Yacht Charter Market to Generate $ 20202.5 million, Globally, by 2032 at 6.9% CAGR: Allied Market Research

News provided by

Jan 08, 2024, 10:20 ET

The global yacht charters market has witnessed growth due to rise in water sports and recreation activities along with surge in number of private islands on cruise itineraries.

PORTLAND, Ore., Jan. 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Yacht Charter Market by Type (Motorized yacht, Sailing Yacht and Others), Size {(Small (up to 30m), Medium (30m-50m), large (over 50m)}, and Application (Vacation/Leisure, Sailing and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global yacht charter market size was valued at $ 11405.2 million in 2022 and is projected to reach $ 20202.5 million by 2032, registering a CAGR of 6.9% from 2023 to 2032.

(We are providing yacht charter industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)

116 - Tables
45 - Charts
255 - Pages

Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/2888

Prime determinants of growth

Market expansion is being propelled by various factors such as growth of water sports and recreation activities and increase in number of private islands on cruise itineraries. However, the high cost associated with yacht charter and the weather and safety concerns hamper the growth of the market. Moreover, increased involvement of intermediaries & hybrid business models and a change in yacht infrastructure are expected to provide opportunities for market growth during the forecast period.

Report Coverage and Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$ 11405.2 million
Market Size in 2035	$ 20202.5 million
CAGR	6.9 %
No. of Pages in Report	255
Segments covered	Size, Type, Application, and Region.
Drivers	Growth of water sports and recreation activities. Increase in number of private islands on cruise itineraries.
Opportunities	Weather and safety concerns associated with yacht charter. Increased involvement of intermediaries & hybrid business models.
Restraints	High cost associated with yacht charter. Weather and safety concerns associated with yacht charter.

The Small (Upto 30m) segment to maintain its leadership status throughout the forecast period

By size, the small (upto 30m) segment held the highest market share in 2022, accounting for more than two-fifth of the global yacht charter revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 7.3% from 2023 to 2032, owing to the water sports enthusiasm.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/2888

The motor yacht segment to maintain its leadership status throughout the forecast period

By type, the motor yacht segment held the highest market share in 2022, accounting for more than three fourth of the global yacht charter market.

The Vacation/ Leisure segment to maintain its lead position during the forecast period

By application, the Vacation/ Leisure segment accounted for the largest share in 2022, contributing to nearly half of the global Yacht charters Market revenue, and is estimated to maintain its leadership status throughout the forecast period.

Europe to maintain its dominance by 2032

By region, Europe held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global Yacht charters Market revenue. However, the Asia-Pacific is expected to witness the fastest CAGR of 7.9% from 2023 to 2032.

Key Developments in the Yacht Charter Industry:

In October 2023, IYC, the yacht brokerage firm, initiated a new venture into the Middle East by establishing its inaugural branch in Dubai. This expansion is a result of a collaboration with Vision Investments Limited, a subsidiary of Al Ameeri Group Holding, marking IYC's fifteenth global location.
In September 2022, the watercraft rental platform Boatsetter secured a funding of $70 million, aiming to transform into the "Airbnb of boats" with a goal to feature 50,000 listings in 700 global locations. This funding demonstrates Boatsetter's commitment to expanding its presence and offerings in the yacht charter market.

Key Highlights of the Report:

The report presents a comprehensive analysis of the truck yacht charter market, offering detailed insights into market dynamics, trends, and key players.
The yacht charter market share has been thoroughly examined from 2022 to 2032, providing a comprehensive understanding of the industry's growth trajectory.
The research study includes the latest developments in the yacht charter market, keeping stakeholders informed about emerging trends and innovations.
Top companies operating in the industry have been profiled in the research study, offering a detailed overview of their strategies, market presence, and contributions to the yacht charter sector.
The research study encompasses various segments and regions, providing a holistic view of the market landscape and helping stakeholders make informed decisions.

Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/yacht-charter-market/purchase-options

Leading Market Players: -

Volkswagen Group
Ford Motor Company
Renault S.A
AB Volvo
General Motors
Mercedes-Benz AG (Daimler AG)
Toyota Motor Corporation
Tesla, Inc.
BMW AG
Hyundai Motor Group

The report provides a detailed analysis of these key players in the global yacht charters market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Yacht Industry:

U.S. 60-80 Feet Motorized Yacht Charter Market Research Report 2023-2032

Superyacht Market Research Report 2023-2032

Hydrogen-Powered Yacht Market Research Report 2023-2032

Cruise Ship Market Research Report 2023-2032

Electric Boat Market Research Report 2023-2032

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com