Boat Rental Market Anticipates Surpassing US$ 21.52 Billion in Revenue by 2031| States TMR

boat rental

Boat Rental

Booming tourism industry, increasing recreational activities and marine tourism, and rapid development of various business models are driving the industry.

WILMINGTON, DELAWARE , UNITED STATES, October 23, 2023 / — Transparency Market Research anticipates the “๐๐จ๐š๐ญ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ” to expand by USD 21.52 billion between 2022 to 2031. Furthermore, the market’s growth trajectory is set to advance at a CAGR of 4.10% over the forecast period. Ease of communication and accessibility to boat owners is a key driver of the boat rental market. Several travel agencies offering innovative luxury packages to provide a novel sea transportation experience is increasing the attractiveness of the industry. Business Model, Boat Size, Technology, Boat Class, Propulsion and Geography categorize the market. Transparency Market Research offers a comprehensive report summary that outlines market size, forecasts, and research methodology.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @

๐๐จ๐š๐ญ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ฒ๐ง๐จ๐ฉ๐ฌ๐ข๐ฌ

Customers can rent boats for their vacations or for recreational use. Renting a boat makes sense in the modern world because everything can be obtained without owning it. The renting solution aids in the reuse of these idle ships because the majority of boats spend more than 50% of their useful lifetimes moored. According to the needs of the client, boat rental firms offer either crewed or uncrewed boats that are either fueled or unfueled.

A wide range of excellent amenities are offered to boats with an experienced crew. These boats offer a complete luxury experience with the best comfort and standards, and they are chartered for business and luxury purposes. In several parts of the world, most prominently in Europe, boats are frequently used for cruising and fishing.

๐‡๐ข๐ ๐ก ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‚๐ฅ๐š๐ฌ๐ฌ ๐๐จ๐š๐ญ๐ฌ ๐€๐ฎ๐ ๐ฆ๐ž๐ง๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

โ€ข In terms of boat class, the global boat rental market has classified as luxury, sports, entry, and others. The luxury boat class segment held a major share of 38.12% of the global market in 2021. The segment is estimated to maintain its position in the market and expand at a CAGR of more than 3.91 % during the forecast period owing to growing interest in luxury cruising, particularly among rich individuals around the world.

โ€ข Exploring new tourist spots that provide luxury cruises has attracted the wealthy and the general public to travel across the world. Furthermore, companies focus on delivering greater comfort and extended luxury cruises for their passengers by creating premium services, such as internet facilities, bars and restaurants. This is expected to boost the luxury segment of the boat rental market.

โ€ข Wealthy individuals and high tax players are increasing their investments in boats and yachts and running them for profit, be it on their own or via the third party administration. Moreover, customers in the U.S., particularly high net worth individuals, hire luxury boats or prefer canoe rentals for watersports and adventure tourism.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ฎ๐ฌ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐š๐ง๐ ๐๐ซ๐ข๐œ๐ข๐ง๐ -

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐Ÿ ๐๐จ๐š๐ญ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

โ€ข Regional analysis of the boat rental market has been based on production trends, political reforms, regulation changes, and demand. Europe dominates the boat rental industry, and the region accounted for a major share of the market, in terms of revenue share, in 2021.

โ€ข Europe is also projected to be the fastest growing market for boat rentals and holds more than 35.78% share due to the presence of numerous tourist destinations in the region. Spain and Italy account for a significant share in terms of revenue. Moreover, growing popularity of fishing and water sports and the presence of high net worth individuals are estimated to consistently propel the growth prospects for boat rental market in Europe during the forecast period.

โ€ข North America holds a significant share of the market as boat rental service providers have entered the region with the endorsement of advanced platforms such as Uber and Boatsetter. The U.S. dominates the market in the region due to the high presence of central boat hiring locations in the country. Additionally, increased public spending on water sport activities and leisure travel is further driving the market in the region.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

โ€ข ๐ˆ๐ง ๐…๐ž๐›๐ซ๐ฎ๐š๐ซ๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, Yanmar Holdings acquired GetMyBoat, a boat rental company. The acquisition is a part of the former company’s US$ 21 million funding round and after the acquisition as well, GetMyBoat would be operating as separate entity.

โ€ข ๐ˆ๐ง ๐€๐ฎ๐  ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ, Click&Boat acquired Nautal, a key player in the boat rental market in Europe. Currentnly, the company holds a dominant position in the global market. The acquisition is estimated to enable Click&Boat to reach revenue of US$ 115 Mn in 2021.

๐‡๐š๐ฏ๐ž ๐€๐ง๐ฒ ๐๐ฎ๐ž๐ซ๐ฒ? ๐€๐ฌ๐ค ๐Ž๐ฎ๐ซ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ๐ฌ:

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐จ๐ฆ๐ข๐ง๐š๐ง๐ญ ๐ฌ๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐๐จ๐š๐ญ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ

GETMYBOAT Inc., Brunswick Group, Beneteau Group, BRP, Blue Boat Yacht Entertainment Company, Boatsetter, Click&Boat, Incrediblue, Navigare Yachting, Odyssey Boats, Sailo Inc., Yachtico Inc., Odyssey Boats, YANMAR Marine International, and Zizooboats GmbH.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐๐จ๐š๐ญ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ-

๐๐ฒ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐Œ๐จ๐๐ž๐ฅ

โ€ข Charter

โ€ข Day Cruise

โ€ข Lux Charter

โ€ข Lux Day Cruise

โ€ข Tour

โ€ข Event/ B2B

โ€ข Peer to Peer (P2P)

๐๐ฒ ๐๐จ๐š๐ญ ๐’๐ข๐ณ๐ž

โ€ข Up to 20 Feet

โ€ข 21 Feet โ€“ 35 Feet

โ€ข 36 Feet โ€“ 50 Feet

๐๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

โ€ข Service & Maintenance

โ€ข Connected Systems

โ€ข Fleet Management

โ€ข Assistance Systems

โ€ข Monitoring Systems

โ€ข Others

๐๐ฒ ๐๐จ๐š๐ญ ๐‚๐ฅ๐š๐ฌ๐ฌ

โ€ข Luxury

โ€ข Sports

โ€ข Entry

โ€ข Others

๐๐ฒ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง

โ€ข Fuel Powered

โ€ข Outboard Engine

โ€ข Sterndrive/ Inboard Engine

โ€ข Electric Boats

โ€ข Sailed

โ€ข Others

๐Š๐ž๐ฒ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐€๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐

โ€ข What will the Boat Rental market growth rate during the forecast period?

โ€ข Which are the key factors driving the Boat Rental market?

โ€ข What was the size of the Boat Rental market by 2031?

โ€ข Which region is expected to hold the highest market share in the Boat Rental market?

โ€ข What trends, challenges and barriers will impact the development and sizing of the Global Boat Rental market?

โ€ข What are the Boat Rental market opportunities in the global Boat Rental Industry?

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-

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Nikhil Sawlani
Transparency Market Research Inc.
+ +1 518-618-1030
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