Yachts Charter Market Scope
Yachts charters can be defined as an activity of renting a yacht to the customer. There are mainly two types of charters that are bareboat and crewed. This services can be considered as one of the luxury services as yachts charter service provider offers all luxury comforts. Changing lifestyle and increasing disposable income is the factor for the rising demand for yachts charters. Additionally, increasing promotional activities by key players, online booking platform and the increasing availability of Yachts for Rental Purpose are reasons for driving the market. However, intense competition among established players and high cost associated with yachts charter has been limiting the growth of the market. Moreover, government initiatives for promoting tourism and developing attractive interior design by key players can create a big opportunity for the market.
The Vendors having a strong hold in the market are Boat International Media Ltd., Boatbookings.com, Camper & Nicholsons International Ltd., Charterworld Ltd.. Research Analyst at AMA estimates that United States and European Vendors will contribute to the maximum growth of Global Yachts Charter market throughout the predicted period.
Boat International Media Ltd. (United States), Boatbookings (United States), Camper & Nicholsons International Ltd. (Switzerland), Charterworld Ltd. (United Kingdom), Collaborative Boating, Inc. (United States), Cosmos Yachting Ltd. (United Kingdom), Dream Yacht Charter SARL (France), Fairline Yachts Ltd. (United Kingdom), Fraser Yachts (Monaco) and Kiriacoulis Mediterranean Cruises Shipping SA (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Le Boat (Canada), Nigel Burgess Ltd. (United Kingdom), Northrop & Johnson, Inc. (United States), Sailogy SA (Switzerland), Sunsail, Inc. (United States), The Moorings (Finland), Yachtico, Inc. (United States) and Zizooboats GmbH (Germany).
Segmentation Overview
The study have segmented the market of Global Yachts Charter market and Region with country level break-up.
On the basis of geography, the market of Yachts Charter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Changing Life Style and Increasing the Disposal Income Results in Growing Sea Tourism
Market Growth Drivers:
Rising Number Promotional Programs by Key Players for Promoting Yachts, Increasing Number of Online Yacht Service Provider and Increasing Availability of Yachts for Rental Purpose
Challenges:
High Cost Associated with Yachts Charter
Restraints:
Intense Competition among Established Players
Opportunities:
Government Initiatives for Promoting Tourism and Developing Attractive Interior Design by Key Players
There are various regulation from the different regional government. The regulation is totally based on pollution, alcohol, safe navigation, radar reflector, assistance to other craft, lifesaving signals and others. For instance, according to US Coast Guard (USCG) - Federal Laws US Code, the yacht must maintain a particular weight corresponding to the yacht's potential.
Key Target Audience
Yachts Charter Service Provider, Yachts Manufacturers, Party Event Managers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.