Unlocking Opportunities in the Marinas Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theMarinas Market?
The marina market’s upswing can be attributed to the growing boating industry. This industry consists of various types of watercraft, regardless of size, designed for operation on water. This could be on inland waterways such as lakes or rivers, or in safeguarded coastal areas. Marinas provide an array of services, including maintenance, replacement parts, fueling, and cleaning. They also furnish secure spots for boats and yachts and typically have offerings for dining and recreation. For instance, in January 2023, the National Marine Manufacturers Association (NMMA), an American non-profit organization representing boat, marine engine, and accessory manufacturers, reported increased new powerboat unit sales in the USA in 2022 with an estimated 250,000 new units sold. Initial indicators suggest continued robust demand into 2023, with predictions for new retail unit sales mirroring 2022 levels. Consequently, the expansion of the boating industry drives the marina market’s growth.
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How Will the Growth Rate of theMarinas Market Impact Industry Trends by 2034?
The market size for marinas has seen a significant increase recently. Its worth is projected to rise from $18.28 billion in 2024 to $19.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This improvement over the historical period can be traced back to factors such as trends in recreational boating, development of waterfront properties, tourism and travel escalation, economic expansion in coastal areas, and nautical events and contests.
Expectations for the marinas market size anticipate robust expansion in the coming years, with a growth projection reaching $24.38 billion in 2029 and a compound annual growth rate (CAGR) of 5.8%. This surge in growth within the forecast period can be credited to green and eco-conscious measures, the popularization of boating lifestyles and experiences, the surge in coastal and marine tourism, adherence to environmental and regulatory norms, and investments in waterfront properties. The forecast period will see emerging trends such as improved safety and security protocols, increased attention to environmental compliance, infrastructure enhancements, the rise of destination marinas, as well as a focus on community and events.
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Which Cutting-Edge Market Trends Are Expected to Drive theMarinas Market’s Growth?
To broaden their marine business, key players in the marina market are concentrating on creating a sophisticated marina app. Essentially, a marina app is a mobile software application aimed to offer services and details pertinent to marinas and boating. Illustrating this, D-Marin, a marina management company originating from Turkey, unveiled The D-Marin in July 2023. This top-tier Marina app acts as a central platform for users to avail customized services such as immediate marina berth booking and renewals, remote check-in, and reliable payment methods. Users have the ability to manage their energy and water consumption via the app’s built-in Smart Pedestal solution. Moreover, the app connects to D-Marin’s self-governing boat sensors, allowing uninterrupted tracking of boat conditions like tide, temperature, battery level, and geolocation. Providing services to both year-round and temporary customers enhances user comfort and safety, thereby elevating the entire yachting experience.
What Are the Leading Market Players Impacting theMarinas Market’s Growth Trend?
Major companies operating in the marinas market include Fassmer GmbH & Co. KG, FB Design Srl, LOMOcean Marine Ltd., Sunbird International Yacht Ltd., W Marine Inc., Bellingham Marine, Marinetek India Pvt. Ltd., Meeco Sullivan The Marina Company, SF Marina Systems AB, Ingemar Srl, Poralu Marine Inc., Walcon Marine Ltd., Cubisystem, EZ-Dock Inc., Martini Alfredo S.p.A., IGY Marinas, Suntex Marinas, Westrec Marinas Management Inc., Oasis Marinas LLC, F Marina, Coastal Marina Management LLC, Trident Marina Group LLC, Brewer Yacht Yard Group Inc., Camper & Nicholsons Marinas, Island Global Yachting LLC, Marina Management Services Pvt. Ltd., Marinas International Inc., MarineMax Inc., Morningstar Marinas LLC
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How Are the Key Segments of the Marinas Market Driving Opportunities and Innovations?
The marinas market covered in this report is segmented –
1) By Type: Private, Public, Commercial
2) By Port Type: Seaport, Inland Port
3) By Application: Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas
Subsegments:
1) By Private: Residential Marinas, Exclusive Member Marinas
2) By Public: Municipal Marinas, Community Marinas
3) By Commercial: Tourist Marinas, Charter And Rental Marinas
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theMarinas Market?# Market Expansion?
North America was the largest region in the marinas market in 2024. The regions covered in the marinas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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