Categories: Market Research

Global Yacht Charters Market Size and Forecast 2023-2032|Fraser Yachts Florida Inc., Yachtico Inc., Boat International Media Ltd., Dream Yacht Charter, Northrop & Johnson,

The Yacht Charters Global Market Report 2023 by The Business Research Company, provides yacht charters 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 Charters Global Market Report 2023, 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.

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The yacht charters market is segmented:

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

Strategic partnerships are a key trend gaining popularity in the yacht charters market. Major companies operating in the yacht charters market are entering into partnerships to strengthen their position in the yacht charters market. For instance, in July 2022, Fraser Yachts, a US-based yachting company, partnered with Mandarin Oriental Exclusive Homes. The partnership aims to combine a 7-night yacht rental supplied by Fraser Yachts with a 7-night stay at Mandarin Oriental Exclusive Home. Mandarin Oriental Exclusive Homes is a US-based hotel group that offers luxurious home stays.

The yacht charters market report table of contents includes:

1. Executive Summary

2. Yacht Charters Market Characteristics

3. Yacht Charters Market Trends And Strategies

4. Yacht Charters Market – Macro Economic Scenario

5. Yacht Charters Market Size And Growth

26. Africa Yacht Charters Market

27. Yacht Charters Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Yacht Charters Market

29. Yacht Charters Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: