The increasing demand from retail customers is responsible for the rising demand for small yachts. Small yachts are easier to utilize in shallow waters and are less expensive to hire.
Due to its eco-friendliness and lower operating costs compared to other yachts, the sailing yachts category commanded a significant proportion of the global market in 2021
WILMINGTON, Del., July 19, 2022 /PRNewswire/ — The global yachting market size stood at more than US$ 22.3 Mn in 2021. The yacht industry statistics predict the market to rise at a CAGR of 6.1% during the forecast period, from 2022 to 2031. The global yacht charter revenue is likely to attain valuation of US$ 40.5 Mn by 2031. With more people owning yachts and more people becoming interested in luxury sailing, the global yacht charter market is likely to expand quickly. Due to better services provided by incumbent yacht charter firms as well as the entry of new companies with technologically superior vessels, the market is likely to be stimulated.
The popularity of luxury and motor yacht charter, growth of marine tourism, and rising tendency amongst high-net-worth individuals to rent yachts instead of buying them for special occasions are likely to drive the market’s expansion. Additionally, yacht chartering businesses are using new business prospects in the yacht charter market by providing value-added services like onboard cuisine, onboard entertainment, as well as boat maintenance solutions to customers.
Due to rise in water-based leisure activities, high cost of ownership for yachts in regions like North America and Europe, boom in marine tourism, and a tendency toward yacht chartering over yacht ownership. The revenue from yacht charter is also anticipated to rise as a result of services like crewed chartering, cabin chartering, as well as skippered chartering.
Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11225
Key Findings of Market Report
The global yacht charter market is likely to observe an increasing trend of unique interior design, such as interiors crafted with exotic leather and products’ visual consistency. Lighting, modern woodwork, and furnishings are increasingly being fitted onto sailing and motor boats, which is expected to fuel growth of the global yacht charter market.
In 2021, the retail consumer category led the global yacht charter market depending on customer type. Various high-net-worth individuals and tourists are chartering yachts more often, which is likely to contribute to its market dominance.
An increase in the popularity of aquatic leisure pursuits, water sports, as well as marine tourism is also expected to drive the global market for private yacht charter in the years to come. The practice of holding commercial and formal meetings between important state officials and businesspeople offshore aboard yachts is one of the emerging yacht industry trends that is estimated to strengthen the industry.
Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11225
Global Yacht Charter Market: Growth Drivers
The popularity of renting out motor boats, which are made to order and have marine outboard/engines, is rising. The decline in owner-operator yacht ownership owing to rising operating costs of a boat and engagement of largest yacht charter companies to help yacht owners manage their fleet effectively are likely to drive the market.
Based on volume, Europe led the global yacht charter market in 2021, partly as a result of the massive inflow of international visitors to areas like the Mediterranean region for maritime tourism and increase in water-based sports and pleasure activities.
Get COVID-19 Impact Analysis at – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=11225
Global Yacht Charter Market: Key Players
Some of the key market players are
Super Yacht Logistics, LLC
Martello Yachting and Company
Boat International Media Ltd.
Sailing Thailand Island Cruises Co., Ltd.
West Coast Marine Yacht Services Pvt Ltd.
Zizooboats GmbH
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=11225
Global Yacht Charter Market: Segmentation
Yacht Type
Sailing Yachts
Motor Yachts
Catamaran Yacht
Yacht Size
Small
Medium
Large
Consumer Type
Corporate
Retail
Others
Browse Latest It & Telecom Industry Research Reports by TMR
Lease Accounting and Management Software Market – Lease accounting and management software market is anticipated to clock a robust CAGR of 9.8% during the forecast period.
Marine Fleet Management Software Market – Marine Fleet Management Software Market is estimated to exceed the value of US$ 1.72 Bn by 2031, expanding at a CAGR of 10.4% during the forecast period.
Investor ESG Software Market – INVESTOR ESG SOFTWARE MARKET is projected to expand at a CAGR of 15.8% during the forecast period. is expected to cross US$ 2.54 Bn by 2031.
Building Information Modelling (BIM) Extraction Software Market – building information modelling (BIM) extraction software market is projected to reach US$ 470.70 Mn With CAGR of 12.6% by 2031.
Inventory Optimization Software and Services Market – Inventory optimization software and services market is expected to expand at a CAGR of 11.2% With US$ 11 Bn during the forecast period.
Warranty Management Software Market – warranty management software market is projected to exceed the value of US$ 12.68 Mn by 2031, expanding at a CAGR of 13.5% during the forecast period.
Price Optimization and Management Software Market – price optimization and management software market is expected to cross the value of US$ 6.5 Bn by the end of 2031, It is estimated to expand at a CAGR of 16.3% from 2021 to 2031
Time & Attendance Management Software Market – Time & Attendance Management Software Market is expected to surpass value of US$ 6.5 Bn by the end of 2031, It is estimated to grow at a CAGR of 9.7% from 2021 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us: Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
SOURCE Transparency Market Research
