Boat Rental Market Size, Share, Growth Analysis, By Boat Type(Fuel Powered, Sail Boat, Electric Boat.), By Boat Size(Up to 20 feet, 21 to 35 feet, Above 36 to 50 feet.), By End users(Luxury, Sports, and Fishing), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Global Boat Rental Market was valued at USD 19.24 billion in 2022, and is expected to rise from USD 20.34 billion in 2023 to reach a value of USD 31.69 billion by 2031, at a CAGR of 5.70% during the forecast period (2024–2031).

Clients who use boat rental administrations can lease boats for their relaxation or excursions. Chartering a boat seems a feasible option in the present economy where anything can be bought without claiming it. Most boats spend the more significant part of their helpful life secured, so the leasing arrangement supports reusing these inactive vessels. Contingent to the client's requirements, boat rental firms offer either powered or unfueled boats, alongside teams or without them. A great many superb conveniences are given for boats, an accomplished group. These boats offer a total extravagance experience with the best solace and principles and are sanctioned for business and extravagance purposes. In a few regions of the planet, most conspicuously in Europe, boats are often utilized for cruising and fishing.

Since buying a boat is less expensive than maintaining it, listing a parked boat in a boat rental provides boat owners a new stream of income. The industry for boat rentals has a lot of room to grow in the years to come because of the parked boats in harbours. Many people wish to enjoy luxury at a reasonable price. Before, boat rental businesses offered weekly and monthly boat rentals. Digitalization has, however, opened up new possibilities for hourly and partial- or full-day rental services.

US Boat Rental Market is poised to grow at a sustainable CAGR for the next forecast year.