Press release
Boat Rental Market was valued at USD 19.57 Billion in 2023, and is expected to reach USD 29.67 Billion by 2030
Boat Rental Market
Boat Rental Market was valued at USD 19.57 Billion in 2023, and is expected to reach USD 29.67 Billion by 2030, exhibiting a CAGR of 6.12 percentage during the forecast period (2024-2030).
Boat Rental Market Overview:
The global boat rental market, valued at USD 19.57 billion in 2023, is poised for significant growth, with projections indicating it will reach USD 29.67 billion by 2030, driven by a 6.12% CAGR. This expansion is fueled by rising interest in marine tourism, increased accessibility to rental services, and the appeal of luxury travel packages, making boat rental a preferred choice for recreational and adventure activities worldwide.
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Drivers in the Boat Rental Market:
Key drivers of the boat rental market include the growing millennial population's interest in marine tourism and recreational activities, along with increased connectivity between renters and boat owners. The rise in international tourism, coupled with the availability of luxurious travel packages and value-added services like insurance, further propels market growth by enhancing the overall travel experience.
Boat Rental Market Trends:
A prominent trend in the boat rental market is the increasing adoption of electric boats, driven by rising environmental concerns and stringent emission regulations. Additionally, the convenience of digital platforms for booking rentals, coupled with innovative promotional strategies like bundled travel packages, is making boat rentals more accessible and appealing to a broader audience.
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Boat Rental Market Opportunities:
The boat rental market presents significant opportunities, particularly through the growth of marine tourism in emerging markets and the adoption of green technologies such as electric boats. Governments are investing in infrastructure to support tourism, creating favorable conditions for market expansion, while advancements in digital booking platforms offer enhanced user experiences, fueling further growth.
What is Boat Rental Market Regional Insight?
Europe leads the global boat rental market, commanding a substantial share due to its abundant tourist destinations and high demand for marine activities. Spain and Italy, in particular, are key contributors to this dominance. The region's popularity for fishing, water sports, and luxury travel, combined with a significant presence of high-net-worth individuals, positions Europe as the fastest-growing market for boat rentals through 2030.
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Segmentation Analysis of the Boat Rental Market
by Propulsion Type
1. Fuel Powered
2. Sail Boat
3. Electric Boat
by Boat Size
1. Up to 20 Feet
2. 21 To 35 Feet
3. Above 36 To 50 Feet
by Boat Class
1. Luxury
2. Sports
3. Entry
by Activity
1. Sailing and leisure
2. Fishing
3. Others
Who is the largest manufacturers of Boat Rental Market worldwide?
1. GetMyBoat, Inc.,
2. Click&Boat,
3. Sailo, SamBoat
4. GlobeSailor
5. Yachtico Inc.
6. Boatjump SL
7. BoatBureau
8. Ocean Serenity
9. Boatsetter
10. Groupe Beneteau
11. Zizoo
12. BorrowABoat
13. Samboat
14. Incrediblue
15. Boatbay
16. West Coast Marine
17. Odyssey Boats
18. Le Boat
19. THE MOORINGS
20. Nautal.
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Key Offerings:
Past Market Size and Competitive Landscape
Boat Rental Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Boat Rental Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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