Yacht Charter Market Will Reach over US$25.5 Bn in Revenue

London, Oct. 18, 2022 (GLOBE NEWSWIRE) — Rampant expansion of marine tourism, and consistently growing consumer proclivity for leisure activities collectively drive the growth of global yacht charter market. Increasing proclivity for vacationing at exotic destinations is predominantly driving the growth of yacht charter market. The flourishing trend of marine tourism, and group vacationing, especially among the young consumer cluster will work to the advantage of global yacht charter market. Fairfield Market Research in its recently released report anticipates an excellent growth outlook for the market during 2021 – 2027. Up from around US$8.3 Bn attained in 2021, the market value is likely to rise up to US$25.5 Bn toward the end of 2027. The report highlights growing prominence of medium- and large-sized yachts among the leading companies in yacht charter market. Growing influence of social media, and an increasing number of groups of exotic trippers, and boaters’ communities will further accelerate the growth of yacht charter market.

Get the Free Sample Copy of Report at: https://www.fairfieldmarketresearch.com/report/yacht-charter-market/request-sample

Key Research Insights

• Global yacht charter market expects a whopping 22.8% CAGR during 2021 – 2027
• Motor yachts continue to be the most sought-after category, poised to demonstrate nearly 24.8% growth through 2027 end
• Europe will remain dominant throughout the forecast period with an estimated share of over 48% by 2027 end

Insights into Segmental Analysis

With more than 42% share in overall market revenue recorded in 2020, motor yacht is expected to lead the pack in global yacht charter market throughout the forecast period, followed by sailing yacht. The report highlights the fact that unlike a sailing yacht, the motor yacht powers through sea elements for covering larger distances in lesser time. With increasing tourists seeking explorations of most of the coastlines, motor yachts are likely to…