Pune, India, March 11, 2022 (GLOBE NEWSWIRE) — The world boat rental market size was USD 97.97 Million in 2020. The market is expected to grow from USD 100.91 Million in 2021 to USD 280.02 Million by 2028 at a CAGR of 15.70% during the period 2021-2028. This relevant information is presented by Fortune Business Insights™, in its report titled “Boat Rental Market, 2021-2028”.
According to our analysts, equipment manufacturers are creating high-performance boats to meet the growing demand for nautical activities. Additionally, boat rental companies offer proper bookings using mobile apps as well as online platforms. Therefore, the market is expected to gain momentum in the upcoming period.
September 2021: Gloucester has got its first electric and solar-powered boat. The entire fleet is electric and is managed by Jack Merrett in Gloucester. These boats are available for hire seven days a week, with prices starting at just US$40.78 (£30) for a half-hour expedition.
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Report scope and segmentation
|Forecast period||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR||26.2%|
|2028 value projection||$390.33 billion|
|Market size in 2020||$61.15 billion|
|Historical data for||2017 to 2019|
|Number of pages||160|
|Segments Covered||Gasoline, Sailboat, Electric boat|
|Growth engines||Boat rental management software is a competitive aspect between competitors. Rent Rabbit is an online boat rental management application, which tracks performance by reviewing bookings as listings and helps customize the way the rental is booked.|
|Accurate insights and statistics on reservations and reservations obtained through data science and machine learning help companies improve their business network.|
|North America holds the third position in the market thanks to various approved cruise destinations with different coastline.|
The type of propulsion, the size of the boat, the class of the boat and the region are studied
On the basis of propulsion type, the market is divided into gasoline boat, sailboat and electric boat. The fuel segment holds the largest share globally and is expected to retain it throughout the forecast period.
By boat size, the market is divided into up to 20 feet, 21 to 35 feet, and above 36 to 50 feet.
In terms of boat class, the market is further categorized into luxury, sport and entry.
Geographically, the global market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
To learn more about the short-term and long-term impact of COVID-19 on this market, Please visit: https://www.fortunebusinessinsights.com/boat-rental-market-105068
The report presents insightful information obtained through rigorous review by our researchers. Additionally, extensive research has been initiated to offer the predicted market size. The data applied to project the shares of several segments at national, national and global levels are obtained from detailed meetings with several stakeholders. Additionally, we have access to various international and regional paid records to offer accurate information to make effortless trading investment decisions.
Drivers and Restrictions
Boat rental management software to facilitate operations and fuel boat rental market growth
Boat rental management software is a competitive aspect between competitors. Rent Rabbit is an online boat rental management application, which tracks performance by reviewing bookings as listings and helps customize the way the rental is booked. These companies offer customers user-friendly mobile apps, which help business owners administer the operation on the go. Instant booking features are popular in mobile apps. Accurate insights and statistics on reservations and reservations obtained through data science and machine learning help companies improve their business network.
Impact of COVID-19
Rise in consumer-to-owner rentals with COVID-19 Relaxation stay-at-home orders to drive growth
As the COVID-19 lockdown restrictions are partially lifted, many people are renting boats to take a break and following social distancing guidelines. Moderations of lockdown guidelines by governments have funded market revenue growth. People think of direct consumer-to-owner rental because many rental outlets are resurrecting their business.
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Europe stood at $36.39 million in 2020. The region is expected to dominate the global market due to various tourist destinations. This region held the largest boat rental market share in 2020.
The Asia-Pacific region is estimated to show the highest CAGR during the mentioned period. A considerable aspect stimulating the growth of this region is the increase in the population of China and India, which accounts for more than 38% of the world’s population.
North America holds the third position in the market thanks to various approved cruise destinations with different coastline.
Breakthrough Product Launch by Vital Players to Enhance Market Growth
Major players are adopting many tactics to strengthen their position in the market as dominant companies. One such key tactic is getting companies to encourage brand value to users. Another crucial strategy is to intermittently launch pioneering products with careful scrutiny of the market and its target audience.
List of Key Players Covered in the Report
- GetMyBoat (San Francisco, USA)
- Beneteau Group (Croix-de-Vie, France)
- Boatsetter (Florida, USA)
- Globesailor (Paris, France)
- Click&Boat (Paris, France)
- Zizoo (Berlin, Germany)
- Nautal (Barcelona, Spain)
- Sailo (Greater New York, USA)
- Incrediblue (London, UK)
- Boatjump (Valencia, Spain)
Quick Buy – Yacht Charter Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/105068
Main table of contents:
1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1 Key Industry Developments – Mergers, Acquisitions and Partnerships
4.2 Distribution Analysis
4.3 Porter’s Five Forces Analysis
4.4 PEST analysis
4.5 Vendor landscape
4.6 Impact of COVID-19
5. Global Boat Leasing Market Analysis, Outlook and Forecast, 2017-2028
5.1. Main results/summary
5.2. Market Analysis, Outlook and Forecast – By Propulsion Type
5.2.1 Fuel supply
5.2.3 Electric boat
5.3. Market Analysis, Outlook and Forecast – By Boat Class
5.4. Market Analysis, Outlook and Forecast – By Boat Size
5.4.1 Up to 20 feet
5.4.2 21 to 35 feet
5.4.3 36 to 50 feet
5.5. Market Analysis, Outlook and Forecast – By Region
5.5.1 North America
5.5.4 Rest of the world
6. North America Yacht Charter Market Analysis, Outlook and Forecast, 2017-2028
6.1. Main results/summary
6.2. Market Analysis – By Propulsion Type
6.2.1 Powered by fuel
6.2.3 Electric boat
6.3. Market analysis – By boat class
7. Europe Yacht Charter Market Analysis, Outlook and Forecast, 2016- 2027
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