Global Boat Rental Market Size By Type, By Business Model, By Activity Type, By Class, By Power Source, By Geographic Scope And Forecast
Report Highlights
Boat Rental Market Insights
Boat Rental Market was valued at USD 17.8 Billion in 2020 and is projected to reach USD 25.8 Billion by 2028, growing at a CAGR of 4.71% from 2021 to 2028.
The Boat Rental Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Boat Rental Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Boat Rental Market Overview
The primary driver of the growth of the Boat Rental Market is the ease of communication and accessibility to boat owners. Several travel agencies coming up with innovative luxury packages to provide a novel sea transportation experience, is increasing the attractiveness of the industry. The Boat Rental Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Boat Rental Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Boat Rental Market: Segmentation Analysis
The Global Boat Rental Market is segmented based on Type, Business Model, Activity Type, Class, Power Source, And Geography.
Boat Rental Market, By Type
- Yacht
- Sailing Boat
- Catamaran
- Motorboat
- Other Boats
On the basis of Type, The Global Boat Rental Market is segmented in yachts, Sailing Boats, Catamaran, Motorboat, and Other Boats. The Motor Boat segment is expected to lead the market, in the forecast period. It is because of the rising population of the millennials taking an interest in water sports across the world.
Boat Rental Market, By Business Model
- Charter
- Day Cruise
- Luxury Charter
- Luxury Day Cruise
- Tour
- Event/B2B
- Business to Consumer
- Peer-to-Peer
The Boat Rental Market is segmented in Charter, Day Cruise, Luxury Cruise, Luxury Day Cruise, Tour, Events/B2B, Business to Consumers and others on the basis of the Business Model. The Peer-ToPeer segment is expected to register significant growth over the forecast period. This is due to the increasing access to mobile applications and peer-to-peer platforms which enables easy communication amongst various people.
Boat Rental Market, By Activity Type
- Fishing
- Sailing
- Other Activity Types
Basis Activity Type, the Boat Rental Market is segregated into Fishing and Sailing Boats. Sailboats can be expected to hold a major share of the Global Boat Rental Market Post Pandemic, because of their demand in both leisure and water sports activities.
Boat Rental Market, By Class
- Luxury
- Sports
- Others
On the basis of Class, the Global Boat Rental Market Segment is divided into Luxury, Sports and Others. The Luxury segment comes with greater privacy, comfort, safety andprovides is ideal for a vacation, whereas water sports is ideal for millennials seeking adventure.
Boat Rental Market, By Power Source
- IC Engine
- Electric
On the basis of Power Source, the boats are compared into IC Engine and Electric. Even though the boats powered by an IC Engine have worked well for decades, demand for Electric Boats are expected to be more than the IC Engine boats in the forecast period, due to it being technologically superior, more environment and noise friendly, and needing less maintenence than the IC Engine boats.
Boat Rental Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Boat Rental Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America leads the Boat Rental Market by geography, owing to a large number of water sports activities taking place in that area.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2020 |
| Forecast period considered | 2021-2028 |
| Base year market size | 17.8 $ Billion |
| Market size forecast | 25.8 $ Billion |
| Growth rate | 4.71% |
| Units considered | $ Billion |
| Segments covered | Type, Business Model, Power Source, And Geography. |
| Industry covered | Automobile & Transportation |
| Companies studied |
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Key Players In Boat Rental Market
The Global Boat Rental Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are GetMyBoat, Inc., Click&Boat, Sailo, SamBoat, GlobeSailor, Yachtico Inc., Boatjump SL, BoatBureau, Ocean Serenity, Boatsetter, and others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Boat Rental Market Report Scope
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- Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porters five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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