$5.3bn
$XXX.Xm
33,739
8,799
$XXX.Xm
Operators in the Boat Rental industry offer various boats and watercraft for rental. Boats are generally more expensive to rent than other entertainment alternatives, therefore, demand is dependent on high levels of disposable income and consumer confidence. Industry revenue increased each year during the current period, except in 2020, as the industry struggled amid the pandemic because of travel restrictions and temporary lockdown measures. Altogether, over the past five years, revenue has grown at a CAGR of 1.9% to $5.3 billion, including an expected 0.7% increase in 2024. Profit is expected to climb to 7.3% of revenue in 2024 from 7.1% in 2019.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $5.3bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Boat Rentals in the US industry for IBISWorld to include in this product.
Boat Rentals in the US
Industry revenue is measured across several distinct product and services lines, including Motorboat rental (excluding yachts), Personal Watercraft rental and Yacht and sailboat rental. Motorboat rental (excluding yachts) is the largest segment of the Boat Rentals in the US.
Motorboat rental (excluding yachts) comprise the largest product segment
Operators in this industry offer piloted and unpiloted boats and other watercraft for rental.
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NAICS 532284 - Boat Rentals in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic negatively impacted industry revenue in 2020. Consumer confidence and domestic trips by US residents plummeted, reducing boat rental activity.
Learn about an industry's products and services, markets and trends in international trade.
Motorboat rentals comprise the largest product segment. Motorboats can accommodate larger groups of people and more water activities.
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Operators compete on a local level. Most boat operators are regionally or locally based and, therefore, try to differentiate themselves to better compete against competitors ...
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Regulations focus on safety and environmental sustainability. Regulatory policies ensure the safety of products and environmental friendliness.
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Profit climbed over the past five years. Operators offering higher-end boats to rent generally have higher profit margins than the industry average.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Boat Rentals in the US industry in United States is $5.3bn in 2024.
There are 8,799 businesses in the Boat Rentals in the US industry in United States, which has grown at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Boat Rentals in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Boat Rentals in the US industry in United States is expected to grow.
Renting motorboats and Renting personal watercrafts are part of the Boat Rentals in the US industry.
The level of competition is moderate and increasing in the Boat Rentals in the US industry in United States.