Boat rental market share, boat rental market size, boat rental market forecast, boat rental market overview, boat rental market outlook, boat rental market scope
What are the latest figures on the boat rental market’s size and projected CAGR?
The boat rental market size has grown strongly in recent years. It will grow from $18.6 billion in 2024 to $19.77 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to leisure and tourism trends, changing consumer preferences, popularity of water-based activities, accessibility to coastal and inland waters, emergence of peer-to-peer boat rentals.
The boat rental market size is expected to see strong growth in the next few years. It will grow to $26.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising disposable incomes, preference for sustainable and eco-friendly experiences, growing tourism industry, marketing and online platforms, innovative rental models. Major trends in the forecast period include adoption of virtual and augmented reality for boat previews, integration of contactless check-in and check-out procedures, collaborations with tourism and hospitality partners, development of AI-powered boat recommendations, focus on educational and safety training for renters.
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What are the key drivers behind the rapid expansion of the boat rental market?
The global expansion of the marine tourism sector is expected to propel the growth of the boat rental market going forward. Marine tourism encompasses enjoyable activities that necessitate travel away from one’s home and have the coastal environment. Sailing on boats, cruises, and yachts for both pleasure and business is also part of marine tourism. Thus, the growth of marine tourism results in the growth of the boat rental market. For instance, in 2023, the 2023 National Drowning Report from Royal Life Saving Australia the boating industry in Australia recorded a national turnover of $9.64 billion for the fiscal year 2022-23, as reported by the Boating Industry Association of Australia. This data underscores both the significant economic contribution of the boating sector and the ongoing safety concerns associated with water activities. Therefore, global expansion of the marine tourism sector is driving the growth of the boat rental market.
What is the segmentation for the boat rental market?
The boat rental market covered in this report is segmented –
1) By Boat Type: Inboard Boats, Outboard Boats, Sail Boats, Other Boats
2) By Boat Size: Less Than 30 feet, Between 30 And 79 feet, Greater Than 79 feet
3) By Power: Engine Powered, Man Powered, Sail Propelled
4) By Activity: Sailing And leisure, Fishing, Other Activities
Subsegments:
1) By Inboard Boats: Powerboats, Cabin Cruisers
2) By Outboard Boats: Speedboats, Fishing Boats
3) By Sail Boats: Monohulls, Catamarans
4) By Other Boats: Kayaks, Canoes, Yachts
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Who are the most influential companies in the boat rental market?
Major companies operating in the boat rental market include GetMyBoat Inc., Brunswick Corporation, BRP Inc., Beneteau Group, Blue Bay Marine, Blue Boat Yacht Entertainment Company, Boatjump S.L., Boatsetter, Click&Boat, GlobeSailor, Incrediblue, Le Boat, Yachtico, Dream Yacht Charter, Nautal, SamBoat, Sailo, Boatsetter, Sunsail, Moorings, MarineMax, Freedom Boat Club, West Coast Boat Rentals, Miami Boat Charters, NY Boat Charter, CharterLux, European Boating Holidays, BoatyBooker, YachtLife, and Borrow A Boat.
What are the most influential trends expected to drive the boat rental market forward?
Technological advancement is the key trend gaining popularity in the boat rental market. Major companies operating in the boat rental market are focused on developing innovative technologies to strengthen their position in the market. For instance, in June 2022, Vision Marine Technologies, a Canada-based manufacturer of handmade, high-performance, green, and electric recreational powerboats, developed E-Motion technology. E-Motion technology is the world’s first high-performance electric propulsion engine, combining a 180-horsepower (135 kW) motor with a sophisticated battery management system to reduce energy costs by 90%. The E-Motion enhances performance and range while requiring no additional charging infrastructure or devices. All that is required is a 220-volt charging outlet, which is already available in the infrastructure of almost every marina.
What are the major regional insights for the boat rental market, and which region holds the top position?
The countries covered in the boat rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Boat Rental Market Report 2025 Offer?
The boat rental market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Boat rental refers to the practice of renting and chartering a boat for owner or a renting firm. This option allows for a more tailored experience. This helps renter to choose a yacht based on their interests and sailing abilities.
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