The Yacht Charter Global Market Report 2023 by The Business Research Company, provides yacht charter market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Yacht Charter Global Market Report 2023, the market size will grow from $13.51 billion in 2022 to $14.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. 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 size of yacht charter market is expected to grow to $22.02 billion in 2027 at a CAGR of 10.2%.
The growing popularity of luxury marine tourism is expected to propel the growth of the yacht charter market going forward. Marine tourism refers to leisure endeavors entailing travel away from one’s home and having the marine environment as their host or main focus. Yacht charters are widely used as a premium form of marine tourism for luxurious and tremendous experiences.
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The yacht charter market is segmented:
1) By Type: Motorized Yacht, Sailing Yacht, Other Types
2) By Contract: Bareboat Charter, Crewed Charter
3) By Size: Large, Medium, Small
4) By Application: Vacation/ Leisure, Sailing, Other Applications
Product innovations are a key trend gaining popularity in the yacht charter market. Major companies operating in the yacht charter market are focused on developing new product innovation solutions to strengthen their position in the market. For instance, in April 2022, Sunseeker, a UK-based luxury motor yacht manufacturer, launched a 30m Sunseeker 100 that started a new era in flybridge design and functionality for the British yard. This was the first 29.85-meter sunseeker consisting of unique entertainment features at the fore, the sweeping flybridge, with complete walk-around access from bow to stern, which is one of the exceptional entertainment areas that define the 100 Yacht.
The yacht charter market report table of contents includes:
1. Executive Summary
2. Yacht Charter Market Characteristics
3. Yacht Charter Market Trends And Strategies
4. Yacht Charter Market – Macro Economic Scenario
5. Yacht Charter Market Size And Growth
…
27. Yacht Charter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Yacht Charter Market
29. Yacht Charter Market Future Outlook and Potential Analysis
30. Appendix
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