Boat Rental Market – Key Drivers, Key Opportunities, Product Benchmarking, Along with Key Industry Players and Latest Acquisitions and Mergers.
The market for Boat Rental was valued at USD 18.45 Billion in 2021, and is expected to reach USD 29.67 Billion by 2029, exhibiting a CAGR of 6.12 % during the forecast period (2022-2029).
A report on the Boat Rental market has been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market- and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for the Boat Rental Market. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
Boat Rental Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of the Boat Rental Market may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter’s five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as bottom-up forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies.
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Boat Rental Market Segmentation:
The boat rental market is divided into three categories: entry, sports, and luxury. The luxury boat segment has a sizable market share of 38.12% in 2021. Due to rising interest in luxury sailing, particularly among the world’s wealthy, the luxury boat segment is anticipated to hold onto its position as the largest category in the worldwide boat rental market while expanding at a CAGR of 3.67% during the forecast period. The rich and common people alike have been drawn to travel abroad by the trend of discovering new tourist spots. Additionally, major competitors concentrate on giving their guests with more comfortable and opulent cruises by offering first-rate amenities like internet access, bars, and restaurants. The market for renting out boats is anticipated to grow in the luxury class as a result.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
In the research’s examination of the Boat Rental Market, cost structures, market shares, the producers’ supply networks, and the laws and regulations in force at the time are all taken into account. It is possible to analyse the regional markets for the Boat Rental Market by comparing the cost of locally produced goods to the profit made.
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Boat Rental Market Key players:
• GetMyBoat, Inc.,
• Click&Boat,
• Sailo, SamBoat
• GlobeSailor
• Yachtico Inc.
• Boatjump SL
• BoatBureau
• Ocean Serenity
• Boatsetter
• Groupe Beneteau
• Zizoo
• BorrowABoat
• Samboat
• Incrediblue
• Boatbay
• West Coast Marine
• Odyssey Boats
• Le Boat
• THE MOORINGS
• Nautal.
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