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Global Boat Rental Market Size, Share, Trends, Forecast: 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: Charter, Tour, Day Cruise, Lux Charter, Lux Day Cruise, Others; By Boat Class; Regional Analysis; Competitive Landscape; 2024-2032
Global Boat Rental Market Outlook
The global boat rental market reached a value of about USD 20.10 billion in 2023. The industry is further expected to grow at a CAGR of about 5.3% in the forecast period of 2024-2032 to reach a value of around USD 31.89 billion by 2032.
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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
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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
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| 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:
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| Breakup by Propulsion |
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| Breakup by Boat Length |
|
| Breakup by Business Model |
|
| Breakup by Boat Class |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Boat Rental Market Analysis
8.1 Key Industry Highlights
8.2 Global Boat Rental Historical Market (2018-2023)
8.3 Global Boat Rental Market Forecast (2024-2032)
8.4 Global Boat Rental Market by Propulsion
8.4.1 Sail Boats
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electric Boats
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fuel-powered Boats
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Boat Rental Market by Boat Length
8.5.1 Up to 28 Feet
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 28 to 45 Feet
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 More than 45 Feet
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Boat Rental Market by Business Model
8.6.1 Charter
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Tour
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Day Cruise
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Lux Charter
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Lux Day Cruise
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Event/B2B
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Peer to Peer [P2P]
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Business to Consumer [B2C]
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Others
8.7 Global Boat Rental Market by Boat Class
8.7.1 Entry
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Sports
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Luxury
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Boat Rental Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Boat Rental Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Boat Rental Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Boat Rental Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Boat Rental Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Boat Rental Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GetMyBoat, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Boatjump S.L.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nautal Smart Sailing S.L.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Yachtico GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Zizooboats GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sailo Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Boatsetter, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Le Boat (Crown Travel Limited)
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Boat Rental Market: Key Industry Highlights, 2018 and 2032
2. Global Boat Rental Historical Market: Breakup by Propulsion (USD Billion), 2018-2023
3. Global Boat Rental Market Forecast: Breakup by Propulsion (USD Billion), 2024-2032
4. Global Boat Rental Historical Market: Breakup by Boat Length (USD Billion), 2018-2023
5. Global Boat Rental Market Forecast: Breakup by Boat Length (USD Billion), 2024-2032
6. Global Boat Rental Historical Market: Breakup by Business Model (USD Billion), 2018-2023
7. Global Boat Rental Market Forecast: Breakup by Business Model (USD Billion), 2024-2032
8. Global Boat Rental Historical Market: Breakup by Boat Class (USD Billion), 2018-2023
9. Global Boat Rental Market Forecast: Breakup by Boat Class (USD Billion), 2024-2032
10. Global Boat Rental Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Boat Rental Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Boat Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Boat Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Boat Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Boat Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Boat Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Boat Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Boat Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Boat Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Boat Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Boat Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Boat Rental Market Structure
Key Questions Answered in the Report
In 2023, the global boat rental market attained a value of nearly USD 20.10 billion.
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 31.89 billion by 2032.
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 20.10 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 2024-2032, growing at a CAGR of 5.3%. The market is projected to reach USD 31.89 billion by 2032.
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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