Yacht Charter Market Size To Reach $11.34 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Yacht Charter Market Growth & Trends

The global yacht charter market size is estimated to reach USD 11.34 billion by 2030, registering to grow at a CAGR of 5.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is expected to witness strong growth owing to growing inclination of travelers towards luxury marine tourism. Furthermore, the growing popularity of water sports and recreational activities coupled with an increase in the number of high net-worth population is also expected to impact the growth positively.

Increasing adoption of Internet and the resulting impact on marketing techniques, sales channels, price transparency, and product personalization offered by service providers are the factors expected to increase the popularity of online yacht charter booking. The ongoing collaboration between online yacht charter service providers and leading travel agencies to offer combined airline and yacht packages is one of the key trends observed in the global market. This collaboration allows customers to book trips with promotional offers while booking their flight tickets. The adoption of this strategy is directly boosting the demand.

The rise in the number of high net worth individuals and upper class and upper middle-class population is also expected to drive the market over the forecast period. According to the World Bank, High Net-worth Individuals (HNWI) account for less than 1% of world’s total population but possess over 40% of the world’s total wealth. Growing young population among HNWI coupled with preference for celebrating events such as weekend parties, birthdays and anniversaries in charted yachts is expected to boost the market.

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Yacht Charter Market Report Highlights

The 20 to 50-ft yacht segment held the dominant position in the market with the largest revenue share of 62.3% in 2024.
The motor yacht led the market and accounted for the largest revenue share of 87.3% in 2024, due to its speed and efficiency, allowing for quicker travel between destinations.
The crewed charter segment dominated the market and accounted for the largest revenue share of 80.2% in 2024, driven by the increasing demand for luxurious and personalized experiences.
Europe yacht charter market dominated the global market and accounted for the largest revenue share of 43.9% in 2024.