Boat Rental Market Scope
Boat rental refers to a person renting a boat from a private owner. This option allows for a more personalized experience. The renter can choose a boat based upon their interests and boating abilities rather than getting a stock boat from a marina fleet. Since the boat is owned by a private owner, the renter can be assured that it is in proper running condition and has all of the necessary safety gear and equipment on board. They can even talk to or meet with the owner before heading out onto the water. The renter can sail the boat themselves, or hire a captain to do the navigating for them.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | GETMYBOAT Inc.(United States), Brunswick Group (United Kingdom), BRP (Canada), Beneteau Group (France), Blue Bay Marine(Denmark), Blue Boat Yacht Entertainment Company (Netherlands), Boatsetter (United States), Click&Boat (France) and GLOBE SAILOR(France) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that France Vendors will contribute to the maximum growth of Global Boat Rental market throughout the predicted period.
GETMYBOAT Inc.(United States), Brunswick Group (United Kingdom), BRP (Canada), Beneteau Group (France), Blue Bay Marine(Denmark), Blue Boat Yacht Entertainment Company (Netherlands), Boatsetter (United States), Click&Boat (France) and GLOBE SAILOR(France) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Boat Rental market by Type , by Application (Personal and Business Group) and Region with country level break-up.
On the basis of geography, the market of Boat Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Influencing Trend:
Increase in Online Rental Services is Driving the Market and Increasing number of people are either renting boats or joining a boat club to enjoy their leisurely time whilst maintaining social distancing norms.
Market Growth Drivers:
The growing popularity of mobility as a service as opposed to car ownership’s, reason being simple, the millennial population believes in experiencing things rather than owning things, Internet and digitization have made renting and chartering of boats an easy affair, thereby fueling the demand significantly and Rise in investments to promote marine tourism across several countries
Challenges:
The fragmented nature of the market is creating challenges for business owners
Restraints:
High cost associated with the boat rental service
Opportunities:
Rise in investments to promote nautical tourism across several countries
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Boat Rental providers, Government Regulatory and Research Organizations and End-Use Industry