Europe Boat Rental Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Power Source, and Region

Europe Boat Rental Market Definition:

The boat Rental market is linked with an increase in accessibility to high-speed internet and social media platforms, attracting a large number of people. Thus, The Europe Boat Rental Market is expected to grow Through the forecast period. As it is possible to hire boats by anybody through internet booking by covering a wide range of area and people.

 

Further, the Europe Boat Rental Module market is segmented by Type, Power Source, and geography. On the basis of type, the Europe Boat Rental Module market is segmented under Yacht, Sailing Boat, Catamaran, Motorboat. Based on the Power Source, the market is segmented under IC Engine and Electric. By geography, the market covers the major countries in Europe i.e., UK, Germany, Italy, France . For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Europe Boat Rental Market Dynamics:

The Europe Boat Rental Market showed significant performance during COVID 19 as a safe and reliable means of leisure and travel. As the booking experience is completely contactless and keeps travellers far from crowded places. Thus, during COVID 19 pandemic boat rental market has grown significantly. Also, During COVID 19 period many peoples discovered the boating first time, these factors are supporting the market to grow. According to SMR, there is a 3900% increase in demand for Boat Rental Market through the forecast period. And several new entrants are participating in this business.

 

The Gen X population is expected to be the highest through the forecast period. Also, millennials are likely to surpass Gen X through the forecast period. The racial diversity in boat rental consumers is also increasing with the surge in the Hispanic population in recent years. Thus, driving the Europe Boat Rental Market through the forecast period. Due to advancements in technologies various boats also support self-drive mode. One of the major factors driving the market is environmentally friendly boats which are fuel-efficient and produce less noise. There is an increase in family-oriented travellers which is fuelling the demand for the market also there is significant demand from the unmarried population driving the market through the forecast period.

 

The remote booking facilities and easy accessibility to all types of information on the rental websites have made consumers more attracted to Boat Rental Market. Also, it is possible to contact the support team on the website to increase the safety and security of the boat, thus increase in demand for the market through the forecast period. Moreover, the boat rental software’s are easy to use and the rental operation are convenient due to the secure payment and SSL encryption makes it reliable to use. Companies like Le Boat offers personal boat tours in European countries, Recently Le Boat has launched the Horizon cruiser ship and it is possible to book in 11 regions including Italy and France.

 

One of the major factors that driving the Europe Boat Rental market is laws in Europe are such that anyone above the age of 18 is allowed to drive a boat without licensing or any kind of prior experience. Which drives the Europe Boat Rental Market through the forecast period. Rentals in these boats are expensive but these boats provide lodging as well. 10 people are possible to sleep in medium-sized boats with various amenities. these are the factors that are fuelling the demand for Europe Boat Rental Market through the forecast period.

 

 Europe Boat Rental Market Segment Analysis:

By type, the Europe Boat Rental market is classified into the yacht, Sailing Boat, catamaran, and Motorboat The motor boat segment is expected to dominate the market through the forecast period. As rising in water sports activities and water adventures. Also due to the rise in the millennial population, the attraction toward motor boats is increased which is driving the market through the forecast period. Yachts are relatively expensive luxury boats. In recent years these boats are also in demand due to an increase in purchasing power and a rise in marine tourism.

 

 

By power source, the Europe Boat Rental Market is segmented into IC Engine and Electric. The Electric segment is expected to dominate the market through the forecast period. As the demand for the electric segment is increasing due to efficiency and environment friendly also these engines are technologically superior and require less maintenance than the IC engine boats. Due to AI and data mapping, these boats have features of self-drive. Thus, these factors are driving the market through the forecast period.

 

Europe Boat Rental Market Regional Insights:

Over the next few years, Europe is likely to remain a very attractive market for vehicle Boat Rental Market.  The growth of this market can be attributable to the high per capita automobile ownership, as well as its high per capita income. Commercial vehicles, such as big trucks, as well as construction and agricultural machinery, are all popular in Europe. The majority of the automobiles in this area have electro-hydraulic power steering.

 

Every new vehicle sold in Europe comes with power steering. Automobile manufacturers in the country are progressively offering vehicles with electric powertrains, as well as hybrid vehicles that combine electric and hydraulic powertrains. European automakers are pioneering the development of game-changing automobile innovations.

 

Europe Boat Rental Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a  presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive  networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the  market, key players in the market, particularly in Europe and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the  Europe Boat Rental market to the stakeholders in the industry. The report provides trends that are most dominant in the  Europe Boat Rental market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the  Europe Boat Rental Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the  Europe Boat Rental market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the  Europe Boat Rental market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the  Europe Boat Rental market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the  Europe Boat Rental market. The report also analyses if the  Europe Boat Rental market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the  Europe Boat Rental market. Economic variables aid in the analysis of economic performance drivers that have an impact on the  Europe Boat Rental market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the  Europe Boat Rental market is aided by legal factors.

 

Europe Boat Rental Market Scope:

 

Europe Boat Rental Market
Market Size in 2023	USD 6.11 Bn.
Market Size in 2030	USD 8.04 Bn.
CAGR (2024-2030)	4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Type Yacht Sailing Boat Catamaran
	By Power Source IC Engine Electric
Country Scope	UK  France Germany Italy  Spain  Sweden Austria and Rest of Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe Boat Rental Market Key Players:  

• Globesailor (Paris, France)
• Click&Boat (Paris, France)
• Groupe Beneteau (Croix-de-Vie, France)
• Zizoo (Berlin, Germany)
• Click and Boat (France)
• Zizooboats (Austria)
• BorrowABoat (UK)
• GlobeSailor (France)
• Samboat (France)