Global Yacht Charter Market 2024-2030

    In Stock

    YACHT CHARTER MARKET

     

    INTRODUCTION TO YACHT CHARTER MARKET

    Yacht business is becoming more and more dependent on two basic thinks; design or comfort and electronic installations which allow a larger number of people to become Seamans or yacht masters. The full systems of marine electronics and communications allow less skilled skippers to navigate in relative safe way. What are the minimum required navigation, safety and communication instruments is already known from national regulations, but usually for unskilled Seamans those are not enough

     

    infographic: Yacht Charter Market, Yacht Charter Market Size, Yacht Charter Market Trends, Yacht Charter Market Forecast, Yacht Charter Market Risks, Yacht Charter Market Report, Yacht Charter Market Share

     

    Hire and chartering offers boating on your terms, when and where you want it. Charter companies offer a wide choice of boats and locations from motorboats on inland waterways to offshore sailing in far flung places. If you have never chartered before the process can seem daunting. We hope this guide helps you make an informed choice.

     

    There is no global regulatory agency that oversees charter businesses. Charter businesses can join associations such as the Marine Leisure Association (MLA), Professional Charter Association (PCA), Mediterranean Yacht Brokers Association (MYBA), and many more, which often have a code of conduct that they must follow. Because membership is voluntary, some firms do not participate, while others are members of financial protection schemes that may provide the charter with additional protection.

     

     

    YACHT CHARTER MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Abeking & Rasmussen unveils 90m Elemental sailing yacht concept Abeking & Rasmussen, Tripp Design and Studio Liaigre have teamed up on a 90-metre sailing yacht concept named Elemental Sail. Elemental Sail offers all the volume and amenities of a motor yacht in an environmentally friendlier package that will have a broader appeal to charter guests and owners alike. Global This would enhance operational capability

     

     

    YACHT CHARTER MARKET DYNAMICS

     

    SI No Timeline Company Developments
    1 December 2021 Camper and Nicholson Camper and Nicholson have been partnered with the Italian Sea Group in order to increase its Admiral and Tecnomar brands in China and Hongkong.
    2 November 2021 Green Yard Kleven  Green Yard Kleven, the shipyard which is responsible for building 107.4m Andromeda and 116m Ulysses has signed a business agreement with Yachting Partners International(YPI)
    3 March 2021 Camper and Nicholson Camper and Nicholson have partnered with Baglietto in order to announce the sale of the second hull in the DOM LINE signed by Stefano Vafiadis.
    4 March 2021 Simpson Marine Simpson Yacht have been partnered with The Peninsula Hong Kong for yacht charters in Hong Kong for all hotel guests and VIPs.

     

    The custom of hiring or chartering a sailboat or motor yacht and travelling to various coastal or island places is known as yacht chartering. This is typically a vacation activity, but it may also be a business occasion.

     

    The two main types of charters are bareboat and skippered. A person hiring a boat and skippering it oneself is referred to as a bareboat charter. The second option is to gather a group and lend the yacht to them. Most bareboat charter firms also provide basic seamanship training to prepare customers for bareboat chartering.

     

    Factors such as the rise in the number of private islands on cruise itineraries and the shift to alternative energy sources The worldwide yacht charter market is expected to be driven by rising disposable income and purchasing power.

    Infographic: Global Yacht Charter Market, Global Yacht Charter Market Size, Global Yacht Charter Market Trends,  Global Yacht Charter Market Forecast,  Global Yacht Charter Market Risks, Global Yacht Charter Market Report, Global Yacht Charter Market Share

    Additionally, market growth is expected to be boosted by an increase in the number of high-net-worth people. The marine leisure and entertainment sector makes a lot of money from water sports. The bulk of beach tourist resorts and hotels now provide such services.

     

    A growing number of tourists are looking for fun activities to do with their families and friends. As a result, the yacht charter industry is projected to benefit from corporate programmes, government programmes, and efforts aimed at promoting maritime tourism. For example, in order to promote cruise tourism and boost sea arrivals, the Indian government is improving infrastructure and services to assist port city excursions and domestic tourism.

     

    The majority of customers in North America choose to go to chartered locations in order to save money. Consumers in the United States are more concerned with comfort than with performance. The yachting season in Northern America lasts from May to October, whereas it lasts from January to September in South America. One of the greatest gatherings of private superyachts is in Florida. It has two coasts, one in the Atlantic and the other in the Gulf of Mexico, and over 30,000 lakes.

     

    Sales of local boat charters are projected to increase. Over the projected period, the European yacht charter industry is expected to present extremely profitable prospects for yacht charter companies. This region’s market has a considerable share of 31.9 percent of the global market.

     

    Europe is expected to lead the global yacht charter market because to its various tourist destinations and significant growth rate in the marine tourism industry. In Europe, partnerships between airline booking and internet charter service providers are expected to boost industry growth.

     

    Other major conclusions include the United States being a key market due to high spending on luxury vacations, Thailand’s tourist industry growing, and Indonesia and the Maldives becoming attractive yacht charter destinations.

     

    Yacht charters accounted for a significant portion of the worldwide boat market, and the growing popularity of luxury marine tourism and individualised services among passengers is boosting the yacht charter market’s growth.

     

    The advent of short-term rentals, which typically last one to three days and are not affected by seasonality, is driving growth. Due to the increased demand for short-term rentals, yacht charter service providers are focusing on regular two-day yacht charter rates, which are typically 40-50 percent of the weekly fare.

     

    Yacht builders are recognising the importance of using cutting-edge technology to create advanced smart ships with multipurpose sections. It claims that because charter yachts spend the majority of their time cruising close to the coast, investments are being made to expand the availability of 4G LTE and 5G networks, providing users on board with cost-effective high-bandwidth connectivity.

     

    New technologies are improving many elements of a luxury boat, including navigation and safety. End users have shown a need for smart-technology-enabled charters during events such as business parties and pre-wedding photographs.

     

    It relates to dealers and businesses having a once-in-a-lifetime chance to make significant sales and expand their brand’s market reach at boat events. To increase their awareness among potential buyers and in the industry, yacht builders are putting a lot of effort into presenting their new boats at major boat shows around the world.

    YACHT CHARTER MARKET SEGMENTATION

    The Global Yacht Charter Market can be segmented into following categories for further analysis.

     

    Yacht Charter Market By Boat / Ship Infrastructure Volume Type

    • 75 to 120 Feet
    • 121 to 250 Feet
    • Above 250 Feet

     

    Yacht Charter Market By Application

    • Residential / Personal Application
    • Commercial Application
    • Industrial Application
    • High-Capacity User Application

     

    Yacht Charter Market By Integration / Structure Type

    • Private Partnership Only
    • Public Private Partnership
    • Program based Public Private Partnership

     

    Yacht Charter Market By Component of Operations Type

    • Hardware Component Based
    • Software Component Based

     

    Yacht Charter Market By Application Type

    • Navigation
    • Communication
    • Automation
    • Security
    • Entertainment

     

    Yacht Charter Market By Ownership Model Operation Type

    • Self-Paying Individuals
    • Government Sponsored establishments
    • Commercial establishments

     

    Yacht Charter Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    YACHT CHARTER MARKET RECENT TECHNOLOGICAL TRENDS

     

    SI No Timeline Company Developments
    1 December 2021 Fraser  The 45m/148’  Nicolini motor yacht for charter curiosity has joined the Charter Management Fleet. 
    2 November 2021 Fraser The new 33M/108’ line motor yacht URIAMIR is set to join the Fraser Charter Management Fleet in the next spring in 2022. 
    3 October 2021 Fraser The GRADE I 43.28M/142’ Christensen motor yacht has joined the Fraser Charter Management Fleet.
    4 October 2021 Fraser The Timmerman motor yacht AMADEUS I has joined the Fraser Charter Management Fleet. The yacht size is about 44.04M and length of 144’06”.
    5 September 2021 Fraser The Bilgin Yacht built a custom superyacht named CLARITY in 2015. This 49M/160’ motor yacht has joined the Fraser Charter Management Fleet. 
    6 August 2021 Camper and Nicholson Camper and Nicholson were delighted to welcome the new 54m Baglietto Burkut to its Charter Fleet.
    7 August 2021 Camper and Nicholson Camper and Nicholson welcomed a new amazon expedition vessel brand to its fleet, the 62.40m Aqua Nero. 
    8 March 2021 Fraser  The new 35M/115’ Sunseeker motor yacht OKSANCHIK is set to join the Fraser Charter Management Fleet. 
    9 March 2021 Fraser For the addition of a new yacht in Fraser Charter Management Fleet, the 35.6M/116’10” Admiral motor yacht CINQUANTA has joined the Charter Fleet. 
    10 January 2021 Camper and Nicholson Emocean is a brand new explorer yacht by Rosetti Superyachts to be delivered in July and it will be available for Charter from August.

     

    As a result of fast technology developments, consumer tastes are changing. They anticipate new and sophisticated technology in yacht charter as their level of living rises. As a result, the firms are investing in novel technology in order to extend their range and meet client demands. Artificial Intelligence (AI), electrification, wearable technology, and other key technical developments are all creating waves in the industry. Intelligent solutions including security and access controls, home theatres, and climate management systems are becoming increasingly popular aboard luxury boats.

     

    To achieve this level of performance, there are better alternatives to using traditional high strength-to-weight ratio synthetic fibres like glass and carbon, such as the Basalt fibre, which has long shown promise and is being used by new French catamaran brand Windelo to build its hulls, with PET (recycled plastic bottles) cores. Basalt fibres are highly heat resistant and recyclable since they are made from volcanic rock (with little CO2 emissions).

     

    There has been usage of increased sail power alone wherever possible is self-evident. The sailcloth, on the other hand, is perhaps the most expendable component, especially on racing boats. Many old sails end up in landfills or abandoned in sheds and shipping containers because laminate sails with a Mylar membrane can’t be recycled. Sails made of polyester/Dacron are mostly thermoplastic, which means they can be melted and reshaped (although typically coatings such as melamine render this highly problematic). Heat fusion has been used to replace glues and resins with a recyclable base polymer. The result is a composite single-structure sail that avoids Mylar or taffeta by using a low-stretch technique.

     

    YACHT CHARTER MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Updates
    1 November 2021 Camper and Nicholson Camper and Nicholson has sold its 54.6m Baglietto C to the fleet. 
    2 November 2021 Marinamax Marinamax, a recreational yacht and boat retailer has acquired the towboat dealer Texas Mastercraft in order to expand their business.
    3 October 2021 Italian Sea Group The Italian Sea Group has proposed an offer of €47m for acquiring the bankrupted Perini Navi business and estate.
    4 October 2021 Brunswick Brunswick has announced that it will buyout the tech specialist Navico for $1.05 billion.
    5 May 2021 Kiriacoulis For the 2021 season, the charter base in Spain has been moved to Segur de Calafell which is close to Barcelona. 
    6 January 2021 Kiriacoulis The new lagoon 620 crewed will be available for charter in France, Ajaccio and Bormes-les-Mimosas.
    7 December 2020 Camper and Nicholson Camper and Nicholson is currently offering a 25% discount for an 8-day charter which will start from 6th January in the Maldives.

     

    With the cruising industry in tatters and the desire for remote travel greater than ever, chartering a yacht with luxury amenities and requirements has been a major focus in the recent days. This has generated various ideas of long week chartering and better technological implementation within the yacht for better monitoring services for the stakeholder as well as the person involved in the chartering process.

     

    Burgess Yachts has been moving ahead on a faster pace of progress towards better induction of Motor and Sailing yachts. There has been green control placed in the organisation to have better mobility placed towards having the sailing yachts mechanism adopted with maximum capabilities and features. It operates one of the costliest charter yacht in the global market. The Faith is a 96.6m Feadship which is integrated with sensational features such as the large glass-bottomed swimming pool. It has also been retrofitted with revamped spa with massage, steam room and sauna, a beauty salon with a qualified hairdresser and beautician and a medical facility and fully equipped gym or pump up the adrenalin at the RYA-registered training centre with its selection of water toys.

     

    Benetau SA are part of the manufacturing and chartering requirements of yachts in the global scale of operations. They operate the most advanced and compactly placed features of modernized yacht systems.

     

    The Flyer 10 is accentuated by a full-beam windshield with side panes. The driving station allows four people facing the sea to enjoy all the thrills, with two bolster seats beside the console and a double seat on the port side. The cockpit has increased space and modularity, with foot-rest seats as well as an aft bench that folds back in seconds to form a large sunbathing area overlooking the swim platform. A rigid T-top or Bimini can be installed to protect this area.

     

    YACHT CHARTER MARKET COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop