Boat Rental Market to Grow at 5.42% CAGR through 2029F
The growth of the global boat rental market is driven by the increasing popularity of water-based recreational activities, the rise in disposable income enabling more consumers to afford luxury leisure experiences, and the expansion of digital platforms that make boat rentals more accessible. These factors are expected to drive the market during the forecast period of 2025-2029.
According to TechSci Research report, “ Boat rental Market-Global Industry Size, Share, Trends, competition
Forecast & opportunities, 2029F”, the Global Boat rental
Market was valued at USD 17.48 Billion in 2023 and is expected to reach USD 23.92
Billion by 2029 with a CAGR of 5.42% during the forecast period. The global boat rental
market is expanding as demand for water-based recreational activities rises.
Tourists and locals alike seek unique experiences such as relaxing cruises and
adventure sports. Flexible rental options for various types of boats cater to
diverse consumer preferences, driving market growth. Digital platforms simplify
booking processes, allowing customers to access services more efficiently.
Increasing incomes,
particularly in emerging economies, encourage interest in luxury boating
experiences, further fueling demand. The growth of digital platforms enhances
accessibility and convenience, making boat rentals a popular choice for a wide
range of customers. These trends indicate a significant opportunity for growth
in the coming years. Challenges include
competition from alternative recreational activities and the high costs of
fleet management. However, the market is benefiting from a rising demand for
eco-friendly boats. Rental services are investing in electric-powered boats and
other sustainable options to cater to environmentally conscious customers. This
push for green alternatives, along with technological advancements, will
continue to drive market growth from 2025-2029.
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The Global Boat rental Market is segmented into boat
type, power source type,
activity type and region.
The global boat rental market is segmented by activity type into
sailing, fishing, and other categories. Sailing attracts a wide range of
customers due to its combination of relaxation and adventure. Many people seek
to charter boats for leisurely cruises along coastal waters, offering
opportunities for both personal enjoyment and group events. The activity caters
to seasoned sailors as well as novices, with various boat types suited to
different skill levels.
Fishing remains a popular activity within the boat rental market,
particularly for those seeking a tranquil escape or competitive fishing
experience. Renting fishing boats enables customers to access prime fishing
locations, often in remote areas where private ownership would not be feasible.
This segment appeals to both individuals and groups, providing flexible rental
options for short trips or extended fishing excursions.
Other activities in the boat rental market encompass a wide variety of
experiences, including water sports like wakeboarding, water skiing, and
tubing, as well as sightseeing tours. These activities are often bundled with
different types of boats, from speedboats to luxury yachts, catering to
consumers who want a more action-packed or relaxing experience on the water.
Customers may also rent boats for special events, such as corporate gatherings
or family celebrations, which adds to the diversity of rental offerings
available in the market.
These activity types collectively contribute to the demand for boat
rentals, with each segment targeting different customer needs and preferences.
The growing trend toward personalized and diverse water-based activities
continues to shape the market as it expands across various regions.
Based on region, In 2023, the Asia-Pacific region experienced significant growth in the
global boat rental market. The increase in disposable incomes and a rising
middle class across countries like China, India, and Japan has fueled demand
for recreational boating. Coastal and island tourism, combined with increasing
awareness of water-based leisure activities, has contributed to this growth.
The region's expanding tourism infrastructure, including better transport
networks and the development of more leisure facilities, has further supported
the rise in boat rentals. In addition to the growing interest in leisure boating, the market
benefits from a rise in water sports and adventure tourism. Consumers are
increasingly looking for experiences that offer unique and thrilling
activities, such as sailing, fishing, and water sports. With more consumers
seeking diverse experiences on the water, boat rentals have become a popular
choice. This trend is particularly strong in countries with large coastlines
and abundant natural water resources, which provide ideal conditions for
boating activities. As urban populations grow, many customers are turning to boat rentals as
an alternative to ownership, which involves high maintenance costs and storage
challenges. This shift in consumer behavior, combined with expanding tourism
and infrastructure, has driven growth in the Asia-Pacific boat rental market,
positioning it as one of the fastest-growing regions.
Major market players
operating in Global Boat rental Market are:
- Clickandboat
- GlobeSailor
SAS
- Boatsetter
- Getmyboat,
Inc.
- Groupe
Beneteau
- Blue
Boat Company
- Yachtico
GmbH
- SamBoat
- Sailo
Inc.
- Boat
Buddy LLC
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“The global boat rental market is expanding due to increasing consumer
interest in water-based recreational activities, advancements in digital
booking platforms, and the growing popularity of water sports like sailing and
fishing. As more consumers seek unique and convenient experiences on the water,
boat rentals have become an attractive option. The expansion of tourism
infrastructure and the development of diverse rental offerings are further
driving market growth. As the market continues to evolve with more accessible
and flexible rental options, growth is expected to continue in the coming years”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Boat rental Market-Global Industry Size, Share, Trends,
Opportunity, Segmented By Boat Type (Inboard Boats, Outboard Boats, Sail Boats,
Others), By Power Source Type (Engine Powered, Man Powered, Sail Propelled), By
Activity Type (Sailing, Fishing, Others), By Region & Competition, 2019-2029F”, The report evaluates the future growth potential of the Global Boat
rental Market, offering insights into market size, structure, and projected
growth. It aims to provide comprehensive market intelligence to support
decision-makers in making informed investment decisions. Additionally, the
report identifies and analyzes emerging trends, key drivers, challenges, and
opportunities in the Global Boat rental Market.
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