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Global Boat Rental Market: By Propulsion: Sail Boats, Electric Boats, Fuel-powered Boats, Others; By Boat Length: Up to 28 Feet, 28 to 45 Feet, More than 45 Feet; By Business Model; By Boat Class; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Boat Rental Market Outlook

The global boat rental market reached a value of about USD 18.14 billion in 2021. The industry is further expected to grow at a CAGR of about 5.26% in the forecast period of 2022-2027 to reach a value of around USD 24.68 billion by 2027.

 

North America and Europe to be Significant Regional Markets for Boat Rental

Boats and water activities are popular recreational activities, especially in the North American and European regions. These regions account for the majority of boat rental start-ups. North America is the leading region in the global market, followed by Europe. European countries, like Germany, Italy, and France, are the leading supplier of boats. The United States is the leader in manufacturing various boats; these boats are highly adopted in North America for shipping and sports activities. The growing adoption of boat rental platforms, such as boat setter in North America, is expected to drive the market over the forecast period. Rising government initiatives for the development of the tourism industry in the region is the growth factor for the market. Moreover, increasing public spending on water sports activities and leisure travel is responsible for the region's market growth. Increasing globalisation further drives the market in the region.

 

Based on Boat Class, Luxury Segment Account for a Significant Market Share

Based on boat class, the market is segmented into luxury, sports, and entry, among others. The luxury segment is anticipated to expand at a rapid pace in the coming years. Luxury boats and yachts offer high speed, comfort, safety, and privacy. Thus, these are widely demanded among consumers. Further, by creating premium services, such as internet facilities, bars, and restaurants, the companies focus on delivering greater comfort and extended luxury cruises for their passengers. This is expected to augment the segment growth.

 

Market Segmentations

Boats are defined as vessels that are used as a mode of transportation and for recreational purposes. The boats are different from ships in terms of various factors, such as size, construction and design, operational areas, cargo capacities, navigation technology, and many others. In terms of operational areas, boats are operable in smaller or restricted water areas, including ferrying and towing vessels, sail vessels, paddle vessels, and others. Renting a boat means one pay’s someone to use his or her boat.

By propulsion, the market includes:

  • Sail Boats
  • Electric Boats
  • Fuel-powered Boats
  • Others

Based on boat length, the market is divided into:

  • Up to 28 Feet
  • 28 to 45 Feet
  • More than 45 Feet

The various business models are:

  • Charter
  • Tour
  • Day Cruise
  • Lux Charter
  • Lux Day Cruise
  • Event/B2B
  • Peer to Peer [P2P]
  • Business to Consumer [B2C]
  • Others

On the basis of boat class, the market is segmented into:

  • Entry
  • Sports
  • Luxury
  • Others

The regional markets for the boat rental industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Growing Tourism Industry Augmenting the Market Growth

The booming tourism industry, rising interest of people in recreational activities and marine tourism are likely to propel the demand for boat rentals in the coming years. Boat rental provides an easy and convenient way to own a boat without owning it. The boat rental industry, coupled with the growing accessibility to high-speed internet and social media, is leading to better connectivity between boat owners and boat users.

Growing urbanisation, changing lifestyle of the populace, and a rise in disposable income are some of the factors driving the market. The availability of luxury boats for rent for enhanced comfort and travel experience is expected to propel the market growth over the forecast period. The online boat rental booking service on the company's website and applications further provide convenience to consumers and influences the market growth.

 

Key Players in the Global Boat Rental Market

The report gives a detailed analysis of the following key players in the global boat rental industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • GetMyBoat, Inc.
  • Boatjump S.L.
  • Nautal Smart Sailing S.L.
  • Yachtico GmbH
  • Zizooboats GmbH
  • Sailo Inc.
  • Boatsetter, Inc.
  • Le Boat (Crown Travel Limited)
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Boat Rental Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Boat Rental Historical Market (2017-2021) 
    8.3    Global Boat Rental Market Forecast (2022-2027)
    8.4    Global Boat Rental Market by Propulsion
        8.4.1    Sail Boats
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Electric Boats
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Fuel-powered Boats
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Boat Rental Market by Boat Length
        8.5.1    Up to 28 Feet
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    28 to 45 Feet
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    More than 45 Feet
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Boat Rental Market by Business Model
        8.6.1    Charter
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Tour
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Day Cruise
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Lux Charter
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Lux Day Cruise
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Event/B2B
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Peer to Peer [P2P]
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2017-2021)
            8.6.7.3    Forecast Trend (2022-2027)
        8.6.8    Business to Consumer [B2C]
            8.6.8.1    Market Share
            8.6.8.2    Historical Trend (2017-2021)
            8.6.8.3    Forecast Trend (2022-2027)
        8.6.9    Others
    8.7    Global Boat Rental Market by Boat Class
        8.7.1    Entry
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Sports
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Luxury
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Boat Rental Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    GetMyBoat, Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Boatjump S.L.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Nautal Smart Sailing S.L.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Yachtico GmbH
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Zizooboats GmbH
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Sailo Inc.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Boatsetter, Inc.
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Le Boat (Crown Travel Limited)
            11.2.8.1    Company Overview
            11.2.8.2    Product Portfolio
            11.2.8.3    Demographic Reach and Achievements
            11.2.8.4    Certifications
        11.2.9    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Boat Rental Market: Key Industry Highlights, 2017 and 2027
2.    Global Boat Rental Historical Market: Breakup by Propulsion (USD Billion), 2017-2021
3.    Global Boat Rental Market Forecast: Breakup by Propulsion (USD Billion), 2022-2027
4.    Global Boat Rental Historical Market: Breakup by Boat Length (USD Billion), 2017-2021
5.    Global Boat Rental Market Forecast: Breakup by Boat Length (USD Billion), 2022-2027
6.    Global Boat Rental Historical Market: Breakup by Business Model (USD Billion), 2017-2021
7.    Global Boat Rental Market Forecast: Breakup by Business Model (USD Billion), 2022-2027
8.    Global Boat Rental Historical Market: Breakup by Boat Class (USD Billion), 2017-2021
9.    Global Boat Rental Market Forecast: Breakup by Boat Class (USD Billion), 2022-2027
10.    Global Boat Rental Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Boat Rental Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Boat Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Boat Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Boat Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Boat Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Boat Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Boat Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Boat Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Boat Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Boat Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Boat Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Boat Rental Market Structure

Key Questions Answered in the Report

In 2021, the global boat rental market attained a value of nearly USD 18.14 billion.

The market is projected to grow at a CAGR of 5.26% between 2022 and 2027.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 24.68 billion by 2027.

The major drivers of the market include the government initiatives for the development of the tourism industry, increasing public spending on water sports activities and leisure travel, growing marine tourism, growing accessibility to high-speed internet and social media, rapid urbanisation, changing lifestyle of the populace, and a rise in disposable income.

The booming tourism industry and increasing interest of people in recreational activities are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on propulsion, the market is divided into sail boats, electric boats, and fuel-powered boats, among others.

Based on boat length, the market is divided into up to 28 feet, 28 to 45 feet, and more than 45 feet.

The various business models are charter, tour, day cruise, lux charter, lux day cruise, event/B2B, peer to peer [P2P], and business to consumer [B2C], among others.

On the basis of boat class, the market is segmented into entry, sports, and luxury, among others.

The major players in the industry 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. 

Analyst Review

The global boat rental market attained a value of USD 18.14 billion, driven by the booming tourism industry. Aided by the increasing public spending on water sports activities and leisure travel and changing lifestyle of the populace, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.26%. The market is projected to reach USD 24.68 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on propulsion, the market is divided into sail boats, electric boats, and fuel-powered boats, among others. Based on boat length, the market is divided into up to 28 feet, 28 to 45 feet, and more than 45 feet. The various business models are charter, tour, day cruise, lux charter, lux day cruise, event/B2B, peer to peer [P2P], and business to consumer [B2C], among others. On the basis of boat class, the market is segmented into entry, sports, and luxury, among others. The major regional markets for boat rental are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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