FMI study offers a 10-year forecast of the global yacht charter market (under 24m length) between 2016 and 2026. In terms of value, the market is expected to expand at a CAGR of 7.1% over the projected period. The study demonstrates market dynamics and trends in five regions that are expected to influence the current nature and future status of the yacht charter market over the forecast period.
This Future Market Insights report examines the yacht charter market for the period 2014–2020. Yachts are perceived as a status symbol & play a pivotal role in service industry growth. Increasing demand for yacht charter is supported by rising disposable income of consumers and increasing number of charter destinations is fuelling the growth of overall yacht charter market.
Yacht chartering or renting involves renting a sailing or motor yacht and associated crew services for pleasure activities such as cruising, events and corporate team building activities. Yachts are available in different sizes ranging from smaller sailing yachts or motorboats to larger sailing or motorized vessels commonly referred as superyachts. They are chartered for different purposes including recreation, adventure activities, birthdays, team building activities, product promotions and ... Read more
