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Boat Rental Market Insights: Size, Share & Forecast 2032

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • Jan 2
  • 2 min read
Boat Rental Market
Boat Rental Market

According to Fortune Business Insights the global boat rental market size was valued at USD 23.16 billion in 2024. The market is projected to grow from USD 24.34 billion in 2025 to USD 35.98 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. 

The market has become an active part of the global leisure and tourism industry. Changes in consumer lifestyles and a growing preference for experiences over asset ownership are driving this trend. Renting boats gives individuals and groups access to activities such as sailing, fishing, water sports, and luxury cruising without the financial burdens of ownership, such as purchase costs, maintenance, insurance, and docking fees.

Market Share Insights

  • North America accounts for a major share of the market due to extensive inland waterways, strong boating culture, and high tourism activity

  • Europe holds a substantial share supported by Mediterranean tourism and recreational sailing

  • Asia Pacific is emerging as a high-growth region owing to rising disposable incomes, tourism development, and marina infrastructure expansion

  • Rest of the World shows moderate growth through coastal tourism and charter services

Market Drivers

  • Growth in marine and coastal tourism worldwide

  • Increasing consumer preference for renting over owning assets

  • Expansion of the sharing economy and digital booking platforms

  • Rising disposable income and spending on leisure activities

  • Increased interest in unique and experiential travel options

Market Segmentation

By Boat Type

  • Motorboats – Largest market share due to ease of operation and versatility

  • Sailboats – Popular among leisure and sports enthusiasts

  • Yachts – Fast-growing premium segment driven by luxury tourism

  • Rigid-Inflatable Boats and Others – Niche demand for specific activities

By Propulsion Type

  • Fuel-Powered Boats – Dominant due to established infrastructure

  • Sailboats – Preferred for traditional and eco-conscious boating

  • Electric Boats – Emerging segment driven by sustainability trends

By Boat Size

  • Up to 20 ft – Widely used by casual and first-time users

  • 21–35 ft – Balanced demand for comfort and affordability

  • Above 35 ft – High-end charter and luxury rentals

By Rental Type

  • Commercial Charter Rentals – Dominant segment with organized tours

  • Peer-to-Peer Rentals – Rapidly growing through digital platforms

  • Subscription-Based Rentals – Emerging model gaining interest

By Application

  • Fishing – Largest application segment driven by recreational angling

  • Luxury & Leisure – Strong demand from affluent travelers

  • Sports & Water Activities – Growing with adventure tourism

  • Commercial and Corporate Use – Includes events and group bookings

Regional Insights

  • North America: Strong dominance supported by boating culture and tourism

  • Europe: Stable growth with focus on leisure sailing and cruises

  • Asia Pacific: Fastest growth potential driven by tourism investment

  • Middle East & Latin America: Gradual growth through luxury tourism and charters

Key Companies Profiled:

  • GetMyBoat (U.S.)

  • Boatsetter (U.S.)

  • Click&Boat (France)

  • Sailo (U.S.)

  • Zizoo (Austria)

  • SamBoat (France)

  • GlobeSailor (France)

  • Nautal (Spain)

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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