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Allied Market Research

Yacht Rental Market by Size (Large (> 50 meter) and Medium (30-50 meter)), Type (Sailing and Motor) and Consumer (Retail and Corporate): Global Opportunity Analysis and Industry Forecast, 2021–2027

A07805
Pages: NA
Feb 2021 | 301 Views
 
Author(s) : NA
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Yacht Rental Market Outlook - 2027

The yacht rental market has rapidly grown while experiencing ‎diversification and becoming one of the fastest-growing sectors across the globe. Modern tourism is expected to develop and encompass a growing number of destinations. The demand for yacht rental is rising with the growth of the tourism industry. The tourism yacht industry is introducing new strategies and planning, such as partnerships with corporates companies, insurance companies, and universities, to reduce the percentage of single-occupancy vehicles. The number of foreign tourists is expected to rise exponentially in developing countries. This is expected to offer tremendous opportunities to the tourism yacht rental players and further fuel the market growth over the forecast period.

Market scope and structure analysis:

                     Report Metric

                                                 Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Size, Type, and Consumer

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Sailogy S.A., Yachtico Inc., Zizooboats GmbH, Fraser Yacht, Boatsetter, Northrop & Johnson, Nautal, Martello Yachting And Company, Princess Yacht Limited, and Charter Yachts Australia

 

COVID-19 scenario analysis:

  • The COVID-19 outbreak has severely affected all sectors and tourism has been the worst affected of all major economic sectors.
  • Due to travel restriction across the globe in the pandemic situation, it has a significant impact on the tourism industry.
  • Many tourist attractions across the world, such as museums, amusement parks, and sports venues, are closed and require new security guidelines before they reopen.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis Rapid urbanization, increase in globalization, rise in disposable income, and growth in the tourism industry drive the yacht rental market over the forecast period. Moreover, strict government regulations regarding emission in various developed and emerging countries are anticipated to hamper the growth of the market. Furthermore, introduction of green vehicles and hybrid vehicles is expected to offer lucrative opportunities for the market growth in the coming years.

The yacht rental market trends are as follows:

Rapid urbanization 

Developing cities have been the main centers of learning, culture, and innovation. Rapid increase in population in many countries has resulted in rapid urbanization across the globe. The desire to explore new places among people has boosted the tourist industry for years now and it is expected to boost the tourism yacht rental market over the forecast period

Increase in disposable income 

Developed countries provide many relaxations of taxes to their people, which increased the total personal income of an individual. In addition, governments in many countries are encouraging their people to travel around their respective country to explore their historic places, thereby boosting the tourist industry. Therefore, this is expected to boost the tourism yacht rental market over the forecast period. 

Key segments covered:               

                  Segments

                                Sub-segments

 Size

  • Large (> 50 meter)
  • Medium (30-50 meter)

  Type

  • Sailing
  • Motor

  Consumer

  • Retail
  • Corporate

 

Key benefits of the report:

  • This study presents the analytical depiction of the yacht rental market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the yacht rental market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the yacht rental market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the yacht rental market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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