Valley Cottage, NY -- (SBWIRE) -- 11/06/2017 -- The global yacht charter market, valued at US$ 8.5 Bn in 2015, is set to increase at over 7% CAGR through 2026, surpassing US$ 18 Bn in revenues. Yacht chartering is gaining popularity as a leisurely activity, especially among corporate consumers. Sailing yachts have a massive lead over motor yachts, with the former accounting for nearly 80% revenue share of the market in 2014.

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Yacht charter service providers are using the reach of online mediums, such as websites and social media platforms to showcase their offerings. Increase in the number and range of yachts available for booking, and collaboration between yacht companies and leading travel agencies are key factors driving the growth of the global yacht charter market.

On the basis of cabin, the report has segmented the market into 2 cabin, 3 cabin, 4 cabin, and others. Yachts with 3 cabins and 4 cabins are popular among consumers -- in 2015, these two segments collectively accounted for over 70% of revenue share.

In a bid to identify the motive for chartering yachts, FMI has segmented the market on the basis of end-use. The key segments under end-use include instructional, events, vacation, adventure and sports, honeymoon, and others. FMI's research revealed that nearly 80% of consumers in the yacht charter market could be classified as vacationers. Owing to rising popularity of yacht chartering for annual events and adventure activities, vacation as an end-use segment is expected to witness a 90 BPS decline in its market share by the end of 2026 over 2015.

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The global yacht charter market is segmented into five major regions: Mediterranean, Caribbean, Asia Pacific, Americas and rest of Europe, Middle East and Africa (rest of EMEA). The yacht charter market in the Mediterranean dominated the yacht charter market in terms of revenue contribution, accounting for over 40% share of the overall market in 2014. In terms of value, the Caribbean yacht charter market ranked second, accounting for over 30% share of the global market in 2014, followed by the market in rest of EMEA. However, Asia Pacific is anticipated to become the fastest-growing region in the global yacht charter market over the forecast period.

Leading players in the global yacht charter market include Yachtico Inc., Boatbookings, Sailogy S.A., Antlos S.r.l, Collaborative Boating Inc., Fraser Escape Bareboat Charters, Princess Yacht Charter, TUI Group, and Zizooboats GmbH.

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