PUBLISHER: The Business Research Company | PRODUCT CODE: 1833962
PUBLISHER: The Business Research Company | PRODUCT CODE: 1833962
A marina is a specialized facility designed to serve as a safe harbor for recreational boats and small vessels, offering a wide array of services and amenities tailored to meet the needs of boat owners. Marinas provide docking spaces, or berths, where boats and vessels can be securely moored, either temporarily or on a long-term basis. Marinas are commonly located near popular coastal, riverine and lakefront areas, catering to tourists and local boat enthusiasts alike, while contributing to the local economy through tourism and leisure spending.
The marinas market consists of revenues earned by entities (organizations, sole traders and partnerships) by providing docking facilities, boat storage and related services for recreational boating. It encompasses amenities like fuel docks, maintenance and rental services for private and commercial vessels.
The global marinas market was valued at $15,510.08 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Increasing Recreational Boating Activities
During the historic period, the increasing recreational boating activities supported the growth of the marinas market. The rising demand for recreational boating-spanning activities like fishing, cruising, sailing and water sports-has driven the need for secure and convenient docking, storage and maintenance facilities. Marinas address this demand by providing essential infrastructure such as boat slips, mooring areas and dry storage. This trend is further supported by the rise in boating tourism, with well-equipped coastal and lakeside marinas attracting transient visitors and boosting occupancy rates. To capitalize on this growth, marinas are diversifying their offerings with fuel stations, repair services, rentals, sailing schools and dining options, enhancing both revenue and customer experience. For instance, in March 2025, according to Insurance Journal, a US-based leading source of news, analysis, in 2024, there are approximately 11.96 million registered recreational vessels in the U.S., with 100 million Americans participating in boating activities annually. Additionally, according to National Safe Boating Council, a membership organization with over 500 US and International members committed to reducing boating accidents, the 11,674,073 recreational vessels registered by the states in 2024 represent a 1.1% increase from 2023 when 11,546,512 recreational vessels were registered. Therefore, the increasing recreational boating activities drove the growth of the marinas market.
Innovative Safety Tech Revolutionizes Marina Environments
Major companies operating in the marinas market are focusing on developing innovative technologies that improve safety, operational efficiency and environmental sustainability. These advancements include smart monitoring systems, energy-efficient infrastructure and real-time hazard detection tools tailored for marina environments. For example, in July 2025, SafeWater360, a US-based innovative startup focused on marine safety launched a new line of floating electrical hazard detection devices. These devices aim to detect and prevent dangerous electrical currents, reducing the risk of electric shock drowning and enhancing overall safety. Their application is particularly relevant in marinas, including pleasure marinas, where boats often connect to shore power and electrical systems. By addressing critical safety concerns, these devices help improve compliance with safety regulations and build trust among recreational boaters. This development supports safer marina operations and contributes to a more secure environment for swimmers and vessel owners alike.
The global marinas market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 6.55% of the total market in 2024.
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 marinas market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for marinas? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The 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 marinas market; and compares it with other markets.