PUBLISHER: The Business Research Company | PRODUCT CODE: 1733585
PUBLISHER: The Business Research Company | PRODUCT CODE: 1733585
Pleasure marinas are specialized docking facilities designed to accommodate recreational boats and yachts, providing mooring spaces and various amenities for boat owners, crew and visitors. These marinas serve as essential hubs for leisure boating, offering a range of services such as refueling, maintenance, repair, storage and access to waterfront lifestyle facilities.
The pleasure marinas market consists of sales of pleasure marinas and related services by entities (organizations, sole traders and partnerships) that is used predominantly by private yacht owners, charter operators, sailing enthusiasts and tourists, pleasure marinas cater to individuals seeking maritime recreation, sport and luxury experiences.
The global pleasure marinas market was valued at $9,084.24 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Increased Disposable Income
Increased disposable incomes fueled the growth of the pleasure marinas market during the historic period. Rise in disposable incomes allow individuals and families to invest in leisure activities like boating and water sports. With increased financial resources, consumers pursue recreational experiences for relaxation and enjoyment. This trend has heightened demand for marina services, prompting operators to enhance facilities and amenities, resulting in significant market growth as pleasure boating becomes a popular lifestyle choice. For example, in July 2023, according to the Department of Statistics Malaysia (DOSM), median household income in urban areas increased by 3.3% from 6,561 ringgit ($1,489.27) in 2019 to 7,243 ringgit ($1,644.08) in 2022. In rural areas, median household income rose by 2.2%, from 3,828 ringgit ($868.91) to 4,094 ringgit ($929.29). Additionally, mean household income in urban areas grew by 2.9% from 8,635 ringgit ($1,960.05) in 2019 to 9,428 ringgit ($2,140.05) in 2022. Additionally, according to the Bank of Korea, a South Korea-based central bank, disposable personal income in South Korea increased to 2191418.90 KRW billion ($1696.84) billion in 2022 from 2099125.20 KRW billion ($1625.38) billion in 2021. Therefore, increased disposable incomes drove the growth of the pleasure marinas market.
Investment In Marina Upgrades To Expand Superyacht Services
Major companies operating in the pleasure marinas market are focused on expanding superyacht services in a high-profile Mediterranean port. The Mediterranean remains one of the world's premier yachting destinations, with iconic ports like Monaco, Barcelona and Porto Cervo serving as key hubs for superyachts. To capitalize on this demand, marina operators are investing in state-of-the-art docking facilities, extended berthing capacities and premium services such as concierge assistance, refueling stations and maintenance support. For instance, in February 2025, BWA Yachting, a Spain-based global provider of marine services specializing in yacht agency, logistics and support for superyachts, officially opened a new office at IGY Malaga Marina, effective immediately. This expansion is part of BWA Yachting's strategy to enhance its presence in key yachting destinations and provide comprehensive services to superyacht owners and clients in the region. The new office at IGY Malaga Marina will enable BWA Yachting to offer a range of services tailored to the luxury yacht sector, including yacht agency services, berth booking and concierge services. This move aligns with the company's commitment to delivering high-quality support to its clients throughout their maritime journeys.
The global pleasure marinas market is highly fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 1.17% of the total market in 2023.
Pleasure Marinas Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global pleasure marinas market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for pleasure marinas? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The pleasure marinas market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider pleasure marinas market; and compares it with other markets.