Press release
Marinas Market Soars across Global Shores: Surges in Boating Industry and Emerging Trends Drive Market Growth
Marinas Market
What Is The Projected Market Size Of The Global Marinas Market And Its Growth Rate?
With strong performance in recent years, the marinas market is well-positioned for continued growth. Key market statistics include:
- The market size was $18.28 billion in 2024 and expected to grow to $19.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
- Growth over the past years has been fueled by recreational boating trends, waterfront property development, tourism, and travel, economic growth in coastal regions, and nautical events and competitions.
- The market is projected to continue its strong growth trajectory to reach $24.38 billion in 2029, with a CAGR of 5.8% during the forecast period.
- Factors driving growth over the forecast period include sustainable and eco-friendly practices, boating lifestyle and experiences, coastal and marine tourism, regulatory and environmental compliance, and waterfront property investments.
What Is Driving The Growth In The Marinas Market?
The marinas market's growth is propelled by the increase in the boating industry, a crucial economic sector involving numerous watercraft of varying sizes for use on waterways and coastal areas. A marina provides an integrated suite of services, including maintenance, part replacements, accessories, cleaning, and fueling, along with providing a safe environment for boats and yachts, complemented by restaurants and leisure offerings.
For instance, in the US, marine industry sales increased in 2022 due to the National Marine Manufacturers Association, with an estimated sale of 250,000 new units. The high demand of 2023 is projected to reflect similar sales numbers. As a result, the growing boating industry contributes significantly to the expansion of the marina market.
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Who Are the Key Players Driving Marinas Market Growth?
Some of the major players influencing the growth of the global marina market include:
- Fassmer GmbH & Co. KG
- FB Design Srl
- LOMOcean Marine Ltd.
- Sunbird International Yacht Ltd.
- W Marine Inc.
- Bellingham Marine
- Marinetek India Pvt. Ltd.
- Meeco Sullivan The Marina Company
- SF Marina Systems AB
- Ingemar Srl
- Poralu Marine Inc.
- Walcon Marine Ltd.
- Cubisystem
- EZ-Dock Inc.
- Martini Alfredo S.p.A.
What Are The Key Trends In The Marinas Market?
Key trends influencing the marinas market are:
- Implementation of safety and security measures
- Emphasis on environmental compliance
- Upgradation of infrastructure
- Development of destination marinas
- Community focus and arrangement of events
What Are The Segments Of The Global Marinas Market?
The marinas market is broadly divided according to:
1. Type: Private, Public, Commercial
2. Port Type: Seaport, Inland Port
3. Application: Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas
Which Region Leads The Marinas Market?
In 2024, North America was the largest region within the marinas market. However, the marinas market spans across several global regions, including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Marinas Market Global Market Report?
- Market Size Analysis: Analyze the Marinas Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Marinas Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Marinas Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Marinas Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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