Boat Rental Market Synopsis

Boat Rental Market Size Was Valued at USD 19.4 Billion in 2023, and is Projected to Reach USD 29.3 Billion by 2032, Growing at a CAGR of 4.7% From 2024-2032.

Boat rental can be defined as a business which allows people to hire a boat from its owner to use it for recreational purposes. The rental boats are the term used for the smaller boats or personal water vessels that are hired out for an hour or a day. The renter does not use the boat at night, therefore, does not sleep in the boat. Additionally, the service provider has boats depending on the customers’ demands and tends to make clients happy. In addition, the boat rental may offer other services for instance skiing and tubbing.

• The global boat rental market has been experiencing a steady growth due to increased marine tourism industry globally, increasing trend of online booking and easy accessibility to rental services, Availability of new and rennovated boats, transition to using more of energy as well as increased disposal income and purchasing power. However, high cost which is involved in renting a boat and other environmental issues related to boating are some of the factors that restrain the growth of market. Also, the technological improvement in boats and in the engines that run them is the factor that is expected to act as a growth prospect in the given period.
• Also, through direct and indirect employment, the sector has influenced the local governments and authorities to invest their money to expand and put up structures to accommodate the increasing number of tourists. These include provision of marinas, docks among others that will enable tourists to easily access boat renting services. Therefore, aspiring to drive the Boat Rental market revenue
• The development in the tourism and boating companies are also taking their share in consuming the market. These companies are relatively ‘healing’ from the effects of covid-19 and the economic burn that came with it after the pandemic. In addition, the ability to select boats depending on the requirement and the type of customization/specialization is generating the recovery path of the market. Higher pc income and higher tourist activities especially in the coastal regions of the world are creating demands for boats and are forcing boat rental services to establish their place. Therefore, it can be seen that renting boats is made easy and societal with the help of Internet services as it exhibits the boats which are available, dates, varieties, and other cruise package.
• An upsurge in development of private islands and governments marketing their coastal tourist places is also boosting the market. Marine tourism is on the rise as the recreational boating is on the rise among the tourist. Some of the shipbuilders and owners are also investing in islands to popularize cruiser and boat ride. Hence, the market is expected to grow at a higher rate as evidenced in the above analysis.

Boat Rental Market Trend Analysis

Increasing tourism and leisure activities

• The market is growing due to rise in trend of tourism and leisure activities among population. There are more customers who want to have original and extraordinary services and products, and hiring boats is an interesting service. There is cruises tourism along the coastal lines and tourism along the inland waterway channels, which are some of the human activities searching for memorable water related actualization occasions. People feel the need of recreation and entertainment through fun activities like fishing, tour and sightseeing and water sports thus demand for boat rental. This is especially so given the increasing possibility of global travel and tourism meaning that the market is likely to be defined by people seeking fun and scenic water activities.

Rise in recreational boating

• Increase in passenger’ interest in recreational boating is also one of the factors boosting the market’s progression. Many people are interested in the proposition of navigating water bodies on their own and not necessarily owning a boat. Renting is another preferable type to spend a certain amount of money on the recreational activity, especially for those, who do not want to bear the responsibilities for the boat, its maintenance, and storage. Additional means or causes that have a positive impact on the demand for boat rental services include; In the current society, more and more people engage in recreational boating events, boat clubs, and water-based festivals where people seem to want to rent boats to use in these events for some time before taking them back.

Boat Rental Market Segment Analysis:

Boat Rental Market Segmented based on Boat Type, Power Source, Length, and Activity Type.

By Boat Type, Motorboat segment is expected to dominate the market during the forecast period

• Motorboats are leading the industry and are popular among various boating enthusiasts, who require high speed, easy handling and multifunctional boats. This segment comprises of various types of boats including; small runabouts, larger cruisers, and other boats suitable for activities like; water sports, fishing, and cruising. The prominence of motorboats is due to various uses of these boats, and are suitable to most people whether new or experienced in boating.
• Yachts as luxury ships always give meaning to the segment of the market, orienting to the buyer that side of individual, who opts for an exclusive maritime experience. Usually defined by their size, features, or styles, yachts meet the expectations of those who wish to have a luxurious vacation on a boat, which is why they are such an essential segment of rented boats.
• Such boats are popular among those people who dream of handling their boats by themselves without any intervention from the professionals. This segment may be considered as the adventurous one and that is why it is represented by those people and groups who have the dream to feel themselves real sailors mastering the wind power. Sailing boats are boats which have sails and are used to sail across the sea, they are preferred by those who want to feel the ecology of the respective sea.
• Catamarans also boast about the features of their twin-hulled structure and are now regarded for their stability and rather ample interiors. This segment targets everyone ranging from families and groups who are in need of a car that is both comfortable and performs well. A catamaran is a multi-hulled watercraft that has two hulls side by side, apart from each other, it is designed in a way so that they are connected horizontally which makes it very steady and sea sickness free makes it ideal for near shore coastal use and longer voyages.

By Activity Type, Sailing segment held the largest share in 2023

• The sailing segment in the market is designed for those people who would like to enjoy the process of sailing or feel it as an interesting activity. Sailing boats are of different classes including dinghies, catamarans and keel boats, hence one is able to differentiate between a twinkle toes and a Formula 18. Here the boats use the energy of the wind to sails, it makes these boats suitable means to travel on water without harming the environment. Sailing boats are common for leisure cruises, learning to sail and even as race boats. This part of the boat rental industry targets individuals who love to sail a boat and the ability as well as the challenge that comes with sailing a boat in the open waters.
• The segment related to fishing in the market is aimed at the audience interested in vessels, which are designed and equipped for fishing. Some of the boats that fall under this category them being fitted with features of fishing compartment, fishing rod holders, fish finders, and livewells to a degree in improving the fishing experience. Thus, fishing boats may be small and able to navigate in inland waters and canoes while other may be big boats meant for deep sea fishing. Here, this segment looks at the requirements of the fishermen by availing to them the right tools as well as the environment required to have an excellent fishing experience..

Boat Rental Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The market segment from North America is a dominating region where the boating tradition and recreational activities are quite intense in countries like the USA and Canada. Coastal regions, lakes and rivers are considered the most popular boating ones that mean high demand for boat rentals among the boaters. North America is geographically diverse with facilities for water related activities some of which include sailing in the great lakes, water coasters among others making it have a very active market for boat rental services.
•  Further, the Asia Pacific region is gradually becoming a prominent segment of the global market due to the increasing craze for water entertainment facilities in Australia, China, and other Southeast Asian countries. Being a region with a large number of coastal lines, many islands, and beautiful inland water bodies, Asia Pacific is a perfect ground for boat rentals. Expansion in recreational boating As a result of the boosted disposable income, more people engaging in urbanization, and the rising middle-class population, the Asia Pacific region offers a strong market for these rental services.

Active Key Players in the Boat Rental Market

• Bluewater Yachting
• Boatjump SL
• Boatsetter Inc.
• GetMyBoat
• Globe Sailor
• Le Boat
• Nautal (Click&Boat)
• Sailo Inc.
• SamBoat
• Yachtico
• Zizooboats GmbH
• Other Key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Boat Rental Market by Boat Type
 4.1 Boat Rental Market Snapshot and Growth Engine
 4.2 Boat Rental Market Overview
 4.3 Yachts
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Yachts: Geographic Segmentation Analysis
 4.4 Sailing Boat
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Sailing Boat: Geographic Segmentation Analysis
 4.5 Catamaran
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Catamaran: Geographic Segmentation Analysis
 4.6 Motorboat
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Motorboat: Geographic Segmentation Analysis
 4.7 and Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 and Others: Geographic Segmentation Analysis

Chapter 5: Boat Rental Market by Power Source
 5.1 Boat Rental Market Snapshot and Growth Engine
 5.2 Boat Rental Market Overview
 5.3 IC Engine
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 IC Engine: Geographic Segmentation Analysis
 5.4 Electric
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Electric: Geographic Segmentation Analysis

Chapter 6: Boat Rental Market by Length
 6.1 Boat Rental Market Snapshot and Growth Engine
 6.2 Boat Rental Market Overview
 6.3 Up To 28 Feet
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Up To 28 Feet: Geographic Segmentation Analysis
 6.4 28-45 Feet
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 28-45 Feet: Geographic Segmentation Analysis
 6.5 More Than 45 Feet
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 More Than 45 Feet: Geographic Segmentation Analysis

Chapter 7: Boat Rental Market by Activity Type
 7.1 Boat Rental Market Snapshot and Growth Engine
 7.2 Boat Rental Market Overview
 7.3 Fishing
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Fishing: Geographic Segmentation Analysis
 7.4 Sailing
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Sailing: Geographic Segmentation Analysis
 7.5 and Others
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 and Others: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Boat Rental Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 BLUEWATER YACHTING
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 BOATJUMP SL
 8.4 BOATSETTER INC
 8.5 GETMYBOAT
 8.6 GLOBE SAILOR
 8.7 LE BOAT
 8.8 NAUTAL (CLICK&BOAT)
 8.9 SAILO INC
 8.10 SAMBOAT
 8.11 YACHTICO
 8.12 ZIZOOBOATS GMBH
 8.13 OTHER MAJOR PLAYERS

Chapter 9: Global Boat Rental Market By Region
 9.1 Overview
 9.2. North America Boat Rental Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Boat Type
   9.2.4.1 Yachts
   9.2.4.2 Sailing Boat
   9.2.4.3 Catamaran
   9.2.4.4 Motorboat
   9.2.4.5 and Others
  9.2.5 Historic and Forecasted Market Size By Power Source
   9.2.5.1 IC Engine
   9.2.5.2 Electric
  9.2.6 Historic and Forecasted Market Size By Length
   9.2.6.1 Up To 28 Feet
   9.2.6.2 28-45 Feet
   9.2.6.3 More Than 45 Feet
  9.2.7 Historic and Forecasted Market Size By Activity Type
   9.2.7.1 Fishing
   9.2.7.2 Sailing
   9.2.7.3 and Others
  9.2.8 Historic and Forecast Market Size by Country
   9.2.8.1 US
   9.2.8.2 Canada
   9.2.8.3 Mexico
 9.3. Eastern Europe Boat Rental Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Boat Type
   9.3.4.1 Yachts
   9.3.4.2 Sailing Boat
   9.3.4.3 Catamaran
   9.3.4.4 Motorboat
   9.3.4.5 and Others
  9.3.5 Historic and Forecasted Market Size By Power Source
   9.3.5.1 IC Engine
   9.3.5.2 Electric
  9.3.6 Historic and Forecasted Market Size By Length
   9.3.6.1 Up To 28 Feet
   9.3.6.2 28-45 Feet
   9.3.6.3 More Than 45 Feet
  9.3.7 Historic and Forecasted Market Size By Activity Type
   9.3.7.1 Fishing
   9.3.7.2 Sailing
   9.3.7.3 and Others
  9.3.8 Historic and Forecast Market Size by Country
   9.3.8.1 Bulgaria
   9.3.8.2 The Czech Republic
   9.3.8.3 Hungary
   9.3.8.4 Poland
   9.3.8.5 Romania
   9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Boat Rental Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Boat Type
   9.4.4.1 Yachts
   9.4.4.2 Sailing Boat
   9.4.4.3 Catamaran
   9.4.4.4 Motorboat
   9.4.4.5 and Others
  9.4.5 Historic and Forecasted Market Size By Power Source
   9.4.5.1 IC Engine
   9.4.5.2 Electric
  9.4.6 Historic and Forecasted Market Size By Length
   9.4.6.1 Up To 28 Feet
   9.4.6.2 28-45 Feet
   9.4.6.3 More Than 45 Feet
  9.4.7 Historic and Forecasted Market Size By Activity Type
   9.4.7.1 Fishing
   9.4.7.2 Sailing
   9.4.7.3 and Others
  9.4.8 Historic and Forecast Market Size by Country
   9.4.8.1 Germany
   9.4.8.2 UK
   9.4.8.3 France
   9.4.8.4 Netherlands
   9.4.8.5 Italy
   9.4.8.6 Russia
   9.4.8.7 Spain
   9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Boat Rental Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Boat Type
   9.5.4.1 Yachts
   9.5.4.2 Sailing Boat
   9.5.4.3 Catamaran
   9.5.4.4 Motorboat
   9.5.4.5 and Others
  9.5.5 Historic and Forecasted Market Size By Power Source
   9.5.5.1 IC Engine
   9.5.5.2 Electric
  9.5.6 Historic and Forecasted Market Size By Length
   9.5.6.1 Up To 28 Feet
   9.5.6.2 28-45 Feet
   9.5.6.3 More Than 45 Feet
  9.5.7 Historic and Forecasted Market Size By Activity Type
   9.5.7.1 Fishing
   9.5.7.2 Sailing
   9.5.7.3 and Others
  9.5.8 Historic and Forecast Market Size by Country
   9.5.8.1 China
   9.5.8.2 India
   9.5.8.3 Japan
   9.5.8.4 South Korea
   9.5.8.5 Malaysia
   9.5.8.6 Thailand
   9.5.8.7 Vietnam
   9.5.8.8 The Philippines
   9.5.8.9 Australia
   9.5.8.10 New Zealand
   9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Boat Rental Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Boat Type
   9.6.4.1 Yachts
   9.6.4.2 Sailing Boat
   9.6.4.3 Catamaran
   9.6.4.4 Motorboat
   9.6.4.5 and Others
  9.6.5 Historic and Forecasted Market Size By Power Source
   9.6.5.1 IC Engine
   9.6.5.2 Electric
  9.6.6 Historic and Forecasted Market Size By Length
   9.6.6.1 Up To 28 Feet
   9.6.6.2 28-45 Feet
   9.6.6.3 More Than 45 Feet
  9.6.7 Historic and Forecasted Market Size By Activity Type
   9.6.7.1 Fishing
   9.6.7.2 Sailing
   9.6.7.3 and Others
  9.6.8 Historic and Forecast Market Size by Country
   9.6.8.1 Turkey
   9.6.8.2 Bahrain
   9.6.8.3 Kuwait
   9.6.8.4 Saudi Arabia
   9.6.8.5 Qatar
   9.6.8.6 UAE
   9.6.8.7 Israel
   9.6.8.8 South Africa
 9.7. South America Boat Rental Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Boat Type
   9.7.4.1 Yachts
   9.7.4.2 Sailing Boat
   9.7.4.3 Catamaran
   9.7.4.4 Motorboat
   9.7.4.5 and Others
  9.7.5 Historic and Forecasted Market Size By Power Source
   9.7.5.1 IC Engine
   9.7.5.2 Electric
  9.7.6 Historic and Forecasted Market Size By Length
   9.7.6.1 Up To 28 Feet
   9.7.6.2 28-45 Feet
   9.7.6.3 More Than 45 Feet
  9.7.7 Historic and Forecasted Market Size By Activity Type
   9.7.7.1 Fishing
   9.7.7.2 Sailing
   9.7.7.3 and Others
  9.7.8 Historic and Forecast Market Size by Country
   9.7.8.1 Brazil
   9.7.8.2 Argentina
   9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research