Yacht Charter Market
PUBLISHED: 2020 ID: SMRC19668
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Yacht Charter Market

Yacht Charter - Global Market Outlook (2019-2027)

4.5 (17 reviews)
4.5 (17 reviews)
Published: 2020 ID: SMRC19668

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Yacht Charter Market is accounted for $15.36 billion in 2019 and is expected to reach $27.00 billion by 2027 growing at a CAGR of 7.3% during the forecast period. Increase in inclination toward marine tourism and growth in several private islands on cruise itineraries are some of the major factors driving the growth of the market. However, natural calamities and high cost associated with yacht charter are hampering the growth of the market.

Yachts can be privately owned (individual or by a company) or can be lent for chartering. The yachts charter is a motor-driven or sail-driven vessel that is primarily used for recreational purposes. Many luxury yacht manufacturers also provide yachts for renting as well as personal purpose to provide a seamless extravagance experience with high standards and comforts. It provides several advantages, from complete recreation to astonishing adventures. Yacht owners generally rent their yachts when they will not be using them, as it will cover some of the maintenance expenditure.

Based on the type, the sailing yachts segment is going to have a lucrative growth during the forecast period owing to the rise in demand for eco-friendly yachts among yacht enthusiasts as they are getting aware of the unfavourable effects yachting can have on the environment. Fuel pollution is one of the damaging by-products in the modern era, and a substantial amount of this comes from the yachting industry. Therefore, sailing yachts use a small amount of fuel as a comparison to motor yachts. Besides, sailing yachts are less costly and can go much further distances than motor yachts.

By geography, Europe is anticipated to hold considerable market share during the forecast period owing to the high demand from areas surrounding the Mediterranean Sea. The yacht charter market in Europe has been expanding, owing to the high preference for nautical tourism in the region. Croatia and Greece, together, held a major share of the yacht charter market in Europe, due to scenic coastlines and rise in nautical tourism in these countries.

Some of the key players profiled in the Yacht Charter Market include Boat International Media Ltd., Boatbound Inc., Burgess, Charter Yachts Australia, CharterWorld LLP, Dream Yacht Charter, Fairline Yacht, Fraser Yacht, Incrediblue Ltd., Inter Yacht Charter, Mertello Yachting and Company, Nicholson Yachts, and Northrop & Johnson.

Types Covered:
• Sailing Yachts
• Motor Yachts

Contract Type Covered:
• Bareboat Charter
• Skippered Charter
• Crewed Charter

Sizes Covered:
• Small
• Medium
• Large

Sub-Types Covered:
• Classic
• Open
• Large

Customers Covered:
• Corporate
• Retail

Applications Covered:
• Vacation/ Leisure
• Sailing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface 
          
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities         
 3.5 Threats          
 3.6 Application Analysis        
 3.7 Emerging Markets         
 3.8 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Yacht Charter Market, By Type        
 5.1 Introduction         
 5.2 Sailing Yachts         
  5.2.1 Schooner         
  5.2.2 Sloop         
  5.2.3 Ketch         
  5.2.4 Catamaran        
 5.3 Motor Yachts         
  5.3.1 Semi-Displacement        
  5.3.2 Displacement        
  5.3.3 Planing         
  5.3.4 Catamaran         
  5.3.5 Trimaran         
            
6 Global Yacht Charter Market, By Contract Type       

 6.1 Introduction         
 6.2 Bareboat Charter         
 6.3 Skippered Charter         
 6.4 Crewed Charter         
            
7 Global Yacht Charter Market, By Size     
   
 7.1 Introduction         
 7.2 Small (<30M)         
 7.3 Medium (30-50M)         
 7.4 Large (>50M)         
            
8 Global Yacht Charter Market, By Sub-Type       
 8.1 Introduction         
 8.2 Classic           
 8.3 Open          
 8.4 Large           
            
9 Global Yacht Charter Market, By Customer       

 9.1 Introduction         
 9.2 Corporate         
 9.3 Retail          
  9.3.1 Couple         
  9.3.2 Family/Group        
  9.3.3 Individual        
            
10 Global Yacht Charter Market, By Application       
 10.1 Introduction         
 10.2 Vacation/ Leisure         
 10.3 Sailing          
            
11 Global Yacht Charter Market, By Geography     
  
 11.1 Introduction         
 11.2 North America         
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe        
 11.4 Asia Pacific         
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand        
  11.4.6 South Korea        
  11.4.7 Rest of Asia Pacific        
 11.5 South America         
  11.5.1 Argentina        
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America       
 11.6 Middle East & Africa        
  11.6.1 Saudi Arabia        
  11.6.2 UAE          
  11.6.3 Qatar         
  11.6.4 South Africa        
  11.6.5 Rest of Middle East & Africa       
            
12 Key Developments          
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 12.2 Acquisitions & Mergers         
 12.3 New Product Launch        
 12.4 Expansions         
 12.5 Other Key Strategies        
            
13 Company Profiling          
 13.1 Boat International Media Ltd        
 13.2 Boatbound Inc         
 13.3 Burgess          
 13.4 Charter Yachts Australia        
 13.5 CharterWorld LLP         
 13.6 Dream Yacht Charter        
 13.7 Fairline Yacht         
 13.8 Fraser Yacht         
 13.9 Incrediblue Ltd         
 13.10 Inter Yacht Charter         
 13.11 Mertello Yachting and Company       
 13.12 Nicholson Yachts         
 13.13 Northrop & Johnson        


List of Tables           
1 Global Yacht Charter Market Outlook, By Region (2018-2027) ($MN)     
2 Global Yacht Charter Market Outlook, By Type (2018-2027) ($MN)     
3 Global Yacht Charter Market Outlook, By Sailing Yachts (2018-2027) ($MN)    
4 Global Yacht Charter Market Outlook, By Schooner (2018-2027) ($MN)     
5 Global Yacht Charter Market Outlook, By Sloop (2018-2027) ($MN)     
6 Global Yacht Charter Market Outlook, By Ketch (2018-2027) ($MN)     
7 Global Yacht Charter Market Outlook, By Catamaran (2018-2027) ($MN)     
8 Global Yacht Charter Market Outlook, By Motor Yachts (2018-2027) ($MN)    
9 Global Yacht Charter Market Outlook, By Semi-Displacement (2018-2027) ($MN)    
10 Global Yacht Charter Market Outlook, By Displacement (2018-2027) ($MN)    
11 Global Yacht Charter Market Outlook, By Planing (2018-2027) ($MN)     
12 Global Yacht Charter Market Outlook, By Catamaran (2018-2027) ($MN)     
13 Global Yacht Charter Market Outlook, By Trimaran (2018-2027) ($MN)     
14 Global Yacht Charter Market Outlook, By Contract Type (2018-2027) ($MN)    
15 Global Yacht Charter Market Outlook, By Bareboat Charter (2018-2027) ($MN)    
16 Global Yacht Charter Market Outlook, By Skippered Charter (2018-2027) ($MN)    
17 Global Yacht Charter Market Outlook, By Crewed Charter (2018-2027) ($MN)    
18 Global Yacht Charter Market Outlook, By Size (2018-2027) ($MN)     
19 Global Yacht Charter Market Outlook, By Small (<30M) (2018-2027) ($MN)    
20 Global Yacht Charter Market Outlook, By Medium (30-50M) (2018-2027) ($MN)    
21 Global Yacht Charter Market Outlook, By Large (>50M) (2018-2027) ($MN)    
22 Global Yacht Charter Market Outlook, By Sub-Type (2018-2027) ($MN)     
23 Global Yacht Charter Market Outlook, By Classic (2018-2027) ($MN)     
24 Global Yacht Charter Market Outlook, By Open (2018-2027) ($MN)     
25 Global Yacht Charter Market Outlook, By Large (2018-2027) ($MN)      
26 Global Yacht Charter Market Outlook, By Customer (2018-2027) ($MN)     
27 Global Yacht Charter Market Outlook, By Corporate (2018-2027) ($MN)     
28 Global Yacht Charter Market Outlook, By Retail (2018-2027) ($MN)     
29 Global Yacht Charter Market Outlook, By Couple (2018-2027) ($MN)     
30 Global Yacht Charter Market Outlook, By Family/Group (2018-2027) ($MN)    
31 Global Yacht Charter Market Outlook, By Individual (2018-2027) ($MN)     
32 Global Yacht Charter Market Outlook, By Application (2018-2027) ($MN)     
33 Global Yacht Charter Market Outlook, By Vacation/ Leisure (2018-2027) ($MN)    
34 Global Yacht Charter Market Outlook, By Sailing (2018-2027) ($MN)     
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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