Boat Rental - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Boat Rental Market is accounted for $19.36 billion in 2019 and is expected to reach $30.86 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Growing investments to encourage nautical tourism across several countries is the major factor propelling the growth of the market. However, high taxation on boat rental services across various regions is hampering the growth of the market.
Boat rental presents an easy and convenient way to own a boat without really owning it. In the current market scenario, where everything can be rented, from bicycle to home, car to workplace sharing, renting a boat is a much-needed service, as most of the boats are parked in the harbor for more than half of their service life.
Based on the boat class, the luxury segment is anticipated to hold considerable market share during the forecast period due to the increase in the spending capacity of people and surge in the first choice for arranging family events and vacations on luxury yachts. The growing popularity of boating vacations on exotic destinations is likely to be a key factor that drives the market. By geography, Europe is anticipated to grow at a significant rate during the forecast period due to the high preference for nautical tourism in this region. The enormous scenic coastline and developed infrastructure have played a vital role in pouring the boat rental market.
Some of the key players profiled in the Boat Rental Market include BLUE BAY MARINE, Blue Boat Yacht Entertainment Company, Boatjump, S.L., Boatsetter, GETMYBOAT INC., GLOBE SAILOR, Incrediblue, Le Boat, Nautal, Odyssey Boats, Sailo Inc., THE MOORINGS, West Coast Marine, Yachtico Inc., and Zizooboats GmbH.
Power Sources Covered:
• IC Engine
Boat Types Covered:
• Sailing Boat
• Fuel-powered Boats
Business Models Covered:
• Business to Consumer (B2C)
• Day Cruise
• Event/ B2B
• Luxury Charter
• Luxury Day Cruise
• Peer to Peer (P2P)
Product Types Covered:
• Cruise Ship
Activity Types Covered:
Boat Classes Covered:
• Up to 28 Feet
• 28 to 45 Feet
• More Than 45 Feet
• Business Group
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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