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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:
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.
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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
Key Boat Rentals Market Trend
Key Boat Rentals Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Boat Rentals Market Scope |
|
Report Coverage |
Details |
Page number |
119 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.71% |
Market growth 2022-2026 |
$ 270.04 million |
Market structure |
Fragmented |
YoY growth (%) |
14.23 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, UK, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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 |
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 |
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. |
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