Yacht Charter Industry Procurement Intelligence, Supplier Intelligence Day One Analysis Report, 2020 – 2027

 Procurement Outlook

Yacht chartering is renting or chartering a motor yacht and traveling to various destinations for a vacation activity or a business event. 

Yachts can be categorized into the following types:

  • Mega yachts: It is above 50 meters in length and designed for exceptionally big groups and larger families. Mega yachts are attended by professional crews of several full-time members.
  • Superyachts: A superyacht is above 30 meters in length. They are usually equipped with an array of amenities such as audio-visual entertainment and water sports equipment.
  • Luxury yachts: Luxury yachts are ~24 meters in length and are suitable for small families and groups. They are habitually crewed by permanent or seasonal crews from two to four members.
  • Sports cruisers: These are boats less than 18 meters in length. These models are suitable one to two persons for relatively short day cruising.

Demand Outlook

The global yacht charter market valued at ~USD 15 billion in 2020 and it is expected to grow at a CAGR of 5% from 2020 to 2027 due to growing preference among travelers for luxury marine tourism and personalized services. Europe is the largest regional market with more than 40% share and is expected to continue leading during the forecast period as countries, such as Greece, Croatia, and Turkey are among the most popular tourist destinations. 24-69 meter yacht segment has the highest market share owing to factors such as availability of variants, which also includes a vessel having wind sailing capabilities that help save fuel and ensure traveling in favorable wind direction. Moreover, its low maintenance cost, shallow draft for water anchorages capability, and lower moorage cost makes it the most preferred choice for customers.
 

Cost Drivers

The major cost components of yacht charter services include the cost of crew members, food and drinks costs, fuel costs, dockage, communication costs, etc. These components together accounted for more than 80% of the overall cost of service. Other cost drivers include VAT and insurance costs.


Read report summary https://www.grandviewresearch.com/pipeline/yacht-charter-industry-procurement-intelligence-report

 

Add-on Services


  • Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

 

  • Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

 

  • Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

 

  • Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

 

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About us: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 

Our services include (not limited to):

 

  • Market Intelligence involving - market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
  • Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption


 Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

 

Find More information @ https://www.grandviewresearch.com/pipeline 

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