Published by Coherent Market Insights
Posted on September 22, 2021
4 min readLast updated: February 3, 2026
The Yacht Charter Market is set to grow at a 6.7% CAGR by 2027, driven by luxury marine tourism and rising yacht services globally.
United States/WA: The global Yacht Charter Market was accounted for US$ 47.7 Bn in terms of value in 2019 and is expected to grow at CAGR of 6.7% for the period 2020-2027.
Report Pages:[130 Pages]
The Competitive Area of the Yacht Charter Market is Defined by Key Players Like:–Fun2Rent, Sunsail Ltd., Boatbound Inc., The Moorings, Yachtico, Hanse Group, Sailogy S.A., Fraser Escape Bareboat Charters, Dream Yacht Charter, Incrediblue Limited, and Antlos.
Yacht Charter is nothing but renting or leasing a yacht to travel around various coastal or island destinations. Yacht chartering offers all one can imagine, from complete relaxation to breathtaking adventure, this is the ultimate escape. Yacht chartering helps explore a variety of destinations while offering all the comforts and amenities of a luxury villa. There are two main types of charter, such as bareboat and skippered. Most companies teach basic seamanship and prepare people for bareboat yacht charter. Skippered charters refer to a boat with a skipper (operator).
Over the past few years, the world of yachting has undergone a number of significant changes with regard to charter boats. Yacht charters have become increasingly popular in recent years and are offered for a variety of different purposes. Moreover, the growing preference for luxury marine tourism, growing corporate tourism activities, and the rising participation of people in competitive and recreational boating activities across the globe is expected to boost the market.
The motor-yacht segment is expected to emerge as the fastest-growing segment in the coming future, owing to the high demand for motor-yacht for personal and recreational activities. Countries such as the United States, Morocco, and Croatia have witnessed active participation in such activities. For instance, in July 2020, MarineMax acquired Northrop & Johnson to expand its yacht services worldwide. Moreover, in 2019, MarineMax acquired Fraser Yachts to expand its yacht services, especially in North America. In Europe, the yacht chartering market is growing rapidly, due to the increased popularity of nautical travel (water tourism) in this region. In Italy, yacht charters are quite popular with tourists who want to take advantage of the stunning scenery that surrounds Italy’s beautiful coast. Many luxury and first-class yacht charters are available in Italy, many of which offer guests a full selection of amenities and services that they enjoy.
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There are several factors that are propelling the growth of the yacht charter market, such as the increasing number of promotional programs, technological advancements, rising number of yacht services across the globe. Moreover, high costs associated with yacht ownership are encouraging consumers to opt for yacht charter instead of buyouts. However, the charter cost may vary depending on how large or small the yacht is, as well as what amenities and services are included. More people have become interested in buying one or even renting a yacht. As the demand for yachts in the market increases, the demand for yacht charters also increases, thereby increasing the competition in the market and making the prices of charters lower than usual. Moreover, the expansion of yacht charters has led to growth in the international business sector as well, making yacht charters an important component of a business’s.
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The article focuses on the growth and opportunities in the global Yacht Charter Market.
Luxury marine tourism, corporate tourism activities, and rising recreational boating are key drivers.
The motor-yacht segment is expected to grow the fastest due to high demand for personal and recreational activities.
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