The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Global expansion of the marine tourist sector is likely to stimulate innovation in boat rental manufacturing, propelling the market during the forecast period.

The global boat rental market is expected to grow from $16.53 billion in 2022 to $17.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global boat rental market size is expected to reach $22.35 billion in 2027 at a CAGR of 6.0%.

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Global Boat Rental Market Segments Include:

• By Boat Type: Inboard Boats, Outboard Boats, Sail Boats, Other Boats
• By Boat Size: Less than 30 feet, Between 30 and 79 feet, Greater than 79 feet
• By Power: Engine Powered, Man Powered, Sail Propelled
• By Activity: Sailing and leisure, Fishing, Other Activities
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global boat rental market in 2021.

Major Market Players in the boat rental market include GetMyBoat, Groupe Beneteau, Boatsetter, Globe Sailor, Zizoo, Sailo, Incrediblue, Boatjump, Blue Boat Yacht Entertainment Company, YACHTICO Yacht Charter, Le Boat, Brunswick Group.

The primary trend gaining traction in the boat rental market is technological advancement. Major players in the boat rental market are focusing on developing novel technology to increase their market position. For example, Vision Marine Technologies, a Canadian producer of handmade, high-performance, ecological, and electric recreational powerboats, created E-Motion technology in June 2022. The world’s first high-performance electric propulsion engine, E-Motion technology, combines a 180-horsepower (135 kW) motor with a smart battery management system to minimise energy expenses by 90%. The E-Motion improves performance and range without the need for any additional charging infrastructure or devices. All that is necessary is a 220-volt charging outlet, which is already present in practically every marina’s infrastructure.

The Boat Rental Global Market Report 2023  provides a boat rental market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boat rental market forecast analyzes boat rental market size, boat rental market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The practise of renting and chartering a boat for the owner or a renting firm is referred to as boat rental. This option provides a more personalised experience. This assists renters in selecting a yacht depending on their hobbies and sailing ability.

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