Also, rising number of promotional events, growing number of yacht service providers, and increasing availability are some of the factors supporting the growth of the market. Also, the growing trend of luxury travel is expected to create growth opportunities for the global market in the near future. Privacy Policy. online dashboard trial. You might also like. This hike is expected to impact the market positively. This is attributable to high number of high-net-worth individuals and growing popularity of water adventures & fishing activities in the region. Factors, such as ease of checking availability and booking yacht online through online platforms are anticipated to attract a higher number of customers during the forecast period. Electric Vehicle Charging Cables Market Size Is Predicted To Reach $1.25 Billion By 2027. Also, the emerging trend in developed economies of Europe and North America region for using renewable energy sources such as wind energy and solar energy in marine vessels is most likely to play an important role in propelling the demand for less than 20 ft since less than 20 ft yacht require less energy for propulsion. Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. Get your queries resolved from an industry expert. Thus, increasing disposable income of the individuals is anticipated to have a positive influence on the global market. Plastic Market Size Worth $722.6 Billion By 2027. Among yacht types, the market will witness high growth in motor yacht … We stand by our report quality. The market is highly driven by rising inclination towards luxury … Transparency Market Research has published a new report on the global yacht charter for the forecast period of 2019–2027.According to the report, the global yacht charter market is projected to reach ~US$ 25.5 Bn by 2027, expanding at a CAGR of ~7% during the forecast period.. The Luxury Yacht Charter Marketplace Find and book your dream yacht through YachtCharterFleet, the world's leading luxury yacht charter comparison site. In order to capture a greater market share, the key players adopting strategies such as entering into collaboration, making investments to update legacy yachts, engaging in mergers and acquisitions. The companies are expanding their presence by increasing their fleet size and tapping in new and unexplored markets. This website is secure and your personal details are safe. Some of the major players in the … Avail customized purchase options to meet your exact research needs. Some of the prominent players in the yacht charter market include: Kiriacoulis Mediterranean Cruises Shipping S.A. Revenue in USD million/billion and CAGR from 2020 to 2027, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Yacht type, yacht length, contract type, and region, North America; Europe, Asia Pacific, Latin America: and MEA, U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Singapore; Japan; South Korea; Brazil; Mexico. We are in compliance with GDPR & CCPR norms. We never share your personal data. b. Many superyachts are also available for charter along with explorer/expedition yachts. Along with that, it has also added 55M / 180' STEEL from Pendennis which is an explorer yacht with features such as hot tub on the spacious sun deck.Along with the addition of new yachts in the fleet charter companies have invested huge amounts for upgrading their fleet. Additionally, low maintenance, shallow draft for water anchorages capability, and lower moorage cost making it a preferred choice for the end-users. © 2021 GlobeNewswire, Inc. All Rights Reserved. The 20 to 50 ft segment dominated the yacht charter market in 2019. Rising participation of people in competitive and recreational boating activities across the globe is expected to boost the market. 1 . For instance, in January 2020, the French Tax Authorities released an Official Tax Bulletin (BOFIP BOI-TVA-CHAMP-20-50-30-20200129) with some new rules which will be affecting charter contracts signed after March 30th, 2020. This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry. this seven-stateroom superyacht can accommodate 12 guests and have exceptional features such as elevator access up to three decks and a great range of water sport toys. DUBLIN, Jan. 18, 2021 /PRNewswire/ -- The "Yacht Charter Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.. Rising popularity of recreational activities supported by the increasing participation in marine recreational activities in countries such as Australia, China, Thailand, Indonesia, and Singapore is also expected to bolster the regional growth. Furthermore, growing corporate tourism activities is also expected to significantly contribute to support the demand. This new yacht has various premium features such as Outdoor cinema, 2 jacuzzis, retractable roof, and many more.Similarly, In March 2020, Motor Yacht RANIA42M / 137'10" Benetti is being added to the Fraser Charter fleet. Currently, offline yacht charter bookings are substantially high. This segment is also expected to exhibit the fastest growth over the forecast period. The ‘Luxury Yacht Charter Market’ study added by Reports web, exhibits a comprehensive analysis of the growth trends present in the global business scenario. Key Topics Covered: 1 INTRODUCTION2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Industry Attractiveness - Porter's Five Forces Analysis5 MARKET SEGMENTATION5.1 By Charter Type5.1.1 Bareboat5.1.2 Cabin5.1.3 Crewed5.2 By Yacht Source5.2.1 Sailing Yacht5.2.2 Motorboat Yacht5.2.3 Others5.3 By Geography6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Dream Yacht Charter6.2.2 Yachtico6.2.3 Asta Yachting6.2.4 OceanBLUE Yachts Ltd.6.2.5 Simpson Marine6.2.6 Ocean Independence6.2.7 Imperial Yachts6.2.8 Northrop and Johnson6.2.9 Y.CO6.2.10 Burgess 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/5ojz8i.