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    India Boat Rental Market

    ID: MRFR/AM/54935-HCR
    200 Pages
    Sejal Akre
    September 2025

    India Boat Rental Market Research Report By Propulsion Type (Fuel Powered, Sail Boat, Electric Boats), By Boat Size (Up to 20 feet, 21 to 35 feet, Above 36 to 50 feet) and By Boat Class (Luxury, Sports, Entry)- Forecast to 2035

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    India Boat Rental Market Research Report - Forecast to 2035 Infographic
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    India Boat Rental Market Summary

    The India Boat Rental market is projected to experience substantial growth, reaching 3750 USD Million by 2035.

    Key Market Trends & Highlights

    India Boat Rental Key Trends and Highlights

    • The market valuation is expected to grow from 1250 USD Million in 2024 to 3750 USD Million by 2035.
    • A compound annual growth rate (CAGR) of 10.5 percent is anticipated from 2025 to 2035.
    • The increasing popularity of recreational boating is likely to contribute to market expansion.
    • Growing adoption of eco-friendly boating solutions due to rising environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 1250 (USD Million)
    2035 Market Size 3750 (USD Million)
    CAGR (2025 - 2035) 10.5%

    Major Players

    Reliance Industries Limited (IN), Tata Consultancy Services (IN), HDFC Bank Limited (IN), Infosys Limited (IN), ICICI Bank Limited (IN), Hindustan Unilever Limited (IN), State Bank of India (IN), Bharti Airtel Limited (IN), Wipro Limited (IN)

    India Boat Rental Market Trends

    The India Boat Rental Market has been witnessing dynamic growth due to several key market drivers, including the increasing interest in water-based recreational activities among urban populations and a rise in tourism activities at coastal and riverine destinations. India’s vast coastline and extensive river network provide significant opportunities for the development of boat rental services, catering to both domestic and international tourists. With the Indian government promoting initiatives like the National Waterways Act, which aims to enhance water transport, the regulatory framework is more favorable for boat rental businesses, stimulating market growth.

    Untapped and niche areas such as eco-tourism, adventure sports, and luxury yacht cruises for Kerala and Goa, known for their water activities, further add to the potential of inland waterways tourism. Changes in social habits like increased weekend getaways from the city have also increased the demand for variety and convenience in boat rental services, including houseboats and jet skis. There is a growing tendency to complete bookings and payments online, which simplifies the rental process. This encourages a younger clientele who value instant service access.

    Moreover, the growing awareness of marine conservation among boat rental companies and consumers is influencing business practices. Eco-friendly boats and sustainable practices are becoming increasingly popular, reflecting a shift towards responsible tourism in India’s boat rental market. As environmental awareness rises, companies focusing on sustainability could capture a loyal customer base seeking unique and responsible leisure experiences.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    Boat Rental Market Propulsion Type Insights

    The India Boat Rental Market, with its diverse propulsion types, showcases a dynamic and evolving landscape as the demand for recreational boating continues to rise in the country. The prevalence of Fuel Powered boats remains significant due to their versatility and efficiency, catering well to both commercial and leisure pursuits, particularly in regions like Goa and Kerala, where tourism heavily relies on water-based activities. This segment not only facilitates quick travel across waterways but also meets the growing interest among tourists seeking adventurous experiences such as fishing and sightseeing.

    In contrast, Sail Boats hold a unique appeal, capturing the essence of traditional navigation while offering an eco-friendly alternative for sailing enthusiasts. These vessels are particularly valued in locations with favorable wind conditions and are increasingly sought after for events and competitions, promoting an authentic sailing culture in India. Moreover, Electric Boats are experiencing notable growth as environmental concerns and the push for sustainable practices gain prominence. 

    With the Indian government’s initiatives aimed at promoting electric mobility, this segment is positioned to become a significant player within the market, appealing to environmentally-conscious consumers while contributing to the reduction of carbon emissions on waterways.The growing investment in electric boat infrastructure, supported by advancements in battery technology, further enhances the attractiveness of this propulsion type. 

    As the India Boat Rental Market continues to expand, the interplay between these diverse propulsion types will not only determine competitive dynamics but also shape the future of recreational boating, catering to a variety of consumer preferences while addressing the pressing need for sustainability in India’s rich maritime heritage. The integration of these key propulsion types lays a solid foundation for market growth and diversification, reflecting the vibrant boating culture emerging across the country.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Boat Rental Market Boat Size Insights

    The India Boat Rental Market has seen notable interest in the Boat Size segment, which plays a crucial role in determining consumer preferences and usage. The diverse range of boats available, such as those measuring Up to 20 feet, caters primarily to leisure activities, including fishing and small group outings. This site is particularly popular among families and smaller tourist groups. In contrast, boats ranging from 21 to 35 feet significantly contribute to group events and specialized water sports, making them a favored choice for adventure tourism, given India's rich coastal and riverine landscapes.

    Furthermore, vessels Above 36 to 50 feet serve a niche market, primarily oriented towards luxury cruises and corporate events, attracting a clientele looking for premium experiences on the water. The segmentation in boat size not only reflects varying consumer needs but also aligns with the growing trend of recreational boating in India, which is spurred by increasing disposable incomes and a rising interest in travel and outdoor activities. Each size category offers unique opportunities for rental businesses to tap into different demographics and consumer behaviors, ultimately fostering growth in the India Boat Rental Market.

    Boat Rental Market Boat Class Insights

    The India Boat Rental Market is witnessing a notable expansion, particularly within the Boat Class segment, which plays a crucial role in catering to diverse consumer preferences. Driven by a growing inclination towards leisure activities and recreational experiences, this segment offers a variety of options such as Luxury, Sports, and Entry-class boats, each appealing to distinct demographics. Luxury boats provide an opulent experience and are often favored for high-profile events and celebrations, leading to a significant market presence. 

    Sports boats, on the other hand, attract adventure enthusiasts, fostering increasing participation in water sports activities amidst scenic coastal environments.The Entry-class boats cater to budget-conscious consumers, making boating accessible to a larger segment of the population. This accessibility is essential, as India boasts an extensive coastline of approximately 7,500 kilometers, along with numerous lakes and rivers suitable for boating. According to recent government initiatives to promote tourism and bolster water transportation, the India Boat Rental Market segmentation is set to play a pivotal role in enhancing the overall recreational landscape while driving market growth.

    As consumer demand continues to evolve, opportunities for innovation and personalization in boat rental offerings are expected to prosper.

    Get more detailed insights about India Boat Rental Market Research Report - Forecast to 2035

    Key Players and Competitive Insights

    The India Boat Rental Market has been experiencing significant growth over the past few years, driven by the increasing interest of both domestic and international tourists in water-based activities and experiences. India's extensive coastline, numerous rivers, and abundant lakes provide a vast landscape for boat rental services. Competitive insights reveal that the market is characterized by a mix of organized players and numerous small local operators, each attempting to differentiate themselves through unique service offerings, competitive pricing, and quality customer experiences.

    The growth in this sector can largely be attributed to rising disposable incomes, a growing adventure tourism trend, and enhanced marketing efforts by companies aiming to tap into the burgeoning adventure sports and leisure tourism market. 

    As the competition intensifies, service innovation, strategic partnerships, and customer engagement are becoming vital for operators looking to secure a significant share of the market.Kochi Water Tours has established a notable presence in the India Boat Rental Market, especially in the state of Kerala, known for its backwaters and scenic waterways. This company has carved a niche for itself by offering a variety of boat rental options that cater to different customer preferences, from traditional houseboat experiences to speedboat rentals for more adventurous outings.

    The strengths of Kochi Water Tours lie in its commitment to customer satisfaction, a fleet of well-maintained and diverse vessels, and a deep understanding of local tourist attractions that enhance the overall experience for clients. 

    Additionally, their strategic collaborations with local hotels and tourism agencies have further solidified their market positioning, enabling them to create attractive packages that draw both domestic and international travelers.Savaari Car Rentals, primarily known for its road travel offerings, has begun to make inroads into the India Boat Rental Market by diversifying its services to include water transport solutions in strategic locations. This expansion allows Savaari Car Rentals to leverage its existing customer base and brand reputation in the travel industry, thus enhancing its market presence in the boat rental segment. 

    The company focuses on providing quality and affordable boat rentals, appealing to a wide range of customers, including local families, tourists, and corporate clients seeking unique travel experiences. Their strengths lie in their established logistics framework, online booking convenience, and customer service excellence. While Savaari Car Rentals is primarily recognized for its road travel services, its entry into the boat rental market is a strategic move that could lead to potential partnerships or alliances with local boat operators, further expanding its reach and offering complementary services in the adventure tourism ecosystem across India.

    Key Companies in the India Boat Rental Market market include

    Industry Developments

    Recent developments in the India Boat Rental Market have been significant, reflecting an increasing interest in marine tourism and leisure activities across regions like Kerala and Goa. Kochi Water Tours has expanded its offerings by introducing eco-friendly boat options in August 2023, catering to the rising demand for sustainable tourism. Savaari Car Rentals has made strides in integrating boat rental services into its existing platform, enhancing customer convenience as of September 2023. In terms of market dynamics, Goa Water Sports and Water Sports Raj are witnessing heightened engagements due to increasing tourist inflow, promoting diverse water-based activities. 

    Additionally, the growth in market valuation has been bolstered by the rising disposable incomes of domestic tourists, with Yacht Rentals India and Sailing India indicating a notable increase in demand for luxury and adventure experiences. Furthermore, major happenings in the past two years include the collaboration between Bharat Booking Holidays and Aqua Sports World in March 2022, aimed at promoting packaged boat tours, which reflects the evolving landscape of integrated travel experiences. As the industry adapts to consumer preferences, the focus on innovations continues to shape the competitive environment in the India Boat Rental Market.

    Market Segmentation

    Outlook

    • Luxury
    • Sports
    • Entry

    Boat Rental Market Boat Size Outlook

    • Up to 20 feet
    • 21 to 35 feet
    • Above 36 to 50 feet

    Boat Rental Market Boat Class Outlook

    • Luxury
    • Sports
    • Entry

    Boat Rental Market Propulsion Type Outlook

    • Fuel Powered
    • Sail Boat
    • Electric Boats

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.01(USD Billion)
    MARKET SIZE 2024 1.5(USD Billion)
    MARKET SIZE 2035 3.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.007% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Kochi Water Tours, Savaari Car Rentals, Water Sports Raj, Goa Water Sports, Yacht Rentals India, Sailing India, Bharat Booking Holidays, Nautical Ventures, MakeMyTrip, GetMyBoat, Rent A Boat, Aqua Sports World, Boat Rental India, Ferry Ticket
    SEGMENTS COVERED Propulsion Type, Boat Size, Boat Class
    KEY MARKET OPPORTUNITIES Increasing coastal tourism demand, Growth of adventure sports activities, Rise in luxury travel experiences, Urbanization and recreational boating, Expansion of eco-friendly rental options
    KEY MARKET DYNAMICS growing tourism demand, increasing disposable income, urbanization and infrastructure development, eco-friendly alternatives, regulatory challenges
    COUNTRIES COVERED India

    FAQs

    What is the expected market size of the India Boat Rental Market in 2024?

    The India Boat Rental Market is projected to be valued at 1.5 billion USD in 2024.

    What is the forecasted market size of the India Boat Rental Market by 2035?

    By 2035, the India Boat Rental Market is expected to reach a value of 3.5 billion USD.

    What is the expected compound annual growth rate (CAGR) for the India Boat Rental Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 8.007% during the period from 2025 to 2035.

    Which propulsion type holds the largest market share in the India Boat Rental Market?

    Fuel powered boats have the largest market share, valued at 0.6 billion USD in 2024.

    What is the projected value of fuel powered boats in the market by 2035?

    The value of fuel powered boats in the India Boat Rental Market is projected to increase to 1.4 billion USD by 2035.

    What market size is expected for sail boats in the India Boat Rental Market in 2024?

    Sail boats are expected to be valued at 0.4 billion USD in the India Boat Rental Market in 2024.

    What will be the market value of electric boats by 2035?

    The electric boats segment is anticipated to reach a market value of 1.3 billion USD by 2035.

    Who are some of the major players in the India Boat Rental Market?

    Major players in the market include Kochi Water Tours, Savaari Car Rentals, and Goa Water Sports.

    How does the growth rate of the boat rental market vary by propulsion type?

    The growth rate for each propulsion type will contribute to the overall CAGR of 8.007% from 2025 to 2035.

    Are there any emerging trends in the India Boat Rental Market?

    Emerging trends include increasing demand for eco-friendly electric boats and unique recreational experiences on the water.

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