Future Market Insights

Yacht Charter Market Estimated to Reach US $878 Mn by 2026

Rising adoption of boating and sailing vacations by affluent consumers in developed markets will continue to sustain the demand for yacht charter over the next decade

 

Valley Cottage, NY -- (SBWIRE) -- 11/06/2017 -- Future Market Insights, in its recently published market research report titled "Yacht Charter Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," discusses the global market for yacht charter and delivers valued insights into all the critical factors impacting the market growth. The report considers a 10-year period for yacht charter market assessment and offers market estimations for various segments and regions over 2016-2026.

Click to View Complete Report @ https://www.futuremarketinsights.com/reports/yacht-charter-market

Future Market Insights projects passive growth for the global yacht charter market over the entire assessed period. The US$ 637 Mn yacht charter market is likely to expand at a CAGR of 3.3% through 2026. Eastern Europe, especially Croatia and Turkey, remain the top yacht charter destinations. Boat shows in the U.S., Italy, Fort Lauderale, and Genoa are identified to lure the maximum number of boat lovers.

Growing inclination of young travellers toward sailing holidays will remain a prominent drive to market growth. While booking large yachts to avail of attractive group discounts highlights a growing trend among U.S. consumers, providing advanced services through latest technologies, such as mobile applications will be a trend among yacht companies.

By region, Europe will continue to rule the market with roughly 70% share of the total revenues in 2026, followed by North America. However, growth of the yacht charter market in the Middle East is expected to demonstrate a higher CAGR over the assessed period.

Global Yacht Charter Market: Key Players Analysis

Most of the key players in the global yacht charter market are embracing social media marketing strategy for online promotion. In addition, they are indulging in video advertising, online customer reviews/testimonials, and virtual tours provision on respective websites. Some of the leading companies include Yachtico Inc., Sailogy S.A., and Boatbookings (Enitiative.biz, Ltd.). The competitive landscape includes a few other notable companies - Antlos S.r.l., Collaborative Boating Inc., Zizooboats GmbH, Fraser Escape Bareboat Charters, Princess Yacht Charter (Princess Yachts International PLC), and TUI Group (The Moorings Limited and Sunsail Worldwide Sailing Ltd.)

Yachtico Inc. caters to all types of sailing vacations with a fleet of over 16,000 yachts, including houseboats, sailing yachts, and catamarans. The companby aspires to gain a strong foothold in the U.S.

Boatbookings has a massive operating network that spans several regions across the globe, including London, Cannes, Newport, Athens, Singapore, Thailand, and Ft Lauderdale.

Sailogy, though has a prominent presence in the Mediterranean region, operates in nearly 1,000 global locations. The company also enjoys benefits through collaborations with some leading online travel retailers.

Antlos continue its collaborations with leading European travel platforms, such as Boats.com, airBaltic, and Skyscanner.

Apart from the aforementioned players, the global yacht charter market is expected to witness emergence of various new entrants active in yacht management. Moreover, some of the key players are concentrating more on vertical integration with yacht manufacturing behemoths, such as Rodriguez Group.

Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/yacht-charter-market/toc