Boat Rentals Market by Propulsion and Geography - Forecast and Analysis 2022-2026
| Published: May 2022 | Pages: 119 | SKU: IRTNTR73453 |
The predicted growth for the boat rentals market share from 2021 to 2026 is 270.04 million at a progressing CAGR of 14.71%.
This boat rentals market forecast report extensively covers segmentations by:
- Propulsion - Fuel-powered, electric boats, and others
- Geography - North America, Europe, APAC, South America, and Middle East and Africa
This boat rentals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The boat rentals market report also offers information on several market vendors, including BLUE BAY MARINE, Blue Boat Yacht Entertainment Co., Boating Inc., Boatjump SL, Brunswick Corp., CLICKANDBOAT SAS, GETMYBOAT INC., GlobeSailor SAS, Groupe Beneteau, NAVIGARE YACHTING AB, Odyssey Boats, Sailo Inc., SamBoat, Travelopia Group, West Coast Marine Yacht Services Pvt. Ltd., Yachtico GmbH, and Zizooboats GmbH among others.
What will the Boat Rentals Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Boat Rentals Market Size for the Forecast Period and Other Important Statistics
Boat Rentals Market: Key Drivers, Trends, and Challenges
The increasing customer engagement in marinas and recreational boating activities is notably driving the boat rentals market growth, although factors such as the high risk of maritime accidents may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the boat rentals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Boat Rentals Market Driver
- The increasing customer engagement in marinas and recreational boating activities is one of the key drivers supporting the boat rentals market growth.
- The US and Europe are the largest markets for recreational boating, with the recreational boating industry in the US, which is expected to surpass $28 billion by 2024, witnessing growth continuously over the last decade.
- A large part of the growth stems from marina and charter services operating in the US.
- Since owning and maintaining a leisure boat is very expensive, people in the US with mid-level and low-level annual incomes are shifting from the concept of boat ownership to boat rentals offered by company-operated leisure/recreational boating services.
- Thus, the cost-saving factor will drive the boat rentals market growth during the forecast period.
Key Boat Rentals Market Trend
- Development in the boating industry is one of the key boat rentals market trends contributing to the market growth.
- The boating industry is a dynamic and competitive sector and a significant contributor to the economy in various regions such as North America and Europe.
- Due to an increase in the demand for boating, vendors are significantly adopting various strategies to gain market share.
- For instance, in May 2021, Boatsetter launched Boatsetter Fishing, a platform that provides users with fishing experiences in Miami and other top recreational boating destinations in the US. The platform aims to provide fishing experiences for all budgets. Such developments in the boating industry will propel the boat rentals market growth during the forecast period.
Key Boat Rentals Market Challenge
- The high risk of maritime accidents is one of the challenges impeding the boat rentals market growth.
- Operator inattention, operator inexperience, not paying heed to potential threats, excess speed, and machinery failure rank among the top five primary factors responsible for accidents involving boat rentals.
- Most tourists who participate in water sports for recreation do not have sufficient knowledge or training. The lack of the knowledge and skills required for water sports and boating may lead to drowning or other serious accidents.
- Fatalities during boating activities are increasing significantly. Therefore, such activities will lead to an increasing number of boat accidents and result in a decline in boat registrations, which might hinder the growth of the global boat rentals market during the forecast period.
This boat rentals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global boat rentals market as a part of the global diversified support services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the boat rentals market during the forecast period.
Who are the Major Boat Rentals Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- BLUE BAY MARINE
- Blue Boat Yacht Entertainment Co.
- Boating Inc.
- Boatjump SL
- Brunswick Corp.
- CLICKANDBOAT SAS
- GETMYBOAT INC.
- GlobeSailor SAS
- Groupe Beneteau
- NAVIGARE YACHTING AB
- Odyssey Boats
- Sailo Inc.
- SamBoat
- Travelopia Group
- West Coast Marine Yacht Services Pvt. Ltd.
- Yachtico GmbH
- Zizooboats GmbH
This statistical study of the boat rentals market encompasses successful business strategies deployed by the key vendors. The boat rentals market is fragmented and the vendors are deploying growth strategies such as quality, features, functionalities, and services to compete in the market.
Product Insights and News
- Boating Inc. - The company offers boat rentals such as the new 2022 Sun Tracker pontoon 22FT, 33 Sea Ray Sundancer luxury sport yacht and Scout Dorado.
- Boatjump SL - The company offers boat rentals such as Lagoon 380, Lagoon 421, and Jeanneau Sun Odyssey 51.
- Odyssey Boats - The company offers boat rentals such as Compass 150 CC, Viper 6.5 meter and Nireus 7meter.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The boat rentals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Boat Rentals Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the boat rentals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Boat Rentals Market?
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41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for boat rentals market in North America. Market growth in this region will be faster than the growth of the market in other regions.
Rising customer spending on leisure activities and nautical tourism will facilitate the boat rentals market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic had a negative impact on the regional market growth. However, the introduction of COVID-19 vaccines led to a decline in the number of COVID-19 cases and the lifting of lockdown restrictions. This has resulted in the resumption of boating activities in the region. Such factors are expected to positively impact the boat rentals market in North America during the forecast period.
What are the Revenue-generating Propulsion Segments in the Boat Rentals Market?
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The boat rentals market share growth by the fuel-powered segment will be significant during the forecast period. A fuel-powered boat is referred to as a motorboat or speedboat powered by an engine. Globally, most vacation and corporate travel agencies offer recreational boating activities and chartered yacht services in their tour packages to attract domestic and overseas tourists. Recreational boating activities allow travelers to socialize with friends and family. Therefore, the increasing adoption of recreational boating activities in adventure tourism will propel the growth of the global boat rentals market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the boat rentals market size and actionable market insights on post COVID-19 impact on each segment.
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Boat Rentals Market Scope |
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Report Coverage |
Details |
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Page number |
119 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.71% |
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Market growth 2022-2026 |
$ 270.04 million |
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Market structure |
Fragmented |
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YoY growth (%) |
14.23 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Canada, UK, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BLUE BAY MARINE, Blue Boat Yacht Entertainment Co., Boating Inc., Boatjump SL, Brunswick Corp., CLICKANDBOAT SAS, GETMYBOAT INC., GlobeSailor SAS, Groupe Beneteau, NAVIGARE YACHTING AB, Odyssey Boats, Sailo Inc., SamBoat, Travelopia Group, West Coast Marine Yacht Services Pvt. Ltd., Yachtico GmbH, and Zizooboats GmbH |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Boat Rentals Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive boat rentals market growth during the next five years
- Precise estimation of the boat rentals market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the boat rentals industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of boat rentals market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Propulsion
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Propulsion
- 5.1 Market segments
- Exhibit 24: Chart on Propulsion - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Propulsion - Market share 2021-2026 (%)
- 5.2 Comparison by Propulsion
- Exhibit 26: Chart on Comparison by Propulsion
- Exhibit 27: Data Table on Comparison by Propulsion
- 5.3 Fuel powered - Market size and forecast 2021-2026
- Exhibit 28: Chart on Fuel powered - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Fuel powered - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Fuel powered - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Fuel powered - Year-over-year growth 2021-2026 (%)
- 5.4 Electric boats - Market size and forecast 2021-2026
- Exhibit 32: Chart on Electric boats - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Electric boats - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Electric boats - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Electric boats - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Propulsion
- Exhibit 40: Market opportunity by Propulsion ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Italy - Market size and forecast 2021-2026
- Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Boating Inc.
- Exhibit 93: Boating Inc. - Overview
- Exhibit 94: Boating Inc. - Product / Service
- Exhibit 95: Boating Inc. - Key offerings
- 10.4 Boatjump SL
- Exhibit 96: Boatjump SL - Overview
- Exhibit 97: Boatjump SL - Product / Service
- Exhibit 98: Boatjump SL - Key offerings
- 10.5 CLICKANDBOAT SAS
- Exhibit 99: CLICKANDBOAT SAS - Overview
- Exhibit 100: CLICKANDBOAT SAS - Product / Service
- Exhibit 101: CLICKANDBOAT SAS - Key offerings
- 10.6 GETMYBOAT INC.
- Exhibit 102: GETMYBOAT INC. - Overview
- Exhibit 103: GETMYBOAT INC. - Product / Service
- Exhibit 104: GETMYBOAT INC. - Key offerings
- 10.7 GlobeSailor SAS
- Exhibit 105: GlobeSailor SAS - Overview
- Exhibit 106: GlobeSailor SAS - Product / Service
- Exhibit 107: GlobeSailor SAS - Key offerings
- 10.8 Odyssey Boats
- Exhibit 108: Odyssey Boats - Overview
- Exhibit 109: Odyssey Boats - Product / Service
- Exhibit 110: Odyssey Boats - Key offerings
- 10.9 Sailo Inc.
- Exhibit 111: Sailo Inc. - Overview
- Exhibit 112: Sailo Inc. - Product / Service
- Exhibit 113: Sailo Inc. - Key offerings
- 10.10 Travelopia Group
- Exhibit 114: Travelopia Group - Overview
- Exhibit 115: Travelopia Group - Product / Service
- Exhibit 116: Travelopia Group - Key offerings
- 10.11 West Coast Marine Yacht Services Pvt. Ltd.
- Exhibit 117: West Coast Marine Yacht Services Pvt. Ltd. - Overview
- Exhibit 118: West Coast Marine Yacht Services Pvt. Ltd. - Product / Service
- Exhibit 119: West Coast Marine Yacht Services Pvt. Ltd. - Key offerings
- 10.12 Zizooboats GmbH
- Exhibit 120: Zizooboats GmbH - Overview
- Exhibit 121: Zizooboats GmbH - Product / Service
- Exhibit 122: Zizooboats GmbH - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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boat rentals market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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