Boat Rental Market to Reach $31.2 Billion by 2031: Allied
, 2022-11-14 09:43:56,
Portland, OR, Nov. 14, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global boat rental market generated $18.2 billion in 2021, and is projected to reach $31.2 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Boat Rental Industry Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $18.2 billion |
| Market Size in 2031 | $31.2 billion |
| CAGR | 5.7% |
| No. of Pages in Report | 263 |
| Segments Covered | Boat type, boat size, power, activity, and region. |
| Drivers | Increase in the standard of living |
| Increase in the growth of the marine tourism industry | |
| Opportunities | Rapid development of online platforms for availing boat rental services |
| Rise in sea-based tourist activities including boating, cruising, yachting, and nautical sports | |
| Restrains | High cost associated with renting a boat |
| Limited to specific consumers |
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