Global Yachts Charter Market: Overview
Yacht charting mainly represents the practice of taking a yacht on rent for traveling to any island destinations as it offers all the lavish comforts anyone would wish to have. They are majorly hired for holidays and corporate functions. The two important types of charters are crewed and bareboat. They are also used for sailing reasons. It provides several advantages, from complete relaxation 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.
Global Yachts Charter Market: Growth Factors
Increasing number of promotional programs promoting yachts, technological developments, raising several online yacht service providers, rising number of yachts accessible on rent are some of the most important aspects which will propel the development of the global yachts charter market in the coming future. In addition, the global yachts charter service market has experienced considerable adoption, particularly from younger population. Most of the young consumers are generally first-time boaters, who frequently celebrate programs such as weekend and birthday parties especially in the form of yacht holidays. At present, several offline yacht charter bookings is considerably very high; on the other hand, appearance of yacht charter service providers have significantly proved to be a very helpful marketing platform for customers in the market, and is projected to gradually attract a number of young clients in the coming future, thus fueling the yachts charter market growth.
Global Yachts Charter Market: Segmentation
The global yachts charter market is classified in terms of yacht size and type. Based on yacht type, it is categorized into motor yacht (semi-displacement, displacement, catamaran & trimaran and planning,) and sailing yacht (schooner, sloop, ketch, and catamaran). Based on yacht size, the yachts charter market is divided into large (which is over 50m), medium (which is between 30-50m), and small (Around 30m).
Global Yachts Charter Market: Regional Analysis
From a regional point of view, the global yachts charter market is projected to be dominated by Europe in the years to come. The yachts charter market in Europe is considered to grow at the highest rate and is anticipated to hold its position in the coming future as well. North America is also anticipated to hold a good market share. Based on growth rate, Asia Pacific is likely to outpace all others major regions by growing at a significant growth rate owing to the rising charter destinations, growth in disposable income, and enhanced accessibility of yachts. Several popular and known yacht chartering destinations located in Asia Pacific, compromises Australia, Thailand, Malaysia, and Singapore. The Middle East & Africa is considered to be another most important market which is projected to make remarkable strides in the years to come. It is anticipated that the yachts charter market will be majorly dominated by Dubai and Brazil in the Middle East and Africa.
Global Yachts Charter Market: Competitive Players
Some of the most important market players in the global yachts charter market are Zizooboats GmbH, Yachtico, Inc., Burgess, Boatbound Inc., Incrediblue Limited, Northrop & Johnson, Martello Yachting and Company, SuperYacht Logistics, Fairline Yachts Ltd., West Coast Marine Yacht Services Pvt. Ltd., Boat International Media Ltd., Charterworld Limited, and Fraser Yachts, are among others.
Global Yachts Charter Market: Regional Segment Analysis
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