Boat Rental Market Size, Share And Growth Analysis 2025-2034 - Increased Consumer Demand For High-End Experiences
Dublin, Aug. 29, 2025 (GLOBE NEWSWIRE) -- The "Boat Rental Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)" has been added to ResearchAndMarkets.com's offering.
The global boat rental market achieved a value of USD 20.10 billion in 2024, with expectations to grow at a CAGR of 5.30% from 2025 to 2034, reaching approximately USD 33.69 billion by 2034.
North America and Europe to be Significant Regional Markets for Boat Rental
Boating and water activities are favored recreational pursuits in North America and Europe, making these regions significant players in the boat rental industry. North America currently leads the global market, closely followed by Europe, with countries like Germany, Italy, and France being key suppliers of boats. The United States plays a major role in manufacturing various boats, which are prevalent in North America for both shipping and sports activities. The increasing adoption of boat rental platforms in North America, alongside government initiatives boosting tourism, is poised to drive market growth. The rise in public spending on water sports and leisure travel further contributes to regional market expansion.
Luxury Boat Segment to Hold a Significant Market Share
In terms of boat class, the market is categorized into luxury, sports, and entry-level, among others. The luxury segment is poised for significant growth due to its high demand for speed, comfort, safety, and privacy. Companies are enhancing luxury boat services by incorporating features like internet facilities, bars, and restaurants, which is expected to propel segment growth.
Growing Tourism Industry Augmenting Market Growth
The flourishing tourism sector, burgeoning interest in recreational and marine activities, is expected to escalate the demand for boat rentals. Boat rental offers a convenient solution for enjoying boating experiences without ownership hassles. The proliferation of high-speed internet and social media fosters better connectivity between boat owners and users, boosting the industry further. Urbanization, lifestyle shifts, and rising disposable incomes are additional drivers, with luxury boats enhancing travel experiences. The ease of online booking via company websites and applications also fuels market growth.
Key Players in the Global Boat Rental Market:
- GetMyBoat, Inc. Boatjump S.L. Nautal Smart Sailing S.L. Yachtico GmbH Zizooboats GmbH Sailo Inc. Boatsetter, Inc. Le Boat (Crown Travel Limited) Others
This comprehensive report provides an in-depth assessment using Porter's five forces model and includes a SWOT analysis.
Market Segmentation:
- By Propulsion: Sail Boats, Electric Boats, Fuel-powered Boats, Others Based on Boat Length: Up to 28 Feet, 28 to 45 Feet, More than 45 Feet Business Models: Charter, Tour, Day Cruise, Lux Charter, Lux Day Cruise, Event/B2B, Peer to Peer (P2P), Business to Consumer (B2C), Others By Boat Class: Entry, Sports, Luxury, Others By Region: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa
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