Press release
Marinas Industry Outlook 2025-2029: Market Set to Cross $24.38 Billion Milestone
Marinas
How Large Will the Marinas Market Size By 2025?
The marinas industry has seen robust expansion in the past few years. Expanding from $18.28 billion in 2024 to $19.47 billion in 2025, the market is forecasted to exhibit a compound annual growth rate (CAGR) of 6.5%. This growth in the historic period can be credited to factors such as the popularity of recreational boating, development of waterfront properties, tourism and travel, economic spikes in coastal areas, and nautical events and competitions.
How Big Is the Marinas Market Size Expected to Grow by 2029?
Future predictions indicate a significant expansion in the marinas market in the forthcoming years, with an estimated value of $24.38 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.8%. The projected growth within the forecast period can be related to factors such as adopting sustainable and environment-conscious operations, the popularity of boating lifestyle and experiences, growth in coastal and marine tourism, adherence to regulations and environmental compliance, and investments in waterfront properties. During the forecast period, key trends are anticipated to be safety and security measures, environmental compliance, improvement of infrastructure, destination marinas, along with community-centric and event-focused activities.
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Which Key Market Drivers Powering Marinas Market Expansion and Growth?
The marinas market is predicted to expand alongside the growth of the boating industry. The latter encompasses a broad spectrum of waterborne vessels of varying sizes that are designed for use on various bodies of water, including rivers, lakes, and sheltered coastal regions. Marinas provide a comprehensive range of services including maintenance, the provision of spare parts and accessories, cleaning and fuelling, not to mention a safe haven for boats and yachts. They often also offer restaurant and leisure facilities. As an example, the National Marine Manufacturers Association (NMMA), a nonprofit trade association based in the US that represents boat, marine engine, and accessory manufacturers, reported in January 2023 that there was an increase in the sales of new powerboat units in the USA in 2022, with a total of approximately 250,000 new units sold. Propelled by early indicators of strong demand in 2023, retail unit sales are forecasted to mirror those of 2022. In conclusion, the rising popularity of the boating industry propels the marinas market growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Marinas Market?
Leading firms in the marina sector are concentrating on the development of innovative marina apps to enhance their business operations. Marina apps are mobile applications constructed to deliver services and data pertaining to marinas and boating activities. Take for example D-Marin, a marina management company based in Turkey, that rolled out The D-Marin, a superior marina app in July 2023. This app serves as a one-stop portal for users to avail customised services such as live marina berth booking and renewal, remote check-in, and protected payment options. To add on, the Smart Pedestal solution is integrated into the app, providing users the ability to monitor their energy and water consumption directly from the app. The D-Marin app is also linked to D-Marin's self-governing boat sensors, providing continuous tracking of various vessel conditions such as tide, heat, battery status, and location. The app is suitable for both annual and temporary customers, improving their convenience and safety thereby enhancing the overall boating experience.
What Are the Emerging Segments in the Marinas Market?
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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Who Are the Global Leaders in the Marinas Market?
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
Which are the Top Profitable Regional Markets for the Marinas Industry?
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
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