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Marinas Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Marinas
How Big Is the Marinas Market Size Expected to Be by 2034?
There has been a substantial increase in the size of the marinas market in the past few years. The market is projected to expand from $18.28 billion in 2024 to $19.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. This surge during the historical period is driven by factors such as the popularity of recreational boating, development of waterfront properties, tourism and travel, economic prosperity in coastal regions, and nautical events and competitions.
The size of the marinas market is predicted to experience robust expansion in the coming years, escalating to a value of $24.38 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. Such an expansion in the projected period can be credited to factors such as sustainable and eco-friendly approaches, boating lifestyle and experiences, coastal and marine tourism, adherence to regulatory and environmental guidelines, and investments in waterfront properties. Key trends for the forecast period encompass safety and security protocols, environmental adherence, infrastructure enhancement, destination marinas, and focus on community events.
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How Are Emerging Segments Shaping the Marinas Market Landscape?
The marinas market covered in this report is segmented -
1) By Type: Private, Public, Commercial
2) By Port Type: Seaport, Inland Port
3) By Application: Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas
Subsegments:
1) By Private: Residential Marinas, Exclusive Member Marinas
2) By Public: Municipal Marinas, Community Marinas
3) By Commercial: Tourist Marinas, Charter And Rental Marinas
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Which Growth Factors Are Influencing Marinas Market Expansion?
The projected expansion of the boating industry is likely to stimulate the marinas market's growth in the future. This industry pertains to the economic section that encompasses various types of watercrafts designed to float, fly, operate, and travel on water, usually on internal waterways like rivers and lakes, or on protected coastal zones. Marinas provide comprehensive services including repairs, replacement parts, accessories, cleaning, and refuelling. They also ensure a secure environment for boats and yachts and offer dining and recreational options. For instance, the National Marine Manufacturers Association (NMMA), based in the US and a non-profit trade organization for boat, marine engine, and accessory manufacturers, reported in January 2023 that sales of new powerboat units in the USA surged in 2022, with projected sales reaching 250,000 new units. Early indicators suggest that 2023 will maintain a strong demand atmosphere, with new retail unit sales predicted to match the levels of 2022. Thus, the growing boating industry is a key factor propelling the marinas market's growth in the future.
Who Are the Dominant Players Across Different Marinas Market Segments?
Major companies operating in the marinas 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., IGY Marinas, Suntex Marinas, Westrec Marinas Management Inc., Oasis Marinas LLC, F Marina, Coastal Marina Management LLC, Trident Marina Group LLC, Brewer Yacht Yard Group Inc., Camper & Nicholsons Marinas, Island Global Yachting LLC, Marina Management Services Pvt. Ltd., Marinas International Inc., MarineMax Inc., Morningstar Marinas LLC
What Are the Latest Developing Trends in the Marinas Market?
Major corporations in the marina domain are prioritizing the creation of sophisticated marina apps to boost their business growth. A marina app is essentially a mobile app offering facilities and details pertinent to marinas and sailing. For example, The D-Marin, a top-tier Marina app was introduced by D-Marin, an established marina management firm from Turkey, in July 2023. This application serves as a one-stop platform for customers to avail custom services such as instantaneous marina berth booking and renewal, remote check-in, and secure payment methods. It integrates the Smart Pedestal feature, allowing consumers to manage their power and water consumption right from the app itself. Moreover, this app syncs with D-Marin's self-governing boat sensors, thereby facilitating ongoing surveillance of boat conditions such as tide levels, temperature, battery charge, and location. The app aims to enhance convenience and safety for both long-term and temporary customers, thereby elevating the overall yachting experience.
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Which Geographic Regions Are Expected to Dominate the Marinas Market in the Coming Years?
North America was the largest region in the marinas market in 2024. The regions covered in the marinas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Marinas Market?
2. What is the CAGR expected in the Marinas Market?
3. What Are the Key Innovations Transforming the Marinas Industry?
4. Which Region Is Leading the Marinas Market?
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