Yacht Rental Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-08-14 I 250 Pages I Global Market Insights
Global Yacht Rental Market will experience over 6.5% CAGR from 2024 to 2032, driven by increasing disposable incomes among high-net-worth individuals and the growing trend of luxury experiences. As affluent consumers seek unique and personalized vacations, yacht rentals offer an exclusive way to explore exotic destinations with privacy and luxury. Against this backdrop, in April 2024, Burgess partnered with BYS International to bolster its presence in South America's superyacht market. Similarly, in July 2024, Renty.ae, renowned for its premium luxury car rental services in the UAE, expanded into yacht rentals. This new offering allows both new and returning customers to experience customized sea voyages, providing a unique and personalized way to explore the ocean.
Additionally, the rise of experiential travel and a shift towards customized leisure activities have spurred demand. Enhanced connectivity and advanced yacht technology play a significant role, making yacht rentals more accessible and appealing to a broader audience.
The yacht rental market is segmented based on product, length, propulsion, application, and region.
The flybridge yachts segment will witness decent growth through 2032, due to the superior combination of luxury and functionality. These yachts offer enhanced outdoor space and panoramic views, which are highly valued by renters seeking a premium experience on the water. Their versatile design allows for greater comfort and socializing opportunities, appealing to those who prioritize both relaxation and entertainment. This growing preference for yachts that provide a more immersive and expansive experience aligns with the broader trend toward personalized and high-end travel experiences.
The sail propulsion segment will clutch a prominent market share by 2032, aligning with the increasing consumer emphasis on eco-friendly and sustainable travel options. Sail-powered yachts offer a greener alternative to traditional motor yachts, appealing to environmentally conscious renters who seek to minimize their carbon footprint. Sail-powered vessels offer an elegant and efficient way to enjoy luxury yachting while adhering to eco-friendly values. As more travelers prioritize sustainability, the sail propulsion segment share will grow.
North America yacht rental market will garner a remarkable revenue share by 2032, propelled by the robust economic environment and high levels of disposable income among its affluent population. The increasing popularity of luxury and adventure tourism, coupled with a growing interest in exclusive and bespoke vacation experiences, further fuels market expansion. Additionally, the region's extensive coastline and well-developed marina infrastructure provide ample opportunities for yacht rentals, enhancing accessibility and appeal across North America.
Report Content
Chapter 1 Methodology and Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Component suppliers
3.2.2 System integrators
3.2.3 Service providers
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing number of high-net-worth individuals across the globe
3.8.1.2 High manufacturers focus on building technologically integrated yacht rentals
3.8.1.3 Growing demand for luxury tourism and sailing activities in North America and Europe
3.8.1.4 Growth in Event-Based Tourism
3.8.1.5 Shift in consumer Ppreferences
3.8.2 Industry pitfalls and challenges
3.8.2.1 High investments and upkeep costs associated with yacht rentals
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Product 2021 - 2032 ($Mn, Units)
5.1 Key trends
5.2 Flybridge Yacht
5.2.1 Below 24 meters
5.2.2 24-45 meters
5.2.3 Above 45 meters
5.3 Sports Yacht
5.3.1 Below 24 meters
5.3.2 24-45 meters
5.3.3 Above 45 meters
5.4 Cruiser Yacht
5.4.1 Below 24 meters
5.4.2 24-45 meters
5.4.3 Above 45 meters
Chapter 6 Market Estimates and Forecast, By Length, 2021 - 2032 ($Mn, Units)
6.1 Key trends
6.2 Below 24 meters
6.3 24-45 meters
6.4 Above 45 meters
Chapter 7 Market Estimates and Forecast, By Propulsion, 2021 - 2032 ($Mn, Units)
7.1 Key trends
7.2 Motor
7.3 Sail
Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 ($Mn, Units)
8.1 Key trends
8.2 Leisure
8.3 Events
8.4 Fishing
8.5 Adventure and water sports
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Mn, Units)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Netherlands
9.3.7 Greece
9.3.8 Turkey
9.3.9 Croatia
9.3.10 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Southeast Asia
9.4.7 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin America
9.6 MEA
9.6.1 UAE
9.6.2 South Africa
9.6.3 Saudi Arabia
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 YACHTICO
10.2 212 Yachts
10.3 Aquamarine Group
10.4 Bluewater Yachting
10.5 Boatbookings
10.6 Burgess Yachts
10.7 Camper and Nicholsons
10.8 Edmiston
10.9 Fraser Yachts
10.10 Moran Yacht and Ship
10.11 Nicholson Yachts
10.12 Others
10.13 Princess Yacht Charter
10.14 Royal Yacht International
10.15 SuperYachtsMonaco
10.16 Windward Islands
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