Yacht Charter Global Market to Reach $19.29 Billion by 2026 at a CAGR of 9.5% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Yacht Charter Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global yacht charter market is expected to grow from $12.13 billion in 2021 to $13.39 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The yacht charter market is expected to grow to $19.29 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%.

The main types of yacht charter are motorized yachts, sailing yachts, and other types. A sailing yacht refers to a small boat that uses wind power to propel it forward. The contract includes bareboat charter, and crewed charter. The various sizes include large, medium, and small and are used in vacation or leisure, sailing, and other applications.

Europe was the largest region in the yacht charter market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in yacht charter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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. For instance, in 2019, according to India.com, an India-based news portal, the luxury cruise tourism, the industry has seen a 50% increase in growth. The total number of cruise calls on Chennai, Cochin, Mumbai, Mangalore, and Mormugao was 285 in 2019 and is expected to climb to 593 in 2020. Therefore, the growing popularity of luxury marine tourism is driving the growth of the yacht charter market.

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.

Scope

Markets Covered:

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

Key Topics Covered:

1. Executive Summary

2. Yacht Charter Market Characteristics

3. Yacht Charter Market Trends And Strategies

4. Impact Of COVID-19 On Yacht Charter

5. Yacht Charter Market Size And Growth

6. Yacht Charter Market Segmentation

7. Yacht Charter Market Regional And Country Analysis

8. Asia-Pacific Yacht Charter Market

9. China Yacht Charter Market

10. India Yacht Charter Market

11. Japan Yacht Charter Market

12. Australia Yacht Charter Market

13. Indonesia Yacht Charter Market

14. South Korea Yacht Charter Market

15. Western Europe Yacht Charter Market

16. UK Yacht Charter Market

17. Germany Yacht Charter Market

18. France Yacht Charter Market

19. Eastern Europe Yacht Charter Market

20. Russia Yacht Charter Market

21. North America Yacht Charter Market

22. USA Yacht Charter Market

23. South America Yacht Charter Market

24. Brazil Yacht Charter Market

25. Middle East Yacht Charter Market

26. Africa Yacht Charter Market

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

Companies Mentioned

• Northrop & Johnson
• Yachtico Inc.
• Sailogy S.A.
• Burgess
• Princess Yacht Charter

For more information about this report visit https://www.researchandmarkets.com/r/5mu9dv