Boat Rental Market is predicted to reach USD 26.9 Billion at a CAGR of 6.10% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Boat Rental Market”

Market Research Future (MRFR) has published a cooked research report on the “Global Boat rental Market” that contains information from 2018 to 2032. The boat rental market is estimated to register a CAGR of 6.10% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global boat rental market— GetMyBoat (San Francisco, U.S.), Groupe Beneteau (Croix-de-Vie, France), Boatsetter (Florida, U.S.), Globesailor (Paris, France), Click&Boat (Paris, France), Zizoo (Berlin, Germany), Nautal (Barcelona, Spain), Sailo (Greater New York, U.S.), Incrediblue (London, U.K.), Boatjump (Valencia, Spain).

Market Highlights

The global boat rental market is accounted to register a CAGR of 6.10% during the forecast period and is estimated to reach USD 26.9 Billion by 2032.

Globally, the boat rental industry is expanding as more people look for accessible and reasonably priced solutions for recreational boating. Market expansion is fueled by elements like expanding interest in boating activities, water-based tourism, and the sharing economy. There are opportunities for peer-to-peer and commercial platforms for boat rental services.

Segment Analysis

The global boat rental market has been segmented based propulsion type, boat size, and boat class.

On the basis of propulsion type, the market is segmented into fuel powered, sail boat, electric boats. Fuel powered category is anticipated to dominate the market. The surge in the personal and recreational use of gasoline-powered boats in a number of countries is to blame for this market expansion.

Based on Boat Size, the global boat rental market has been segmented into 20 to 35 feet, over 35 feet, and between 36 and 50 feet. The category 20 to 35 feet brought in the highest money. Due to the growing trend of propulsion for ships using renewable energy, the market for boats 20 to 35 feet in length is expected to rise as these boats use less energy to move.

Based on boat class, the global boat rental market has been segmented into sports, entry, and luxury. The most money was made in the luxury category. The market for rental boats is being driven by an increase in interest in luxury sailing, particularly among wealthy people worldwide.

Access full report @ https://www.marketresearchfuture.com/reports/boat-rental-market-11959

Regional Analysis

The global boat rental market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe boat rental market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The boat rental market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World boat rental market comprises of Middle East, Africa, and Latin America.

The North America Boat Rental Market dominated this market in 2022 (45.80%). The United States is at the top of the list in this region for having the most central boat rental locations. The growth of public spending on leisure travel and water sports is another factor contributing to the region's market boom.

Moreover, the second-largest market for boat rentals in Europe is in Croatia, Spain, and Italy, which together make for a sizeable portion of their revenue. During the projection period, the market will continue to rise in this region due to factors such as the rising popularity of fishing and water activities and the presence of high net worth individuals.

Additionally, from 2023 to 2032, the Asia-Pacific Boat Rental Market is anticipated to experience the quickest CAGR growth. One of the main factors influencing the expansion of this region is the expanding populations of China and India, which together account for more than 38% of the global population.

Furthermore, the need for unique leisure experiences is driving expansion in the Latin American boat rental market as the tourist sector in the region develops. The industry is expanding due to elements such advantageous coastal locations, beautiful water bodies, and a rise in interest in water-based activities. Boat rental businesses that serve both domestic and foreign tourists in Latin America are possible.

Key Findings of the Study

• The global boat rental market is expected to reach USD 26.9 Billion by 2032, at a CAGR of 6.10% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the rising population in China and India, which together make up more than 38% of the world's population, is a crucial element driving the growth of this area.


• Based on boat class, the luxury segment was attributed to holding the largest market in 2022.


• GetMyBoat (San Francisco, U.S.), Groupe Beneteau (Croix-de-Vie, France), Boatsetter (Florida, U.S.), Globesailor (Paris, France), Click&Boat (Paris, France), Zizoo (Berlin, Germany), Nautal (Barcelona, Spain), Sailo (Greater New York, U.S.), Incrediblue (London, U.K.), Boatjump (Valencia, Spain).