Setting Sail for Smooth Waters: Boat Rental Market Expected to Reach US$29.67 Billion by 2030
The boat rental market is charting a course for steady growth, with a projected value of US$29.67 billion by 2030. This translates to a compound annual growth rate (CAGR) of 6.12% from 2024, according to a new report by Maximize Market Research (MMR).
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Market Overview
Rising disposable incomes, increasing interest in water-based activities, and the growing popularity of staycations are fueling the demand for boat rentals. This trend is expected to continue in the coming years, creating a buoyant market for boat rental companies.
Market Scope
The MMR report provides a comprehensive analysis of the boat rental market landscape, examining key trends, growth drivers, and challenges. It also delves into the various segments that comprise the market, offering insights into:
- Propulsion Type: Fuel-powered, Sailboat, Electric Boat
- Boat Size: Up to 20 Feet, 21 to 35 Feet, Above 36 to 50 Feet
- Boat Class: Luxury, Sports, Entry Level
- Activity: Sailing and Leisure, Fishing, Others
Segmentation Caters to Diverse Preferences
The boat rental market offers a variety of options to cater to diverse preferences. Whether you seek a luxurious yacht experience, a thrilling sports boat adventure, or a relaxing sailboat cruise, there's a rental option to suit your needs and budget.
Key Players Steering the Market
A blend of established and emerging players are driving innovation and growth in the boat rental market. Some of the key players identified in the MMR report include:
- GetMyBoat, Inc.
- Click&Boat
- Sailo, SamBoat
- GlobeSailor
- Yachtico Inc.
- Boatjump SL
- BoatBureau
- Ocean Serenity
- Boatsetter
- Groupe Beneteau
- Zizoo
- BorrowABoat
- Incrediblue
- Boatbay
- West Coast Marine
- Odyssey Boats
- Le Boat
- THE MOORINGS
- Nautal
Addressing Challenges for Smooth Sailing
While the boat rental market presents exciting prospects, there are challenges to navigate. The MMR report explores these challenges, including concerns about environmental sustainability and ensuring boater safety. Industry leaders are actively working on solutions to address these concerns and ensure the long-term success of the boat rental market.
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