High purchasing power capital and expensive yacht ownership costs are pushing cost-conscious millennials toward more cost-effective yacht rental options. The growth of the yacht rental market has been helped by younger consumers who prefer to pay to charter rather than buy out their boats for luxurious adventures. In addition, consumers seeking luxury and comfort on the road are shifting their preference from booking luxury hotels to renting yachts, which is also expected to become a profitable trend in the yacht rental market. Europe has a beautiful and large area of ideal sailing area, the region is the world's premier destination for luxury charter flights.
This report contains market size and forecasts of Luxury Yacht Charter in Global, including the following market information:
Global Luxury Yacht Charter Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Luxury Yacht Charter market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sailing Yachts Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Luxury Yacht Charter include Yachtico, Zizooboats, Boat International Media, Charterworld, Burgess, Incrediblue, Boatbound, Martello Yachting and Northrop & Johnson, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Luxury Yacht Charter companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Luxury Yacht Charter Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Luxury Yacht Charter Market Segment Percentages, by Type, 2021 (%)
Sailing Yachts
Classic Yachts
Motor Yachts
Catamaran Yachts
Open Yachts
Others
Global Luxury Yacht Charter Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Luxury Yacht Charter Market Segment Percentages, by Application, 2021 (%)
Individual
Family/Group
Corporate
Other
Global Luxury Yacht Charter Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Luxury Yacht Charter Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Luxury Yacht Charter revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Luxury Yacht Charter revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Yachtico
Zizooboats
Boat International Media
Charterworld
Burgess
Incrediblue
Boatbound
Martello Yachting
Northrop & Johnson
Fairline Yacht
Super Yacht Logistics
Fraser Yachts
West Coast Marine Yacht Services
Orvas
Yachting Partners International
Croatia
Charter Index
Windward Islands
Boat International
Bluewater Yachting