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Rapidly growing yacht charter market during 2016-2026

by Pradnya Kulkarni on 28 Sep 2017
FMI - Yacht Charter Market Pradnya Kulkarni
The worldwide yacht charter market is projected to grow at a steady rate during the forecast period, 2016-2026.

This emergent worldwide market is encouraging more companies to come into the market as well as also opting for hi-tech innovations in yachts and enhancing the services offered by the companies. The worldwide market is projected to witness a CAGR of 3.3 % to reach a market value of US$ 637 million during the forecast period, 2016-2026.

Market Segmentation
The overall market of yacht charter is categorized on the basis of consumer type, yacht type, yacht size and by region.

Forecast by consumer type
On the basis of consumer type, the market is sub-segmented into retail, corporate, individual, family/group couple and others. The retail sector is estimated to grow at a steady growth rate, by accounting for nearly 88% of market share by the year 2026. The corporate sector however is slated for slow growth during the estimation period.

Forecast by yacht type
On the basis of yacht type, the market is sub-segmented broadly into:
Motor Yacht
Displacement Type
Semi Displacement Type
Planing
Catamaran
Trimaran
Sailing Yacht
Sloop
Schooner
Catamaran
Ketch

Among other regions, the motor yacht sector will be leading the market by accounting for nearly 78% of market share by the end of 2026. The market is projected to surpass US$ 690 million in revenues by 2026. Although, the sailing yacht sector is foreseen to grow at a rather high rate during the assessment period.

Forecast by yacht size
The market in terms of yacht size is sub-segmented into:
Small (up to 30m)
Medium (30m – 50m)
Large (over 50m)

The medium sized segment is estimated to account for nearly 60% value share of the market in the eyar 2026 and remain lucrative throughout the forecast period. The small sized segment will continue to hold its second position in the market followed by the large sized segment. Both medium and large sized yachts are likely to witness sizable traction between retail customers who have a preference of group holidays through booking discounts. Conversely, the small are mostly demanded by couples and families.

Forecast by region
The overall market is studied across the four major regions, which includes Europe, North America, Middle East and rest of the world. The North American market is expected to reach over US$ 200 million of market valuation by 2026 end, exhibiting a CAGR of 3.3% during the forecast period. The European market is slated to reach a market value of over US$ 500 million during 2016-2026, registering 3.4% CAGR. However the Middle East market is expected to grow at a moderate pace by less than US$ 25 million by 2026 end.

Key Market Players

The prominent players in the overall market are:
Collaborative Boating Inc.
Antlos S.r.l.
Princess Yacht Charter
Zizooboats GmbH
TUI Group
Fraser Escape Bareboat Charters
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