This segment is also expected to exhibit the fastest growth over the forecast period. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. The online booking platforms are also expected to decrease the operational cost per booking, since, online reservation portal/software comes with considerably lower startup costs as compared to setting up a conventional physical office location. High preference for spending quality time during a short vacation in exceptional and remarkable accommodations has increased the adoption of crew-yacht over the years. Furthermore, high-net-worth individuals are squeezing in more travel itineraries into shorter time frames. We've set up our website as a virtual brochure of yachts based on guest count and yacht size to make it simple. For instanceIn April 2020, MYSEA announced that it has been appointed as the Global Charter Central Agent for the M/Y FLEUR yacht. The Luxury Yacht Charter Marketplace Find and book your dream yacht through YachtCharterFleet, the world's leading luxury yacht charter comparison site. The new motor yacht has a sleek and modern design with spacious and stylish interiors by famous studio Redman Whiteley Dixon. The service providers can earn more profit by synchronizing their offline efforts with online portals. View ALL superyachts available to rent, get expert advice from our comprehensive destination guides and be inspired by our bespoke superyacht … The improved standard of living owing to a rise in disposable income is a critical factor responsible for the changing consumer preference. This report is an essential reference for who looks for detailed information on Global Yacht Sales and Charter market 2020 To 2025. © 2021 GlobeNewswire, Inc. All Rights Reserved. The yacht charter market is expected to register a significant CAGR during the forecast period, owing to rise in number of younger customers, who want to experience sailing holidays, booking yachts. 1 . For the purpose of this study, Grand View Research has segmented the global yacht charter market report on the basis of yacht type, yacht length, contract type, and region: Yacht Type Outlook (Revenue, USD Million, 2016 - 2027), Yacht Length Outlook (Revenue, USD Million, 2016 - 2027), Contract Type Outlook (Revenue, USD Million, 2016 - 2027), Regional Outlook (Revenue, USD Million, 2016 - 2027). The market participants are also focusing on improving the yachting experience for their customers. The report presents a deep study of the market growth factors and drivers, In-depth research of the Yachts Charter … Regionally, Mediterranean is expected to retain its dominance in the market. Addition or alteration to country, regional & segment scope. For instance, in January 2020, the French Tax Authorities released an Official Tax Bulletin (BOFIP BOI-TVA-CHAMP-20-50-30-20200129) with some new rules which will be affecting charter contracts signed after March 30th, 2020. A newly launched yacht along with experienced and popular charter crew will definitely cost higher and also if the yacht has any history of celebrity ownership.Different charter companies offer different programs in which any yacht owner can contract its unused yacht to any charter company that can maximize the charter potential of the yacht, which in turn will create a new revenue source for the yacht owner.Key Market TrendsIncrement in Fleet Size is Driving the MarketVarious yacht charter companies are adding new yachts for staying ahead from their competitors as various charter companies have contracts with the yacht manufacturer that the new yacht being launched will be first provided to them for chartering. Moreover, it has been observed yacht chartering is highly preferred among the younger generations. Key Topics Covered: 1 INTRODUCTION2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Industry Attractiveness - Porter's Five Forces Analysis5 MARKET SEGMENTATION5.1 By Charter Type5.1.1 Bareboat5.1.2 Cabin5.1.3 Crewed5.2 By Yacht Source5.2.1 Sailing Yacht5.2.2 Motorboat Yacht5.2.3 Others5.3 By Geography6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Dream Yacht Charter6.2.2 Yachtico6.2.3 Asta Yachting6.2.4 OceanBLUE Yachts Ltd.6.2.5 Simpson Marine6.2.6 Ocean Independence6.2.7 Imperial Yachts6.2.8 Northrop and Johnson6.2.9 Y.CO6.2.10 Burgess 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/5ojz8i. Rising popularity of recreational activities supported by the increasing participation in marine recreational activities in countries such as Australia, China, Thailand, Indonesia, and Singapore is also expected to bolster the regional growth. Yacht Charter Market Size And Forecast. Europe emerged as the largest regional market in 2019 and is expected to continue leading over the forecast period. Also, the growing trend of luxury travel is expected to create growth opportunities for the global market in the near future. The yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. The motor-yacht segment is also expected to emerge as the fastest-growing segment during the forecast period. The “Yacht Charter Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.. 10 most common mistakes in the yacht charter business. Customer Relationship Management Market … Copyright © 2021 Grand View Research, Inc. All rights reserved. Explore purchase options. Despite the high Total Cost of Ownership (TCO) associated with personal yacht, the marine travel and tourism activities have not been much affected owing to the easy availability of yacht chartering. Furthermore, growing corporate tourism activities is also expected to significantly contribute to support the demand. Some of the major players in the market are Burgess, Northrop & Johnson, Dream Yacht Charter, amongst others. Plastic Market Size Worth $722.6 Billion By 2027. Avail customized purchase options to meet your exact research needs. Many superyachts are also available for charter along with explorer/expedition yachts. Yacht Charter Market Outlook 2021-2027: The global yacht charter market was valued at $15,205.24 million in 2018, and is projected to reach $27,793.57 million by 2027, registering a CAGR of 15.0%. Who are the key players in the yacht charter market? Yacht Charter Market was valued at USD 15.3 Billion in 2019 and is projected to reach USD 24.8 Billion by 2027, growing at a CAGR of 6.2 % from 2020 to 2027.. Key factors that are driving the market growth include growing preference among travelers for luxury marine tourism and growing participation of people in competitive and recreational boating activities. Tour the city in a boat built for luxury with a yacht charter in New Jersey. New York Yacht Sales operates a fleet of vessels that are available for charter. The yacht charter market is anticipated to register a CAGR of about 4% during the forecast period (2020 - 2025). In Asia-Pacific, Japan dominated the yacht charter market in 2018, whereas … online dashboard trial. This website is secure and your personal details are safe. The segment below 20ft is expected to hold the second position after 20ft to 50ft segment in terms of both year-on-year growth as well as market share in the forthcoming years. The Yacht Charter market in the U.S. is estimated at US$1.8 Billion in the year 2020. Yachts length below 20ft and 20ft to 50ft segment can be used for both recreational as well as personal purposes. The yacht charter market is expanding rapidly, as it is a more cost-effective solution than ownership, and chartering a yacht saves year-round maintenance costs. A majority of yacht charter customers are … The rising popularity of yacht booking for corporate and anniversary parties is expected to boost the demand in the near future. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. Furthermore, government initiatives for the development of tourism activities in countries such as India and China are anticipated to drive the growth. Request discounts available for Start-Ups & Universities. Also, rising number of promotional events, growing number of yacht service providers, and increasing availability are some of the factors supporting the growth of the market. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Europe dominates the market in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. The yachts charter … We never share your personal data. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. The growth of less than 20 ft segment is owing to easy availability at affordable charges and low maintenance requirements. However, recently the outbreak of Covid-19 has affected the GDPs of various countries such as China, South Korea, and Italy. "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)", https://www.researchandmarkets.com/r/5ojz8i. Rising participation of people in competitive and recreational boating activities across the globe is expected to boost the market. As long as any boat is in EU waters it is fully subjected to VAT.Competitive LandscapeThe yacht charter market is moderately fragmented, has a number of active players, and also the market is witnessing the emergence of many new startups. Beneteau S.A; Sunseeker International Ltd.; The Moorings Limited; Camper & Nicholsons International Ltd.; Sunsail Worldwide Sailing Ltd.; Argo Nautical Limited; Kiriacoulis Mediterranean Cruises Shipping S.A.; Boat International Media Ltd.; Yachtico Inc.; and Fraser Yachts Florida Inc. Free report customization (equivalent up to 8 analysts working days) with purchase. Along with that, it has also added 55M / 180' STEEL from Pendennis which is an explorer yacht with features such as hot tub on the spacious sun deck.Along with the addition of new yachts in the fleet charter companies have invested huge amounts for upgrading their fleet. Whether it's a Wedding Cruise out of NYC or New Jersey, a New York Harbor Corporate Yacht Charter… Yacht Charter In New York. Automotive Tire Market to 2021: Latest Industry Trends and Demand, Insights and Forecast 2027 Yacht Charter Market Size Industry Analysis, Size, Trends, Growth And Outlook 2024 Analysis of COVID-19 Crisis-driven Growth Opportunities in Caster wheels Market Please fill out the form below for a free PDF report sample & This is attributable to high number of high-net-worth individuals and growing popularity of water adventures & fishing activities in the region. Among yacht types, the market will witness high growth in motor yacht … Get your queries resolved from an industry expert. 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