Home / Transport & Logistics / Yacht Charter Market By Yacht Type (Sailing Yachts, Motor Yachts), By Yacht Size (Small (Upto 30m), Medium (30 To 60m), Large (Above 60m)), By Contract Type (Bareboat Charter, Crewed Charter) - Growth, Future Prospects & Competitive Analysis, 2020 – 2028

Yacht Charter Market By Yacht Type (Sailing Yachts, Motor Yachts), By Yacht Size (Small (Upto 30m), Medium (30 To 60m), Large (Above 60m)), By Contract Type (Bareboat Charter, Crewed Charter) - Growth, Future Prospects & Competitive Analysis, 2020 – 2028


Published: Jan 2021

“The COVID-19 pandemic brought an unprecedented decline in the overall yacht charter market”

The global Yacht charter market was valued at US$ 10.91 Bn in 2019 witnessing a steady growth in the recent years. However, with the onset of the COVID-19 pandemic, almost all operations in the yacht charter market were halted due to severe lockdown restrictions and lack of tourism. Thereby, the overall global yacht charter market witnessed a decline of about 85% in 2020, accounting to only US$ 1.63 Bn in terms of market value. However, with easing lockdown restrictions in most countries coupled with resumption of the overall tourism industry, the yacht charter market is expected to steady reach pre-COVID-19 levels by 2022. On account of the significant drop in 2020 and estimated quick recovery in 2021 and 2022, the global yacht charter market is expected to bounce back with a CAGR of 25.6% during the forecast period from 2020 to 2028. 

Yacht Charter market is expected to bounce back with a CAGR of 25.6% during the forecast period from 2020 to 2028

"Consistently growing number of high net worth individuals to drive the global yacht charter market"

2020 to 2028The market is highly driven by rising inclination towards luxury cruising worldwide. This further complemented by consistently increasing number of high net worth individuals globally. In 2020, the number of high net worth individuals worldwide increased by nearly 9%, according to 2020 World Health Report by Capgemini. This represents a promising user base for yacht charter companies. With increasing interest in luxury cruising along with consistently increasing number of high net worth, especially in Asia Pacific, the yacht charter market is set to register robust growth over the forecast period. 

"Motor yachts segment to lead the market throughout the forecast period"

Motor yachts segment led the overall yacht charter market in 2019. The segment contributed to over 70% of the total market value generated worldwide. Despite the exotic experience offered by sailing yachts, motor yachts are typically more preferred over the counterparts. This is primarily due to higher speed, power, space and luxury offered by motor yachts as compared to sailing yachts. Motor yachts have larger space for entertainment, bigger cabins and usable deck space. In addition, they are easier to operate as compared to sailing boats. Thus, people with limited sailing experience prefer chartering motor yachts. Other features offered by motor yachts include sophisticated communication & navigation systems, electronic entertainment systems and amenities. 

"Europe dominates the market with more than 50% market share; Asia Pacific to emerge as the next promising market"

Europe led the overall yacht charter market worldwide with market share, in terms of value, of over 50% in 2019. The European market is principally governed by Mediterranean countries including Greece, Croatia, Italy, Spain and France among others in the region. In addition, the U.K., Germany and some of the Nordic countries too form major markets for yacht chartering business. The market growth in Europe is primarily supported by favorable climate and spectacular natural beauty. In addition, the region is home to the 2nd highest number of high net worth individuals worldwide. This has further ensured substantial demand for yacht charter services in the region. 

Asia Pacific is set to register the fastest growth in yacht charter over the forecast period. The market here is majorly governed by steadily increasing discretionary income of the people in the region. Similarly, growing interest of people in luxury cruising is another important factor supporting the market growth. Southeast Asia has witnessed profound growth in yacht charter market since the past few years. Apart from the regional tourists, number of Western tourists too has increased dramatically over the period. One of the most prominent factors driving yacht charter business in Asia Pacific is relatively low cost of cruising as compared to Western destinations. In addition, improving infrastructure plays a prominent role in supporting the regional yacht charter market growth. 

"Geographic expansion and service enhancement to remain the key strategies"

The overall yacht charter market is quite consolidated in nature with major companies such as TUI Marine (including Sunsail, Le boat and Footloose), Dream Yacht Charter and Kiriacoulis among others holding the majority of market share. These companies primarily have their operations in Europe and North America having strong yacht charter sector. In case of Asia Pacific, the region is home to large number of regional yacht charter companies serving limited number of countries, making the market quite fragmented in the region. This is attributed to low popularity of yacht chartering in the current scenario. 

However, with growing popularity of yacht chartering in Asia Pacific, companies are taking efforts to increase their presence in the region. For instance, in February 2018, Fraser Yachts announced the opening of its new offices in Indonesia, Hong Kong, Thailand, Vietnam and the Philippines. The expansion was made taking into consideration the rapid growth observed in yacht chartering sector of the region. Apart from geographic expansion, companies also focus on increasing their vacation packages for multiple destinations. 

Another prominent strategy adopted by yacht charter companies is continual efforts towards improving the yachting experience for their users. With increasing popularity of yacht chartering, users are now more inclined towards luxury cruising that provides numerous facilities and superior experience. As a result, yacht charter companies are investing on improving facilities such as online booking, internet connectivity and improved hospitality onboard.

Historical & Forecast Period

This research report presents the analysis of each segment from 2018 to 2028 considering 2019 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2028.

Report Scope by Segments

The yacht charter market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global yacht charter market based on yacht type, yacht size, contract type and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2018-2028
Base Year 2019
Forecast Period  2020-2028
Historical Year  2018
Unit  US$ Bn
Segmentation

 Yacht Type Segment (2018-2028; US$ Bn)
 • Sailing Yacht
 • Motor Yacht

 Yacht Size Segment (2018-2028; US$ Bn)
 • Small (Upto 30 meters)
 • Medium (30 to 60 meters)
 • Large (More than 60 meters)

 Contract Type Segment (2018-2028; US$ Bn)
 • Bareboat Charter
 • Crewed Charter

 Geography Segment (2018-2028; US$ Bn)
 • North America (U.S., Canada, Caribbean Islands)
 • Europe (U.K., France, Italy, Spain, Greece, Croatia, Rest of Europe)
 • Asia Pacific (China, Japan, Southeast Asia, India, Australasia, Rest  of APAC)
 • Rest of the World (Middle East and Africa, Latin America)

Key questions answered in this report

  • What was the market size of yacht charter in 2019 and forecast up to 2028?
  • Which is the largest regional market for yacht charter?
  • What are the top destinations for yacht charter?
  • What are the key market trends observed in the yacht charter market?
  • Which is the most promising yacht type and yacht size in yacht charter market?
  • Which is the most popular contract type preferred worldwide?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?

Unique data points of this report

  • Statistics on high net worth individuals (HNWI) and ultra-high net worth individuals (UHNWI) per region
  • The market size for yacht charter services has been calculated on concrete parameters including distribution of HNWI & UHNWI worldwide, luxury goods & services industry scenario and regional yacht industry
  • In addition, dynamics in tourism industry across different geographies have been equally considered for estimating the growth rate and forecast market size
  • Attractive investment proposition for yacht size segment as well as geography
  • Comparative scenario for all the segments for years 2019 (actual) and 2028 (forecast)

TABLE 1 Market Snapshot: Global Yacht Charter Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 5 North America Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 6 North America Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 7 U.S. Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 8 U.S. Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 9 U.S. Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 10 Canada Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 11 Canada Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 12 Canada Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 13 Caribbean Islands Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 14 Caribbean Islands Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 15 Caribbean Islands Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 16 Europe Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 17 Europe Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 18 Europe Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 19 U.K. Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 20 U.K. Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 21 U.K. Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 22 France Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 23 France Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 24 France Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 25 Italy Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 26 Italy Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 27 Italy Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 28 Spain Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 29 Spain Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 30 Spain Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 31 Greece Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 32 Greece Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 33 Greece Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 34 Croatia Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 35 Croatia Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 36 Croatia Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 37 Rest of Europe Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 38 Rest of Europe Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 39 Rest of Europe Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 40 Asia Pacific Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 41 Asia Pacific Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 42 Asia Pacific Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 43 China Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 44 China Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 45 China Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 46 Japan Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 47 Japan Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 48 Japan Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 49 Southeast Asia Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 50 Southeast Asia Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 51 Southeast Asia Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 52 India Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 53 India Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 54 India Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 55 Australasia Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 56 Australasia Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 57 Australasia Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 58 Rest of Asia Pacific Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 59 Rest of Asia Pacific Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 60 Rest of Asia Pacific Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 61 RoW Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 62 RoW Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 63 RoW Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 64 MEA Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 65 MEA Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 66 MEA Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 67 Latin America Yacht Charter Market Value, By Yacht Type, 2018 – 2028 (US$ Bn)
TABLE 68 Latin America Yacht Charter Market Value, By Yacht Size, 2018 – 2028 (US$ Bn)
TABLE 69 Latin America Yacht Charter Market Value, By Contract Type, 2018 – 2028 (US$ Bn)
TABLE 70 Boat International Media Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 71 Boatbookings.com: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 72 Camper & Nicholsons International Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 73 Charterworld Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 74 Collaborative Boating, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 75 Cosmos Yachting Ltd. (CenturyLink, Inc.): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 76 Dream YC SARL: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 77 Fairline Yachts Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 78 Fraser Yachts: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 79 Kiriacoulis Mediterranean Cruises Shipping SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 80 Le Boat : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 81 Nigel Burgess Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 82 Northrop & Johnson, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 83 Sailogy SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 84 Sunsail, Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 85 The Moorings : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 86 Yachtico, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 87 Zizooboats GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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