The Business Research Company’s Yacht Charters Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Yacht Charters Global Market Report 2023 evaluates yacht charters market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global yacht charters market size 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 market size of global yacht charters is expected to grow to $21.69 billion in 2027 at a CAGR of 8.4%.
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 the 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.
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The yacht charters market segments in the report are:
1) By Yacht Type: Sailing Yachts, Motor Yachts, Catamaran Yachts
2) By Charter Type: Bareboat, Cabin, or Crewed
3) By Length: Up To 20 Ft, 20 To 50 Ft, Above 50 Ft
4) By Application: Vacation Or Leisure, Sailing
The table of contents in TBRC’s yacht charters market report includes:
- Executive Summary
- Yacht Charters Market Characteristics
- Yacht Charters Market Trends And Strategies
- Yacht Charters Market – Macro Economic Scenario
- Yacht Charters Market Size And Growth
- Yacht Charters Market Segmentation
- Yacht And Country Analysis
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- Key Mergers And Acquisitions In The Yacht Charters Market
- Yacht Charters Market Future Outlook and Potential Analysis
- Appendix
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