Who are the key players in Boat Rental Market?

GetMyBoat, Nautal, Sailo Inc., Boatsetter and Zizooboats Gmbh are the major companies operating in the Boat Rental Market. Read More

Which is the fastest growing region in Boat Rental Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Boat Rental Market?

In 2024, the Europe accounts for the largest market share in Boat Rental Market. Read More

What years does this Boat Rental Market cover, and what was the market size in 2023?

In 2023, the Boat Rental Market size was estimated at USD 15.15 billion. The report covers the Boat Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Boat Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Boat Rental Market Size

Market Size of Boat Rental Industry

Study Period	2019 - 2029
Market Size (2024)	USD 16.01 Billion
Market Size (2029)	USD 20.78 Billion
CAGR (2024 - 2029)	5.35 %
Fastest Growing Market	Asia Pacific
Largest Market	Europe
Major Players *Disclaimer: Major Players sorted in no particular order

Boat Rental Market Analysis

The Boat Rental Market size is estimated at USD 16.01 billion in 2024, and is expected to reach USD 20.78 billion by 2029, growing at a CAGR of 5.35% during the forecast period (2024-2029).

The boat rental market is driven by factors such as increasing disposable incomes, growing demand for water-based activities, and advancements in boat technology. However, the increased preference for recreational activities by individuals is expected to revive the market significantly during the forecast period.

The booming tourism industry, increasing interest in recreational activities, and marine tourism are expected to fuel the demand for boat rentals during the forecast period. Water adventure sports are performed in water bodies such as lakes, canals, seas, streams, oceans, and coastal locations. Water sports enthusiasts go to specific regions to participate in soft and hard water-based experiences and activities such as fishing, fast tenders, sea kayaks, paddleboards, sailing, and jet skis. These factors are expected to drive market growth during the forecast period.

Boat rental provides an easy and convenient way to own a boat without actually owning it. Boat rental companies offer boats according to consumers' requirements, with or without a captain, fueled or to be fueled according to need, and with additional facilities like ski and tubbing.

Boat Rental Industry Segmentation

Boat rental refers to the temporary use of watercraft for a specific period, typically ranging from a few hours to several weeks, for various purposes such as leisure, fishing, water sports, and transportation. Boat rental services can be found in various locations worldwide, including coastal areas, inland waterways, and lakes.

The boat rental market is segmented by boat type (yacht, sailing boat, catamaran, motorboat, and other boat types), power source (IC engine and electric), activity type (fishing, sailing, and other activity types), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts in terms of value (USD) for all the above segments.

By Boat Type
		Yacht
		Sailing boat
		Catamaran
		Motorboat
		Other Boat Types

By Power Source
		IC Engine
		Electric

By Activity Type
		Fishing
		Sailing
		Other Activity Types

By Geography

North America
	United States
	Canada
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Denmark
	Netherlands
	Greece
	Rest of Europe

Asia-Pacific
	India
	China
	Japan
	Singapore
	Indonesia
	South Korea
	Rest of Asia-Pacific

Rest of the World
	South America
	Middle East and Africa

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Boat Rental Market Size Summary

The boat rental service market is poised for significant growth, driven by increasing disposable incomes and a rising interest in water-based recreational activities. The sector benefits from advancements in boat technology and the growing popularity of marine tourism, which fuels demand for various water sports and adventure activities. Boat rental services offer a convenient alternative to boat ownership, catering to diverse consumer needs with options for captained or uncrewed rentals, and additional amenities. The market is characterized by a mix of established companies and emerging startups, with key players expanding their presence through strategic acquisitions and service expansions. The travel industry's growth, particularly in regions like Europe and Asia-Pacific, further propels the market, as high-net-worth individuals seek unique experiences and luxury services.

In the Asia-Pacific region, the boat rental market is experiencing robust growth due to urbanization, rising disposable incomes, and a burgeoning population in countries like China and India. The increasing appeal of water-based recreational activities presents lucrative opportunities for market expansion. Government initiatives promoting marine tourism are expected to bolster market growth further. The market is moderately fragmented, with several active players and new entrants enhancing competition. Notable companies such as GetMyBoat, Sailo Inc., Nautal, and Boatsetter are expanding their operations globally, tapping into new markets and increasing their boat offerings. Recent funding rounds and strategic partnerships highlight the industry's capital-intensive nature and the ongoing efforts to meet the growing demand for boat rentals.

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Boat Rental Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Growing Tourism Industry is Expected to Boost the Boat Rental Service Market
2. 1.2 Market Restraints
  1. 1.2.1 Environmental Regulations and Governmental Policies May Hinder the Market Growth
3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Boat Type
  1. 2.1.1 Yacht
  2. 2.1.2 Sailing boat
  3. 2.1.3 Catamaran
  4. 2.1.4 Motorboat
  5. 2.1.5 Other Boat Types
2. 2.2 By Power Source
  1. 2.2.1 IC Engine
  2. 2.2.2 Electric
3. 2.3 By Activity Type
  1. 2.3.1 Fishing
  2. 2.3.2 Sailing
  3. 2.3.3 Other Activity Types
4. 2.4 By Geography
  1. 2.4.1 North America
    1. 2.4.1.1 United States
    2. 2.4.1.2 Canada
    3. 2.4.1.3 Rest of North America
  2. 2.4.2 Europe
    1. 2.4.2.1 Germany
    2. 2.4.2.2 United Kingdom
    3. 2.4.2.3 France
    4. 2.4.2.4 Italy
    5. 2.4.2.5 Spain
    6. 2.4.2.6 Denmark
    7. 2.4.2.7 Netherlands
    8. 2.4.2.8 Greece
    9. 2.4.2.9 Rest of Europe
  3. 2.4.3 Asia-Pacific
    1. 2.4.3.1 India
    2. 2.4.3.2 China
    3. 2.4.3.3 Japan
    4. 2.4.3.4 Singapore
    5. 2.4.3.5 Indonesia
    6. 2.4.3.6 South Korea
    7. 2.4.3.7 Rest of Asia-Pacific
  4. 2.4.4 Rest of the World
    1. 2.4.4.1 South America
    2. 2.4.4.2 Middle East and Africa