Marinas in the US - Market Research Report

Pleasure Cruise: Operators Will Likely Generate Revenue Through the Addition of Full-Service Restaurants and Bars

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Marinas provide docking, storage, maintenance, recreational equipment rentals and food and beverage services to recreational boat owners. The 2020 pandemic positively impacted the industry, as people enjoyed higher disposable income and leisure time. These conditions resulted in more people buying boats, increasing the need for marinas. During the early stages of the pandemic, boating was an activity with low risks of exposure, pushing more people toward it when other entertainment facilities closed. Marina revenue grew at a CAGR of 0.7% to $6.5 billion over the five years to 2023, increasing 0.7% in 2023 alone. Marinas provide docking and storage for pleasure craft owners. Marinas may also sell fuel and marine supplies and provide services such as repairing or renting boats. Many operators in this industry offer sailing instruction in addition to recreational boat rental. Marinas do not handle large passenger ships or cargo from freighters.