Boat Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Boat Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5574
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Market Overview:

The global boat rental market size reached US$ 18.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Boat rental is a service that allows individuals to rent a boat from a private owner for leisure or recreational purposes. It is more economical than owning a boat as it has zero maintenance costs and the renter can be assured that it is in proper running condition and has the necessary safety gear and equipment on board. It provides boats as per the requirements of the customers and offers a more personalized experience. Besides this, boat rental can also offer additional facilities, such as skiing and tubbing.

Boat Rental Market Trends:

The emergence of peer-to-peer boat rentals that offer insurance, safety and security checks, and a secure payment system represents one of the key factors bolstering the growth of the market. In addition, sailing nowadays is gaining immense traction worldwide on account of numerous associated benefits. These include muscle strength and endurance, mental wellbeing, reduced stress, improved concentration, and increased agility and spatial awareness. It can also help improve cardiovascular health and reduce the risk of hypertension, obesity, and other heart diseases. This, coupled with the increasing participation in recreational activities, which aid in promoting and maintaining overall health and wellness, is creating a positive outlook for the market. Besides this, marine tourism is one of the growing tourism segments around the world, which is attracting tourists to different marine activities. This, in turn, is driving the market across the globe. Other factors, such as the expansion of online rental services and the availability of luxury boats for rent that provide enhanced comfort and travel experience, are anticipated to facilitate the growth of the market in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global boat rental market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on boat type, power source, length and activity type.

Breakup by Boat Type:

  • Yachts
  • Sailing Boat
  • Catamaran
  • Motorboat
  • Others

Breakup by Power Source:

  • IC Engine
  • Electric

Breakup by Length:

  • Up To 28 Feet
  • 28-45 Feet
  • More Than 45 Feet

Breakup by Activity Type:

  • Fishing
  • Sailing
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bluewater Yachting, Boatjump SL, Boatsetter Inc., GetMyBoat, Globe Sailor, Le Boat, Nautal (Click&Boat), Sailo Inc., SamBoat, Yachtico and Zizooboats GmbH.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Boat Type, Power Source, Length, Activity Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bluewater Yachting, Boatjump SL, Boatsetter Inc., GetMyBoat, Globe Sailor, Le Boat, Nautal (Click&Boat), Sailo Inc., SamBoat, Yachtico and Zizooboats GmbH.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global boat rental market to exhibit a CAGR of 5.4% during 2023-2028.

Th growing marine tourism, along with the rising demand for boat rental services to provide personalized experience with zero maintenance costs, is primarily driving the global boat rental market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous recreational activities, thereby negatively impacting the global market for boat rental services.

Based on the boat type, the global boat rental market has been divided into yachts, sailing boat, catamaran, motorboat, and others. Currently, motorboat exhibits a clear dominance in the market.

Based on the power source, the global boat rental market can be categorized into IC engine and electric, where IC engine currently accounts for the majority of the global market share.

Based on the length, the global boat rental market has been segregated into up to 28 feet, 28-45 feet, and more than 45 feet. Among these, up to 28 feet holds the largest market share.

Based on the activity type, the global boat rental market can be bifurcated into fishing, sailing, and others. Currently, sailing exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global boat rental market include Bluewater Yachting, Boatjump SL, Boatsetter Inc., GetMyBoat, Globe Sailor, Le Boat, Nautal (Click&Boat), Sailo Inc., SamBoat, Yachtico, and Zizooboats GmbH.

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Boat Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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