Market Research Report
Boat Rental - Global Market Outlook (2019 -2027)
|Published by||Stratistics Market Research Consulting||Product code||969489|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Boat Rental - Global Market Outlook (2019 -2027)|
|Published: October 1, 2020||Content info: 150+ Pages||
According to Stratistics MRC, the Global Boat Rental Market is accounted for $19.36 billion in 2019 and is expected to reach $30.86 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Growing investments to encourage nautical tourism across several countries is the major factor propelling the growth of the market. However, high taxation on boat rental services across various regions is hampering the growth of the market.
Boat rental presents an easy and convenient way to own a boat without really owning it. In the current market scenario, where everything can be rented, from bicycle to home, car to workplace sharing, renting a boat is a much-needed service, as most of the boats are parked in the harbour for more than half of their service life.
Based on the boat class, the luxury segment is anticipated to hold considerable market share during the forecast period due to the increase in the spending capacity of people and surge in the first choice for arranging family events and vacations on luxury yachts. The growing popularity of boating vacations on exotic destinations is likely to be a key factor that drives the market. By geography, Europe is anticipated to grow at a significant rate during the forecast period due to the high preference for nautical tourism in this region. The enormous scenic coastline and developed infrastructure have played a vital role in pouring the boat rental market.
Some of the key players profiled in the Boat Rental Market include BLUE BAY MARINE, Blue Boat Yacht Entertainment Company, Boatjump, S.L., Boatsetter, GETMYBOAT INC., GLOBE SAILOR, Incrediblue, Le Boat, Nautal, Odyssey Boats, Sailo Inc., THE MOORINGS, West Coast Marine, Yachtico Inc., and Zizooboats GmbH.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.