Yacht Charter Market Analysis, Trends, Opportunity, Market Size and Segment Forecasts 2019 – 2025
global market for yacht charter is expected to display steady growth
during the period of forecast. The global yacht charter market has been
witnessing consistent growth since 2012. According to this research, the
global market for yacht charter, in terms of value, is anticipated to
expand at a CAGR of 5.1% during the forecast period and is expected to
reach a value higher than US$ 17 Bn by the end of the year of assessment
(2027). Strong inclination of the younger audience towards sailing
holidays, especially in European countries such as Italy and Croatia,
driven by increasing disposable income has catalysed growth of the yacht
charter market over the last few years.
The global yacht charter market is witnessing a trend of innovative interior design such as use of exotic leather for upholstery and aesthetic alignment of commodities inside the yacht. Motor and sailing yachts are equipped with modern furniture, woodwork, and good lighting. Moreover, the global yacht charter market is witnessing a trend of increasing yacht sizes.
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This is owing to rising preference of customers to explore destinations in large groups. Manufacturers are focused towards retrofitting old yachts, especially motor yachts, in order to make them more fuel efficient and reduce CO2 emissions. Eco-friendly yachts with low CO2 emissions are presented with various Environment Protection Awards by RINA an organization that issues notation Green Plus to environmental-friendly ships on the basis of environment performance index, which includes impact of the vessel on the environment
Sailing yacht to reflect high market value in the years to follow
On the basis of type, the global yacht charter market has been segmented into motor yacht and sailing yacht. Sailing yacht segment is expected to represent largest share in terms of value. In terms of value this segment has been estimated to reach a value of over US$ 10 Bn by the end of the year of assessment. Revenue contribution of the segment to the global yacht charter market is expected to increase at a CAGR of 4.7% throughout the period of forecast.
yacht charter market
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Schooner to largely contribute to the growth of sailing yachts during the assessment period
Sailing yacht segment is further categorized into sloop, schooner, catamaran and ketch. In 2017, the schooner sub segment reflected a valuation a bit under US$ 2600 Mn whereas the sloop sub segment reflected a value of over US$ 2700 Mn. In 2017, the sloop sub segment dominated the market. However, the schooner sub segment gained high traction over years and surpassed the sloop sub segment and is estimated to touch a higher valuation of more than US$ 4100 Mn by the end of the year of assessment (2027) as this segment is also projected to register a higher growth rate than the sloop segment. The catamaran sub category is poised to grow at the highest rate to register a CAGR of 6.6% throughout the period of forecast and is anticipated to reach a value a little less than US$ 1500 Mn by end of 2027.
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The global yacht charter market is witnessing a trend of innovative interior design such as use of exotic leather for upholstery and aesthetic alignment of commodities inside the yacht. Motor and sailing yachts are equipped with modern furniture, woodwork, and good lighting. Moreover, the global yacht charter market is witnessing a trend of increasing yacht sizes.
Get Free Sample Copy of the Report at: https://www.researchmoz.us/enquiry.php?type=S&repid=1834677
This is owing to rising preference of customers to explore destinations in large groups. Manufacturers are focused towards retrofitting old yachts, especially motor yachts, in order to make them more fuel efficient and reduce CO2 emissions. Eco-friendly yachts with low CO2 emissions are presented with various Environment Protection Awards by RINA an organization that issues notation Green Plus to environmental-friendly ships on the basis of environment performance index, which includes impact of the vessel on the environment
Sailing yacht to reflect high market value in the years to follow
On the basis of type, the global yacht charter market has been segmented into motor yacht and sailing yacht. Sailing yacht segment is expected to represent largest share in terms of value. In terms of value this segment has been estimated to reach a value of over US$ 10 Bn by the end of the year of assessment. Revenue contribution of the segment to the global yacht charter market is expected to increase at a CAGR of 4.7% throughout the period of forecast.
yacht charter market
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Schooner to largely contribute to the growth of sailing yachts during the assessment period
Sailing yacht segment is further categorized into sloop, schooner, catamaran and ketch. In 2017, the schooner sub segment reflected a valuation a bit under US$ 2600 Mn whereas the sloop sub segment reflected a value of over US$ 2700 Mn. In 2017, the sloop sub segment dominated the market. However, the schooner sub segment gained high traction over years and surpassed the sloop sub segment and is estimated to touch a higher valuation of more than US$ 4100 Mn by the end of the year of assessment (2027) as this segment is also projected to register a higher growth rate than the sloop segment. The catamaran sub category is poised to grow at the highest rate to register a CAGR of 6.6% throughout the period of forecast and is anticipated to reach a value a little less than US$ 1500 Mn by end of 2027.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Website: https://www.researchmoz.us
Email: sales@researchmoz.us
Blog: https://blogreportstudy.blogspot.com/
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