Global Boat Rental Market is expected to foresee steady growth. North America holds the largest share!

Global Boat Rental Market is expected to grow at a CAGR of around 4.8% during the forecast period 2021-2027. The boat rental sector is rising in tandem with the tourist and travel industry. A variety of boats in various types, styles, and sizes are available for rent, depending on the needs of the customer. Previously, these boats might be rented for weeks or months. On-demand boat rental services on an hourly and daily basis, on the other hand, are becoming increasingly popular. The majority of the time, these rental boats are used for both leisure and business purposes. They are also utilized for cruising, racing, and other adventure sports activities all over the world.

The entry of internet rental service providers ushered in a new era for traditional boat rental enterprises. Previously, renting a boat was beyond of reach for the average renter. Renters, on the other hand, are benefiting from cost-effective services, while boat and fleet owners are gaining a larger reservation volume and a new source of revenue.

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The Boat Rental Market has been significantly harmed by COVID-19. The drop in employment and income, which expanded dramatically as a result of lockdowns and operations shutting down, had a significant negative impact on tourism, and Boat Rental took a significant hit during the lockdown period. The Boat Rental Market is further harmed by an increase in costs during peak season and higher taxes on renting boats. The global lockdown impacted the travel and tourism industry very severely and the rental boating market also faced the heat of the same as demand of such serviced was drastically reduced as people did come out of their houses and international travel halted.

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For a better understanding of the market adoption of Boat Rental, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America dominated the market in 2020 and is expected to grow at a higher rate during the forecasted period. The United States is the world’s leading manufacturer of various boats, which are widely used in North America for shipping and sports activities. Over the projected period, the market is likely to be driven by the increased usage of boat rental platforms such as Boat setter in North America. The government’s desire to expand the region’s tourism industry is a driving force behind market expansion.

Global Boat Rental Market Segmentation

Market Insight, by Business Model

• Charter
• Day Cruise
• Luxury Charter
• Luxury Day Charter
• Tour
• B2B
• Peer to Peer
• Business to Consumer

Market Insight, by Size

• Up to 20 Feet
• 21 to 35 Feet
• 36 to 50 Feet

Market Insight, by Boat Class

• Luxury
• Sports
• Entry
• Others

Market Insight, by Propulsion

• Fuel Powered
• Electric Boat
• Sailed
• Others

Market Insight, by Region

• North America Boat Rental Market
  • United States
  • Canada
  • Rest of North America
• Europe Boat Rental Market
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific Boat Rental Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Boat Rental Market

Top Company Profiles

• GetMyBoat, Inc.
• Nautal
• Le Boat
• Boatsetter
• Click&Boat
• Beneteau Group
• Boatjump
• Sailo Inc.
• The Moorings
• Zizooboats GmbH