Yacht Charter Market to Garner $25.16 Billion, Globally, by 2026 at 6.3% CAGR: Allied Market Research

Rise in the number of private islands on cruise itineraries, shift toward alternative sources of energy, increase in disposable income of people, and surge in the figure of high net worth individuals fuel the growth of the global yacht charter market

PORTLAND, Oregon, July 2, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Yacht Charter Market by Type (Motorized yacht, Sailing Yacht and Others), by Size (Small (up to 30m), Medium (30m-50m), large (over 50m) and application (Vacation/Leisure, Sailing and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global yacht charter industry was estimated at $15.20 billion in 2018, and is expected to hit $25.16 billion by 2026, registering a CAGR of 6.3% from 2019 to 2026.

Download Report Sample (222 Pages PDF) @ https://www.alliedmarketresearch.com/request-sample/2888

Drivers, restraints, and opportunities-

Rise in the number of private islands on cruise itineraries, shift toward alternative sources of energy, increase in disposable income of people, and surge in the figure of high net worth individuals fuel the growth of the global yacht charter market. On the other hand, high cost associated with yacht charter impedes the growth to some extent. Nevertheless, increased Involvement of Intermediaries & hybrid business models and change in yacht infrastructure are expected to create multiple opportunities in the industry.

The motor segment to dominate by 2026

Based on type, the motor segment contributed to more than two-thirds of the global yacht charter market share in 2018, and is expected to lead the trail by 2026. The same segment would also grow at the fastest CAGR of 7.2% throughout 2026. This is due to the fact that motor yachts are simpler to operate as compared to their other counterparts.

Get detailed COVID-19 impact analysis on the Yacht Charter Market @ https://www.alliedmarketresearch.com/request-for-customization/2888?reqfor=covid

The medium segment to retain its top share during the period-

Based on size, the medium segment accounted for nearly half of the global yacht charter market revenue in 2018, and is anticipated to maintain the lion's share till 2026. The fact that these yachts offer premium comfort and safety drives the segment growth. The large segment, on the other hand, would register the fastest CAGR of 7.3% from 2019 to 2026. High customization according to the owners' specifications has remained AS one of the key aspects of large size yachts which, in turn, has driven the growth of the segment.

Europe, followed by Asia-Pacific and North America, to rule the roost-

Based on geography, Europe, followed by Asia-Pacific and North America, held the highest share in 2018, generating more than half of the global yacht charter market. Strong government support and presence of large number of yacht manufacturers in the region have propelled the market growth. At the same time, Asia-Pacific would manifest the fastest CAGR of 8.8% during the forecast period. High investment on yacht projects in this province is expected to boost the market growth.

Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/2888

Key players in the industry-

• Yachtico Inc.
• Charter Yachts Australia
• Zizooboats GmbH
• Fraser Yacht
• Boatsetter
• Nautal
• Martello Yachting And Company
• Princess Yacht limited Northrop & Johnson
• Sailogy S.A.

Schedule a Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2888

Similar Reports We Have:

Water Taxi Market 2020-2030: The water taxi market is segmented into product, fuel type and region. By product, it is categorized into yachts, cruise, ferries, and sail boats. On the basis of fuel type, it is classified into battery powered or electric, diesel, and hybrid. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Luxury Yacht Market 2020-2025: The luxury yacht market size was valued at $5,703.4 million in 2017 and is expected to reach $10,205.7 million by 2025, registering a CAGR of 7.8% from 2018 to 2025.

Autonomous Ships Market 2020-2030: The autonomous ships market size is projected to be valued at $88.01 billion in 2020, and is estimated to surpass $134.90 billion by 2030, registering a CAGR of 4.4% from 2020 to 2030.  

Recreational Boating Market 2020-2030: The recreational boating market is segmented by power, product type, activity type, and region. By Power, it is categorized into Engine-Powered, Man-Powered, and Sail Propelled. On the basis of product type, it is categorized into Inboard boats, outboard boats, inflatable, sail boats, and personal watercrafts.

Boat Davits Market 2020-2030: The report segments the boat davit market based on product, application, and geography. The product segment includes H-bar design, X-bar design, heavy design, and others.

Water Scooter Market 2020-2026: The global water scooter market was valued at $1.3 billion in 2018, and is anticipated to value $2.2 billion by 2026, registering a CAGR of 7.2%.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com 
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research