Boat Rentals - Global Strategic Business Report

The global market for Boat Rentals was valued at US$23.2 Billion in 2024 and is projected to reach US$31.6 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Boat Rentals Market - Key Trends and Drivers Summarized

Why Is the Boat Rental Market Sailing Toward Growth?

Boat rentals have become increasingly popular as more people seek recreational and leisure experiences on the water without the long-term commitment of boat ownership. The boat rental market offers a wide range of options, from motorboats and sailboats to luxury yachts and personal watercraft, catering to different budgets and preferences. The rise in adventure tourism and the growing interest in marine leisure activities have driven the market forward. Companies in the boat rental industry have adopted digital platforms to streamline the booking process, making it easier than ever for consumers to rent boats for vacations, fishing trips, or special events. This market has also benefited from the trend of experiential travel, where people prefer to spend on memorable experiences rather than tangible goods. As a result, boat rentals have become a sought-after service in popular tourist destinations worldwide.

How Is the Boat Rental Market Segmented?

Boat types include motorboats, sailboats, yachts, pontoons, and personal watercraft like jet skis. Motorboats and pontoons are particularly popular for family outings and casual cruises, while yachts are favored for luxury experiences and corporate events. Rental types include short-term and long-term rentals, with short-term rentals dominating the market due to their convenience and flexibility. End-users range from individual tourists and groups to corporate clients and event planners. The tourism and hospitality industry heavily influences this market, with coastal regions and waterfront cities being key hubs for boat rental services. Geographically, North America and Europe are leading markets, driven by a strong culture of recreational boating and well-developed water tourism infrastructure. Meanwhile, Asia-Pacific is emerging as a promising market, fueled by increasing tourism and a growing middle-class population.

What Trends Are Shaping the Future of Boat Rentals?

Several trends are reshaping the boat rental market, making it more accessible and appealing to a broader audience. The adoption of online booking platforms and mobile apps has revolutionized the industry, offering consumers a seamless and user-friendly rental experience. Peer-to-peer boat rental platforms have also gained traction, similar to ride-sharing and home-sharing services, allowing boat owners to rent out their vessels directly to users. The demand for eco-friendly and electric boats is on the rise, as consumers become more environmentally conscious and marine regulations tighten. The incorporation of smart technology, such as GPS navigation and onboard entertainment systems, has enhanced the boating experience, making it safer and more enjoyable. Additionally, boat rental companies are increasingly offering personalized experiences, such as guided tours, water sports packages, and luxury amenities, to cater to diverse consumer needs. The trend toward “workation” travel, where people combine work and leisure, has also boosted the popularity of boat rentals as an escape from routine work environments.

What Factors Are Driving the Growth in the Boat Rental Market?

The growth in the boat rental market is driven by several factors, including the increasing popularity of marine tourism, advancements in digital rental platforms, and the rising trend of experiential travel. One of the key drivers is the growing demand for recreational and adventure activities, as people seek unique experiences on the water. The widespread use of online booking systems has made boat rentals more convenient, attracting a tech-savvy and experience-oriented consumer base. The rise of peer-to-peer rental platforms has also expanded market access, allowing more people to enjoy boating without the financial burden of ownership. The push for eco-friendly tourism has led to the adoption of electric and sustainable boats, appealing to environmentally conscious travelers. The increase in disposable income and the recovery of the global travel and tourism industry post-pandemic have further fueled demand. Lastly, partnerships between boat rental companies and travel agencies have expanded service offerings, making boat rentals a mainstream option for tourists and event planners.

Report Scope

The report analyzes the Boat Rentals market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Boat Size (Below 30 ft Size, 30 - 79 ft Size, Above 79 ft Size); Boat Class (Luxury Boats, Sport Boats, Entry Boats); Activity (Sailing & Leisure Activity, Fishing Activity, Other Activities); Propulsion Type (Fuel Powered Propulsion, Electric Motor Propulsion, Other Propulsion Types).

Geographic Regions/Countries

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Below 30 ft Size Boat Rentals segment, which is expected to reach US$19.7 Billion by 2030 with a CAGR of a 5.5%. The 30 - 79 ft Size Boat Rentals segment is also set to grow at 3.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $6.1 Billion in 2024, and China, forecasted to grow at an impressive 5% CAGR to reach $5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Anchor Yacht Rentals, Boat Rentals of America, Boatjump SL, Boatsetter, Borrow A Boat and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Boat Rentals Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Boat Rentals Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Boat Rentals Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 48 major companies featured in this Boat Rentals market report include:

• Anchor Yacht Rentals
• Boat Rentals of America
• Boatjump SL
• Boatsetter
• Borrow A Boat
• Castaic Lake
• Click&Boat
• Disney’s Boat Rentals
• GetMyBoat
• Hopper Boat Rentals