Comprehensive Boat Rental Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Boat Rental Market Size Growth Forecast: What to Expect by 2025?
The market size for boat rentals has seen a robust expansion in the recent past. Its growth is projected to continue from $18.6 billion in 2024 to attain $19.77 billion in 2025. This progression occurs at a compound annual growth rate (CAGR) of 6.3%. The impressive growth during the historical phase can be linked to factors such as the rise in leisure and tourism trends, evolving consumer tastes, the growing popularity of aquatic activities, ease of access to coastal and inland waters, and the increasing trend of peer-to-peer boat rentals.

How Will the Boat Rental Market Size Evolve and Grow by 2029?
In the upcoming years, the boat rental market size is predicted to experience robust growth and reach $26.11 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 7.2%. This anticipated growth during the projection period is due to factors like an increase in disposable income, a preference for sustainable and eco-friendly adventures, the expansion of the tourism industry, marketing and online platform improvements, and innovative rental designs. Noteworthy trends expected during this same projection period consist of the use of virtual and augmented reality for boat previews, introducing contactless procedures for check-in and check-out, strategic collaborations with tourism and hospitality partners, inception of AI-powered boat suggestions and emphasis on educational and safety training for those who rent.

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What Drivers Are Propelling the Growth of Boat Rental Market Forward?
The boat rental market's growth is being propelled by the worldwide development of the marine tourism industry. This form of tourism includes enjoyable outings that require traveling away from one's house and immersing in the coastal setting, involving traveling on boats, cruises, and yachts for business or recreation. Hence, the expansion of marine tourism directly corresponds to the boat rental market's growth. As indicated in the 2023 National Drowning Report from Royal Life Saving Australia, the Australian boating industry reported a national turnover of $9.64 billion for the fiscal year 2022-23, as announced by the Boating Industry Association of Australia. These figures illustrate the noteworthy economic impact of the boating industry and the sustained safety concerns related to water-based activities. Consequently, the growth of the boat rental market is stimulated by the global development of the marine tourism industry.

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Which Emerging Trends Are Transforming the Boat Rental Market in 2025?
The primary trend gaining traction in the boat rental market is that of technological innovation. The leading companies in this space are focusing on unveiling groundbreaking technologies to consolidate their market position. One such instance occurred in June 2022 when Vision Marine Technologies, a firm based in Canada that crafts high-performance, sustainable, and electric recreational powerboats, introduced E-Motion technology. Being the first high-performance electric propulsion engine in the world, E-Motion integrates a 180-horsepower (135 kW) motor with an advanced battery management system, slashing energy expenses by 90%. Apart from augmenting performance and range, E-Motion doesn't necessitate additional charging equipment or infrastructure. The only requirement is a 220-volt charging outlet, which is largely pre-existent in nearly every marina's infrastructure.

What Are the Key Segments in the Boat Rental Market?
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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Who Are the Key Players Shaping the Boat Rental Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Boat Rental Market?
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.

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