Yacht Charter Global Market Report 2022



Major players in the yacht charter market are Northrop & Johnson, Yachtico Inc., Sailogy SA, Burgess, Princess Yacht Charter, Fraser Yacht, Beneteau SA, Sunseeker International Ltd., The Moorings Limited, Camper & Nicholsons International Ltd.

NEW YORK, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Yacht Charter Global Market Report 2022 – https://www.reportlinker.com/p06351377/?utm_source=GNW
Sunsail Worldwide Sailing Ltd., Argo Nautical Limited, Kiriacoulis Mediterranean Cruises Shipping SA, Boat International Media Ltd and Le Boat.

The global yacht charter market is expected to grow from US$12.13 billion in 2021 to US$13.39 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The yacht charter market is expected to grow to US$19.29 billion by 2026 at a compound annual growth rate (CAGR) of 9.5%.

The yacht charter market consists of the sale of yacht charters by companies (organizations, sole proprietorships and partnerships) used for a period of time as part of the marine tourism for luxury experiences. Yacht charter refers to a contract for the provision of sailing or motor yachts on a temporary basis.

The charterer or shipowner rents out his ship at a certain price. The skipper of the yacht does not have to be the person chartering the yacht.

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The main types of yacht charter are motor yachts, sailing yachts and other types. A sailing yacht refers to a small boat that uses wind power to propel it forward.

The contract includes bareboat charters and crewed charters. The different sizes include large, medium and small and are used for vacation or leisure, sailing and other applications.

Europe was the largest region in the yacht charter market in 2021. North America is projected to be the fastest growing region during the forecast period.

Regions covered in Yacht Charter market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Yacht Charter Market Research Report is one of a series of new reports providing statistics on the Yacht Charter market, including global Yacht Charter industry market size, regional shares, competitors with a Yacht Charter market share, detailed Yacht Charter market segments, market trends and opportunities, and all further data, you need to be successful in the yacht charter industry. This Yacht Charter Market Research Report provides a complete overview of everything you need with an in-depth analysis of the current and future scenario of the industry.

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The growing popularity of luxury sea tourism is expected to drive the growth of the yacht charter market in the future. Marine tourism refers to recreational activities that involve travel away from home and have the marine environment as the host or primary focus.

Yacht charter is widely used as a premium form of sea tourism for luxurious and great experiences. For example, according to India.com, an India-based news portal, luxury cruise tourism saw a 50% growth in 2019. The total number of cruise calls to Chennai, Cochin, Mumbai, Mangalore and Mormugao was 285 in 2019 and is expected to increase to 593 in 2020. Hence, the growing popularity of luxury marine tourism is driving the growth of the yacht charter market.

Product innovation is a major trend gaining popularity in the yacht charter market. Large companies operating in the yacht charter market focus on developing new product innovation solutions to strengthen their position in the market.

For example, Sunseeker, a UK-based manufacturer of luxury motor yachts, launched a 30m Sunseeker 100 in April 2022, ushering in a new era in flybridge design and functionality for the UK shipyard. This was the first 29.85 meter Sunseeker with unique entertainment features at the helm, the sweeping flybridge with full wrap-around access from bow to stern which is one of the exceptional entertainment areas that define the 100 yacht.

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In January 2019, Groupe Beneteau, a France-based yacht building company, acquired Delphia Yachts for an undisclosed amount. With this acquisition, Groupe Beneteau plans to expand its production capacity in Poland as well as its new product development capability through the use of Delphia Yachts’ new prototyping and R&D facility.

Delphia Yachts is a Poland-based manufacturer of yacht charters.

The countries covered in the Yacht Charter Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and the USA.
Read the full report: https://www.reportlinker.com/p06351377/?utm_source=GNW

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