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Yacht Charter Market To Hit US$ 15.86 Bn By 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The yacht charter market growth is highly driven due to increasing interest in luxury cruising from high net worth and ultra-high net worth individuals (UHNWI) worldwide. With more than 200,000 households falling under ultra-high net worth category, yacht charter has been gaining immense popularity since the past few years. Similarly, according to 2017 World Health Report by Capgemini, the total number high net worth individuals (HNWI) worldwide increased by nearly 8% to a record-breaking 16.5 Mn. This has ensured a promising consumer base for yacht charter services worldwide.

Further, due to increasing interest of people towards marine tourism, yacht charter business is set to exhibit robust growth in the following years. Recreational boating has been witnessing immense popularity since the past few years, paving way for yacht charter services. Rising affluence and inclination towards luxurious lifestyle has significantly uplifted the demand for yacht chartering services across the world. Emergence of new tourist destinations (such as Southeast Asia) offering luxury cruising along with scenic beauty has been encouraging the HNWIs and UHNWIs across the world to explore such tourist destinations.

Increasing efforts from yacht builders and service providers focusing on providing more luxury features and memorable experience is another important factor encouraging yacht charter business. Yacht charter companies are now more focused on providing enhanced luxury cruising to their consumers. These companies have increased their focus towards improving their infrastructure including more sophisticated bars & restaurants, internet connectivity and other related IT tools. In addition, yacht charter companies emphasize on providing online booking and guides for yacht charter. This has further facilitated the service, thereby supporting the market growth.

On the basis of type, the yacht charter market is led by motor yachts segment accounting for more than 2/3rd of the total market value. Asia Pacific is set to register the highest growth rate of 6.0% throughout the forecast period. The market here expected to be mainly driven by the consistently growing number of millionaires in the region along with increasing popularity of Southeast Asia as the next-big destination for yacht charter.

Some of the major players profiled in the report include Boatbookings.com, Camper & Nicholsons International Ltd., Fraser Yachts, Le Boat (division of Travelopia), Kiriacoulis Mediterranean, Sunsail, Inc. (division of Travelopia), The Moorings (division of Travelopia), Collaborative Boating, Inc., Cosmos Yachting Ltd., Nigel Burgess Ltd., Sailogy SA, Yachtico, Inc., Fairline Yachts Ltd., Zizooboats GmbH, Charterworld Ltd., Boat International Media Ltd., Northrop & Johnson and others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Yacht Charter contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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