Press release
Boat Rental Market Report, Size Segments and Growth 2021: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast (2021-2027)
Boat Rental Market
Market Overview
As per our analysis, it is predicted that global Boat Rental sales are expected to grow at a CAGR of about 4.8%. The boat rental business is growing in tandem with the tourism industry's upward trend. This market has demonstrated its ability to grow in tandem with the tourism industry over the last decade. The industry is being driven by factors such as increasing urbanization and changing population lifestyles. Over the forecast period, the availability of luxury boats for rent to enhance comfort and trip experience is expected to drive market growth. Consumers will benefit from the online boat rental booking service available on the company's website and mobile apps, which will affect market growth. The leisure tourism spending across the globe has been increasing and boating activities are one on the trending and major factor behind this, which will further create more opportunities for players to gain from increasing demand for rental boats for recreational boating activities etc.
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COVID-19 Impact
The Boat Rental Market has been significantly harmed by COVID-19. The drop in employment and income, which expanded dramatically as a result of lockdowns and operations shutting down, had a significant negative impact on tourism, and Boat Rental took a significant hit during the lockdown period. The Boat Rental Market is further harmed by an increase in costs during peak season and higher taxes on renting boats. The global lockdown impacted the travel and tourism industry very severely and the rental boating market also faced the heat of the same as demand of such serviced was drastically reduced as people did come out of their houses and international travel halted.
Global Boat Rental Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Business Model, the market is primarily bifurcated into:
• Charter
• Day Cruise
• Luxury Charter
• Luxury Day Charter
• Tour
• B2B
• Peer to Peer
• Business to Consumer
Based on business model, the market is segmented into Charter, Day Cruise, Luxury Charter, Luxury Day Charter, Tour, B2B, Peer to Peer and Business to Consumer. The peer-to-peer segment generated revenue of USD X billion in 2020. Over the projected period, the peer to peer and business to consumer markets are expected to increase significantly. The availability of multiple platforms for peer-to-peer boat rental services has risen as digitization has increased
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By Size, the market is primarily studied into:
• Up to 20 feet
• 21 to 35 feet
• 36 to 50 feet
Based on size, the market is segmented into Up to 20 feet, 21 to 35 feet and 36 to 50 feet. The 21 to 35 feet segment generated revenue of USD X billion in 2020. The segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X million by 2027
By Boat Class, the market is primarily studied into:
• Luxury
• Sports
• Entry
• Others
Based on boat class, the market is segmented in Luxury, Sports, Entry and Others. The Luxury segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X million by 2027. In comparison to other segments, luxury boats and yachts offer superior speed, comfort, safety, and privacy; as a result, they are often used for leisure trips and other activities
By Propulsion, the market is primarily studied into:
• Fuel Powered
• Electric Boats
• Sailed
• Others
Based on propulsion, the market is segmented in Fuel Powered, Electric Boats, Sailed and Others. The fuel powered segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X million by 2027. The main cause of consumers preferring for fuel powered boats as it generates more power and perform efficiently
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Global Boat Rental Market Region Segmentation Includes:
• North America
• Europe
• Asia Pacific
• Rest of World
Based on the estimation, North America holds the major share and is expected to grow at higher rate based. In 2020, there were about 11.84 million registered recreational boating vessels in the United States. The United States is the world's leading manufacturer of various boats, which are widely used in North America for shipping and sports activities. Over the projected period, the market is likely to be driven by the increased usage of boat rental platforms such as Boat setter in North America. The government's desire to expand the region's tourism industry is a driving force behind market expansion
The major players targeting the market includes:
• GetMyBoat, Inc.
• Nautal
• Le Boat
• Boatsetter
• Click&Boat
• Beneteau Group
• Boatjump
• Sailo Inc.
• The Moorings
• Zizooboats GmbH
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Boat Rental Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
For more informative information, please visit us @ https://univdatos.com/report/boat-rental-market/
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and advancements in the Global Boat Rental Market?
• Which factors are influencing the Global Boat Rental Market over the forecast period?
• What are the global challenges, threats, and risks in the Global Boat Rental Market?
• Which factors are propelling and restraining the Global Boat Rental Market?
• What are the demanding global regions of the Boat Rental Market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
Contact
UnivDatos Market Insights
Pawnendra Pawan
Client Development Lead
Ph: +91-7838604911
Email: pawnendra@univdatos.com
Website: https://univdatos.com/
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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