Marinas Market Report 2025

The marinas market size has grown strongly in recent years. It will grow from $18.28 billion in 2024 to $19.47 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to recreational boating trends, waterfront property development, tourism and travel, economic growth in coastal regions, nautical events and competitions.

The marinas market size is expected to see strong growth in the next few years. It will grow to $24.38 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, boating lifestyle and experiences, coastal and marine tourism, regulatory and environmental compliance, waterfront property investments. Major trends in the forecast period include safety and security measures, environmental compliance, upgradation of infrastructure, destination marinas, community and events focus.

The anticipated growth of the marinas market is driven by the expanding boating industry. The boating industry encompasses a diverse range of watercraft designed for travel, work, or leisure on water, particularly in rivers, lakes, and coastal areas. Marinas, offering comprehensive services such as maintenance, parts replacement, cleaning, fueling, and a secure environment for boats and yachts, are integral to this industry. Notably, in January 2023, the National Marine Manufacturers Association (NMMA) reported a surge in new powerboat unit sales in the USA, reaching an estimated 250,000 units in 2022. The robust demand is expected to continue in 2023, with new retail unit sales projected to remain consistent with 2022 levels. Thus, the upward trajectory of the boating industry is propelling the growth of the marinas market.

The marina market is also expected to experience growth due to the increasing urbanization trend. Urbanization involves population migration from rural to urban areas, leading to urban expansion and economic development. This shift promotes a higher standard of living and stimulates demand for recreational activities such as boating and yachting, favoring the expansion of the marina market. According to the World Bank's 2022 report, over 50% of the global population resides in urban areas, and this figure is projected to reach 6 billion by 2045. The report anticipates a 1.5-fold increase in urban land consumption by 2030. Hence, the growing urbanization trend is a driving force behind the marina market's growth.

Major companies in the marina market are focusing on developing advanced marina apps to enhance their business operations. A marina app is a mobile application designed to offer services and information related to marinas and boating. For example, in July 2023, D-Marin, a Turkey-based marina management company, launched The D-Marin app. This premium marina app serves as a central hub for users, providing tailored services such as real-time booking and renewal of marina berths, remote check-in, and secure payment options. The app incorporates the Smart Pedestal solution, allowing users to monitor their energy and water usage directly through the platform. Additionally, it connects to D-Marin’s autonomous boat sensors, providing continuous monitoring of vessel conditions, including tide levels, heat, battery status, and location. By catering to both annual and transient customers, the app enhances user convenience and security, enriching the overall yachting experience.

Leading companies in the marina market are opting for a strategic partnership approach to drive expansion in the marina business. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. An illustration of this approach is evident in the partnership formed in September 2023 between Azimut Benetti, an Italy-based yacht manufacturing company, and D-Marin, a Turkey-based marina management company. This collaboration aims to enhance D-Marin’s presence and influence in the Mediterranean, specifically focusing on expanding its marina business and advancing nautical tourism. Through this strategic alliance, D-Marin strengthens its portfolio of 20 marinas by acquiring a substantial stake in Marina di Valletta in Malta and Porto Mediceo in Livorno, adding three new marinas with 1,800 berths and solidifying its position in the Mediterranean region.

In August 2022, MarineMax Inc., a US-based boat dealers company, completed the acquisition of IGY Marinas for a deal valued at $480 million. This acquisition represents a noteworthy transformation for MarineMax, allowing IGY Marinas to retain its distinct branding. The strategic decision enhances MarineMax's ability to deliver unparalleled customer experiences to yacht owners globally. The incorporation of IGY Marinas positions MarineMax as a leading force in the superyacht industry, uniquely equipped to provide an integrated experience. IGY Marinas, a US-based marina owner and operator company, plays a key role in this strategic development.

Major companies operating in the marinas market include Fassmer GmbH & Co. KG, FB Design Srl, LOMOcean Marine Ltd., Sunbird International Yacht Ltd., W Marine Inc., Bellingham Marine, Marinetek India Pvt. Ltd., Meeco Sullivan The Marina Company, SF Marina Systems AB, Ingemar Srl, Poralu Marine Inc., Walcon Marine Ltd., Cubisystem, EZ-Dock Inc., Martini Alfredo S.p.A., IGY Marinas, Suntex Marinas, Westrec Marinas Management Inc., Oasis Marinas LLC, F Marina, Coastal Marina Management LLC, Trident Marina Group LLC, Brewer Yacht Yard Group Inc., Camper & Nicholsons Marinas, Island Global Yachting LLC, Marina Management Services Pvt. Ltd., Marinas International Inc., MarineMax Inc., Morningstar Marinas LLC.

North America was the largest region in the marinas market in 2024. The regions covered in the marinas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marinas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A marina is a water-based infrastructure typically located in harbors, docks, or basins, offering convenient access to larger bodies of water for the mooring of yachts and other small boats. Marinas provide a comprehensive array of services and facilities, including docking, mooring, sales, service, storage, and winterizing.

The primary categories of marinas include private, public, and commercial. Private marinas are accessible exclusively to adjacent and/or neighboring property owners for their private use. The port types associated with marinas include seaports and inland ports, serving various purposes such as pleasure marinas, fishing marinas, commercial marinas, and military marina applications.

The marinas market research report is one of a series of new reports that provides marinas market statistics, including marinas industry global market size, regional shares, competitors with marinas market share, detailed marinas market segments, market trends, and opportunities, and any further data you may need to thrive in the marinas industry. This marinas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The marina market includes revenues earned by entities by providing concrete floating docks, wood floating docks, metal floating docks, and plastic floating docks. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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