Research Reports
Boat Rental Market is Projected to Reach US$ 19.7 Mn by 2027
Published by TMR Research Insights
Posted on August 26, 2021
8 min readLast updated: January 21, 2026
Global Banking & Finance Review®
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Published by TMR Research Insights
Posted on August 26, 2021
8 min readLast updated: January 21, 2026
Boat Rental Market: Introduction
According to the report, the global boat rental market is projected to surpass valuation of US$ 19.7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. The growing trend of recreational boating across the globe is likely to boost the global boat rental market. Automatic positioning systems play the role of a virtual anchor in a boat, while thermal imaging cameras offer night vision to avoid potential obstacles in the water, thereby boosting the demand and adoption of advanced boats. High taxation rates on boat rental services across various regions is an important factor hampering the boat rental market. For instance, VAT laws in the European Union (EU) are not uniform and hence, each country has its own taxation law and regulations. This hamper the boat rental market considerably. Moreover, the boat rental market in high taxable regions witnesses sluggish expansion. This is anticipated to affect the global boat rental market during the forecast period.
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Expansion of Boat Rental Market
Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the boat rental market during the forecast period. China witnessed a rise in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Based on business model, the global boat rental market has been segmented into charter, day cruise, lux charter, lux day cruise, tour, event/B2B, peer to peer (P2P), and business to consumer (B2C). The business to consumer (B2C) segment dominates the boat rental market across the globe due to the expansion of boat rental service platforms that offer easy lease of a privately-owned boat.
Based on propulsion, the fuel powered segment accounted for a significant share of the global boat rental market. Rise in popularity of fuel-powered boats across the globe is likely to boost the demand for boat rental services across the globe. The high cost of electric powered boats is likely to hamper the demand for electric boat rental services acrosis Projected to Reach US$ 1620 Mn by 2027s the globe.
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Regional Analysis of Boat Rental Market
In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the global boat rental market in 2019. It is anticipated to hold a leading share during the forecast period, due to major presence of boat rental service providers across the region. Followed by North America, Europe also held a significant share of the global boat rental market. Greece, Croatia, and France are major tourist destinations, and they contributed to the prominent share of the region in the global boat rental market. Government and regional authorities across Europe are focusing on the expansion of marinas, and development and modernization of berths to boost nautical tourism, which, in turn, is propelling the boat rental market in Europe.
Boat Rental Market Players
Prominent players operating in the global boat rental market include GETMYBOAT Inc., Brunswick Group, BRP, Beneteau Group, Blue Bay Marine, Blue Boat Yacht Entertainment Company, Boatjump, S.L., Boatsetter, Click&Boat, GLOBE SAILOR, Incrediblue, Le Boat, Nautal, Navigare Yachting, Odyssey Boats, Sailo Inc., THE MOORINGS, West Coast Marine, Yachtico Inc., and Zizooboats GmbH.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Boat Rental Market: Introduction
According to the report, the global boat rental market is projected to surpass valuation of US$ 19.7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. The growing trend of recreational boating across the globe is likely to boost the global boat rental market. Automatic positioning systems play the role of a virtual anchor in a boat, while thermal imaging cameras offer night vision to avoid potential obstacles in the water, thereby boosting the demand and adoption of advanced boats. High taxation rates on boat rental services across various regions is an important factor hampering the boat rental market. For instance, VAT laws in the European Union (EU) are not uniform and hence, each country has its own taxation law and regulations. This hamper the boat rental market considerably. Moreover, the boat rental market in high taxable regions witnesses sluggish expansion. This is anticipated to affect the global boat rental market during the forecast period.
Request A Sample –
Expansion of Boat Rental Market
Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the boat rental market during the forecast period. China witnessed a rise in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Based on business model, the global boat rental market has been segmented into charter, day cruise, lux charter, lux day cruise, tour, event/B2B, peer to peer (P2P), and business to consumer (B2C). The business to consumer (B2C) segment dominates the boat rental market across the globe due to the expansion of boat rental service platforms that offer easy lease of a privately-owned boat.
Based on propulsion, the fuel powered segment accounted for a significant share of the global boat rental market. Rise in popularity of fuel-powered boats across the globe is likely to boost the demand for boat rental services across the globe. The high cost of electric powered boats is likely to hamper the demand for electric boat rental services acrosis Projected to Reach US$ 1620 Mn by 2027s the globe.
Buy Complete Report@
Regional Analysis of Boat Rental Market
In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the global boat rental market in 2019. It is anticipated to hold a leading share during the forecast period, due to major presence of boat rental service providers across the region. Followed by North America, Europe also held a significant share of the global boat rental market. Greece, Croatia, and France are major tourist destinations, and they contributed to the prominent share of the region in the global boat rental market. Government and regional authorities across Europe are focusing on the expansion of marinas, and development and modernization of berths to boost nautical tourism, which, in turn, is propelling the boat rental market in Europe.
Boat Rental Market Players
Prominent players operating in the global boat rental market include GETMYBOAT Inc., Brunswick Group, BRP, Beneteau Group, Blue Bay Marine, Blue Boat Yacht Entertainment Company, Boatjump, S.L., Boatsetter, Click&Boat, GLOBE SAILOR, Incrediblue, Le Boat, Nautal, Navigare Yachting, Odyssey Boats, Sailo Inc., THE MOORINGS, West Coast Marine, Yachtico Inc., and Zizooboats GmbH.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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