Press Release

Global Boat Rental Market to Grow at a CAGR of 5.3% During 2024-2032, Aided by the Growing Tourism Sector

Global Boat Rental Market

According to a new report by EMR titled ‘Global Boat Rental Market Report and Forecast 2024-2032’, the market attained a value of about USD 20.10 billion in 2023. The market is projected to grow at a CAGR of 5.3% between 2024 and 2032 to reach around USD 31.89 billion by 2032.

The market for boat rental is being driven by rising tourism across the globe. Tourism is skyrocketing with the growing middle-class sectors, increasing disposable incomes, demographic shifts, and increasing convenience in travel research and bookings, hence aiding the boat rental market growth.


The rising awareness of destinations with the growing social media and travel websites is further reinforcing tourism at a significant rate. It is estimated that by 2025, more than 280 million households in India and China will be travelling overseas each year.


About 80% of the tourism is conducted in coastal areas with beach holidays and leisurely activities such as diving, sports fishing, and cruising making up a prominent part of the blue economy on a global scale. Boat rental companies are capitalising on the growing marine tourism, with rental companies offering various kinds of boats including fuelled and unfuelled, and with crew and without crew.


Moreover, luxury boats are gaining traction as they offer the best experience to renters. Private yachts and boats are in high demand due to their exclusivity and privacy.  Europe and the United States are prominent regions in the market due to the presence of a large stretch of coastline, the rising tourism sector, and the high number of private islands.


Increasing expansion activities by key players are favouring the market demand. For instance, in February 2022, Vision Marine Technologies, Inc. (NASDAQ: VMAR) partnered with Blue Water Boat Rental to expand their electric rental boat operation into Florida, boosting visitor engagement and year-round operations.


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Market Analysis by Propulsion, Boat Length, Business Model, Boat Class, and Region:

  • The market, on the basis of propulsion, can be divided into sail boats, electric boats, and fuel-powered boats, among others.
  • Based on boat length, the market can be divided into up to 28 feet, 28 to 45 feet, and more than 45 feet.
  • Based on business model, the market can be segmented into charter, tour, day cruise, lux charter, lux day cruise, event/B2B, peer to peer [P2P], and business to consumer [B2C], among others.
  • The market, on the basis of boat class, can be segregated into entry, sports, and luxury, among others.
  • The major regional markets for boat rental include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Key Findings of the Report:

  • The global market is being driven by the expanding tourism sector globally and the increasing popularity of beach holidays.
  • Rising disposable incomes and increasing exposure to international destinations and leisurely activities through online media are supporting the boat rental market expansion.
  • The increasing demand for luxury and private yachts is aiding the growth of the market.
  • Increasing interest in recreational activities, including water sports activities, is contributing to the market growth.


Key Offerings of the Report:

  • The EMR report gives an overview of the global boat rental market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the propulsions, boat lengths, business models, boat classes, and major regions of boat rental.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.


The major players in the global boat rental market are GetMyBoat, Inc., Boatjump S.L., Nautal Smart Sailing S.L., Yachtico GmbH, Zizooboats GmbH, Sailo Inc., Boatsetter, Inc., and Le Boat (Crown Travel Limited), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.


Key Highlights of the Report

Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Propulsion
  • Boat Length
  • Business Model
  • Boat Class
  • Region
Breakup by Propulsion
  • Sail Boats
  • Electric Boats
  • Fuel-powered Boats
  • Others
Breakup by Boat Length
  • Up to 28 Feet
  • 28 to 45 Feet
  • More than 45 Feet
Breakup by Business Model
  • Charter
  • Tour
  • Day Cruise
  • Lux Charter
  • Lux Day Cruise
  • Event/B2B
  • Others
Breakup by Boat Class
  • Entry
  • Sports
  • Luxury
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • GetMyBoat, Inc.
  • Boatjump S.L.
  • Nautal Smart Sailing S.L.
  • Yachtico GmbH
  • Zizooboats GmbH
  • Sailo Inc.
  • Boatsetter, Inc.
  • Le Boat (Crown Travel Limited)
  • Others


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


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