Boat Rental Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Boat Rental Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Boat Rental Market Size and Its Estimated Growth Rate?
In recent years, the size of the boat rental market has experienced robust growth, with projections showing an increase from $18.6 billion in 2024 to $19.77 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be ascribed to several factors including leisure and tourism trends, shifting consumer tastes, the rising popularity of water-based activities, easy access to both coastal and inland waters, and the rise of peer-to-peer boat rentals.

The market size of boat rentals is projected to experience robust expansion in the upcoming years, with an estimated value of $26.11 billion by 2029, thanks to a compound annual growth rate (CAGR) of 7.2%. The surge anticipated during this period can be credited to factors such as increased disposable incomes, the choice for green and earth-friendly experiences, the flourish of the tourism industry, marketing strategies, online platforms, and creative rental schemes. Significant trends predicted during this period involve the use of virtual and augmented reality for boat showings, the incorporation of touch-free check-in and check-out methods, partnerships with tourism and hospitality entities, creation of AI-supported boat recommendations, and an emphasis on educational and safety training for those renting boats.

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How Are Emerging Segments Shaping the Boat Rental Market Landscape?
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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Which Growth Factors Are Influencing Boat Rental Market Expansion?
The boat rental market is anticipated to experience significant growth due to the global growth of marine tourism. Marine tourism includes engaging activities requiring travel away from home while utilizing the coastal environment. This type of tourism typically includes sailing on boats, cruises, and yachts for both leisure and business purposes. Consequently, an increase in marine tourism directly translates to an increase in the boat rental market. For instance, according to the 2023 National Drowning Report by Royal Life Saving Australia, the boating industry in Australia demonstrated a nationwide turnover of $9.64 billion for the financial year 2022-23, as recorded by the Boating Industry Association of Australia. Such figures not only highlight the vast economic impact of the boating industry but also shed light on the continuous safety issues related to water activities. Hence, the surge in marine tourism worldwide is leading the growth of the boat rental market.

Who Are the Dominant Players Across Different Boat Rental Market Segments?
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 Latest Developing Trends in the Boat Rental Market?
The boat rental market is currently experiencing a surge in popularity due to the trend of technological advancements. Many major companies in the industry are focusing their efforts on innovative technological developments to secure their market position. Vision Marine Technologies, a Canadian company renowned for their high-performance, eco-friendly, hand-crafted electric leisure boats, exemplified this trend in June 2022 with the development of E-Motion technology. This technology is groundbreaking, representing the world's first high-performance electric propulsion engine. It combines a 135 kW motor and a state-of-the-art battery management system, cutting energy costs by an impressive 90%. The E-Motion, while increasing performance and range, doesn't demand any additional charging infrastructure or devices, simply a 220-volt charging outlet, a feature already incorporated into the majority of marina infrastructure.

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Which Geographic Regions Are Expected to Dominate the Boat Rental Market in the Coming Years?
Europe was the largest region in the boat rental market in 2024. North America is expected to be the fastest-growing region in the global boat rental market report during the forecast period. The regions covered in the boat rental 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 Boat Rental Market?
2. What is the CAGR expected in the Boat Rental Market?
3. What Are the Key Innovations Transforming the Boat Rental Industry?
4. Which Region Is Leading the Boat Rental Market?

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