Transparency Market Research has published a new report on the global yacht charter for the forecast period of 2019–2027. According to the report, the global yacht charter market is projected to reach ~US$ 25.5 Bn by 2027, expanding at a CAGR of ~7% during the forecast period.
Global Yacht Charter Market: Key Insights
Expansion of Global Yacht Charter Market
Based on yacht size, the medium segment held a leading share of the yacht charter market. The small segment also held a significant share; however, demand is gradually shifting toward mid-sized yachts, owing to the preference for luxury.
In terms of customer, the corporate and retail segments accounted for leading shares of the global yacht charter market. Chartered yachts are increasingly being utilized for corporate events, worldwide. Yachts chartered by corporates are emerging as a venue for investors’ meets and client presentations. The retail segment comprises travel agencies and brokers who book yachts. Retailers manage the travel, negotiations, contracts, and taxes related to hiring a yacht, which saves the end user from these hassles.
Regional Analysis of Global Yacht Charter Market
In terms of region, the global yacht charter market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a notable share of the global yacht charter market, owing to the high demand from areas surrounding the Mediterranean Sea. The yacht charter market in Europe has been expanding, owing to the high preference for nautical tourism in the region. Croatia and Greece, together, held a major share of the yacht charter market in Europe, due to scenic coastlines and rise in nautical tourism in these countries.
Global Yacht Charter Market: Key Players
Prominent players operating in the global yacht charter market include Boat International Media Ltd., Boatbound Inc., Burgess, Charter Yachts Australia, CharterWorld LLP, Dream Yacht Charter, Fairline Yacht, Fraser Yacht, Incrediblue Ltd., Inter Yacht Charter, Mertello Yachting and Company, Nicholson Yachts, Northrop & Johnson, Sailing Thailand Island Cruises Co., Ltd., Simpson Marine, Super Yacht Logistics, LLC., Thai Charters, West Coast Marine Yacht Service Pvt Ltd., Yacht Charter Fleet, Yachtico, Inc., and Zizooboats GmbH.
Global Yacht Charter Market: Segmentation
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