Boat Rental Market size is expected to reach $29.67 Bn by 2030, as per Maximize Market research
Boat Rental Market was valued at USD 19.57 Billion in 2023, and is expected to reach USD 29.67 Billion by 2030, exhibiting a CAGR of 6.12 % during the forecast period (2024-2030).
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Boat Rental Market Overview
What is the Boat Rental Market?
The boat rental market encompasses short-term and long-term rentals of various types of boats, from yachts and sailboats to motorboats and pontoons, catering to leisure, travel, and event needs. The market has witnessed growth as travelers seek unique experiences on the water without the costs and responsibilities of ownership.
Key Boat Rental Market Drivers
Growing tourism, rising disposable incomes, and the increasing appeal of luxury and adventure experiences are driving the boat rental market forward. Additionally, digital platforms have made it easier to book boats, enhancing accessibility for consumers seeking hassle-free water-based activities and vacation experiences.
Boat Rental Market Restraints
The market faces challenges from high operational costs, including maintenance, insurance, and fuel expenses, which can impact rental prices. Furthermore, seasonal demand, especially in regions with cold climates, limits year-round profitability for some operators.
Opportunities for Growth
Opportunities are ripe in the market, particularly with the rising demand for sustainable and eco-friendly boating options. Electric boats, shared rentals, and customized packages for various occasions are helping rental companies attract a broader audience. Digital innovations like mobile booking apps and AR-based boat tours are also elevating customer experiences and expanding market reach.
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Regional Insights: Europe Leads the Boat Rental Market
Europe dominates the global boat rental market, benefiting from an extensive coastline, scenic destinations, and a strong maritime culture. Countries such as Italy, Greece, Croatia, and France are especially popular for boat rentals, attracting both local and international tourists. The region’s emphasis on sustainable tourism and a high demand for luxury yacht rentals position Europe as a global leader in this sector.
Boat Rental Market Segmentation
by Propulsion Type
1. Fuel Powered
2. Sail Boat
3. Electric Boat
by Boat Size
1. Up to 20 Feet
2. 21 To 35 Feet
3. Above 36 To 50 Feet
by Boat Class
1. Luxury
2. Sports
3. Entry
by Activity
1. Sailing and leisure
2. Fishing
3. Others
Boat Rental Market Key Players
1. GetMyBoat, Inc.,
2. Click&Boat,
3. Sailo, SamBoat
4. GlobeSailor
5. Yachtico Inc.
6. Boatjump SL
7. BoatBureau
8. Ocean Serenity
9. Boatsetter
10. Groupe Beneteau
11. Zizoo
12. BorrowABoat
13. Samboat
14. Incrediblue
15. Boatbay
16. West Coast Marine
17. Odyssey Boats
18. Le Boat
19. THE MOORINGS
20. Nautal.
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