In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period.
Region wise, Eastern Europe is expected to see the largest growth of 7.2% annually with other regions growing at an average rate of 6.5%. The emerging markets including the Middle East and China are expected to continue growing consistently.
The Middle East yacht market has been experiencing an approximate annual growth of 5-10%. In 2015, new licenses issued for water craft of all types almost doubled, and reached 1,623, as compared to 698 licences the year before. The Middle East is the most important Superyacht (40 metres and above) market globally. While conventionally, Western Europe and North America are the major markets for Superyacht, the affluence of the Middle East is shifting the industry dynamics towards this region, owing to the larger share of wealthy clientele.
The Middle East is home to almost a third of the more than 200 of the largest yachts in the world, including Azzam, the largest modern day super yacht, owned by Sheikh Khalifa Bin Zayed Al Nahyan. The 30-40 meter yachts have witnessed maximum market growth in this region. Globally the United Arab Emirates ranks in the top 10 Superyacht manufacturers. The world's two of the most luxurious Superyachts are owned by the President and the Vice President of UAE. The 25th edition of the Dubai International Boat Show will be held between 28 February to 4 March, and industry experts are confident that this will further boost the industry's growth.
Key Topics Covered:
1. Analyst Opinion
2. Global Yacht Market
2.2 Performance & Market Statistics
2.3 Market Drivers
3. Middle East Yacht Market
3.2 Performance & Market Statistics
3.3 Market Drivers
4. Competitive Landscape
4.1 Sunseeker International
4.2 Sanlorenzo SPA
4.3 Ferretti Group
4.4 Azimut Benetti
4.5 Princess Yachts International Plc
4.6 Gulf Craft Inc.
5. Other Emerging Yacht Markets
6. Industry Leader's Opinion
7. List of charts & Graphs
8. Research Methodology
For more information about this report visit http://www.researchandmarkets.com/research/n66z4n/studying_the