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We expect the global boat rental market to exhibit a CAGR of 5.50% during 2022-2027.
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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