The global market for Yacht Charter was valued at US$8.8 Billion in 2024 and is projected to reach US$12.1 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030 as per the ResearchAndMarkets.com report. Market Overview - Market Size: Valued at US$8.8 billion in 2024, projected to reach US$12.1 billion by 2030. - Growth Rate: CAGR of 5.4% (2024–2030). - Key Drivers: - Rising disposable income and demand for luxury travel. - Popularity of experiential, customized travel. - Growth of marine tourism in exotic destinations. - Influence of celebrity culture and social media. - Increasing demand for eco-friendly yachts and sustainable travel. Segment Insights - Motor Yachts: Expected to reach US$10.4 billion by 2030, CAGR 5.5%. - Sailing Yachts: Growing at 4.7% CAGR. - Contract Types: - Crewed Charters (luxury, service-focused). - Bareboat Charters (DIY sailing for experienced travelers). - Length Categories: Below 20 ft, 20–50 ft, Above 50 ft. Regional Highlights - United States: Valued at US$2.3 billion in 2024. - China: Forecasted to grow at 8.6% CAGR, reaching US$2.8 billion by 2030. - Europe: Strong presence in Mediterranean hubs (France, Italy, Spain, Greece). - Asia-Pacific: Expanding markets in India, South Korea, Australia. - Caribbean & Mediterranean: Seasonal hotspots driving charter demand. Competitive Landscape The report profiles 201 companies, categorized by market presence (Strong, Active, Niche, Trivial). Some notable players include: - Argo Nautical Limited - Beneteau SA - Camper & Nicholsons International Ltd. - Fraser Yachts Florida Inc. - Sunsail Worldwide Sailing Ltd. - Sunseeker International Ltd. - The Moorings Limited - Yachtico Inc. Emerging Trends - Wellness retreats and health-focused yacht experiences. - Adventure tourism and water-based activities. - Corporate events and luxury retreats hosted on yachts. - Catamaran and multi-day sailing charters gaining popularity. - Hybrid ownership and fractional charter programs expanding.
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