Yacht Charter Market to Generate $ 20202.5 million, Globally, by 2032 at 6.9% CAGR: Allied Market Research

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Prime determinants of growth

Market expansion is being propelled by various factors such as growth of water sports and recreation activities and increase in number of private islands on cruise itineraries. However, the high cost associated with yacht charter and the weather and safety concerns hamper the growth of the market. Moreover, increased involvement of intermediaries & hybrid business models and a change in yacht infrastructure are expected to provide opportunities for market growth during the forecast period.

Report Coverage and Details:

The Small (Upto 30m) segment to maintain its leadership status throughout the forecast period

By size, the small (upto 30m) segment held the highest market share in 2022, accounting for more than two-fifth of the global yacht charter revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 7.3% from 2023 to 2032, owing to the water sports enthusiasm.

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The motor yacht segment to maintain its leadership status throughout the forecast period

By type, the motor yacht segment held the highest market share in 2022, accounting for more than three fourth of the global yacht charter market.

The Vacation/ Leisure segment to maintain its lead position during the forecast period

By application, the Vacation/ Leisure segment accounted for the largest share in 2022, contributing to nearly half of the global Yacht charters Market revenue, and is estimated to maintain its leadership status throughout the forecast period.

Europe to maintain its dominance by 2032

By region, Europe held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global Yacht charters Market revenue. However, the Asia-Pacific is expected to witness the fastest CAGR of 7.9% from 2023 to 2032.

Key Developments in the Yacht Charter Industry:

Key Highlights of the Report:

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Leading Market Players: -

The report provides a detailed analysis of these key players in the global yacht charters market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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