Yacht Charter Market Growth & Trends
The global yacht charter market size is estimated to reach USD 11.34 billion by 2030, registering to grow at a CAGR of 5.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is expected to witness strong growth owing to growing inclination of travelers towards luxury marine tourism. Furthermore, the growing popularity of water sports and recreational activities coupled with an increase in the number of high net-worth population is also expected to impact the growth positively.
Increasing adoption of Internet and the resulting impact on marketing techniques, sales channels, price transparency, and product personalization offered by service providers are the factors expected to increase the popularity of online yacht charter booking. The ongoing collaboration between online yacht charter service providers and leading travel agencies to offer combined airline and yacht packages is one of the key trends observed in the global market. This collaboration allows customers to book trips with promotional offers while booking their flight tickets. The adoption of this strategy is directly boosting the demand.
The rise in the number of high net worth individuals and upper class and upper middle-class population is also expected to drive the market over the forecast period. According to the World Bank, High Net-worth Individuals (HNWI) account for less than 1% of world’s total population but possess over 40% of the world’s total wealth. Growing young population among HNWI coupled with preference for celebrating events such as weekend parties, birthdays and anniversaries in charted yachts is expected to boost the market.
A yacht charter refers to the rental of a yacht for leisure purposes, allowing individuals to explore various destinations while enjoying luxurious amenities on board. The yacht charter market is increasingly influenced by the rise of digital platforms and mobile applications, which simplify the booking process for clients. These technologies provide a user-friendly experience, enabling customers to easily browse available yachts, compare prices, and make reservations with minimal effort. The convenience of real-time availability and online reservations reduces the need for extensive offline communication.
The growing trend of luxury travel is fueling demand for yacht charters among affluent individuals seeking unique experiences. As more travelers prioritize personalized and exclusive leisure activities, yacht charters offer an appealing option for exploring beautiful coastal regions and secluded destinations. In addition, technological advancements in yacht design and onboard amenities also attract clients who value comfort and luxury.
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Yacht Charter Market Report Highlights
- The 20 to 50-ft yacht segment held the dominant position in the market with the largest revenue share of 62.3% in 2024.
- The motor yacht led the market and accounted for the largest revenue share of 87.3% in 2024, due to its speed and efficiency, allowing for quicker travel between destinations.
- The crewed charter segment dominated the market and accounted for the largest revenue share of 80.2% in 2024, driven by the increasing demand for luxurious and personalized experiences.
- Europe yacht charter market dominated the global market and accounted for the largest revenue share of 43.9% in 2024.
Regional Insights
Europe yacht charter market dominated the global market and accounted for the largest revenue share of 43.9% in 2024, primarily driven by its rich maritime culture and diverse coastal landscapes. In addition, the Mediterranean and Adriatic regions attract numerous tourists with their picturesque destinations and well-established yachting infrastructure. Furthermore, the increasing disposable income of consumers and a growing inclination towards marine tourism contribute to this trend. Moreover, the popularity of luxury experiences and recreational boating activities further enhances the appeal of yacht charters, making Europe a leading market in this sector.
Recent Developments
- In December 2024, Burgess Yacht unveiled six stunning yachts that will be available for charter in 2025, enhancing the luxury yacht charter market. Notable entries include the lavish 112m RENAISSANCE, accommodating up to 36 guests, and the elegant 49.9m ASANI, featuring luxurious amenities and spacious outdoor areas. Each yacht offers unique experiences tailored to charterers’ desires, from adventure to relaxation.
- In September 2023, IYC announced the opening of a new office in Dubai, enhancing its luxury yacht charter market presence. This strategic move aims to cater to the region’s growing demand for yacht charters, providing clients with personalized services and access to a diverse fleet. The Dubai office will serve as a hub for both local and international clients seeking premium yacht charter experiences.
Yacht Charter Market Segmentation
Grand View Research has segmented the global yacht charter market based on yacht size, yacht type, contract type, and region:
Yacht Charter Yacht Size Outlook (Revenue, USD Million, 2018 – 2030)
- Up to 20 ft.
- 20 To 50 ft.
- Above 50 ft.
Yacht Charter Yacht Type Outlook (Revenue, USD Million, 2018 – 2030)
- Sailing Yacht
- Motor Yacht
Yacht Charter Contract Type Outlook (Revenue, USD Million, 2018 – 2030)
- Bareboat Charter
- Crewed Charter
Yacht Charter Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
List of Key Players in the Yacht Charter Market
- Beneteau S.A
- Sunseeker International Ltd.
- The Moorings Limited
- Camper & Nicholsons International Ltd.
- Sunsail Worldwide Sailing Ltd.
- IYC
- Argo Nautical Limited
- Burgess Yacht
- Kiriacoulis Mediterranean Cruises Shipping S.A.
- Boat International Media Ltd.
- Yachtico Inc.
- Fraser Yachts Florida Inc.
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