Boat rental is a service that enables customers to rent a boat from a private owner for leisure or recreational purposes. Boat rentals are referred to smaller boats or personal boats, which are available for rent from an hour to a day. The renter does not usually stay on the boat overnight. Moreover, it provides boats as per the requirements of the customers and offers personalized experience to customers. Furthermore, boat rental can provide additional facilities such as skiing and tubbing.
A sail boat is a relatively small boat that uses wind power to propel it forward. It uses a large cloth or an extent of fabric called sails for this purpose. The most common type of sailboat on the market is the small competition variant that is used in sailing competitions around the world. Several international events intended to raise awareness about sailing allow a wide range of craft types to participate, including catamarans and cruisers. It can be classified into three distinct types based on its primary hull design such as monohulls, catamarans, and multi-hull crafts.
The growth of the global boat rental market is propelling, due to growth in marine tourism industry across the globe, development of online platforms for availing boat rental services, and shift toward alternative sources of energy & rise in disposable income coupled with purchasing power. However, high cost associated with renting a boat and environmental concerns associated with boating are the factors that hamper the growth of the market. Furthermore, technological advancement in boats and boat engines is the factor expected to offer growth opportunities during the forecast period.
The boat rental market is segmented on the basis of boat type, boat size, power, activity, and region. By boat type, it is segregated into inboard boats, outboard boats, sail boats, and others. By boat size, it is classified into less than 30 ft, 30 to 79 ft, and greater than 79 ft. By power, it is fragmented into engine powered, man powered, and sail propelled. By activity, it is categorized into sailing & leisure, fishing, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
A sail boat is a relatively small boat that uses wind power to propel it forward. It uses a large cloth or an extent of fabric called sails for this purpose. The most common type of sailboat on the market is the small competition variant that is used in sailing competitions around the world. Several international events intended to raise awareness about sailing allow a wide range of craft types to participate, including catamarans and cruisers. It can be classified into three distinct types based on its primary hull design such as monohulls, catamarans, and multi-hull crafts.
The growth of the global boat rental market is propelling, due to growth in marine tourism industry across the globe, development of online platforms for availing boat rental services, and shift toward alternative sources of energy & rise in disposable income coupled with purchasing power. However, high cost associated with renting a boat and environmental concerns associated with boating are the factors that hamper the growth of the market. Furthermore, technological advancement in boats and boat engines is the factor expected to offer growth opportunities during the forecast period.
The boat rental market is segmented on the basis of boat type, boat size, power, activity, and region. By boat type, it is segregated into inboard boats, outboard boats, sail boats, and others. By boat size, it is classified into less than 30 ft, 30 to 79 ft, and greater than 79 ft. By power, it is fragmented into engine powered, man powered, and sail propelled. By activity, it is categorized into sailing & leisure, fishing, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the boat rental market analysis from 2021 to 2031 to identify the prevailing boat rental market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the boat rental market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global boat rental market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Boat Type
- Inboard Boats
- Outboard Boats
- Sail Boats
- Others
By Boat Size
- Less than 30 ft
- between 30 and 79 ft
- Greater than 79 ft
By Power
- Engine Powered
- Man Powered
- Sail Propelled
By Activity
- Sailing and leisure
- Fishing
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- India
- Rest Of Asia-Pacific
- South Korea
- China
- Japan
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- GETMYBOAT Inc.
- Groupe Beneteau
- Boatsetter, Inc.
- Globesailor
- Click & Boat
- Zizooboats GmbH
- Nautal
- Sailo
- Incrediblue
- Boatjump
- Blue Boat Yacht Entertainment Company
- Brunswick Group
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: BOAT RENTAL MARKET, BY BOAT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Inboard Boats
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Outboard Boats
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Sail Boats
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: BOAT RENTAL MARKET, BY BOAT SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Less than 30 ft
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 between 30 and 79 ft
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Greater than 79 ft
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: BOAT RENTAL MARKET, BY POWER
6.1 Overview
6.1.1 Market size and forecast
6.2 Engine Powered
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Man Powered
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Sail Propelled
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: BOAT RENTAL MARKET, BY ACTIVITY
7.1 Overview
7.1.1 Market size and forecast
7.2 Sailing and leisure
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Fishing
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Others
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
CHAPTER 8: BOAT RENTAL MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Boat Type
8.2.3 North America Market size and forecast, by Boat Size
8.2.4 North America Market size and forecast, by Power
8.2.5 North America Market size and forecast, by Activity
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Boat Type
8.2.6.1.2 Market size and forecast, by Boat Size
8.2.6.1.3 Market size and forecast, by Power
8.2.6.1.4 Market size and forecast, by Activity
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Boat Type
8.2.6.2.2 Market size and forecast, by Boat Size
8.2.6.2.3 Market size and forecast, by Power
8.2.6.2.4 Market size and forecast, by Activity
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Boat Type
8.2.6.3.2 Market size and forecast, by Boat Size
8.2.6.3.3 Market size and forecast, by Power
8.2.6.3.4 Market size and forecast, by Activity
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Boat Type
8.3.3 Europe Market size and forecast, by Boat Size
8.3.4 Europe Market size and forecast, by Power
8.3.5 Europe Market size and forecast, by Activity
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Boat Type
8.3.6.1.2 Market size and forecast, by Boat Size
8.3.6.1.3 Market size and forecast, by Power
8.3.6.1.4 Market size and forecast, by Activity
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Boat Type
8.3.6.2.2 Market size and forecast, by Boat Size
8.3.6.2.3 Market size and forecast, by Power
8.3.6.2.4 Market size and forecast, by Activity
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Boat Type
8.3.6.3.2 Market size and forecast, by Boat Size
8.3.6.3.3 Market size and forecast, by Power
8.3.6.3.4 Market size and forecast, by Activity
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Boat Type
8.3.6.4.2 Market size and forecast, by Boat Size
8.3.6.4.3 Market size and forecast, by Power
8.3.6.4.4 Market size and forecast, by Activity
8.3.6.5 Rest of Europe
8.3.6.5.1 Market size and forecast, by Boat Type
8.3.6.5.2 Market size and forecast, by Boat Size
8.3.6.5.3 Market size and forecast, by Power
8.3.6.5.4 Market size and forecast, by Activity
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Boat Type
8.4.3 Asia-Pacific Market size and forecast, by Boat Size
8.4.4 Asia-Pacific Market size and forecast, by Power
8.4.5 Asia-Pacific Market size and forecast, by Activity
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 South Korea
8.4.6.1.1 Market size and forecast, by Boat Type
8.4.6.1.2 Market size and forecast, by Boat Size
8.4.6.1.3 Market size and forecast, by Power
8.4.6.1.4 Market size and forecast, by Activity
8.4.6.2 China
8.4.6.2.1 Market size and forecast, by Boat Type
8.4.6.2.2 Market size and forecast, by Boat Size
8.4.6.2.3 Market size and forecast, by Power
8.4.6.2.4 Market size and forecast, by Activity
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Boat Type
8.4.6.3.2 Market size and forecast, by Boat Size
8.4.6.3.3 Market size and forecast, by Power
8.4.6.3.4 Market size and forecast, by Activity
8.4.6.4 India
8.4.6.4.1 Market size and forecast, by Boat Type
8.4.6.4.2 Market size and forecast, by Boat Size
8.4.6.4.3 Market size and forecast, by Power
8.4.6.4.4 Market size and forecast, by Activity
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Market size and forecast, by Boat Type
8.4.6.5.2 Market size and forecast, by Boat Size
8.4.6.5.3 Market size and forecast, by Power
8.4.6.5.4 Market size and forecast, by Activity
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Boat Type
8.5.3 LAMEA Market size and forecast, by Boat Size
8.5.4 LAMEA Market size and forecast, by Power
8.5.5 LAMEA Market size and forecast, by Activity
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Boat Type
8.5.6.1.2 Market size and forecast, by Boat Size
8.5.6.1.3 Market size and forecast, by Power
8.5.6.1.4 Market size and forecast, by Activity
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Boat Type
8.5.6.2.2 Market size and forecast, by Boat Size
8.5.6.2.3 Market size and forecast, by Power
8.5.6.2.4 Market size and forecast, by Activity
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Boat Type
8.5.6.3.2 Market size and forecast, by Boat Size
8.5.6.3.3 Market size and forecast, by Power
8.5.6.3.4 Market size and forecast, by Activity
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Players
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 GETMYBOAT Inc.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Groupe Beneteau
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Boatsetter, Inc.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Globesailor
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Click & Boat
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Zizooboats GmbH
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Nautal
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Sailo
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Incrediblue
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Boatjump
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Blue Boat Yacht Entertainment Company
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Brunswick Group
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Boat Rental Market,' the boat rental market was valued at $18.2 billion in 2021, and is estimated to reach $31.2 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.Europe is expected to dominate the global boat rental market. Manufacturers in the European region are now venturing into sustainable development and have increased their efforts to produce environment friendly yachts. For instance, Catamaran has made luxury yacht out of 75% recycled material. In addition, the Vaan R4 is made of circular materials that can be recycled at the end of the boat’s useful life. The boat also includes natural materials, including the cork, linen, silk alternative lyocell, a plant-based leather substitute, and certified wood. Such efforts not only provide premium luxury but also impart no negative impact on the environment.
The increasing awareness for health & fitness has been rapidly surging, thereby encouraging people to take part in sports and recreational activities, such as kayaking, which is one of the major factors propelling the man powered segment. In addition, sport enthusiasts are showing interest toward recreational water sports, including canoeing and rafting, resulting in increased demand for man powered rental boat services. Moreover, manufacturers are focusing on technological advancements to innovate man powered watercrafts, which is also expected to fuel the boat rental industry growth in near future.
The growth of the global boat rental market is propelling, due to growth in marine tourism industry across the globe, development of online platforms for availing boat rental services, and shift toward alternative sources of energy & rise in disposable income coupled with purchasing power. However, high cost associated with renting a boat and environmental concerns associated with boating are the factors that hamper the growth of the market. Furthermore, technological advancement in boats and boat engines is the factor expected to offer growth opportunities during the forecast period.
COVID-19 Impact Analysis
There has been significant impact on supply chains globally. Boats and engine manufacturing companies have faced huge losses during the first & second quarter of 2020 due to disrupted supply chains and production schedules. The rapid spread of COVID-19 in the U.S., Europe, and Asian economies resulted in nationwide lockdown and a temporary halt of production facilities to prevent further spread.The North American boat rental market witnessed a slight dip in the first quarter of 2020, owing to the pandemic's sudden outbreak. However, the market started gaining traction soon during the second quarter of 2020, and powered boats started witnessing a spike in demand for recreational and boat rental purposes. According to the National Marine Manufacturers Association, in May 2021, new boat sales rebounded sharply, up by 59%, compared to April 2020, and up 9% from pre-pandemic levels on a seasonally adjusted basis.
In May 2020, total sales increased across all the segments. The outboard boats segment accounted for 60% of new boat sales. In addition, personal watercraft sales in June 2020 were up by 41% year-over-year growth. In the UK, watersports, such as stand-up paddle boarding, kayaking, open water swimming, and recreational sailing, witnessed sharp increase since restrictions were lifted.
KEY FINDINGS OF THE STUDY
By boat type, the others segment is anticipated to exhibit significant growth in the near future.By boat size, the greater than 79 ft segment is anticipated to exhibit significant growth in the near future.
By power, the engine powered segment is anticipated to exhibit significant growth in the near future.
By activity, the fishing segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Key players operating in the global boat rental market include BoatJump USA Inc., Boatsetter, Blue Boat Company, Brunswick Corporation, Click&Boat, GetMyBoat, Globe Sailor, Groupe Beneteau, Hobie Cat Company, Nautal, Sailo, and Zizooboats GmbH.
Companies Mentioned
- Getmyboat Inc.
- Groupe Beneteau
- Boatsetter, Inc.
- Globesailor
- Click & Boat
- Zizooboats GmbH
- Nautal
- Sailo
- Incrediblue
- Boatjump
- Blue Boat Yacht Entertainment Company
- Brunswick Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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