield Market Research
Country United Kingdom
Categories Automotive , News
Tags Yacht Charter Market , Yacht Charter Market Size , Yacht Charter Market Share , Yacht Charter Market Demand , fairfield market research , market research report , global report , yacht charter
Last Updated March 4, 2022