Yacht Charter Market By Yacht Type, By Yacht Size, By Contract Type 2018-2026| Size and Forecast | Credence Research
Jul 8, 2019
The yacht charter market growth is highly driven due to increasing interest in luxury cruising from high net worth and ultra-high net worth individuals (UHNWI) worldwide.
SANJOSE, United States - July 8, 2019 /MarketersMedia/ —
According to a new market research report issued by Credence Research "Yacht Charter Market–Growth, Future Prospects, and Competitive Analysis, 2018–2026," the global yacht charter market is anticipated to grow to reach US$ 15.86 billion by 2026 with a CAGR of 5.4 percent over the forecast period.
*By Yacht Type – Sailing Yacht and Motor Yacht; Yacht Size – Small (Upto 30m), Medium (30 to 60m) and Large (Above 60m);
*By Contract Type – Bareboat Yacht Charter and Crewed Yacht Charter
Market Insights:
Increasing interest in luxury cruising from high net worth and ultra-high net worth individuals (UHNWI) worldwide drives the yacht charter market growth. With over 200,000 households falling into the category of ultra-high net worth, yacht charter has achieved considerable popularity over the past few years. Similarly, according to Capgemini's 2017 World Health Report, the worldwide total high net worth individuals (HNWI) increased to a record-breaking 16.5 million by nearly 8 percent. This has ensured a promising consumer base for global yacht charter services.
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Also, the yacht charter business is set to register strong growth in the following years due to increasing people's interest in marine tourism. Over the past few years, recreational boating has witnessed enormous popularity, paving the way for yachts charter services. Increasing affluence and inclination toward luxurious lifestyle has significantly increased worldwide demand for yacht chartering services. The emergence of new tourist destinations (such as Southeast Asia) offering luxury cruising along with scenic beauty has encouraged HNWIs and UHNWIs worldwide to explore such tourist destinations.
Increasing efforts from yacht builders and service providers focusing on providing more luxury features and memorable experience is another important factor encouraging yacht charter business. Yacht charter companies are now more focused on providing enhanced luxury cruising to their consumers. These companies have increased their focus towards improving their infrastructure including more sophisticated bars & restaurants, internet connectivity and other related IT tools. In addition, yacht charter companies emphasize on providing online booking and guides for yacht charter. This has further facilitated the service, thereby supporting the market growth.
On the basis of type, the yacht charter market is led by motor yachts segment accounting for more than 2/3rd of the total market value. The Asia Pacific is set to register the highest growth rate of 6.0% throughout the forecast period. The market here expected to be mainly driven by the consistently growing number of millionaires in the region along with increasing popularity of Southeast Asia as the next big destination for yacht charter.
Boatbookings.com, Camper & Nicholsons International Ltd., Fraser Yachts, Le Boat (Travelopia division), Kiriacoulis Mediterranean, Sunsail, Inc. (Travelopia division), The Moorings (Travelopia division), Collaborative Boating, Inc., Cosmos Yachting Ltd., Nigel Burgess Ltd., Sailogy SA, Yachtico, Inc., Fairline Yachts Ltd., Zizooboat.
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ToC:
Chapter 1 Preface
............
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Yacht Charter Market
2.2 Global Yacht Charter Market, By Yacht Type, 2017 (US$ Bn)
2.3 Global Yacht Charter Market, By Yacht Size, 2017 (US$ Bn)
2.4 Global Yacht Charter Market, By Contract Type, 2017 (US$ Bn)
2.5 Global Yacht Charter Market, By Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Yacht Charter Market Value, 2016 – 2026, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, by Geography, 2017
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Yacht Charter Companies, 2017
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Yacht Charter Market Analysis, by Yacht Type, 2016 – 2026 (US$ Bn)
4.1 Overview
4.2 Sailing Yachts
4.3 Motor Yachts
Chapter 5 Global Yacht Charter Market Analysis, by Yacht Size, 2016 – 2026 (US$ Bn)
5.1 Overview
5.2 Small (Upto 30m)
5.3 Medium (30 to 60m)
5.4 Large (Above 60m)
Chapter 6 Global Yacht Charter Market Analysis, by Contract Type, 2016 – 2026 (US$ Bn)
6.1 Overview
6.2 Bareboat Charter
6.3 Crewed Charter
Chapter 7 North America Yacht Charter Market Analysis, 2016 – 2026 (US$ Bn)
..............
Chapter 8 Europe Yacht Charter Market Analysis, 2016 – 2026 (US$ Bn)
..............
Chapter 9 Asia Pacific Yacht Charter Market Analysis, 2016 – 2026 (US$ Bn)
..............
Chapter 10 Rest of the World (RoW) Yacht Charter Market Analysis, 2016 – 2026 (US$ Bn)
..............
Chapter 11 Company Profiles
11.1 Boat International Media Ltd.
11.2 Boatbookings.com
11.3 Camper & Nicholsons International Ltd.
11.4 Charterworld Ltd.
11.5 Collaborative Boating, Inc.
11.6 Cosmos Yachting Ltd.
11.7 Dream Yacht Charter SARL
11.8 Fairline Yachts Ltd.
11.9 Fraser Yachts
11.10 Kiriacoulis Mediterranean Cruises Shipping SA
11.11 Le Boat
11.12 Nigel Burgess Ltd.
11.13 Northrop & Johnson, Inc.
11.14 Sailogy SA
11.15 Sunsail, Inc.
11.16 The Moorings
11.17 Yachtico, Inc.
11.18 Zizooboats GmbH
.....................toc continued
Browse Full Report: https://www.credenceresearch.com/report/yacht-charter-market
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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