Yacht Charter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Yacht Charter Market is segmented by Charter Type (Bareboat, Cabin, and Crewed), Yacht Type (Sailing Yacht, Motorboat Yacht, and Other Yacht Types), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the yacht charter market in value (USD billion) for the above all segments.

Yacht Charter Market Size

Yacht Charter Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: Europe
CAGR: 5.79 %

Major Players

Yacht Charter Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Yacht Charter Market Analysis

The yacht charter market was valued at USD 18.9 billion in 2021, and it is projected to reach USD 26.5 billion by 2027, registering a CAGR of 5.79% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic in 2020. Worldwide, the yacht charter industry was brought to a standstill by the pandemic. The impact was clear on the industry, as several companies confronted instabilities with their supply chain. Furthermore, the lack of skilled labor impacted the market growth. The key players are doing their best to counter the situation. Additionally, rising global participation in competitive and recreational boating activities and growing corporate tourism activities are expected to significantly support the demand of the target market.

Over the medium term, the factors such as the increasing demand for competitive and recreational boating activities, the purchasing power of people, and rising disposable income are anticipated to drive the yacht charter market during the forecast period. Seeing the potential of the market, numerous associated businesses, like yacht management, that support the construction of new yachts are also entering the market. Yacht charter companies are currently concentrating on vertical integration with major yacht manufacturers to intensify their revenue.

However, factors like high costs of yacht taxation policies and rentals in certain regions are impeding the market growth.

Asia Pacific is expected to be the fastest-growing region. Rising recreational activity popularity, as evidenced by increased participation in marine recreational activities in countries such as Australia, Indonesia, Thailand, and Singapore, is expected to support regional growth.

Yacht Charter Industry Segmentation

Yacht charters are typically used for leisure, business, and vacation activities. A yacht charter offers a convenient and easy way to enjoy a long holiday with friends and family without owning a yacht. Yacht charter firms provide the yacht and deliver the best itinerary as per the requirements of the clients, with crew and captain and online or on-call support till total charter duration.

The yacht charter market is segmented by charter type, yacht type, and geography. By charter type, the market is segmented into the bareboat, cabin, and crewed. By yacht type, the market is segmented into sailing yacht, motorboat yacht, and other yacht types.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

By Charter Type
By Yacht Source
Sailing Yacht
Motorboat Yacht
Other Yacht Sources
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
United Arab Emirates
Other Countries

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Yacht Charter Market Trends

This section covers the major market trends shaping the Yacht Charter Market according to our research experts:

Augmentation in Fleet Size by Key Players is Propelling the Market Growth

Numerous yacht charter companies are adding new yachts to remain ahead of their competitors, as several charter companies have contracts with yacht manufacturers to ensure that the new yachts are provided to them for chartering. For instance,

  • In February 2022, Imperial Yacht announced that with the collaboration of Amels and Damen Yachting, the launch of Project AMELS 242-07 is scheduled to be delivered this summer.
  • In March 2021, Imperial Yacht announced the signing of a new 100-meter project, Project Titanium, in collaboration with The Italian Sea Group, the parent company of Admiral Yachts. Project Titanium, which is scheduled to be delivered in 2025.

With the addition of new yachts in the fleet, charter companies invested huge amounts in upgrading their fleet. For instance,

  • In May 2021, Northrop & Johnson announced closing deals, including the 120-foot (37m) Benetti motor yacht TANUSHA, two Pershing yachts LOUNOR, and AMJU, the 130-foot (39.7m) classic superyacht ARIONAS from Lürssen.
Yacht Charter Market : Revenue Share (%), By Charter Type, 2021

Europe and North America are Anticipated to Lead the Market

Europe is preferred as one of the top destinations for marine culture. Northern Europe has a very rich culture of yacht charters. Countries, like Germany, Sweden, England, Denmark, Scotland, Ireland, Norway, and Russia, have the existence of a variety of options to select from motor yachts, luxury yachts, and crewed yachts. Several superyachts are also available for charter along with expedition/explorer yachts. The summer season is the finest time to charter a yacht in Europe.

Correspondingly, most clients in North America selected to visit chartered destinations to avail of large discounts. In the United States, consumers are oriented toward comfort over performance. The Northern American yachting season is from May to October, whereas in South America, it runs from January to September. Florida has one of the largest gatherings of private superyachts. It has two coastal borders, one in the Atlantic and the other in the Gulf of Mexico, and it holds around 30,000 lakes.

Several countries are reforming their tax regulation and rules, which is concerning the yacht charter market. For instance, in January 2020, the French Tax Authorities released an official tax bulletin with some new rules, which will affect charter contracts signed after March 30, 2020. The VAT will be charged at a 20% rate when the yacht is sailing in EU water bodies, and there will be no VAT while sailing in international waters. If any boat is in EU waters, it is fully subjected to VAT.

As developments in the current situation are constant and fluid, one would expect that certain measures are put in place, comprising governmental and legislations directives, which would give some assurance to the industry.

Yacht Charter Market - Growth Rate by Region (2022 - 2027)

Yacht Charter Industry Overview

The yacht charter market is moderately fragmented, with many active players. The market is witnessing the emergence of many new start-ups. Some of the major players in the market are Burgess, Northrop & Johnson, and Dream Yacht Charter. The companies are expanding their presence by increasing their fleet size and partnering with small players. Key players are expanding their presence by tapping into new and unexplored markets.

  • In February 2022, Northrop & Johnson made a partnership with NetJets. This partnership will provide customers with luxurious, comfortable, and memorable travel experiences.
  • In May 2021, Ocean Independence announced the addition of SOULMATE to the Ocean Independence charter fleet. SOULMATE is an award-winning 34m Dreamline superyacht that combines an elegant Italian interior with comfort and safety.
  • In May 2020, Ocean Independence announced that it added 44m Burger motor yacht PURE BLISS to its charter fleet. This seven-stateroom superyacht can accommodate 12 guests, with exceptional features, such as elevator access up to three decks and a great range of water sports toys.

Yacht Charter Market Leaders

  1. Dream Yacht Charter

  2. OceanBLUE Yachts Ltd.

  3. Burgess

  4. Simpson Marine

  5. Northrop and Johnson

*Disclaimer: Major Players sorted in no particular order

Yacht Charter Market Concentration

Yacht Charter Market News

  • In January 2022, Northrop & Johnson announced a partnership with Master & Dynamic, a renowned audio brand. This partnership will provide a Northrop & Johnson client with Master & Dynamic headphones, especially curated playlists, alongside other wellness items ideal for enjoying onboard a luxury yacht.
  • In January 2021, Burgess announced a new partnership with Marine Solutions in India. With this collaboration, Burgess aims to better serve its existing clients and build new relationships in India, enhancing its charter offering in the Indian Ocean.
  • In January 2021, Northrop & Johnson announced a partnership with Ulysse Nardin to further enhance the offerings, experience, and value to the wealthy and discerning clientele.

Yacht Charter Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Charter Type

      1. 5.1.1 Bareboat

      2. 5.1.2 Cabin

      3. 5.1.3 Crewed

    2. 5.2 By Yacht Source

      1. 5.2.1 Sailing Yacht

      2. 5.2.2 Motorboat Yacht

      3. 5.2.3 Other Yacht Sources

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. Brazil

        2. Mexico

        3. United Arab Emirates

        4. Other Countries


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Dream Yacht Charter

      2. 6.2.2 Yachtico

      3. 6.2.3 Asta Yachting

      4. 6.2.4 OceanBLUE Yachts Ltd

      5. 6.2.5 Simpson Marine

      6. 6.2.6 Ocean Independence

      7. 6.2.7 Imperial Yachts

      8. 6.2.8 Northrop and Johnson

      9. 6.2.9 Y.CO

      10. 6.2.10 Burgess

    3. *List Not Exhaustive

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Yacht Charter Market Research FAQs

The Yacht Charter Market is studied from 2018 - 2028.

The Yacht Charter Market is growing at a CAGR of 5.79% over the next 5 years.

The Yacht Charter Market is valued at 18 Billion USD in 2018.

The Yacht Charter Market is valued at 26 Billion USD in 2028.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

Dream Yacht Charter, OceanBLUE Yachts Ltd., Burgess, Simpson Marine, Northrop and Johnson are the major companies operating in Yacht Charter Market.

Yacht Charter Industry Report

Statistics for the 2023 Yacht Charter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Yacht Charter analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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