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Global Boat Rental Market to Reach USD 29.67 Billion by 2030, Growing at a CAGR of 6.12%

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kalpesh rajput
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Global Boat Rental Market Expected to Reach USD 29.67 Billion by 2030: A Detailed Analysis

Summary: The global boat rental market was valued at USD 19.57 billion in 2023 and is forecasted to reach USD 29.67 billion by 2030, demonstrating a robust growth rate of 6.12% during the forecast period (2024-2030). This comprehensive report offers valuable insights into the market trends, growth opportunities, and challenges facing key players in the boat rental industry.

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A) Market Size

The boat rental market has experienced significant growth in recent years, with a valuation of USD 19.57 billion in 2023. The industry is expected to continue its expansion, reaching an estimated USD 29.67 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.12%. This growth is attributed to increasing demand for leisure and recreational boating activities, along with advancements in eco-friendly boat propulsion technologies.

B) Scope and Research Methodology

This report provides a comprehensive analysis of the global boat rental market, focusing on market trends, competitive landscapes, and key factors driving market growth. The research methodology combines primary and secondary research to provide accurate and reliable data. In-depth interviews with industry experts, along with analysis of industry reports and public domain data, formed the basis of the study. This approach ensures a comprehensive understanding of the market’s dynamics and future projections.

C) Report Coverage

This market research report covers essential topics, including:

  • Market Dynamics: Drivers, restraints, and opportunities within the boat rental market.

  • Competitive Landscape: Analysis of major market players, their strategies, and product offerings.

  • Market Segmentation: Detailed segmentation based on propulsion types, boat sizes, boat classes, and activities.

  • Geographical Insights: Analysis of key regions such as North America, Europe, Asia Pacific, and others.

D) Overview

The boat rental market is poised for substantial growth in the coming years, fueled by the increasing popularity of boating as a recreational activity and the rise of digital platforms that facilitate boat rentals. A growing interest in adventure tourism and fishing activities, alongside a shift towards eco-friendly and electric boats, is expected to drive market demand. Regional markets such as Europe, North America, and Asia Pacific are expected to play key roles in this expansion.

E) Dynamics

The boat rental industry benefits from several key drivers:

  • Rising Consumer Demand: Increased interest in leisure boating and fishing activities.

  • Digital Platforms: The growth of online platforms like GetMyBoat, Click&Boat, and others has made boat rentals more accessible to a wider audience.

  • Eco-Friendly Solutions: The shift toward electric boats is expected to become a significant growth factor as environmental concerns grow. However, there are challenges such as regulatory hurdles and the high cost of luxury boat rentals.

F) Segmentation

The global boat rental market is segmented as follows:

  1. By Propulsion Type:

    • Fuel Powered

    • Sail Boats

    • Electric Boats

  2. By Boat Size:

    • Up to 20 Feet

    • 21 to 35 Feet

    • Above 36 to 50 Feet

  3. By Boat Class:

    • Luxury

    • Sports

    • Entry-level

  4. By Activity:

    • Sailing and Leisure

    • Fishing

    • Others

G) Key Players Include:

  1. GetMyBoat, Inc.

  2. Click&Boat

  3. Sailo, SamBoat

  4. GlobeSailor

  5. Yachtico Inc.

  6. Boatjump SL

  7. BoatBureau

  8. Ocean Serenity

  9. Boatsetter

  10. Groupe Beneteau

  11. Zizoo

  12. BorrowABoat

  13. Samboat

  14. Incrediblue

  15. Boatbay

  16. West Coast Marine

  17. Odyssey Boats

  18. Le Boat

  19. THE MOORINGS

  20. Nautal

H) Reason to Buy

Businesses, investors, and stakeholders looking to enter the boat rental market can benefit from this comprehensive report. The insights into market size, competitive landscape, and regional analysis will help in strategic decision-making and identifying key growth opportunities. This report equips businesses with the knowledge needed to stay ahead of the competition, adapt to industry changes, and capitalize on emerging trends in the market.

I) Table of Contents:

  1. Introduction

  2. Market Dynamics

  3. Segmentation

  4. Competitive Landscape

  5. Geographic Analysis

  6. Company Profiles

  7. Market Trends and Insights

  8. Opportunities and Challenges

  9. Conclusion

If you have any questions regarding this report, please reach out to us through the link provided below: maximizemarketresearch.com/market-report/bo..

About Us:

Maximize Market Research is a fast-growing market research and business consulting firm, providing insightful and actionable reports to global clients across various industries. Our focus on providing high-quality research to drive business growth has earned us the trust of leading companies worldwide. For more information, visit Maximize Market Research.

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