USD 19 Billion
Global Yacht Charter Market Size, Share, Growth Analysis, By Yacht Type (Motor Yacht, Sail Yacht), By Yacht Size (20 to 50 ft, Up to 20ft), By Contract Type (Crewed Charter, Bareboat Charter), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG25O2026 |
Region:
Global |
Published Date: January, 2025
Pages:
187
|Tables:
116
|Figures:
77
Yacht Charter Market Insights
Global Yacht Charter Market size was valued at USD 19 Billion in 2023 and is expected to rise from USD 19.95 Billion in 2024 to USD 29.48 Billion by 2032, at a CAGR of 5% during the forecast period (2025–2032).
Rapidly increasing global tourism activity and high demand for luxury tourism are forecasted to drive up the demand for yacht charters over the coming years. Growing disposable income of people and rising number of high net-worth individuals are also estimated to create new opportunities for yacht charter providers going forward. Rising interest in marine and adventurous tourism is also expected to benefit the global yacht charter market growth in the future. Evolving preference of travelers and rise in spending on leisure activities are also predicted to favor the demand for yacht charters in the long run. Use of yachts for private events, celebrations, corporate events and expanding yacht fleets are also forecasted to create new revenue generation scope for yacht charter providers over the coming years. On the contrary, issues in licensing, high costs of yacht chartering, impact of economic uncertainty, and seasonal nature of business are some key constraints that are estimated to hinder the demand for yacht charter across the study period and beyond.
Market snapshot - (2025–2032)
Global Market Size
Largest Segment
Motor Yacht
Fastest Growth
Sail Yacht
Growth Rate
5% CAGR
Global Yacht Charter Market ($ Bn)
Country Share for Europe Region (%)
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Yacht Charter Market Segmental Analysis
The yacht charter market is segmented based on contract type, yacht type, yacht size, end use, and region. Based on contract type, the market is sub segmented into bareboat and crewed. Based on yacht type, the market is sub segmented into motor yacht, sailing yacht, and others. In terms of yacht size, the market is segmented into up to 20ft, 20 to 50 ft, and above 50 ft. Based on end use, the market is segmented into leisure, business, and others. By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
Analysis by Yacht Type
Motor yacht is projected to account for the largest global yacht charter market share over the coming years. High speed and power offered by motor yachts is projected to help them maintain a dominant share. Moreover, the high versatility of motor yachts to operate in a range of marine environments ranging from shallow to deep is also expected to boost revenue generation for yacht charter providers. The increasing number of people taking an interest in driving their own yachts for a more personal and adventurous travel experience is also expected to boost the sales of motor yachts in the long run.
On the other hand, the demand for sail yachts is expected to account for the second-largest share of the global yacht charter industry going forward. Active participation of yacht passengers in the working of sail yachts is expected to help promote their popularity. Extensive use of sail yachts in leisure activities as well as competitive racing events is also expected to offer new opportunities for sail yacht providers in the long run. Moreover, the novel nature of sailing on a sail yacht is also expected to generate new business scope going forward.
Analysis by Yacht Size
Yachts of size 20 to 50 ft are expected to account for a prominent share of the global yacht charter market outlook in the future. Lower maintenance and mooring costs of yachts sized 20 to 50 ft allows them to become a favorite among end users. High fuel efficiency, shallow draft capabilities, and growing availability of different yacht variants in this size category are expected to bolster the dominance of this segment in the long run. Ease of management and high luxury potential of yachts sized 20 to 50 ft are also expected to bring in more revenue for yacht charter companies focusing on this segment.
Meanwhile, the demand for yachts sized up to 20ft are slated to account for the second-largest share of the global yacht charter industry. Growing demand for intimate experiences among couples and the high energy efficiency of small yachts are expected to help this segment create new business scope for yacht charter providers. Rising emphasis on opting for renewable energy powered yachts is also expected to help boost the sales of yachts sized up to 20ft in the future. Increasing preference of sailors for smaller yachts is also expected to help this segment boost revenue generation potential across the study period.
Global Yacht Charter Market By Yacht Type
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Yacht Charter Market Regional Insights
Europe is forecasted to account for the highest demand for yacht charter in the world going forward. Rapidly surging demand for marine tourism, high availability of multiple types of yachts, and increasing interest in luxury tourism are key factors promoting the demand for yacht charter in this region. Greece, Croatia, France, Italy, and Turkey are expected to be some of the most opportune markets in the European region over the coming years. Growing number of high net-worth individuals in the European region are also forecasted to benefit yacht charter demand in the long run.
On the other hand, the demand for yacht charter in the Asia Pacific region is expected to rise at a rapid pace across the study period. Growing disposable income of people, high demand for luxury travel choices, and evolving consumer preferences are helping boost yacht charter market growth in the Asia Pacific region. Launch of new initiatives in countries such as Thailand, India, and China to promote tourism activity is also slated to help promote the demand for yacht charter in this region. Indonesia and Australia are also slated to emerge as highly opportune markets for yacht charter companies in the Asia Pacific region in the long run.
Global Yacht Charter Market By Region
- Largest
- Fastest
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Yacht Charter Market Dynamics
Drivers
High Demand for Luxury Tourism
- Growing disposable income of people around the world and increasing number of high net-worth individuals are driving up the demand for luxury tourism. Yacht charters offer personalized luxury travel, which aligns with the preferences of affluent consumers looking for unique leisure activities thereby also favoring the global yacht charter market outlook through 2032.
Increasing Interest in Marine and Adventure Travel Experiences
- The need for unique travel experiences is increasing rapidly among people. Exploring coastal destinations, remote islands, and marine biodiversity are gaining prominent traction, and this is also expected to bolster the demand for yacht charters going forward as they offer access to secluded destinations for thrill-seeking travelers.
Restraints
High Costs of Yacht Chartering
- Yacht chartering while being accessible is still a quite expensive leisure activity one could opt for. These high costs of yacht chartering are limiting its appeal to wealthy individuals as yachts require expensive fuel and maintenance. This restraint deters the widespread adoption of yacht chartering, especially for people with limited spending potential.
Regulatory and Licensing Issues
- Yacht charters are often subject to highly complex and stringent regulatory mandates including licensing and maritime compliance. To add up to this issue, these regulations vary from country to country and create challenges for yacht charter companies. This issue restraints new companies from entering the global yacht charter industry.
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Yacht Charter Market Competitive Landscape
Making yacht charters more affordable should be the prime focus of all market players. Simplifying regulatory and licensing regulations can also help yacht charter companies expand their business scope with minimal efforts. Targeting developing countries with attractive marine tourism industry is slated to help yacht charter providers maximize their revenue generation potential in the long run.
Top Player’s Company Profiles
- Beneteau S.A
- Sunseeker International Ltd.
- The Moorings Limited
- Camper & Nicholsons International Ltd.
- Sunsail Worldwide Sailing Ltd.
- Argo Nautical Limited
- Kiriacoulis Mediterranean Cruises Shipping S.A.
- Boat International Media Ltd.
- Yachtico Inc.
- Fraser Yachts Florida Inc.
- Northrop & Johnson
- Yachtico Inc.
- Sailogy S.A.
- Burgess
- Ionian Catamarans
- IYC
- Royal Yacht International
- Princess Yacht Charter
- Barrington Hall Yacht Charters
- Zizooboats GmbH
Recent Developments
- In December 2024, Saudi Red Sea Authority (SRSA) announced the launch of luxury yacht charter licenses to promote coastal tourism activity in the country. The move was in line with the objectives of previously launched Saudi Vision 2030, intended to reduce reliance of Saudi economy on the oil & gas industry and boost tourism.
- In January 2024, The Greek government announced that the required e-Charter Permission Application for sea voyages in Greek waters can be processed by authorities in electronic format. The application is valid for professional pleasure boats over 35 metres (114 foot), with a license duration of a maximum of 28 days.
- In October 2024, the St Vincent and the Grenadines Sailing Association partnered with Blue Life Yachting to launch a new yacht charter training program called Introduction to the Yacht Charter Industry. Seven young individuals were selected to be a part of this program from 30 applicants.
Yacht Charter Key Market Trends
- Eco-Friendly Yachting: Yacht charter companies should focus on providing eco-friendling yachting alternatives for eco-conscious travelers. Use of solar-powered or hybrid yachts that cause less emissions than traditional yachts is expected to help companies offer sustainable yacht charters. Focusing on this yacht charter market trend can help companies stand out from their competition and the rising number of environmentally conscious customers.
- Shared and Fractional Ownership: Shared ownership and fractional yacht chartering models are also expected to gain popularity as emphasis on making yachting more accessible rises among people. Opting for shared and fractional ownership yacht chartering can help companies maximize their business scope while keeping costs minimal and maximizing accessibility along with profitability.
Yacht Charter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing tourism activity around the world and rising demand for luxury marine travel experiences are expected to primarily augment the demand for yacht charter over the coming years. However, high costs of yacht chartering and regulatory and licensing issues are slated to be key constraints for yacht charter market development in the future. Europe is expected to remain the top market for yacht charter companies owing to the presence of leading marine travel destinations and rising high net-worth individuals. Eco-friendly yachting is expected to create new opportunities for yacht charter companies looking to attract eco-conscious customers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 19 Billion |
| Market size value in 2032 | USD 29.48 Billion |
| Growth Rate | 5% |
| Base year | 2024 |
| Forecast period | (2025–2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Yacht Charter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Yacht Charter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Yacht Charter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Yacht Charter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Yacht Charter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Yacht Charter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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