IMARC Group’s latest report, titled “Boat Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global boat rental market is expected to exhibit a CAGR of 5.50% during 2022-2027.
Boat rental is a service that allows individuals to rent boats for leisure and vacation purposes. It includes the smaller boat that is available for rent from an hour to a day for personal usage that is economical, has low maintenance cost and offers a personalized experience. This service is also used by boat owners that enable them to rent their boats when they are not in use in order to recoup part of their maintenance costs. There has been a considerable rise in the demand for boat rental across the globe due to its wide variety of applications in sports, tourism, and commercial events.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Bluewater Yachting Boatjump SL Boatsetter Inc GetMyBoat Globe Sailor Le Boat Nautal (Click&Boat) Sailo Inc SamBoat Ychito Zizooboats GmbH
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Boat Rental Market Growth:
Significant growth in the tourism industry is driving the global market. This can be attributed to the increasing popularity of water sports activities and leisure travel among the masses. Additionally, the rising government initiatives for upgrading the tourism industry are propelling the market. Moreover, continuous developments in mobile applications that enable easy and convenient booking procedures are acting as a growth-inducing factor. Furthermore, the easy availability of luxury and premium boats for rental that provides enhanced comfort and travel experience is creating a positive market outlook. Other factors, including rapid urbanization and inflating disposable incomes of the masses, are also influencing the market.
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