SkyQuest Technology Group has recently published a comprehensive Boat Rental Market report, offering a detailed analysis of the product landscape and industest scope while providing insights into the market outsee and future trconcludes from 2025 to 2032. Clients who utilize boat rental administrations can lease boats for their relaxation or excursions. Chartering a boat seems a feasible option in the present economy where anything can be bought without claiming it. Most boats spconclude the more significant part of their supportful life secured, so the leasing arrangement supports reapplying these inactive vessels.
Boat Rental Market size was valued at USD 21.0 billion in 2023 and is poised to grow from USD 22.36 billion in 2024 to USD 37.01 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
Contingent to the client’s requirements, boat rental firms offer either powered or unfueled boats, alongside teams or without them. A great many superb conveniences are given for boats, an accomplished group. These boats offer a total extravagance experience with the best solace and principles and are sanctioned for business and extravagance purposes. In a few regions of the planet, most conspicuously in Europe, boats are often utilized for cruising and fishing.
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Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Boat Rental Market can be segmented based on several factors, including product type, application, conclude-utilizer, and distribution channel.
Global Boat Rental Market is segmented by Boat Type, Boat Size, Power, Activity and region.
Based on Boat Type, the market is segmented into Inboard Boats, Outboard Boats, Sail Boats and Others.
Based on Boat Size, the market is segmented into Less than 30 ft, between 30 and 79 ft and Greater than 79 ft.
Based on Power, the market is segmented into Engine Powered, Man Powered and Sail Propelled.
Based on Activity, the market is segmented into Sailing and Leisure, Fishing and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Boat Rental Market – Regional Analysis:
Europe dominated the market in 2022 owing to its abundance of tourist locations. Their revenue is significantly boosted by contributions from Croatia, Spain, and Italy.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.
Asia Pacific is the quickest growing region and expected to exhibit the highest CAGR during the forecast period. The rising population in China and India, which toreceiveher build up more than 38% of the world’s population, is a crucial element driving the growth of this area. This expansion is attributable to rising urbanisation and shifting personal tastes brought on by higher disposable income. There are many prospects for boat sports due to the rising popularity of fishing, water sports, and marine tourism in Asia Pacific nations.
Top Market Players in Boat Rental Market are:
GetMyBoat (USA)
Boatsetter (USA)
Click&Boat (France)
Sailo (USA)
Zizoo (Germany)
Samboat (France)
Nautal (Spain)
Borrow A Boat (UK)
Incrediblue (Greece)
GlobeSailor (France)
Yachtico (Germany)
The Moorings (USA)
Sunsail (UK)
Dream Yacht Charter (France)
Le Boat (UK)
SamBoat (France)
ClickandBoat (France)
Boatjump (Spain)
Navigare Yachting (Sweden)
Nicol’s Yacht Holidays (France)
Boat Rental Market Recent Developments:
In March 2024, Battle Born Boat Rentals, a premier provider of high-quality pontoon boat rental services, announced its official launch in South Lake Tahoe, California.
In February 2024, Bilgin Yachts launched its first motor yacht hitting the water in Istanbul in the form of the striking 50m charter yacht ETERNAL SPARK. Designed with the discerning charter client in mind, the latest Bilgin 163 charter yacht promises an experience like no other.
In January 2024, Getmyboat, the world’s leading booking platform for yacht charters and boat rentals and Your Boat Club, the world’s largest privately-owned boat club, joined forces to expand offerings to meet customer demand in key locations.
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Forward-Looking Insights
The Boat Rental Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industest demand. With the industest addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest is an IP focutilized Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we support them in optimizing the economic potential of their innotifyectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact Details:
SkyQuest Technology Group
USA (+1) 351-333-4748
Email: [email protected]
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