Boat Rental Market : Inboard Boats, Outboard Boats, Sail Boats Industry Forecast, 2021-2031 AMR

According to a new report published by Allied Market Research, titled, “Boat Rental Market,” The boat rental market was valued at $18.2 billion in 2021, and is estimated to reach $31.2 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

Europe is expected to dominate the global boat rental market. Manufacturers in the European region are now venturing into sustainable development and have increased their efforts to produce environment friendly yachts. For instance, Catamaran has made luxury yacht out of 75% recycled material. In addition, the Vaan R4 is made of circular materials that can be recycled at the end of the boat’s useful life. The boat also includes natural materials, including the cork, linen, silk alternative lyocell, a plant-based leather substitute, and certified wood. Such efforts not only provide premium luxury but also impart no negative impact on the environment.

Download Report Sample PDF :

The growth of the global boat rental market is propelling, due to growth in marine tourism industry across the globe, development of online platforms for availing boat rental services, and shift toward alternative sources of energy & rise in disposable income coupled with purchasing power. However, high cost associated with renting a boat and environmental concerns associated with boating are the factors that hamper the growth of the market. Furthermore, technological advancement in boats and boat engines is the factor expected to offer growth opportunities during the forecast period.

COVID-19 Impact Analysis

There has been significant impact on supply chains globally. Boats and engine manufacturing companies have faced huge losses during the first & second quarter of 2020 due to disrupted supply chains and production schedules. The rapid spread of COVID-19 in the U.S., Europe, and Asian economies resulted in nationwide lockdown and a temporary halt of production facilities to prevent further spread.

The North American boat rental market witnessed a slight dip in the first quarter of 2020, owing to the pandemic’s sudden outbreak. However, the market started gaining traction soon during the second quarter of 2020, and powered boats started witnessing a spike in demand for recreational and boat rental purposes. According to the National Marine Manufacturers Association, in May 2021, new boat sales rebounded sharply, up by 59%, compared to April 2020, and up 9% from pre-pandemic levels on a seasonally adjusted basis.

Purchase Enquiry :


  • By boat type, the others segment is anticipated to exhibit significant growth in the near future.
  • By boat size, the greater than 79 ft segment is anticipated to exhibit significant growth in the near future.
  • By power, the engine powered segment is anticipated to exhibit significant growth in the near future.
  • By activity, the fishing segment is anticipated to exhibit significant growth in the near future.
  • By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Request Customization :

Key players operating in the global boat rental market include BoatJump USA Inc., Boatsetter, Blue Boat Company, Brunswick Corporation, Click&Boat, GetMyBoat, Globe Sailor, Groupe Beneteau, Hobie Cat Company, Nautal, Sailo, and Zizooboats GmbH.

Read More Reports :

Automotive Sun Visor Market :

Automotive Valves Market :

Automotive Voice Recognition System Market :

About Us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact :

David Correa
Allied Analytics LLP
+1 -503-894-6022
email us here
Visit us on social media:

Leave a comment

Your email address will not be published. Required fields are marked *